Pepperstone vs FXChoice Broker Comparison

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Are you trying to figure out which is a better broker, Pepperstone or FXChoice? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that FXChoice is the better of the two. FXChoice offers 50+ instruments, licenses from IFSC, and fair trading fees.

In the tables below, you can compare the features of Pepperstone and FXChoice 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 FXChoice higher than Pepperstone.

Methodology:
This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive.
PepperstoneFXChoice
OPEN ACCOUNTReviewReview
RATING92.5/10093.8/100
MIN. DEPOSIT200$100$
REGULATED BYeurope australia cayman-islandsbelize
BONUSNo Information15%
MIN. SPREAD0.61.4
MAX. LEVERAGE1:400 retail, 1:500 pro1:200
CURRENCY PAIRS6236
TRADING INSTRUMENTS1200+50+
TRADING PLATFORMSMT4, MT5, Mobile, CTraderMT4, MT5, Mobile
DEPOSIT METHODSBank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay and moreBank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, PaySafe, ePay, E-Wallet and more
TYPE OF BROKERSNDDMarket Maker/NDD
CUSTOMER SUPPORT24/524/5
LANGUAGE SUPPORT48
ESTABLISHED2010, HQ in Melbourne2010
USED BY100,000+ Traders100,000+ Traders

Does Pepperstone or FXChoice 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 FXChoice 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 FXChoice the spread is 1.4.

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

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

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

Trading Fees*

TYPE OF FEEPEPPERSTONEFXCHOICE
Minimum Spread EURUSD (pips)0.61.4
Commission (%)00
Commission on Islamic Accounts (%)00

*Based on Standard account type.

Non-Trading Fees

TYPE OF FEEPEPPERSTONEFXCHOICE
Account FeesNN
Inactivity FeesNN
Deposit FeesNY
Withdrawal FeesYY

Which broker is safer, Pepperstone or FXChoice?

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. FXChoice is regulated by IFSC and offers client protection.

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

Broker summary

PEPPERSTONEFXCHOICE
Minimum Deposit (USD $)200100
LicensesFCA, CySec, ASIC, CIMA, DFSA, SCB, BaFinIFSC
Max. Leverage1:400 retail, 1:500 pro1:200
Client ProtectionYN
Broker TypeNDDMarket Maker/NDD
Number of Instruments1200+50+
Currency Pairs6236
Stocks1000+0
Cryptocurrencies183
CFDsYY
Proprietary Trading PlatformNN
MT 4YY
MT 5YY
Mobile CompatibleYY
Research ToolsYY
Educational MaterialsYY
Payment MethodsBank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay and moreBank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, PaySafe, ePay, E-Wallet and more
24/5 Customer SupportYY
Live ChatYY

How many trading instruments are available at Pepperstone and FXChoice?

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, FXChoice boasts 50+ tradable instruments. FXChoice offers 36 currency pairs, 3 cryptocurrencies, and 0 stocks and shares. FXChoice 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

INSTRUMENTPEPPERSTONEFXCHOICE
Currency Pairs6236
Commodities174
Precious Metals112
Indices256
Stocks and Shares1000+0
Cryptocurrencies183
Options00
ETFs11

Which broker offers the best trading platform, Pepperstone or FXChoice?

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 FXChoice has 3 trading platforms. Both brokers also offer research and trading tools, however Pepperstone has more.

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

Research Tools

TOOLPEPPERSTONEFXCHOICE
News (from top-tier sources)YY
Trading Signals and IndicatorsYY
Trade IdeasYN
Expert AnalysisYN
Autochartist ToolsYN
Sentiment ChartsYN
Economic CalendarYY

Which is better for beginners, Pepperstone or FXChoice?

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 Pepperstone is the better broker for beginner traders as it offers a larger range of educational tools and materials. Pepperstone also has a minimum deposit of $.

Educational Features

FEATUREPEPPERSTONEFXCHOICE
Demo AccountYY
Platform Tutorial VideosYY
Educational PDFsYN
Live WebinarsYN
YouTube VideosYY
Trading AcademyYN
Trading GlossaryYN

Which broker is better overall?

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

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