Pepperstone vs Titan FX Comparison

Pepperstone vs Titan FX Broker Comparison

Pepperstone versus Titan FX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader95+FCA, ASIC
$200MT470+VFSC

Pepperstone and Titan FX Comparison

Pepperstone and Titan FX are ECN brokers offering fast order execution, low spreads and a competitive commission charge. They also provide STP/ECN accounts without a commissions charge and Islamic accounts. These brokers have differences in terms of markets offered and account features.

Thus these brokers offer services for traders who are interesting in both discretionary and automated trading, particularly Forex trading, though each also have a range of other markets. Pepperstone can additionally provide a range of Cryptocurrency CFDs to trade. Both offer MT4, though Pepperstone also provides MT5 and cTrader.

Pepperstone is regulated by the ASIC in Australia and by the FCA in the United Kingdom. Titan FX is regulated by the VFSC in Vanuatu.

Quick comparison

Both are ECN brokers, with STP accounts as well and focus on high speed order execution, allowing a variety of trading styles with no dealing desk intervention. Pepperstone can offer a wider range of markets and platforms.

Minimum deposit and account types

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

  • Pepperstone offers four account types. These are Standard, Razor, Islamic (Swap Free) and Active Traders. Pepperstone offers a weekly market review, a knowledge base, trading guides and an economic calendar. Pepperstone also provides Smart Trader Tools by Pepperstone, for MT4 and MT5. These tools include assistance with making trading decisions and indicators. Pepperstone uses Equinix's NY4 and LD4 Data Centres.
  • 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.
  • Titan FX offers the Zero Standard STP account, the Blade ECN Zero account, an Islamic account and the Active Trader Program. Hedging, scalping and EAs are allowed for all account types. Titan FX offers markets analysis, economic news, self improvement articles for a 'Forex Lifestyle' and an economic calendar. Titan FX uses Equinix's NY4 Data Centre.
  • Titan FX's Standard and Islamic accounts do not charge commissions, the Blade ECN account does charge commissions.
  • Titan FX's Active Trader Program provides a dedicated relationship manager, segregated client accounts, advanced reporting, custom solutions, virtual server hosting and aggregated anonymous data (AAD).

Account currencies

Pepperstone accounts are available in USD, AUD, GBP, EUR, CAD, JPY, NZD, CHF, SGD and HKD. Titan FX accounts are available in USD, AUD, EUR, SGD and JPY.

Markets

  • Pepperstone offers 95+, covering Forex, Indices, Energy, Metals, Soft Commodities and Cryptocurrencies.
  • Titan FX offers 70+, covering Forex, Indices, Energy and Precious Metals.

Spreads and leverage

  • Spreads at Pepperstone are variable and are from 0.0 for EUR/USD (with an average of 0.2), 1 for UK100, 0.6 for Gold and 0.05 for US Crude Oil. For the Standard account EUR/USD spreads are from 1, with an average of 1.2.
  • Spreads at Titan FX are variable and are from 0.0 for EUR/USD (with an average of 0.2), 1.6 for UK100, 0.2 for Gold and 0.06 for US Crude Oil. For the Standard account EUR/USD spreads have an average of 1.2.

Maximum leverage at Pepperstone (FCA regulated) is . Maximum leverage for Pepperstone (ASIC regulated) is 500:1. Maximum leverage at Titan FX is 500:1.

Commissions

  • 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.
  • Titan FX charges a commission of $0.035 per 0.01 lots (i.e. $3.50 per lot) per side (thus $0.07 per micro lot round trip) on the Blade ECN account. Titan FX says that it approximates the USD charges and has a monthly review of these approximations for other account currencies.

Platforms

Pepperstone provides MT4 and MT5. MT4 and MT5 are available for desktop, tablet and mobile. 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).

Titan FX also provides MT4, available for desktop, tablet and mobile and a web trader.

Pepperstone and Titan FX offer micro lot trading.

Why Pepperstone or Titan FX ?

Both are MT4 brokers offering ECN trading. However Pepperstone additionally offers cTrader and MT5.

Comparison summary

  • Both brokers offer ECN and STP/ECN accounts
  • Pepperstone and Titan FX welcome scalpers
  • Both brokers provide very low Forex spreads with a commission charge on the ECN accounts
  • Pepperstone provides cTrader and MT5, Titan FX does not, but both offer MT4
  • These brokers both use Equinix Data Centres to facilitate low latency order transmission

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