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 has a slight edge over Eightcap when it comes to commissions and fees, especially for active forex traders. Pepperstone earns 5 stars and ranks #5 out of 36 brokers for Commissions and Fees. Its Razor account is the lowest-cost choice, with an average EUR/USD spread of 0.10 pips plus commission, for an estimated all-in cost of 0.80 pips. Its Standard account is commission-free, but the average EUR/USD spread of 1.1 pips makes it the pricier option overall. High-volume traders may also benefit from Pepperstone’s Active Trader program, which can reduce trading costs through rebates.
Eightcap is still competitive, but it is not quite as cheap as Pepperstone on pricing. Eightcap earns 4.5 stars and ranks #20 out of 36 brokers for Commissions and Fees. Its Raw account shows an average EUR/USD spread of 0.06 pips, but once the $3.50 per-side commission is added, the estimated all-in cost is about 0.76 pips. That puts it just under the industry average, though still a bit behind the best low-cost brokers.
In simple terms, both brokers offer low-cost trading options, but Pepperstone is the stronger pick for overall commissions and fees, especially if you trade often or qualify for rebates. Eightcap remains a good choice for traders who want a low-spread account, but Pepperstone is better rated and better ranked for pricing.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $10 | $100 |
| Average spread (EUR/USD) - Spread-only account | 1.1 | 1.0 |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.76 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | 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 markets to choose from. Both brokers let you trade forex as CFDs or spot contracts, and both offer cryptocurrency CFDs. But Pepperstone stands out with 2,631 tradeable symbols and 65 forex pairs, compared with Eightcap’s 803 symbols and 55 forex pairs. Pepperstone also supports copy trading and lets clients buy actual cryptocurrency, while Eightcap does not offer either feature.
Neither broker offers exchange-traded stocks on U.S. or international exchanges, so if you want to buy real shares such as Apple or Vodafone, you’ll need a different provider. Based on range of investments, Pepperstone is rated 4 out of 5 stars and ranks #23 out of 36 brokers on ForexBrokers.com, while Eightcap is rated 3.5 out of 5 stars and ranks #31 out of 36. Overall, Pepperstone gives most traders more variety, while Eightcap covers the basics well.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2631 | 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) | Yes | 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 a solid mix of platform choices, including free demo accounts, web-based trading, Windows desktop downloads, MetaTrader 4, and MetaTrader 5. Each also lets users place trades straight from a price chart, which can make order entry quicker and easier. In addition, both brokers earned 4 out of 5 stars for Trading Platforms and Tools, so in day-to-day use they cover the main needs most traders look for.
The key differences come down to extras. Pepperstone has its own in-house platform and also offers copy trading, while Eightcap does not offer a proprietary platform or copy trading. That gives Pepperstone the edge for traders who want more built-in choices and social trading features. This is also reflected in ForexBrokers.com’s category ranking, where Pepperstone placed #21 out of 36 brokers, compared with Eightcap at #34 out of 36.
| 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) | 90 | 100 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Eightcap both make mobile trading easy on iPhone and Android, and each app includes price alerts, watchlist syncing with the online account, trendline drawing, and auto-saving for chart drawings. In other words, traders can keep an eye on markets, manage watchlists, and work with charts on the go without missing changes made on either device.
The main difference is charting depth. Pepperstone’s mobile app offers 30 technical studies, while Eightcap gives users 100, which may appeal to traders who want more chart tools. Even so, both brokers are rated 4 out of 5 stars for mobile trading apps, though Pepperstone ranks higher overall in this category at #19 out of 36 brokers, compared with Eightcap at #34.
| 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 daily market commentary, a sentiment tool that shows whether traders are leaning long or short, and an economic calendar with upcoming global events. Neither broker includes research from Autochartist, Trading Central, or TipRanks. Where Pepperstone stands out is in its access to forex news from major sources such as Bloomberg, Reuters, and Dow Jones, while Eightcap does not offer that same top-tier news feed.
Eightcap does add research from Acuity Trading, such as Signal Centre, which Pepperstone does not. Even so, Pepperstone comes out ahead overall for market research, with a 4.5-star rating and a #13 ranking out of 36 brokers at ForexBrokers.com, compared with Eightcap’s 3.5-star rating and #35 ranking. For traders who want stronger news coverage and a higher-rated research offering, Pepperstone has the edge.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | 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 is the stronger choice for beginners who want more help learning to trade. It offers forex and CFDs education, monthly live educational webinars, at least 10 beginner videos, and at least 10 advanced videos for traders who want to keep learning. That wider range is reflected in its Education score of 4.5 out of 5 and its #15 ranking out of 36 brokers by ForexBrokers.com.
Eightcap also gives beginners a useful starting point, with at least 10 beginner trading videos and forex or CFDs education available. However, it does not offer monthly educational webinars and does not have at least 10 advanced educational videos, which may matter more as a trader grows. Its Education score is 3.5 out of 5, and it ranks #33 out of 36, making Pepperstone the more complete option for education overall.
| 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
|
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| Trust Score | 94 | 87 |
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Pepperstone and Eightcap both offer cryptocurrency CFDs, but only Pepperstone also allows traders to buy actual, delivered cryptocurrency rather than just CFDs.
Pepperstone vs Eightcap: both brokers support PayPal, Skrill, and bank wire deposits/withdrawals, but only Pepperstone offers ACH/SEPA transfers, while Visa/Mastercard availability is not specified for either.
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) | 2631 | 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) | Yes | 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) - Spread-only account | 1.1 | 1.0 | |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.76 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $10 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | 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) | 90 | 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 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 | No | 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 | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| 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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