After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare Pepperstone vs Plus500.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Pepperstone is a better option with a 4.00 star rating over Plus500's 3.00 star rating.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Both Pepperstone and Plus500 are regulated in a major hub. Plus500 is a publicly traded company, Pepperstone isn't. As far as how many currency pairs are available for trading, here's the answer. Pepperstone trails Plus500 by 1 total currency pairs (for example, EUR/USD), with Plus500 offering 60 and Pepperstone offering 59.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Pepperstone offers Meta Trader while Plus500 does not. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Pepperstone offers its clients access to 31 charting tools while Plus500 has 0 charting tools, a difference of 31. Plus500 offers its clients access to 103 different indicators (for example, volume) while Pepperstone has 51 available indicators, a difference of 52.
Overall, Pepperstone takes the upper hand with 4.00 stars over Plus500's 3.00 stars. And, when it comes to individual category awards, Pepperstone posted awards Best in Class - Customer Service and Best in Class - Active Trading in 2018, while Plus500 found itself with none of these.