FXCC vs Pepperstone Comparison

Pepperstone vs FXCC Broker Comparison
FXCC versus Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT425+CySEC
$200MT4, MT5, cTrader150+FCA, ASIC

FXCC and Pepperstone Comparison

Both of these are ECN brokers offering trading on MetaTrader 4 (MT4). Each allows the trader to use both automated and non-automated trading. As well as MT4, Pepperstone additionally provides the successor platform to MT4, MetaTrader 5 (MT5) and cTrader. On all these platforms the trader can trade with online trading robots or execute their own trades.

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

Quick comparison

Both offer MT4 ECN trading. Pepperstone also provides MT5 and cTrader.

Minimum deposit and account types

The minimum deposit for FXCC is $100 and the minimum deposit for Pepperstone is $200 or AU$200 or £200.

  • FXCC provides three account types. These are the ECN Standard account, the ECN XL account and the ECN Advanced account. FXCC's ECN XL account has a minimum deposit of $100, the ECN Standard account has a minimum deposit of $10,000 and the ECN Advanced account has a minimum deposit of $100,000.
  • All FXCC account types provide the MT4 platform, ECN/STP order execution, mobile trading, free technical analysis, SMS notifications, VPS, Economic Calendar and Trading Tools, allow Expert Advisors, scalping and hedging and provide a personal account manager. The ECN XL account additionally can offer zero commissions (T&Cs apply) and zero mark-up. The ECN Advanced account provides more markets to trade than the other account types (200+ vs 30). All trading styles are allowed at FXCC and a news feed and analysis is available on the website.
  • 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. Pepperstone says that latency is as low as 50ms. Pepperstone supports social and copy trading. 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

  • On the ECN Standard and the ECN XL account, FXCC offers 25+, covering Forex and Precious Metals. On the ECN Advanced account, FXCC has 200+ markets including Indices.
  • Pepperstone offers 150+, covering Forex, Indices, Metals, Energy, Soft Commodities, Stocks and Cryptocurrencies.

Spreads and leverage

Both brokers can offer low Forex spreads plus a commission charge. Pepperstone can additionally provide Forex spreads from 1 without a commission charge.

Maximum leverage for FXCC (CySEC regulated) is . Maximum leverage for Pepperstone (FCA regulated) is .

Commissions

  • FXCC's ECN XL account does not charge commissions.
  • FXCC's ECN Standard account charges commissions of 0.75 pips per lot per side for Forex and $7.5 per lot per side for Metals.
  • FXCC's ECN Advanced account charges commissions of 0.4 pips per lot per side for Forex and $4 per lot per side for Metals, Energy and Indices.
  • 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.

Online trading platforms

Both brokers offer MT4. Pepperstone additionally provides MT5 and cTrader. FXCC and Pepperstone offer micro lot trading.

Why FXCC or Pepperstone ?

Traders who want to trade on MetaTrader 4 (MT4) can find this platform at FXCC and Pepperstone. Traders who want to trade on MetaTrader 5 (MT5), the successor to MT4 can find this platform at Pepperstone, in addition to cTrader. Traders who want to trade on ECN accounts may do so at either broker. Traders who want to trade on an ECN account with no mark-up or commission charge can find the ECN XL account at FXCC.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT4
  • Pepperstone additionally provides MT5 and cTrader
  • FXCC offers its ECN XL account with no mark-up or commission charge
  • Pepperstone supports social and copy trading

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