Pepperstone is a renowned forex broker with offices in several parts of the world, including Dubai, London, Melbourne, Nairobi, Dusseldorf, and Limassol. Founded in 2010, it offers over 180 trading instruments, including cryptocurrencies, commodities, metals, and currency pairs.
Within the last few years, it has received widespread recognition for its excellent tradition and fast trade execution. And has three top-tier financial authorities regulate it: the Australian Securities and Investments Commission (ASIC), Germany’s BaFin, and the UK’s Financial Conduct Authority (FCA).
You can look through our detailed Pepperstone review that contains various information, including account types, unique features, bonuses, promotions, and fees. If you feel Pepperstone isn’t worth using for trading, here are some Pepperstone alternatives available for you. You can see the reasons why we consider these brokers as an alternative to Pepperstone.
| Pepperstone Alternatives |
Alternative for: |
Minimum Deposit |
| IC Markets |
Low spreads, Scalping, Unlimited demo account |
$0 |
| IG Markets |
Total number of assets, Unlimited demo account |
$250 |
| AvaTrade |
Fixed spreads, Spread Betting account |
$100 |
| eToro |
Social-copy trading, Unlimited demo account |
$250 |
| XTB |
Total number of assets, Unlimited demo account |
$1 |
| CMC Markets |
Total number of assets, Unlimited demo account |
$0 |
| Saxo Bank |
Low spread, Total number of assets |
$500 |
| Oanda |
Lowest trade size, No minimum deposit |
$0 |
| FXCM |
Fast order execution, Spread betting |
$50 |
| Fusion Markets |
Fast execution speed, Low spreads |
$0 |
WARNING
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money
Pepperstone Low Spread Alternatives
Pepperstone is among the forex brokers that have a low spread. It offers traders two different account types with distinct spread. For instance, the standard account comes with no commission but higher spreads, whereas the razor account has the lowest overall fees with tight spreads. Additionally, it has the lowest spreads on major currency pairs such as USD/CAD, EUR/JPY, and AUD/USD.
If you are looking for the best spread broker, here is a link to the top 10 lowest spread forex brokers.
Pepperstone Minimum Deposit Alternatives
The minimum deposit Pepperstone allows is $0. However, Pepperstone doesn’t enforce the minimum deposit as it requires those in the UK to have a trading balance of £500. The base currencies available for deposit include EUR, GBP, CAD, CHF, JPY, NZD, AUD, SGD, and USD.
To start, you need to decide the base currency to use because it determines the commission. So, if you still want to know other Pepperstone minimum deposit alternatives, you can run through the Top 10 low no minimum deposit brokers to compare their options.
| Broker |
Minimum Deposit |
Base Currencies |
| IC Markets |
$0 |
USD, AUD, EUR, GBP, SGD, NZD, JPY, CHF, HKD, CAD |
| XTB |
$1 |
EUR, GBP, USD |
| CMC Markets |
$0 |
GBP, EUR, USD, AUD, CAD, NOK, NZD, PLN, SEK, SGD |
| Oanda |
$0 |
USD |
| FXCM |
$50 ($300 for UK and EU traders) |
USD, EUR, GBP |
| Fusion Markets |
$0 |
AUD, EUR, GBP, JPY, SGD, USD |
Pepperstone Spread Betting Account Alternatives
Pepperstone offers spread betting accounts for Irish and UK clients. However, the UK spread betting account profits are exempted from capital gains tax. Here is a link to the Top 10 UK spread betting forex brokers to find other spread betting competing brokers.
Choosing Pepperstone Alternatives: Main perks and Characteristics
Pepperstone has remained a top forex broker within the last few years because of its unbeatable features. It is an STP/ECN broker with fast execution and among the lowest spread brokers in the industry. It offers traders 107 forex pairs with over 180 financial instruments to trade. Moreover, traders are not limited when it comes to depositing, as the minimum deposit allowed is $0.
Additionally, it allows traders to trade different trading techniques, including algo-trading, hedging, and scalping. The scalping techniques have attracted many new traders as they tend to take little profits from price movement. The Pepperstone Razor Account is suitable for scalpers as it offers low spreads starting from 0 pips.
Traders in Ireland and the UK are eligible to open a spread betting account. Furthermore, it offers a copy trading feature in partnership with ZuluTrade, a renowned copy trading platform. These are just snippets of the exciting features that Pepperstone offers. Take a look at our detailed Pepperstone reviews with complete information on all of these features.
What is Pepperstone missing?
In this review and research to provide the best Pepperstone alternatives, we find certain drawbacks or missing things Pepperstone lacks. Before that, you can run through the top 10 best forex brokers to know if Pepperstone is listed. Nevertheless, here are some things we found missing in Pepperstone.
Pepperstone Alternatives Comparison
WARNING
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money
Pepperstone Alternatives FAQ
What is Pepperstone’s best alternative?
IC Markets is the best alternative to Pepperstone. Let’s look at the specifics; IC Markets and Fusion Markets are best for low spreads and minimum deposit, but for spread betting, IG Markets is the best alternative.
Is Pepperstone a good forex broker?
Pepperstone is a reliable broker since it is strongly regulated by some of the best regulatory bodies: FCA, ASIC, DFSA, CySEC, SCB, and CMA. By trading with Pepperstone, you also benefit from negative balance protection, and your funds are held in segregated accounts.
