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 comes out ahead of FxPro on commissions and fees, especially for active and high-volume traders. Pepperstone earns 5 stars and ranks #6 out of 36 brokers for commissions and fees, while FxPro earns 4 stars and ranks #30 out of 36 brokers. Pepperstone’s Razor account offers lower trading costs than its Standard account, with an average EUR/USD spread of 0.10 pips plus commission, for an all-in cost of about 0.80 pips. Its commission-free Standard account is simpler, but more expensive overall, with an average EUR/USD spread of 1.1 pips.
For traders who trade often, Pepperstone’s Active Trader program can lower costs even further by rebating part of the spread based on monthly volume. In the UK and EU, professional clients may qualify for rebates of 15% per lot and up to 25% for very high monthly trading volume. In Australia, professional clients can also receive spread discounts, with higher tiers offering bigger reductions as trading volume rises.
FxPro’s pricing is generally higher than the industry average and is less competitive than Pepperstone’s. Its best pricing is on the cTrader platform, where commission-based trading gives an effective EUR/USD cost of about 1.27 pips. On MT4 and MT5, FxPro’s variable spreads are higher, and its account structure includes execution choices that can mean either requotes or slippage. FxPro does offer an Active Trader program with discounts of up to 30%, but its overall fees still trail Pepperstone’s lower-cost setup.
| Feature |
Pepperstone
|
FxPro
|
|---|---|---|
| Minimum Deposit | $10 | $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 give traders access to forex as CFDs or spot contracts, plus copy trading and cryptocurrency CFDs. Neither broker lets clients buy actual cryptocurrency or U.S.-listed shares as exchange-traded securities. Both also offer a similar range of forex pairs, with Pepperstone listing 65 and FxPro offering 70. In ForexBrokers.com’s Range of Investments review, both brokers are rated 4 out of 5 stars, showing a solid selection overall.
Where FxPro pulls ahead is in total market choice, with 2,249 tradeable symbols compared with Pepperstone’s 1,726. FxPro also stands out by offering exchange-traded securities on international exchanges, such as shares listed outside the U.S., while Pepperstone does not. In the same category, Pepperstone is ranked #23 out of 36 brokers, just ahead of FxPro at #24, making the two closely matched for most everyday traders.
| 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 and FxPro both give traders a wide set of platform choices, so in day-to-day use they look very similar. Each broker offers a free demo account for practice, along with its own in-house platform, a Windows desktop app, a web-based platform, MetaTrader 4, MetaTrader 5, and copy trading. Both also let you place trades directly from a chart, which can make it easier to react quickly when the market moves.
When it comes to third-party ratings, the two brokers are close as well. Pepperstone and FxPro each earn 4 out of 5 stars for Trading Platforms and Tools from ForexBrokers.com. FxPro has a slight edge in the category ranking, placing #18 out of 36 brokers, while Pepperstone sits at #21. Overall, both are strong options for traders who want flexible platform access and useful trading tools.
| 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 offer mobile trading apps for iPhone and Android, along with key features that many traders look for, such as price alerts and watchlist syncing between the app and online account. Each app also lets users draw trendlines on charts and saves those drawings automatically, which makes it easier to keep track of trading ideas across sessions. For everyday mobile trading needs, both brokers cover the basics well.
When it comes to charting tools and overall app quality, FxPro has the edge. Its mobile app includes 65 technical studies, compared with 30 at Pepperstone, and it also has a higher mobile app rating at 4.5 out of 5 stars versus Pepperstone’s 4 stars. In ForexBrokers.com’s Mobile Trading Apps category, FxPro is ranked #15 out of 36 brokers, ahead of Pepperstone at #19, making FxPro the slightly stronger choice for traders who want more charting options and a better-rated app.
| 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 give traders a solid set of market research tools, including daily market commentary, forex news from major providers like Bloomberg, Reuters, and Dow Jones, a sentiment tool showing long and short positioning, and an economic calendar with upcoming global events. Both brokers also make it easy to stay informed with timely updates on market developments, which can help beginners and active traders track what may move prices.
The main difference is in the extra research tools each broker offers. Pepperstone includes Autochartist, while FxPro offers Trading Central instead. Neither broker offers TipRanks or Acuity Trading tools. Overall, Pepperstone has the edge for research, with a 4.5-star rating and a #13 ranking out of 36 brokers at ForexBrokers.com, compared with FxPro’s 4-star rating and #23 ranking.
| 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 comes out ahead of FxPro for beginner education overall. It offers forex and CFDs learning material, runs online educational webinars at least once a month, and provides at least 10 beginner videos plus 10 advanced videos for traders who want to keep learning. FxPro also offers forex and CFDs education and has at least 10 beginner videos, but it does not hold monthly educational webinars and does not appear to offer 10 advanced videos for more experienced traders.
That difference shows up in ratings and rankings too. Pepperstone is rated 4.5 out of 5 for Education and ranks #15 out of 36 brokers on ForexBrokers.com, while FxPro is rated 4 out of 5 and ranks #17. For beginners looking for more ways to learn through videos and live webinars, Pepperstone has the edge.
| 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 | 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 |
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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 | $10 | $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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