To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare FOREX.com (GAIN Capital) vs Pepperstone.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. FOREX.com (GAIN Capital)'s score is 4.50 stars versus Pepperstone's 4.00 stars.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. FOREX.com (GAIN Capital) and Pepperstone both are regulated in a major hub. FOREX.com (GAIN Capital) is a publicly traded company while Pepperstone is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Pepperstone trails FOREX.com (GAIN Capital) by 25 total currency pairs (for example, EUR/USD), with FOREX.com (GAIN Capital) offering 84 and Pepperstone offering 59.
To round out our comparison of FOREX.com (GAIN Capital) vs Pepperstone, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. FOREX.com (GAIN Capital) alongside Pepperstone offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Pepperstone offers its clients access to 31 charting tools while FOREX.com (GAIN Capital) has 22 charting tools, a difference of 9. FOREX.com (GAIN Capital) boasts an offering of 139 different indicators (for example, moving averages) compared to Pepperstone's 51 available indicators.
Overall, FOREX.com (GAIN Capital) comes out on top with 4.50 stars over Pepperstone's 4.00 stars. And, when it comes to individual category awards, Pepperstone posted awards Best in Class - Customer Service and Best in Class - Active Trading in 2018, while FOREX.com (GAIN Capital) found itself with Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Investor Education.