Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs Spreadex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Pepperstone and Spreadex are both well-known online brokers, yet they differ significantly in terms of trust and regulation. Founded in 2010, Pepperstone is a more recent entrant to the market but is highly regarded with a Trust Score of 95 out of 99 from ForexBrokers.com, categorizing it as highly trusted. This broker holds three Tier-1 licenses, indicating strong regulatory compliance. In contrast, Spreadex, established in 1999, holds a Trust Score of 71, placing it in the average risk category. It holds one Tier-1 license and is more limited in regulatory oversight compared to Pepperstone. Neither Pepperstone nor Spreadex are publicly traded or operate as banks.
When considering regulatory trustworthiness, Pepperstone stands out for its superior licensing and higher Trust Score. Its possession of additional Tier-1 and Tier-2 licenses reassures potential investors about its commitment to compliance and safety. Spreadex, having been in the industry for longer, holds fewer licenses and scores lower on the trust scale, which may be an important factor for those prioritizing security and regulation in their broker selection. Ultimately, both companies provide trading services, but Pepperstone's stronger regulatory footprint positions it as the more secure choice for users prioritizing trust and oversight.
| Feature |
Pepperstone
|
Spreadex
|
|---|---|---|
| Year Founded | 2010 | 1999 |
| 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 | 0 |
Pepperstone and Spreadex are both competitive on trading costs, but they appeal to different priorities. Pepperstone shines for active traders using its Razor account, while Spreadex posts tight, straightforward spreads. On commissions and fees, Pepperstone is rated 4.5/5 stars and ranks #11 out of 63 brokers at ForexBrokers.com; Spreadex holds 4/5 stars and ranks #28.
Pepperstone’s Razor account (available on TradingView, MT4/MT5, and cTrader) uses a commission-plus-spread model. As of July 2024, Pepperstone listed a 0.10‑pip average spread on EUR/USD; adding the commission-equivalent of 0.70 pips brings the all‑in cost to 0.80 pips, which is near the industry average. Its commission‑free Standard account averaged 1.1 pips on EUR/USD, making it pricier than Razor’s 0.80‑pip all‑in. High‑volume traders can lower costs further with Pepperstone’s Active Trader program: in the UK/EU, professional clients trading at least £20 million per month in forex can receive a 15% rebate per lot, rising to 25% above £200 million; in Australia, professional clients need 100 lots over three months for Tier One (10% discount per standard lot), with Tier Three (more than 3,001 lots monthly) reducing spreads by 30%.
Spreadex reported an average EUR/USD spread of 0.81 pips in January 2024, with a 0.6‑pip minimum achieved 60% of the time that month. Put simply, Pepperstone’s Razor all‑in cost of 0.80 pips is fractionally lower than Spreadex’s average, while Pepperstone’s Standard account at 1.1 pips is higher. The better deal for you will depend on your trade volume, eligibility for Pepperstone’s rebates, and whether you prefer a commission‑plus‑spread structure (Pepperstone Razor) or pricing where the published spread is the main quoted cost (as with Spreadex’s figures).
| Feature |
Pepperstone
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Standard account | 1.1 | 0.81 |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing Pepperstone vs Spreadex for range of investments: Spreadex provides 10,000 tradeable symbols compared with Pepperstone’s 1,726, which helps Spreadex score 5/5 stars and a #14 ranking for Range of Investments; Pepperstone earns 4/5 stars and ranks #27. Both brokers offer forex trading (CFD/spot) and support cryptocurrency CFDs, but neither broker lets you buy actual crypto or exchange-traded shares on U.S. or international exchanges.
Pepperstone lists more tradeable forex pairs—65 versus Spreadex’s 52—so dedicated FX traders may prefer its currency lineup. Pepperstone also offers copy trading, while Spreadex does not. In short, choose Spreadex if you want the widest overall choice of markets, and Pepperstone if you value more FX pairs and access to copy trading.
| Feature |
Pepperstone
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 10000 |
| Forex Pairs (Total) | 65 | 52 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 Spreadex: both online brokers offer free demo (paper) accounts and their own proprietary platforms. Pepperstone adds wider platform choice with MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus both a Windows desktop download and a web-based platform. Spreadex provides a proprietary web platform but no Windows desktop download and does not support MT4 or MT5. Copy trading is available at Pepperstone, while Spreadex does not offer it.
Both brokers let you place trades directly from charts, which can speed up execution. Indicator totals and watchlist column options were not specified. For trading platforms and tools, each earned 4 out of 5 stars; Pepperstone ranked #22 out of 63 brokers at ForexBrokers.com, while Spreadex ranked #47. If you need MT4/MT5 or copy trading, Pepperstone is the better fit. If you prefer a proprietary web platform experience, Spreadex may suit your needs.
| Feature |
Pepperstone
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 15 | 58 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Spreadex both offer iPhone and Android trading apps with price alerts. Pepperstone’s mobile app syncs watchlists with your web account, while Spreadex does not. For charting, the Pepperstone app includes 30 technical studies, supports drawing trendlines, and auto-saves your drawings. Spreadex supports drawing trendlines but does not auto-save drawings, and the number of technical studies is not specified.
According to ForexBrokers.com, both brands earn 4 stars for Mobile Trading Apps, but Pepperstone ranks higher at #21 out of 63 brokers, compared with Spreadex at #47. If you want seamless watchlist syncing and deeper chart tools on your phone, the Pepperstone mobile app has the edge. If you mainly need basic trading with alerts and simple chart annotations, the Spreadex app can still work well.
| Feature |
Pepperstone
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Pepperstone and Spreadex both deliver daily market commentary and forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones. Each offers Autochartist-powered technical analysis tools, a sentiment tool that shows long and short positioning, and an economic calendar covering global events. Neither provides Trading Central research, TipRanks content, or tools from Acuity Trading (including Signal Centre).
For ratings, Pepperstone holds an edge: 4.5 out of 5 stars and ranked #12 of 63 brokers for Research by ForexBrokers.com. Spreadex earns 4 out of 5 stars and ranks #32. If research is a priority, Pepperstone’s higher score and placement suggest a stronger overall experience, while Spreadex still covers the key essentials.
| Feature |
Pepperstone
|
Spreadex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone and Spreadex both give beginners a solid start with at least 10 introductory videos covering key trading topics, helping you learn the basics of forex and CFD trading. Pepperstone goes further by running online educational webinars at least once a month, offering live sessions to ask questions and reinforce lessons. Independent ratings back this up: Pepperstone earns 4.5 out of 5 stars for Education and ranks 17th out of 63 brokers at ForexBrokers.com, while Spreadex holds 4 stars and ranks 45th.
If you plan to grow beyond the basics, Pepperstone also provides 10+ advanced videos for more experienced traders, creating a clear path from beginner to advanced strategies. Spreadex does not offer 10+ advanced videos and does not host monthly webinars, so its learning path is more limited. For beginners seeking ongoing learning with live support and room to advance, Pepperstone is likely the better fit, while Spreadex suits those who want straightforward starter videos without the extra sessions.
| Feature |
Pepperstone
|
Spreadex
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | 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 Spreadex. Pepperstone finished with an overall rank of #16, while Spreadex finished with an overall rank of #39.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
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Spreadex
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| Trust Score | 95 | 71 |
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Pepperstone vs Spreadex: neither online broker lets you buy actual (delivered) cryptocurrency, but both offer cryptocurrency CFDs for trading.
Pepperstone supports ACH/SEPA transfers, PayPal, and bank wire deposits/withdrawals (but not Skrill), while Spreadex offers bank wires only (no ACH/SEPA, PayPal, or Skrill), with Visa/Mastercard availability not specified for either broker.
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 | Spreadex | |
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| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Spreadex Review |
| Broker Screenshots | Pepperstone | Spreadex | |
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| Regulation | Pepperstone | Spreadex | |
|---|---|---|---|
| Trust Score | 95 | 71 | |
| Year Founded | 2010 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Pepperstone | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Pepperstone | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 10000 | |
| Forex Pairs (Total) | 65 | 52 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | Spreadex | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.1 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Pepperstone | Spreadex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No |
| Trading Tools | Pepperstone | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 58 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Pepperstone | Spreadex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Spreadex | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Pepperstone | Spreadex | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Pepperstone Review | Spreadex Review |
| Overall | Pepperstone | Spreadex | |
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| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Spreadex Review |
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