Pepperstone vs XTB: Comparison and Analysis

XTB vs Pepperstone: A Comparison of Two Brokers

XTB and Pepperstone are two popular brokers in the forex and CFD trading industry. In this comparison, we will look at the features and services offered by these brokers to help you make an informed decision on which one to choose.

Security

XTB is regulated by various regulatory bodies, including CySEC, FCA, KNF, IFSC, DFSA, and FSCA, which makes it a highly secure broker. Its security rating stands at 95. Pepperstone, on the other hand, is regulated by FCA, ASIC, DFSA, CySEC, SCB, and CMA, with a security rating of 94. Both brokers offer a high level of security to protect clients’ funds.

Demo Account

XTB and Pepperstone both offer demo accounts for traders to practise their trading skills. The XTB demo account lasts for 30 days, with virtual funds of $100,000. The demo account can be restored by contacting customer support and renewed indefinitely. Pepperstone’s demo account lasts for 30 days for MT4 and MT5 accounts and is unlimited for cTrader accounts. It comes with virtual funds of $50,000, which can also be restored by contacting customer support.

Account Opening

XTB has no minimum deposit requirement and offers account currencies in GBP, EUR, and USD. Payment methods include wire transfers, credit/debit cards, and e-wallets. XTB offers standard, Islamic, and professional accounts for advanced traders. Pepperstone also has no minimum deposit requirement but suggests a minimum deposit of $200. It offers over 10 base currencies, including USD, EUR, AUD, and GBP. Payment methods include wire transfers, credit/debit cards, e-wallets, and several local payment methods. Pepperstone offers standard, razor, spread betting, MAM/PAMM, and professional accounts for advanced traders.

Social-Copy Trading

XTB does not provide any kind of social and copy trading features. In contrast, Pepperstone allows traders to engage in copy trading through third-party platforms such as Duplitrade and Myfxbook.

Markets

XTB offers 57 forex pairs, 27 commodities, 30 indices, 46 crypto assets, and over 5,000 real stocks and ETFs for EU clients. Pepperstone offers 70 forex pairs, 15 commodities, 14 indices, 70 crypto assets, and 60+ stocks. Pepperstone offers CFD trading only, while XTB offers CFD trading as well as real stocks and ETFs for EU clients.

Trading Fees

XTB offers variable spreads starting from 0.3 pips on forex, while Pepperstone offers variable spreads starting from 0 pips on forex. XTB charges zero-commission on real stocks and ETFs for European traders on a monthly volume of up to EUR 100,000, after which a commission of 0.2% (10 EUR minimum) is charged. Pepperstone charges up to $7 per lot traded in commissions, with variable spreads on stocks.

Platforms

XTB offers the xStation proprietary platform, which is available via web and mobile devices. It is user-friendly and intuitive. Pepperstone, on the other hand, offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader platforms. All the platforms offered by Pepperstone allow traders to engage in algo trading. Pepperstone also offers VPS services.

Education/Customer Care

XTB offers a well-equipped range of educational material, including FAQs, blog articles, ebooks, trading videos, and seminars. Its customer care is easy to contact via phone, email, and live chat. Pepperstone offers a good range of educational material, but it’s mostly geared towards beginner traders. However, Pepperstone offers webinars that cater to both beginner and professional traders. Its customer care is also easy to contact via email, telephone, and live chat, with over 12 languages available. In addition, Pepperstone has won the “Best Customer Service in Europe” award in 2019, which highlights its commitment to providing exceptional customer care. Overall, both brokers offer a good range of educational material and excellent customer care, which can be beneficial to traders of all levels.

Conclusion

Overall, XTB and Pepperstone are both great brokers, but the winner depends on your trading needs and preferences. If you’re interested in a wider range of markets, including real stocks and ETFs for EU clients, and a user-friendly platform, then XTB might be the better choice. However, if you’re looking for lower trading fees and social/copy trading features, then Pepperstone might be the better choice.