Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs FXOpen, 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 and FXOpen are notable players in the online brokerage field, each carrying distinct regulatory credentials. Established in 2010, Pepperstone has quickly garnered a strong reputation with a Trust Score of 95 out of 99, reflecting its high reliability according to ForexBrokers.com. This credibility is backed by Pepperstone's three Tier-1 licenses and two Tier-2 licenses, signifying its adherence to stringent regulatory standards. While it is not a publicly traded company nor a bank, Pepperstone's regulations provide clients with a significant sense of security.
In contrast, FXOpen, founded in 2003, presents a different profile. With a Trust Score of 76, it falls within the average risk category of ForexBrokers.com's ratings. FXOpen holds two Tier-1 licenses but lacks Tier-2 licenses, which indicates a slight difference in the trust and regulatory coverage compared to Pepperstone. Like its counterpart, FXOpen is neither a bank nor a publicly listed entity. Overall, while both brokers offer reliable services, Pepperstone leads with a higher trust score and regulatory compliance, providing an extra layer of investor confidence.
| Feature |
Pepperstone
|
FXOpen
|
|---|---|---|
| Year Founded | 2010 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
Pepperstone vs. FXOpen on commissions and fees: Pepperstone earns 4.5/5 stars and ranks #11 of 63 for the Commissions and Fees category, while FXOpen earns 4/5 stars and ranks #45 of 63. Based on these ratings, Pepperstone generally delivers more competitive pricing, especially for active forex traders.
Pepperstone’s Razor account uses commission-based pricing across TradingView, MetaTrader (MT4/MT5), and cTrader. As of July 2024, the EUR/USD average spread was listed at 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). The commission-free Standard account averages 1.1 pips on EUR/USD, making it pricier than Razor’s all-in cost. High-volume traders can cut costs further with the Active Trader program: in the U.K. and EU, professional clients trading at least £20 million per month can get a 15% rebate per lot (improving up to 25% above £200 million). In Australia, professional clients need a minimum of 100 lots over three months for Tier One (10% discount per standard lot), while Tier Three (3001+ lots monthly) offers a 30% spread reduction.
For FXOpen, average spread data is not available, which makes direct, like-for-like cost comparisons difficult. It still scores a solid 4/5 stars and ranks #45 of 63 for commissions and fees, but traders should review FXOpen’s live pricing and any commission schedules to gauge true all-in costs. If you trade frequently or at larger sizes, Pepperstone’s Razor pricing plus rebates may offer a clearer path to lower total fees.
| Feature |
Pepperstone
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | N/A |
| Active Trader or VIP Discounts [DELETED] | ||
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) [DELETED] | ||
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone offers a far wider range of investments than FXOpen. You’ll find 1,726 tradeable symbols at Pepperstone compared with 87 at FXOpen, and 65 forex pairs versus FXOpen’s 25. Both brokers let you trade forex either as CFDs or spot contracts (availability can vary by region), and both support copy trading. Neither broker provides access to actual exchange-traded shares on U.S. or international stock exchanges.
If you’re looking to trade crypto-linked products, neither broker allows you to buy actual cryptocurrency, but both offer cryptocurrency derivatives. For Range of Investments, Pepperstone is rated 4 out of 5 stars and ranks #27 out of 63 brokers at ForexBrokers.com, while FXOpen earns 3 out of 5 stars and ranks #63. In short, Pepperstone has the broader product lineup, while FXOpen covers the essentials.
| Feature |
Pepperstone
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 87 |
| Forex Pairs (Total) | 65 | 25 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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). |
Dive deeper: Best Copy Trading Platforms.
Pepperstone and FXOpen both check key boxes for traders who want flexible platforms and helpful tools. Each broker offers a free demo account for paper trading, supports Windows desktop downloads and web-based platforms, and lets you trade directly from charts. Both also integrate popular third-party platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and they support copy trading. One notable difference: Pepperstone includes a proprietary, in-house platform option, while FXOpen relies on third-party platforms only.
For Trading Platforms and Tools, both brokers earn 4 stars from ForexBrokers.com. However, Pepperstone ranks higher in the category, at #22 out of 63 brokers, compared to FXOpen at #54. If you want similar platform breadth with the added choice of a proprietary platform and a stronger category ranking, Pepperstone may have an edge; if you prefer to stick with well-known third-party platforms, FXOpen remains a solid alternative.
| Feature |
Pepperstone
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade [DELETED] | ||
| ZuluTrade [DELETED] | ||
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields [DELETED] |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and FXOpen both deliver full mobile trading apps for iPhone and Android, with real-time watchlists, price alerts, 30 built-in technical indicators, and the ability to draw trendlines on charts. Pepperstone stands out for quality-of-life tools: your watchlists sync with your online account and chart drawings auto-save. FXOpen offers similar charting and alerts but does not sync watchlists between mobile and web, and it doesn’t auto-save drawings.
Both apps earned 4 out of 5 stars, but Pepperstone ranks higher in ForexBrokers.com’s Mobile Trading Apps category (#21 of 63) compared with FXOpen (#55 of 63). If synced watchlists and saved annotations matter to your workflow, Pepperstone is the better fit; if you just need solid charting, alerts, and access on iPhone and Android, FXOpen gets the job done.
| Feature |
Pepperstone
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | ||
| Mobile Charting - Trendlines Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone and FXOpen both deliver daily market commentary, top-tier forex news from sources like Bloomberg and Reuters, and an economic calendar to track upcoming events. Pepperstone pulls ahead with extra tools: it offers Autochartist for technical ideas and a sentiment tool that shows the ratio of long and short positions—features FXOpen does not provide. Neither broker uses Trading Central, and while Pepperstone does not integrate TipRanks or Acuity Trading, FXOpen’s support for those providers was not specified.
In third-party evaluations, Pepperstone earns a 4.5 out of 5 for research and ranks 12th out of 63 brokers, while FXOpen holds a 3 out of 5 and is ranked 64th. If you want more built-in research tools and trader sentiment insights, Pepperstone is the more complete choice; FXOpen covers the basics but lacks several value-added features.
| Feature |
Pepperstone
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone offers more beginner-friendly education than FXOpen. Pepperstone runs client webinars at least once a month and provides at least 10 beginner videos plus at least 10 advanced videos that explain trading concepts in plain language. FXOpen does not host monthly educational webinars and does not offer at least 10 beginner or advanced videos. Details about searchable webinar archives or investor dictionaries aren’t specified for either broker.
These differences show up in the scores: Pepperstone earns 4.5 out of 5 stars for Education and ranks #17 of 63 brokers for Education at ForexBrokers.com, while FXOpen holds 3 stars and ranks #59 of 63. If you want a clearer learning path with frequent webinars and a larger video library, Pepperstone is likely to feel more supportive for getting started.
| Feature |
Pepperstone
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | ||
| Webinars | Yes | No |
| Client Webinars (Archived) [DELETED] | ||
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) [DELETED] |
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 FXOpen. Pepperstone finished with an overall rank of #16, while FXOpen finished with an overall rank of #54.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 76 |
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Both Pepperstone and FXOpen do not offer the ability to buy actual delivered cryptocurrencies, but they do provide options for trading cryptocurrency derivatives.
Pepperstone vs FXOpen: for account funding and withdrawals, Pepperstone supports ACH/SEPA, PayPal, Skrill, and bank wire transfers, while FXOpen offers Skrill and bank wires but not ACH/SEPA or PayPal; 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 | FXOpen | |
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| Trust Score | 95 | 76 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
| Broker Screenshots | Pepperstone | FXOpen | |
|---|---|---|---|
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| Regulation | Pepperstone | FXOpen | |
|---|---|---|---|
| Trust Score | 95 | 76 | |
| Year Founded | 2010 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| 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 | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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 | FXOpen | |
|---|---|---|---|
| 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 | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 87 | |
| Forex Pairs (Total) | 65 | 25 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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). |
| Cost | Pepperstone | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Pepperstone | FXOpen | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | Pepperstone | FXOpen | |
|---|---|---|---|
| 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 | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Pepperstone | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | FXOpen | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Pepperstone | FXOpen | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Pepperstone Review |
| Overall | Pepperstone | FXOpen | |
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| Trust Score | 95 | 76 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
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