Trading forex with MetaTrader 4 through Pepperstone
You want to trade forex and CFDs with charts you can customise and strategies that run without you watching the screen, but you don't want to learn a broker's own proprietary tool. Pepperstone offers MetaTrader 4 (MT4) for this. You log in to the familiar MT4 terminal with your Pepperstone account and trade through the broker's pricing.
Quick facts
- Platform: MetaTrader 4 client terminal, with Android, iOS, desktop and web access
- Account needed: a live or demo Pepperstone account, with MT4 chosen as the platform
- Account types: CFD Razor and Standard accounts are listed as MT4-compatible
- Commission (Razor): fixed, from USD$3.50 per lot, per side
- Minimum trade size: 0.01 lots
Key features
Build your own indicators and automated strategies with MQL4
You can combine indicators and scripts, or develop your own with MQL4. That lets you tailor the terminal to your trading style and automate it with Expert Advisors.
Analyse charts with dozens of built-in indicators
The platform comes with dozens of pre-installed indicators, and thousands more free custom ones are available. You can combine up to 9 timeframes and several graphical objects to get the view you want.
Control your exposure with small position sizes
You can trade from 0.01 lots. A 0.01 lot is 1,000 units of the base currency, so each pip move on major pairs is roughly $0.10.
Add Smart Trader tools for risk and execution
Pepperstone clients can use the Smart Trader Tools package. It includes 28 apps, among them Trade Terminal, Correlation Matrix and Alarm Manager. Availability may depend on your account type.
Get execution and support figures you can check
Pepperstone quotes execution from 50 milliseconds with a 99.89% fill rate and no dealer intervention. Support runs 24 hours a day Monday to Friday and 18 hours at the weekend.
Who it's for
MT4 suits you if you already know the platform, or if you want to automate a strategy with Expert Advisors and write your own tools in MQL4. It also fits you if you prefer a straightforward interface with a large library of free custom indicators. Both Razor and Standard CFD account holders are covered.
Pros and cons
Pros
- Expert Advisors and MQL4 let you automate and customise your trading
- Desktop, mobile and web access
- Small minimum trade size of 0.01 lots
- Razor pricing has a raw spread plus a fixed, stated commission
Cons
- You need a Pepperstone account to connect, so it isn't a standalone charting tool
- Standard accounts are not offered on MT4 for new setups; the site says they remain available on MT5
- Some Smart Trader tools depend on your account type
FAQs
How do I get started with MT4?
Open a live or demo account and choose MT4. Download the platform, then search for the Pepperstone server and log in with your Pepperstone credentials.
Can I use MT4 on my phone?
Yes. You can log in to MT4 via Android, iOS, desktop or web.
What if my login details are rejected?
Copy and paste your password so no spaces creep in. You can also type the server address manually, for example edge03.pepperstone.com. If that fails, use live chat.
Can I automate my trading?
Yes. MT4 supports Expert Advisors, and you can write your own indicators and scripts in MQL4.
System requirements
MT4 is available for desktop, Android, iOS and web. You need a Pepperstone account and your account number, password and server name to log in.