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
 |  | |
Headquarters | Mauritius | Australia |
Regulators | CMA, FCA, FSC Mauritius, FSCA, SCA | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB |
Tier 1 Regulator(s)? | N/A | |
Owned by Public Company? | ||
Year Established | 2011 | 2010 |
Execution Type(s) | ECN/STP, Market Maker | No Dealing Desk, NDD |
Minimum Deposit | $200 | $0 |
Trading Platform(s) | MetaTrader 4, MetaTrader 5, Proprietary platform | Other, MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Trading View+ |
Average Trading Cost EUR/USD | 0.1 pips | 1.1 pips |
Average Trading Cost GBP/USD | 0.2 pips | 1.4 pips |
Average Trading Cost WTI Crude Oil | $0.09 | $2.50 |
Average Trading Cost Gold | $0.18 | $0.15 |
Retail Loss Rate | 77.00% | 74-89% |
Minimum Raw Spreads | 0.0 Pips | 0.0 pips |
Minimum Standard Spreads | 1.5 pips | 1.0 pips |
Minimum Commission for Forex | $0.80 - $4.00 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:
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
| | |
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 |
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
| | |
Average Trading Cost EUR/USD | 0.1 pips | 1.1 pips |
Average Trading Cost GBP/USD | 0.2 pips | 1.4 pips |
Average Trading Cost WTI Crude Oil | $0.09 | $2.50 |
Average Trading Cost Gold | $0.18 | $0.15 |
Average Trading Cost Bitcoin | N/A | 25 |
Minimum Raw Spreads | 0.0 Pips | 0.0 pips |
Minimum Standard Spreads | 1.5 pips | 1.0 pips |
Minimum Commission for Forex | $0.80 - $4.00 per round lot | 6.00 per round lot (cTrader) / $7.00 per round lot (MT4/MT5) |
Deposit Fee | ||
Withdrawal Fee | ||
Inactivity Fee | $5 monthly after 6 months | $0 |
| Visit Website | Visit Website 75-95% of traders on margin lose |
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
| | |
Country of the Regulator | United Arab Emirates, Cyprus, Kenya, Mauritius, United Kingdom, South Africa | United Arab Emirates, Australia, The Bahamas, Cyprus, Germany, Kenya, United Kingdom |
Name of the Regulator | CMA, FCA, FSC Mauritius, FSCA, SCA | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB |
Regulatory License Number | 185/12, 777911, C113012295, 135, 46614, 20200000270 | 414530, 91279, 128, 388/20, F004356, 684312, F217 |
| Visit Website | Visit Website 75-95% of traders on margin lose |
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
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 |
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.
You might also be interested in reviewing the below broker comparisons:
- FXTM vs Capital.com
- FXTM vs Octa
- FXTM vs FBS
- Pepperstone vs Tickmill
- 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.