ETX Capital vs Pepperstone Comparison

ETX Capital vs. Pepperstone Broker Comparison

ETX Capital versus Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, ETX TraderPro5000+FCA
$200MT4, MT5, cTrader95+FCA, ASIC

ETX Capital and Pepperstone Comparison

ETX Capital offers a large number of products to trade, across a range of markets. Pepperstone also offers a range of markets to trade, but has a much smaller number of products available. Pepperstone is an ECN broker and does not offer Stocks CFDs, and has a competitive number of total markets for this kind of broker. ETX Capital does offer Stocks CFDs (and in the UK for spread betting) and offers a large number of them on its web trader (it has a smaller number of markets on MT4, but more than Pepperstone). ETX Capital provides both CFD trading and spread betting.

ETX Capital can offer tighter Forex spreads, for trading without a commission charge, while Pepperstone can also offer very low ECN spreads with a commission charge, along with STP/ECN spreads without a commission charge. ETX Capital and Pepperstone are both regulated by the FCA in the United Kingdom. Pepperstone is additionally regulated by the ASIC in Australia.

Quick comparison

ETX Capital has a web trader and apps, offering a relatively large number of markets to trade. Pepperstone is an ECN broker, with a smaller number of markets offering MT4 (like ETX Capital), MT5 and cTrader.

Account types and minimum deposit

The minimum deposit for ETX Capital is £/$100. The minimum deposit for Pepperstone is $200 or £200 or $AU200.

  • ETX Capital provides a range of features including webinars and seminars. For a minimum first deposit of £/$/€1,000, T&Cs apply, ETX Capital offers a dedicated account manager, news and updates from Trading Central and a free 8 hour trading course to be taken within 6 months.
  • 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'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.

Markets

  • ETX Capital offers on ETX TraderPro Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals, Stocks, Bonds, ETFs and Interest Rates, with 5000+ available.
  • ETX Capital offers on MT4 Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals and Stocks, with 200+ available.
  • Pepperstone offers Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies and Metals, with 95+ available.

Cryptocurrency CFDs

  • ETX Capital provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple (as CFDs or for spread betting).
  • Pepperstone provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Dash.

Spreads and leverage

  • ETX Capital offers variable spreads from 0.6 for EUR/USD, from 1 for the UK100, from 0.4 for Gold and from 0.05 for US Crude Oil.
  • Pepperstone offers variable spreads from 0.0 for EUR/USD, 1 for UK100, 0.6 for Gold and 0.05 for US Crude Oil. For the Standard account EUR/USD spreads are from 1, UK100 is also 1, Gold is also 0.2 and US Crude Oil is also 0.05.

The maximum leverage for ETX Capital is . The maximum leverage for Pepperstone (FCA regulated) is .

Commissions

  • ETX Capital does not charge commissions, except for CFD Shares trading (from 0.1%).
  • 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.

Platform

ETX Capital offers its ETX TraderPro web trader and apps and MT4. These platforms are available on desktop, tablet and mobile.

Pepperstone provides MT4 and MT5, available for desktop, mobile and tablets. Pepperstone also offers cTrader, which provides ECN connections, with Level II pricing. cTrader is available as a web trader on mobile and with cAlgo (for trading automation).

Why ETX Capital or Pepperstone ?

ETX Capital and Pepperstone offers CFD trading. In the UK ETX Capital also provides spread betting. On its web trader, ETX Capital can provide many more markets, but they have a comparable number on MT4. Pepperstone is an ECN broker, and also offers MT5 and cTrader.

Comparison summary

  • ETX Capital provides a wide range of Share CFDs, helping to create a relatively large product offering
  • Pepperstone does not offer Shares and has a competitive number of products on offer for an ECN broker
  • Except for Share CFDs, ETX Capital does not charge commissions
  • Pepperstone can offer very low ECN spreads, with a commission charge and higher spreads without a commission charge
  • Pepperstone can welcome all trading styles and is a no dealing desk broker, while ETX Capital is a dealing desk broker
  • Each supports automated trading
  • Pepperstone provides high speed no dealing desk order execution
  • Both offer MT4
  • ETX Capital provides ETX TraderPro
  • Pepperstone offers MT5
  • Both brokers are regulated in the UK

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