Pepperstone Launch US Stocks CFDs, Not on cTrader
Pepperstone, the well-known and well-regarded forex broker originally from Australia, now with operations in London and soon Cyprus has just launched US stocks on MetaTrader 5. The stocks available to trade with Pepperstone include highlights such as Tesla, Amazon, Google and Apple and some of the brands we have known forever such as Coca Cola, McDonald’s and The Walt Disney Company.
In total there are 60 shares now available. All of these stocks are exclusively available on the MetaTrader 5. Margin requirements vary according to jurisdiction. If you are trading with Pepperstone in the UK all of the offered share CFDs have margin requirements of 20%, i.e. leverage of 1:5. If you are trading with Pepperstone in Australia all of the offered share CFDs have margin requirements of 5%, i.e. leverage of 1:20. Although, you can expect this to change soon with new ASIC product intervention rules possibly coming into force soon.
Commenting on the launch, the Pepperstone Group CEO, Tamas Szabo, said: “Our focus as a business is to continue to innovate and respond to what our clients want and provide assets that offer our traders the opportunity to access new markets.”
The company probably made the decision to launch on MetaTrader 5 due to the familiarity of the platform to the majority of its users. Without question, the MetaTrader 4 platform would not have been suitable for this new product offering. cTrader is however fully equipped to support multi-asset stock CFD trading. Let’s hope Pepperstone will progress with this new offering and start offering stock CFD trading on the cTrader platform too.