Pepperstone vs. UFX Broker Comparison

Pepperstone vs. UFX Broker Comparison

Pepperstone versus UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader95+FCA, ASIC
$100MT4, ParagonEx450+CySEC

Pepperstone and UFX Comparison

Pepperstone is an ECN broker, with very low variable spreads and a commission charge added. It also provides an STP/ECN account which can have higher Forex spreads. UFX is an STP broker, with fixed spreads offers crowd trading on ParagonEx. Pepperstone is regulated by the FCA in the United Kingdom and the ASIC in Australia. UFX is regulated by the CySEC in Cyprus.

Quick comparison

Pepperstone is an ECN broker offering MT4, MT5 and cTrader. UFX provides ParagonEx with a crowd trading news feed and also offers MT4.

Minimum deposit and account types

The minimum deposit for Pepperstone is $200 or AU$200 or £200 and the minimum deposit for UFX is $100. Both brokers offer Islamic accounts.

  • Pepperstone offers four account types. These are Standard, Razor, Islamic (Swap Free) and Active Traders.
  • The 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.
  • 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.
  • UFX provides six account types, Micro/Mini, Mini, Standard, Gold, Platinum and Islamic. The minimum initial deposit is $100 for the Micro/Mini account, $500 for the Mini account, $1000 for the Islamic and Standard accounts, $5000 for the Gold account and $10,000 for the Platinum account. The minimum trade size ranges from 0.0025 lots for the Micro/Mini account to 1 lot for the Platinum account.
  • All UFX account types have daily market reviews, a video library, daily recommendations and 24hr live support. All except the Micro/Mini account provide a personal trading coach. Standard, Gold and Platinum accounts also have VIP trading support and exclusive updates. Gold and Platinum additionally provide SMS trading alerts and access to MT4.

Thus UFX provides account services such as training and improved feature offering with higher deposits. Pepperstone offers services which could be seen as focused on ECN styles of trading, in return for a higher deposit.

Trading styles

Pepperstone does not restrict trading styles, but UFX has a one minute wait before positions can be closed.

Markets

  • Pepperstone offers 95+ covering Forex pairs, Indices, Energy, Soft Commodities, Metals and Cryptocurrencies.
  • UFX offers 450+ covering Forex pairs, Indices, Energy, Soft Commodities, Precious Metals, Stocks and ETFs.

Cryptocurrency CFDs

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

Spreads and leverage

  • Spreads at Pepperstone are variable and are from 0.0 for EUR/USD, 1 for UK100, 0.6 for Gold and 0.05 for US Crude Oil. For the Standard STP/ECN account EUR/USD spreads are from 1.
  • Spreads at UFX are fixed under normal market conditions but vary according to the account type. The lowest spreads are for the Platinum account at 2 for EUR/USD, 0.50 for Gold and 0.05 for US Crude Oil. For the Micro/Mini account spreads are 4 for EUR/USD, 0.75 for Gold and 0.11 for US Crude Oil. For the Standard account spreads are 3 for EUR/USD, 0.65 for Gold and 0.07 for US Crude Oil.

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

UFX does not charge a commission.

Platforms

Pepperstone provides MT4 and MT5. MT4 and MT5 are available for desktop, mobile and tablets. Pepperstone provides Smart Trader Tools by Pepperstone, for MT4 and MT5. These tools include assistance with making trading decisions and indicators. Pepperstone also provides cTrader.

UFX provides the ParagonEx web trader, the UFX Trader App for mobile and MT4. UFX supports crowd trading on the ParagonEx platform, with a news feed which includes news about market events and the reactions of traders to them.

Why Pepperstone or UFX ?

Pepperstone is an ECN broker offering MT4, MT5 and cTrader, while UFX provides a crowd trading news feed on ParagonEx and offers MT4.

Comparison summary

Pepperstone can be seen as having a focus on catering to ECN style trading, with an array of services and the MT4, MT5 and cTrader platforms. With the STP/ECN accounts, trading without a commission charge is also available.

UFX has a focus more on the provision of fixed spreads which can be lower with higher deposits, in a trading environment without commissions charged. As part of this, it provides crowd trading services with the ParagonEx platform. However for those who trade under one minute time frames, then Pepperstone would be need to be considered rather than UFX.

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