Pepperstone vs Spread Co Comparison

Pepperstone vs. Spread Co Broker Comparison

Pepperstone versus Spread Co Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
£200MT4, MT5, cTrader95+FCA, ASIC
£250Web Trader & Apps1500+FCA

Pepperstone and Spread Co Comparison

Pepperstone and Spread Co are regulated by the FCA in the United Kingdom, Pepperstone is also regulated by the ASIC in Australia. Spread Co provides CFD trading and spread betting, while Pepperstone provides ECN and STP/ECN trading. Spread Co offers fixed spreads which on spread betting can be low, and are also competitive for CFDs. Pepperstone can offer variable Forex spread without a commission or with a commission. The commission charge comes with very low ECN Forex spreads.

Quick comparison

Pepperstone offers MT4, MT5 and cTrader. Spread Co provides a web trader and apps. Spread Co has more markets to trade, Pepperstone is an ECN broker.

Account types and minimum deposit

The minimum deposit for Pepperstone is £200 or $AU/$200. The minimum recommended amount to be deposited with Spread Co is £200 for spread betting and £250 for CFD trading.

  • Pepperstone offers four account types. These are Standard, Razor, Islamic (Swap Free) and Active Traders. Pepperstone offers a Weekly Market Review.
  • The 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.
  • Spread Co has three spread betting account types: Spread Free, Spread Free Bronze and Standard. It also has a CFD trading account. Spread Free and Spread Free Bronze offers zero spreads on some markets, T&Cs apply. Spread Free Bronze charges a fee and has less restrictions. Spread Co provides news and analysis on its website and a relationship manager for all account holders.

Markets

  • Pepperstone offers Currency Pairs, Indices, Energy, Metals, Cryptocurrencies and Soft Commodities.
  • Spread Co offers Currency Pairs, Indices, Energy, Metals, Cryptocurrencies, Equities, ETFs and ADRs.

Spread Co offers more, with 1500+, versus 95+ for Pepperstone. Pepperstone is an ECN broker and this is a relatively large offering for this type of broker. Pepperstone can offer more Forex pairs.

Cryptocurrency CFDs

  • Pepperstone offer Bitcoin, Litecoin, Ethereum, Ripple, Dash and Bitcoin Cash.
  • Spread Co offer Bitcoin Futures.

Spreads and leverage

  • Pepperstone offers variable spreads from 0.0 for EUR/USD and 0.1 for GBP/USD and AUD/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 and GBP/USD and AUD/USD spreads are from 1.1. UK100 is also 1, Gold is also 0.6 and US Crude Oil is also 0.05.
  • Spread Co offers fixed spreads on its spread betting and CFD platforms. For spread betting, Spread Co offer fixed spreads of 0.8 for EUR/USD and UK100, 0.4 for Gold and 0.05 for US Crude Oil. Spread Co's spreads can change with higher order sizes and outside of market hours.
  • For CFDs, Spread Co offers fixed spreads of 1.5 for EUR/USD, 1 for UK100, 0.4 for Gold and 0.04 for US Crude Oil

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

Commissions

  • Spread Co does not charge Forex commissions.
  • Pepperstone charges a commission of $3.76 or AU$3.5 or €2.61 per lot per side for Forex 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

Spread Co provides its own platform, 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 WebTrader on mobile and with cAlgo (for trading automation).

Why Pepperstone or Spread Co ?

Both offer CFD trading, however in the UK, Spread Co can provide fixed spread spread betting. Spread Co has a web trader and apps and can offer more markets, while Pepperstone is an ECN broker and provides MT4, MT5 and cTrader.

Comparison summary

  • Pepperstone is an ECN broker with a core group of products, but a range of markets as well
  • Spread Co offers a range of markets and Shares, to make up a larger offering of products
  • Spread Co offers low fixed spread betting spreads
  • Pepperstone offers very low Forex spreads with a commission charge
  • Pepperstone has MT4, MT5 and cTrader
  • Spread Co has a web trader and apps
  • Both brokers are regulated in the UK

Search this site

Translate