24Option vs Pepperstone - Online Brokerage Comparison

24Option vs Pepperstone | Trading Brokers Comparison

24Option vs Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$250MT4, Web Trader & Apps250+CySEC, IFSC
$200MT4, MT5, cTrader150+FCA, ASIC

24Option vs Pepperstone Comparison

Pepperstone is an ECN broker which utilises Equinix infrastructure to help deliver fast order processing. Pepperstone offers MT4, MT5 and cTrader, all platforms which support both automated and non-automated trading. Pepperstone's ECN environment is suited to both approaches, but particularly automated trading, where traders may need to apply automated trading strategies rapidly and at scale.

24Option does also offer MT4, but takes a different approach with its web trader aiming to provide a platform conducive to the way a human trader may wish to trade. All this being said, MT4, MT5 and cTrader are all suited to the human trader as well (cTrader in particular has a layout which is arguably easy for the human to interact with).

24Option is regulated by the CySEC in Cyprus and the IFSC in Belize. Pepperstone is regulated by the FCA in the United Kingdom and the ASIC in Australia.

Quick comparison

Pepperstone is an ECN broker with a range of trading platforms covering MT4, MT5 and cTrader, while 24Otion has a user friendly web trader and MT4.

Minimum deposit and key account features

The minimum deposit for 24Option is $/€/£250. The minimum deposit for Pepperstone is $200.

  • 24Option offers a Basic account, a Gold account, a Platinum account and a VIP account. The minimum deposit for Basic is $250, the minimum deposit for Gold is $5000, the minimum deposit for Platinum is $10,000 and the minimum deposit for VIP is $50,000. The higher account types have lower spreads and extra features. 24Option offers an Economic Calendar, Market Reports, Analysis and Videos on its website and Trading Central.
  • 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.


  • 24Option offers Forex, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals and Stocks, with 250+ available.
  • Pepperstone offers Forex, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals and Stocks, with 150+ available.

Cryptocurrency CFDs

  • 24Option offers Bitcoin, Ethereum, Litecoin, Ripple, DASH, Ethereum Classic, Bitcoin Gold, Stellar and Monero.
  • Pepperstone offers Bitcoin, Ethereum, Litecoin, Ripple, DASH and Bitcoin Cash.


Maximum leverage for 24Option (CySEC regulated) is . Maximum leverage for Pepperstone (FCA regulated) is . Maximum leverage for Pepperstone (ASIC regulated) is 500:1.

Online trading platforms

Both offer MT4. 24Option additionally provides a web trader (and apps). Pepperstone additionally offers MT5 and cTrader.

Why 24Option or Pepperstone ?

Pepperstone is arguably particularly suited to traders who wish to trade with automated trading strategies or who wish to implement particular strategies, which may be suited to a non-dealing desk intervention broker offering an ECN trading environment. As well as MT4, Pepperstone also offers MT4's successor MT5 and cTrader (thus allowing the trader to trader with Expert Advisors and cBots). 24Option on the other hand while it does offer MT4 and thus supports automated trading, is perhaps aimed in particular at the trader who makes their own trading decisions, offering a web trader and apps.

Comparison summary

  • Both provide CFD trading
  • Pepperstone is an ECN broker
  • Both offer MT4
  • Pepperstone also provides MT5 and cTrader
  • 24Option offers a web trader and apps

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