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.
Does Pepperstone or Nadex have lower trading costs and fees?
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.
*Based on Standard account type.
Which broker is safer, Pepperstone or Nadex?
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.
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.
Which broker offers the best trading platform, Pepperstone or Nadex?
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.
Which is better for beginners, Pepperstone or Nadex?
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 $.