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 vs Eightcap: regulation and trust at a glance. Pepperstone was founded in 2010, while Eightcap started in 2009. Neither broker is publicly traded or operates as a bank. According to ForexBrokers.com, Pepperstone holds a Trust Score of 94/99 (highly trusted, as scores from 90–99 are considered highly trusted). Eightcap scores 87/99 (trusted, as scores from 80–89 are considered trusted).
On licensing, both brokers hold three Tier-1 licenses, which ForexBrokers.com considers highly trusted. Pepperstone holds two Tier-2 licenses (trusted), while Eightcap holds one Tier-2 license. In short, both are well regulated, with Pepperstone showing a slightly broader set of trusted licenses alongside its higher Trust Score.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 3 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
Pepperstone comes out ahead of Eightcap for commissions and fees, especially for active forex traders. Pepperstone earns a 5-star rating and ranks #6 out of 36 brokers for commissions and fees, while Eightcap holds a 4.5-star rating and ranks #20 out of 36. Both brokers offer low-cost pricing through commission-based accounts, but Pepperstone’s Razor account is especially competitive when paired with its Active Trader program.
With Pepperstone, the Razor account uses commission-based pricing plus tight spreads, and it listed an average EUR/USD spread of 0.10 pips as of July 2024. After adding the commission-equivalent of 0.70 pips, the all-in cost is about 0.80 pips. Pepperstone’s Standard account has no commission, but its average EUR/USD spread of 1.1 pips is higher, making it the pricier option overall. Active traders may also qualify for spread rebates, with larger rebates available to higher-volume clients in the U.K., EU, and Australia.
Eightcap also offers two main pricing choices: a Raw account with commissions and a Standard account that is spread-only. Its Raw account lists an average EUR/USD spread of 0.06 pips, and after the $3.50 per-side commission is added, the all-in cost is about 0.76 pips. That is still slightly above the very cheapest forex brokers, but it is competitive. In short, Eightcap is low cost, while Pepperstone tends to be the better pick for larger traders looking for more ways to reduce fees.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.1 | 1.0 |
| All-in Cost EUR/USD - Active | 0.8 | 0.76 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone offers a wider range of investments than Eightcap, making it the stronger choice for traders who want more market variety. Both brokers support forex trading as a CFD or spot contract, and neither offers exchange-traded shares on U.S. or international stock exchanges, or the ability to buy actual cryptocurrency. However, Pepperstone lists 1,726 tradeable symbols and 65 forex pairs, compared with Eightcap’s 803 symbols and 55 forex pairs. Pepperstone also stands out with copy trading, while Eightcap does not.
Both brokers let you trade cryptocurrency CFDs, but Pepperstone’s broader selection gives it an edge overall. That advantage is reflected in its higher Range of Investments rating, with Pepperstone scoring 4 out of 5 stars and ranking #23 out of 36 brokers, while Eightcap scores 3.5 out of 5 stars and ranks #29. If having more instruments and copy trading matters to you, Pepperstone comes out ahead in this comparison.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 803 |
| Forex Pairs (Total) | 65 | 55 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 give traders plenty of ways to get started, including free demo accounts, desktop downloads for Windows, web-based platforms, MetaTrader 4, and MetaTrader 5. Each broker also lets users place trades directly from charts, and both score 4 out of 5 stars for trading platforms and tools. This makes either choice a solid fit for traders who want familiar platform options and a simple way to test strategies before using real money.
The main differences come down to Pepperstone’s extra features. Pepperstone offers its own in-house platform and copy trading, while Eightcap does not offer either one. In ForexBrokers.com’s ranking for trading platforms and tools, Pepperstone places higher at #21 out of 36 brokers, compared with Eightcap at #31. For traders who want more platform choice and social trading features, Pepperstone has the edge, while Eightcap still covers the core tools most people need.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 15 | 100 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Eightcap both offer mobile trading apps for iPhone and Android, along with price alerts, watchlist syncing, trendline drawing, and auto-saving chart drawings. Each app is also rated 4 out of 5 stars for mobile trading, so in the core features most traders use on the go, the two brokers are closely matched. If you want a straightforward app for checking markets, managing watchlists, and placing trades from your phone, either broker can fit the bill.
The main difference shows up in charting tools. Pepperstone’s mobile app includes 30 technical studies, while Eightcap offers 100, which gives Eightcap a clear edge for traders who rely on more in-depth chart analysis. Even so, Pepperstone ranks higher overall in ForexBrokers.com’s Mobile Trading Apps category, placing 19th out of 36 brokers versus Eightcap’s 31st place. That means Pepperstone may offer the better all-around mobile experience, while Eightcap may appeal more to traders who want a wider range of indicators.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 100 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone and Eightcap both give traders useful market research basics, including daily market commentary, sentiment tools, and an economic calendar to track key global events. However, Pepperstone has a clear edge for research depth because it also offers forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus Autochartist tools for technical and fundamental analysis. Pepperstone is rated 4.5 out of 5 for Research and ranks #13 out of 36 brokers at ForexBrokers.com.
Eightcap covers the essentials too, with daily commentary, sentiment data, and an economic calendar, and it goes a step further by offering research tools from Acuity Trading. Even so, it does not provide top-tier forex news or Autochartist, which puts it behind Pepperstone in overall research quality. Eightcap is rated 3.5 out of 5 for Research and ranks #33 out of 36 brokers at ForexBrokers.com.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone comes out ahead for beginner education, especially if you want more ways to learn forex and CFDs from the ground up. It offers at least 10 pieces of forex or CFD-focused education, monthly online webinars, 10+ beginner videos, and 10+ advanced videos for more experienced traders. That breadth is reflected in its 4.5-star Education rating and its #15 ranking out of 36 brokers by ForexBrokers.com.
Eightcap also gives beginners a solid starting point, with at least 10 beginner trading videos and at least 10 pieces of forex or CFD education. However, it does not offer monthly educational webinars, and it falls short on advanced video content compared with Pepperstone. Its Education rating is 3.5 stars, and it ranks #31 out of 36, making Pepperstone the stronger choice overall for traders looking for more complete learning support.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
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 #17, while Eightcap finished with an overall rank of #30.
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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 87 |
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Neither Pepperstone nor Eightcap allows buying actual (delivered) cryptocurrency, but both brokers offer cryptocurrency CFD trading.
Pepperstone vs Eightcap: Pepperstone supports ACH/SEPA, PayPal, and bank wires but not Skrill (Visa/Mastercard not specified), while Eightcap lacks ACH/SEPA, supports PayPal, Skrill, and bank wires (Visa/Mastercard not specified).
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 | 94 | 87 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Eightcap Review |
| Broker Screenshots | Pepperstone | Eightcap | |
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| Regulation | Pepperstone | Eightcap | |
|---|---|---|---|
| Trust Score | 94 | 87 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| 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 | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Pepperstone | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 803 | |
| Forex Pairs (Total) | 65 | 55 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 1.1 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.76 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Pepperstone | Eightcap | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | Pepperstone | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 100 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 100 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Pepperstone | Eightcap | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Eightcap | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Pepperstone | Eightcap | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Pepperstone Review | Eightcap Review |
| Overall | Pepperstone | Eightcap | |
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| Trust Score | 94 | 87 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Eightcap Review |
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