| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FOREX.com | $100 Minimum Deposit | MT4, Advanced Trading Platform, Web Trader Trading Platforms | 300+ Markets To Trade | FOREX.com provides trading on a range of platforms, supporting a wide range of trading styles About |
| Pepperstone | $200 Minimum Deposit | MT4, MT5, cTrader, TradingView Trading Platforms | 1000+ Markets To Trade | Pepperstone supports automated trading on all its platforms (MT4, MT5, cTrader and TradingView) About |
FOREX.com and Pepperstone Comparison
Both of these provide MT4, though Pepperstone additionally provides MT5, cTrader and TradingView, while FOREX.com additionally provides its user friendly WebTrader and Advanced Trading Platform (in some regions, FOREX.com also provides MT5). Pepperstone is a no dealing desk broker with a focus on low latency order execution. FOREX.com commits to providing low latency order execution on MT4 (it does not charge Forex commissions).
Given its provision of the user friendly Web Trader platform and the downloaded Advanced Trading Platform, FOREX.com could be seen having an added focus traders who execute their own trades. With its order execution, and provision of cTrader and MT5, Pepperstone could be seen having an extra focus on automated trading, though each supports both.
Quick comparison
FOREX.com offer more markets overall while Pepperstone is a no dealing desk broker. Both support trading with robots on MT5, while Pepperstone additionally has automated trading on MT5, cTrader and TradingView.
Minimum deposit and account types
The minimum deposit for FOREX.com is $/€/£100. The minimum deposit for Pepperstone is $200 or AU$200 or £200.
- FOREX.com offers Forex and CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms, offers Autochartist and Trading Central and has a Trader Education course on its website.
- Pepperstone offers a Standard and a Razor account for CFD trading. 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
- FOREX.com offers Forex, Indices, Energy, Soft Commodities, Metals, Cryptocurrencies and Stocks, with 300+ available.
- Pepperstone offers Forex, Indices, Energy, Soft Commodities, Metals, Cryptocurrencies and Stocks, with 1000+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| FOREX.com Broker | MT4, Advanced Trading Platform, Web Trader Trading Platforms | FOREX.com is a major MT4 broker (also offering MT5 in some regions) allowing the use of Expert Advisors (EA) robots Description |
| Pepperstone Broker | MT4, MT5, cTrader, TradingView Trading Platforms | Pepperstone provides rapid order processing and allows automated trading on MT4, MT5, cTrader and TradingView, and has social and copy trading Description |
Cryptocurrency CFDs
- Pepperstone offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Dash, Cardano, Chainlink, Dogecoin, Binance Coin, EOS, Polkadot, Stellar, Uniswap, Tezos, Solana, Polygon, Avalanche and Terra CFDs.
- FOREX.com offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple CFDs.
Spreads
FOREX.com offers Forex spreads from 0.8 without a commission charge. Pepperstone provides Forex spreads from 0 without a commission charge and 1 with a commission charge.
Commission charge
- FOREX.com does not charge commissions for trading Forex (only for Shares CFDs).
- 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
FOREX.com offers the Advanced Trading Platform, Web Trader, MT4 and apps. Pepperstone provides TradingView, cTrader, MT5, MT4 and apps.
Why FOREX.com or Pepperstone ?
Traders who want to trade using MT4 may do so at either broker. Those who want to use MT5, the successor to MT4 can find this platform at Pepperstone. Traders who want to trade on a user friendly Web Trader may do so at FOREX.com or at Pepperstone (on TradingView). Traders can find also the advanced Trading Platform at FOREX.com, which allows the trader to use and build signals on the chart. Pepperstone also offers cTrader, which is a relatively user friendly platform with advanced features.
Comparison summary
- Both brokers provide CFD trading
- Each offers MT4
- Pepperstone additionally provides MT5
- FOREX.com offers its Web Trader
- Pepperstone provides cTrader and TradingView
- FOREX.com offers its Advanced Trading Platform
- Both brokers support trading with robots
- Pepperstone supports social and copy trading
