After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare Coinbase vs Pepperstone.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Pepperstone received a rating of 4.00 stars over Coinbase's 2.50 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Pepperstone is regulated in a major hub, Coinbase isn't. Neither are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Pepperstone boasts an offering of 61 different currency pairs compared to Coinbase's available pairs.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Pepperstone makes Meta Trader available to clients, while Coinbase does not. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Pepperstone boasts an offering of 31 charting tools compared to Coinbase's available charting tools. Coinbase trails Pepperstone by 51 total different indicators (for example, moving averages), with Pepperstone offering 51 and Coinbase offering .
Overall, Pepperstone comes out on top with 4.00 stars over Coinbase's 3.50 stars. And, when it comes to individual category awards, Pepperstone posted awards Best in Class - Customer Service and Best in Class - Active Trading in 2018, while Coinbase found itself with none of these.