Broker to Trading

Pepperstone and FXOpen are both brokers which can offer very low spreads, plus a commission charge. They can also provide higher spreads, without a commission charge, depending on the account used.

They each source prices from liquidity providers and provide no dealing desk trading conditions, allowing styles such as scalping, news trading and automated trading.

ECN conditions

These are each no dealing desk and neither restricts trading styles, thus news trading, scalping and automated trading is allowed.

Quick comparison

Both offer MT4 and MT5. Pepperstone also provides cTrader and TradingView, while FXOpen also offers TickTrader.

Minimum deposit and account types

The minimum deposit for FXOpen is $1. The minimum deposit for Pepperstone is $200 or $AU200 or £200.

FXOpen offers ECN, STP, Micro and Crypto account types. The minimum deposit is $1 for the Micro account, $10 for the STP and Crypto accounts and $100 for the ECN account. The ECN account charges commissions on its markets, the STP does not charge commissions. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). FXOpen supports social and copy trading via ZuluTrade and Myfxbook. The minimum trade size is 0.0001 lots on the Micro account. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
Pepperstone provides trading guides, a market review and an economic calendar its website. 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.

Markets

• FXOpen offers Forex, Indices, Energy, Cryptocurrencies, Stocks and Metals, with 600+ available.
• Pepperstone offers Forex, Indices, Energy, Cryptocurrencies, Stocks, Metals and Soft Commodities, with 1000+ available.

FXOpen provides 45+ Forex pairs, Pepperstone provides 60+ Forex pairs.

Cryptocurrency CFDs

• FXOpen offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, EOS, Dashcoin, IOTA, Ethereum Classic, Emercoin, Monero and NEO CFDs.
• Pepperstone offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, EOS, Dash, Cardano, Chainlink, Dogecoin, Binance Coin, Polkadot, Stellar, Uniswap, Tezos, Solana, Polygon, Avalanche and Terra CFDs.

Spreads

• Both brokers offers Forex spreads from 0 plus a commission charge.

Commissions

• For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
• 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

FXOpen offers MT4, MT5 and TickTrader. Pepperstone provides MT4, MT5, cTrader and TradingView.

Why FXOpen or Pepperstone ?

Traders who want to trade with spreads from 0, plus a commission charge can do so at either broker. Those who want to trade on MT4 or MT5 may also do so at either broker. Traders who want to trade on cTrader or TradingView can find these platforms at Pepperstone and those who want to trade on TickTrader can find this platform at FXOpen. Traders who want to trade on a Cent account with a low ($1) minimum deposit can do so at FXOpen.

Comparison summary

• Both brokers provide CFD trading
• Each offers MT4 and MT5
• FXOpen additionally offers TickTrader
• Pepperstone additionally provides cTrader and TradingView
• FXOpen has a Cent account with a $1 minimum deposit