Markets.com vs Pepperstone Comparison

Markets.com vs Pepperstone Broker Comparison

Markets.com versus Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, MT5, Web Trader & Apps2000+ASIC, CySEC, FSCA
$200MT4, MT5, cTrader95+FCA, ASIC

Markets.com and Pepperstone Comparison

Markets.com offers fixed spreads trading and a relatively large number of CFDs to trade. Pepperstone is an ECN broker with variable spreads and a smaller number of CFDs. However both brokers offer a range of markets. Pepperstone is regulated by the FCA in the United Kingdom and by the ASIC in Australia. Markets.com is operated by Safecap Investments Limited which is regulated by the CySEC in Cyprus and the FSCA in South Africa. Markets.com Australia is operated by Tradetech Markets (Australia) Pty Ltd which is regulated by the ASIC in Australia. Markets.com Africa is operated by TradeTech Markets (South Africa) which is regulated by the FSCA in South Africa.

Quick comparison

Both brokers offer a range of platforms: each has MT4 and MT4, Pepperstone is an ECN broker and has cTrader and Markets.com has a web trader and apps and more markets.

Minimum deposit and account types

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

  • Markets.com provides three account types, Classic, Standard and Premium, depending on the deposit, and an Islamic account. The minimum initial deposit is $100 for the Classic and Islamic accounts, $2,500 for the Standard account and $20,000 for the Premium account.
  • All three Markets.com account types come with daily analysis, tutorials, customer support and webinars. The Standard account also comes with a dedicated account manager, SMS news and signals, and premium daily analysis. Markets.com's Premium account also comes with premium customer support.
  • Pepperstone offers four account types. These are Standard, Razor, Islamic (Swap Free) and Active Traders.
  • 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 provides trading guides, a market review and an economic calendar its website.
  • 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

  • Markets.com offers Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals, Stocks, ETFs and Bonds, with 2000+ available.
  • Pepperstone offers Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies and Metals, with 95+ available.

Cryptocurrency CFDs

  • Markets.com offers trading in Bitcoin Futures, Ethereum, Litecoin, Bitcoin Cash, Dash and Ripple.
  • Pepperstone offers trading in Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dash and Ripple.

Spreads and leverage

  • Spreads at Pepperstone are variable and are from 0.0 for EUR/USD (with an average of 0.2), 1 for UK100, 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).
  • Markets.com's spreads are fixed under normal market conditions, from 2 pips for EUR/USD, 1.2 for the UK100, 0.7 for Gold and 0.03 for US Crude Oil.

Maximum leverage for Markets.com operated by Safecap Investments Limited (CySEC regulated) is . Maximum leverage for Pepperstone (FCA regulated) is .

Commissions

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.

Markets.com does not charge commissions.

Platforms

Pepperstone provides MT4, available for desktop, mobile and tablets and a web trader. Pepperstone also provides Smart Trader Tools by Pepperstone, for MT4. These tools include assistance with making trading decisions and indicators.

Pepperstone also offers cTrader, which provides ECN connections, with Level II pricing. cTrader is available as a WebTrader on mobile and with cAlgo (for trading automation).

Markets.com offers MT4 and a webtrader. Markets.com's web trader platform provides 90 technical indicators, time frames from 1 minute to 1 month and candlestick, line charts and bar charts.

Why Markets.com or Pepperstone ?

Markets.com has many more markets available on its web trader, however they are more comparable when MT4 is compared. Markets.com also provides MT5, while Pepperstone is an ECN broker and also offers cTrader.

Comparison summary

  • Markets.com provides fixed spreads
  • Pepperstone offers variable spreads
  • Pepeprstone's variable spreads can be with or without a commission charge
  • Pepperstone's Forex spreads with a commission charge can be very low
  • Both brokers offer MT4
  • Pepperstone also provides cTrader
  • Markets.com also offers MT5
  • Markets.com provides a web trader and apps, Pepperstone offers a web trader based on MT4

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