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Pepperstone vs TopFX 2023

ForexBrokers.com

Written by ForexBrokers.com

August 29, 2023

Is Pepperstone better than TopFX? In our analysis of 23 international regulators across 62 of the best forex brokers, Pepperstone is considered Highly Trusted, with an overall Trust Score of 95 out of 99. TopFX is considered High-Risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

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Overall Rating Pepperstone TopFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 95 67
Winner check_circle
Review Pepperstone Review TopFX Review
Broker Screenshots Pepperstone TopFX
Trading Platforms Gallery (click to expand) info
zoom_in Pepperstone cTrader desktop trading platform chartszoom_in zoom_in Pepperstone cTrader desktop trading platform order Autochartistzoom_in Pepperstone cTrader desktop expanded trade ticket window.zoom_in Pepperstone MT5 desktop trading platformzoom_in Pepperstone MT5 desktop trading platform chartszoom_in Pepperstone MT5 desktop trading platform watchlistzoom_in zoom_in zoom_in
TopFX MetaTrader 4 desktop trading platformzoom_in TopFX MetaTrader 4 desktop trading platform chartszoom_in TopFX cTrader web trading platformzoom_in TopFX cTrader desktop trading platform chartszoom_in TopFX cTrader desktop trading platformzoom_in TopFX cTrader desktop trading platform algo tradingzoom_in TopFX cTrader desktop market order windowzoom_in
Mobile Trading Gallery (click to expand) info
Pepperstone cTrader mobile watchlistzoom_in Pepperstone cTrader mobile app.zoom_in Pepperstone cTrader mobile chartingzoom_in Pepperstone cTrader mobile order entryzoom_in Pepperstone MetaTrader 5 mobilezoom_in Pepperstone MetaTrader 5 MT5 mobile app watchlist.zoom_in Pepperstone MetaTrader 4 mobile chartingzoom_in
TopFX MetaTrader 4 MT4 mobile trading appzoom_in TopFX MetaTrader 4 MT4 mobile trading app watchlistzoom_in TopFX MetaTrader 4 MT4 mobile trading app chartszoom_in TopFX MetaTrader 4 MT4 mobile trading app economic calendarzoom_in
Research Gallery (click to expand) info
Pepperstone research daily market analysis articles.zoom_in zoom_in Pepperstone research videos YouTube market analysiszoom_in Pepperstone Talks YouTube playlist videos research webinars.zoom_in Pepperstone research videos YouTube channel archived webinars playlistzoom_in Pepperstone Podcast on Spotifyzoom_in
TopFX cTrader web cTraderCopy strategieszoom_in TopFX cTrader desktop economic market newszoom_in TopFX cTrader desktop economic calendarzoom_in TopFX cTrader desktop cTraderCopyzoom_in
Education Gallery (click to expand) info
Pepperstone educational articles by experiencezoom_in Pepperstone archived webinars educational videos YouTubezoom_in Pepperstone research videos YouTube channel playlistszoom_in zoom_in
TopFX educational videos Facebook pagezoom_in TopFX client portalzoom_in
Regulation Pepperstone TopFX
Trust Score info 95 67
Year Founded info 2010 2010
Publicly Traded (Listed) info No No
Bank info No No
European Union Authorised (MiFID) info Yes info Yes info
Tier-1 Licenses info 3 1
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1
Tier-1 Licenses (Highly Trusted) Pepperstone TopFX
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
European Union Authorised (MiFID) info Yes info Yes info
Tier-2 Licenses (Trusted) Pepperstone TopFX
Kenya (CMA Authorised) info Yes No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments Pepperstone TopFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 2342 655
Forex Pairs (Total) info 62 60
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 TopFX
Average Spread EUR/USD - Standard info 0.77 info N/A info
All-in Cost EUR/USD - Active info 0.87 info N/A info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding Pepperstone TopFX
Minimum Deposit info $200 Depends on payment method
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms Pepperstone TopFX
Proprietary Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
cTrader info Yes Yes
DupliTrade info Yes No
ZuluTrade info No No
Trading Tools Pepperstone TopFX
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 15 30
Charting - Drawing Tools (Total) info 30 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Pepperstone TopFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Forex Calendar info Yes Yes
Research Pepperstone TopFX
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info No Yes
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education Pepperstone TopFX
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs Pepperstone TopFX
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review Pepperstone Review TopFX Review
Overall Pepperstone TopFX
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 95 67
Winner check_circle
Review Pepperstone Review TopFX Review
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Pepperstone vs TopFX Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Pepperstone vs TopFX.

Does Pepperstone or TopFX offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Pepperstone offers better pricing overall for traders.

Is Pepperstone or TopFX safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Pepperstone holds 3 global Tier-1 licenses, while TopFX holds 1. Pepperstone holds 2 global Tier-2 licenses, while TopFX holds 0. In our analysis of 23 international regulators across 50 brokers, Pepperstone (95) earned a higher Trust Score than TopFX (67).

Which trading platform is better: Pepperstone or TopFX?

To compare the trading platforms of both Pepperstone and TopFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Pepperstone offers a better experience. With research, Pepperstone offers superior market research. Finally, we found Pepperstone to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both Pepperstone and TopFX offer MetaTrader 4 (MT4).Pepperstone and TopFX both offer copy trading.

How many forex pairs and CFDs are available to trade?

Pepperstone provides traders 62 currency pairs (e.g., EUR/USD) compared to TopFX's 60 available pairs. Forex pairs aside, Pepperstone offers traders access to 2342 CFDs while TopFX has 655 available CFDs, a difference of 1687.

Can I trust Pepperstone?

Pepperstone is not publicly traded and does not operate a bank. Pepperstone is authorised by three Tier-1 regulators (Highly Trusted), two Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 (High Risk). Pepperstone is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), and the European Union via MiFID.

Can I trust TopFX?

TopFX is not publicly traded and does not operate a bank. TopFX is authorised by one tier-1 regulator (Highly Trusted), zero tier-2 regulators (Trusted), zero tier-3 regulators (Average Risk), and one tier-4 regulator (High Risk). TopFX is authorised by the following tier-1 regulators: the European Union via MiFID.

Is Pepperstone good?

Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.

Is TopFX good?

TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.

Overall winner: Pepperstone

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announcementPlease 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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