Pepperstone vs Unicorn Forex Broker
Pepperstone | Unicorn Forex Broker |
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4.8
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2.8
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Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ 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, ensuring a secure environment for day traders at all levels. |
Unicorn Forex Broker is an offshore multi-asset broker and prop trading firm. The broker offers several account types with unregulated leverage up to 1:1000 on the MetaTrader 5 platform. Traders can also access Prop trading accounts, plus MAM, PAMM and copy trading opportunities. |
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. | |
Customer Reviews | |
3.8
Based on 4 Pepperstone customer reviews
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Bonus Offer | |
Up To $2000 | |
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 24/7 support." | "After testing the accounts at Unicorn Forex Broker, I think anyone interested in exploring various trading opportunities like PAMM accounts and copy trading, may be well suited. With that said, the lack of regulatory oversight and transparency around pricing are major red flags for me." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting | CFDs, Forex, Stocks, Indices, Commodities, Cryptos |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $10 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB | SVGFSA |
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 | 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. Despite the absence of a proprietary app, these platforms deliver a stable and reliable mobile trading experience, enhanced by Pepperstone’s almost unrivalled execution speeds and wide range of asset classes. |
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Android App Rating | |
4.1 |
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iOS App Rating | |
4.4 |
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Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
Yes | Yes |
Copy Trading Platform | |
Pepperstone facilitates the replication of experienced traders' strategies through MetaTrader Signals and DupliTrade. However, it lacks support for cTrader Copy and does not offer a proprietary social trading network similar to those found on platforms like eToro or Vantage, which foster lively social trading communities for aspiring traders. | Unicorn Forex Brokers offers a variety of copy trading solutions with fund flexibility and low fees. |
Social Trading | |
No | No |
Trade Signals | |
Yes (Via Chartist Software) | MetaTrader |
VPS Hosting | |
Yes | No |
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 | |
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Stock Exchanges | |
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Commodities | |
CFD Trading | |
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. | I like that you can access a fairly wide range of CFDs covering forex, indices, stocks, commodities and cryptos with a choice of account types. There’s also flexible leverage rates and access to copy trading solutions for those looking to follow other strategists. |
Leverage | |
1:30 (Retail), 1:500 (Pro) | 1:1000 |
FTSE Spread | |
1.0 | From 1.6 Pips (Standard Account) |
GBPUSD Spread | |
0.4 | From 1.6 Pips (Standard Account) |
Oil Spread | |
2.5 | From 1.6 Pips (Standard Account) |
Stocks Spread | |
0.02 | From 1.6 Pips (Standard Account) |
Forex Trading | |
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. | There’s around 100 currencies to trade on STP and ECN accounts, which is a very competitive selection compared to other brands. I found spreads are the lowest in the ECN Pro account, though this requires a minimum deposit of $1000. I’m also disappointed that there are no additional forex market analysis tools or educational resources. |
Forex App | |
Pepperstone deliver their MetaTrader 4, MetaTrader 5, cTrader and TradingView 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 – they are a powerful addition for mobile traders. |
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GBPUSD Spread | |
0.4 | From 1.6 Pips (Standard Account) |
EURUSD Spread | |
0.1 | From 1.6 Pips (Standard Account) |
EURGBP Spread | |
0.4 | From 1.6 Pips (Standard Account) |
Assets | |
100+ | 100 |
Currency Indices | |
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Cryptocurrency | |
Pepperstone continues to prove itself as one of the most trusted crypto 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. | I was impressed to find around 300 crypto instruments at Unicorn Forex Broker which are available via spot and futures contracts. You can get started with just $10 and pay zero commissions on crypto trades. I also appreciate the various crypto deposit methods available with zero fees. |
Spread | |
BTC 30, ETH 0 | From 1.6 Pips (Standard Account) |
Coins | |
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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. Between 74-89% of retail investor accounts lose money when trading CFDs. | |
More Comparisons | |
Pepperstone vs |
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