Pepperstone versus Eightcap

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, and the dedicated cryptocurrency solution Cryptocrusher, ensuring a competitive edge for traders.

Headquarters
AustraliaAustralia
Regulators
ASIC, CySEC, FCA, SCBASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established
20092010
Execution Type(s)
ECN/STP, Market MakerNo Dealing Desk, NDD
Minimum Deposit
$100$200
Negative Balance Protection
N/A
Trading Platform(s)
MetaTrader 4, MetaTrader 5, Trading ViewMetaTrader 4, MetaTrader 5, cTrader, Trading View
Average Trading Cost EUR/USD
1.0 pips1.1 pips
Average Trading Cost GBP/USD
1.2 pips1.6 pips
Average Trading Cost WTI Crude Oil
$0.03 $0.03
Average Trading Cost Gold
$0.12 $0.20
Retail Loss Rate
N/A78.60%
Minimum Raw Spreads
N/A0.0 pips
Minimum Standard Spreads
N/A1.0 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 WebsiteVisit Website

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 WebsiteVisit Website

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
N/A
Stocks (non-CFDs)
N/A
Bonds
N/A
ETFs
Options
N/A
Futures
Synthetics
Visit WebsiteVisit Website

Traders get a balanced asset selection and high leverage at both Eightcap and Pepperstone, allowing proper cross-asset diversification. The former lists 1,000+ 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 250+ cryptocurrency CFDs.

Typical Spreads and Fees

Average Trading Cost EUR/USD
1.0 pips1.1 pips
Average Trading Cost GBP/USD
1.2 pips1.6 pips
Average Trading Cost WTI Crude Oil
$0.03 $0.03
Average Trading Cost Gold
$0.12 $0.20
Average Trading Cost Bitcoin
$12 $16.50
Minimum Raw Spreads
N/A0.0 pips
Minimum Standard Spreads
N/A1.0 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 WebsiteVisit Website

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 KingdomUnited Arab Emirates, Australia, The Bahamas, Cyprus, Germany, Kenya, United Kingdom
Name of the Regulator
ASIC, CySEC, FCA, SCBASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Regulatory License Number
391441, 40377, 246/14, 921296414530, F217, 388/20, F004356, 91279, 128, 684312
Visit WebsiteVisit Website

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

ProsCons
Innovative trading tools focused on algorithmic tradingBelow-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

ProsCons
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:

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.

Most Visited Forex Broker Reviews