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 2010) and Eightcap (founded 2009) are online brokers that are not publicly traded and are not banks. According to ForexBrokers.com, Pepperstone holds a Trust Score of 95/99, which falls in the highly trusted 90–99 range. Eightcap scores 87/99, placing it in the trusted 80–89 range.
Looking at regulation, both brokers hold multiple licenses. Pepperstone has 3 Tier-1 licenses (considered highly trusted) and 2 Tier-2 licenses (considered trusted). Eightcap also has 3 Tier-1 licenses and 1 Tier-2 license. These credentials indicate strong regulatory oversight for both, with Pepperstone edging ahead on overall score and total licenses.
| 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 earns 4.5/5 stars and ranks #6 of 63 brokers for Commissions and Fees, while Eightcap earns 4/5 stars and ranks #20 of 63. Both offer two pricing paths: a commission-based account for tighter spreads and a spread-only standard account.
On Pepperstone’s Razor account (available on TradingView, MT4/MT5, and cTrader), the average EUR/USD spread is 0.10 pips; once you include the commission-equivalent of 0.70 pips, the all-in cost is about 0.80 pips (as of July 2024). Pepperstone’s Standard account is commission-free but has a wider 1.1-pip average spread, making it pricier than Razor. Eightcap’s Raw account lists a 0.06-pip average spread plus a $3.50 per-side commission, for an all-in cost around 0.76 pips—just under the 0.8-pip industry average and slightly cheaper than Pepperstone’s Razor on a like-for-like basis. Eightcap’s Standard account is spread-only and typically costs more than its Raw option. Overall, Eightcap is slightly more expensive than the lowest-cost forex brokers.
Pepperstone can become more competitive for high-volume traders thanks to its Active Trader rebates. In the U.K. and EU, Professional clients trading at least £20 million in forex per month can receive a 15% per-lot spread rebate, rising to 25% above £200 million. In Australia, Professional clients who trade a minimum of 100 lots over three months qualify for Tier One with a 10% discount per standard lot, and Tier Three (>3001 lots monthly) offers a 30% reduction. In short, Eightcap’s Raw pricing starts slightly lower, but Pepperstone’s rebates can tip the scales for active or Professional traders. Spreads and commissions can change, so always check current rates.
| 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 vs Eightcap: For range of investments, Pepperstone lists 1,726 tradeable symbols and 65 forex pairs, while Eightcap offers 803 symbols and 55 forex pairs. Both brokers support forex trading, whether as CFDs or spot contracts, giving traders solid currency coverage.
Neither broker offers exchange-traded securities (not CFDs) on U.S. or international exchanges. Both support copy trading and provide cryptocurrency trading via CFDs, but neither lets you buy actual crypto. For Range of Investments, Pepperstone is rated 4 stars and ranks 23rd out of 63 brokers at ForexBrokers.com; Eightcap is rated 3.5 stars and ranks 29th. Choose Pepperstone if you want a wider list of markets; pick Eightcap if you’re focused on core CFDs and forex pairs.
| 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 make it easy to get started with free demo (paper) accounts for practice. Each supports web-based platforms and Windows desktop downloads, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus copy trading. Both also let you place orders directly from the chart. The key difference is platform choice: Pepperstone adds a proprietary, in-house platform to its lineup, while Eightcap focuses on third-party platforms.
For tools, the number of built-in technical indicators and watchlist columns wasn’t specified, so the exact setup can vary by platform. In independent testing by ForexBrokers.com, both brokers earned 4 out of 5 stars for Trading Platforms and Tools; Pepperstone ranked 21st out of 63 brokers, while Eightcap ranked 31st out of 63. If you want access to a broker’s own platform alongside MT4/MT5, Pepperstone has the edge. If you prefer a MetaTrader-focused setup with copy trading and web access, Eightcap fits the bill.
| 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 line up closely for mobile trading. Both offer iPhone and Android apps with price alerts, watchlist syncing with your account, and charting that includes 30 technical studies/indicators. You can draw trendlines and the apps auto-save your drawings, so your chart work is preserved. On features, the two apps are essentially neck and neck.
Ratings are also even at 4 out of 5 stars for mobile trading apps. The main separator is independent ranking: ForexBrokers.com places Pepperstone 19th out of 63 brokers for mobile apps, while Eightcap comes in 31st. If you want the same core mobile tools for trading on the go, either is a good pick; if ranking matters to you, Pepperstone has the edge.
| 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 vs Eightcap for market research: Both brokers deliver daily market commentary, a helpful economic calendar, and a sentiment tool showing long/short positioning. Pepperstone stands out with a premium forex news feed from top-tier sources like Bloomberg, Reuters, or Dow Jones, plus Autochartist for trade ideas and pattern scanning. Eightcap doesn’t include those two features, but it does offer research from Acuity Trading (e.g., Signal Centre). Neither broker provides Trading Central or TipRanks.
For overall research quality, Pepperstone earns 4.5/5 stars and ranks #12 out of 63 brokers at ForexBrokers.com, while Eightcap scores 3.5/5 and ranks #33. Choose Pepperstone if you want integrated pro-level news and Autochartist alongside daily insights; pick Eightcap if you value Acuity Trading signals and are fine without a built-in premium news feed.
| 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 and Eightcap both make it easy for new traders to start learning. Each broker offers a library of forex and CFD education with at least 10 pieces of content, plus ongoing client webinars held monthly. If you’re just getting started, you’ll find 10+ beginner-friendly videos from both brands that cover core topics like how markets work, risk basics, and platform tips.
The key difference shows up as you progress: Pepperstone also provides 10+ advanced videos for experienced traders, while Eightcap does not meet that level. That extra depth helps Pepperstone earn a higher Education rating (4.5/5) and a stronger placement in ForexBrokers.com’s rankings (#15 of 63), compared with Eightcap’s 3.5/5 and #31. Bottom line: both brokers are solid for beginners seeking forex and CFD education, but Pepperstone is the better pick if you want a clearer path from beginner to advanced learning.
| 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 #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 | 95 | 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 | 95 | 87 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Eightcap Review |
| Broker Screenshots | Pepperstone | Eightcap | |
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| Regulation | Pepperstone | Eightcap | |
|---|---|---|---|
| Trust Score | 95 | 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 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 | 1.1 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.8 | 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 | 87 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Eightcap Review |
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