FXCC vs Pepperstone Comparison

Pepperstone vs FXCC Broker Comparison

FXCC versus Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT425+CySEC
$200MT4, MT5, cTrader95+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 provides four account types. These are Standard, Razor, Islamic (Swap Free) and Active Traders.
  • The Standard and Islamic accounts do not charge commissions. The Razor account charges commissions and allows scalping.
  • The 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.

Account currencies

FXCC accounts are available in GBP, USD and EUR. Pepperstone accounts are available in GBP, USD, EUR, AUD, CAD, JPY, NZD, CHF, SGD and HKD.

Markets

  • On the ECN Standard and the ECN XL account, FXCC offers 30, covering Forex and Precious Metals. On the ECN Advanced account, FXCC has 200+ markets.
  • Pepperstone offers 95+, covering Forex, Indices, Metals, Energy, Soft Commodities and Cryptocurrencies.

Spreads and leverage

  • Spreads at FXCC are variable and are from 0.1 for EUR/USD (with a typical range under normal market conditions of 0.2-0.6) and around 0.25 for Gold.
  • Spreads at Pepperstone are variable and are from 0.0 for EUR/USD (with an average of 0.2), 1 for UK100, 0.60 for Gold and 0.05 for US Crude Oil. For the Standard account EUR/USD spreads are from 1.
  • Maximum leverage for FXCC 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.

Platforms

Both brokers provide MT4, available for desktop, tablet and mobile. Pepperstone additionally offers MT5 and cTrader (and cAlgo), also available for desktop, tablet and mobile. FXCC and Pepperstone provide micro lot trading.

Why FXCC or Pepperstone ?

Each offers ECN trading and can offer an account which offers ECN caliber spreads without a commission charge (for higher minimum deposit). Both have MT4, while Pepperstone also offers MT5 and cTrader, supporting ECN trading on three platforms.

Comparison summary

  • Both brokers offer trading with a commission charge and trading without a commission charge
  • Pepperstone provides trading without a commission charge with higher Forex spreads
  • FXCC offers ECN trading without a commission charge on the ECN XL account
  • Both brokers allow scalping and automated trading
  • Both FXCC and Pepperstone provide MT4, Pepperstone also provides cTrader and MT5

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