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Pepperstone vs XM: Comparison and Analysis

Trying to figure out whether to use Pepperstone or XM? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of Pepperstone and XM side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
74-89% of retail investor accounts lose money when trading CFDs
Pepperstone review
Open Account
77,37% of retail investor accounts lose money
XM review

Overall Ratings


Rated
90
Rated
79

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • Pepperstone
  • XM

Security 94
Security 94

Cost 78
Cost 74

Trading 100
Trading 66

Education 71
Education 81

Company Info


Foundation
2010
2009
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, ar, es, pol, ru, ko, viet, it, chi
en, ar, chi(t/s), cz, de, es, fr, gre, hu, po, pol, ru, thai, ko, ind, viet, mal, it, tag

Leverage


Non-EU Leverage ?
200:1
1000:1
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
30:1
US Leverage ?
0
0
Canadian Leverage ?
0
0

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
CIRO ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
399331
5355
SimilarWeb - Total Visits
416901
12990000
Facebook Likes
66224
974312
Twitter Likes
1800000
30300
Instagram Likes
192258

Deposit and Withdrawal


Minimum Deposit ?
5 USD
Minimum Withdraw ?
5
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Bpay, POLi, UnionPay
Deposit Waiting Time ?
1 business day
instant
Withdraw Waiting Time ?
1 business day
1 business day
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
AUD, EUR, GBP, USD, CAD, CHF, HKD, JPY, NZD, SGD
AUD, EUR, GBP, USD, ZAR, CHF, HUF, PLN, RUB, SGD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
0.5
0.05
Natural Gas ?
5.0
0.035
Silver ?
0.5
0.3
Platinum ?
3
Copper ?
Soybeans ?
0.0275
Corn ?
0.0185
Gold ?
0.5
0.3

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
0.09
0.1
USD/JPY Average Spread
0.19
0.1
USD/CHF Average Spread
0.35
0.4
GBP/USD Average Spread
0.38
0.3
USD/CAD Average Spread
0.27
0.5
AUD/USD Average Spread
0.17
0.4
NZD/USD Average Spread
0.32
1.0
EUR/GBP Average Spread
0.41
0.3

Fees on Stocks


Apple
0.26
Facebook
0.15
Alphabet
2.77
Snapchat
0.06
BP
0.08
Tesco
0.0041
Barclays
0.0039
Lloyds
0.0012

Fees on Indices


FTSE100
1.05
1.5
S&P500
0.47
0.7
Dow Jones
2.0
1
Nasdaq
2.0
2
CAC40
1.8
DAX30
0.9
2.0
Nikkei 225
8.0
12.0
Euro Stoxx 50
2.0
2.6

Fees on Cryptocurrencies


Bitcoin
1
0
Ethereum
$4.0
0
Ripple
0
0
Litecoin
$3.0
0
Bitcoin Cash
$4.0
0
Dash
$3.0
0
Monero
0
0
Neo
0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, ar, es, po, ko, viet, chi
en, ar, de, es, fr, hu, po, pol, ru, swe, tur, thai, ko, ind, mal, it, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
70
57
Crypto ?
70
Commodities ?
15
15
Stocks ?
61
160
Indices ?
14
30
ETF ?
Futures ?
Options ?
Bonds ?
Metal ?
5
4
Agricultural ?
5
8
Energies ?
5
5
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?
Agricultural, Blends, Bonds

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
0.01 lots
0.01 lots
Maximum Trade Size ?
100 lots
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
51
51
Number Chart Drawing Tools ?
31
31
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, ar, es, pol, ru, thai, ko, viet, it, chi
en, ar, chi(t/s), cz, de, es, fr, gre, hu, po, pol, ru, thai, ko, ind, viet, mal, it, tag

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

Pepperstone vs XM: A Comparison Summary

When it comes to choosing a broker, traders need to consider several factors such as security, account opening, markets, trading fees, platforms, and education/customer care. In this comparison summary, we will look at XM and Pepperstone, two popular brokers in the forex trading industry, and evaluate them based on these factors.

Security

Both XM and Pepperstone are regulated by reputable regulatory authorities such as CySEC, ASIC, DFSA, and FCA, which ensures that they comply with the highest standards of security and transparency. However, Pepperstone has more regulatory bodies such as SCB and CMA, making it a more diversified broker in terms of regulatory coverage. Both brokers have a security rating of 94, indicating that they are highly trusted by traders.

Account Opening

XM offers a minimum deposit of $5, while Pepperstone doesn’t have a minimum deposit in place, but it suggests a minimum deposit of $200. XM also offers more account types than Pepperstone, including a shares account and an Islamic account. On the other hand, Pepperstone offers more base currencies, over 10, including USD, EUR, AUD, and GBP, making it more convenient for traders to avoid currency conversion fees.

Markets

Pepperstone offers a wider range of markets than XM, with 70 forex pairs, 15 commodities, 14 indices, 70 crypto assets, and 60+ stocks. In comparison, XM offers 57 forex pairs, 15 commodities, 30 indices, and 150+ stocks. It’s worth noting that both brokers offer CFD trading only, making them better suited for short-term investing rather than long-term investing.

Trading Fees

Both XM and Pepperstone offer low spreads on forex, starting from 0 pips, making them ideal for scalping. However, the spreads may vary depending on the account type chosen. Pepperstone charges up to $7 per lot traded, while XM charges up to $7 per lot traded as well. It’s worth noting that Pepperstone charges variable spreads on stocks, while XM doesn’t offer trading in stocks.

Platforms

Both brokers offer the popular MetaTrader 4 and MetaTrader 5 platforms, which are available via webtrader, desktop, and mobile. Pepperstone also offers cTrader, which is known for its advanced charting and order execution features. Both brokers allow traders to engage in algo trading and offer VPS services.

Education/Customer Care

XM offers a wider range of educational materials, including webinars in 19 languages, trading lessons, and platform lessons, making it a better option for both beginner and advanced traders. 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. In terms of customer care, both brokers are easy to contact via email, phone, and live chat, with over 12 languages available for Pepperstone and over 21 languages available for XM.

Conclusion

Both XM and Pepperstone are reputable brokers that offer low spreads, multiple platforms, and good customer care. However, Pepperstone has an advantage in terms of market variety and regulatory coverage, while XM offers more account types and wider range of educational material. Therefore, traders should consider their trading preferences and priorities when choosing between these two brokers.

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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Via Filippo Argelati, 10,
Milan, Italy
20143

VAT No. IT10004450960
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