Pepperstone vs FXCM Broker Comparison

Are you trying to figure out which is a better broker, Pepperstone or FXCM? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that FXCM is the better of the two. FXCM offers 60+ instruments, licenses from FCA, CySec, FSCA, ASIC, and fair trading fees.

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

Rating
92.5/100
96.5/100
Min. Deposit
200$
50 (depending on the payment method)$
Regulated By
FCAFCA
CySecCySec
ASICASIC
CIMACIMA
FCAFCA
CySecCySec
FSCAFSCA
ASICASIC
Bonus
No Information
No Information
Min. Spread
0.09
1.3
Max. Leverage
1:30
1:400 (1:30 for AU, EU and UK clients)
Currency Pairs
61
39
Trading Instruments
150+
60+
Trading Platforms
MT4, MT5, mobile
MT4, mobile, Private
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay and more
Bank transfer, Visa, Mastercard, Skrill, Netseller
Type of Brokers
NDD
Enhanced Execution
Customer Support
24/5
24/7
Language Support
4
8
Established
2010, HQ in Melbourne
1999
Used By
100,000+ Traders
100,000+ Traders

Does Pepperstone or FXCM 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 FXCM are, we first considered the common fees on Standard Accounts. At Pepperstone the average spread for the EUR/USD currency pair is 0.09 pips, whilst at FXCM the spread is 1.3.

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

When it comes to non-trading fees, Pepperstone charges for . FXCM 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 FXCM is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, Pepperstone or FXCM?

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. FXCM is regulated by FCA, CySec, FSCA, ASIC and offers client protection.

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

Broker summary

How many trading instruments are available at Pepperstone and FXCM?

Pepperstone provides traders with 150+ instruments. This includes 61 currency pairs, 5 cryptocurrencies, and 64 stocks and shares. With Pepperstone, you can also trade CFDs.

In comparison, FXCM boasts 60+ tradable instruments. FXCM offers 39 currency pairs, 7 cryptocurrencies, and 100+ stocks and shares. FXCM 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 FXCM?

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

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

Research Tools

Which is better for beginners, Pepperstone or FXCM?

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

Educational Features

Which broker is better overall?

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

Pepperstone vs FXCM
Pepperstone
92.5
Points
FXCM
96.5
Points
Overall
4 points
Pepperstone
94
Points
FXCM
96
Points
Commissions & Fees
2 points
Pepperstone
91
Points
FXCM
97
Points
Licensing & Safety
6 points
Pepperstone
98
Points
FXCM
99
Points
Trading Platforms & Tools
1 points
Pepperstone
89
Points
FXCM
94
Points
Payments
5 points
Pepperstone
88
Points
FXCM
95
Points
Customer Service
7 points
Pepperstone
95
Points
FXCM
98
Points
Educational
3 points
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