What is the difference between MetaTrader and Pepperstone?

Specifically, Pepperstone limits its MT4 execution to the market type. This execution model is characterized by immediate filling of orders at the best available market price. While this approach ensures swift order execution, it also exposes traders to potential risks.

One such risk is slippage, where the actual execution price differs from the intended price due to rapid market movements. Another is gapping, which occurs when there's a significant price jump between two consecutive trades, leading to unexpected losses or gains. By offering only Market execution, Pepperstone clients may face higher instances of these risks.

Despite these potential drawbacks, Pepperstone's choice reflects its commitment to providing a streamlined trading experience. By simplifying the execution process, Pepperstone enables traders to focus on their strategies rather than navigating complex execution options. Additionally, Pepperstone offers a range of other features and services to support its clients' trading activities.

Pepperstone, a renowned financial services provider, specializes in offering trading platforms to its clients. Among the various options available, Pepperstone's implementation of MetaTrader 4 (MT4) is particularly noteworthy. However, when it comes to execution types within this platform, Pepperstone's approach stands apart.

MT4, a widely used trading software, is known for its versatility, supporting up to three distinct execution models. These models cater to different trading strategies and risk appetites. Nevertheless, Pepperstone's decision to offer a single execution type on its MT4 platform is a strategic one.