Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Pepperstone vs XTB.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Both Pepperstone and XTB hold a 4.00 star rating.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Pepperstone alongside XTB are regulated in a major hub. XTB is a publicly traded company, Pepperstone isn't. How many currency pairs are available to trade? Pepperstone offers its clients access to 59 different currency pairs while XTB has 49 available pairs, a difference of 10.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Pepperstone and XTB both offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Both brokers offer clients access to the same number of charting tools, 31. Both Pepperstone and XTB provide clients with access to 51 total indicators (eg, moving averages).
Overall, both Pepperstone and XTB hold a 4.00 star rating. And, when it comes to individual category awards, Pepperstone posted awards Best in Class - Customer Service and Best in Class - Active Trading in 2018, while XTB found itself with Best in Class - Customer Service.