Pepperstone vs Global Prime

Pepperstone vs Global Prime Comparison Table 2023
Pepperstone Global Prime
4.8
3.8
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.

Global Prime is a multi-regulated trading broker offering 100+ markets. Traders can get started with a $200 minimum deposit and trade with leverage up to 1:100. The firm also has a high trust score and a good reputation.

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.
Promotions

Switch To Pepperstone For A $5000 Cash Bonus & 10% Spread Rebate

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." "Global Prime is suitable for both beginners and seasoned traders with excellent market access, low fees and a range of tools including copy trading."
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
  • Full range of investments
  • Multiple account currencies
  • Multiple deposit methods
  • MetaTrader 4 integration
  • Good execution speed
  • Strong regulation
  • Copy trading
Cons
  • Cryptos only available for professional clients in some jurisdictions
  • Limited payment methods for UK clients
  • Traders from the US not accepted
  • Clients from US and Canada are not accepted
  • No MetaTrader 5 integration
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
Instruments
CFD, Forex, Indices, Currency Indices, ETFs, Shares, Commodities, Spread Betting, Crypto (not Africa and only Pro clients in UK) Forex, indices, commodities, cryptocurrencies, shares, bonds
Demo Account
Yes Yes
Minimum Deposit
$500 recommended AUD $200
Payment Methods
Minimum Trade
0.01 Lots 0.01 lots
Regulator
FCA, ASIC, DFSA, CMA, BaFin, CySEC, SCB ASIC, VFSC, FSA
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes No
cTrader
Yes No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes Yes
Autochartist
Yes Yes
eSignal
No No
Trading Central
No No
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
Yes No
MAM Account
Yes No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
Yes Yes
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS, Android and Windows iOS & Android
Auto Trading
Yes Yes
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. Interact with and copy the trades of experienced investors with Global Prime's exclusive copy trading service.
Social Trading
Yes Yes
Trade Signals
Yes (Via Chartist Software)
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 No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • SGD
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. Global Prime scores highly for its competitive ECN spreads across a range of CFD markets.
Leverage
1:30 (Retail), 1:500 (Pro) 1:200
FTSE Spread
1.0 pts 0.84
GBPUSD Spread
0 pips (Via Razor) 0.64
Oil Spread
2.0 pips 1.6
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. Global Prime offers online trading on a long list of major, minor and exotics currencies.
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
0 pips (Via Razor) 0.75
EURUSD Spread
0 pips (Via Razor) 0.16
EURGBP Spread
0 pips (Via Razor) 0.85
Assets
60+ 48
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. Global Prime offers more than 35 digital coins with impressively low commissions from 0.1%.
Spread
BTC 30, ETH 0 Floating
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • DASH
  • ADA
  • LINK
  • DOGE
  • EOS
  • DOT
  • XRP
  • XLM
  • XTZ
  • UNI
  • BNB
  • BTC
  • BCH
  • LTC
  • ETH
  • XRP
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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