Pepperstone vs Trading 212 - Online Brokerage Comparison

Pepperstone vs Trading 212 | Trading Brokers Comparison

Pepperstone vs Trading 212 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$200MT4, MT5, cTrader95+FCA, ASIC
$100Web Trader & Apps1800+FCA, FSC

Pepperstone vs Trading 212 Comparison

These brokers offer different kinds of trading platforms and accounts. Pepperstone is an ECN CFD broker, offering trading on MetaTrader 4 (MT4), MT4's successor MetaTrader 5 (MT5) and cTrader. These are platforms which let the trade executes their own trades and to use online trading robots to trade on their behalf. Trading 212 has a web trading platform designed for the trader who executes their own trades. Trading 212 offers a CFD account and an Invest account. The Invest account has real Stocks and ETFs to buy to own and to sell. When trading a CFD, the trader does not own the market.

Trading 212 does not charge commissions. On its ECN accounts, Pepperstone does charge commissions. This is because it is an ECN broker and can provide what can be very low spreads for the more liquid Forex pairs, to which it adds a commission charge. Additionally Pepperstone uses infrastructure to help provide traders with low latency order execution, which can be important in trading such as automated trading strategies which make rapid trades. Pepperstone also provides an STP account which does not charge commissions and thus has higher Forex spreads.

Trading 212 can provide many more markets to trade than Pepperstone, however Pepperstone has a competitive number for an ECN broker. On its platforms, Pepperstone also enables features allowing the trader to use social and copy trading.

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

Trading 212 is regulated by the FCA in the United Kingdom and the FSC in Bulgaria.

Quick comparison

Pepperstone is an ECN broker offering CFD trading on MT4, MT5 and cTrader and supporting automated trading with robots. Trading 212 has many more markets to trade and offers CFD trading and an Invest account, which lets the trader buys Stocks and ETFs to own (i.e. they are not CFDs).

Minimum deposit and key account features

The minimum deposit for Pepperstone is $/£200. The minimum deposit for Trading 212 to trade CFDs is $/€/£100 (the minimum deposit for the Invest account is $/€/£29).

  • 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 and offers Autochartist. 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.
  • Trading 212 has a CFD and an Invest account. Trading 212 provides Videos, News, Analysis and an Economic Calendar on its trading platform and its website.

Markets

  • Pepperstone offers Forex, Indices, Energy, Metals, Cryptocurrencies and Soft Commodities, with 95+ available.
  • Trading 212 offers CFD trading in Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities, Stocks and ETFs, with 1800+ available. Trading 212 on the Invest account offers real Stocks and ETFs, with 1800+ available.

Pepperstone has 60+ Forex Pairs. Trading 212 has 150+ Forex Pairs.

Cryptocurrency CFDs

  • Pepperstone offers Bitcoin, Ethereum, Litecoin, Ripple, DASH and Bitcoin Cash CFDs.
  • Trading 212 offers Bitcoin, Ethereum, Litecoin, Ripple, DASH, EOS, NEO and Monero CFDs.

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.
  • Trading 212 does not charge commissions.

Leverage

Maximum leverage for Pepperstone (FCA regulated) is . Maximum leverage for Trading 212 (FCA or FSC regulated) is .

Platforms

Pepperstone offers MT4, MT5 and cTrader desktop and web traders and apps. Trading 212 offers a web trader and apps.

Why Pepperstone or Trading 212 ?

Traders who want to trade using automated trading strategies on ECN accounts can do so at Pepperstone, on MT4, MT5 and cTrader. The trader who executes their own trades can also use these platforms as well and all are available as web traders as well as desktop download. Trading 212's platform is designed for the trader who executes their own trades. Trading 212 can provide many more markets to trade than Pepperstone (principally as it has Stocks CFDs and many of them). However Trading 212 also has a relatively large number of Forex pairs compared with Pepperstone or other brokers, with 150+. Trading 212 has an Invest account which lets the trader buy Stocks and ETFs to own.

Comparison summary

  • Both offer CFD trading
  • Trading 212 also provides Stocks and ETFs to own (they are not CFDs)
  • Trading 212 also offers Stocks and ETFs CFDs
  • Pepperstone is an ECN broker
  • Trading 212 has many more markets to trade than Pepperstone
  • Pepperstone uses Equinix data centers for low latency order processing
  • Pepperstone support automated trading, letting robots trade on behalf of the trader
  • Trading 212 has a user friendly platform designed for the trader who executes their own trades
  • Pepperstone provides MT4, MT5 and cTrader

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