| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FXCC | $100 Minimum Deposit | MT4 Trading Platform | 90+ Markets To Trade | FXCC can offer MT4 trading with low spreads with or without a commission charge About |
| Pepperstone | $200 Minimum Deposit | MT4, MT5, cTrader, TradingView Trading Platforms | 1000+ Markets To Trade | Pepperstone offers trading, including automated trading, on MT4, MT5, cTrader and TradingView About |
FXCC and Pepperstone Comparison
Both of these are ECN brokers offering trading on MetaTrader 4 (MT4). Each allows the trader to use both automated and non-automated trading. As well as MT4, Pepperstone additionally provides the successor platform to MT4, MetaTrader 5 (MT5), cTrader and TradingView. On all these platforms the trader can trade with online trading robots or execute their own trades.
FXCC is regulated by the CySEC in Cyprus. Pepperstone is regulated by the FCA in the United Kingdom, the ASIC in Australia, the CySEC in Cyprus, the BaFin in Germany, the CMA in Kenya, the SCB in the Bahamas and the DFSA in Dubai.
Quick comparison
Both offer MT4 ECN trading. Pepperstone also provides MT5, cTrader and TradingView.
Minimum deposit and account types
The minimum deposit for FXCC is $100 and the minimum deposit for Pepperstone is $200 or AU$200 or £200.
- FXCC provides three account types. These are the ECN Standard account, the ECN XL account and the ECN Advanced account. FXCC's ECN XL account has a minimum deposit of $100, the ECN Standard account has a minimum deposit of $10,000 and the ECN Advanced account has a minimum deposit of $100,000. In some regions, there is only the ECN XL account, and it has no minimum deposit.
- All FXCC account types provide the MT4 platform, ECN/STP order execution, mobile trading, free technical analysis, SMS notifications, VPS, Economic Calendar and Trading Tools, allow Expert Advisors, scalping and hedging and provide a personal account manager. The ECN XL account additionally can offer zero commissions (T&Cs apply) and zero mark-up. The ECN Advanced account provides more markets to trade than the other account types (200+ vs 30). In some regions, FXCC can offer 90+ markets on the ECN XL account. All trading styles are allowed at FXCC and a news feed and analysis is available on the website.
- Pepperstone offers a Standard and a Razor account for CFD trading and in the UK additionally offers a spread betting account. Pepperstone provides trading guides, a market review and an economic calendar its website. Pepperstone says that latency is as low as 30ms. The minimum trade size is 0.01 lots.
- Pepperstone's Standard and Islamic accounts do not charge commissions and hence offer higher spreads as they include a mark up. The Razor account charges commissions and allows scalping.
Markets
- FXCC offers 90+, covering Forex, Indices, Energy, Metals and Cryptocurrencies, depending on location.
- Pepperstone offers 1000+, covering Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Stocks.
| Broker | Trading Platforms | Description |
|---|---|---|
| FXCC Broker | MT4 Trading Platform | FXCC offers trading on MT4 and can offer low spreads, with or without a commission charge Description |
| Pepperstone Broker | MT4, MT5, cTrader, TradingView Trading Platforms | Pepperstone offers rapid order processing and automated trading on MT4, MT5, cTrader and TradingView Description |
Spreads and leverage
Both brokers can offer low Forex spreads plus a commission charge. Pepperstone can additionally provide Forex spreads from 0.6 without a commission charge.
Maximum leverage for FXCC (CySEC regulated) is . Maximum leverage for Pepperstone (CySEC regulated) is .
Commissions
- FXCC's ECN XL account does not charge commissions.
- FXCC's ECN Standard account charges commissions of 0.75 pips per lot per side for Forex and $7.5 per lot per side for Metals.
- FXCC's ECN Advanced account charges commissions of 0.4 pips per lot per side for Forex and $4 per lot per side for Metals, Energy and Indices.
- Pepperstone charges a commission of $3.76 or AU$3.5 or €2.61 per lot per side on the Razor account, depending on the account currency. cTrader commissions are 7 units per lot round trip of the first quoted currency in the traded currency.
Online trading platforms
Both brokers offer MT4. Pepperstone additionally provides MT5, cTrader and TradingView. FXCC and Pepperstone offer micro lot trading.
Why FXCC or Pepperstone ?
Traders who want to trade on MetaTrader 4 (MT4) can find this platform at FXCC and Pepperstone. Traders who want to trade on MetaTrader 5 (MT5), the successor to MT4 can find this platform at Pepperstone, in addition to cTrader and TradingView. Traders who want to trade on an account with no mark-up or commission charge can find the ECN XL account at FXCC.
Comparison summary
- Both brokers offer CFD trading
- In the UK, Pepperstone additionally provides spread betting
- Each offers MT4
- Pepperstone additionally provides MT5, cTrader and TradingView
- FXCC offers its ECN XL account with no mark-up or commission charge
- Pepperstone supports social and copy trading
