Binary.com vs Pepperstone - Trading Brokerage Comparison

Binary.com vs Pepperstone | Online Brokerage Comparison

Binary.com vs Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
NoneWeb Trader & Apps, MT550+MFSA, VFSC
$200MT4, MT5, cTrader150+FCA, ASIC

Binary.com vs Pepperstone Comparison

Both of these brokers offer CFD trading on MetaTrader 5 (MT5). MT5 is the successor platform to MetaTrader 4 (MT4). Pepperstone also offers MT4 and cTrader. Binary.com also provides its SmartTrader platform.

Pepperstone can offer a wider range of CFDs to trade, as it has Stocks CFDs. Both brokers offer Cryptocurrency CFDs. Pepperstone has a wider range, though Binary.com can provide 24/7 trading of Cryptocurrency CFDs (on MT5).

Binary.com offers a lower minimum deposit for MT5 than Pepperstone (none vs $200). Both brokers provide micro lot trading (0.01 lots).

Binary.com is regulated by a range of bodies including the MFSA in Malta and the VFSC in Vanuatu.

Pepperstone is regulated by the FCA in the United Kingdom and the ASIC in Australia.

Quick comparison

Both offer MT5. Pepperstone additionally provides MT4 and cTrader. Binary.com offers 24/7 trading.

Minimum deposit and key account features

The minimum deposit to use Binary.com's web trader is $5, but there is no minimum deposit to use MT5. The minimum deposit for Pepperstone is $200.

  • Binary.com offers a range of features on its website including webinars, an Economic Calendar and TradingView. When the trader has opened their account they gain access to the SmartTrader platform and can then open MT5 accounts. These accounts can include a Standard account, an Advanced STP account and a Synthetic Indices account (different accounts can be available in different countries). The minimum trade size is 0.01 lots.
  • Pepperstone offers four account types. These are Standard, Razor, Islamic (Swap Free) and Active Traders. Pepperstone provides Trading Guides, a Market Review and an Economic Calendar its website and offers Autochartist. Pepperstone says that latency is as low as 30ms. The minimum trade size is 0.01 lots.
  • 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

  • Binary.com offers trading on MT5 in Forex, Commodities, Indices and Cryptocurrencies, with 50+ available. It also offers 24/7 trading in simulated markets. The markets available can vary in different countries.
  • Pepperstone offers Forex, Commodities, Indices, Cryptocurrencies and Stocks, with 150+ available.

Cryptocurrency CFDs

  • Binary.com offers Bitcoin, Ethereum, Litecoin, Ripple, DASH, Bitcoin Cash, EOS and Emercoin.
  • Pepperstone offers Bitcoin, Ethereum, Litecoin, Ripple, DASH and Bitcoin Cash.

Leverage

Maximum leverage for Binary.com on CFDs on MT5 (MFSA regulated) is . Maximum leverage for Binary.com (VFSC regulated) on CFDs on MT5 is 100:1. Maximum leverage for Pepperstone (FCA regulated) is . Maximum leverage for Pepperstone (ASIC regulated) is 500:1.

Platforms

Binary.com offers its SmartTrader web trader and MT5. Pepperstone provides MT5, MT4 and cTrader. Both brokers offer mobile apps.

Why Binary.com or Pepperstone ?

Traders who wish to trade at an ECN broker on MT4, MT5 and cTrader, may do so at Pepperstone. Binary.com offers an STP account (its Advanced MT5 account) though this is not available in all countries. On MT5, Binary.com provides 50+ CFDs on real markets to trade. Pepperstone offers 150+ markets to trade on MT5. On its Standard CFD account, Binary.com provides 24/7 trading on MT5 of Cryptocurrency CFDs, though Pepperstone also offers Cryptocurrency CFDs on MT5, if not 24/7 (i.e. Sunday - Friday). Binary.com additionally provides simulated markets to trade 24/7.

Comparison summary

  • Both brokers offer CFD trading
  • Each provides MT5
  • Pepperstone additionally offers MT4 and cTrader
  • Pepperstone is an ECN broker
  • Binary.com has an STP MT5 account
  • Both brokers offer Cryptocurrency CFDs to trade
  • Binary.com offers 24/7 MT5 Cryptocurrency CFD trading
  • Pepperstone provides Stocks CFDs to trade on MT5
  • Binary.com has a lower minimum deposit

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