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Forex.com vs Pepperstone: Comparison and Analysis

Trying to figure out whether to use Forex.com or Pepperstone? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of Forex.com and Pepperstone side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
81% of retail investor accounts lose money
Forex.com review
Open Account
74-89% of retail investor accounts lose money when trading CFDs
Pepperstone review

Overall Ratings


Rated
81
Rated
90

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • Forex.com
  • Pepperstone

Security 95
Security 94

Cost 69
Cost 78

Trading 75
Trading 100

Education 82
Education 71

Company Info


Foundation
1999
2010
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, chi
en, ar, es, pol, ru, ko, viet, it, chi

Leverage


Non-EU Leverage ?
400:1
200:1
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
30:1
US Leverage ?
50:1
0
Canadian Leverage ?
50:1
0

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
CIRO ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
52385
399331
SimilarWeb - Total Visits
416901
Facebook Likes
36211
66224
Twitter Likes
146200
1800000
Instagram Likes
192258

Deposit and Withdrawal


Minimum Deposit ?
100 USD
Minimum Withdraw ?
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Bpay, POLi, UnionPay
Deposit Waiting Time ?
1-2 business days
1 business day
Withdraw Waiting Time ?
1-2 business days
1 business day
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
EUR, GBP, USD
AUD, EUR, GBP, USD, CAD, CHF, HKD, JPY, NZD, SGD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
0.5
Natural Gas ?
5.0
Silver ?
1.4
0.5
Platinum ?
Copper ?
Soybeans ?
Corn ?
Gold ?
0.45
0.5

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
1.3
0.09
USD/JPY Average Spread
1.5
0.19
USD/CHF Average Spread
1.9
0.35
GBP/USD Average Spread
2
0.38
USD/CAD Average Spread
2.0
0.27
AUD/USD Average Spread
1.6
0.17
NZD/USD Average Spread
3.2
0.32
EUR/GBP Average Spread
1.9
0.41

Fees on Stocks


Apple
0.01
Facebook
0.04
Alphabet
0.30
Snapchat
BP
Tesco
Barclays
Lloyds

Fees on Indices


FTSE100
1.3
1.05
S&P500
0.6
0.47
Dow Jones
2.0
Nasdaq
1.5
2.0
CAC40
1.5
DAX30
1.5
0.9
Nikkei 225
15.0
8.0
Euro Stoxx 50
2.3
2.0

Fees on Cryptocurrencies


Bitcoin
1
1
Ethereum
1.2
$4.0
Ripple
60.0
0
Litecoin
0.5
$3.0
Bitcoin Cash
2.0
$4.0
Dash
0
$3.0
Monero
0
0
Neo
0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, ar, chi
en, ar, es, po, ko, viet, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
80
70
Crypto ?
80
70
Commodities ?
12
15
Stocks ?
220
61
Indices ?
18
14
ETF ?
1
Futures ?
1
Options ?
1
Bonds ?
1
Metal ?
5
5
Agricultural ?
3
5
Energies ?
2
5
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
1
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
0.01 lots
0.01 lots
Maximum Trade Size ?
100 lots
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
139
51
Number Chart Drawing Tools ?
22
31
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, chi
en, ar, es, pol, ru, thai, ko, viet, it, chi

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

Forex.com vs Pepperstone: A Comparison of Brokers

When it comes to online brokers, Forex.com and Pepperstone are two well-known names in the trading industry. They both offer various features to cater to traders of all levels, but how do they compare to each other? In this comparison summary, we will analyse the different aspects of these two brokers and see which one is a better fit for traders.

Security

Forex.com has an excellent security rating of 95 and is regulated by several renowned institutions such as CySEC, FCA, ASIC, JFSA, MAS, HKSFC, CIMA, IIROC, NFA, and CFTC. This regulatory environment makes Forex.com available in many countries, including the USA. On the other hand, Pepperstone also has an impressive security rating of 94 and is regulated by FCA, ASIC, DFSA, CySEC, SCB, and CMA. In terms of security, both brokers are trustworthy and reliable.

Demo Accounts

Forex.com offers a demo account with a duration of 30 days and virtual funds of $10,000, which can be restored by contacting customer support. Pepperstone, on the other hand, offers a demo account with a duration of 30 days for MT4 and MT5 accounts and an unlimited duration for cTrader accounts, with virtual funds of $50,000, which can also be restored by contacting customer support. In terms of demo accounts, Pepperstone offers a better deal with a higher amount of virtual funds and unlimited duration for cTrader accounts.

Account Opening

Forex.com requires a minimum deposit of $100 and accepts USD, EUR, and GBP as account currencies. It also offers various account types, including Standard, MT4 and MT5 accounts, commission accounts, corporate accounts, DMA accounts, STP Pro accounts, Islamic accounts, and professional accounts for advanced traders. Pepperstone, on the other hand, has no minimum deposit in place, but suggests a minimum deposit of $200. It offers over 10 base currencies, including USD, EUR, AUD, and GBP, and several payment methods such as wire transfers, credit/debit cards, eWallets, and local payment methods. It also offers account types such as Standard, Razor, Spread Betting, MAM/PAMM, and Professional accounts. In terms of account opening, Pepperstone is more flexible and offers a wider range of account currencies.

Social-Copy Trading

Forex.com does not offer copy-social trading. In contrast, Pepperstone allows traders to engage in copy trading through third-party platforms such as Duplitrade and Myfxbook. If social-copy trading is important to you, Pepperstone is a better option.

Markets

Forex.com offers a wide range of markets, including 80 forex pairs, 12 commodities, 18 indices, 80 crypto assets, and 220+ stocks. It also offers futures and options trading. Pepperstone, on the other hand, offers 70 forex pairs, 15 commodities, 14 indices, 70 crypto assets, and 60+ stocks. It does not offer futures and options trading. Both brokers offer CFD trading only, which makes them better options for short-term trading rather than long-term investing. In terms of markets, Forex.com has a wider range of offerings.

Trading Fees

Forex.com offers variable spreads, which start from 0.2 pips on forex and can go higher depending on the trader’s country. Pepperstone offers variable spreads, which start from 0 pip on forex, making it a better option for scalping. However, Pepperstone charges commissions per lot traded, which can go up to $7. Forex.com charges commissions only on its commission account type. In terms of trading fees, both brokers offer competitive rates, and the choice between them depends on the trader’s preference.

Platforms

Forex.com offers a proprietary platform, available via web and mobile devices, along with MetaTrader 4 and 5, available via webtrader, desktop, and mobile. The proprietary platform is user-friendly and offers a wide range of charting, trading, and drawing tools, while MetaTrader 4 and 5 are popular platforms among traders. Pepperstone, on the other hand, does not offer proprietary platforms but offers MetaTrader 4 and 5, along with cTrader, available via webtrader, desktop, and mobile. All platforms offered by Pepperstone allow traders to engage in algo trading, and it also offers VPS services. In terms of platforms, both brokers offer excellent options, and the choice between them depends on the trader’s preference.

Education/Customer Care

Forex.com offers detailed guides and tutorials on both how to set up trades and technical analysis courses, making it a great option for beginners. It also offers easy-to-contact customer care via email, phone, and live chat, but only in English and Chinese. Pepperstone offers a good range of educational material, but it’s mostly for beginner traders. It also offers easy-to-contact customer care via email, telephone, and live chat, and over 12 languages are available. It has won the “Best Customer Service in Europe” award in 2019. In terms of education and customer care, Pepperstone offers more language options and has won an award for its customer service.

Conclusion

In summary, both Forex.com and Pepperstone are reliable and secure brokers, but they differ in various aspects. Forex.com has a wider range of markets and account types, while Pepperstone offers a wider range of base currencies and no minimum deposit. Pepperstone also offers copy trading and has lower spreads, but charges commissions per lot traded. Both brokers offer excellent trading platforms, but Pepperstone allows algo trading on all its platforms and offers VPS services. Finally, Forex.com offers more educational material, but Pepperstone has won an award for its customer service and offers more language options. Ultimately, the choice between the two depends on the trader’s preference and their specific needs.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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20143

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