Pepperstone vs FXPrimus

Pepperstone vs FXPrimus Comparison Table 2023
Pepperstone Review 2023 FXPrimus Review 2023
4.8
4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Pepperstone is a leading online broker with over 400,000 clients in more than 175 countries. The top-rated firm offers excellent market access, industry-leading platforms in MT4, MT5, TradingView and cTrader, plus low fees with no hidden charges. Pepperstone is also heavily regulated with a high trust score, holding licenses with reputable bodies, including the FCA, ASIC, DFSA, and CySEC.

FXPrimus is an award-winning CySEC-regulated brokerage offering CFD trading on 200+ instruments via the MetaTrader 4, MetaTrader 5 and cTrader platforms. The choice between a competitive commission-free account and two affordable raw spread options make this an accessible broker for anyone seeking forex, stocks, indices and commodities with high leverage.

CFDs and FX 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.
Bonus Offer
Monthly Promos
Comment by Reviewer
"Pepperstone is a best-in-class broker. Experienced traders benefit from razor sharp spreads with sophisticated automation tools and over 1000 instruments. Newer traders get user-friendly platforms, rich education materials and 24/7 support." "FXPrimus's platform support, fast execution, raw spread/commission-free accounts and copy trading support make it a good all-rounder for beginner and experienced forex traders."
Pros
  • World-renowned broker with licenses in 7 jurisdictions, including the UK (FCA) and Cyprus (CySEC)
  • Active Trader Program for high-volume traders with discounts on forex, indices and commodities (eligible jurisdictions only)
  • Excellent suite of automated trading tools including Capitalise.ai, Smart Trader and API trading
  • In-depth and frequent webinars covering charting strategies and trading tips
  • Competitive Razor account with tight spreads averaging 0.12 pips for EUR/USD
  • Wide selection of assets including currencies indices like the US Dollar Index
  • Multiple leading platforms including MT4, cTrader and TradingView
  • Award-winning customer support via telephone, email or live chat
  • Choice of MT4, MT5 and cTrader platforms gives traders great flexibility
  • Reputable broker with years of awards makes FXPrimus a credible broker
  • High leverage available up to 1:1000, or 1:500 on the higher-tier raw spread account
  • Copy trading support through a PAMM function allows beginner or time-poor traders to earn money from experienced pros
  • Good range of account types with a $15 minimum deposit on the cent account through to an achievable $1000 minimum for the PrimusZERO account
  • Excellent range of accepted funding methods with 12 accepted currencies, e-wallet and international banking options, and fees covered by the broker
Cons
  • Cryptos only available for professional clients in some jurisdictions
  • Limited payment methods for UK clients
  • Traders from the US not accepted
  • Relatively small range of assets, with just 45+ forex pairs
  • High $8 MT5/$10 MT4 commissions on the Primus Pro account
  • This broker does not accept traders from the US
Awards
  • Best Overall Broker 2023 - DayTrading.com
  • Best Trading App - DayTrading.com 2022
  • Best Forex Broker - DayTrading.com 2021
  • #1 Overall Client Satisfaction - UK Investment Trends 2022
  • #1 Value for Money - UK Investment Trends 2022
  • #1 Quality of Trade Execution - UK Investment Trends 2022
  • #1 Ease of Platform Navigation - UK Investment Trends 2022
  • #1 Charting - UK Investment Trends 2022
  • Best Forex Broker Overall - Compareforexbrokers.com 2022
  • Best MT4 Broker - Good Money Guide Best MT4 Broker 2022
  • Top 5 MetaTrader brokers - Broker Chooser Top 5 MetaTrader brokers 2022
  • Most Trusted Broker South East Asia & Africa 2020 - International Investor Magazine
  • Best Forex Broker South East Asia 2020 - Finance Derivative
Instruments
CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting Stocks, Futures, Options, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$0 $15
Trading Platforms
  • MT4
  • MT5
  • cTrader
  • TradingView
  • AutoChartist
  • DupliTrade
  • MT4
  • MT5
  • cTrader
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB CYSEC, MIFID, ICF, FCA, BaFin, VFSC
Margin Trading
Yes Yes
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
Yes No
MAM Account
Yes Yes
PAMM Account
Yes Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes No
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 & Windows iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader, cBots on cTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
Copy Trading Platform
Pepperstone offers an impressive range of third-party platforms, including DupliTrade, a tool that allows investors to automatically replicate the trading activity of experts. Replicate the success of other traders via the cTrader platform or the FXPrimus MAM solution. Traders retain control over their capital and can get started in a few easy steps.
Social Trading
Yes No
Trade Signals
Yes (Via Chartist Software) Yes
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • USD
  • EUR
  • GBP
  • ZAR
  • SGD
  • PLN
Stock Exchanges
Commodities
CFD Trading
Pepperstone is a fast and reliable CFD broker with 1200+ assets covering forex, commodities, shares, indices, and ETFs. You can also trade currency indices, which aren't available at many alternatives. CFDs can be traded on four leading platforms with a choice of accounts and base currencies. Expert Advisors (EAs) are also supported for automated trading strategies. Trade CFDs on forex, stocks, metals, energies, cryptos and indices with high leverage up to 1:1000 on major currency pairs, 1:200 on metals, 1:100 on indices, 1:33 on stocks and energies, and 1:5 on cryptocurrencies. The range of 200+ instruments is not the biggest on the market, but the variety of asset classes provides flexible trading options for most traders.
Leverage
1:30 (Retail), 1:500 (Pro) 1:1000
FTSE Spread
1.0 From 0.1
GBPUSD Spread
0.0 From 0.1
Oil Spread
2.0 From 0.1
Stocks Spread
From 0.0 pts for US shares Variable
Forex Trading
Pepperstone offers ultra-low spreads from 0.0 pips on the Razor account and has an excellent selection of 60+ pairs. The broker boasts an impressive 99.94% fill rate with no requotes or dealing desk intervention. Forex lots start at 0.01. Trade on 45+ majors, minors, crosses and exotics, with competitive pricing, ultra-fast execution and no requotes. Newer traders can access zero-commission trading. Experienced forex traders can operate with no trading restrictions and benefit from an ECN account and a VPS service.
Forex App

Pepperstone deliver their MetaTrader 4 and MetaTrader 5 platforms across both Android and iOS. With faster processing times, the ability to hedge your positions, advanced pending orders and more tools and indicators to take your trading to the next level – the Pepperstone mobile app is a powerful addition.

GBPUSD Spread
1.0 From 0.1
EURUSD Spread
1.0 From 0.1
EURGBP Spread
1.2 From 0.1
Assets
60+ 45
Currency Indices
  • USD
  • EUR
  • JPY
Cryptocurrency
Take positions on cryptos like Bitcoin with up to 1:10 leverage. Pepperstone also offers popular altcoins, as well as crypto indices, which offer a holistic view on the digital currency market. Trade a small selection of CFDs on crypto tokens in USD pairs. While the selection of cryptocurrencies is very limited, the 1:5 maximum leverage is higher than many similar brokers, making this a decent option for forex traders to dip into if not for dedicated crypto traders.
Spread
BTC 30, ETH 0 Floating
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • DASH
  • ADA
  • LINK
  • DOGE
  • EOS
  • DOT
  • XRP
  • XLM
  • XTZ
  • UNI
  • BNB
  • BTC
  • DSH
  • ETH
  • LTC
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. Between 74-89% of retail investor accounts lose money when trading CFDs.
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