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 | $10 | $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, with 1,726 tradeable symbols compared with Eightcap’s 803. In forex, both brokers let you trade currency pairs as CFDs or spot contracts, but Pepperstone lists more pairs overall, with 65 versus 55 at Eightcap. Neither broker provides access to buying real shares on U.S. or international exchanges, and neither allows you to buy delivered cryptocurrency. Both do offer cryptocurrency CFDs.
For extra features, Pepperstone stands out by offering copy trading, while Eightcap does not. This broader product selection is reflected in ratings and rankings for range of investments: Pepperstone scores 4 out of 5 stars and ranks #23 out of 36 brokers, while Eightcap scores 3.5 stars and ranks #30. For traders who want more choice across markets, Pepperstone has the edge.
| 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 a strong range of platform choices, including free demo accounts, desktop downloads for Windows, web-based trading, and the popular MetaTrader 4 and MetaTrader 5 platforms. Both brokers also let you place trades directly from a chart, which can make quick decision-making easier. In ForexBrokers.com’s Trading Platforms and Tools category, each broker is rated 4 out of 5 stars, so both are well regarded for their platform experience.
Where Pepperstone pulls ahead is in a few key extras. It offers a proprietary platform built in-house, plus copy trading, while Eightcap does not offer these features. That gives Pepperstone a more flexible setup for traders who want built-in social trading or a broker-made platform option. This difference also shows up in the rankings, with Pepperstone placed #21 out of 36 brokers for Trading Platforms and Tools, compared with Eightcap at #32.
| 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 handy features like price alerts, watchlist syncing, trendline drawing, and auto-saving chart drawings. In other words, both brokers make it easy to follow the markets and manage trades from a phone, whether you use a stock or forex watchlist. Each app is also rated 4 out of 5 stars for Mobile Trading Apps, so both provide a solid mobile experience overall.
The biggest difference is in charting tools. Pepperstone’s mobile app includes 30 technical studies, while Eightcap offers 100, giving Eightcap more options for traders who rely on chart analysis. Even so, Pepperstone ranks higher overall in ForexBrokers.com’s Mobile Trading Apps category, coming in at #19 out of 36 brokers compared with Eightcap’s #32 rank. For traders who want the stronger overall mobile app reputation, Pepperstone has the edge; for those who want more chart indicators, Eightcap stands out.
| 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, and an economic calendar, so each broker covers the basics of staying on top of market moves and upcoming news. Pepperstone, though, has a clear edge for market research because it also provides forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus Autochartist research tools for technical and fundamental analysis. It is rated 4.5 out of 5 for Research and ranks #13 out of 36 brokers at ForexBrokers.com.
Eightcap offers daily market commentary, a sentiment tool, and an economic calendar too, and it stands out by including Acuity Trading tools such as Signal Centre. But it does not provide top-tier news feeds from sources like Bloomberg or Reuters, and it does not offer Autochartist or Trading Central tools. That leaves Eightcap with a 3.5 out of 5 Research rating and a #34 ranking out of 36, making Pepperstone the stronger choice overall for market research.
| 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
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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 | $10 | $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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