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Pepperstone vs FXOpen 2019

Is FXOpen better than Pepperstone? After grading forex brokers on nearly 100 different variables, Pepperstone is better than FXOpen. Pepperstone is an agency-execution broker offering competitive fees on its commission-based Razor Account, giving traders access to nearly 90 instruments, including forex and CFDs on popular markets including cryptocurrencies, across multiple third-party trading platforms.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature Pepperstone FXOpen
Overall 3.5 3
Pepperstone Review FXOpen Review
79% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature Pepperstone FXOpen
Trust Score 79 74
Year Founded
2010 2003
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
2 1
Tier-2 Licenses
0 0
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature Pepperstone FXOpen
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature Pepperstone FXOpen
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
59 95
CFDs - Total Offered
86 16
Cryptocurrency traded as actual
No Yes
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3 3
Winner check_circle

Cost

Feature Pepperstone FXOpen
Average Spread EUR/USD - Standard
1.16 (as of May 19) N/A
All-in Cost EUR/USD - Active
0.86 (as of May 19) N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4 3.5
Winner check_circle

Funding

Feature Pepperstone FXOpen
Minimum Initial Deposit
$200.00 $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature Pepperstone FXOpen
Proprietary Platform
No 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

Feature Pepperstone FXOpen
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
7 7
Charting - Indicators / Studies (Total)
51 51
Charting - Drawing Tools (Total)
31 31
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 3.5 3
Winner check_circle

Mobile Trading

Feature Pepperstone FXOpen
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
30 30
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
Yes Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No
Mobile Trading 3 2.5
Winner check_circle

Research

Feature Pepperstone FXOpen
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No No
AutoChartist
Yes No
Trading Central (Recognia)
No No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 4 2
Winner check_circle

Education

Feature Pepperstone FXOpen
Has Education - Forex
Yes No
Has Education - CFDs
No 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
Education 3 2
Winner check_circle

Major Forex Pairs

Feature 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

Overall

Feature Pepperstone FXOpen
Pepperstone Review FXOpen Review
Overall 3.5 3
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare FXOpen vs Pepperstone.

To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Pepperstone is a better option with a 4.00 star rating over FXOpen's 3.50 star rating.

Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Both FXOpen and Pepperstone are regulated in a major hub. Neither FXOpen and Pepperstone are publicly traded companies. How many currency pairs are available to trade? Pepperstone trails FXOpen by 36 total currency pairs (for example, EUR/USD), with FXOpen offering 95 and Pepperstone offering 59.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. FXOpen alongside Pepperstone offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Both brokers offer clients access to the same number of charting tools, 31. FXOpen and Pepperstone offer the same number of indicators (eg, volume), 51.

FXOpen Review
Pepperstone Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.



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