Compare Pepperstone vs USGFX

Compare Pepperstone vs USGFX

Pepperstone vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader150+FCA, ASIC
$100MT4, MT560+ASIC

Pepperstone and USGFX Comparison

These brokers each offer MT4 and MT5. Pepperstone additionally provides cTrader. Both brokers allow the use of online trading robots, EAs in the case of both and cBots in the case of Pepperstone. Pepperstone offers more markets to trade. Both brokers allow social and copy trading.

Both are regulated by the ASIC in Australia. Pepperstone is additionally regulated by the FCA in the United Kingdom.

ECN conditions

Both brokers use infrastructure to provide high speed order execution, using Equinix data centers. Neither broker restricts trading styles, allowing scalping, EAs and news trading.

Quick comparison

Both offer ECN trading on MT4 and MT5. Pepperstone also provides cTrader.

Minimum deposit and account types

The minimum deposit for Pepperstone is $200 or AU$200 or £200. The minimum deposit for USGFX is $100.

  • 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 offers social and copy trading via ZuluTrade and MetaTrader signals. 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.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest available on the VIP account. UGSFX support social and copy trading via ZuluTrade and Myfxbook. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which offers trading ideas), analysis, an economic calendar and an Education Center on its website with webinars, seminars, a trading guide and Blog and contests. A minimum deposit of $10,000 provides access to the Trader's Club which offers features including personalised coaching, market research and commentary, premium trading tools and services and structured education.

Markets

  • Pepperstone offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks and Soft Commodities, with 150+ available.
  • USGFX offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 60+ available.

Pepperstone has more Currency Pairs available, with 60+ available versus 20+ at USGFX.

Cryptocurrency CFDs

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

Leverage and spreads

Maximum leverage for Pepperstone (FCA regulated) is . Maximum leverage for Pepperstone (ASIC regulated) is 500:1. Maximum leverage for USGFX is 500:1, except on the Pro-ECN account where it is 100:1.

  • 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.
  • USGFX offers variable spreads. On the Mini account, EUR/USD is from 2.8, on the Standard account EUR/USD is from 2.2, on the Pro-ECN account EUR/USD is from 1.5 and on the VIP account EUR/USD is from 1.3.
  • USGFX offers Gold spreads from 0.50 on all accounts except VIP, where they are from 0.36. US Oil spreads are from 0.027, plus commission.

Commission charge

  • 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.
  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.

Online trading platforms

Both brokers offer MT4, MT5 on desktop and apps. Pepperstone also provides cTrader and a web trader based on MT4. USGFX also offers a web trader based on MT4.

Why Pepperstone or UGSFX ?

Pepperstone is an ECN broker, while USGFX offers STP/ECN trading (in practice this means that the trader can trade Forex with or without a commission charge at Pepperstone but without a commission charge at USGFX). USGFX offers lower spreads on account types requiring a higher minimum deposit. Each has MT4 and MT5. Pepperstone offers a wider range of trading platforms as it also provides cTrader. Pepperstone also has more markets to trade. The trader may trade with automated and non-automated trading strategies at either broker.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT4 and MT5
  • Pepperstone additionally provides cTrader
  • Pepperstone has more markets to trade

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