FXPRIMUS vs Pepperstone - ECN Broker Comparison

FXPRIMUS vs Pepperstone | Compare Online Brokerage Companies

Pepperstone vs FXPRIMUS Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4120+CySEC, FSCA, VFSC
$200MT4, MT5, cTrader95+FCA, ASIC

FXPRIMUS vs Pepperstone Comparison

These are both MetaTrader 4 (MT4) brokers offering rapid order processing and utilising no dealing desk technology. Both locate their trading servers in data centers to be physically near local liquidity providers. Each offers STP accounts and ECN STP accounts.

As well as MT4, Pepperstone additionally provides the successor to MT4, MetaTrader 5 (MT5) and cTrader. FXPRIMUS offers a range of account types with extra features for higher minimum deposits.

FXPRIMUS is regulated by the CySEC in Cyprus, the FSCA in South Africa and the VFSC in Vanuatu.

Pepperstone is regulated by the FCA in the United Kingdom and the ASIC in Australia.

Quick comparison

Both are MT4 brokers offering ECN trading and allow the use of automated trading strategies. Pepperstone additionally provides MT5 and cTrader.

Minimum deposit and account types

The minimum deposit for FXPRIMUS is $100. The minimum deposit for Pepperstone is $200 or AU$200 or £200.

  • FXPRIMUS offers a Variable account and an ECN Premium Account. The minimum deposit for the Variable account is $100. The minimum deposit for the ECN Premium Account is $500. Additionally FXPRIMUS provides a Standard Account, a Premium Account and a VIP Account. The minimum deposit for the Standard Account is $1000. The minimum deposit for the Premium Account is $2,500. The minimum deposit for the VIP Account is $10,000. FXPRIMUS offers traders education, an economic calendar and trading tools for all its clients. The Standard, Premium and VIP accounts offer extra features. The minimum trade size is 0.01 lots.
  • 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.

Markets

  • FXPRIMUS offers Forex, Indices, Energy, Precious Metals and Stocks, with 120+ available.
  • Pepperstone offers Forex, Indices, Energy, Metals, Cryptocurrencies and Soft Commodities, with 95+ available.

FXPRIMUS provides 50+ Forex pairs. Pepperstone provides 60+ Forex pairs.

Cryptocurrency CFDs

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

Spreads and leverage

  • Both brokers can offer low Forex spreads plus a commission charge as well as higher Forex spreads without a commission charge.

Maximum leverage for FXPRIMUS (CySEC regulated) is . Maximum leverage for Pepperstone (FCA regulated) is .

Commissions

  • FXPRIMUS charges a commission of $5 per lot per side on its ECN Premium Account.
  • 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.

Platforms

FXPRIMUS provides MT4 desktop, MT4 apps and an MT4 web trader. Pepperstone provides MT4, MT5 and cTrader desktop, MT4, MT5 and cTrader apps and MT4, MT5 and cTrader web traders.

Why FXPRIMUS or Pepperstone ?

Traders who want to use MT4 can and trade with low latency can potentially find this at either broker as each offers MT4 and uses technology to route orders rapidly with no dealing intervention. Traders who want MT4's successor can find MT5 at Pepperstone. Traders who wish to trade cTrader and utilise its automated trading features, as well as its tools for non-automated traders can find this platform at Pepperstone. Thus traders can use EAs (MT4 and MT5 online trading robots) at either broker, and can use cBots (cTrader's robots) at Pepperstone.

Comparison summary

  • Both offer MT4
  • Each provides CFD trading
  • Pepperstone additionally offers MT5 and cTrader
  • Both use technology for low latency order processing
  • Each allows automated trading
  • FXPRIMUS offers a range of account types providing extra features for higher deposits
  • Pepperstone has a lower minimum deposit for ECN trading ($200 vs $500)

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