Pepperstone vs. Z.com Trade Broker Comparison

Pepperstone vs. Z.com Trade Broker Comparison

Pepperstone versus Z.com Trade Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader95+FCA, ASIC
$50MT475+FCA

Pepperstone and Z.com Trade Comparison

Both of these brokers provide MT4. Pepperstone also offers MT5 and cTrader. These brokers provide ECN trading, with low Forex spreads plus a commission charge. For a higher minimum deposit, Z.com Trade offers a lower commission charge (on its ECN Pro account).

Both brokers also provide variable spread accounts with no commission charged. Pepperstone is regulated by the FCA in the United Kingdom and by the ASIC in Australia and Z.com Trade is regulated by the FCA in the United Kingdom.

Very quick comparison

These are MT4 ECN brokers. Pepperstone also provides MT5 and cTrader.

Minimum deposit and account types

The minimum deposit for Pepperstone is AU$/$200 or £200. The minimum deposit for Z.com Trade is $/€/£50.

  • 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. Pepperstone uses Equinix's NY4 (New York) Data Centre. The minimum trade size is 0.1 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.
  • Z.com Trade offers three account types for retail traders, Classic, ECN and ECN Plus. The minimum deposit for the Classic and ECN accounts is $/€/£50. The minimum deposit for the ECN Plus account is $/€/£10,000. The ECN Plus account has lower commission charges. The Classic account does not have a commission charge. Z.com Trade allows scalping, hedging and EAs. Z.com Trade uses Equinix's LD4 (London) Data Centre. All account types have a minimum trade size of 0.01 lots.
  • Z.com Trade offers an 'Educational and Analytical Portal' which provides trading strategies and signals, educational courses, the capacity to chat with an analyst, a technical and fundamental analysis feed, market analysis and news updates.

Markets

  • Pepperstone offers 95+, covering Forex, Indices, Energy, Cryptocurrencies, Metals and Soft Commodities.
  • Z.com Trade offers 75+, covering Forex, Indices, Energy, Cryptocurrencies and Precious Metals.

Pepperstone provides 60+ Forex pairs, Z.com Trade provides 55+ Forex pairs.

Cryptocurrency CFDs

  • Pepperstone offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash and Dash.
  • Z.com Trade offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

  • Spreads at Pepperstone are variable and are from 0.0 for EUR/USD (with an average of 0.2) plus commission, 1 for UK100, 0.6 for Gold and 0.05 for US Crude Oil. For the Standard account EUR/USD spreads are from 1 (without a commission charge).
  • On Z.com Trade's Classic account, spreads are variable from 1.0 for EUR/USD. On Z.com Trade's ECN accounts, spreads are variable, with a typical spread of 0.1 for EUR/USD, 1.5 for UK100, 0.09 for Gold and 0.03 for US Crude Oil.

Maximum leverage for Pepperstone (FCA regulated) is . The maximum leverage for Z.com Trade is .

Commissions

  • Peppertone 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.
  • Z.com Trade charges commission of $4 per lot per side on its ECN account, and $2.5 per lot per side on its ECN Plus account.

Platforms

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

Z.com Trade offers the MT4 trading platform, which includes support for trading automation. MT4 is available for desktop, mobile and tablet.

The minimum trade size for Pepperstone is 0.01 lots, the minimum trade size for Z.com Trade is 0.01 lots.

Why Pepperstone or Z.com Trade ?

These are ECN brokers, using Equinix infrastructure for high speed order transmission, both providing MT4. Pepperstone also offers cTrader and MT5.

Comparison summary

  • Pepperstone and Z.com Trade are ECN brokers offering ECN caliber variable Forex spreads plus a competitive commission charge
  • Z.com Trade can provide lower Forex commission charges with a higher minimum deposit or volume requirement on its ECN Pro account
  • Both brokers offer STP/ECN accounts with no commission charge
  • Both brokers offer a range of markets
  • Each broker allows scalpers and EAs
  • Both brokers are FCA regulated, Pepperstone is also ASIC regulated
  • These brokers offer MT4, Pepperstone also provides MT5 and cTrader

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