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 vs FxPro: Pepperstone was founded in 2010 and FxPro in 2006. Neither broker is publicly traded. Pepperstone is not a bank, while FxPro is a bank. Both earn high marks for safety: Pepperstone has a ForexBrokers.com Trust Score of 94/99 and FxPro scores 93/99—placing both in the 90–99 “highly trusted” range.
On regulation, Pepperstone holds more top-tier oversight with 3 Tier-1 licenses (highly trusted) and 2 Tier-2 licenses (trusted). FxPro holds 2 Tier-1 licenses and 1 Tier-2 license. If you’re comparing these online brokers on regulatory strength and trust score, both are highly trusted, with Pepperstone carrying more Tier-1 and Tier-2 licenses overall.
| 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 the better-value pick for commissions and fees. It earns 5/5 stars and ranks #6 out of 63 brokers for this category, while FxPro scores 4/5 stars and ranks #29 out of 63. Both support MetaTrader and cTrader, but Pepperstone’s Razor account generally delivers lower all-in costs than FxPro’s most competitive setup.
Pepperstone’s Razor account (available on TradingView, MT4/MT5, and cTrader) uses commission-based pricing and, as of July 2024, lists a 0.10-pip average spread on EUR/USD; adding the 0.70-pip commission-equivalent brings the all-in cost to 0.80 pips. Its Standard account is commission-free but wider at 1.1 pips on EUR/USD, making Razor the cheaper choice for most. High-volume traders can reduce costs further via Pepperstone’s Active Trader program: in the U.K./EU, Professional clients get spread rebates starting at 15% per lot from £20M/month in forex volume, rising to 25% above £200M; in Australia, Professional clients can receive 10% to 30% spread reductions across tiers starting from 100 lots (over three months) up to 3001+ lots per month.
FxPro’s pricing sits above the industry average. Its lowest costs are on cTrader with commission-based pricing: the effective EUR/USD spread is about 1.27 pips (0.37-pip average spread plus a 0.9-pip commission-equivalent, per August 2020 data). On MT4/MT5 with variable spreads, EUR/USD averages around 1.58 pips on market execution (1.51 pips on MT5) and 1.71 pips on instant execution. Execution choice matters: instant execution can requote but avoids slippage; market execution can slip but avoids requotes. Note that cTrader has no minimum stop/limit distance, while MetaTrader requires at least 1 pip—even on Elite accounts. FxPro’s Elite Active Trader discounts can reach up to 30%, but overall costs typically remain higher than Pepperstone’s Razor pricing.
| 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
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| Overall Rating |
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| Trust Score | 94 | 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 | 94 | 93 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | FxPro Review |
| Broker Screenshots | Pepperstone | FxPro | |
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| Regulation | Pepperstone | FxPro | |
|---|---|---|---|
| Trust Score | 94 | 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 CMA 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 | 94 | 93 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | FxPro Review |
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