Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs FxPro, 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 FxPro are both prominent players in the online brokerage scene, catering to clients seeking dependable trading platforms. Established in 2010, Pepperstone offers significant trust to its users, demonstrated by a high ForexBrokers.com Trust Score of 95 out of 99. It holds three Tier-1 licenses and two Tier-2 licenses, indicating a strong regulatory standing. Although Pepperstone is not publicly traded nor a bank, its licenses reflect its commitment to providing a secure trading environment.
Founded in 2006, FxPro also maintains a solid reputation, evident in its ForexBrokers.com Trust Score of 93 out of 99. It holds two Tier-1 licenses and one Tier-2 license, showcasing its dedication to trusted regulatory practices. Unlike Pepperstone, FxPro operates as a bank, adding another layer of security for its clients. However, FxPro, like Pepperstone, is not publicly traded. These factors combine to make both Pepperstone and FxPro reliable choices for traders seeking secure and regulated brokers.
| Feature |
Pepperstone
|
FxPro
|
|---|---|---|
| Year Founded | 2010 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | Yes |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
Pepperstone’s commissions and fees are most attractive on its Razor account, which uses commission-based pricing on TradingView, MetaTrader (MT4/MT5), and cTrader. As of July 2024, the EUR/USD averaged 0.10 pips in spread; when you add the 0.70-pip commission-equivalent, the all-in cost is about 0.80 pips. Its Standard account is commission-free but lists a higher 1.1-pip average spread, making it costlier than Razor. Active Trader rebates can further lower costs: in the U.K./EU, Professional clients trading at least £20M/month can get 15% per-lot rebates, improving up to 25% above £200M/month; in Australia, Professional clients start at 10% per-lot discounts from 100 lots over three months, scaling to 30% beyond 3001 lots. Pepperstone is rated 4.5/5 stars for commissions and fees and ranks #6 out of 63 brokers.
FxPro’s pricing sits above the industry average. Its most competitive setup is cTrader with commission-based pricing, where the effective EUR/USD cost is roughly 1.27 pips (0.37-pip average spread plus a 0.9-pip commission-equivalent; data from August 2020). On MT4/MT5 with variable spreads, EUR/USD is about 1.58 pips on market execution (1.51 pips on MT5) and 1.71 pips on instant execution. Execution rules differ by platform: cTrader has no minimum distance for stop/limit orders, while MetaTrader requires at least 1 pip, even on Elite accounts, and there’s no fixed-spread option on MT5. FxPro offers an Elite Active Trader program with discounts up to 30%, but the net costs tend to trail top competitors. FxPro is rated 4/5 stars and ranks #29 out of 63 brokers.
Bottom line: for EUR/USD, Pepperstone’s Razor all-in 0.80 pips (as of July 2024) undercuts FxPro’s cTrader effective 1.27 pips (August 2020). Pepperstone’s Standard account at 1.1 pips is pricier than Razor but often still compares favorably with FxPro’s MT4/MT5 spreads. High-volume and Professional traders may see further advantages at Pepperstone thanks to its volume-based rebates. Overall, Pepperstone (4.5/5, #6/63) is generally the lower-cost choice versus FxPro (4/5, #29/63) for commissions and fees.
| Feature |
Pepperstone
|
FxPro
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.1 | 1.6 |
| All-in Cost EUR/USD - Active | 0.8 | 1.3 |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and FxPro both support forex trading and offer a wide mix of CFD markets, including indices, commodities, shares, and cryptocurrencies. FxPro lists more total instruments (2,249 vs. Pepperstone’s 1,726) and slightly more currency pairs (70 vs. 65). Neither broker lets you buy U.S. exchange-traded shares directly, and neither supports buying actual cryptocurrency; both offer crypto via CFDs instead. A key difference is that FxPro also provides access to some international exchange-traded shares (not CFDs), while Pepperstone does not. Both brokers offer copy trading.
Both earn 4 stars for Range of Investments from ForexBrokers.com. Pepperstone ranks #23 out of 63 brokers, while FxPro ranks #24. In short, FxPro wins on the number of tradable symbols and forex pairs, plus access to certain international shares, while Pepperstone edges ahead in the category ranking. Your choice may come down to whether you prefer a bigger product list or the slight advantage in the independent ranking.
| Feature |
Pepperstone
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 2249 |
| Forex Pairs (Total) | 65 | 70 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 vs FxPro: both brokers deliver a wide range of trading platforms and tools. Each offers a free demo account for paper trading, a broker-built proprietary platform, and support for Windows desktop downloads and web-based platforms. They also provide copy trading and the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). For charting, both include technical indicators and let you place trades directly from the chart, which helps streamline order entry and analysis in one place.
In independent testing of trading platforms and tools, both Pepperstone and FxPro earned 4 stars. However, FxPro ranks slightly higher at #18 out of 63 brokers, compared with Pepperstone at #21 according to ForexBrokers.com. If you want MT4/MT5 alongside a proprietary platform, the ability to copy trade, and access on both web and desktop with a free demo, either broker fits the bill—your choice may come down to platform feel and that subtle ranking edge for FxPro.
| Feature |
Pepperstone
|
FxPro
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 15 | 53 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and FxPro both check the key boxes for mobile trading. Each offers an iPhone app and an Android app, along with price alerts to help you track forex and markets on the go. Your watchlists sync across devices and your online account, so changes carry over wherever you log in. Charting tools are well covered too: both apps let you draw trendlines, and your drawings auto-save so you can pick up where you left off.
Where they differ is depth and ratings. FxPro packs in 65 technical studies on mobile charts, while Pepperstone offers 30. According to ForexBrokers.com, FxPro’s mobile apps earn 4.5 out of 5 stars and rank 15th out of 63 brokers, compared with Pepperstone’s 4 stars and 19th place. If you want more technical indicators and a higher-rated experience, FxPro has the edge; if you need reliable core features on iOS and Android, Pepperstone remains a capable choice.
| Feature |
Pepperstone
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 65 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone and FxPro both cover the basics for market research: you get daily commentary, forex news from top-tier sources like Bloomberg/Reuters/Dow Jones, a sentiment tool showing long vs. short positioning, and a full economic calendar. Neither broker includes TipRanks or Acuity Trading tools.
The main difference comes down to third‑party analytics. Pepperstone offers Autochartist for pattern and setup ideas, while FxPro integrates Trading Central for technical and fundamental insights. In independent ratings, Pepperstone scores 4.5/5 for Research and ranks #12 out of 63 brokers, while FxPro scores 4/5 and ranks #23. Choose Pepperstone if you want Autochartist-driven scanning; pick FxPro if you prefer Trading Central’s research suite.
| Feature |
Pepperstone
|
FxPro
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone vs FxPro for beginner education: both offer at least 10 beginner-friendly videos that explain forex and CFD trading basics in plain language. Pepperstone goes further with monthly live educational webinars, giving newcomers a steady schedule for Q&A and practice, while FxPro does not run monthly education webinars. When you’re ready to level up, Pepperstone also provides at least 10 advanced videos for experienced traders; FxPro does not meet that advanced-video threshold.
These differences show up in the scores: Pepperstone earns 4.5 out of 5 stars for Education and ranks 15th out of 63 brokers on ForexBrokers.com, while FxPro holds 4 out of 5 stars and ranks 17th. If you want ongoing live sessions and a clearer path from beginner to advanced topics, Pepperstone has the edge; if you only need a solid set of beginner videos, both will get you started.
| Feature |
Pepperstone
|
FxPro
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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 FxPro. Pepperstone finished with an overall rank of #17, while FxPro finished with an overall rank of #20.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
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FxPro
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 93 |
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Pepperstone vs FxPro: Both online brokers do not allow buying actual (delivered) cryptocurrencies, but they do offer cryptocurrency CFDs.
Pepperstone vs FxPro: both brokers support ACH/SEPA transfers, PayPal, and bank wire deposits/withdrawals, only FxPro offers Skrill, and card options (Visa/Mastercard) are not specified for either.
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 | FxPro | |
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| Trust Score | 95 | 93 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | FxPro Review |
| Broker Screenshots | Pepperstone | FxPro | |
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| Regulation | Pepperstone | FxPro | |
|---|---|---|---|
| Trust Score | 95 | 93 | |
| Year Founded | 2010 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | FxPro | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA 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 | FxPro | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Pepperstone | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 2249 | |
| Forex Pairs (Total) | 65 | 70 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | FxPro | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.1 | 1.6 | |
| All-in Cost EUR/USD - Active | 0.8 | 1.3 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | FxPro | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | Pepperstone | FxPro | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | Yes |
| Trading Tools | Pepperstone | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 53 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | FxPro | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 65 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Pepperstone | FxPro | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | FxPro | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Pepperstone | FxPro | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Pepperstone Review | FxPro Review |
| Overall | Pepperstone | FxPro | |
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| Trust Score | 95 | 93 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | FxPro Review |
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