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Many online CFD and Forex broker review sites show the “same old” information, long and confusing lists of brokers, and don’t assist in the decision-making process of choosing an Australian regulated stock, Forex or CFD broker. Online Brokers Australia, is a comparison web site that has a clear commitment to quality, rather than quantity of brokerage listings and publishes its own reviews. It has done so for Australia Forex broker, Pepperstone Group Ltd, which it claims as a truly independent review of this brokerage.
Online Brokers Australia highlights that many existing review and comparison web sites have no clear point of difference, limited or inaccurate reviews, and feature many ‘overly favourable reviews’ or omit key information important to the trader seeking to make an informed decision.
Stuart Young, founder and reviewer at Online Brokers Australia says “We know reviews are hugely important to the trader in the broker selection process. That’s why we believe reviews should be genuine and thorough. Otherwise we will fail in our mission to be known as the trusted and number 1 source of reputable reviews of CFD, Forex and stock brokers.”
It appears to Online Brokers Australia that there is a seemingly endless supply of overly positive, and sometimes inaccurate, reviews for many brokerage houses. Stuart Young believes this is due to their desire to receive financial compensation from the referral which trumps their desire to provide detailed, accurate and unbiased reviews. This lowering of the integrity of online broker reviews concerned him and he saw the opportunity to position his on-line review website as truly independent.
Stuart Young said, “If a product is genuinely excellent, then a web site should accurately describe the positive aspects and highlight which traders would benefit most from these features. However, if it isn’t so great, then the site should make those negative elements know to the reader and make it easy to understand who would be most affected or clarify traders best suited to the broker being reviewed.”
In their online review of Pepperstone, Online Brokers Australia makes a point of highlighting the positives. For example, Pepperstone is a Forex ECN broker focusing heavily on a fast execution experience and low cost FX trading. The Pepperstone spreads will be appreciated by currency traders and compare favourably to their competitors. This is combined with ultra-low latency, high quality execution, flexible leverage up to 500:1, reliable trading infrastructure, ability to earn Qantas points and award-winning customer support which makes for a great trading experience. As with any broker listed on the Online Brokers Australia comparison site, Pepperstone is an Australian regulated broker.
However, it doesn’t betray its integrity and avoids bias by highlighting the flaws of the Australian FX broker Pepperstone too. Such as; Pepperstone Australia broker does not offer CFDs on equities however, this will not be an issue for traders if they don’t require stock/share CFDs and Pepperstones range of foreign exchange is extensive with 58 different currency pairs to trade. Another criticism; the MT4 and cTrader trading platforms offered may not be as easy to use as some other web platforms, however are extremely stable & functional.
Overall, Online Brokers Australia ends up rating Pepperstone broker as ‘highly recommended’ for Forex traders with a rating of 4.5 out of 5. It also wants to emphasize that the conclusion was arrived at via their stringent requirements test and with the consumer in mind.
To learn more about the review process visit the website here: https://www.onlinebrokersaustralia.com.au
About Online Brokers Australia
Online Brokers Australia is an online CFD, Forex & stock broker comparison and reviews company concentrating on top ASIC regulated brokerage houses.
Their online trading reviews provide broker ratings, advantage & disadvantage comparisons, plus an in-depth general consumer report on the broker’s offering and who they may be most suited to. The site is suitable for all traders & retail investors involved in online CFD trading, Forex transactions or investing in the stock market.
Release ID: 359972