Pepperstone versus FXTM
FXTM maintains the core MT4/MT5 trading platforms. They fully support algorithmic and copy trading, and FXTM deploys its proprietary FXTM Invest service. 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
Features and Platforms
| Features & Platforms | FXTM (visit site) | Pepperstone (visit site) |
 |  | |
| Headquarter: | Mauritius | Australia |
Established : | 2011 | 2010 |
Retail Loss Rate: | 77.00% | 81.12% |
Regulation: | ||
Minimum Deposit: | $10 | $200 |
Demo Account: | ||
Managed Account: | ||
Islamic Account: | ||
Inactivity Fee | $5 monthly after six months | No |
Deposit Fee: | Third-Party | Third-Party |
Withdrawal Fee | Third-Party | Third-Party |
Funding Methods: | 47 | 8 |
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 execution | Excellent MT4 upgrade with 28 plugins |
Unique Feature Two: | Proprietary copy trading platform | VPS, 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 Markets | FXTM | Pepperstone |
| Currency Pairs: | ||
Cryptocurrency Pairs: | ||
Commodities and Metals: | ||
Indices: | ||
Equities: | ||
Bonds: | ||
ETFs: | ||
Options, Futures, and Synthetics: | ||
Maximum Retail Leverage: | 1:2000 | 1:500 |
Maximum Pro Leverage: | 1:200 | 1:500 |
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 & Fees | FXTM | Pepperstone |
Minimum Raw Spreads: | 0.0 pips | 0.0 pips |
Minimum Standard Spreads: | 1.5 pips | 0.6 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: | No | Yes |
Execution Type: | Market Maker/ECN Hybrid | ECN/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 Regulator | Name of the Regulator | License Number |
Australia | Australian Securities & Investments Commission | AFSL No.414530 |
Bahamas | Securities Commission of The Bahamas | License Number SIA-F217 |
Cyprus | Cyprus Securities and Exchange Commission | License Number 388/20 |
Dubai | Dubai Financial Services Authority | License Number F004356 |
Germany | Federal Financial Supervisory Authority | HRB 91279 |
Kenya | Capital Markets Authority | CMA License No.128 |
UK | Financial Conduct Authority | FCA Registration Number 684312 |
FXTM
| Country of the Regulator | Name of the Regulator | License Number |
Mauritius | Financial Services Commission | C113012295 |
UK | Financial Conduct Authority | 777911 |
Cyprus | Cyprus Securities and Exchange Commission | 185/12 |
South Africa | Financial Sector Conduct Authority | 46614 |
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 | |
| Proprietary copy trading platform, low minimum deposit, and high leverage |
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.
It depends on individual circumstances, but Pepperstone ranks among the most competitive and balanced global multi-asset brokers.
The FXTM minimum deposit is $10, but access to the account type with the most competitive trading conditions requires at least $500.
Does FXTM have a bonus?FAQs
Which broker is better than Pepperstone?
It depends on individual circumstances, but Pepperstone ranks among the most competitive and balanced global multi-asset brokers.
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 FXTM minimum deposit is $10, but access to the account type with the most competitive trading conditions requires at least $500.
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.