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FXCM vs Pepperstone: Comparison and Analysis

Trying to figure out whether to use FXCM 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 FXCM 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
67% of retail investor accounts lose money
FXCM 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.

  • FXCM
  • Pepperstone

Security 94
Security 94

Cost 69
Cost 78

Trading 73
Trading 100

Education 83
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, ar, de, es, fr, gre, heb, po, ind, viet, mal, tag, 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 ?
0
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
89071
399331
SimilarWeb - Total Visits
807860
416901
Facebook Likes
83544
66224
Twitter Likes
92400
1800000
Instagram Likes
192258

Deposit and Withdrawal


Minimum Deposit ?
50 USD
Minimum Withdraw ?
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Bpay, POLi, UnionPay
Deposit Waiting Time ?
1 business day
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 ?
AUD, EUR, GBP, USD, CHF
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 ?
0.03
0.5
Natural Gas ?
0.01
5.0
Silver ?
0.04
0.5
Platinum ?
Copper ?
0.00
Soybeans ?
Corn ?
0.64
Gold ?
0.76
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
1.4
0.19
USD/CHF Average Spread
1.7
0.35
GBP/USD Average Spread
2.0
0.38
USD/CAD Average Spread
2.3
0.27
AUD/USD Average Spread
1.9
0.17
NZD/USD Average Spread
2.1
0.32
EUR/GBP Average Spread
2.6
0.41

Fees on Stocks


Apple
Facebook
Alphabet
Snapchat
BP
Tesco
Barclays
Lloyds

Fees on Indices


FTSE100
0.96
1.05
S&P500
0.38
0.47
Dow Jones
2.0
Nasdaq
1.01
2.0
CAC40
1.24
DAX30
1.15
0.9
Nikkei 225
8.57
8.0
Euro Stoxx 50
1.08
2.0

Fees on Cryptocurrencies


Bitcoin
1
1
Ethereum
0,94
$4.0
Ripple
0,01
0
Litecoin
0,19
$3.0
Bitcoin Cash
3,37
$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, de, es, fr, heb, po, ru, it, ur, chi
en, ar, es, po, ko, viet, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
39
70
Crypto ?
8
70
Commodities ?
11
15
Stocks ?
15
61
Indices ?
13
14
ETF ?
Futures ?
Options ?
Bonds ?
Metal ?
3
5
Agricultural ?
3
5
Energies ?
5
5
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
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 ?
0.001 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 ?
51
51
Number Chart Drawing Tools ?
31
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, ar, de, es, fr, gre, heb, po, ind, viet, mal, tag, 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

Security and Rating

Both FXCM and Pepperstone are highly regulated, with FXCM being regulated by FCA, ASIC, FSCA, CySEC, ISA, and IIROC, while Pepperstone is regulated by FCA, ASIC, DFSA, CySEC, SCB, and CMA. Both brokers have a high security rating, with FXCM having a rating of 94 and Pepperstone having a rating of 94.

Demo Account

Both FXCM and Pepperstone offer demo accounts with virtual funds. FXCM offers an unlimited demo account with $50,000 virtual funds, while Pepperstone offers a demo account with $50,000 virtual funds for 30 days for MT4 and MT5 accounts, and unlimited virtual funds for cTrader accounts. The virtual funds of the Pepperstone demo account can be restored by contacting customer support.

Minimum Deposit

FXCM requires a minimum deposit of $50 for non-EU clients and $300 for UK and EU clients, while Pepperstone doesn’t require a minimum deposit, but suggests a minimum deposit of $200.

Social Trading and Copy Trading

FXCM allows traders to engage in copy and social trading through third-party platforms such as ZuluTrade and Tradingview, while Pepperstone allows traders to engage in copy trading through third-party platforms such as Duplitrade and Myfxbook.

CFD and Forex Trading

FXCM offers a range of CFD trading options, including forex, commodities, indices, crypto, and stocks. Pepperstone offers CFD trading only, including forex, commodities, indices, crypto, and stocks. This makes both brokers a good option for short-term trading.

Stock Market

FXCM offers 15 stocks, while Pepperstone offers over 60 stocks. Pepperstone charges variable spreads on stocks.

Cryptocurrency Trading

FXCM offers 7 crypto assets for trading, while Pepperstone offers 70 crypto assets for trading.

Platforms

FXCM offers the Trading Station proprietary platform, which is available via desktop, web, and mobile, as well as the MetaTrader 4 platform, which is available via web, desktop, and mobile. Pepperstone offers the MetaTrader 4 platform, which is available via web, desktop, and mobile, the MetaTrader 5 platform, which is available via web, desktop, and mobile, and the cTrader platform, which is available via web, desktop, and mobile. All the platforms offered by both brokers allow traders to engage in algo trading. Pepperstone also offers VPS services.

Education

Both FXCM and Pepperstone offer a range of educational resources for traders. FXCM provides FAQs, trading guides, and a research section, while Pepperstone offers a good range of educational material, but it’s mostly for beginner traders, so professional/advanced traders may not find that content useful other than Pepperstone webinars. Customer care is easy to contact via phone, email, and live chat for both brokers, with Pepperstone offering support in over 12 languages and winning the “Best Customer Service in Europe” award in 2019.

In conclusion, both FXCM and Pepperstone offer a range of features and benefits for traders. FXCM is a good choice for traders who want to invest in a range of CFD trading options, including forex, commodities, indices, crypto, and stocks, as well as for short-term trading. Pepperstone is a good choice for traders who want to invest in a wide range of trading assets, including forex, commodities, crypto, stocks, and indices, as well as for both short and long-term investing. Pepperstone offers very low spreads and commission, making it a good broker for scalping. Ultimately, the choice between the two brokers will depend on your individual needs and preferences.

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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2FC Financial Srl
Via Filippo Argelati, 10,
Milan, Italy
20143

VAT No. IT10004450960
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