AAAFx vs. Pepperstone Broker Comparison

AAAFx vs. Pepperstone Broker Comparison

AAAFx versus Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT4, ZTP55+HCMC
$200MT4, MT5, cTrader150+FCA, ASIC

AAAFx and Pepperstone Comparison

Both of these are ECN brokers, offering low Forex spreads, plus a commission charge. Pepperstone also provides an STP account, with no commission charges (and higher Forex spreads). Both offer MT4. Additionally, AAAFx provides the ZTP web trader, while Pepperstone offers MT5 and cTrader, both platforms optimised for ECN trading.

As ECN brokers, they do not offer a large number of markets to trade, however each has a competitive number for this kind of broker and both have a range of Cryptocurrency CFDs. AAAFx integrates with ZuluTrade and supports socila and copy trading. Pepperstone also integrates with ZuluTrade and additionally provides a range of other services and platforms with social and copy trading. So each supports automated as well as discretionary trading (and AAAFx offers a web trader for this), with ECN trading services. AAAFx is regulated by the HCMC in Greece and Pepperstone is regulated by the FCA in the United Kingdom and the ASIC in Australia.

Quick comparison

Both are ECN MT4 brokers. Pepperstone provides cTrader and MT5, while AAAFx has the ZTP web trader.

Minimum deposit and account types

The minimum deposit for AAAFx is $300 or €250 or £200 or ¥35,000 or AU$370 and the minimum deposit for Pepperstone is $200 or AU$200 or £200.

  • AAAFx offers an Islamic account in addition to its regular account. For deposits higher than $100,000, AAAFx offers Institutional accounts.
  • Pepperstone provides four account types. These are Standard, Razor, Islamic (Swap Free) and Active Traders.
  • Pepperstone's Standard and Islamic accounts do not charge commissions and hence offer higher spreads as they include a mark up. The Razor account charges commissions and allows scalping.
  • Pepperstone's Active Traders account is for active traders and institutions depositing at least $25,000 and trading at least 250 lots a month. It offers EDGE ECN Execution, a dedicated relationship manager, a segregated customer account, advanced reporting, VPS hosting services and custom solutions.

Markets

  • AAAFx offers CFD trading in 55+ markets covering Forex, Indices, Energy, Cryptocurrencies, Metals and Bonds.
  • Pepperstone offers 150+ markets covering Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks and Soft Commodities.

Cryptocurrency CFDs

  • AAAFx offers trading in Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.
  • Pepperstone offers trading in Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Dash.

Spreads and leverage

  • Spreads at AAAFx are variable and start from 0.2 for EUR/USD, 1 for UK100, 0.34 for Gold and 0.05 for US Oil.
  • Spreads at Pepperstone are variable and are from 0.0 for EUR/USD, 1 for UK100, 0.6 for Gold and 0.05 for US Crude Oil. For the Standard account EUR/USD spreads are from 1.

Maximum leverage for AAAFx is . Maximum leverage for Pepperstone (FCA regulated) is .

Commissions

AAAFx charges a commission of $10 per lot per side for Forex and $8 for CFDs. It is possible to request no commissions trading, with a resulting increase in spreads. The Institutional account charges commissions of $3 per lot per side for transaction where USD is the currency base.

Pepperstone charges a commission of $3.76 or AU$3.5 or €2.61 per lot per side on the Razor account, depending on the account currency. cTrader commissions are 7 units per lot round trip of the first quoted currency in the traded currency.

Platforms

AAAFx makes available ZTP and MetaTrader4 (MT4). All of these platforms allow for trading automation and are available as mobile applications.

Pepperstone provides the MT4 and MT5 platforms which support trading automation. MT4 and MT5 are available for desktop, mobile and tablets. Pepperstone also provides Smart Trader Tools by Pepperstone, for MT4 and MT5. These tools include assistance with making trading decisions and indicators.

Pepperstone additionally offers cTrader, which provides ECN connections, with Level II pricing. cTrader is available as a web trader, on mobile and supports trading automation.

Each broker allows the trader to connect with ZuluTrade, allowing the trader to trade with social trading and to copy trade. Pepperstone additionally offers other social and copy trading services.

Why AAAFx or Pepperstone ?

Both are ECN brokers offering MT4. AAAFx has a web trader ZTP, and Pepperstone offers MT5 and cTrader. These brokers have this similarity, they are ECN broker which support both trading with robots and trading with social and copy trading. Pepperstone has more markets to trade, including Stocks CFDs on MT5.

Comparison summary

  • Both brokers offer CFD trading
  • Each has ECN trading
  • Both have accounts which may offer very low spreads plus a commissions charge
  • Pepperstone also offers an STP account with no commissions charge
  • Pepperstone has more markets including Stocks CFDs on MT5
  • Both support social and copy trading via the ZuluTrade platform
  • Pepperstone additionally offers other social and copy trading services
  • Both offer MT4
  • Pepperstone additionally provides MT5 and cTrader
  • AAAFx additionally offers the ZTP web trader
  • Both brokers support trading with robots on all their platforms

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