Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs GBE brokers, 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, established in 2010, and GBE brokers, founded in 2013, offer online brokerage services, but they differ significantly in terms of trust and regulation. Neither company is publicly traded or operates as a bank. Pepperstone holds a high Trust Score of 95 from ForexBrokers.com, classifying it as highly trusted. This is supported by its acquisition of three Tier-1 licenses and two Tier-2 licenses, underscoring its extensive regulatory backing.
In contrast, GBE brokers, with a more modest Trust Score of 71, is considered to have an average risk profile. The company holds just one Tier-1 license and does not possess any Tier-2 licenses, comparing less favorably to Pepperstone in terms of regulation and trust. As traders consider their options, these trust scores and regulatory credentials serve as crucial factors in selecting the right broker for their needs.
| Feature |
Pepperstone
|
GBE brokers
|
|---|---|---|
| Year Founded | 2010 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
Pepperstone earns 4.5 stars for commissions and fees and ranks #11 out of 63 brokers, while GBE brokers earns 4 stars and ranks #38. Pepperstone is known for sharp pricing on its Razor account—especially when paired with its Active Trader program—whereas its Standard account is less competitive. GBE brokers does not publish average spread data, which makes direct, like-for-like comparisons harder.
Pepperstone’s Razor account uses a commission-based model across TradingView, MetaTrader (MT4/MT5), and cTrader. As of July 2024, the EUR/USD averaged 0.10 pips on Razor; when you include the commission-equivalent of 0.70 pips, the all-in cost is about 0.80 pips—near the industry average. The Standard account is commission-free but carries an average EUR/USD spread of 1.1 pips, making it pricier than Razor.
Pepperstone’s Active Trader program can reduce costs further with volume-based rebates. In the U.K. and EU, Professional clients trading at least £20 million per month can receive a 15% per-lot spread rebate, rising to 25% above £200 million. In Australia, Professional clients need a minimum of 100 lots (over three months) to qualify; Tier One discounts spreads by 10% per standard lot, and Tier Three cuts spreads by 30% for more than 3001 lots monthly. By contrast, GBE brokers provides no average spread figures, so its effective costs are less transparent.
| Feature |
Pepperstone
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $0 | $1000 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| 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 offers a much broader range of instruments, with 1,726 tradeable symbols versus 500 at GBE Brokers. For forex specialists, GBE Brokers lists 71 currency pairs compared with Pepperstone’s 65, giving GBE a slight edge on pair count, while Pepperstone better suits traders who want access to more markets overall.
Both brokers support forex trading via CFDs/spot and offer copy trading. You can trade cryptocurrency derivatives at either provider, but neither allows purchases of actual crypto or direct, exchange-traded shares in the U.S. or on international exchanges. According to ForexBrokers.com’s Range of Investments ratings, Pepperstone earns 4 stars and is ranked 27 out of 63 brokers, while GBE Brokers earns 3.5 stars and is ranked 45 out of 63.
| Feature |
Pepperstone
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 500 |
| Forex Pairs (Total) | 65 | 71 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| 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 GBE brokers both cover the essentials for traders: free demo (paper) accounts, Windows desktop and web platforms, copy trading, and access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Pepperstone also offers a proprietary platform, while GBE brokers does not. Both let you trade directly from charts and provide seven watchlist columns. DupliTrade is available at Pepperstone but not at GBE brokers; ZuluTrade isn’t offered by either.
For charting, Pepperstone lists 30 drawing tools versus 15 at GBE brokers, while the number of technical indicators isn’t specified for either. Both earn 4 stars for Trading Platforms and Tools, yet Pepperstone ranks higher at #22 out of 63 brokers compared with GBE brokers at #58, signaling a stronger overall platform lineup. Choose Pepperstone if you want an in-house platform, DupliTrade, and more drawing tools; GBE brokers may suit you if you’re fine with standard MT4/MT5 and don’t need those extras.
| Feature |
Pepperstone
|
GBE brokers
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and GBE brokers both check the big boxes for mobile trading apps. Each offers iPhone and Android apps with price alerts, real-time watchlists, and solid charting: 30 built-in technical studies, trendline drawing, multiple time frames (intraday to daily/weekly), and auto-saved drawings. Both earn a 4 out of 5 rating for Mobile Trading Apps, so you’ll find the core tools you need for trading on the go.
The key difference is watchlist syncing. Pepperstone syncs watchlists between its mobile app and your online account, so changes carry over across devices. GBE brokers does not. If cross-device convenience matters, that edge favors Pepperstone. According to ForexBrokers.com, Pepperstone ranks #21 out of 63 for Mobile Trading Apps, while GBE brokers ranks #58. Both get the essentials right, but Pepperstone’s syncing and higher ranking may appeal to traders who want a smoother, more connected app experience.
| Feature |
Pepperstone
|
GBE brokers
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| 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.
Comparing Pepperstone vs GBE brokers for market research, both brokers provide daily market commentary, sentiment tools showing long/short positioning, and an economic calendar. Pepperstone pulls ahead by offering forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, and by including Autochartist tools for technical and fundamental analysis. Neither broker offers Trading Central. The data provided shows Pepperstone does not offer TipRanks or Acuity Trading; availability of TipRanks or Acuity at GBE brokers isn’t specified.
Independent ratings reflect this gap: ForexBrokers.com scores Pepperstone 4.5/5 for Research (ranked #12 of 63), while GBE brokers earns 3/5 (ranked #63 of 63). If you want premium news feeds and Autochartist pattern recognition alongside daily commentary and sentiment, Pepperstone is the stronger choice; if you only need the basics—commentary, sentiment, and an economic calendar—GBE brokers covers those essentials.
| Feature |
Pepperstone
|
GBE brokers
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing Pepperstone vs GBE Brokers on education, Pepperstone clearly offers more to learn from. It provides at least 10 forex and CFD lessons, runs client webinars at least once a month, and keeps a searchable archive of past sessions. You also get 10+ beginner video lessons, 10+ advanced videos for when you’re ready to level up, and an investor dictionary with 50+ terms—handy for decoding trading jargon. This range helps you progress from basics to more advanced strategies at your own pace.
GBE Brokers does not meet the same benchmarks: it doesn’t offer 10+ forex/CFD lessons, monthly webinars, a webinar archive, 10+ beginner or advanced videos, or an investor dictionary. Reflecting this gap, Pepperstone holds a 4.5/5 Education rating and ranks #17 out of 63 brokers for Education at ForexBrokers.com, while GBE Brokers is rated 3/5 and ranked #64. If you’re new and want structured, searchable learning materials with ongoing webinars, Pepperstone is the more beginner-friendly choice.
| Feature |
Pepperstone
|
GBE brokers
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | 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 GBE brokers. Pepperstone finished with an overall rank of #16, while GBE brokers finished with an overall rank of #57.
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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GBE brokers
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|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 71 |
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Both Pepperstone and GBE Brokers do not offer the option to buy actual cryptocurrency, but they do provide the ability to trade cryptocurrency derivatives.
When comparing online brokers Pepperstone and GBE Brokers, both platforms provide a broad range of funding options including ACH, SEPA transfers, PayPal, Skrill, Visa, Mastercard, and bank wires, offering comprehensive flexibility and convenience for depositing and withdrawing account funds.
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 | GBE brokers | |
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| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
| Broker Screenshots | Pepperstone | GBE brokers | |
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| Regulation | Pepperstone | GBE brokers | |
|---|---|---|---|
| Trust Score | 95 | 71 | |
| Year Founded | 2010 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | GBE brokers | |
|---|---|---|---|
| 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 | No | |
| 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 | GBE brokers | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Pepperstone | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 500 | |
| Forex Pairs (Total) | 65 | 71 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| 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 | GBE brokers | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $0 | $1000 | |
| 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 | GBE brokers | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Pepperstone | GBE brokers | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | GBE brokers | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| 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 | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | GBE brokers | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Pepperstone | GBE brokers | |
|---|---|---|---|
| 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 |
| Overall | Pepperstone | GBE brokers | |
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| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
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