FXTM vs. Pepperstone Broker Comparison

FXTM vs. Pepperstone Broker Comparison

FXTM and Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$10MT4, MT5250+FCA, CySEC, FSCA, FSC
$200MT4, MT5, cTrader150+FCA, ASIC

FXTM and Pepperstone Comparison

Pepperstone is an ECN broker. FXTM offers both ECN accounts and Standard accounts (Standard have instant execution). Pepperstone provides a wider range of markets to trade, though FXTM can offer a greater number overall, when Stocks CFDs on MT5 are counted.

While FXTM provides a range of account types (including a Cent account with small trade sizes), Pepperstone has a focus on the provision of ECN trading, with fast order execution and no restrictions on trading styles.

Both brokers are regulated by the FCA in the United Kingdom. FXTM is additionally regulated by the CySEC in Cyprus and the FSC in Mauritius and is licensed by the FSCA in South Africa. Pepperstone is additionally regulated by the ASIC in Australia.

Quick comparison

Pepperstone is an ECN broker. FXTM has a range of accounts, including ECN and Cent. Both offer MT4 and MT5. Pepperstone also offers cTrader.

Minimum deposit and account types

The minimum deposit for FXTM is $10 and for its ECN accounts is $200. The minimum deposit for Pepperstone is $200 or AU$200 or £200.

  • FXTM offers three Standard account types: Standard, Cent and Shares and three ECN accounts: ECN, ECN Zero and Pro. The minimum deposit for the Cent account is $/€/£10, for the Standard and Shares accounts $/€/£100, for the ECN Zero account $/€/£200, for the ECN account $/€/£500 and for the Pro account the minimum deposit and minimum account balance is $/€/£25,000. The Pro account offers spreads from 0 without a commission charge. FXTM offers Market Analysis and Education on its website. Copy Trading is available via FXTM Invest. The minimum trade size is 0.0001 lots.
  • Pepperstone offers four account types. These are Standard, Razor, Islamic (Swap Free) and Active Traders. Pepperstone offers a Weekly Market Review. Social and copy trading is available via ZuluTrade and MetaTrader Signals.
  • 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.

Both brokers allow scalping.

Markets

  • FXTM offers Forex, Metals, Energy, Indices and Stocks, with 250+ available.
  • Pepperstone Forex, Metals, Energy, Indices, Stocks, Soft Commodities and Cryptocurrencies, with 150+ available.

Spreads and leverage

On FXTM's Standard account, Forex spreads are from 1.3 without a commission charge. On FXTM's ECN account, Forex spreads are from 0.1 plus commission (on FXTM's Pro account spreads are from 0 without a commission charge). On Pepperstone's ECN accounts, Forex spreads are from 0 plus commission. On Pepperstone's Standard account, Forex spreads are from 1 without a commission charge.

Maximum leverage for FXTM (FCA or CySEC regulated) is . Maximum leverage for Pepperstone (FCA regulated) is .

Commissions

  • FXTM charges a commission starting at $2 per lot per side, depending on the equity in the account and the volume traded. The commission is charged for the ECN account.
  • 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 offer MT4 and MT5. Pepperstone additionally provides cTrader.

FXTM and Pepperstone provide micro lot trading, however on its Cent account, FXTM can offer smaller trade sizes (down to 0.0001 lots).

Why FXTM or Pepperstone ?

Traders who want to trade on MetaTrader 4 (MT4) or its successor MetaTrader 5 (MT5) on ECN accounts may do so at either broker. Those who want to trade with very small trade sizes (smaller then a standard lot) can do this at XM, on its Micro (cent) account, which also has a very low minimum deposit of $10. Those who want to trade Stocks CFDs can do this at either broker on MT5, but XM has considerably more. As well as MT4 and MT5, Pepperstone offers cTrader, which is a relatively user friendly platform.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers ECN accounts
  • FXTM has a Cent account, with very low trade sizes
  • On its Cent account, FXTM has a low minimum deposit ($10)
  • Both offer MT4 and MT5
  • Pepperstone supports social and copy trading
  • Each provides Stocks CFDs on MT5, though XM has considerably more
  • Pepperstone additionally offers cTrader

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