Pepperstone vs Nadex Broker Comparison

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

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

Rating
92.5/100
94/100
Min. Deposit
200$
250$
Regulated By
FCAFCA
CySecCySec
ASICASIC
CIMACIMA
FSA(SVG)FSA(SVG)
Bonus
No Information
No Information
Min. Spread
0.6
0.25
Max. Leverage
1:500
N/A
Currency Pairs
62
10
Trading Instruments
1200+
60+
Trading Platforms
MT4, MT5, mobile
mobile, WebTrader
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay and more
Bank transfer, Visa, MasterCard, ACH
Type of Brokers
NDD
Market Maker
Customer Support
24/5
Trading Hours Only
Language Support
4
1
Established
2010, HQ in Melbourne
2009, HQ in Chicago
Used By
100,000+ Traders
125,000+ Traders

Does Pepperstone or Nadex 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 Nadex 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 Nadex the spread is 0.25.

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

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

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, Pepperstone or Nadex?

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. Nadex is regulated by FSA(SVG), CFTC and offers client protection.

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

Broker summary

How many trading instruments are available at Pepperstone and Nadex?

Pepperstone provides traders with 1200+ instruments. This includes 62 currency pairs, 12 cryptocurrencies, and 1000+ stocks and shares. With Pepperstone, you can also trade CFDs.

In comparison, Nadex boasts 60+ tradable instruments. Nadex offers 10 currency pairs, 0 cryptocurrencies, and 0 stocks and shares. Nadex does not allow 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 Nadex?

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 Nadex has 2 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

Which is better for beginners, Pepperstone or Nadex?

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

Educational Features

Which broker is better overall?

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

Pepperstone vs Nadex
Pepperstone
92.5
Points
Nadex
94
Points
Overall
2 points
Pepperstone
94
Points
Nadex
95
Points
Commissions & Fees
1 points
Pepperstone
91
Points
Nadex
97
Points
Licensing & Safety
6 points
Pepperstone
98
Points
Nadex
96
Points
Trading Platforms & Tools
2 points
Pepperstone
89
Points
Nadex
93
Points
Payments
4 points
Pepperstone
88
Points
Nadex
94
Points
Customer Service
6 points
Pepperstone
95
Points
Nadex
98
Points
Educational
3 points
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