Your capital is at risk. Trade only with funds you can afford to lose.
Pepperstone
#5 in our CFD broker rankings
Accepts traders from Guernsey
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 73-89% of retail investor accounts lose money when trading CFDs.
Rating breakdown
- Regulation & trust4.60.1 higher than FOREX.com (4.5)
- Assets & markets4.60.6 higher than FOREX.com (4.0)
- Fees & costs4.50.3 higher than FOREX.com (4.2)
- Platforms & tools4.80.2 higher than FOREX.com (4.6)
- Accounts & banking4.0same as FOREX.com (4.0)
- Education4.00.1 higher than FOREX.com (3.9)
- Research4.30.5 lower than FOREX.com (4.8)
- Customer support4.60.7 higher than FOREX.com (3.9)
FOREX.com’s score. Numbers show the difference.
FOREX.com
#36 in our CFD broker rankings
Accepts traders from Guernsey
Rating breakdown
- Regulation & trust4.50.1 lower than Pepperstone (4.6)
- Assets & markets4.00.6 lower than Pepperstone (4.6)
- Fees & costs4.20.3 lower than Pepperstone (4.5)
- Platforms & tools4.60.2 lower than Pepperstone (4.8)
- Accounts & banking4.0same as Pepperstone (4.0)
- Education3.90.1 lower than Pepperstone (4.0)
- Research4.80.5 higher than Pepperstone (4.3)
- Customer support3.90.7 lower than Pepperstone (4.6)
Pepperstone’s score. Numbers show the difference.
| Pepperstone | FOREX.com | |
|---|---|---|
| Overview | Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 830,000 clients worldwide. It offers access to 1,400+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, helping to ensure a secure environment for day traders at all levels. | Founded in 2001, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms. |
| Customer Reviews | Based on 10 customer reviews | Based on 5 customer reviews |
| Trustpilot Score | ||
| Bonus Offer | – | 20% Welcome Bonus Up To $5,000 |
| Comment by Reviewer | “Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/5 support (18h a day on weekends).” | “FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools.” |
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| Instruments | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs, Spread Betting | Forex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto |
| Demo Account | Yes | Yes |
| Minimum Deposit | $0 | $100 |
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| Payment Methods | Debit Card, Credit Card, Visa, Mastercard, Wire Transfer, Local Bank Transfer, Skrill, Neteller, PayPal, PayNow | |
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya | NFA, CFTC, CIRO, FCA, CySEC, ASIC, FSA, MAS, CIMA, CMA-UAE |
| Margin Trading | Yes | Yes |
| STP Account | Yes | Yes |
| ECN Account | Yes | Yes |
| DMA Account | Yes | Yes |
| MAM Account | Yes | No |
| PAMM Account | Yes | No |
| LAMM Account | No | No |
| Demat Account | No | No |
| AI / Machine Learning | No | Yes |
| Robo Advisor | No | No |
| Negative Balance Protection | Yes | Yes |
| Market Maker | No | No |
| P2P Trading | No | No |
| Spot Trading | Yes | Yes |
| Mobile Apps | iOS & Android | iOS & Android |
| App Review | Pepperstone excels for its excellent integration with the MT4, MT5, cTrader, and TradingView apps, making it a standout option for day traders familiar with these leading third-party trading solutions. These platforms deliver a stable and reliable mobile trading experience, enhanced by Pepperstone's almost unrivalled execution speeds and wide range of asset classes. Recent improvements also helped it secure second place in DayTrading.com's annual 'Best Trading App' award for 2025. | Running alongside the MT4 and Web Trader platforms, the FOREX.com app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. Additionally, it beats out MT4 when it comes to mobile charting tools, with over 80 indicators and 11 chart types, not to mention a slicker design that we love. |
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| Auto Trading | Expert Advisors (EAs) on MetaTrader, cBots on cTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | Yes | No |
| Copy Trading Platform | Pepperstone facilitates the replication of experienced traders' strategies through MetaTrader Signals, DupliTrade and now its own copy trading app (available in certain regions) through a partnership with Pelican Trading, providing access to thousands of experienced traders and personalized risk parameters. On the downside, it lacks support for cTrader Copy which may deter users familiar with the terminal from Spotware. | – |
| Social Trading | No | No |
| Trade Signals | Yes | – |
| VPS Hosting | No | Yes |
| Tournaments | No | No |
| Demo Competitions | No | No |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $0 | $15 |
| Islamic Account | Yes | Yes |
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| CFD Trading | ||
| Overview | Pepperstone maintains its position as one of the fastest and most dependable CFD brokers during our latest round of testing. With execution speeds averaging around 30ms and an outstanding fill rate of 99.90%, the broker ensures a seamless trading experience without requotes or dealing desk interference. It also provides ample trading opportunities across over 1,300 assets. | With the ability to take both long and short positions on 5,500+ CFDs across forex, stocks, indices, commodities, and cryptocurrencies, FOREX.com excels. Its exclusive Web Trader platform offers an excellent trading experience, equipped with over 80 technical indicators and average execution speeds of just 20 milliseconds, ensuring an optimal environment for serious day traders. |
| Leverage | 1:30 (Retail - UK, EU, Australia), 1:500 (Pro), 1:200 (Offshore), 1:400 (Kenya) | 1:400 |
| FTSE Spread | 1.0 | 1.0 |
| GBPUSD Spread | 0.4 | 1.3 |
| Oil Spread | 0.02 | 2.5 |
| Stocks Spread | 0.02 | 0.14 |
| Forex Trading | ||
| Overview | Pepperstone offers ultra-competitive forex spreads averaging 0.12 pips on EUR/USD in the Razor account, accompanied by a diverse portfolio comprising 100+ currency pairs - an extensive selection surpassing most competitors. Additionally, Pepperstone distinguishes itself by offering three currency indices (USDX, EURX, JPYX), not commonly found among alternative platforms. Pepperstone has now won our annual 'Best Forex Broker' award twice. | FOREX.com continues to uphold its stature as a premier FX broker, offering 80 currency pairs and boasting some of the most competitive fees in the industry. With EUR/USD spreads dipping as low as 0.0 and $7 commission per $100k, it stands out. |
| GBPUSD Spread | 0.4 | 1.3 |
| EURUSD Spread | 0.1 | 1.2 |
| EURGBP Spread | 0.4 | 1.4 |
| Assets | 100+ | 84 |
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| Cryptocurrency | ||
| Overview | Pepperstone continues to prove itself as one of the most trusted crypto CFD brokers. Although its selection of digital tokens is average, you can trade popular cryptos like Bitcoin and altcoins like Ripple with up to 1:10 leverage, while its crypto indices provide a holistic view of the digital currency markets not found on most day trading platforms. It has also launched a dedicated crypto exchange in Australia - Pepperstone Crypto. | You can trade a small range of 8+ cryptos against USD, EUR, GBP and AUD with tight spreads and no virtual wallet required. Algo traders can also utilize Expert Advisors (EAs) to automate their crypto trades. |
| Spread | 30 (BTC) | BTC 1.4%, ETH 2% |
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| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 73-89% of retail investor accounts lose money when trading CFDs.