Pepperstone vs Plus500 Broker Comparison

Pepperstone vs. Plus500 Broker Comparison

Pepperstone versus Plus500 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader150+FCA, ASIC
$100Web Trader & Apps2000+FCA, ASIC, CySEC, FSB, FMA, MAS & IE

Pepperstone and Plus500 Comparison

Pepperstone is a broker offering ECN accounts with a commission charge and STP/ECN accounts with no commission charge. Plus500 offers trading without a commission charge and variable spreads.

Pepperstone provides extensive support for trading automation, with ECN trading, MT4, MT5 and cTrader. Plus500 focuses on discretionary trading (for traders who execute their own trades), with a particularly clear trading interface.

These differences are reflected in their respective product offering: Pepperstone has 150+ markets, Plus500 2000+, both competitive for the types of trading to which they provide support. This said both provide Stocks CFDs.

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

Plus500UK Ltd is authorized and regulated by the FCA (#509909). Plus500CY Ltd is authorized and regulated by CySEC (#250/14). Plus500SG Pte Ltd is licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018). Plus500AU Pty Ltd (ACN 153301681) is licensed by: ASIC in Australia, AFSL #417727 and FMA in New Zealand, FSP #486026 and is an authorised Financial Services Provider in South Africa, FSP #47546.

Quick comparison

Pepperstone is an ECN broker offering CFD trading, on MT4, MT5 and cTrader. Plus500 is a CFD broker offering trading on a web trader and apps and with more markets to trade.

Minimum deposit and account types

The minimum deposit for Pepperstone is $200 or AU$200 or £200. The minimum deposit for Plus500 is $/€/£100 or AU$200.

  • Pepperstone offers four account types. These are Standard, Razor, Islamic (Swap Free) and Active Traders.
  • 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 supports social and copy trading.
  • 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.
  • Plus500 offers an Economic Calendar on its website covering news events and market effects.


  • Pepperstone offers 150+ CFDs covering Currency pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals and Stocks.
  • Plus500 offers 2000+ CFDs covering Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals, Stocks, ETFs and Options.

Cryptocurrency CFDs

  • Plus500 offers trading in Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, IOTA, NEO, Monero, EOS, Stellar, Cardano and TRON.
  • Pepperstone offers trading in Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Dash.

Spreads and leverage

  • Spreads at Pepperstone are variable and are 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.
  • Plus500 offers fixed and variable spreads depending on the instrument.

Maximum leverage for Pepperstone (FCA regulated) is . Maximum leverage for Plus500 is .


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 does not charge commissions.


Pepperstone provides MT4, 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.

Pepperstone also offers cTrader, which provides ECN connections, with Level II pricing. cTrader is available as a WebTrader on mobile and with cAlgo (for trading automation).

Plus500 provides its own platform, available on desktop, tablet, mobile and watch.

Why Pepperstone or Plus500 ?

Pepperstone is an ECN broker, offering support for this kind of trading with MT4, MT5 and cTrader. For an ECN broker, it has a relatively large number of markets, allowing both automated and discretionary trading, including support for social and copy trading through platforms and services including ZuluTrade and DupliTrade. Plus500 focuses on discretionary trading, where the trader makes their own trading decisions, with a clear simplified trading platform and more markets to trade. Thus the trader who wants to trade a wide range of strategies on a range of platforms could consider Pepperstone, while the trader who executes their own trades may wish to consider Plus500 and its user friendly platform.

Comparison summary

  • Both brokers offer CFD trading
  • Pepperstone is an ECN broker
  • Plus500 provides a user friendly trading platform
  • Pepperstone offers MT4, MT5 and cTrader
  • Pepperstone supports social and copy trading via a range of connected services and platforms
  • Plus500 has more markets to trade (2000+ vs 150+)
  • Pepperstone allows online trading robots
  • Plus500 has a particularly user friendly platform

What types of traders may be interested in either broker ?

Traders who want a broker which 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.


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