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
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- Pepperstone versus FXTM - Verdict
Cyprus Australia CMA, CySEC, FCA, FSC Mauritius, FSCA ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB N/A 2011 2010 ECN/STP, Market Maker No Dealing Desk, NDD $200 $0 MetaTrader 4, MetaTrader 5, Proprietary platform MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Trading View 0.1 pips 1.1 pips 0.2 pips 1.4 pips $0.09 $2.50 $0.18 $0.15 77.00% 74-89% 0.0 Pips 0.0 pips 1.5 pips 1.0 pips $0.80 - $4.00 per round lot 6.00 per round lot (cTrader) / $7.00 per round lot (MT4/MT5) Get Started Get Started
Features and Platforms
N/A N/A Get Started Get Started
Noteworthy:
Traders at FXTM must deposit $200 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
N/A N/A N/A N/A Get Started Get Started
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
0.1 pips 1.1 pips 0.2 pips 1.4 pips $0.09 $2.50 $0.18 $0.15 N/A 25 0.0 Pips 0.0 pips 1.5 pips 1.0 pips $0.80 - $4.00 per round lot 6.00 per round lot (cTrader) / $7.00 per round lot (MT4/MT5) $5 monthly after 6 months $0 Get Started Get Started
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
Cyprus, Kenya, Mauritius, United Kingdom, South Africa United Arab Emirates, Australia, The Bahamas, Cyprus, Germany, Kenya, United Kingdom CMA, CySEC, FCA, FSC Mauritius, FSCA ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB 185/12, 777911, C113012295, 135, 46614 414530, F217, 388/20, F004356, 91279, 128, 684312 Get Started Get Started
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
| Pros | Cons |
| Excellent choice of trading platforms consisting of MT4/MT5, and cTrader | Minimum 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
| Pros | Cons |
| 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 |
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- Pepperstone vs CMC Markets
- Pepperstone vs IC Markets
FAQs
Which broker is better than Pepperstone?
The minimum deposit for FXTM is $200, 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 $200, 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 $200.
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.