Pepperstone versus FXTM

FXTM maintains the core MT4/MT5 trading platforms. The order execution includes an average execution speed of 0.072 seconds and an average price improvement of 0.29 pips or $2.90 per lot, confirming deep liquidity. Quality education, market research, and trading signals assist beginners.

The Smart Trader Tools upgrade plus the Autochartist plugin ensures the Pepperstone MT4/MT5 trading environments rank among the most competitive globally. Pepperstone also has cTrader, Myfxbook Autotrade, and DupliTrade. Beginner traders get quality education and research, and Pepperstone added Capitalise AI, a code-free environment to automate trading.

We have conducted an in-depth review of FXTM and Pepperstone to determine which one presents the better overall choice and which traders will benefit the most at either broker.

Features and Platforms

Features & PlatformsFXTM (visit site)Pepperstone (visit site)
Headquarter:MauritiusAustralia
Established :
20112010
Retail Loss Rate:
77.00%81.12%
Regulation:
Minimum Deposit:
$500$200
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
$5 monthly after six monthsNo
Deposit Fee:
Third-PartyThird-Party
Withdrawal Fee
Third-PartyThird-Party
Funding Methods:
478
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
Excellent order executionExcellent MT4 upgrade with 28 plugins
Unique Feature Two:
Proprietary mobile trading appVPS, Autochartist, and TradingView
Broker Offers:

Noteworthy:

Traders at FXTM must deposit $500+ to access the account type with the most competitive trading conditions. Pepperstone supports API trading, added the active TradingView community, and has a volume-based spread reduction program.

Available Markets

Available MarketsFXTMPepperstone
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:20001:500
Maximum Pro Leverage:
1:2001:500

Both brokers maintain 1,000+ trading instruments, ensuring a balanced asset selection. Pepperstone offers cryptocurrencies and ETFs, which are unavailable at FXTM. Equity traders at FXTM get direct share investments and in-house thematic stock baskets for long-term investors, while Pepperstone offers listing from 23 exchanges. Traders can achieve proper cross-asset diversification at both brokers.

Typical Spreads and Fees

Typical Spreads & FeesFXTMPepperstone
Minimum Raw Spreads:
0.0 pips0.0 pips
Minimum Standard Spreads:
1.5 pips0.6 pips
Minimum Commission for Forex:
$0.80 per 1.0 lot$6.00 per round lot
Commission for Equities:
Commission-free$7.00 per round lot
Rebates:
NoYes
Execution Type:
Market Maker/ECN HybridECN/NDD

While FXTM and Pepperstone both provide traders with highly competitive pricing environments and raw spreads from 0.0 pips, the former takes the lead in commission-based cost, even after the volume-based Pepperstone rebates. FXTM also maintains an edge for equity traders, but Pepperstone offers cheaper commission-free trading costs.

Security and Trust

Pepperstone

Country of the RegulatorName of the RegulatorLicense Number
Australia
Australian Securities & Investments CommissionAFSL No.414530
Bahamas
Securities Commission of The BahamasLicense Number SIA-F217
Cyprus
Cyprus Securities and Exchange CommissionLicense Number 388/20
Dubai
Dubai Financial Services AuthorityLicense Number F004356
Germany
Federal Financial Supervisory AuthorityHRB 91279
Kenya
Capital Markets AuthorityCMA License No.128
UK
Financial Conduct AuthorityFCA Registration Number 684312

FXTM

Country of the RegulatorName of the RegulatorLicense Number
Mauritius
Financial Services CommissionC113012295
UK
Financial Conduct Authority777911
Cyprus
Cyprus Securities and Exchange Commission185/12
South Africa
Financial Sector Conduct Authority46614

Segregation of client deposits from corporate funds and negative protection exists at both FXTM and Pepperstone. The UK and the CySEC subsidiaries at both brokers have investor compensation funds, and FXTM and Pepperstone have clean regulatory records and trustworthy reputations.

Pepperstone vs FXTM – Verdict

Pepperstone

ProsCons
Excellent choice of trading platforms consisting of MT4/MT5, and cTraderMinimum deposits are 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

FXTM

FXTM

ProsCons
Excellent commission-based Forex pricing environment and transparency No cryptocurrencies and a limited choice of commodities
Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app
Quality market research and educational content for beginner traders

A highly regulated broker with a tier-1 license

Pepperstone presents an excellent trading environment with algorithmic trading at its core and a competitive choice for copy traders. Deep liquidity, a balanced asset selection, and superb order execution are equally available. FXTM takes the overall lead due to cheaper trading costs and an average price improvement of 0.29 pips or $2.90 per lot.

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Read full FXTM Review

FAQs

Which broker is better than Pepperstone?

The minimum deposit for FXTM is $500, for the Advantage account which offers highly competitive trading conditions.

Is Pepperstone a scammer?

Pepperstone is not a scammer but one of the most trusted brokers industry-wide, compliant with seven regulators, and has a spotless operational record.

How good is Pepperstone?

Pepperstone offers low trading costs, a balanced asset selection, extensive algorithmic trading support, and social trading alternatives. It remains one of the most competitive brokers all-round.

What is the minimum deposit for FXTM?

The minimum deposit for FXTM is $500, for the Advantage account which offers highly competitive trading conditions.

How long does a Pepperstone withdrawal take?

Pepperstone processes withdrawals daily, but if a request arrives after the cut-off time, it processes it the following business day. It can take up to seven business days for clients to receive their funds, dependent on their geographic location and payment processor.

Which FXTM account is best?

The best account at FXTM is Advantage, where traders get competitive trading conditions for a minimum deposit of $500.

How long does it take to withdraw from FXTM?

While FXTM handles withdrawal requests daily, it may take up to ten business days for clients to receive their funds, payment processor, and geographic location dependent.

Does FXTM have a bonus?

FXTM has bonuses and promotions listed on its website, except in jurisdictions where these may not be offered by law.

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