Compare FXOpen vs Pepperstone

Compare FXOpen vs Pepperstone

FXOpen vs Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT465+FCA, ASIC, FSRC
$200MT4, MT5, cTrader95+FCA, ASIC

FXOpen vs Pepperstone Comparison

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

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

Both provide a range of cryptocurrencies to trade. FXOpen is regulated by the FCA in the United Kingdom, the ASIC in Australia and the FSRC in Nevis. Pepperstone is regulated by the FCA and the ASIC.

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 are ECN brokers. Both offer MT4. Pepperstone also provides MT5 and cTrader.

Minimum deposit and account types

The minimum deposit for FXOpen is €/$300 or £200. The minimum deposit for Pepperstone is $200 or $AU200 or £200.

  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's 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. 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 account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the STP account, FXOpen provides Forex and Precious Metals, for a total of 50+.
  • On the Crypto account, FXOpen offers Forex, Cryptocurrencies and Precious Metals, for a total of 55+.
  • Pepperstone offers Forex, Indices, Energy, Cryptocurrencies, Metals and Soft Commodities, with 95+ available.

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

Cryptocurrency CFDs

  • FXOpen offers Bitcoin, Ethereum, Litecoin, DASH, Bitcoin Cash, Ripple, NEO, OMNI, Monero, IOTA, EOS, Ethereum Classic, Namecoin, Peercoin and Emercoin.
  • Pepperstone offers Bitcoin, Ethereum, Litecoin, DASH, Bitcoin Cash and Ripple.

Spreads and leverage

  • Spreads at FXOpen are variable and are from 0.0 for EUR/USD, 0.0 for UK 100, 0.0 for Gold and 0.0 for US Crude Oil (all plus commission). The STP account has higher spreads.
  • Spreads at Pepperstone are variable and are from 0.0 for EUR/USD (with an average of 0.2) plus a commission charge, from 0.6 for Gold and 0.05 for US Crude Oil. For the Standard account EUR/USD spreads are from 1 (with an average of 1.2) without a commission charge.

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

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.

Platforms

FXOpen offers MT4 desktop, MT4 apps and an MT4 based web trader. Pepperstone provides MT4, MT5 and cTrader desktop, MT4, MT5 and cTrader apps and an MT4 based web trader.

Why FXOpen or Pepperstone ?

Each has MT4 and ECN trading. Pepperstone additionally offers cTrader and MT5. Thus Pepperstone offers more platforms for ECN trading.

Comparison summary

  • These are each ECN bokers
  • They can provide low spreads plus a commission charge
  • Each also offers STP trading, with no commission charge
  • These brokers provide cryptocurrency ECN trading
  • Each has a competitive commission charge
  • FXOpen has a variable commission charge, depending on volume traded
  • Both are FCA and ASIC regulated
  • Each provides MT4, Pepperstone also offers MT5 and cTrader

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