XM vs Pepperstone
Compare XM vs Pepperstone Side by Side
Selecting between XM vs Pepperstone and would like to see who is better Broker for your trading strategy? We made a detailed comparison between XM Review and Pepperstone Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
Summary
| Feature | XM | Pepperstone |
|---|---|---|
| Website | //xm.com | //www.pepperstone.com |
| Founded year | 2009 | 2010 |
| Headquarter | Cyprus, Australia, Belize | Australia |
| Licenses | Cyprus, Australia, Belize, UAE | Australia, UK, Cyprus, Bahamas, Kenya, Germany, UAE |
| Minimum Deposit | 5 US$ | 200 US$ |
| Trading Platforms | MT4, MT5, XM WebTrader | MT4, MT5, cTrader, TradingView |
| Eurusd avg Spread | 1.6 pips | 0.77 pips |
Licenses
| Feature | XM | Pepperstone |
|---|---|---|
| Licenses Countries Info (short) |
|
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XM vs Pepperstone Brokers both based and regulated in Australia and both hold UK and Cyprus licenses. Additionally, XM and Pepperstone have offshore licenses.
Broker Types
| Feature | XM | Pepperstone |
|---|---|---|
| Broker types |
|
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Both XM vs Pepperstone Brokers are ECN Brokers offering high efficiency for automated trading and a variety of strategies suitable for both retail or institutional traders. XM is also STP/NDD broker, which is considered be better for price transparency.
Trading Conditions
| Feature | XM | Pepperstone |
|---|---|---|
| Trading Conditions |
|
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XM vs Pepperstone provides relatively similar trading conditions being suitable for beginners and giving them opportunities to use different trading strategies such as hedging and scalping. However, Pepperstone with its social trading offer gets the primacy here.
Fees & Commissions
| Fees & Commissions | XM | Pepperstone |
|---|---|---|
| Inactivity Feemonth | 15 $ | 0 $ |
| Deposit fee | 0 $ | 0 $ |
| Withdrawal fee | 0 $ | 0 $ |
| Rollover fee eurusd buy 1 lot | -0.083 | -0.693 |
| Rollover fee eurusd sell 1 lot | -0.543 | 0.301 |
| Avg Eurusd standard acc | 1.6 pips | 0.77 pips |
| Gold | 35 | 0.13 |
| Brent oil | 5 pips | 2.3 pips |
| Bitcoin | 60 | 31.39 |
Trading costs for XM vs Pepperstone are very similar, as both brokers do not charge any inactivity and deposit/withdrawal fees, making them more attractive for traders. As to the spreads, Pepperstone has a slight advantage here for offering some of the lowest spreads in the industry.
Account Types
| Feature | XM | Pepperstone |
|---|---|---|
| Account types |
|
|
Both XM vs Pepperstone offer Standard. Also, traders following Sharia rules may sign for a SWAP Free Account or Islamic account, which allows traders to open long-term positions. Additionally, XM has a Micro Account to offer which is generally more suitable for the beginners due to their much lower requirements and risks involved.
Markets & Instruments
| Markets & Instruments | XM | Pepperstone |
|---|---|---|
| Forex | 55 | 60+ |
| Indices | 28 | 14 |
| Commodities | 15 | 9 |
| Cryptocurrencies | 60 | 9 |
| Shares | 600 | 64 |
| Bonds | ❌ | ❌ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | 60+ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | ❌ | 100+ |
Trading instruments offered by both XM vs Pepperstone are various, but also quite similar. The number of the assets offered is also small for both brokers. The only advantage is probably that Pepperstone also has Cryptocurrencies and ETFs in its portfolio.
Trading Platforms
| Feature | XM | Pepperstone |
|---|---|---|
| Platforms |
|
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While Pepperstone has whole 11 platforms to offer, they are all still run on either cTrader, MT4 or MT5. These are some of the best trading platforms available in the market today. As to the XM, its clients also have access to the well-known and nearly perfectly-developed trading platforms MT4 and MT5 as well as to the XM WebTrader platform.
Deposit & Withdrawal Methods
| Feature | XM | Pepperstone |
|---|---|---|
| Payment methods |
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XM Payment Methods are better presented with a variety of e-wallets, while Pepperstone supporting only Cards, Bank Transfers and a couple of e-wallets. Both brokers provide fast money transfers and charges no additional fees for deposits or withdrawals.
Others
| Feature | XM | Pepperstone |
|---|---|---|
| Others |
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Both XM vs Pepperstone understand the necessity of good quality customer service and support and take client satisfaction quite a priority and keep it at a professional level. Pepperstone even got awarded for its premium support. Both brokers provide great learning material, both are on a very good level with excellent support, diverse education tools and section with videos, Webinars and support.
Conclusion on Pepperstone vs XM
Concluding XM vs Pepperstone comparison we found both brokers reliable and trustable with solid regulation and background. Both brokers provide various trading conditions, similar fees and a good choice of trading platforms. However, Pepperstone’s social trading option and low spreads give an advantage to its trades and to the broker itself. Here is our final recommendation:
- XM – 🥇Best Best Micro Account Broker for Beginners for bringing opportunity to trade with lower margin and investment.
- Pepperstone– 🥇Best Broker for Scalping bringing in small, regular profits and giving benefit from lower risk per trade.
