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 |
Pepperstone and Eightcap both offer two pricing paths: a commission-based account for lower spreads and a spread-only account for simplicity. On headline all-in costs for EUR/USD, Eightcap’s Raw account averages about 0.76 pips (0.06-pip spread plus $3.50 per side commission), edging Pepperstone’s Razor account at roughly 0.80 pips (0.10-pip spread plus commission equivalent) based on July 2024 data. For commissions and fees, Pepperstone is rated 4.5/5 stars and ranked #11 out of 63 brokers, while Eightcap is rated 4/5 stars and ranked #27 out of 63.
Pepperstone’s Razor account (available on TradingView, MetaTrader, and cTrader) uses a commission model that, on average, totals about 0.80 pips on EUR/USD. Its Standard account is commission-free but lists a higher 1.1-pip average spread. High-volume traders can lower costs further through Pepperstone’s Active Trader program, which offers spread rebates: in the U.K. and EU, Professional clients can receive 15% to 25% per-lot rebates depending on monthly volume; in Australia, tiered discounts range from 10% to 30% for 100 to 3,001+ lots.
Eightcap’s pricing is straightforward: choose the Raw account for tighter spreads plus commission (about 0.76 pips all-in on EUR/USD) or the Standard account for spread-only pricing, which is typically higher than Raw. While Eightcap’s Raw account can be marginally cheaper than Pepperstone’s Razor on posted averages, Pepperstone’s volume-based rebates can push effective costs lower for active traders. In short, casual traders may see small differences, but frequent traders may benefit more from Pepperstone’s discount tiers.
| 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 offers a wider range of investments than Eightcap. Traders get access to 1,726 tradeable symbols and 65 forex pairs at Pepperstone, compared with 800 symbols and 56 pairs at Eightcap. Both brokers support forex trading as CFDs/spot. In ForexBrokers.com’s Range of Investments category, Pepperstone earns 4 stars and ranks 27th out of 63 brokers, while Eightcap receives 3.5 stars and ranks 41st.
The product lineup is similar in a few areas: neither broker lets you buy exchange-traded shares on U.S. or international stock exchanges. Both provide copy trading. For crypto, neither offers direct (delivered) coins, but each offers cryptocurrency derivatives. If you want the broadest selection, Pepperstone comes out ahead; if you only need core markets with copy trading and crypto derivatives, Eightcap still covers the essentials.
| 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 cover the essentials for trading platforms and tools. Each broker offers a free demo (paper) account, web-based and Windows desktop platforms, and the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both also support copy trading. That said, Pepperstone adds a proprietary, in‑house platform and integrates DupliTrade, while Eightcap does not offer an in‑house platform and does not support DupliTrade. Neither broker supports ZuluTrade.
For charting, Pepperstone provides 30 drawing tools compared with Eightcap’s 15; the number of built‑in technical indicators was not specified for either. Both let you trade directly from charts and include watch lists with seven fields. According to ForexBrokers.com, each earns 4 stars for Trading Platforms and Tools, with Pepperstone ranked #22 of 63 brokers and Eightcap ranked #39—giving Pepperstone a modest edge overall.
| 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 offer iPhone and Android trading apps with the core tools most traders want. You can create watchlists with real-time quotes, set price alerts, and your symbols stay synced between mobile and the web. Charting is strong on both: 30 built-in technical studies, trendline drawing, multiple time frames (intraday to weekly), and drawings auto-save so your analysis carries over.
Both apps earn 4 out of 5 stars for mobile trading. The key difference is industry placement: in ForexBrokers.com’s Mobile Trading Apps category, Pepperstone ranks 21st out of 63 brokers, while Eightcap ranks 39th. If you want the app with the higher third-party ranking, Pepperstone has a slight edge; if you’re weighing pure features, the two are evenly matched.
| 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 deliver daily market commentary, an economic calendar for upcoming events, and a sentiment tool that shows long and short positioning. Pepperstone goes further with forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, and includes Autochartist for pattern and signal ideas. Neither broker provides Trading Central research, TipRanks insights, or tools from Acuity Trading.
For research quality, Pepperstone is rated 4.5 out of 5 stars and ranks #12 out of 63 brokers at ForexBrokers.com, while Eightcap scores 3.5 stars and ranks #40. If premium news and extra screening features matter to you, Pepperstone has the edge; if you just need daily updates, sentiment, and a calendar, Eightcap covers the essentials.
| 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
|
Eightcap
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 95 | 85 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Pepperstone | Eightcap | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 85 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Eightcap Review |
| Broker Screenshots | Pepperstone | Eightcap | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| 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) | |||
| 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/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 85 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Eightcap Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill