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 is an agency-execution broker known for its attractive pricing, particularly through its Razor account, which operates on a commission-based model. The Razor account lists an average spread of 0.10 pips for the popular EUR/USD pair, with an additional commission cost equivalent to 0.70 pips, culminating in a total cost of 0.80 pips. This pricing is quite competitive when compared to the industry average. However, Pepperstone's commission-free Standard account carries higher costs, with average spreads for EUR/USD at 1.1 pips, making it less economical than the Razor account. Pepperstone has earned a commendable rating of 4.5 stars out of 5 for commissions and fees and enjoys a ranking of #10 out of 62 brokers from ForexBrokers.com.
In comparison, FxPro's pricing structure is generally above the industry average, which may deter value-conscious traders. On the cTrader platform, FxPro provides its most favorable spreads for the EUR/USD pair, with an effective cost of approximately 1.27 pips, factoring in a spread of 0.37 pips and a commission-equivalent of 0.9 pips. For traders using MetaTrader 4 or 5, spreads vary more widely, with EUR/USD spreads on MT4 starting at 1.58 pips. Although its Active Trader program offers discounts up to 30%, FxPro's overall fee structure remains less competitive compared to Pepperstone. FxPro holds a rating of 4 stars out of 5 for its commissions and fees and is ranked #32 by ForexBrokers.com.
When considering both brokers, Pepperstone offers a more competitive pricing model, especially beneficial for high-volume traders via its Active Trader program. With a superior rating and ranking, Pepperstone might be the preferable choice for those prioritizing lower trading costs. FxPro offers flexible pricing options across platforms and benefits for active traders but tends to be pricier in comparison.
| Feature |
Pepperstone
|
FxPro
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.00 | 1.51 |
| All-in Cost EUR/USD - Active | 0.70 | 1.27 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| 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 FxPro both excel in offering forex trading as CFDs or spot contracts, making them appealing choices for forex enthusiasts. Pepperstone provides access to 1,726 tradeable symbols and 65 forex pairs, while FxPro surpasses this with 2,249 tradeable symbols and 70 forex pairs. However, neither broker offers direct purchases of exchange-traded securities on U.S. exchanges. FxPro stands out by allowing investments in international exchange-traded shares, unlike Pepperstone.
Both brokers cater to crypto enthusiasts by offering cryptocurrency derivatives, though not the actual cryptocurrencies. Additionally, they each offer copy trading, enabling clients to mirror successful strategies. In terms of range of investments, both Pepperstone and FxPro are equally rated at four stars. ForexBrokers.com ranks Pepperstone slightly higher at #26 compared to FxPro's #28, illustrating their competitive edge in the industry.
| Feature |
Pepperstone
|
FxPro
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 2249 |
| Forex Pairs (Total) | 65 | 70 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| 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 FxPro both provide comprehensive trading platforms filled with tools tailored to both beginner and skilled traders. Each broker offers a free virtual demo account, allowing users to practice trading without financial risk. Both companies also have proprietary platforms and downloadable Windows-based platforms, ensuring flexibility and accessibility in how users choose to trade. If web-based platforms are your preference, both Pepperstone and FxPro provide excellent browser experiences. Fans of MetaTrader will be pleased to find that MT4 and MT5 are available through both brokers, enhancing trading precision and automation possibilities. A slight difference is evident in the realm of social trading, where Pepperstone supports DupliTrade, whereas FxPro does not. However, neither broker offers ZuluTrade. Both brokers offer seamless trading from stock charts, adding ease to execution.
When it comes to charting tools, Pepperstone and FxPro cater well to the detail-oriented trader. Pepperstone provides 30 drawing tools, giving it a slight edge over FxPro, which offers 25. However, the difference in watchlist columns is marginal, with Pepperstone allowing for 7 fields compared to FxPro's 6. Both platforms have been recognized with a four-star rating for Trading Platforms and Tools, which speaks to their quality and user satisfaction. In terms of rankings by ForexBrokers.com, FxPro lands slightly higher at #18 out of 62, whereas Pepperstone holds the #22 spot. This reflects their competitive nature and competence in offering efficient and user-friendly trading environments.
| Feature |
Pepperstone
|
FxPro
|
|---|---|---|
| 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 | 53 |
| Charting - Drawing Tools (Total) | 30 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Pepperstone and FxPro provide excellent mobile trading experiences with apps available for iPhone and Android users. These apps ensure traders never miss a beat with features like stock and forex price alerts. Both apps support watchlist symbol syncing, allowing seamless updates across mobile and online platforms. Traders can also create watchlists with real-time quotes, and both apps save chart drawings automatically, enhancing user convenience.
In terms of charting capabilities, FxPro takes the lead with 65 technical studies compared to Pepperstone's 30. Both apps, however, allow for drawing trendlines and viewing multiple time frames on charts, making technical analysis intuitive. Despite these similarities, FxPro edges ahead with a 4.5-star rating for its mobile trading apps, compared to Pepperstone's 4-star rating. Additionally, FxPro ranks 15th among 62 brokers, while Pepperstone ranks 21st, reflecting a slight preference for FxPro's mobile offerings among reviewers.
| Feature |
Pepperstone
|
FxPro
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 65 |
| 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 the market research offerings of Pepperstone and FxPro, both excel in delivering daily market commentary and providing forex news from top-tier sources such as Bloomberg and Reuters. However, their differences become apparent when it comes to specialized research tools. Pepperstone stands out by offering technical analysis tools from Autochartist and a sentiment-based trading tool, allowing traders to gauge market trends effectively. Conversely, FxPro sets itself apart with access to Trading Central’s technical analytics, although it lacks Autochartist’s tools. Both brokers provide valuable economic calendars to track global news events, ensuring traders stay informed about key market movements.
Regarding research ratings, Pepperstone receives a commendable 4.5 stars, being ranked #12 out of 62 brokers by ForexBrokers.com. This reflects its comprehensive research tools and analysis offerings. Meanwhile, FxPro secures a 4-star rating and is ranked #27, showcasing its strong but slightly less expansive market research solutions. Neither broker offers market research through TipRanks or Acuity Trading, highlighting areas for potential enhancement in their research services. Users evaluating these brokers may weigh the importance of specific tools like Autochartist and Trading Central in their trading strategies.
| Feature |
Pepperstone
|
FxPro
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| 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 comparing the educational resources available to beginners at online brokers Pepperstone and FxPro, both provide a solid foundation in forex and CFDs with at least 10 educational materials each, ranging from articles to videos to archived webinars. Pepperstone sets itself apart by hosting regular online webinars every month to engage with clients, while FxPro does not offer monthly webinars. Additionally, both brokers maintain searchable archives of past webinars, ensuring that users can revisit valuable content at their leisure.
For beginners looking for visual learning aids, both Pepperstone and FxPro offer a good selection of videos specifically tailored for newbies. However, when delving into more advanced topics, Pepperstone offers a wider array of educational videos for experienced traders, whereas FxPro does not match this offering. Both brokers provide comprehensive investor dictionaries, covering over 50 investing terms, to help beginners build their financial vocabulary. Based on educational quality and range, Pepperstone receives a slightly higher user rating of 4.5 stars compared to FxPro’s 4 stars, though FxPro holds a marginally better industry ranking at 17th place over Pepperstone’s 18th out of 62 brokers.
| Feature |
Pepperstone
|
FxPro
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Pepperstone is better than FxPro. Pepperstone finished with an overall rank of #16, while FxPro finished with an overall rank of #21.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
|
FxPro
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 93 |
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Both Pepperstone and FxPro do not allow the purchase of actual cryptocurrency (delivered), but both provide the option to trade cryptocurrency derivatives.
Pepperstone and FxPro both provide diverse options for depositing and withdrawing account funds, including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, ensuring flexibility and convenience for their users.
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 (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Pepperstone | FxPro | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 2249 | |
| Forex Pairs (Total) | 65 | 70 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| 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 | FxPro | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | 1.51 | |
| All-in Cost EUR/USD - Active | 0.70 | 1.27 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | FxPro | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | Pepperstone | FxPro | |
|---|---|---|---|
| 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 | FxPro | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 6 | |
| Charting - Indicators / Studies (Total) | 15 | 53 | |
| Charting - Drawing Tools (Total) | 30 | 25 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 65 | |
| 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 | FxPro | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | FxPro | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Pepperstone | FxPro | |
|---|---|---|---|
| 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 | 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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