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 |
When comparing Pepperstone and RoboForex in terms of commissions and fees, Pepperstone generally comes out ahead with a more favorable rating of 4.5 stars. This is largely due to its aggressive pricing on the Razor account, which offers an attractive option for high-volume traders, particularly when paired with the Active Trader program. On the Razor account, the commission-based pricing ensures an overall lower cost, with an average spread of 0.10 pips for the EUR/USD. Including the commission-equivalent, the all-in cost is around 0.80 pips, competitive with the industry average. In contrast, Pepperstone's Standard account, which is commission-free, incurs an average spread of 1.1 pips for the same currency pair, making it a less cost-effective choice.
RoboForex, on the other hand, has its own pricing structure with an average spread of 1.3 pips for EUR/USD, which falls on the higher side when compared to Pepperstone. This results in RoboForex receiving a modest 3.5-star rating for its commissions and fees. The higher costs in comparison to Pepperstone make RoboForex a less appealing option for traders prioritizing low fees.
In terms of broker rankings provided by ForexBrokers.com, Pepperstone is placed significantly higher at #10 out of 63 brokers, reflecting its competitive edge in cost efficiency. RoboForex ranks much lower, at #55, which underscores its relatively higher fees. For those who are looking to maximize their trading budget, Pepperstone's favorable ranking, especially through the Razor account and additional rebates for active traders, may offer more value.
| 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 offer forex trading via CFDs or spot contracts, catering to users interested in currency trading. Pepperstone provides access to 1,726 tradeable symbols and 65 forex pairs, showcasing a vast range of options for forex enthusiasts. RoboForex, on the other hand, offers an impressive lineup of 8,400 tradeable symbols but falls short in forex pairs, listing 28. Neither platform allows trading in exchange-traded securities on either U.S. or international exchanges, which might be a limitation for those looking to invest in stocks like Apple or Vodafone directly. However, both platforms allow users to engage in cryptocurrency trading through derivatives, rather than offering actual cryptocurrencies for purchase.
In terms of copy trading, both Pepperstone and RoboForex support this feature, allowing users to mimic the trades of experienced investors. Despite their overlapping offerings, RoboForex outshines Pepperstone with a higher rating of 4.5 stars for the range of investments compared to Pepperstone’s 4 stars. Accordingly, RoboForex is ranked 20th out of 63 brokers in the Range of Investments category by ForexBrokers.com, which is a notable edge over Pepperstone's 26th position. These differences might influence trader decisions based on the specific scope and depth of investment products they require.
| 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 both cater to traders with varied needs, offering simulated trading opportunities through free virtual demo accounts. While both brokers provide access to popular platforms like MetaTrader 4 and MetaTrader 5, Pepperstone goes a step further by offering a proprietary platform developed in-house, whereas RoboForex does not. This unique feature gives Pepperstone an edge for those seeking a tailored trading experience. Additionally, both brokers supply web-based and Windows desktop platforms, and support copy trading. However, only Pepperstone offers DupliTrade among them, providing more options for traders interested in automated strategies.
Both Pepperstone and RoboForex are highly rated with four stars for their trading platforms and tools. Pepperstone stands out with a higher ranking of 22 out of 63 brokers on ForexBrokers.com for this category, compared to RoboForex's rank at 43. When it comes to charting tools, Pepperstone provides 30 drawing tools, double that of RoboForex’s 15. Both brokers allow trading directly from stock charts and offer seven columns for watch list fields, ensuring a comprehensive trading experience. This detailed breakdown illustrates that while both platforms effectively meet industry standards, Pepperstone offers additional proprietary features and increased charting tools that may appeal to traders looking for a more enriched trading environment.
| 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.
Pepperstone and RoboForex both provide user-friendly mobile trading apps compatible with iPhone and Android devices. Both apps support stock and forex price alerts, feature the ability to draw trendlines, and allow viewing of multiple time frames on charts. Traders can access 30 technical studies in both apps, which also auto-save drawings for convenience. Additionally, users can create watchlists with real-time quotes but only Pepperstone includes watchlist symbol syncing with the client's online account, ensuring seamless management between devices.
While both Pepperstone and RoboForex apps merit a solid four-star rating, Pepperstone stands out by securing the 21st spot out of 63 brokers on ForexBrokers.com, whereas RoboForex is ranked at 43. This difference in ranking may indicate a slight edge for Pepperstone in terms of popularity or certain functionalities. Both platforms are excellent choices for traders seeking to manage their investments effectively via mobile apps, yet Pepperstone's ability to sync watchlists smoothly might offer that extra touch of convenience.
| 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 seeking comprehensive market insights, but they offer distinct tools and resources that set them apart. Both brokers provide daily market commentary and forex news from recognized sources such as Bloomberg and Reuters, ensuring traders have current information at their fingertips. However, Pepperstone stands out for its advanced toolkit that includes technical analysis tools from Autochartist and a sentiment-based trading feature, allowing traders visibility into market positions across currency pairs. Conversely, RoboForex does not provide Autochartist tools or sentiment analysis, but it does offer services from Trading Central and Acuity Trading, which include technical analytics and signal centers, respectively.
When it comes to fundamental trading tools like economic calendars, both platforms maintain a competitive edge by offering updates on global economic events. Despite these commonalities, Pepperstone gains a higher research rating of 4.5 stars and ranks 12th out of 63 brokers on ForexBrokers.com. In comparison, RoboForex, with a research rating of 3.5 stars, ranks 37th in the same category. These rankings highlight Pepperstone's advantage for traders looking for in-depth market analysis, while RoboForex appeals to those valuing specialized resources from Trading Central and Acuity Trading.
| 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 beginner traders, Pepperstone stands out compared to RoboForex. Pepperstone offers over ten educational pieces focused on forex and CFDs, complete with articles, videos, and webinars designed to help novices understand these complex markets. Additionally, Pepperstone provides a monthly schedule of live webinars, ensuring ongoing learning opportunities, and maintains an easily accessible archive of previous sessions. New and advanced traders will benefit from more than ten dedicated educational videos tailored to their respective needs, making it a comprehensive learning hub. An investor dictionary with definitions of over 50 investing terms further enriches the learning experience, guiding users through the financial jargon with ease.
In contrast, RoboForex lacks the extensive educational offerings that Pepperstone provides. While both platforms offer competitive trading opportunities, Pepperstone's commitment to education is reflected in its 4.5-star rating and a strong position at number 17 in the Education category according to ForexBrokers.com, compared to RoboForex’s 3.5-star rating and number 56 ranking. Pepperstone’s focus on continuous learning through diverse educational materials and the accessibility of a broad range of resources makes it a preferable choice for beginners looking to enhance their trading skills and knowledge.
| 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 63 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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