To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare Pepperstone vs XTB.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Both Pepperstone and XTB hold a 4.00 star rating.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Pepperstone alongside XTB are regulated in a major hub. XTB is a publicly traded company, Pepperstone isn't. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. XTB trails Pepperstone by 10 total currency pairs (for example, EUR/USD), with Pepperstone offering 59 and XTB offering 49.
To round out our comparison of Pepperstone vs XTB, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Pepperstone and XTB both offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Both Pepperstone and XTB provide clients with access to 31 total charting tools. Both Pepperstone and XTB provide clients with access to 51 total indicators (eg, moving averages).
Overall, both Pepperstone and XTB share a rating of 4.00 stars. And, when it comes to individual category awards, Pepperstone finished with awards Best in Class - Customer Service and Best in Class - Active Trading in 2018, while XTB came up with Best in Class - Customer Service.