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FxPro vs Pepperstone: Comparison and Analysis

Written by Filippo Ucchino Fact-Checked by Luca Puddu Publication Date Last Updated
Our verdict · CFD/FX trading

FxPro and Pepperstone are two great brokers for scalping and automated trading. However, FxPro is the better choice if you are looking for more tradable symbols (2,100 against 1,444), faster execution (13 ms against 30 ms) and a lower minimum deposit (none against 10.00 USD), while Pepperstone is better because it has a lower EUR/USD cost (9.50 USD per lot against 12.80 USD) and a proprietary trading platform. FxPro is regulated by CySEC and the FCA, with an offshore company regulated by the SCB (Bahamas). Pepperstone is regulated by CySEC, BaFin, the FCA, ASIC and the DFSA, with an offshore company regulated by the SCB (Bahamas). FxPro and Pepperstone both offer a demo account. Both brokers offer MetaTrader 4, MetaTrader 5, cTrader and TradingView. FxPro offers crypto CFDs except at its UK company, while Pepperstone offers them except at its UK company.

FxPro

CFDCFD FxPro offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD/FX to rate it on that. FXFX FxPro offers forex trading: currency pairs such as EUR/USD, traded with leverage. Forex is rated together with CFDs, on the CFD/FX side.
FxPro review ›
86CFD/FXOverall score FxPro scores 86/100 for CFD/FX trading. The overall score is calculated from the data in this comparison across 12 areas.
Open Account

72.87% of retail investor accounts lose money when trading CFDs with this provider.

Pepperstone

CFDCFD Pepperstone offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD/FX to rate it on that. FXFX Pepperstone offers forex trading: currency pairs such as EUR/USD, traded with leverage. Forex is rated together with CFDs, on the CFD/FX side.
Pepperstone review ›
85CFD/FXOverall score Pepperstone scores 85/100 for CFD/FX trading. The overall score is calculated from the data in this comparison across 12 areas.
Open Account

74-89% of retail investor accounts lose money when trading CFDs with this provider.

Best for

What we compare A comparison of the kinds of traders FxPro and Pepperstone are best suited to, based on what each one actually offers in .
1 / 12

FxPro and Pepperstone are equally good for professional traders, high-volume traders and scalpers.

Best for
Overall score FxPro 86 Pepperstone 85 -1
Day trading i
Long-term investing i
Professional traders i
High-volume traders i
Scalpers i
Swing traders i
News traders i
Algo traders i
Stock traders i
Crypto traders i
Futures traders i
Options traders i

Regulation

What we compare A comparison between the financial authorities that supervise FxPro and the ones that supervise Pepperstone.
2 / 12

FxPro and Pepperstone are both regulated by top-tier authorities, FxPro by CySEC and the FCA (United Kingdom) and Pepperstone by BaFin, CySEC and ASIC (Australia).

Regulation
Section score FxPro 100 Pepperstone 100
Tier-1 regulators
ESMA (European Union) i CySEC (Cyprus) CySEC (Cyprus)
FCA (United Kingdom) i
ASIC (Australia) i
CFTC (United States) i
NFA (United States) i
SEC (United States) i
CIRO (Canada) i
MAS (Singapore) i
SFC (Hong Kong) i
JFSA (Japan) i
FINMA (Switzerland) i
Tier-2 regulators
FMA (New Zealand) i
CBR (Russia) i
FSCA (South Africa) i
DFSA (Dubai) i
CSRC (China) i
ISA (Israel) i
LFSA (Malaysia) i
JSC (Jordan) i
CMA (Kenya) i
Tier-3 regulators
FSA (Seychelles) i
MMA (Maldives) i
SCB (Bahamas) i
FSC (Mauritius) i
VFSC (Vanuatu) i
FSC (Belize) i
CIMA (Cayman Islands) i
SV FSA (Saint Vincent and the Grenadines) i
FSRC (St. Kitts & Nevis) i
BMA (Bermuda) i
BVI FSC (British Virgin Islands) i
EDR (External Dispute Resolution) i

Safety

What we compare A comparison of the tools and services that FxPro and Pepperstone have in place to protect your money in .
3 / 12

Both FxPro and Pepperstone offer segregated client funds and an investor compensation scheme. FxPro also offers additional money insurance.

Safety
Section score FxPro 87 Best Pepperstone 78 -9
Company info
Is it publicly traded i
Is it a bank i
Year founded i 2006 2010
Parent company i FxPro Group Limited Pepperstone Group Limited
CEO i Charalambos Psimolophitis Tamas Szabo
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i Barclays, Julius Baer, Royal Bank of Scotland N/A
Brand power
Number of customers worldwide i 2,180,000 900,000
Annual revenue i USD 900,000 USD 13,000,000
Monthly website search traffic i 323.9K monthly visits 1.3M monthly visits

Costs

What we compare A comparison of what it costs to trade with FxPro and with Pepperstone in , both on each trade and on holding the account.
4 / 12

Pepperstone is better than FxPro for costs, given that Pepperstone is cheaper on EUR/USD, at 9.5 USD per lot (against FxPro's 12.8 USD), has tighter S&P 500 CFD spreads, at 0.47 points (against FxPro's 0.85 points), and does not charge inactivity fees, unlike FxPro. Neither FxPro nor Pepperstone charges account maintenance fees or deposit fees.

Costs
Section score FxPro 40 -32 Pepperstone 72 Best
Broker fees
Deposit fees i
Withdrawal fees i
Overnight fees i
Inactivity fees i
Currency conversion fees i
Discounts on volume i
Real time market data fee i
Dividend withholding i
Account opening fees i
Account maintenance fee i
Portfolio management fee i
Fees on CFDs
Forex commission per lot i USD 7 USD 7
EUR/USD average standard spread i
1.43 pips
1.1 pips
EUR/USD average raw spread i
0.43 pips
0.1 pips
EUR/USD average fixed spread i
EUR/USD total cost per lot i USD 12.8 USD 9.5
S&P 500 fees (CFD) i 0.85 points 0.47 points
Gold fees (CFD) i 0.34 points 0.5 points
Bitcoin fees (CFD) i USD 15.74
US stocks fees (CFD) i Free USD 0.02
Fees on stocks
Stock fee type i Spread Commission, Percentage
US stocks fees (real) i
ETF fees (real) i
Management costs i
Connection costs i
Fees on futures
Futures fees per contract i
Platform fees i
Fees on options
Options fees per contract i
Event fees i
Fees on savings plans
IRA opening fee i
IRA maintenance fee i
401k opening fee i
401k maintenance fee i

Available markets

What we compare A comparison of the markets and products you can trade with FxPro and with Pepperstone in , and of how many instruments each one gives access to.
5 / 12

FxPro and Pepperstone are close on available markets. Both FxPro and Pepperstone offer CFDs on commodities, crypto, ETFs, forex, indices and stocks. FxPro goes a step further, as it gives access to 2,100 tradable symbols (against Pepperstone's 1,444).

Available markets
Section score FxPro 75 Pepperstone 75
Total tradable symbols i 2,100 1,444
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i Commodities, Crypto, ETF, Forex, Indices, Stocks Commodities, Crypto, ETF, Forex, Indices, Stocks
Futures i
Options i
Assets you can own i

Platform

What we compare A comparison of the trading platforms that FxPro and Pepperstone make available to their clients in .
6 / 12

FxPro and Pepperstone are equally good for platforms, since FxPro offers copy trading while Pepperstone offers social trading and AutoChartist. Both FxPro and Pepperstone offer a proprietary platform and cTrader.

Platform
Section score FxPro 94 -3 Pepperstone 97
Proprietary platform i
MetaTrader 4 i
MetaTrader 5 i
cTrader i
Social trading platform i
Copy trading platform i
ZuluTrade i
TradingView i
Duplitrade i
Mirror Trader i
NinjaTrader i
AutoChartist i
Real time pricing i
5 digit pricing i
One-click trading i

Mobile

What we compare A comparison of the mobile apps of FxPro and Pepperstone in , and of what each one lets you do from your phone.
7 / 12

FxPro and Pepperstone are close on mobile trading, as both offer a proprietary mobile app and the cTrader app. FxPro goes a step further, as it offers a copy trading app and a smartwatch app.

Mobile
Section score FxPro 100 Pepperstone 98 -2
Proprietary app i
Social trading app i
Copy trading app i
MetaTrader 4 app i
MetaTrader 5 app i
cTrader app i
Mobile trading signals i
Mobile alerts i
Mobile charting tools i
Mobile drawing tools i
Mobile watchlist i
Smartwatch app i

Trading features

What we compare A comparison of the trading tools and strategies that FxPro and Pepperstone allow on their platforms in .
8 / 12

FxPro and Pepperstone are close on trading features, as both offer negative balance protection and trailing stops. FxPro goes a step further, as it executes orders faster, within 13 ms (against Pepperstone's 30 ms), and offers guaranteed stop losses.

Trading features
Section score FxPro 93 Pepperstone 93
Trade execution
Broker type i NDD NDD
Average execution time i 13 ms 30 ms
Slippage occurrence i 9%
Requotes occurrence i 0% 0.08%
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i 30:1About this value. This is the major fx pairs leverage at FxPro Financial Services Limited (CySEC). At FxPro's other companies: 200:1 (other accepted countries), 30:1 (the UK). 30:1About this value. This is the major fx pairs leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 200:1 (the UAE, other accepted countries), 30:1 (the EU, Australia, the UK).
Minor/Exotic FX pairs leverage i 20:1About this value. This is the minor/exotic fx pairs leverage at FxPro Financial Services Limited (CySEC). At FxPro's other companies: 500:1 (other accepted countries), 20:1 (the UK). 20:1About this value. This is the minor/exotic fx pairs leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 200:1 (the UAE, other accepted countries), 20:1 (the EU, Australia, the UK).
Major indices leverage i 20:1About this value. This is the major indices leverage at FxPro Financial Services Limited (CySEC). At FxPro's other companies: 200:1 (other accepted countries), 20:1 (the UK). 20:1About this value. This is the major indices leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 200:1 (the UAE, other accepted countries), 20:1 (the EU, Australia, the UK).
Minor indices leverage i 10:1About this value. This is the minor indices leverage at FxPro Financial Services Limited (CySEC). At FxPro's other companies: 200:1 (other accepted countries), 10:1 (the UK). 10:1About this value. This is the minor indices leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 100:1 (the UAE, other accepted countries), 10:1 (the EU, Australia, the UK).
Gold leverage i 20:1About this value. This is the gold leverage at FxPro Financial Services Limited (CySEC). At FxPro's other companies: 200:1 (other accepted countries), 20:1 (the UK). 20:1About this value. This is the gold leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 200:1 (the UAE, other accepted countries), 20:1 (the EU, Australia, the UK).
Commodities leverage i 10:1About this value. This is the commodities leverage at FxPro Financial Services Limited (CySEC). At FxPro's other companies: 200:1 (other accepted countries), 10:1 (the UK). 10:1About this value. This is the commodities leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 50:1 (the UAE, other accepted countries), 10:1 (the EU, Australia, the UK).
Equities leverage i 5:1About this value. This is the equities leverage at FxPro Financial Services Limited (CySEC). At FxPro's other companies: 25:1 (other accepted countries), 5:1 (the UK). 5:1About this value. This is the equities leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 20:1 (the UAE, other accepted countries), 5:1 (the EU, Australia, the UK).
Cryptocurrency leverage i 2:1About this value. This is the cryptocurrency leverage at FxPro Financial Services Limited (CySEC). At FxPro's other companies: 20:1 (other accepted countries). 2:1About this value. This is the cryptocurrency leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 20:1 (the UAE, other accepted countries), 2:1 (the EU, Australia).
Risk management
Stop losses i
Take profits i
Limit orders i
Trailing stop i
Margin call i
OCO orders i
Guaranteed stop loss i
Negative balance protection i
Minimum trade size (FX) i 0.01 lots 0.01 lots
Minimum trade size (stocks) i USD 0 USD 0
Fractional stocks i
Trading compliance
Scalping strategies allowed i
Hedging strategies allowed i
Automated trading strategy allowed i
EAs use allowed i
HFT strategy allowed i
VPS use allowed i
API use allowed i
Price scraping allowed i
FIFO rule applies i

Account types

What we compare A comparison of the kinds of account you can open at FxPro and at Pepperstone in , and of who each one is meant for.
9 / 12

FxPro is better than Pepperstone for account types, because FxPro offers a managed account, a copy trading account and an unlimited demo account, which Pepperstone does not. Both FxPro and Pepperstone offer a demo account and a professional traders account.

Account types
Section score FxPro 95 Best Pepperstone 67 -28
Demo account i
Unlimited demo account i
Standard account i
Micro account i
Cent account i
Nano account i
Raw spread account i
ECN account i
Swap-free account i
Islamic account i
Professional traders account i
Fixed spread account i
Spread betting account i
Copy trading account i
Corporate account i
Managed account i
Stock investing account i
Margin investing account i
Savings account i
Retirement account i

Account opening

What we compare A comparison of what it takes to open and fund an account with FxPro and with Pepperstone in .
10 / 12

FxPro is better than Pepperstone for account opening, as FxPro does not require a minimum deposit (against Pepperstone's 10 USD), offers 7 account base currencies (against Pepperstone's 4), and supports 3 e-wallets (against Pepperstone's 1). Both FxPro and Pepperstone offer credit cards and debit cards.

Account opening
Section score FxPro 85 Best Pepperstone 70 -15
Minimum deposit i USD 0 USD 10
Minimum withdrawal i USD 0 USD 0
Wire transfers i
Credit cards i
Debit cards i
eWallets i PayPal, Neteller, Skrill PayPalAbout this value. This is the ewallets at Pepperstone EU Limited (CySEC). It is different at Pepperstone's companies in the UAE, Australia and other accepted countries.
Local payment methods i
Account base currencies i AUD, CHF, EUR, GBP, JPY, PLN, USD GBP, USD, EUR, CHFAbout this value. This is the account base currencies at Pepperstone EU Limited (CySEC). It is different at Pepperstone's companies in the UAE, the EU, other accepted countries and Australia.
Deposit waiting time i up to 1 business days up to 1 business days
Withdrawal waiting time i up to 1 business days up to 1 business days
Bonus program i

Customer care

What we compare A comparison of the customer support of FxPro and Pepperstone in , in how it can be reached and how fast it answers.
11 / 12

FxPro is better than Pepperstone for customer care, as FxPro offers customer support in 18 languages (against Pepperstone's 10), has a website in 24 languages (against Pepperstone's 9), and offers call-back requests, which Pepperstone does not. Both FxPro and Pepperstone offer a dedicated account manager and phone support.

Customer care
Section score FxPro 91 Best Pepperstone 73 -18
Number of languages supported i 24 10
Website languages i Arabic, Czech, Danish, German, English, Estonian, Finnish, French, Croatian, Hungarian, Indonesian, Italian, Korean, Lithuanian, Malay, Norwegian, Polish, Portuguese, Russian, Spanish, Swedish, Urdu, Vietnamese, Chinese Arabic, English, Italian, Korean, Polish, Russian, Spanish, Vietnamese, Chinese
Website available in English i
Customer support languages i Arabic, Czech, German, English, French, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese, Chinese Arabic, English, Italian, Korean, Polish, Russian, Spanish, Thai, Vietnamese, Chinese
Customer support in English i
Call back request i
Email support i
Phone support i
Live chat i
Priority customer support i
Dedicated account manager i
Cash sweep i
Stock lending i
Distributes proceeds i
Tax withholding agent i
Tax assistance i

Learning

What we compare A comparison of the educational material that FxPro and Pepperstone provide to their clients in .
12 / 12

FxPro and Pepperstone are equally good for learning, as FxPro offers professional reports while Pepperstone offers webinars. FxPro and Pepperstone both offer education for advanced traders and education for beginners.

Learning
Section score FxPro 88 Pepperstone 88
Education
Education center i
Education for beginners i
Education for advanced traders i
Webinars i
Tutorials i
Glossary i
Research
Economic calendar i
Traders' sentiment i
Daily market commentary i
Daily trading ideas i
News via social media i
Professional reports i
Watchlist i
FxPro
Open Account 72.87% of retail investor accounts lose money when trading CFDs with this provider.
Pepperstone
Open Account 74-89% of retail investor accounts lose money when trading CFDs with this provider.
Our verdict

FxPro vs Pepperstone: which one should you choose?

FxPro

CFD/FX Choose FxPro if you want an online CFD broker with a wide choice of markets and fast execution.

Open Account 72.87% of retail investor accounts lose money when trading CFDs with this provider.
Pepperstone

CFD/FX Choose Pepperstone if you want a forex broker with low spreads.

Open Account 74-89% of retail investor accounts lose money when trading CFDs with this provider.

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