Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs RoboForex, 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 RoboForex, two established online brokers, have been navigating the world of forex trading since 2010 and 2009, respectively. Neither company is publicly traded nor operates as a bank. However, their approach to ensuring trust and reliability for traders significantly differs. Pepperstone holds three Tier-1 licenses, which are regarded as highly trusted by ForexBrokers.com, and two Tier-2 licenses, leading to an impressive Trust Score of 95 out of 99. This score places Pepperstone in the "highly trusted" category, reflecting its commitment to regulatory compliance and trader security.
Conversely, RoboForex holds one Tier-1 license and lacks Tier-2 licenses, which results in a ForexBrokers.com Trust Score of 73 out of 99. This rating indicates an average risk level, suggesting that while RoboForex is a recognized player in the industry, it offers a different trust profile compared to Pepperstone. For traders prioritizing regulatory backing and trustworthiness, Pepperstone's higher number of top-tier licenses might offer an appealing edge over RoboForex.
| Feature |
Pepperstone
|
RoboForex
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| 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 | 2 |
Pepperstone and RoboForex are popular choices for online trading, yet they offer different approaches in terms of commissions and fees. Pepperstone stands out with its Razor account, which offers competitive pricing for high-volume traders through a commission-based structure and a spread as low as 0.10 pips for EUR/USD. When you add the commission equivalent of 0.70 pips, the overall cost becomes 0.80 pips, aligning closely with the industry average. This approach is particularly beneficial when combined with Pepperstone’s Active Trader program, providing rebates based on trading volume. In contrast, Pepperstone's Standard account operates with no commission but presents a higher average spread of 1.1 pips for EUR/USD.
RoboForex, on the other hand, provides average spreads of 1.3 pips for EUR/USD on its Procent and Pro accounts, which is slightly higher compared to Pepperstone's Razor account inclusive of commissions. While this setup might appeal to traders who prefer simplicity without engaging in high trading volumes, it does make RoboForex less competitive in terms of cost efficiency.
When evaluated on a broader scale, Pepperstone receives a 4.5-star rating for its commissions and fees and ranks 10th out of 62 brokers according to ForexBrokers.com. RoboForex, meanwhile, has a 3.5-star rating and stands at 54th in the same ranking. This reflects Pepperstone's advantageous cost structure for various trading needs, particularly for active traders, while RoboForex’s approach remains suitable for those who favor straightforward pricing.
| Feature |
Pepperstone
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.00 | 1.3 |
| All-in Cost EUR/USD - Active | 0.70 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| 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 and RoboForex both provide opportunities for forex trading, employing CFDs and spot contracts to cater to their clients' needs. In terms of sheer variety, RoboForex offers an impressive selection with 8,400 tradeable symbols compared to Pepperstone's 1,726. However, when it comes to forex pairs, Pepperstone surpasses with 65 available pairs, while RoboForex offers 28 options. Neither broker provides direct access to exchange-traded securities on U.S. or international markets, focusing their services on derivative products instead. Both platforms facilitate copy trading and enable users to trade cryptocurrency derivatives, though they do not offer the ability to purchase actual cryptocurrencies.
In ratings, Pepperstone earns a solid 4 stars for its range of investments, while RoboForex edges slightly ahead with a 4.5-star rating. According to ForexBrokers.com, RoboForex ranks at #20 among 62 brokers for its investment range, outperforming Pepperstone, which is placed at #26. Both platforms shine in providing diverse trading solutions without directly dealing in physical market commodities, setting them apart as competitive choices in the online brokerage space.
| Feature |
Pepperstone
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 8400 |
| Forex Pairs (Total) | 65 | 28 |
| 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 RoboForex are both popular choices for online trading, and they offer a variety of platforms and tools to accommodate traders. Both brokers provide a virtual demo account, allowing users to practice trading without financial risk. However, Pepperstone stands out with its proprietary platform, whereas RoboForex relies on external platforms. Both brokers support downloadable Windows-based platforms and web-based trading, catering to different user preferences. Additionally, traders can engage in copy trading with both brokers, utilizing the widely-used MetaTrader 4 and 5 platforms. Pepperstone goes a step further by offering DupliTrade, a feature not available with RoboForex.
In terms of charting capabilities, Pepperstone offers more drawing tools, with thirty compared to RoboForex's fifteen, although both provide standardized chart trading features such as trading directly from charts and customizable watch lists. Despite both receiving a 4-star rating for their trading platforms and tools, Pepperstone ranks higher at number 22 compared to RoboForex's 43 in ForexBrokers.com's list of 62 brokers. These details may provide insight into why a trader might choose one over the other, prioritizing platform variety and tool availability according to individual trading needs.
| Feature |
Pepperstone
|
RoboForex
|
|---|---|---|
| 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.
When considering mobile trading apps, both Pepperstone and RoboForex provide comprehensive solutions suitable for iPhone and Android users. Each offers features like price alerts, real-time quotes, and the ability to draw trendlines on charts. Additionally, traders can access multiple time frames and utilize 30 different technical studies with both apps. One standout feature, however, is how Pepperstone allows for watchlist syncing, ensuring any changes made in their mobile app align seamlessly with the desktop account—a feature not available with RoboForex.
In terms of user ratings, both Pepperstone and RoboForex receive a respectable 4 out of 5 stars for their mobile trading apps. However, when we look at rankings by ForexBrokers.com among 62 brokers, Pepperstone holds a stronger position at #21, compared to RoboForex's rank of #43. This difference suggests that while both apps offer key functionalities for traders, Pepperstone might provide a more integrated experience for its users.
| Feature |
Pepperstone
|
RoboForex
|
|---|---|---|
| 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.
Pepperstone and RoboForex both cater to traders by providing daily market commentary and forex news sourced from top-tier companies like Bloomberg and Reuters. While both offer these essentials, Pepperstone stands out by integrating Autochartist tools, facilitating technical and fundamental analysis for users, whereas RoboForex relies on Trading Central for similar services but lacks Autochartist options. Additionally, Pepperstone has a unique sentiment-based trading tool that displays long or short position ratios across different instruments, a feature that RoboForex does not offer.
When considering research tools, RoboForex enriches its platform with resources from Acuity Trading, such as the Signal Centre, while Pepperstone does not utilize Acuity Trading tools. Both brokers offer comprehensive economic calendars highlighting global events. However, when rated by ForexBrokers.com, Pepperstone receives a higher rating of 4.5 stars and ranks 12th among 62 brokers in the Research category. In comparison, RoboForex holds a lower rating of 3.5 stars and ranks 37th, showcasing a noteworthy difference in their overall research offerings.
| Feature |
Pepperstone
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Pepperstone stands out compared to RoboForex. Pepperstone offers a rich assortment of educational materials, providing over ten pieces focused on forex and CFDs, and regularly hosts online webinars for clients. Whether you're just starting or looking to refine your skills, Pepperstone has you covered with a searchable archive of recorded webinars and a range of educational videos catering to both beginners and more advanced traders. Their educational support is further enhanced by an investor dictionary featuring over 50 essential investing terms, making it easier for novices to grasp complex concepts.
In contrast, RoboForex falls short in offering comprehensive educational resources for beginners. The platform does not meet the minimum threshold for educational materials focusing on forex and CFDs, nor does it provide monthly webinars or a library of recorded sessions. Additionally, the lack of extensive beginner and advanced video tutorials and an investing dictionary makes learning independently more challenging. This disparity is reflected in their ratings, with Pepperstone earning 4.5 stars for education and RoboForex 3.5 stars. Ultimately, Pepperstone ranks significantly higher than RoboForex in educational offerings, standing at #17 among 62 brokers, while RoboForex positions at #56.
| Feature |
Pepperstone
|
RoboForex
|
|---|---|---|
| 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 62 of the best forex brokers, our research and account testing finds that Pepperstone is better than RoboForex. Pepperstone finished with an overall rank of #16, while RoboForex finished with an overall rank of #46.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
|
RoboForex
|
|---|---|---|
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| Trust Score | 95 | 73 |
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Both Pepperstone and RoboForex do not offer the ability to buy actual delivered cryptocurrency but do provide access to trading cryptocurrency derivatives.
Pepperstone and RoboForex both offer a wide array of options for depositing and withdrawing account funds, including ACH and SEPA transfers, PayPal, Skrill, Visa, Mastercard, and bank wires.
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 | RoboForex | |
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| Trust Score | 95 | 73 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | RoboForex Review |
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| Regulation | Pepperstone | RoboForex | |
|---|---|---|---|
| Trust Score | 95 | 73 | |
| Year Founded | 2010 | 2009 | |
| 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 | 2 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | RoboForex | |
|---|---|---|---|
| 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) | No | No | |
| 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 | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Pepperstone | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 8400 | |
| Forex Pairs (Total) | 65 | 28 | |
| 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 | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex Review |
| Overall | Pepperstone | RoboForex | |
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| Trust Score | 95 | 73 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | RoboForex Review |
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