Best Pepperstone Alternatives

logomark Anthony Gallagher calendar Last Updated: November 2021 timer 5 min read
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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

Table of contents

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.

Broker Minimum Deposit Avg. Spreads EUR/USD
IC Markets $0 0.1 pips
XTB $1 0.9 pips
CMC Markets $0 0.7 pips
Saxo Bank $500 0.6 pips
FXCM $50 ($300 for UK and EU traders) 0.2 pips
Fusion Markets $0 0.1 pips

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.

Broker Minimum Deposit Minimum Bet
IG Markets $250 N/A
AvaTrade $100 0.10£
CMC Markets $0 N/A
Oanda $0 N/A
FXCM $50 ($300 for EU and UK traders) 0,07£

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

Feature Minimum Deposit Proprietary Platform Fixed Spreads Execution Real Assets
Pepperstone $0 No No ECN/STP No
IC Markets $0 No No ECN No
IG Markets $250 Yes No Market Maker No
AvaTrade $100 Yes Yes Market Maker No
eToro $200 Yes No STP Yes
XTB $1 Yes No DMA No
CMC Markets $0 Yes No DMA Yes (Australia only)
Saxo Bank $500 Yes No STP/Market Maker Yes
Oanda $0 Yes No Market Maker No
FXCM $50 Yes No STP No
Fusion Markets $0 No No NDD No

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.


About the Author

Anthony Gallagher

Broker Expert

Anthony is a financial journalist and business advisor with several years’ experience writing for some of the most well-known sites in the Forex world.

A trader turned industry writer, he is currently based in Shanghai with a finger on the pulse of Asia’s biggest markets.

He is a keen golfer with a very high handicap so when not helping you find the best broker for your needs, you may find him on the course or just as likely following any number of sports from the comfort of his sofa.


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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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