If you are already a Forex Trader or you have just started researching about Forex, you may have heard of Pepperstone, Australia's main Forex and CFD Trading Platform. Because of the favorable conditions that they provide to clients [in terms of spreads and trade execution], Pepperstone's popularity has grown exponentially. But what you want to check is whether the company accepts or not local clients. The answer is yes, Pepperstone opens Trading accounts to clients living in Faroe Islands.
PEPPERSTONE FOR FAROESE RESIDENTS: #1 FOREX TRADING PLATFORM [OUR TOP CHOICE]
When compared to other CFD Brokers, Pepperstone stands out from the fact that they offer ultra-low spreads and powerful trading platforms. Several industry experts have stated that indeed Pepperstone has made a valuable contribution to the financial services industry, reason why the company has one of the highest conversion rates in Europe (A potential client who tries it, later becomes a client). Pepperstone handles an average of $125.5 billion in trading orders per day, meaning that it is one of the world's largest FX brokers worldwide. ¿Concerned about who's regulating them? Well, they are heavily regulated in Australia, the UK, UAE and the Bahamas, so, it is fair to say that it is a trustworthy Broker. By the way, opening a Trading account requires a simple process, you just need to upload an ID (Passport) and a Utility bill through their App and in a few days, you are ready to go.
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.