Traders at Eightcap can manage portfolios using the core MT4/MT5 trading platforms, which support algorithmic and social trading. Eightcap offers the Amazing Trader plugin, connects to the active TradingView community, provides traders with Capitalise AI, a cutting-edge service offering a code-free environment to automate strategies.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- Pepperstone versus Eightcap - Verdict
 |  | |
Headquarters | Australia | Australia |
Regulators | ASIC, CySEC, FCA, SCB | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2009 | 2010 |
Execution Type(s) | ECN/STP, Market Maker | No Dealing Desk, NDD |
Minimum Deposit | $100 | $0 |
Negative Balance Protection | N/A | |
Trading Platform(s) | MetaTrader 4, MetaTrader 5, Trading View | Other, MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Trading View+ |
Average Trading Cost EUR/USD | 1.0 pips | 1.1 pips |
Average Trading Cost GBP/USD | 1.2 pips | 1.4 pips |
Average Trading Cost WTI Crude Oil | $0.03 | $2.50 |
Average Trading Cost Gold | $0.12 | $0.15 |
Retail Loss Rate | N/A | 74-89% |
Minimum Raw Spreads | N/A | 0.0 pips |
Minimum Standard Spreads | N/A | 1.0 pips |
Minimum Commission for Forex | $7.00 per Round Lot | 6.00 per round lot (cTrader) / $7.00 per round lot (MT4/MT5) |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
| Visit Website | Visit Website 75-95% of traders on margin lose |
Features and Platforms
| | |
MT4 | ||
MT5 | ||
MT4/MT5 Add-Ons | N/A | |
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
Social/Copy Trading | N/A | |
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
| Visit Website | Visit Website 75-95% of traders on margin lose |
Noteworthy:
Eightcap offers a MAM module for account managers, making it ideal for popular managed cryptocurrency accounts. Pepperstone added the active TradingView community to its offering and has a volume-based rebate program.
Available Markets
| | |
Currency Pairs | ||
Cryptocurrencies | N/A | |
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | N/A | |
Bonds | N/A | |
ETFs | ||
Options | N/A | |
Futures | ||
Synthetics | ||
| Visit Website | Visit Website 75-95% of traders on margin lose |
Traders get a balanced asset selection and high leverage at both Eightcap and Pepperstone, allowing proper cross-asset diversification. The former lists 801 trading instruments versus 1,200+ at the latter. Pepperstone has a better Forex selection and covers equity markets in greater quantity, including ETFs. Eightcap takes the lead in crypto with its industry-leading 122 cryptocurrency CFDs.
Typical Spreads and Fees
| | |
Average Trading Cost EUR/USD | 1.0 pips | 1.1 pips |
Average Trading Cost GBP/USD | 1.2 pips | 1.4 pips |
Average Trading Cost WTI Crude Oil | $0.03 | $2.50 |
Average Trading Cost Gold | $0.12 | $0.15 |
Average Trading Cost Bitcoin | $12 | 25 |
Minimum Raw Spreads | N/A | 0.0 pips |
Minimum Standard Spreads | N/A | 1.0 pips |
Minimum Commission for Forex | $7.00 per Round Lot | 6.00 per round lot (cTrader) / $7.00 per round lot (MT4/MT5) |
Deposit Fee | N/A | |
Withdrawal Fee | ||
Inactivity Fee | No | $0 |
| Visit Website | Visit Website 75-95% of traders on margin lose |
Trading costs at both brokers are competitive. The commission-based account offers raw spreads from 0.0 pips, where Eightcap charges a fee of $7.00 versus $6.00 at Pepperstone. The overall cost advantage changes to Eightcap in commission-free equity trading, where Pepperstone has a $7.00 commission minus rebates.
Security and Trust
| | |
Country of the Regulator | Australia, The Bahamas, Cyprus, United Kingdom | United Arab Emirates, Australia, The Bahamas, Cyprus, Germany, Kenya, United Kingdom |
Name of the Regulator | ASIC, CySEC, FCA, SCB | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB |
Regulatory License Number | 391441, 40377, 246/14, 921296 | 414530, 91279, 128, 388/20, F004356, 684312, F217 |
| Visit Website | Visit Website 75-95% of traders on margin lose |
Negative balance protection and segregation of client deposits from corporate funds exist at both Eightcap and Pepperstone. Eightcap has fewer regulators, but both maintain equally secure and trustworthy environments and clean regulatory records.
Eightcap vs Pepperstone – Verdict
Eightcap
Pros | Cons |
|---|---|
| Innovative trading tools focused on algorithmic trading | Below-average Forex selection |
| Balanced asset selection and leading cryptocurrency broker | |
| Competitive commission-based cost structure and deep liquidity | |
| Quality educational content and research for beginner traders |
Pepperstone
Pros | Cons |
|---|---|
| Excellent choice of trading platforms consisting of MT4/MT5, and cTrader | Minimum deposit slightly higher but within a reasonable range |
| Market-leading MT4/MT5 upgrade package, Autochartist, and API trading | |
| Social trading support via Myfxbook, MetaTrader Signals, and DupliTrade | |
| Leverage of up to 1:500 and superb trade execution |
High leverage, deep liquidity, fast order execution, and VPS hosting for 24/7 algorithmic trading are available at Eightcap and Pepperstone. Trading costs and the asset quantity remain nearly identical, but Eightcap features 250+ cryptocurrency CFDs, making it an industry leader in this sector. Eightcap trumps Pepperstone with its overall product and services portfolio due to its high-quality trading tools focused on algorithmic trading.
You might also be interested in reviewing the below broker comparisons:
- Pepperstone vs Fondex
- Pepperstone vs AxiTrader
- Pepperstone vs FXCM
- Eightcap vs PurpleTrading
- Eightcap vs Avatrade
- Eightcap vs Alpari
FAQs
What is Pepperstone's leverage?
The maximum leverage offered by Pepperstone globally is 1:500.
Is Pepperstone an Australian broker?
Pepperstone is an Australian broker with international subsidiaries, where it offers more competitive trading conditions.
Does Pepperstone have BTC?
Pepperstone offers BTC CFDs but does not offer physical BTC purchases.
Is Eightcap or Pepperstone better for beginners?
Beginners can get quality education at Eightcap and Pepperstone, but Eightcap remains a better choice due to its cutting-edge trading tools.
Does Pepperstone allow scalping?
Pepperstone lists no restrictions on scalping and maintains a highly competitive trading infrastructure for scalpers, including deep liquidity, fast order execution, high leverage, and low trading costs.