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
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.
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.
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.
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.
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.
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.
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.
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.