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 |
When comparing the commission and fees structures of Pepperstone and FxPro, Pepperstone emerges as a favorable choice for high-volume traders due to its Razor account's competitive pricing. The Razor account, compatible with TradingView, MetaTrader, and cTrader, employs a commission-based system where spreads start at an average of 0.10 pips for EUR/USD, plus a commission-equivalent of 0.70 pips, totaling an all-in cost of 0.80 pips. Although its Standard account is commission-free, with an average spread of 1.1 pips on the same currency pair, high-volume traders benefit significantly from Pepperstone's Active Trader program which offers rebates based on monthly trading volumes. With a commission and fees rating of 4.5 stars out of 5 and ranking #10 out of 63 brokers by ForexBrokers.com, Pepperstone is a strong contender for cost-effective forex trading.
FxPro, on the other hand, provides pricing that is generally higher than the industry average. Its MT4 offering allows for both variable and fixed spreads, with instant execution potentially leading to requotes, and market execution offering the risk of slippage but without requotes. FxPro's cTrader platform boasts its most competitive pricing, with EUR/USD trading averaging a combined cost of 1.27 pips, incorporating a 0.37 pip spread and a 0.9 pip commission equivalent. While FxPro’s Active Trader program offers discounts of up to 30% within its Elite account, it still lags behind top competitors in terms of overall cost-effectiveness. Overall, FxPro earns a 4-star rating for commission and fees, and is ranked #32 out of 63 brokers by ForexBrokers.com.
For traders prioritizing lower trading costs, Pepperstone's Razor account coupled with the Active Trader program provides more appealing benefits than FxPro’s offerings, especially for high-volume traders. Despite FxPro's diverse execution methods and advanced platform options, its higher costs place it at a disadvantage compared to brokers like Pepperstone, particularly when trading costs are evaluated. Both brokers present viable options depending on different trading needs, but Pepperstone's pricing strategies make it a smarter choice for budget-conscious traders.
| 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 are both strong options for trading in a wide variety of financial instruments. Both brokers offer forex trading as either CFDs or spot contracts, granting flexibility to traders. While Pepperstone provides 1,726 tradeable symbols and 65 forex pairs, FxPro surpasses this by offering 2,249 tradeable symbols and 70 forex pairs, giving it a slight edge in currency trading. Despite these differences, neither broker grants access to purchasing actual securities on U.S. or international exchanges, although FxPro distinguishes itself by offering exchange-traded securities on international exchanges.
For those interested in cryptocurrency, both Pepperstone and FxPro allow for trading in cryptocurrency derivatives rather than actual cryptocurrencies. Additionally, both brokers provide copy trading features, catering to traders who wish to mirror successful traders' strategies. While both brands received a 4-star rating for their range of investments, Pepperstone is slightly ahead in industry rankings, sitting at 26th place, compared to FxPro's 28th, according to ForexBrokers.com. This suggests that while they offer similar features, Pepperstone may be slightly more favored by industry standards in this category.
| 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.
When comparing Pepperstone and FxPro, both brokers provide a comprehensive range of trading platforms and tools suitable for many different trading needs. Each offers a proprietary platform developed in-house, as well as a Windows-based desktop platform and a web-based trading option. They both cater to beginners and experienced traders with free virtual demo accounts to practice strategies. Additionally, Pepperstone and FxPro support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two highly popular platforms in the trading community. While both enable copy trading, Pepperstone uniquely offers DupliTrade, a feature not available through FxPro. Despite these differences, both brokers are rated 4 out of 5 stars for their trading platforms and tools.
Charting capabilities are crucial for traders, and in this area, Pepperstone slightly outperforms FxPro by providing 30 drawing tools compared to FxPro's 25. You can trade directly from stock charts on both platforms, enhancing trading convenience. In terms of watch list flexibility, Pepperstone allows up to 7 columns, whereas FxPro supports 6. While both brokers have their strengths, FxPro holds a higher rank in the ForexBrokers.com Trading Platforms and Tools category, coming in at 17, compared to Pepperstone's rank of 22 out of 63 brokers. Thus, while both offer excellent features, your choice may hinge on specific tools like DupliTrade or particular rankings and ratings that align with your trading priorities.
| 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.
If you're considering mobile trading apps, both Pepperstone and FxPro offer comprehensive solutions for iPhone and Android users. Each app allows users to receive stock or forex price alerts, sync watchlists with online accounts, and draw trendlines directly on charts. Chart customization is a key feature for both platforms, with Pepperstone enabling 30 technical studies and FxPro offering a more extensive collection of 65. Traders on both apps can view multiple time frames on charts, from daily to intraday, and have the convenience of auto-saving drawings.
Both apps also allow for the creation of watchlists with real-time quotes, ensuring you stay updated on market movements. However, when it comes to ratings, FxPro leads slightly with a 4.5-star rating compared to Pepperstone's 4 stars, according to ForexBrokers.com. Additionally, FxPro ranks higher at 15th out of 63 brokers for mobile trading apps, while Pepperstone holds the 21st spot. These distinctions might sway users toward FxPro if slight differences in user experience and app ranking are deciding factors.
| 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 online brokers Pepperstone and FxPro, both provide daily market commentary and access to forex news from prominent sources like Bloomberg and Reuters. Both companies also offer sentiment-based trading tools that highlight the ratio of long or short positions across different trading instruments. However, Pepperstone stands out by incorporating tools from Autochartist, which FxPro lacks. On the other hand, FxPro provides insights from Trading Central, a feature not available with Pepperstone. Additionally, both platforms include an economic calendar to inform traders of pertinent global news events.
In terms of research quality, Pepperstone secures a higher rating of 4.5 stars compared to FxPro's 4 stars, according to ForexBrokers.com's rankings. Among 63 brokers assessed for research capabilities, Pepperstone holds the 12th position, while FxPro sits at the 26th spot. Although neither broker offers research from TipRanks or Acuity Trading's Signal Centre, the subtle differences in their offerings make Pepperstone slightly more appealing for traders prioritizing diverse research tools.
| 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 it comes to educational resources for beginners, both Pepperstone and FxPro provide a substantial offering to help users get started with forex and CFD trading. Each broker offers at least ten educational materials, including articles and videos, with a primary focus on forex or CFDs, ensuring a solid foundation for novice traders. However, Pepperstone stands out by offering monthly online webinars, a feature FxPro does not provide, giving traders a real-time learning experience with opportunities to interact and ask questions. Both brokers maintain searchable archives of past webinars, allowing users to revisit and learn at their own pace.
Both Pepperstone and FxPro cater to different experience levels, but Pepperstone goes a step further by offering advanced educational videos for seasoned traders, which FxPro lacks. Each broker offers a comprehensive investor dictionary with over 50 investing terms, making complex jargon easier to understand. In terms of ratings, Pepperstone edges ahead with a 4.5-star rating, compared to FxPro's 4-star rating, ranking 17th among 63 brokers in the education category, while FxPro ranks just behind at 18th. Overall, for beginners keen on expansive learning resources and interactive webinars, Pepperstone seems to have the upper hand.
| 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 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 #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
|
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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 |
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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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