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 tends to be cheaper than FxPro for commissions and fees, especially if you use its Razor account. Pepperstone earns 4.5/5 stars and ranks #11 out of 63 brokers for Commissions and Fees, while FxPro earns 4/5 stars and ranks #33. In short, Pepperstone’s Razor pricing is closer to the industry average, whereas FxPro’s typical costs skew higher.
Pepperstone’s Razor account (available on TradingView, MT4/MT5, and cTrader) uses commission-based pricing with an average EUR/USD spread of 0.10 pips; once you add the commission-equivalent of 0.70 pips, the all-in cost is about 0.80 pips (July 2024). The Standard account is commission-free but pricier, with an average EUR/USD spread of 1.1 pips. Pepperstone’s Active Trader program can reduce costs: in the U.K. and EU, Professional clients trading at least £20 million per month can get a 15% spread rebate per lot, rising to 25% above £200 million; in Australia, Professional clients can receive 10% to 30% spread reductions based on monthly lots traded.
FxPro’s pricing is generally higher than average. Its most competitive option is cTrader with commission-based pricing, where the effective EUR/USD cost is about 1.27 pips (0.37-pip average spread plus a 0.9-pip commission-equivalent). On MT4/MT5, variable spreads are wider: around 1.58 pips on MT4 market execution (1.51 on MT5) and 1.71 pips with instant execution. Execution on MT4/MT5 can be instant (no slippage, possible requotes) or market (slippage possible, no requotes). Order rules differ by platform, too: cTrader has no minimum stop/limit distance, while MetaTrader requires at least 1 pip. FxPro’s Elite Active Trader program can discount costs by up to 30%, but it still trails top low-cost competitors—and Pepperstone—on typical pricing.
| Feature |
Pepperstone
|
FxPro
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.00 | 1.51 |
| All-in Cost EUR/USD - Active | 0.70 | 1.27 |
| 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 copy trading, and each lets you trade cryptocurrency via CFDs (neither offers delivered crypto). FxPro lists more overall instruments (2,249 vs. Pepperstone’s 1,726) and slightly more forex pairs (70 vs. 65). Both brokers offer forex as CFDs/spot, but when it comes to buying actual exchange-traded shares in the U.S., neither provides that option.
For non-CFD international shares, FxPro stands out by offering access, while Pepperstone does not. Despite FxPro’s larger catalog, both brokers earn 4 stars for Range of Investments. In ForexBrokers.com’s rankings out of 63 brokers, Pepperstone places #27 and FxPro is close behind at #29.
| 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 online brokers check the key boxes for trading platforms and tools. Each offers a free demo account for simulated (paper) trading, a proprietary platform built in-house, and access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can trade on Windows desktop or in your browser, use copy trading, and place orders directly from price charts, making it easy to test strategies and switch devices without losing functionality.
In independent evaluations, both brokers earn 4 stars for Trading Platforms and Tools. However, FxPro holds a slight edge in rankings from ForexBrokers.com, coming in at #17 out of 63 brokers, while Pepperstone sits at #22. If you’re choosing between them, consider which interface you prefer (proprietary vs MetaTrader) and whether you value small differences in platform rankings or simply want the features you already know and use.
| 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 full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, watchlist syncing with your online account, drawing trendlines on charts, and auto-saving your chart drawings—handy for staying organized across devices.
For charting depth, Pepperstone includes 30 technical studies while FxPro offers 65. According to ForexBrokers.com, Pepperstone’s mobile app holds a 4-star rating and ranks 21st out of 63 brokers, whereas FxPro earns 4.5 stars and ranks 15th. If you want a straightforward experience with key tools, Pepperstone fits well; if you value more indicators and a slightly higher-rated app, FxPro may be the better match.
| 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.
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 (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 and FxPro both deliver ample forex and CFD education, meeting the bar of at least 10 learning pieces. Each offers 10+ beginner-friendly videos, making it easy to grasp the basics. Pepperstone goes further with 10+ advanced videos for when you’re ready to take the next step, and it runs ongoing client webinars about once a month—useful if you prefer live sessions with Q&A. FxPro does not host monthly educational webinars, and its advanced video coverage is lighter, but beginners will still find plenty of practical lessons to get started.
In head-to-head results, Pepperstone scores 4.5 out of 5 stars for Education and ranks #17 out of 63 brokers at ForexBrokers.com, edging out FxPro’s 4-star rating and #18 rank. If you want frequent webinars and deeper advanced material, Pepperstone is the stronger pick. If you mainly need beginner videos and straightforward guidance, FxPro remains a solid option for new traders comparing Pepperstone vs FxPro education resources.
| 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 #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
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FxPro
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| 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 (SFC 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 | 1.00 | 1.51 | |
| All-in Cost EUR/USD - Active | 0.70 | 1.27 | |
| 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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