A review of Pepperstone improvements last year

Pepperstone is a well-established forex broker known for its very tight spreads. This multi-regulated broker closed 2024 with a series of remarkable achievements and innovations that highlighted its commitment to traders.

Whether improving trading conditions, reducing costs, or expanding payment solutions, Pepperstone has continually pushed the boundaries of what a modern broker can offer.

Here's a brief summary of everything you need to know about the broker's key initiatives and achievements during the previous year.

📈 Pepperstone UK's Solid 4% Revenue Growth
One of the key takeaways from Pepperstone is its solid revenue growth despite market challenges. The FCA-regulated broker's total revenue reached 25.2 million GBP in the 2024 financial year, an increase of 4.5% compared to the previous year.

This growth was largely due to a significant increase in other revenue sources. Service fees charged to group entities continued to rise, while interest income almost quadrupled, rising from 240,484 GBP the previous year to 944,656 GBP.

As a result, total other revenues reached 13.1 million GBP, an increase of 19.1% from 10.4 million GBP recorded in FY2023.

While trading revenues saw a slight decline of 6.2%, from 14 million GBP to 13 million GBP, Pepperstone successfully offset this decline in FY2024 by diversifying its revenue streams.

The result is a stronger and more sustainable revenue base, demonstrating the broker's resilience to maintain profitability even when core trading revenues are under pressure.

🕐 24-Hour CFD Trading on US Stocks
As an innovative broker, Pepperstone introduced 24-hour CFD trading on US stocks since 18 June 2024. This new feature allows traders to act immediately on earnings announcements, market news, or global events, without waiting for traditional market sessions to open.

Stock exchanges typically operate during limited hours, but many important events occur outside of these hours. By offering 24-hour trading, Pepperstone has helped its clients seize real-time opportunities while reducing the risk of overnight gaps.

This service covers some of the most actively traded US stocks, including Apple, Tesla, and Nvidia. Fees start at just $0.02 per share, with no minimum commission.

"One of the biggest risks equity traders face is gap risk when the stock market reopens, and 24-hour CFD trading on US stocks helps mitigate this risk." Tamas Szabo, CEO of Pepperstone

This move also reflects broader market trends. As the New York Stock Exchange explores the idea of ​​continuous trading, brokers are adapting to the growing demand for flexibility, inspired by the 24/7 model of cryptocurrencies.

By offering true 24-hour access across several leading platforms, Pepperstone is positioning itself ahead of competitors that offer only limited extended trading in 2024. Traders can now enjoy 24/7 access to:

MT5
cTrader
TradingView
Pepperstone Mobile App

➡️ A Pepperstone guide to choosing MT4, MT5, or cTrader

"We are proud to support this launch on the cTrader platform and look forward to the positive impact it will have on traders around the world." Ilia Iarovitcyn, CEO of Spotware Systems (cTraders)

📱 User-friendly trading app
To enhance the client experience, Pepperstone has taken a leap forward in mobile trading by launching two new apps tailored to different trading needs.

This strategic decision not only expanded accessibility but also demonstrated the broker's continued commitment to innovation and client-centric solutions.

The first version, the Pepperstone Trading app for Android, was launched on 28 January 2024. Designed as a comprehensive trading platform, the app allows users to:

Trade forex and CFDs across multiple markets directly from interactive real-time charts.
Manage their accounts more efficiently with integrated deposit and withdrawal options.
Benefit from a simplified interface that combines speed, functionality, and ease of use.

About Pepperstone

Pepperstone is a leading broker designed for short-term traders.

They offer trading on a growing selection of over 1,290 instruments, from forex to CFDs on equities, commodities and cryptocurrencies.

Pepperstone has also made further improvements to its offering in recent months, including adding Apple Pay and Google Pay deposits to enhance the mobile trading experience.