Compare Pepperstone vs RoboMarkets - Online Brokerage Comparison

Compare Pepperstone vs RoboMarkets

Pepperstone vs RoboMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader95+FCA, ASIC
$100MT4, MT5, R Trader11,000+CySEC, IFSC

Pepperstone vs RoboMarkets Comparison

Both brokers offer ECN trading, with low spreads plus a commission charge. Pepperstone also offers STP trading, without a commission charge. RoboMarkets provides a range of account types, including ECN and non-ECN accounts. Both offer MT4 and MT5. RoboMarkets additionally provides R Trader. Pepperstone additionally provides cTrader.

Excluding R Trader, Pepperstone offers more markets, but with R Trader, RoboMarkets provides more. Pepperstone is regulated by the FCA in the United Kingdom and the ASIC in Australia. RoboMarkets is regulated by the CySEC in Cyprus and the IFSC in Belize.

ECN conditions

Each allows scalping, news trading and automated trading. Pepperstone makes use of Equinix NY4 and LD4 Data Centres.

Quick comparison

Both offer ECN trading on MT4 and MT5. Pepperstone also provides cTrader, RoboMarkets also offers cTrader. On R Trader, RoboMarkets can provide considerably more markets.

Minimum deposit and account types

The minimum deposit for Pepperstone is $200 or AU$200 or £100. The minimum deposit for RoboMarkets 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 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.
  • RoboMarkets offers accounts based around its three platforms, MT4, MT5 and R Trader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and Pro-ECN account. MT4 additionally offers a Fix-Cent, a Fix-Standard, and ECN-Pro NDD and an ECN-Fixed Spread NDD and an MT4 Prime account. RoboMarkets's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboMarkets also offers a CopyFX account (which supports transaction copying) and a RAMM account (which supports strategy copying).
  • RoboMarkets's minimum deposit for all accounts except MT4 Prime is $100. The minimum deposit for MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboMarkets offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboMarkets provides RoboForex Analytics on its website. This offers a range of tools including analysis, signals, videos and education. It offers StrategyQuant for building MT4 robots and the R Trader Strategy Builder.

Markets

  • Pepperstone offers Forex, Indices, Cryptocurrencies, Energy, Metals and Soft Commodities, with 95+ available.
  • RoboMarkets's Standard and ECN accounts offer Forex, Indices, Cryptocurrencies, Energy and Precious Metals, for a total of 45+.
  • On its R Trader account, RoboMarkets offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 11,000+.
  • RoboMarkets's Cent account offers Forex and Precious Metals, for a total of 35+.

Pepperstone provides 60+ Forex pairs, RoboMarkets provides 45+ Forex pairs (on R Trader).

Cryptocurrency CFDs

  • Pepperstone offers Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash and Ripple.
  • RoboMarkets offers Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, Ripple, EOS, Bitcoin Gold, Golem, IOTA, NEO, OmiseGO, Qtum and Monero.

Spreads and leverage

  • 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.
  • On RoboMarkets's Pro-Cent and Pro-Standard accounts, the average spread for EUR/USD is 1.6 and Gold 2.23. On the ECN accounts the minimum spread for EUR/USD is 0.1, Gold 0.8 and US Crude Oil 0.01. On the Prime account, the minimum spread for EUR/USD is 0.0, Gold 0.4 and US Crude Oil 0.01

Maximum leverage for Pepperstone (FCA regulated) is . Maximum leverage for RoboMarkets (CySEC 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.
  • RoboMarkets commission are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.

Platforms

Pepperstone provides MT4, MT5 and cTrader desktop, MT4, MT5 and cTrader apps and an MT4 based web trader. RoboMarkets offers MT4 and MT5 desktop, MT4 and MT5 apps, an MT4 web trader and R Trader.

Why Pepperstone or RoboMarkets ?

Both offer ECN trading and MT4 and MT5. RoboMarkets also provides a web trader, R Trader, which has many more markets.

Comparison summary

  • Each offers ECN trading
  • Both can provide trading with or without a commission charge
  • RoboMarkets can offer more markets overall (with R Trader)
  • Pepperstone has a wider range of markets
  • RoboMarkets offers Stocks CFDs
  • Each offers MT4 and MT5, Pepperstone also provides cTrader
  • RoboMarkets additionally offers R Trader

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