Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs FXPrimus, 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 online brokers Pepperstone and FXPrimus, it's important to evaluate their regulatory standing as this affects the level of trust and safety offered to investors. Founded in 2010, Pepperstone is non-publicly traded and not a banking institution. It stands out with a high Trust Score of 95 out of 99 as rated by ForexBrokers.com, indicating it is considered highly trusted. Pepperstone’s credibility is bolstered by its three Tier-1 licenses, which reflect strong regulatory compliance, and an additional two Tier-2 licenses, aligning it as a preferred choice among cautious investors.
FXPrimus, established in 2009, is also a non-publicly traded firm without banking status. It holds a Trust Score of 71, placing it in the average risk category according to ForexBrokers.com. With one Tier-1 license, FXPrimus demonstrates some level of reliability, but its absence of Tier-2 licenses might be a point of consideration for those seeking a more secure trading environment. While both brokers provide online trading services, those with a focus on regulatory assurances may find Pepperstone’s standing more reassuring.
| Feature |
Pepperstone
|
FXPrimus
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
Pepperstone and FXPrimus offer different experiences when it comes to commissions and fees, catering to varying trader needs. Pepperstone operates as an agency-execution broker and shines with its Razor account, especially when combined with the Active Trader program for those who trade in high volumes. The Razor account features a commission-based pricing structure along with favorable spreads; for the EUR/USD, the all-in cost including commissions averages 0.80 pips. This makes the Razor account an attractive option for traders looking to minimize costs. However, Pepperstone's Standard account, which is commission-free, comes with an average spread of 1.1 pips for EUR/USD, making it a pricier option when compared to the Razor account.
For higher-volume traders, Pepperstone's Active Trader program offers rebates on spreads, enhancing its competitive edge. In regions like the United Kingdom and the EU, professional clients trading large volumes can earn rebates between 15% to 25% on spreads. In Australia, clients in the Active Trader program can enjoy discounts up to 30% on spreads based on their monthly trading volume. Meanwhile, FXPrimus does not provide specific average spread data, which makes direct cost comparisons challenging for those evaluating potential trading expenses with this broker.
In terms of star ratings and rankings, Pepperstone scores 4.5 out of 5 stars for its commissions and fees, earning a respectable 10th place ranking out of 63 brokers in this category according to ForexBrokers.com. FXPrimus, while still competitive, earns a 4-star rating and is positioned at 42nd out of 63 brokers. These ratings and rankings offer an indication of how each broker is perceived in the industry regarding the costs associated with trading, with Pepperstone generally offering more attractive pricing options for active and professional traders.
| Feature |
Pepperstone
|
FXPrimus
|
|---|---|---|
| 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 | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and FXPrimus both offer forex trading options, providing choices between CFDs and spot contracts. However, when it comes to the variety of tradeable symbols, Pepperstone offers a significantly larger selection with 1,726 options compared to FXPrimus's 140. In terms of forex pairs specifically, Pepperstone also has a broader range, featuring 65 compared to FXPrimus's 42. Neither broker offers exchange-traded securities on U.S. or international exchanges, such as direct investments in companies like Apple or Vodafone. Both platforms do enable copy trading, allowing users to emulate the trading strategies of others.
For cryptocurrency enthusiasts, both brokers provide access to cryptocurrency derivatives, though not actual cryptocurrencies. Pepperstone has garnered a slightly higher rating of 4 stars out of 5 for its range of investments compared to FXPrimus's 3.5 stars. In a competitive analysis by ForexBrokers.com, Pepperstone is ranked 26th for its investment range while FXPrimus trails at the 59th position out of 63 brokers. This places Pepperstone as a more versatile option for traders seeking a broad array of investment opportunities.
| Feature |
Pepperstone
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 140 |
| Forex Pairs (Total) | 65 | 42 |
| 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.
Pepperstone and FXPrimus both offer a variety of trading platforms and tools that cater to the needs of traders of different experience levels. Both brokers provide access to popular platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), alongside their proprietary platforms. For those who prefer web-based trading or need a desktop download option for Windows, both brokers have you covered. Additionally, they each offer the chance to practice with a free demo account, helping new traders get acclimated without any financial risk. Both brokers also support copy trading, although only Pepperstone provides DupliTrade as an option.
When it comes to charting tools, Pepperstone stands out slightly, offering 30 drawing tools compared to FXPrimus's 15. Both brokers allow traders to execute trades directly from stock charts and feature watch lists with seven customizable columns. Despite their similar offerings, Pepperstone seems to have a slight edge in rankings, securing the 22nd spot among 63 brokers according to ForexBrokers.com, while FXPrimus is ranked 49th. Nonetheless, both brokers earn a commendable four-star rating for their trading platforms and tools, showcasing their abilities to meet the needs of traders effectively.
| Feature |
Pepperstone
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| 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 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and FXPrimus both offer iPhone and Android apps, making mobile trading accessible across popular devices. The two brokers provide features such as stock or forex price alerts, the ability to draw trendlines, and view various timeframes on their mobile apps. With both platforms offering 30 technical studies for charting, they’re quite similar in analytical capabilities for traders on the go. However, where Pepperstone pulls ahead is in its synchronization feature, which allows watchlists to sync seamlessly between the mobile app and the user's online account. This means any changes made in the app or online account are mirrored, offering users a more integrated trading experience.
Both Pepperstone and FXPrimus have received four-star ratings for their mobile trading apps, demonstrating their reliability and user satisfaction. Traders can also create watchlists with real-time quotes on both apps, and any drawings on charts are automatically saved. Despite similarities, Pepperstone is ranked higher at #21 out of 63 brokers in the Mobile Trading Apps category per ForexBrokers.com, whereas FXPrimus holds the #48 spot. This ranking difference may reflect the additional syncing convenience Pepperstone offers, potentially making it a better choice for traders looking for seamless functionality across devices.
| Feature |
Pepperstone
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| 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.
When comparing Pepperstone and FXPrimus for market research offerings, both brokers provide daily market commentary as well as an economic calendar that showcases global news events. However, Pepperstone takes a clear lead by offering forex news from top-tier sources like Bloomberg and Reuters, a feature FXPrimus doesn't provide. Additionally, Pepperstone equips traders with valuable technical analysis tools from Autochartist and offers a sentiment-based trading tool, both of which are not available with FXPrimus. These enhancements make Pepperstone more helpful for traders who rely on up-to-date news and comprehensive analysis tools to make informed decisions.
With a research rating of 4.5 stars out of 5, Pepperstone ranks at number 12 out of 63 brokers according to ForexBrokers.com. In contrast, FXPrimus holds a lower research rating of 3 stars, placing it at number 58 in the same category. This significant difference in ranking and the range of tools offered highlights Pepperstone's stronger position as a preferred online broker for traders looking for extensive and reliable market research resources.
| Feature |
Pepperstone
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Pepperstone and FXPrimus in terms of educational resources available to beginners, Pepperstone stands out as a more comprehensive option. Both brokers provide at least 10 educational pieces on forex and CFDs, alongside monthly online webinars and archives of past recordings, making them suitable for those starting their trading journey. However, Pepperstone takes a step further by offering a wide range of resources tailored specifically for beginners, including over 10 educational videos on trading fundamentals. Additionally, Pepperstone provides an investor dictionary with over 50 terms, aiding new traders in understanding finance jargon.
In contrast, FXPrimus falls short in these areas, lacking basic educational videos for beginners and an extensive investor dictionary. This might impact the learning experience of novice traders looking for a strong foundational education. The difference in the depth of educational content is further reflected in the ratings, with Pepperstone earning 4.5 stars and FXPrimus receiving 3 stars for education. Within a pool of 63 brokers evaluated by ForexBrokers.com, Pepperstone ranks at number 17 for education, whereas FXPrimus is positioned at 51. Overall, if you're new to online trading, Pepperstone appears to be the preferable choice for a rich and diverse learning experience.
| Feature |
Pepperstone
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | 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 FXPrimus. Pepperstone finished with an overall rank of #16, while FXPrimus finished with an overall rank of #53.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 71 |
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Both Pepperstone and FXPrimus do not provide the option to buy actual (delivered) cryptocurrencies, but each offers the ability to trade cryptocurrency derivatives instead.
When comparing online brokers Pepperstone and FXPrimus in terms of account fund deposit and withdrawal options, Pepperstone provides a more extensive range of services by offering ACH and SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, whereas FXPrimus lacks ACH, SEPA, and PayPal options but supports Skrill, Visa or Mastercard, and bank wires.
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 | FXPrimus | |
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| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
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| Regulation | Pepperstone | FXPrimus | |
|---|---|---|---|
| Trust Score | 95 | 71 | |
| Year Founded | 2010 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Pepperstone | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 140 | |
| Forex Pairs (Total) | 65 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Pepperstone | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Yes | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Pepperstone | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | FXPrimus | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| 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 | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Pepperstone | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
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| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
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