Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs FXGT.com, 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, established in 2010, stands out as a highly trusted online broker with a Trust Score of 95 according to ForexBrokers.com, meaning it ranks among the most reliable brokers. Although not publicly traded or a bank, Pepperstone holds a commendable three Tier-1 licenses along with two Tier-2 licenses, indicating a secure and regulated trading environment for users. This broker's long-standing presence and robust regulatory framework make it a preferred choice for traders seeking security and reliability.
In comparison, FXGT.com, founded in 2019, has a Trust Score of 69, placing it in the high-risk category according to ForexBrokers.com. Like Pepperstone, FXGT.com is not publicly traded and is not a bank. It holds one Tier-1 and one Tier-2 license, providing a certain level of security but not reaching the high trust level of its counterpart. Potential users may find FXGT.com's regulatory standing less reassuring due to its lower trust score and fewer regulatory licenses, especially when compared to more established brokers like Pepperstone.
| Feature |
Pepperstone
|
FXGT.com
|
|---|---|---|
| Year Founded | 2010 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
Pepperstone and FXGT.com are two online brokers that differ notably in their commissions and fees, providing distinct choices for traders. Pepperstone's fee structure stands out with its Razor account, which offers commendable pricing through a commission-based model. Especially advantageous for high-volume traders, the Razor account – when paired with the Active Trader program – features an average spread of 0.10 pips for the EUR/USD pair, supplemented by a commission-equivalent of 0.70 pips. This results in an all-in cost of 0.80 pips, aligning closely with industry averages. In contrast, the Standard account from Pepperstone omits commissions but presents a higher average spread of 1.1 pips for the same currency pair.
On the other hand, FXGT.com does not provide specific average spread data, which could add a layer of uncertainty for traders seeking transparency in cost analysis. While Pepperstone receives a robust rating of 4.5 stars out of five for commissions and fees, FXGT.com is rated slightly lower at 3.5 stars. Furthermore, when considering their positions among a pool of 63 brokers rated by ForexBrokers.com, Pepperstone claims a notable rank at #10, significantly ahead of FXGT.com, which holds a rank of #56. This disparity highlights Pepperstone's competitive edge in terms of cost-effectiveness and transparency in comparative analysis with FXGT.com.
Pepperstone also enhances its appeal through the Active Trader program, offering rebates based on trading volume and applicable tiers. For professional clients in the UK and EU, rebates can range from 15% to 25% per lot based on forex trading volume, while in Australia, traders can benefit from spread reductions starting at 10% for trading 100 lots, extending up to 30% for trading over 3001 lots monthly. Such structured rebates can potentially lower the trading costs significantly for significant market participants, rendering Pepperstone a more attractive option for professional and high-volume traders compared to FXGT.com.
| Feature |
Pepperstone
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $0 | $5 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and FXGT.com both offer forex trading through Contracts for Difference (CFDs) or spot contracts, enabling versatility in trading strategies. Pepperstone provides access to a broader selection of tradeable features with 1,726 symbols, significantly eclipsing FXGT.com's 117 options. Specifically, Pepperstone has 65 forex pairs available, while FXGT.com offers 53 pairs. Both online brokers do not facilitate the purchase of exchange-traded securities on either U.S. or international exchanges, meaning clients cannot directly buy shares like Apple or Vodafone.
For those interested in the evolving world of cryptocurrencies, both brokers allow trading in cryptocurrency derivatives but not the actual cryptocurrencies themselves. Additionally, they both support copy trading, a feature that appeals to traders looking to mirror successful strategies. However, in terms of the range of investments, Pepperstone is rated four stars and ranks 26th out of 63 brokers according to ForexBrokers.com, whereas FXGT.com has a three-star rating and is positioned at 61st on the same list. This suggests a broader and more diverse investment offering from Pepperstone compared to FXGT.com.
| Feature |
Pepperstone
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 117 |
| Forex Pairs (Total) | 65 | 53 |
| 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). | 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.
When evaluating the trading platforms and tools offered by Pepperstone and FXGT.com, both brokers provide an inclusive range to meet traders' needs. Both offer free virtual demo accounts, which are excellent for new traders looking to practice without financial risk. While Pepperstone provides a proprietary platform developed in-house, FXGT.com relies on established platforms like MetaTrader 4 and 5, both of which are available from each broker. Additionally, Pepperstone stands out by offering both web-based and Windows desktop trading options, complemented by specialized features such as DupliTrade and enhanced charting tools with 30 drawing instruments. FXGT.com, though lacking a proprietary platform, covers essential functionality with 23 drawing tools for charting and supports copy trading.
Both brokers permit trading directly from stock charts, but Pepperstone edges ahead with a more comprehensive watch list system allowing for seven columns compared to FXGT.com's five. Despite each earning a four-star rating for their trading platforms and tools, Pepperstone secures a higher ranking at #22 out of 63 brokers, whereas FXGT.com ranks #56 in this category. This ranking difference highlights Pepperstone's slightly better platform offering and tool versatility, making it an attractive choice for traders seeking a blend of proprietary innovations and comprehensive functionality. However, FXGT.com remains a valuable contender for those who prioritize straightforward platform options with solid capability.
| Feature |
Pepperstone
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary 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 | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 37 |
| Charting - Drawing Tools (Total) | 30 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and FXGT.com both offer user-friendly mobile trading apps for iPhone and Android users, allowing seamless access to trading on the go. Both platforms support stock and forex price alerts, and they provide watchlist symbol syncing, so you can manage your trades efficiently from any device. Users of both apps can enjoy a rich suite of features including 30 technical studies for charting, the ability to draw trendlines, and access multiple time frames, from daily to intraday charts. Additionally, both apps ensure your drawings are auto-saved and allow the creation of watchlists with real-time quotes.
Despite these similarities, there are notable differences in user satisfaction and rankings. Pepperstone's mobile app receives a higher user rating of 4 stars, compared to FXGT.com's 3.5 stars. Furthermore, in the Mobile Trading Apps category ranked by ForexBrokers.com, Pepperstone holds the 21st place out of 63 brokers, while FXGT.com falls behind at 58th. This suggests a more positive overall user experience with Pepperstone's offering, making it potentially more appealing to traders seeking a highly rated mobile trading platform.
| Feature |
Pepperstone
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone distinguishes itself with a strong commitment to providing traders with daily market commentary and forex news updates from top-tier sources like Bloomberg and Reuters. This comprehensive approach is complemented by advanced technical analysis tools from Autochartist. Additionally, Pepperstone offers sentiment-based trading tools that provide insights into market positions across various currency pairs. Their economic calendar ensures traders stay informed on global events, contributing to their high research rating of 4.5 stars from ForexBrokers.com, where they rank 12th out of 63 brokers.
On the other hand, FXGT.com offers limited market research resources. While they do provide a sentiment-based trading tool and an economic calendar similar to Pepperstone, they lack daily market commentary and high-tier forex news. Also, FXGT.com does not incorporate Autochartist tools, which can be critical for in-depth market analysis. These limitations are reflected in their ForexBrokers.com ranking of 56th for research, with a modest 3-star rating. For traders seeking comprehensive market insights, these differences make Pepperstone a more appealing choice.
| Feature |
Pepperstone
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Pepperstone provides a wide array of materials to help newcomers get started in forex and CFD trading. With over ten educational pieces covering crucial topics, regular monthly webinars, and an archive of past recordings, Pepperstone ensures that learners have multiple avenues to enhance their understanding. Their beginner-focused educational videos are plentiful, providing a platform rich with content tailored for traders just starting out. Additionally, Pepperstone supplements its offerings with advanced educational videos for those who want to delve deeper. An investor dictionary with over 50 terms further aids in demystifying complex trading jargon. These efforts have earned Pepperstone a commendable rating of 4.5 stars for education, positioning it at a respectable #17 out of 63 brokers in this category according to ForexBrokers.com.
In contrast, FXGT.com falls short in the educational resources department when compared to Pepperstone. Although they offer an investor dictionary similar in scope, FXGT.com does not provide the same breadth of beginner-focused content, as they lack the minimum educational materials threshold. While they do offer an investor dictionary with over 50 terms, they do not host educational webinars or have a recorded archive for users to access past lessons. Their limited resources have resulted in a low education rating of 3 stars and a ranking of #60 out of 63 brokers as ranked by ForexBrokers.com. This suggests that beginners looking to expand their knowledge and skills more effectively might find Pepperstone to be the more supportive choice for educational development in trading.
| Feature |
Pepperstone
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
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 FXGT.com. Pepperstone finished with an overall rank of #16, while FXGT.com finished with an overall rank of #59.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 69 |
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Both Pepperstone and FXGT.com allow traders to engage in cryptocurrency derivatives but do not offer the capability to purchase actual cryptocurrencies directly.
When comparing online brokers Pepperstone and FXGT.com in terms of deposit and withdrawal options, both offer ACH or SEPA transfers, Visa or Mastercard, and bank wires, while Pepperstone additionally provides PayPal and Skrill options, unlike FXGT.com.
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 | FXGT.com | |
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| Trust Score | 95 | 69 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
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| Regulation | Pepperstone | FXGT.com | |
|---|---|---|---|
| Trust Score | 95 | 69 | |
| Year Founded | 2010 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | FXGT.com | |
|---|---|---|---|
| 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Pepperstone | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 117 | |
| Forex Pairs (Total) | 65 | 53 | |
| 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). | 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 | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $0 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | Pepperstone | FXGT.com | |
|---|---|---|---|
| Proprietary 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 | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Pepperstone | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 15 | 37 | |
| Charting - Drawing Tools (Total) | 30 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Pepperstone | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Pepperstone | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
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| Trust Score | 95 | 69 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
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