menuclose
Back to Main Menu
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

Pepperstone vs Markets.com 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of Pepperstone vs Markets.com, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Pepperstone
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 95
  • Tradeable Symbols (Total): 1726
Markets.com
4.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 93
  • Tradeable Symbols (Total): 2179

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.

Regulation

Pepperstone and Markets.com are both established names in the world of online trading, catering to global investors with their comprehensive brokerage services. Founded in 2010, Pepperstone has a strong reputation bolstered by three Tier-1 licenses and two Tier-2 licenses. Although not listed on any stock exchange or functioning as a bank, Pepperstone achieves a high Trust Score of 95 out of 99, signaling a highly trusted status among traders worldwide.

In comparison, Markets.com has been in operation since 1999, offering its services over a longer period. It also holds three Tier-1 licenses, signifying a similarly strong level of reliability, along with one Tier-2 license. Like Pepperstone, Markets.com is neither publicly traded nor operates as a bank. With a Trust Score of 93 out of 99, it is also regarded as a highly trusted broker, but slightly trails behind Pepperstone in terms of overall trust metrics. Both platforms offer secure and reliable options for investors seeking reputable brokers.

Feature Pepperstone logoPepperstone
Markets.com logoMarkets.com
Year Founded info 2010 1999
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 3 3
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1

Fees

Pepperstone beats Markets.com on commissions and fees. Pepperstone is rated 4.5/5 stars and ranks #11 out of 63 brokers for this category at ForexBrokers.com, while Markets.com is rated 3.5/5 stars and ranks #51. Pepperstone’s Razor account uses commission-based pricing and, as of July 2024, listed an average EUR/USD spread of 0.10 pips; when you include the commission-equivalent of 0.70 pips, the all-in cost is about 0.80 pips, close to the industry average. Its Standard account is commission-free but showed a wider 1.1-pip average on EUR/USD, making it pricier than Razor for the same pair.

High-volume traders can lower costs further with Pepperstone’s Active Trader program, which rebates a portion of the spread. In the U.K. and EU, professional clients trading at least £20 million per month can get a 15% per-lot rebate on spreads, rising to 25% above £200 million. In Australia, professional clients need a minimum of 100 lots over three months to qualify for Tier One (10% discount per lot), with Tier Three (>3,001 lots monthly) cutting spreads by 30%. The Razor account is available on TradingView, MetaTrader 4/5, and cTrader.

By contrast, Markets.com does not provide average spread data, which makes apples-to-apples cost comparisons harder. Given the available information, Pepperstone offers clearer, more competitive pricing details for traders who prioritize spreads, commissions, and potential rebates.

Feature Pepperstone logoPepperstone
Markets.com logoMarkets.com
Minimum Deposit info $0 $100
Average spread (EUR/USD) - Standard account info 1.00 info N/A info
All-in Cost EUR/USD - Active info 0.70 info N/A info
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Pepperstone and Markets.com both support forex trading (as CFDs or spot contracts, depending on your location), offer copy trading, and let you trade cryptocurrency via CFDs. Neither broker provides access to actual cryptocurrencies or to exchange-traded securities on U.S. or international stock exchanges.

Markets.com lists more tradeable symbols overall (2,179 vs. Pepperstone’s 1,726), while Pepperstone offers more forex pairs (65 vs. 57). Both earn 4 out of 5 stars for Range of Investments. In ForexBrokers.com’s rankings, Pepperstone places #27 out of 63 brokers and Markets.com ranks #30. Choose Pepperstone if you value a wider selection of forex pairs; pick Markets.com if you want a larger total lineup of instruments.

Feature Pepperstone logoPepperstone
Markets.com logoMarkets.com
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1726 2179
Forex Pairs (Total) info 65 57
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

Pepperstone and Markets.com both check key boxes for platform choice and ease of getting started: each offers a free demo account, an in-house proprietary platform, Windows desktop software, and a web-based platform. If you prefer third-party tools, both brokers support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus copy trading. One clear difference is that Pepperstone lets you place trades directly from a chart, while Markets.com does not.

Both are rated 4 out of 5 stars for Trading Platforms and Tools. In category rankings on ForexBrokers.com, Pepperstone places 22nd out of 63 brokers, while Markets.com ranks 27th. If trading from charts matters to you, Pepperstone has an edge; otherwise, platform options are largely similar.

Feature Pepperstone logoPepperstone
Markets.com logoMarkets.com
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Charting - Indicators / Studies (Total) info 15 89
Charting - Trade From Chart info Yes No

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Pepperstone and Markets.com both offer mobile trading apps for iPhone and Android, with price alerts on stocks and forex plus watchlists that sync between mobile and your online account. Each app lets you draw trendlines on charts, making it easy to mark levels and spot patterns while on the go.

Charting is where they differ most. Pepperstone’s app includes 30 built-in technical studies, while the Markets.com app has no native indicators (you’d need to use MT4 for that). Both support trendlines, but only Pepperstone auto-saves your drawings. Each earns 4 out of 5 stars for mobile trading, yet Pepperstone ranks 21st out of 63 brokers in ForexBrokers.com’s Mobile Trading Apps category, ahead of Markets.com at 34th. If you value indicators and saved chart work, Pepperstone has the edge; if you’re fine with basic charts or plan to use MT4, Markets.com can still fit the bill.

Feature Pepperstone logoPepperstone
Markets.com logoMarkets.com
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 30 (default on MT4, none on Markets app)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes No

Dive deeper: Best Forex Trading Apps.

Market research

Pepperstone and Markets.com both excel in providing daily market commentary and forex news from leading sources like Bloomberg and Reuters, catering to traders eager for timely information. While both brokers offer sentiment-based trading tools that help traders gauge market mood, Pepperstone sets itself apart with the inclusion of Autochartist tools. These tools provide enhanced technical and fundamental analysis capabilities that Markets.com does not match. On the flip side, neither broker offers analysis tools from Trading Central or market insights from TipRanks or Acuity Trading, which keeps the playing field level on these fronts.

When it comes to additional resources, both Pepperstone and Markets.com offer economic calendars that showcase global news events, aiding traders in making informed decisions. In terms of research quality, Pepperstone is rated slightly higher, earning 4.5 stars compared to Markets.com's 4 stars. This difference is reflected in their rankings with ForexBrokers.com, where Pepperstone holds the 12th spot among 63 brokers, while Markets.com ranks at 17th. These distinctions illustrate Pepperstone's slightly stronger position in market research offerings compared to Markets.com.

Feature Pepperstone logoPepperstone
Markets.com logoMarkets.com
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info No No
Client sentiment data info Yes Yes
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Pepperstone and Markets.com both deliver beginner-friendly forex and CFD education. Each broker offers a full library with well over 10 educational pieces, including articles, videos, and archived webinars. You’ll find at least 10 beginner videos at both, plus 10+ advanced videos for when you’re ready to level up. They also host client webinars at least once a month, giving new traders ongoing chances to learn in real time.

For overall quality, Pepperstone has the edge: it earns 4.5 out of 5 stars for Education and ranks #17 out of 63 brokers on ForexBrokers.com, while Markets.com scores 4 stars and ranks #34. If you want a slightly stronger, higher-rated learning experience, Pepperstone is the better pick. If you’re happy with similar features—monthly webinars and a deep video library—Markets.com remains a solid choice for beginners.

Feature Pepperstone logoPepperstone
Markets.com logoMarkets.com
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Pepperstone is better than Markets.com. Pepperstone finished with an overall rank of #16, while Markets.com finished with an overall rank of #23.

Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.

Feature Pepperstone logoPepperstone
Markets.com logoMarkets.com
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 95 93
Range of Investments 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with Pepperstone or Markets.com?

Pepperstone and Markets.com do not support buying actual (delivered) cryptocurrencies, but both brokers offer cryptocurrency CFD trading for speculating on crypto price movements without owning the underlying asset.

What funding options does each broker offer?

Pepperstone offers ACH/SEPA, PayPal, and bank wire deposits and withdrawals, while Markets.com provides Skrill and bank wires but not ACH/SEPA or PayPal, making Pepperstone the broader funding option between these online brokers.

More Comparisons

Pepperstone vs FP Markets Pepperstone vs FXCM Pepperstone vs Octa Pepperstone vs Tickmill Pepperstone vs eToro Pepperstone vs AvaTrade Markets.com vs TMGM Markets.com vs Interactive Brokers Markets.com vs eToro Markets.com vs HFM Markets.com vs CMC Markets Markets.com vs FXOpen

Show all



announcementPlease 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.

Select Brokers

↓×
  • check_box_outline_blankcheck_boxActivTrades
  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmirals
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxi
  • check_box_outline_blankcheck_boxBDSwiss
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxDooPrime
  • check_box_outline_blankcheck_boxEarn
  • check_box_outline_blankcheck_boxeasyMarkets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFineco
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFXGT.com
  • check_box_outline_blankcheck_boxFXOpen
  • check_box_outline_blankcheck_boxFXPrimus
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxGBE brokers
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIFC Markets
  • check_box_outline_blankcheck_boxiFOREX
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIronFX
  • check_box_outline_blankcheck_boxIUX
  • check_box_outline_blankcheck_boxLegacyFX
  • check_box_outline_blankcheck_boxLibertex (Forex Club)
  • check_box_outline_blankcheck_boxMarkets.com
  • check_box_outline_blankcheck_boxMarkets4you
  • check_box_outline_blankcheck_boxMoneta Markets
  • check_box_outline_blankcheck_boxMultiBank
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOcta
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxQuestrade
  • check_box_outline_blankcheck_boxRoboForex
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxThinkMarkets
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTMGM
  • check_box_outline_blankcheck_boxTopFX
  • check_box_outline_blankcheck_boxTrade Nation
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxVT Markets
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB
  • check_box_outline_blankcheck_boxXtrade

Compare

0 of 5
× Pepperstone
× Markets.com
Sponsored

+ Add Broker

Close Menu ×

navigate_before navigate_next
Overall Rating Pepperstone Markets.com
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 3.5/5 Stars
Range of Investments 4/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 95 93
Winner check_circle
Review Pepperstone Review
Broker Screenshots Pepperstone Markets.com
Broker Gallery (click to expand) info
Pepperstone cTrader mobile watchlist Pepperstone TradingView platform web. Pepperstone research The Daily Fix analysis articles. Pepperstone educational learning center.
Regulation Pepperstone Markets.com
Trust Score info 95 93
Year Founded info 2010 1999
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 3 3
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1
Tier-1 Licenses (Highly Trusted) Pepperstone Markets.com
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) Pepperstone Markets.com
Kenya (CMA Authorised) info Yes
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA, FSRA, or SCA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments Pepperstone Markets.com
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1726 2179
Forex Pairs (Total) info 65 57
U.S. Stocks (Shares) info No No
Global Stocks (Non-U.S. Shares) info No No
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 Markets.com
Average spread (EUR/USD) - Standard account info 1.00 info N/A info
All-in Cost EUR/USD - Active info 0.70 info N/A info
Inactivity Fee info No No
Order execution: Agency info Yes No
Order execution: Market Maker info Yes Yes
Funding Pepperstone Markets.com
Minimum Deposit info $0 $100
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes No
Trading Platforms Pepperstone Markets.com
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info Yes No
Trading Tools Pepperstone Markets.com
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes No
Charting - Indicators / Studies (Total) info 15 89
Charting - Trade From Chart info Yes No
Charts can be saved info Yes Yes
Mobile Trading Pepperstone Markets.com
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes Yes
Mobile Charting - Indicators / Studies info 30 (default on MT4, none on Markets app)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes No
Mobile Research - Economic Calendar info Yes No
Research Pepperstone Markets.com
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info No No
TipRanks info No No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education Pepperstone Markets.com
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Major Forex Pairs Pepperstone Markets.com
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review Pepperstone Review
Overall Pepperstone Markets.com
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 3.5/5 Stars
Range of Investments 4/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 95 93
Winner check_circle
Review Pepperstone Review
arrow_upward

close
navigate_before navigate_next