General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
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.
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.
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.
FXCM offers 15 stocks, while Pepperstone offers over 60 stocks. Pepperstone charges variable spreads on stocks.
FXCM offers 7 crypto assets for trading, while Pepperstone offers 70 crypto assets for trading.
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.
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.