Advertising Disclosure
FXCM vs Pepperstone
-
Updated:
Compare FXCM Vs Pepperstone Side by Side
Choosing between FXCM vs Pepperstone for your trading needs? We’ve compared both FCM Review and Pepperstone Review in detail to give you a clear vision of which broker aligns with your trading strategies. Our analysis covers safety, fees, platforms, instruments, and deposit & withdrawal conditions, presented side by side for clarity.
Summary
| Feature | FXCM | Pepperstone |
|---|---|---|
| Website | //www.fxcm.com | //www.pepperstone.com |
| Founded year | 1999 | 2010 |
| Headquarter | UK | Australia |
| Licenses | UK, Australia, South Africa | Australia, UK, Cyprus, Bahamas, Kenya, Germany, UAE |
| Minimum Deposit | US$50 | 200 US$ |
| Trading Platforms | MT4, Trading Station, ZuluTrade, TradingView, Ninja Trader, Capitalise AI | MT4, MT5, cTrader, TradingView |
| Eurusd avg Spread | 1.3 pips | 0.77 pips |
Licenses
| Feature | FXCM | Pepperstone |
|---|---|---|
| Licenses Countries Info (short) |
|
|
Both FXCM and Pepperstone are regulated by prominent authorities in Australia and the UK, each holding EU licenses. Additionally, Pepperstone goes the extra mile with international licenses, ensuring they cater to the needs of international traders effectively.
Broker Types
| Feature | FXCM | Pepperstone |
|---|---|---|
| Broker types |
|
|
Both FXCM vs Pepperstone operate using the ECN execution model; Pepperstone further offers STP and functions as a market maker, facilitating a market for its clients.
Trading Conditions
| Feature | FXCM | Pepperstone |
|---|---|---|
| Trading Conditions |
|
|
FXCM vs Pepperstone are both geared towards beginners, offering support for various trading strategies such as copy trading, hedging, and scalping. While FXCM primarily offers variable spreads, Pepperstone goes a step further by offering a choice of variable and fixed spreads, integrating both spreads and commissions into its fee system. Moreover, Pepperstone stands out with its provision of guaranteed stop-loss options, enhancing the risk management capabilities it provides to traders.
Fees & Commissions
| Fees & Commissions | FXCM | Pepperstone |
|---|---|---|
| Inactivity Feemonth | 0 $ | 0 $ |
| Deposit fee | 0 $ | 0 $ |
| Withdrawal fee | 0 $ | 0 $ |
| Rollover fee eurusd buy 1 lot | -2.5% | -0.693 |
| Rollover fee eurusd sell 1 lot | +3% | 0.301 |
| Avg Eurusd standard acc | 1.3 pips | 0.77 pips |
| Gold | 0.76 | 0.13 |
| Brent oil | 0.04 | 2.3 pips |
| Bitcoin | 27.13 | 31.39 |
FXCM and Pepperstone both maintain competitive fee structures with 0 commissions for deposits, withdrawals, and inactivity. Pepperstone excels in offering exceptionally low spreads, for example, their EURUSD spreads are below the industry norm of 1.2 pips, according to our research. On the other hand, FXCM’s spreads are slightly higher than the industry’s typical rates.
Account Types
| Feature | FXCM | Pepperstone |
|---|---|---|
| Account types |
|
|
FXCM and Pepperstone both provide Standard Accounts, and in line with their commitment to inclusivity, they also offer Islamic Accounts designed for traders who adhere to Sharia laws, complete with conditions and regulations that align with Islamic finance principles. Pepperstone additionally offers both MAM/PAMM accounts while FXCM offers only PAMM account
Markets & Instruments
| Markets & Instruments | FXCM | Pepperstone |
|---|---|---|
| Forex | 40 | 60+ |
| Indices | ✔️ | 14 |
| Commodities | 10 | 9 |
| Cryptocurrencies | 7 | 9 |
| Shares | 64 | 64 |
| Bonds | ❌ | ❌ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | 35 | 60+ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | 15 | 100+ |
FXCM and Pepperstone have quite similar market offerings, encompassing a variety of market instruments and offering spread betting services to their UK-based clients. However, it’s worth noting that both brokers have a somewhat restricted selection of trading instruments.
Trading Platforms
| Feature | FXCM | Pepperstone |
|---|---|---|
| Platforms |
|
|
FXCM and Pepperstone each provide a diverse array of trading platforms. Pepperstone, for instance, offers industry-standard options like MT4 and MT5, along with the advanced cTrader platform tailored for experienced traders. In contrast, FXCM does not include MT5 in its offerings but presents traders with its proprietary platform and NinjaTrader as alternatives.
Deposit & Withdrawal Methods
| Feature | FXCM | Pepperstone |
|---|---|---|
| Payment methods |
|
|
Both FXCM vs Pepperstone provide a selection of payment solutions, including debit/credit cards, bank transfers, and Skrill. However, Pepperstone distinguishes itself by offering a more extensive variety of e-wallet options compared to FXCM.
Others
| Feature | FXCM | Pepperstone |
|---|---|---|
| Others |
|
|
Others
FXCM vs Pepperstone both deliver exceptional customer support, catering to traders’ requirements through live chat, phone assistance, and timely email responses. However, FXCM distinguishes itself by organizing informative seminars, whereas Pepperstone’s customer support remains accessible around the clock, providing continuous assistance.
Conclusion on Pepperstone vs FXCM
Concluding the FXCM vs Pepperstone comparison we found both brokers reliable and trustable with solid regulation and background. Both brokers provide various trading conditions and similar fees. Pepperstone provides traders with a better trading platform while FXCM grants traders more choices, including its proprietary Trading Station, The overall quality at Pepperstone remains superior. Here is our final recommendation:
- FXCM — 🥇Best for ECN Trading with low prices overall and good conditions
- Pepperstone — 🥇 Best Platform for Seasoned Traders with low spreads and comprehensive technical tools
