Compare Pepperstone vs RoboMarkets - Online Brokerage Comparison

Compare Pepperstone vs RoboMarkets

Pepperstone vs RoboMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader150+FCA, ASIC
$100MT4, MT5, R Trader11,000+CySEC

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, from ECN to a Cent account.

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.

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 £200. 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 offers a range of services and platforms which support social and copy trading. Pepperstone says that latency is as low as 30ms. 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 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. The minimum trade size is 0.0001 lots. RoboMarkets provides a range of tools including analysis, an economic calendar, webinars and education. It offers the R Trader Strategy Builder for building robots. EAs and scalping are allowed at RoboMarkets.

Markets

  • Pepperstone offers Forex, Indices, Cryptocurrencies, Energy, Stocks, Metals and Soft Commodities, with 150+ available.
  • RoboMarkets offers Forex, Indices, Cryptocurrencies, Energy, Stocks, Metals, Soft Commodities and ETFs, for a total of 11,000+.

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

Both brokers offer low spreads plus a commission charge. Pepperstone additionally provides Forex spreads from 1 without a commission charge, while RoboMarkets offers Forex spreads from 1.3 without a commission charge.

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.

Online trading platforms

Both brokers offer MT4 and MT5. Pepperstone additionally provides cTrader. RoboMarkets additionally offers 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. Traders who execute their own trades may use either broker. R Trader is a user friendly trading platform with a very large offering of markets, in particular Stocks CFDs. cTrader is also a user friendly platform. R Trader, cTrader, MT4 and MT5 offer automated trading with robots (R Trader lets the trader run robots on the cloud without needing a VPS). Both brokers allow the trader to use social and copy trading. Trader who want to trade with small trade sizes may use the Cent account at RoboMarkets.

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)
  • RoboMarkets offers more Stocks CFDs
  • Each offers MT4 and MT5, Pepperstone also provides cTrader
  • RoboMarkets additionally offers R Trader
  • Both brokers allow copy trading and trading with robots
  • RoboMarkets has a Cent account, with small trade sizes

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