RoboForex vs Pepperstone Broker Comparison

RoboForex vs Pepperstone | Broker Comparison

RoboForex vs Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader95+FCA, ASIC
$10MT4, MT5, cTrader, R Trader9,000+IFSC

RoboForex and Pepperstone Comparison

Both of these brokers offer the MT4, MT5 and cTrader trading platforms. RoboForex also provides R Trader. For each broker, MT4, MT5 and cTrader offer a core group of markets. With R Trader, RoboForex can offer many more, with a total of 9,000+. Each provide ECN trading. RoboForex has a wide range of account types, including a cent account, which allows for very small trade sizes. Both brokers support discretionary trading, where the trader makes their own trading decisions and automated trading, where a computer program trades on behalf of the trader. As ECN brokers they can support a wide range of trading styles. RoboForex is regulated by the IFSC in Belize. Pepperstone is regulated by the FCA in the United Kingdom and the ASIC in Australia.

ECN trading conditions

Both offer spreads from zero plus a commission charge and a range of ECN trading platforms.

Quick comparison

These brokers each provide ECN trading. Pepperstone is focused on ECN services while RoboForex offers a range of account types, including a cent account.

Minimum deposit and account types

The minimum deposit for Pepperstone is $200 or £200. The minimum deposit for RoboForex is $10.

  • 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.
  • RoboForex offers accounts based around its four platforms, MT4, MT5, cTrader and R Trader. cTrader has an ECN-Pro and Pro-Standard account. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and ECN-Pro account. MT4 additionally offers an MT4 Prime account. RoboForex's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboForex also offers a CopyFx account (which supports transaction copying) and a RAMM account (which supports strategy copying).
  • RoboForex's minimum deposit for all accounts except R Trader and MT4 Prime is $10. The minimum deposit for R Trader is $100 and MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboForex offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboForex provides RoboForex Analytics on its website. This offers a range of tools including analysis, signals, videos and education. It offers StrategyQuant for building MT4 robots and the R Trader Strategy Builder.

Markets

  • Pepperstone offers Forex, Indices, Cryptocurrencies, Energy, Metals and Soft Commodities, with 95+ available.
  • RoboForex's Standard and ECN accounts offer Forex, Indices, Cryptocurrencies, Energy and Precious Metals, for a total of 45+.
  • On its R Trader account, RoboForex offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 9,000+.
  • RoboForex's Cent account offers Forex and Precious Metals, for a total of 35+.

Pepperstone provides 60+ Forex pairs, RoboForex provides 45+ Forex pairs.

Cryptocurrency CFDs

  • Pepperstone offers Bitcoin, Ethereum, Litecoin, Ripple, Dash and Bitcoin Cash.
  • RoboForex offers Bitcoin, Ethereum, Litecoin, Ripple, Dash, Bitcoin Cash, EOS, Bitcoin Gold, Golem, IOTA, NEO, OmiseGO, Qtum and Monero.

Spreads and leverage

  • Both brokers offer spreads from 0 plus a commission charge and higher spreads without a commission charge, from 1 for Pepperstone and 1.3 for RoboForex.

Maximum leverage for Pepperstone (FCA Regulated) is . Maximum leverage for Pepperstone (ASIC regulated) is 500:1. Maximum leverage for RoboForex (IFSC regulated) is 2000:1, but maximum leverage for ECN trading is 300:1.

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.
  • RoboForex's commissions are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.

Platforms

Both brokers provide MT4, MT5 and cTrader. RoboForex additionally offers R Trader.

Why Pepperstone or RoboForex ?

Pepperstone is a 'true ECN' broker focused on providing ECN trading on a core group of markets, in particular Forex. RoboForex has a very low minimum deposit and can offer very high leverage on its cent account, meaning it can provide services to traders with small account sizes. RoboForex also provides account types for those who deposit more and has ECN accounts. While they each offer MT4, MT5 and cTrader, RoboForex also provides R Trader, which allows it to offer many more markets, including Stocks CFD.

Comparison summary

  • Both of these brokers provide ECN trading
  • Each provides MT4, MT5 and cTrader
  • Both support building and using trading robots
  • RoboForex provides R Trader, which allows it to provide a large number of markets to trade, including Stocks CFDs
  • Both offer Cryptocurrency CFD trading
  • RoboForex can provide a cent account with a low minimum deposit and very high leverage
  • RoboForex is regulated by the IFSC in Belize, Pepperstone is regulated by the FCA in the United Kingdom and the ASIC in Australia

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