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 delivers lower trading costs than RoboForex on EUR/USD, especially if you use its Razor account. Pepperstone earns 4.5/5 stars for commissions and fees and ranks #11 of 63 brokers, while RoboForex earns 3.5/5 stars and ranks #56 of 63. If tight spreads and transparent pricing are priorities, Pepperstone generally comes out ahead.
Pepperstone’s Razor account (as of July 2024) lists a 0.10‑pip average spread on EUR/USD; once you include the commission-equivalent of 0.70 pips, the all‑in cost is about 0.80 pips. Its Standard account is commission‑free with an average 1.1‑pip spread, making it pricier than Razor. High‑volume traders can lower costs further via the Active Trader program: in the U.K./EU, eligible Professional clients can receive spread rebates from 15% per lot (at £20M+ monthly FX volume) up to 25% (at £200M+). In Australia, Professional clients can see reductions from 10% per standard lot at the entry tier to 30% for 3001+ lots per month.
RoboForex’s Procent and Pro accounts show average EUR/USD spreads of 1.3 pips, which is higher than Pepperstone’s Razor all‑in 0.80 pips and even above Pepperstone’s 1.1‑pip Standard spread. For traders focused on minimizing commissions and fees, Pepperstone typically offers the more cost‑effective path, with added savings available for higher volumes.
| 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 let you trade forex via CFDs/spot, support copy trading, and offer cryptocurrency derivatives (but not actual delivered crypto). Neither broker provides direct, exchange-traded stock buying on U.S. or international markets. When it comes to market variety, RoboForex lists far more total instruments (about 8,400 tradeable symbols) than Pepperstone (about 1,726). However, forex specialists may favor Pepperstone for its wider currency selection, with 65 forex pairs versus 28 at RoboForex.
For Range of Investments, ForexBrokers.com rates Pepperstone 4 stars and ranks it 27th out of 63 brokers, while RoboForex earns 4.5 stars and ranks 21st. In short, choose Pepperstone if you want more forex pairs, and pick RoboForex if you want access to a much larger overall lineup of CFD markets. Both brokers also cover copy trading and crypto derivatives, but neither supports real share dealing or buying actual cryptocurrencies.
| 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 vs RoboForex: Both brokers offer a free demo account, web-based and Windows desktop platforms, and support MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Copy trading is available at both, but Pepperstone also includes DupliTrade, while neither supports ZuluTrade. Pepperstone provides a proprietary platform, whereas RoboForex sticks to third-party options. Both let you trade directly from charts and offer the same watchlist flexibility with seven columns. In ForexBrokers.com testing, each earned 4 out of 5 stars for trading platforms and tools, though Pepperstone ranked higher (#22 of 63) than RoboForex (#44 of 63).
For charting, Pepperstone lists 30 drawing tools compared with 15 at RoboForex, which may matter if you annotate charts often. If you want a wider platform lineup and access to DupliTrade, Pepperstone has the edge; if you mainly need MT4/MT5 on web and desktop with copy trading and a free demo, RoboForex covers the essentials.
| 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 offer iPhone and Android trading apps with price alerts, real-time quote watchlists, and 30 technical studies for charting. Each app lets you draw trendlines, switch among multiple time frames (like daily, weekly, and intraday), and auto-save your chart drawings. The standout difference is watchlist syncing: Pepperstone syncs symbols between the mobile app and your online account, while RoboForex does not, which can matter if you switch devices often.
Both brokers earn 4 out of 5 stars for their mobile trading apps. However, in ForexBrokers.com’s 2024 rankings, Pepperstone places #21 out of 63 brokers for Mobile Trading Apps, while RoboForex ranks #44. If seamless watchlist syncing and a higher industry ranking are important to you, Pepperstone has the edge; if you mainly need charting tools, alerts, and core mobile features, both apps are capable choices.
| 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.
Both Pepperstone and RoboForex provide daily market commentary, forex news from top-tier sources (e.g., Bloomberg, Reuters, Dow Jones), and an economic calendar. Their research tools differ: Pepperstone includes Autochartist for chart pattern ideas and offers a sentiment tool that shows the ratio of long vs. short positions across instruments. RoboForex does not include Autochartist or a sentiment gauge, but it adds research from Trading Central and tools from Acuity Trading (such as Signal Centre). Neither broker offers TipRanks.
In testing by ForexBrokers.com, Pepperstone earned 4.5 out of 5 stars for Research and ranked #12 of 63 brokers, while RoboForex received 3.5 stars and ranked #38. If you value Autochartist insights and trader sentiment data, Pepperstone may fit better; if you prefer Trading Central and Acuity Trading signals, RoboForex has an edge.
| 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.
Pepperstone vs. RoboForex for beginner education: Pepperstone clearly leads. Pepperstone provides at least ten forex and CFD learning pieces, runs monthly client webinars, and keeps a searchable archive of past sessions so you can learn on your schedule. It also offers at least ten beginner videos plus at least ten advanced videos to grow with you, along with an investor dictionary covering 50+ terms. By contrast, RoboForex doesn’t meet the minimum of ten forex/CFD education pieces, doesn’t host monthly educational webinars or keep a searchable archive, and doesn’t offer large sets of beginner or advanced videos or a sizable glossary.
These differences show up in independent ratings: Pepperstone earns 4.5 out of 5 stars for Education and ranks #17 out of 63 brokers on ForexBrokers.com, while RoboForex scores 3.5 stars and ranks #57. If you’re new to trading and want structured, easy-to-find learning materials, Pepperstone is the stronger pick; RoboForex users may need to rely more on outside resources.
| 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
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 95 | 73 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Pepperstone | RoboForex | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 73 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | RoboForex Review |
| Broker Screenshots | Pepperstone | RoboForex | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| 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) | |||
| 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 | ||
| 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) |
| 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 73 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | RoboForex Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill