FxPro
Not regulated in your country FxPro does not accept residents in Australia because it is not regulated by ASIC.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Pepperstone
Regulated in your country Pepperstone is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Best for
What we compare A comparison of the kinds of traders FxPro and Pepperstone are best suited to, based on what each one actually offers in Australia.FxPro and Pepperstone are equally good for professional traders, high-volume traders and scalpers.
| Overall score | FxPro 85 | Pepperstone 83 -2 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise FxPro and the ones that supervise Pepperstone.Only Pepperstone is regulated in Australia, by ASIC. FxPro holds no licence in Australia and is regulated by CySEC and the FCA (United Kingdom).
| Section score | FxPro 100 | Pepperstone 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that FxPro and Pepperstone have in place to protect your money in Australia.Both FxPro and Pepperstone offer segregated client funds and two-factor authentication. FxPro also offers additional money insurance.
| Section score | FxPro 74 Best | Pepperstone 65 -9 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2006 | 2010 |
| Parent company i | FxPro Group Limited | Pepperstone Group Limited |
| CEO i | Charalambos Psimolophitis | Tamas Szabo |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Barclays, Julius Baer, Royal Bank of Scotland | N/A |
| Brand power | ||
| Number of customers worldwide i | 2,180,000 | 909,000 |
| Annual revenue i | US$900,000 | US$13,000,000 |
| Monthly website search traffic i | 323.9K monthly visits | 1.3M monthly visits |
Costs
What we compare A comparison of what it costs to trade with FxPro and with Pepperstone in Australia, both on each trade and on holding the account.Pepperstone is better than FxPro for costs, given that Pepperstone is cheaper on EUR/USD, at US$9 per lot (against FxPro's US$11.7), has tighter S&P 500 CFD spreads, at 0.5 points (against FxPro's 0.85 points), and has tighter gold CFD spreads, at 0.21 points (against FxPro's 0.34 points). Neither FxPro nor Pepperstone charges account maintenance fees or deposit fees.
| Section score | FxPro 49 -25 | Pepperstone 74 Best |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | US$7 | US$7 |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$11.7 | US$9 |
| S&P 500 fees (CFD) i | 0.85 points | 0.5 points |
| Gold fees (CFD) i | 0.34 points | 0.21 points |
| Bitcoin fees (CFD) i | US$15.74 | US$15 |
| US stocks fees (CFD) i | Free | US$0.02 |
| Fees on stocks | ||
| Stock fee type i | Spread | Commission, Percentage |
| US stocks fees (real) i | ||
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with FxPro and with Pepperstone in Australia, and of how many instruments each one gives access to.FxPro and Pepperstone are close on available markets. Both FxPro and Pepperstone offer CFDs on commodities, crypto, ETFs, forex, indices and stocks. FxPro goes a step further, as it gives access to 2,100 tradable symbols (against Pepperstone's 1,350).
| Section score | FxPro 75 | Pepperstone 75 |
|---|---|---|
| Total tradable symbols i | 2,100 | 1,350 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, Crypto, ETF, Forex, Indices, Stocks |
| Futures i | ||
| Options i | ||
| Assets you can own i |
Platform
What we compare A comparison of the trading platforms that FxPro and Pepperstone make available to their clients in Australia.Pepperstone is better than FxPro for platforms, as Pepperstone offers social trading, which FxPro does not. FxPro and Pepperstone both offer a proprietary platform and cTrader.
| Section score | FxPro 94 -3 | Pepperstone 97 Best |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of FxPro and Pepperstone in Australia, and of what each one lets you do from your phone.FxPro is better than Pepperstone for mobile trading, since FxPro offers a social trading app, a copy trading app and mobile trading signals, which Pepperstone does not. FxPro and Pepperstone both offer a proprietary mobile app and the cTrader app.
| Section score | FxPro 100 Best | Pepperstone 86 -14 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that FxPro and Pepperstone allow on their platforms in Australia.FxPro is better than Pepperstone for trading features, given that FxPro executes orders faster, within 13 ms (against Pepperstone's 50 ms), reports no requotes (against Pepperstone's 0.08%), and offers guaranteed stop losses, which Pepperstone does not. FxPro and Pepperstone both offer negative balance protection and trailing stops. The leverage shown for FxPro is set by its Bahamas entity and exceeds the retail limit in Australia (30:1 on major currency pairs).
| Section score | FxPro 93 Best | Pepperstone 87 -6 |
|---|---|---|
| Trade execution | ||
| Broker type i | NDD | Hybrid |
| Average execution time i | 13 ms | 50 ms |
| Slippage occurrence i | 9% | |
| Requotes occurrence i | 0% | 0.08% |
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 200:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 500:1 | 20:1 |
| Major indices leverage i | 200:1 | 20:1 |
| Minor indices leverage i | 200:1 | 10:1 |
| Gold leverage i | 200:1 | 20:1 |
| Commodities leverage i | 200:1 | 10:1 |
| Equities leverage i | 25:1 | 5:1 |
| Cryptocurrency leverage i | 20:1 | 2:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | US$0 | US$1 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at FxPro and at Pepperstone in Australia, and of who each one is meant for.FxPro is better than Pepperstone for account types, because FxPro offers an ECN account, an unlimited demo account and a fixed spread account, which Pepperstone does not. Both FxPro and Pepperstone offer a demo account and a professional traders account.
| Section score | FxPro 95 Best | Pepperstone 77 -18 |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with FxPro and with Pepperstone in Australia.Pepperstone is better than FxPro for account opening, as Pepperstone credits deposits faster, within the same day (against FxPro's 1 day). Neither FxPro nor Pepperstone requires a minimum deposit. FxPro holds no licence in Australia.
| Section score | FxPro 75 -10 | Pepperstone 85 Best |
|---|---|---|
| Minimum deposit i | US$0 | US$0 |
| Minimum withdrawal i | US$0 | US$0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, Skrill | |
| Local payment methods i | ||
| Account base currencies i | AUD, CHF, EUR, GBP, JPY, PLN, USD | USD, EUR, GBP, AUD, SGD, HKD |
| Deposit waiting time i | up to 1 business days | Instant |
| Withdrawal waiting time i | up to 1 business days | up to 2 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of FxPro and Pepperstone in Australia, in how it can be reached and how fast it answers.FxPro is better than Pepperstone for customer care, as FxPro offers customer support in 18 languages (against Pepperstone's 10), has a website in 24 languages (against Pepperstone's 9), and offers call-back requests, which Pepperstone does not. Both FxPro and Pepperstone offer a dedicated account manager and phone support.
| Section score | FxPro 91 Best | Pepperstone 78 -13 |
|---|---|---|
| Number of languages supported i | 24 | 10 |
| Website languages i | Arabic, Czech, Danish, German, English, Estonian, Finnish, French, Croatian, Hungarian, Indonesian, Italian, Korean, Lithuanian, Malay, Norwegian, Polish, Portuguese, Russian, Spanish, Swedish, Urdu, Vietnamese, Chinese | Arabic, English, Italian, Korean, Polish, Russian, Spanish, Vietnamese, Chinese |
| Website available in English i | ||
| Customer support languages i | Arabic, Czech, German, English, French, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Thai, Urdu, Vietnamese, Chinese | Arabic, English, Italian, Korean, Polish, Russian, Spanish, Thai, Vietnamese, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that FxPro and Pepperstone provide to their clients in Australia.FxPro is better than Pepperstone for learning, as FxPro offers professional reports and a glossary, which Pepperstone does not. Both FxPro and Pepperstone offer education for advanced traders and education for beginners.
| Section score | FxPro 88 Best | Pepperstone 84 -4 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
FxPro vs Pepperstone: which one should you choose?
FxPro
CFD/FX Choose FxPro if you want a CFD and forex broker with a wide choice of markets, fast execution and ECN accounts and live in a country where it is licensed to operate.
Not licensed in Australia CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Pepperstone
CFD/FX Choose Pepperstone if you want an online CFD broker regulated in Australia by ASIC, with no minimum deposit and a proprietary trading platform.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include FxPro or Pepperstone, each scored with the same data and method as this page.
