Written by ForexBrokers.com
In this head to head comparison of StoneX Trading vs Pepperstone, 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.
StoneX Trading and Pepperstone are both well-known online brokers, but StoneX Trading comes out ahead on regulation and trust. Founded in 1983, StoneX Trading is publicly traded, is not a bank, and holds 7 Tier-1 licenses and 1 Tier-2 license, giving it a ForexBrokers.com Trust Score of 99 out of 99. Pepperstone, founded in 2010, is not publicly traded and is also not a bank. It holds 3 Tier-1 licenses and 2 Tier-2 licenses, with a Trust Score of 94.
For everyday traders, the main difference is that StoneX Trading has the stronger regulatory profile and longer track record, while Pepperstone still scores highly and is considered trusted. Since a higher Trust Score means more confidence in a broker’s oversight, StoneX Trading may appeal to those who want the highest level of regulatory standing, while Pepperstone remains a solid choice with good supervision across multiple regulators.
| Feature |
StoneX Trading
|
Pepperstone
|
|---|---|---|
| Year Founded | 1983 | 2010 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 3 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
StoneX Trading and Pepperstone both keep trading costs close to the industry average, but Pepperstone tends to offer the better deal for active traders. StoneX Trading’s pricing for CFDs, forex, and spread betting is generally in line with the market, and its best rates are usually available on its own platforms or MetaTrader. Its EUR/USD spread on the CFD account averaged 0.74 pips in July 2023, which is fair but not as low as the top low-cost brokers.
Pepperstone stands out more on its Razor account, which uses commission-based pricing and had an average EUR/USD spread of 0.10 pips in July 2024. After adding the commission, the all-in cost came to 0.80 pips, which is still competitive. Its Standard account is simpler because it is commission-free, but the average EUR/USD spread of 1.1 pips makes it more expensive than the Razor option. Both brokers also offer active trader discounts, but Pepperstone’s rebate program is geared more clearly toward high-volume traders.
In ForexBrokers.com’s Commissions and Fees category, Pepperstone scores 5 stars and ranks #5 out of 36 brokers, while StoneX Trading earns 4.5 stars and ranks #16 out of 36. If low trading costs are your main goal, Pepperstone has the edge; StoneX Trading is still a solid choice, especially if you trade on its preferred platforms and qualify for volume-based rebates.
| Feature |
StoneX Trading
|
Pepperstone
|
|---|---|---|
| Minimum Deposit | £100.00 | $10 |
| Average spread (EUR/USD) - Spread-only account | 1.4 | 1.1 |
| All-in Cost EUR/USD - Raw spread account | 0.9 | 0.8 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing StoneX Trading and Pepperstone for range of investments, both brokers give traders access to forex as either a CFD or spot contract, and both support copy trading. StoneX Trading lists 13,500 tradeable symbols and 66 forex pairs, while Pepperstone offers 2,631 tradeable symbols and 65 forex pairs. Neither broker provides access to exchange-traded U.S. shares or international shares, so you cannot buy actual stock in companies like Apple or Vodafone through either platform.
For crypto, both brokers offer cryptocurrency CFDs, but only Pepperstone also lets clients buy actual cryptocurrency. Based on ForexBrokers.com ratings for range of investments, StoneX Trading earns 5 stars and ranks #8 out of 36 brokers, while Pepperstone gets 4 stars and ranks #23. Overall, StoneX Trading offers the wider selection, especially in total markets available, while Pepperstone stands out for offering delivered crypto in addition to CFDs.
| Feature |
StoneX Trading
|
Pepperstone
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 2631 |
| Forex Pairs (Total) | 66 | 65 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | Yes |
| 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.
StoneX Trading and Pepperstone both give traders a strong set of platform choices, including a free demo account, a proprietary platform, a Windows desktop download, a web-based platform, copy trading, and MetaTrader 4 (MT4). Both also let you place trades directly from charts, which can make it easier to act on price moves without switching screens. In short, each broker covers the basics well for traders who want flexibility across desktop, browser, and practice trading environments.
The main difference is that Pepperstone also offers MetaTrader 5 (MT5), while StoneX Trading does not. StoneX Trading is rated 4.5 out of 5 stars for Trading Platforms and Tools and ranks #11 out of 36 brokers at ForexBrokers.com, compared with Pepperstone’s 4 stars and #21 ranking. For traders who want MT5, Pepperstone has the edge, but StoneX Trading appears to have the stronger overall score in this category.
| Feature |
StoneX Trading
|
Pepperstone
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 90 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
StoneX Trading and Pepperstone both make it easy to trade on the go with iPhone and Android apps, plus price alerts and watchlist syncing between the mobile app and online account. Each app also lets you draw trendlines on charts and automatically saves those drawings, which is helpful if you switch between devices. In other words, both brokers cover the basic mobile trading features most people look for.
The main difference is in charting and overall mobile app ratings. StoneX Trading offers 88 technical studies in its mobile app, compared with 30 at Pepperstone, giving traders more tools for chart analysis. StoneX Trading is also rated higher for mobile trading apps at 4.5 out of 5 stars and ranks #9 out of 36 brokers on ForexBrokers.com, while Pepperstone holds a 4-star rating and ranks #19. If mobile charting depth matters to you, StoneX Trading has the edge.
| Feature |
StoneX Trading
|
Pepperstone
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 88 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
StoneX Trading and Pepperstone both give traders a solid set of market research tools. Each one offers daily market commentary, forex news from well-known sources like Bloomberg, Reuters, and Dow Jones, a sentiment tool that shows long and short positioning, and an economic calendar for tracking key global events. Both brokers are rated 4.5 out of 5 stars for Research, which puts them in a strong position for traders who want timely market updates and easy-to-use background information.
The main difference is that StoneX Trading includes Trading Central research tools, such as technical analysis support, while Pepperstone does not. Neither broker offers Autochartist, TipRanks, or Acuity Trading tools. In ForexBrokers.com’s Research rankings, StoneX Trading places higher at #10 out of 36 brokers, compared with Pepperstone at #13, giving StoneX Trading a slight edge for market research overall.
| Feature |
StoneX Trading
|
Pepperstone
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to learning support for beginners, both StoneX Trading and Pepperstone give new traders plenty to work with. Each broker offers forex and CFD education with at least 10 learning pieces focused on those markets, plus monthly online webinars, at least 10 beginner-friendly videos, and at least 10 advanced videos for more experienced traders. Both are also rated 4.5 out of 5 stars for Education, so either platform can be a solid choice if you want a broker that helps you build skills step by step.
That said, StoneX Trading has the edge in ForexBrokers.com’s Education ranking, placing #9 out of 36 brokers, while Pepperstone ranks #15. In simple terms, both brokers are strong for educational content, but StoneX Trading comes out slightly ahead overall for learning resources. If education is a top priority, StoneX Trading may have a small advantage, though Pepperstone still offers a very similar range of beginner and advanced material.
| Feature |
StoneX Trading
|
Pepperstone
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that StoneX Trading is better than Pepperstone. StoneX Trading finished with an overall rank of #8, while Pepperstone finished with an overall rank of #17.
Backed by StoneX Group and formerly named City Index, StoneX Trading is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.
| Feature |
StoneX Trading
|
Pepperstone
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 94 |
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When comparing StoneX Trading vs Pepperstone, Pepperstone stands out for traders seeking delivered cryptocurrency purchases because it offers actual crypto buying, while both brokers provide access to cryptocurrency CFDs for speculative trading.
StoneX Trading and Pepperstone both support ACH/SEPA transfers, PayPal, and bank wire deposits and withdrawals, but Pepperstone has the edge for e-wallet flexibility by also offering Skrill, which StoneX Trading does not.
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 | StoneX Trading | Pepperstone | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | StoneX Trading Review | Pepperstone Review |
| Broker Screenshots | StoneX Trading | Pepperstone | |
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| Regulation | StoneX Trading | Pepperstone | |
|---|---|---|---|
| Trust Score | 99 | 94 | |
| Year Founded | 1983 | 2010 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 3 | |
| Tier-2 Licenses | 1 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | StoneX Trading | Pepperstone | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | 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 | Yes |
| Tier-2 Licenses (Trusted) | StoneX Trading | Pepperstone | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | StoneX Trading | Pepperstone | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 2631 | |
| Forex Pairs (Total) | 66 | 65 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | Yes | |
| 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 | StoneX Trading | Pepperstone | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.4 | 1.1 | |
| All-in Cost EUR/USD - Raw spread account | 0.9 | 0.8 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | StoneX Trading | Pepperstone | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | Yes |
| Trading Platforms | StoneX Trading | Pepperstone | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes |
| Trading Tools | StoneX Trading | Pepperstone | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 88 | 90 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | StoneX Trading | Pepperstone | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 88 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | StoneX Trading | Pepperstone | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | StoneX Trading | Pepperstone | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | StoneX Trading | Pepperstone | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | StoneX Trading Review | Pepperstone Review |
| Overall | StoneX Trading | Pepperstone | |
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| Trust Score | 99 | 94 | |
| Winner | check_circle | ||
| Review | StoneX Trading Review | Pepperstone Review |
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