Pepperstone vs FOREX.com Broker Comparison

Are you trying to figure out which is a better broker, Pepperstone or FOREX.com? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that FOREX.com is the better of the two. FOREX.com offers 4,500+ instruments, licenses from FCA, ASIC, CIMA, IIROC, and fair trading fees.

In the tables below, you can compare the features of Pepperstone and FOREX.com side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked FOREX.com higher than Pepperstone.

Rating
92.5/100
95.5/100
Min. Deposit
200$
100$
Regulated By
FCAFCA
CySecCySec
ASICASIC
CIMACIMA
FCAFCA
ASICASIC
CIMACIMA
IIROCIIROC
Bonus
No Information
Check Website
Min. Spread
0.6
0.8
Max. Leverage
1:400 retail, 1:500 pro
1:400
Currency Pairs
62
91
Trading Instruments
1200+
4,500+
Trading Platforms
MT4, MT5, mobile, cTrader
MT4, MT5, mobile
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay and more
Bank transfer, Visa, MasterCard, PayPal and more
Type of Brokers
NDD
Market Maker/DMA
Customer Support
24/5
24/5
Language Support
4
1
Established
2010, HQ in Melbourne
2001
Used By
100,000+ Traders
100,000+ Traders

Does Pepperstone or FOREX.com have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive Pepperstone and FOREX.com are, we first considered the common fees on Standard Accounts. At Pepperstone the average spread for the EUR/USD currency pair is 0.6 pips, whilst at FOREX.com the spread is 0.8.

This shows that Pepperstone is the better option for low-cost forex trading.

When it comes to non-trading fees, Pepperstone charges for withdrawal. FOREX.com charges for inactivity, withdrawal. With this in mind, Pepperstone has lower non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, Pepperstone or FOREX.com?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

Pepperstone is regulated by FCA, CySec, ASIC, CIMA, DFSA, SCB, BaFin and offers client protection. FOREX.com is regulated by FCA, ASIC, CIMA, IIROC and offers client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that FOREX.com is the safer broker.

Broker summary

How many trading instruments are available at Pepperstone and FOREX.com?

Pepperstone provides traders with 1200+ instruments. This includes 62 currency pairs, 18 cryptocurrencies, and 1000+ stocks and shares. With Pepperstone, you can also trade CFDs.

In comparison, FOREX.com boasts 4,500+ tradable instruments. FOREX.com offers 91 currency pairs, 8 cryptocurrencies, and 4,500 stocks and shares. FOREX.com also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, Pepperstone or FOREX.com?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

Pepperstone provides you with the ability to trade via 4 trading platforms, and FOREX.com has 3 trading platforms. Both brokers also offer research and trading tools, however FOREX.com has more.

Overall, our experts agree that Pepperstone boasts the better trading platform offering.

Research Tools

Which is better for beginners, Pepperstone or FOREX.com?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that FOREX.com is the better broker for beginner traders as it offers a larger range of educational tools and materials. FOREX.com also has a minimum deposit of $.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that FOREX.com is the better broker in a range of key areas. You can learn more by reading our Pepperstone and FOREX.com reviews.

Pepperstone vs FOREX.com
Pepperstone
92.5
Points
FOREX.com
95.5
Points
Overall
3 points
Pepperstone
94
Points
FOREX.com
94
Points
Commissions & Fees
Pepperstone
91
Points
FOREX.com
99
Points
Licensing & Safety
8 points
Pepperstone
98
Points
FOREX.com
98
Points
Trading Platforms & Tools
Pepperstone
89
Points
FOREX.com
92
Points
Payments
3 points
Pepperstone
88
Points
FOREX.com
93
Points
Customer Service
5 points
Pepperstone
95
Points
FOREX.com
97
Points
Educational
2 points
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