Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs Fineco, 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.
When comparing the online brokers Pepperstone and Fineco, both show strong regulatory credentials but cater to slightly different needs. Founded in 2010, Pepperstone offers three highly trusted Tier-1 licenses and two trusted Tier-2 licenses, ranking it with a high Trust Score of 95 by ForexBrokers.com. While not publicly traded or a bank, Pepperstone has built its reputation as a reliable online trading option within a shorter timeline.
Fineco, established in 1999, also commands respect with its two Tier-1 licenses and a solid Trust Score of 94. As a publicly traded bank, Fineco adds a layer of security that might appeal to investors seeking a broader financial services package. Although it holds fewer regulatory licenses compared to Pepperstone, its strong market presence and diversified offerings make it a compelling choice for those looking for comprehensive financial services.
| Feature |
Pepperstone
|
Fineco
|
|---|---|---|
| Year Founded | 2010 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
Pepperstone vs Fineco on commissions and fees: Pepperstone stands out for transparent, competitive forex pricing—especially on its Razor account—while Fineco leaves key cost details unclear. Pepperstone’s Razor account uses a commission-plus-spread model and, as of July 2024, showed an average EUR/USD spread of 0.10 pips; once you include the commission equivalent of 0.70 pips, the all-in cost is about 0.80 pips (around the industry average). Pepperstone’s Standard account is commission-free but listed an average EUR/USD spread of 1.1 pips, making it pricier than Razor. Fineco does not publish average spreads for forex and CFDs; it lists 1.0 pip (and separately 0.8 pips) for EUR/USD without dates or averages, making its real costs hard to verify. Fineco may offer lower spreads on some index CFDs.
Active traders can further cut costs with Pepperstone’s volume-based rebates. In the UK and EU, Professional clients trading at least £20 million per month in forex can get a 15% per-lot rebate on spreads, rising to 25% for more than £200 million per month. In Australia, Professional clients who meet 100 lots over three months qualify for a 10% discount per standard lot, with the top tier delivering a 30% reduction for more than 3001 lots per month. These discounts can materially reduce the effective cost, particularly on the Razor account.
Ratings and rankings: Pepperstone earns 4.5/5 stars for commissions and fees and ranks #11 out of 63 brokers at ForexBrokers.com. Fineco earns 3.5/5 stars and ranks #52 out of 63. Bottom line: for forex traders seeking lower, more transparent costs—especially high-volume traders—Pepperstone is generally the more competitive choice, while Fineco’s forex pricing is less clear even though some index CFD spreads appear attractive.
| Feature |
Pepperstone
|
Fineco
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Standard account | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | N/A |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and Fineco both support forex trading, but their overall investment lineups differ. Fineco offers a far larger catalog with 9,770 tradeable symbols, while Pepperstone lists 1,726. Pepperstone leads on currency choice with 65 forex pairs compared to Fineco’s 54. In independent assessments of range, Pepperstone holds 4 stars and ranks 27th out of 63 brokers, while Fineco scores 4.5 stars and ranks 17th.
Access to listed shares is a key divider: Fineco lets clients buy exchange-traded stocks on both U.S. and international markets, whereas Pepperstone does not offer direct share dealing. For crypto, neither broker provides actual coins; Pepperstone does offer cryptocurrency CFDs, while Fineco does not. Pepperstone also supports copy trading, which Fineco lacks. In short, Fineco suits investors who want to own shares outright across global markets, and Pepperstone suits traders seeking a broader set of forex pairs, crypto CFDs, and copy-trading options.
| Feature |
Pepperstone
|
Fineco
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 9770 |
| Forex Pairs (Total) | 65 | 54 |
| U.S. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | No |
| 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 vs Fineco: both brokers offer proprietary platforms along with Windows desktop and web-based trading. The key differences show up in features. Pepperstone provides a free demo account for simulated trading, supports copy trading, and offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Fineco does not offer a demo account, does not support copy trading, and does not provide MT4 or MT5. For charting, Pepperstone lets you place trades directly from the chart, while Fineco does not. Indicator counts and watchlist column options are not specified for either broker.
Both brokers earn 4 out of 5 stars for Trading Platforms and Tools, yet Fineco ranks #18 out of 63 brokers at ForexBrokers.com, ahead of Pepperstone at #22. If you want MetaTrader, copy trading, and a risk-free demo to practice, Pepperstone is the better fit. If you’re comfortable with a proprietary platform and don’t need a demo or copy trading, Fineco may suit your needs.
| Feature |
Pepperstone
|
Fineco
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 15 | 37 |
| Charting - Trade From Chart | Yes | No |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Fineco both offer mobile trading apps for iPhone and Android, and each supports price alerts to help you stay on top of market moves. A key difference is watchlist syncing: Pepperstone syncs watchlists between the mobile app and your online account, while Fineco does not, which can matter if you switch between devices.
For charting, Pepperstone provides 30 technical studies (indicators), plus the ability to draw trendlines that auto-save—handy for keeping your analysis intact. Fineco includes 6 technical studies and does not support trendline drawing or auto-saving. Both apps are rated 4 out of 5 stars, but in ForexBrokers.com’s Mobile Trading Apps category, Pepperstone ranks #21 out of 63 brokers, while Fineco ranks #43. In short, Pepperstone suits traders who want more chart tools and seamless syncing, whereas Fineco covers the basics with alerts on both iPhone and Android.
| Feature |
Pepperstone
|
Fineco
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Pepperstone stands out for market research by offering daily market commentary, top-tier forex news (from sources like Bloomberg, Reuters, or Dow Jones), Autochartist tools, a sentiment gauge showing long/short positioning, and an economic calendar. Fineco delivers high-quality forex news and an economic calendar, but it does not provide daily commentary, Autochartist, or a sentiment tool. Neither broker lists Trading Central. Pepperstone does not offer TipRanks or Acuity Trading tools; availability of TipRanks and Acuity Trading for Fineco was not specified.
In independent testing by ForexBrokers.com, Pepperstone earned 4.5 stars for Research and ranked 12th out of 63 brokers, while Fineco received 4.0 stars and ranked 34th. In short, Pepperstone offers more built-in research tools for traders who want signals and positioning data, whereas Fineco covers the basics with quality news and a calendar.
| Feature |
Pepperstone
|
Fineco
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone and Fineco both cater to beginner traders with accessible education on forex and CFDs. Each broker hosts ongoing client webinars at least once a month and offers 10 or more beginner-focused videos, helping you learn essentials like platform setup, order types, and risk control. Their materials span videos and webinars, making it easy to start learning at your own pace.
Where they differ is in depth as you progress. Pepperstone also provides 10 or more advanced videos for experienced traders, while Fineco does not reach that volume at the advanced level. Reflecting this, Pepperstone earns 4.5 out of 5 stars for Education and ranks #17 out of 63 brokers at ForexBrokers.com, compared with Fineco’s 4.0 stars and #49 ranking. If you want a clearer path from beginner to more advanced skills, Pepperstone is likely the better fit; if you only need beginner basics, both work well.
| Feature |
Pepperstone
|
Fineco
|
|---|---|---|
| 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 Fineco. Pepperstone finished with an overall rank of #16, while Fineco finished with an overall rank of #25.
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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Fineco
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| Overall Rating |
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| Trust Score | 95 | 94 |
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Pepperstone vs Fineco: neither broker supports buying actual (delivered) cryptocurrency, but only Pepperstone offers cryptocurrency CFDs while Fineco does not.
Pepperstone vs Fineco: both support ACH/SEPA; Pepperstone also offers PayPal and bank wires but not Skrill, while Fineco’s availability for PayPal, Skrill, and bank wires is not specified, and Visa/Mastercard availability is not specified for either broker.
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 | Fineco | |
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| Trust Score | 95 | 94 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Fineco Review |
| Broker Screenshots | Pepperstone | Fineco | |
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| Regulation | Pepperstone | Fineco | |
|---|---|---|---|
| Trust Score | 95 | 94 | |
| Year Founded | 2010 | 1999 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | Fineco | |
|---|---|---|---|
| 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 | Fineco | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Pepperstone | Fineco | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 9770 | |
| Forex Pairs (Total) | 65 | 54 | |
| U.S. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | No | |
| 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 | Fineco | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | No |
| Funding | Pepperstone | Fineco | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | Pepperstone | Fineco | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No |
| Trading Tools | Pepperstone | Fineco | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Price Alerts | Yes | No | |
| Charting - Indicators / Studies (Total) | 15 | 37 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | Fineco | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Pepperstone | Fineco | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Fineco | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Pepperstone | Fineco | |
|---|---|---|---|
| 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 | Fineco Review |
| Overall | Pepperstone | Fineco | |
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| Trust Score | 95 | 94 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Fineco Review |
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