vs Pepperstone - Online Brokerage Comparison vs Pepperstone vs Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$50MT4, Advanced Trading Platform, Web Trader300+FCA, ASIC, CFTC, IIROC, SFC, CIMA, FSA
$200MT4, MT5, cTrader150+FCA, ASIC and Pepperstone Comparison

Both of these provide MT4 and have a similar number of markets to trade on it. However on MT4, Pepperstone has a wider range. Pepperstone is a no dealing desk ECN broker with a focus on low latency order execution. commits to providing low latency order execution on MT4 (it is not an ECN broker and does not charge Forex commissions). On its other platforms, can offer more markets.

Given its provision of the user friendly Web Trader platform and the downloaded Advanced Trading Platform, could be seen having an added focus traders who execute their own trades. With its ECN order execution, and provision of cTrader and MT5, Pepperstone could be seen having an extra focus on automated trading, though each supports both. and Pepperstone are both regulated by the FCA in the United Kingdom and the ASIC in Australia. is additionally regulated by the CFTC in the United States, the IIROC in Canada, the SFC in Hong Kong, the CIMA in the Cayman Islands and the FSA in Japan.

Quick comparison offer more markets overall while Pepperstone is an ECN broker. Both support trading with robots on MT5, while Pepperstone additionally has automated trading on MT5 and cTrader.

Minimum deposit and account types

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

  • offers Forex and CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms, offers Autochartist and Trading Central and has a Trader Education course on its website.
  • Pepperstone offers four account types, with Forex and CFD trading. 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 supports social and copy trading via ZuluTrade and MetaTrader Signals. 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.


  • offers Forex, Indices, Energy, Soft Commodities, Metals, Cryptocurrencies and Stocks, with 300+ available.
  • Pepperstone offers Forex, Indices, Energy, Soft Commodities, Metals, Cryptocurrencies and Stocks, with 150+ available.

Cryptocurrency CFDs

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

Spreads and leverage offers Forex spreads form 0.8 without a commission charge. Pepperstone provides Forex spreads from 0 without a commission charge and 1 with a commission charge.

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

Commission charge

  • does not charge commissions for trading Forex (only for Shares CFDs).
  • 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.

Online trading platforms offers the Advanced Trading Platform, Web Trader, MT4 and apps. Pepperstone provides cTrader, MT5, MT4 and apps.

Why or Pepperstone ? offers two web traders and MT4, while Pepperstone provides MT4, MT5 and cTrader and is an ECN broker. Both brokers support automated trading with robots, on MT4 for and MT4, MT5 (MT4's successor) and cTrader for Pepperstone. For traders who execute their own trades, offers a user friendly web trader and a downloaded platform with a range of features, including the capacity to use and create chart signals. MT4 and MT5 can be used by traders who execute their own trades and have an extensive online community, however cTrader has arguably a user friendly trading platform for both traders who execute their own trades and those who use robots.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT4
  • Pepperstone additionally provides MT5
  • offers its Web Trader
  • Pepperstone provides cTrader
  • offers its Advanced Trading Platform
  • Overall has more markets to trade
  • Pepperstone has a relatively large number of markets for an ECN broker
  • Both brokers support trading with robots
  • Pepperstone supports social and copy trading

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