| Online Broker | Minimum Deposit | Trading Platforms | Markets To Trade | About |
|---|---|---|---|---|
| Pepperstone | $10 Minimum Deposit | MT4, MT5, cTrader, TradingView Trading Platforms | 1000+ Markets To Trade | Pepperstone offers automated trading on all its platforms (MT4, MT5, cTrader and TradingView) About |
| Plus500 | $100 Minimum Deposit | Web Trader & Apps Trading Platforms | 2000+ Markets To Trade | Plus500 provides a user friendly platform with a wide range of markets to trade About |
Pepperstone and Plus500 Comparison
Pepperstone offers accounts with a commission charge and accounts with no commission charge. Plus500 offers trading without a commission charge and variable spreads.
Pepperstone provides extensive support for trading automation with MT4, MT5, cTrader, and TradingView. Plus500 focuses on discretionary trading (for traders who execute their own trades), with a particularly clear trading interface.
Pepperstone has 1000+ markets; Plus500 offers 2000+, both competitive for the types of trading to which they provide support. Both offer CFD trading; however, in the UK, Pepperstone additionally provides spread betting.
Quick comparison
Pepperstone offers CFD trading on MT4, MT5, cTrader, and TradingView. Plus500 is a CFD provider offering trading on a web trader and apps, and with more markets to trade.
News trading
Pepperstone offers rapid order processing with no dealing desk intervention and explicitly supports news traders (traders who trade based on trading conjectures around data releases into the market). It offers MT4, MT5, and cTrader, the latter being a relatively user-friendly platform with advanced features and TradingView. Plus500, however, offers fundamental data directly on its platform (in effect a calendar for individual markets), showing news data with past, projected, and actual figures (when released). Plus500 also has an intuitive platform with a particularly clear interface to trade through. The trader can try demos on either to test out news trading on their respective platforms.
Minimum deposit and account types
The minimum deposit for Pepperstone is $10. The minimum deposit for Plus500 is $/€/£100 or AU$200.
- Pepperstone offers a Standard and a Razor account for CFD trading and, in the UK, additionally offers a spread betting account. Pepperstone provides trading guides, a market review, and an economic calendar on its website. 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 markup. The Razor account charges commissions and allows scalping.
- Plus500 provides CFD trading. For all traders, Plus500 offers an Economic Calendar on its website covering news events and market effects and has economic data integrated into its platform. Plus500 offers the +Insights tool, which provides real-time data about the activity of other Plus500 traders. Additionally, Plus500 offers a Trading Academy on its website as well as News and Market Insights.
| Broker | Trading Platforms | What It Offers |
|---|---|---|
| Plus500 Broker | Web Trader & Apps Trading Platforms | Plus500 offers an intuitive online trading platform from desktop to watch app with 2000+ markets to trade and integrated technical and fundamental analysis tools What It Offers |
| Pepperstone Broker | MT4, MT5, cTrader, TradingView Trading Platforms | Pepperstone offers trading platforms for those who plan and implement their own trades and for those who trade a wide range of styles, from automated trading with robots to news trading What It Offers |
Markets
- Pepperstone CFDs on Currency pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals and Stocks, with 1000+ available.
- Plus500 offers CFDs on Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals, Stocks, ETFs and Options, with 2000+ available.
Spreads and leverage
- Pepperstone offers Forex spreads from 0 with a commission charge and from 1 without a commission charge. Plus500 offers variable spreads depending on the instrument.
Maximum leverage for Pepperstone (CySEC regulated) is . Maximum leverage for Plus500 is .
Commissions
Pepperstone charges a commission of $3.76 or AU$3.5 or €2.61 per lot per side on the MT4 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.
Plus500 has no commissions and tight spreads. Additional fees may apply.
Online trading platforms
Pepperstone offers MT4, MT5, cTrader, and TradingView on desktop and mobile. Plus500 provides a web trader, a downloaded version, mobile apps, and a watch app.
What types of traders may be interested in either?
Traders who want a CFD provider that supports a wide range of trading styles, from robots to copy trading to trading based on charting and technical analysis, may find Pepperstone of interest. Traders who execute their own trades and want a relatively large number and wide range of markets to trade on a particularly clear, user-friendly trading platform may find Plus500 of interest.
Why Pepperstone or Plus500 ?
Traders who want to trade a wide range of CFDs on a clear, user-friendly platform can do so at Plus500. Traders who want to apply a wide range of trading styles across MT4, MT5, cTrader, and TradingView, including automated trading, may do so at Pepperstone. Those who want to social and copy trade can do this at Pepperstone.
Comparison summary
- Both offer CFD trading
- In the UK, Pepperstone also offers spread betting
- Plus500 provides a user-friendly trading platform
- Pepperstone offers MT4, MT5, cTrader, and TradingView
- Pepperstone supports social and copy trading via a range of connected services and platforms
- Plus500 has more markets to trade (2000+ vs 1000+)
- Pepperstone allows online trading robots
- Plus500 has a particularly user-friendly platform
