XM vs Pepperstone

XM vs Pepperstone Comparison Table 2023
XM Review 2023	Pepperstone Review 2023
Review 4.4	Review 4.8
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted FSC-regulated broker has been well-known for its low spreads and competitive fees on 1000+ instruments. XM offers both the MT4 and MT5 platforms.	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.
	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
$50 No Deposit Bonus When You Register A Real Account, Deposit Bonus Up To $5000, Free VPN Service
Promotions
Improve The Speed & Reliability Of Your Trades With The XM VPS
Comment by Reviewer
"XM will suit traders looking for a trustworthy broker with low fees, access to the reliable MetaTrader platforms, plus excellent market research and education."	"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."
Pros
Beginner-friendly education tools including podcasts and expert-led webinars in 16 languages Premium research including market sentiment, fundamental insights and strategy builders Accessible trading accounts with a $5 minimum deposit and easy account opening Powerful MT4 and MT5 platforms available via web, desktop or mobile Reliable 24/7 customer support in over 30 languages Hugely respected brand with 30+ industry awards Transparent fees with spreads from 0.6 pips 1000+ instruments including 50+ forex pairs	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
Cons
$5 inactivity fee Traders from the US not accepted	Cryptos only available for professional clients in some jurisdictions Limited payment methods for UK clients Traders from the US not accepted
Awards
The Best Crypto CFDs 2022 - Financial Expo Egypt Best FX Service Provider 2022 - City of London Wealth Management Awards Best MT4/MT5 Broker 2021 - DayTrading.com Best FX Educational Broker in the MENA region 2021 - Dubai Expo Awards Best Trading Experience 2021 - Ultimate Fintech Best FX Service Provider 2021 - City of London Wealth Management Awards Best Broker in Customer Service 2020 - FX168 Best Customer Service Experience 2020 – Global Business Awards Global Forex Broker of the Year 2020 - Global Forex Awards Best FX Service Provider for 2020 - City of London Wealth Management 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
Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto	CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
Demo Account
Yes	Yes
Minimum Deposit
$5	$0
Trading Platforms
MT4 MT5	MT4 MT5 cTrader TradingView AutoChartist DupliTrade
Payment Methods
Apple Pay Credit Card Debit Card Google Wallet Neteller Perfect Money Skrill TransferWise Wire Transfer	Apple Pay Credit Card Debit Card Mastercard PayPal Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
ASIC, CySEC, DFSA, FSC	FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
Margin Trading
Yes	Yes
Margin Rate
0.2%
STP Account
No	Yes
ECN Account
Yes	Yes
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS, Android & Windows	iOS, Android & Windows
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader, cBots on cTrader
Copy Trading
No	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.
Social Trading
No	Yes
Trade Signals
Yes	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
$15	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP AUD JPY ZAR CHF SGD PLN HUF	USD EUR GBP CAD AUD JPY CHF
Stock Exchanges
Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange Japan Exchange Group Korean Stock Exchange London Stock Exchange Nasdaq New York Stock Exchange S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Shenzhen Stock Exchange Toronto Stock Exchange Taiwan Stock Exchange
Commodities
Cocoa Coffee Copper Corn Cotton Gold Oil Silver Soybeans Sugar Wheat	Cocoa Coffee Copper Corn Cotton Gasoline Gold Livestock Natural Gas Oil Orange Juice Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat
CFD Trading
Speculate on rising and falling prices with leveraged CFDs spanning popular financial markets. Users get low spreads and high-quality market insights to support 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.
Leverage
1:1000	1:30 (Retail), 1:500 (Pro)
FTSE Spread
1.5 pts (var)	1.0
GBPUSD Spread
1.9 (var)	0.0
Oil Spread
0.03 (var)	2.0
Stocks Spread
0.002 (var)	From 0.0 pts for US shares
Forex Trading
XM offers ultra low spreads across a range of forex markets with no re-quotes or hidden charges. Forex can be traded 24/5 on desktop, web and mobile. Over 50 currency pairs are available including all majors.	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.
Forex App
XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MetaTrader 4 and MetaTrader 5 platforms in your hand, with full forex trading and charting capabilities. Try it out today.	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
1.9	1.0
EURUSD Spread
1.6	1.0
EURGBP Spread
1.8	1.2
Assets
55+	60+
Currency Indices
USD	USD EUR JPY
Cryptocurrency
XM offers crypto trading through CFDs. This means you can speculate on rising and falling prices with leverage. XM offers a good range of cryptocurrencies, including major tokens like Bitcoin.	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.
Spread
Variable	BTC 30, ETH 0
Coins
BTC ETH LTC XRP BCH ADA XLM EOS NEO TRX DASH MIOTA XMR ZEC ETC BTG OMG QTUM BTT NANO AAVE ALG	BCH BTC ETH LTC DASH ADA LINK DOGE EOS DOT XRP XLM XTZ UNI BNB
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
	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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