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 | 2 |
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 account | 1.00 | 1.0 |
| All-in Cost EUR/USD - Active | 0.70 | 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 vs Eightcap: for range of investments, Pepperstone offers a wider menu with 1,726 tradeable symbols and 65 forex pairs, compared with Eightcap’s 803 symbols and 55 pairs. Both brokers let you trade forex either as CFDs or spot contracts, support copy trading, and offer cryptocurrency CFDs; neither lets you buy actual cryptocurrencies. If you want to buy real shares (U.S. or international), note that both focus on derivatives and do not provide exchange-traded securities.
In independent ratings for range of investments, Pepperstone scores 4 stars and ranks 27th out of 63 brokers, while Eightcap scores 3.5 stars and ranks 41st. If having more markets and forex pairs matters, Pepperstone has the edge; Eightcap delivers a simpler lineup that still covers popular asset classes.
| 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 | Yes |
| 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 check the essential boxes for trading platforms and tools. Each broker offers a free paper trading demo account, Windows desktop and web-based platforms, copy trading, and the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can also place trades directly from charts at both brokers, which is handy for quick decision-making.
Key differences: Pepperstone provides a proprietary (in-house) platform alongside its third-party options, while Eightcap relies on third-party platforms only. Both are rated 4 stars for Trading Platforms and Tools, but Pepperstone ranks higher in ForexBrokers.com’s category results (#22 out of 63) compared with Eightcap (#39). If you want an in-house platform plus MetaTrader and copy trading, Pepperstone may have the edge; if you prefer a straightforward MetaTrader-focused setup, Eightcap is a solid pick.
| 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 | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Eightcap both deliver well-equipped mobile trading apps for iPhone and Android. Each app supports price alerts for forex and stocks, synced watchlists that mirror changes across mobile and web, and a solid charting toolkit with 30 technical studies. You can draw trendlines on charts, and your annotations auto-save so you can pick up where you left off on any device.
In terms of quality scores, both apps earn 4 out of 5 stars. The difference shows up in industry rankings: Pepperstone is placed #21 out of 63 brokers for Mobile Trading Apps by ForexBrokers.com, while Eightcap sits at #39. If rankings matter to you, Pepperstone has the edge; if you’re focused on core features, both apps check the same key boxes.
| 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 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone and Eightcap both cover the basics for market research, offering daily market commentary, an economic calendar, and a sentiment tool that shows long vs. short positioning. The key difference is news quality and breadth: Pepperstone streams forex headlines from top-tier sources like Bloomberg, Reuters, or Dow Jones, while Eightcap does not. That edge helps Pepperstone earn a 4.5-star Research rating and a #12 ranking out of 63 brokers at ForexBrokers.com, compared with Eightcap’s 3.5 stars and #40 ranking.
On the tools front, Pepperstone includes Autochartist for pattern recognition and technical ideas, and neither broker offers Trading Central or TipRanks. Eightcap counters with Acuity Trading’s tools (including Signal Centre), which can be helpful for trade ideas but won’t replace premium news feeds. In short, choose Pepperstone if you want top-tier news and Autochartist built in; pick Eightcap if you value Acuity’s signals alongside daily commentary and an easy-to-use calendar.
| 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.
Comparing forex and CFDs education for beginners, both Pepperstone and Eightcap offer libraries with at least 10 learning pieces and run ongoing client webinars (at least monthly). Each broker also provides at least 10 beginner-focused trading videos, making it easy to learn core concepts, platforms, and risk basics. Pepperstone pulls ahead for traders who want to keep progressing, thanks to a fuller set of advanced videos, while Eightcap does not meet that advanced-video threshold.
Independent ratings reflect this gap: Pepperstone scores 4.5 out of 5 for Education and ranks #17 of 63 brokers on ForexBrokers.com, while Eightcap earns 3.5 out of 5 and ranks #40. If you’re starting out, you’ll find beginner-friendly tutorials and regular webinars at both brokers; if you expect to advance into more complex strategies with a deeper video library, Pepperstone is likely the better fit.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Webinars | Yes | Yes |
| 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 #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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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 | 95 | 85 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Eightcap Review |
| Broker Screenshots | Pepperstone | Eightcap | |
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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 | 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 (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, FSRA, or SCA 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 | Yes | |
| 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 | 1.00 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.70 | 0.76 | |
| Inactivity Fee | No | No | |
| 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 | Yes | |
| 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 | 30 | |
| 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 | 30 | |
| 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 | Yes | |
| 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 | 95 | 85 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Eightcap Review |
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