Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs Eightcap, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone, founded in 2010, and Eightcap, founded in 2009, are both online brokers that provide trading platforms without being listed on any stock exchange or operating as banks. When it comes to regulatory trust, both companies hold an equal number of three Tier-1 licenses, highlighting their high level of trustworthiness. However, Pepperstone takes an additional step with two Tier-2 licenses, compared to Eightcap's zero, enhancing its regulatory standing.
Trust scores add another dimension to the comparison. Pepperstone boasts a highly commendable Trust Score of 95 out of 99, establishing it as a highly trusted broker according to ForexBrokers.com. Eightcap, while still considered trustworthy, carries a Trust Score of 85 out of 99. These ratings provide potential investors with a clearer picture of each broker's reputability and commitment to maintaining regulatory standards, ensuring investor confidence in their trading activities.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 3 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees of online brokers Pepperstone and Eightcap, both offer distinct advantages depending on the account type selected. Pepperstone provides a Razor account with favorable pricing for high-volume traders who participate in its Active Trader program. This account, available on platforms like TradingView and MetaTrader, has an average spread of 0.10 pips for EUR/USD, but when the commission equivalency of 0.70 pips is included, the overall cost rises to 0.80 pips. Although close to the industry standard, it is competitive for active traders who also benefit from rebates based on trading volume. In comparison, Pepperstone's commission-free Standard account displays a higher average spread of 1.1 pips, making it a pricier option than the Razor account when commissions are factored in. Pepperstone earns a commendable 4.5-star rating for commissions and fees, with a strong #10 ranking out of 63 brokers on ForexBrokers.com.
For Eightcap, traders can choose between the commission-based Raw account and the spread-only Standard account. The Raw account features an average spread of 0.06 pips, but the additional per-side commission of $3.50 results in an all-in cost of approximately 0.76 pips, which is slightly below the industry average of 0.80 pips. While this cost structure is competitive, Eightcap is considered marginally more expensive than the very lowest-cost forex brokers. Eightcap secures a 4-star rating in the commissions and fees category and a #26 ranking among 63 brokers on ForexBrokers.com.
Overall, Pepperstone offers competitive pricing, especially for active traders who can take advantage of rebates, contributing to its higher rating and ranking. Meanwhile, Eightcap provides a solid choice with its Raw account for those seeking a slightly below-average cost structure, though it ranks lower compared to Pepperstone in terms of commissions and fees. Traders should consider their trading volume and preferences when choosing between these brokers.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.00 | 1.0 |
| All-in Cost EUR/USD - Active | 0.70 | 0.76 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and Eightcap both provide various trading options, primarily focusing on forex trading offered through CFDs. Pepperstone stands out with a more extensive selection, featuring 1,726 tradeable symbols compared to Eightcap's 800. Additionally, Pepperstone offers 65 tradeable forex pairs, outpacing Eightcap, which provides 56. However, it's worth noting that neither broker offers exchange-traded securities on U.S. or international exchanges, restricting clients from directly purchasing shares like Apple or Vodafone.
Both brokers provide opportunities for copy trading and allow investment in cryptocurrency derivatives, but not in actual cryptocurrencies. Pepperstone edges ahead in ratings with 4 stars for its range of investments, while Eightcap follows closely with 3.5 stars. According to ForexBrokers.com rankings, Pepperstone is placed at #26 among 63 brokers, offering a diverse range of investment opportunities, whereas Eightcap is ranked at #40.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 800 |
| Forex Pairs (Total) | 65 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Pepperstone and Eightcap both offer a range of trading platforms and tools designed to enhance the trading experience for newcomers and seasoned traders alike. Both brokers provide free virtual demo accounts, allowing users to practice trading without financial risk. Each offers widely-used platforms like MetaTrader 4 and MetaTrader 5, alongside a Windows-based desktop download and a web-based browser option, catering to varied user preferences. Copy trading is supported by both brokers. However, Pepperstone takes a step further with the inclusion of DupliTrade, something Eightcap does not offer. When it comes to proprietary platforms, Pepperstone offers a unique in-house solution, which is absent in Eightcap's offerings.
For charting tools, Pepperstone leads with 30 drawing tools compared to Eightcap's 15. Both allow trading directly from stock charts and provide a customizable watch list with seven columns. Although both are rated four stars for their trading platforms and tools, Pepperstone is ranked higher, at #22, compared to Eightcap at #38, in a comparison of 63 brokers by ForexBrokers.com. These details highlight Pepperstone's slight edge in platform versatility and charting functionality, making it a strong contender for traders who prioritize these features.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Eightcap both excel in providing mobile trading apps that cater to iPhone and Android users. Both platforms offer essential features like stock and forex price alerts, watchlist symbol syncing, and the ability to draw trendlines on charts. Additionally, each app allows users to view multiple time frames and provides the convenience of auto-saving chart drawings. For technical analysis enthusiasts, both apps come equipped with 30 technical studies to better inform trading decisions.
When it comes to user ratings, both Pepperstone and Eightcap receive a commendable four out of five stars for their mobile trading apps. However, Pepperstone holds a slight edge in the industry rankings, coming in at 21 out of 63 brokers on ForexBrokers.com, while Eightcap is positioned at 38. Both apps allow for the creation of watchlists with real-time quotes, ensuring that traders can stay updated on the go. Whether you're using Pepperstone or Eightcap, you're sure to find a reliable mobile trading partner that meets your needs.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone and Eightcap both provide daily market commentary, helping traders stay informed on the latest developments. However, Pepperstone offers a more comprehensive market research experience by including forex news from esteemed sources like Bloomberg and Reuters, which is something Eightcap lacks. While both platforms feature sentiment-based trading tools to indicate ratios of long and short positions, Pepperstone excels further by integrating Autochartist’s technical analysis into its offerings, a feature not available with Eightcap.
Both brokers provide economic calendars to track global news events, but when it comes to overall research quality, Pepperstone stands ahead with a 4.5-star rating compared to Eightcap’s 3.5 stars. This distinction is echoed in their rankings by ForexBrokers.com, where Pepperstone ranks 12th out of 63 brokers, significantly outperforming Eightcap, which sits at the 39th position. While neither broker currently partners with Trading Central or Acuity Trading, nor do they offer insights from TipRanks, Pepperstone's superior features make it the stronger choice for those who prioritize market research.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Pepperstone and Eightcap provide a variety of resources for those interested in forex and CFDs. Each platform offers a comprehensive selection of articles, videos, and archived webinars, which are essential for beginner traders. Notably, Pepperstone excels by delivering monthly online educational webinars, a feature not offered by Eightcap. Both brokers maintain a searchable archive of recorded webinars, making it easy for traders to revisit previous sessions. Beginner traders will find that both platforms fulfill their learning needs with over ten beginner-specific educational videos. However, Pepperstone stands out with additional videos catering to advanced traders, while Eightcap does not extend as much in this regard.
For those who appreciate a more structured learning environment, Pepperstone provides a richer educational experience by also offering an extensive investor dictionary with over fifty terms, a feature mirrored by Eightcap. In terms of ranking, Pepperstone’s dedication to education is reflected in its higher rating of 4.5 out of 5 stars and its #17 ranking out of 63 brokers on ForexBrokers.com. In contrast, Eightcap has a rating of 3.5 stars and is ranked #40 in the same category. For beginners who prioritize ongoing education and comprehensive resources, Pepperstone may present a slight edge over Eightcap.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Pepperstone is better than Eightcap. Pepperstone finished with an overall rank of #16, while Eightcap finished with an overall rank of #38.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
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Eightcap
|
|---|---|---|
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| Trust Score | 95 | 85 |
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Both Pepperstone and Eightcap do not offer the ability to buy actual delivered cryptocurrencies, but they do provide the option to trade cryptocurrency derivatives.
When comparing online brokers, Pepperstone offers a broader range of deposit and withdrawal options, including ACH and SEPA transfers, PayPal, Skrill, Visa/Mastercard, and bank wires, while Eightcap also supports PayPal, Skrill, Visa/Mastercard, and bank wires, but lacks ACH and SEPA transfer capabilities.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Pepperstone | Eightcap | |
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| Trust Score | 95 | 85 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Eightcap Review |
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| Regulation | Pepperstone | Eightcap | |
|---|---|---|---|
| Trust Score | 95 | 85 | |
| Year Founded | 2010 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 3 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Pepperstone | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Pepperstone | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 800 | |
| Forex Pairs (Total) | 65 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Pepperstone | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.70 | 0.76 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Pepperstone | Eightcap | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Pepperstone | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Pepperstone | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Eightcap | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Pepperstone | Eightcap | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Pepperstone Review | Eightcap Review |
| Overall | Pepperstone | Eightcap | |
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| Trust Score | 95 | 85 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Eightcap Review |
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