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
FxPro vs Pepperstone: A Comprehensive Comparison
When choosing a forex broker, traders are often faced with multiple options, making it challenging to determine the best fit for their trading style and objectives. In this comparison, we will take a look at two popular brokers, FxPro and Pepperstone, and evaluate their offerings across various categories.
Security and Regulations
Both FxPro and Pepperstone are regulated by multiple tier-one authorities, ensuring the highest level of client fund protection. FxPro is regulated by FCA, CySEC, FSCA, and SCB (Bahamas), while Pepperstone is regulated by FCA, ASIC, DFSA, CySEC, SCB, and CMA. With FxPro having a security rating of 95 and Pepperstone with a security rating of 94, both brokers have excellent security measures in place.
FxPro’s demo account has a duration of 180 days, with virtual funds of $100,000, which can be restored directly from the FxPro Direct dashboard. In contrast, Pepperstone’s demo account has a duration of 30 days for MT4 and MT5 accounts, and it is unlimited for cTrader accounts, with virtual funds of $50,000, which can be restored by contacting customer support.
Account Opening and Types
FxPro requires a minimum deposit of $100, and clients can choose from several account types, including MT4 account, MT5 account, cTrader account, Spread Betting account, Islamic account, and VIP account for advanced traders. FxPro offers a variety of payment methods, including wire transfers, credit/debit cards, and eWallets, and accounts can be opened in USD, EUR, GBP, CHF, PLN, AUD, JPY, or ZAR.
Pepperstone has no minimum deposit requirement, but the broker suggests a minimum deposit of $200. Pepperstone offers various account types, including Standard account, Razor account, Spread Betting account, MAM/PAMM account, and Professional account for advanced traders. Pepperstone offers over 10 base currencies, including USD, EUR, AUD, and GBP, and clients can choose from a range of payment methods, including wire transfers, credit/debit cards, eWallets, and local payment methods.
FxPro does not offer social or copy trading features, while Pepperstone offers third-party platforms such as Duplitrade and Myfxbook, allowing traders to engage in copy trading through their Pepperstone account.
Both brokers offer a range of markets, with FxPro offering 70+ forex pairs, 15 commodities, 18 indices, 28 crypto assets, and over 2,000 stocks. Pepperstone offers 70 forex pairs, 15 commodities, 14 indices, 70 crypto assets, and 60+ stocks. Both brokers offer CFD trading only, making them more suitable for short-term investors.
FxPro’s spreads are variable and start from 0.1 pips on forex, lower than the market average, but fixed spreads start from 1.6 pips on forex, higher than the market average. Pepperstone’s spreads are variable and start from 0 pips on forex, lower than the market average. Pepperstone charges a commission of up to $7 per lot traded, making it an excellent choice for scalpers.
FxPro offers several platforms, including FxPro EDGE via WebTrader and FxPro Mobile App, MT4, MT5, and cTrader, while Pepperstone offers MT4, MT5, and cTrader, all available via WebTrader, desktop, and mobile. All platforms offered by Pepperstone allow traders to engage in algo trading, and the broker also offers VPS services.
Education and Customer Care
FxPro’s educational resources are limited, with only basic video tutorials and PDF guides available for beginners and a few resources for professionals. However, customer care is easy to contact via phone, email, and live chat, with over 30 languages available.
Pepperstone offers a good range of educational material, mostly geared towards beginner traders, with webinars also available. The broker’s customer care is easy to contact via email, telephone, and live chat, with over 12 languages available. In 2019, Pepperstone won the “Best Customer Service in Europe” award.
In conclusion, both FxPro and Pepperstone are excellent brokers with their strengths and weaknesses. FxPro offers a more extended demo account duration, more account types, and a more extensive range of markets, while Pepperstone has no minimum deposit requirement, offers lower spreads, and better educational resources for beginners. Traders looking for social-copy trading features may prefer Pepperstone, while those interested in algo trading may opt for Pepperstone due to its VPS services. Ultimately, traders need to weigh their priorities and trading style when selecting between FxPro and Pepperstone.