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Established in , Pepperstone has quickly grown into one of the largest forex and CFD brokers in the world. With 11 trading platforms including MT4 and cTrader, Pepperstone provides the technology to trade your way, whenever you want.

Pepperstone offers a wide range of resources to our valuable clients to help create the best possible trading experience. Partner with Pepperstone through our Introducing Broker, CPA Affiliate Program or Refer-a-Friend programs. Team up with the best. Before trading currencies, an investor has to understand the basic terminology of the forex market, including how to interpret forex quotes and calculations. Pepperstone quotes currency pairs by "5, 3 and 2" decimal places — these are known as fractional pips or pipettes.

The spread is the difference between the BID and the ASK price in the market quotes.

The ASK price is applicable to a BUY order and the BID price is applicable to a SELL order. A variable spread will condense and widen as market conditions and liquidity change. Pepperstone offers a maximum leverage of The same principal applies to all base currencies and leverage amounts. Leverage gives the trader the ability to make meaningful profits on the normally miniscule daily currency movements, and, at the same time, risk only minimal capital on a given position.

Leverage can exponentially increase your profits as well as your losses so it is crucial that traders take care when using leverage. Margin is the term given to the amount of money required in your account in order to open a trade. Margin may be calculated as follows: Hedging refers to the opening of a new position in the opposite direction of an existing position on the same instrument.

To hedge a 0. No additional margin is required to hedge a position. It is important to note that one cannot open a new position on an account with insufficient usable margin. Forex trading may also generate interest income as well as capital gains. Since forex is traded in pairs, every trade involves not only two different currencies, but their two different interest rates.

If the interest rate on the currency the trader bought is lower than the interest rate on the currency you sold, then the trader will pay rollover negative roll.

Forex Basic Terminology - Pepperstone

These are fees that Pepperstone charges on the Razor account only. The commission amount equates to:. Expert Advisors are based on signals generated by various technical indicators and may be acquired online.

A VPS is used to keep the Meta-Trader 4 platform running even if the trader exits the program. This minimizes the chance of system downtime due to technology and connectivity failures. Multi Account Manager account types on the Meta-Trader 4 platform are designed for Money Managers who trade on behalf of other investors and manage multiple accounts from a single interface.

Money Managers can also manage multiple accounts by utilising Expert Advisors EAs. This is a term used to describe trading an alternative currency or instrument that is less volatile as a result of market turmoil and uncertainty. Level 5, Collins Street Melbourne VIC AUSTRALIA.

Leveraged trading in forex, derivatives, precious metals, CFDs or other off-exchange products on margin carries a high level of risk to your capital. You do not own, or have any rights to, the underlying assets.

Forex | Forex Trading | MetaTrader 4 | Currency Trading | Forex Broker

Trading is not suitable for everyone and may result in losses greater than your deposits. You should only trade with money you can afford to lose. Past performance is no guarantee of future performance and tax laws may be subject to change. Pepperstone is not a financial advisor and all services are provided on an execution only basis.

Please consider our Risk Disclosure Statement and legal documentation and ensure that you fully understand the risks involved in light of your personal circumstances before you decide whether to acquire our services.

We encourage you to seek independent advice if necessary. Pepperstone means Pepperstone Group Limited and Pepperstone Limited. Pepperstone Group Limited is registered in Australia under ACN and is authorised and regulated by ASIC AFSL Level 5, Collins Street, Melbourne, VIC , AUSTRALIA.

Please refer to our PDS and FSG here. We already have an account with your registered email address, this could be a demo account that you created previously in the past. Please click the Forgotten Password Link to reset your password and login again.

About Us About Us Established in , Pepperstone has quickly grown into one of the largest forex and CFD brokers in the world. Live Account Demo Account.

Get to know us About Us Regulation and Licensing Why Choose Pepperstone Legal Documentation Contact Us. Press Awards Media Investment Trends FX Report Investment Trends FX Report Forex Trading While Forex is in our DNA, we also offer CFDs, Metals and other Commodities.

Instruments Instruments Overview What is Forex Trading? Index CFDs Precious Metals Energy Soft Commodities. Trading Accounts Accounts Overview Standard Razor Islamic Active Trader Program.

Trading Conditions Trading Conditions Overview Spreads Swaps Edge Technology Equinix Trading Servers VPS Hosting. Trading Platforms With 11 trading platforms including MT4 and cTrader, Pepperstone provides the technology to trade your way, whenever you want. Client Resources Pepperstone offers a wide range of resources to our valuable clients to help create the best possible trading experience. Managing Your Funds Funding Methods Withdrawals Segregated Client Accounts.

Knowledge Base Learn to Trade Forex Support FAQ Trading Glossary Historical Tick Data. Trading Essentials Trading Guides Market Review Economic Calendar.

Online Forex Trading and CFD Trading - Xtrade

Partnerships Partner with Pepperstone through our Introducing Broker, CPA Affiliate Program or Refer-a-Friend programs. Refer and Earn Introducing Brokers CPA Affiliate Program Refer A Friend. Social Trading Social Trading Overview Myfxbook ZuluTrade Mirror Trader RoboX MT4 Signals. Forex Trading Instruments Overview What is Forex Trading? Index CFDs Precious Metals Energy Soft Commodities Accounts Overview Standard Razor Islamic Active Trader Program Trading Conditions Overview Spreads Swaps Edge Technology Equinix Trading Servers VPS Hosting.

Client Resources Funding Methods Withdrawals Segregated Client Accounts Learn to Trade Forex Support FAQ Trading Glossary Historical Tick Data Trading Guides Market Review Economic Calendar. Partnerships Introducing Brokers CPA Affiliate Program Refer A Friend Qantas Capital Introduction White Labels Regional Representatives Social Trading Overview Myfxbook ZuluTrade Mirror Trader RoboX MT4 Signals. Managing Your Funds Funding Methods Withdrawals Segregated Client Accounts Knowledge Base Learn to Trade Forex How does Forex Work?

Basic Terminology Fundamental Analysis Technical Analysis Trend Lines What is a Technical Indicator Gold Trading Order Types Support FAQ Trading Glossary Historical Tick Data Trading Essentials Trading Guides Market Review Economic Calendar Trade with Pepperstone Experience the Difference Live Account Open a Live Trading Account Demo Account Try a Demo Trading Account Live Account Open a Live Trading Account Demo Account Try a Demo Trading Account.

Basic Terminology Before trading currencies, an investor has to understand the basic terminology of the forex market, including how to interpret forex quotes and calculations.

Pips and Pipettes Pepperstone quotes currency pairs by "5, 3 and 2" decimal places — these are known as fractional pips or pipettes. On a 5 decimal place currency pair a pip is 0. Financial Services Guide Product Disclosure Statement Website Terms and Conditions.