Comparison of FXCM and Pepperstone
| Feature | FXCM | Pepperstone |
|---|---|---|
| Broker | ||
| Year Founded | 1999 | 2010 |
| Broker Type | STP, DMA | ECN, DMA |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | FCA, ASIC, CySEC, FSCA, CIRO, ISA, SVGFSA | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA |
| Platforms | MetaTrader 4 (MT4), Trading Station, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
| Spread | ⮕ Average | ⬊ Low |
| Maximum Leverage | 1:1000 | 1:500 |
| Minimum Deposit | $50 | $1 |
| Base Currencies | USD, EUR, GBP | USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, PayPal | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether) |
| Inactivity Fee | $50 per year after 12 months | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
| Protection Size | £85 000 / €20 000 | £85 000 / €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✔ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | FXCM Review | Pepperstone Review |
About FXCM
FXCM (Forex Capital Markets) is a well-established forex broker that has been serving traders since 1999. Known for its commitment to innovation, FXCM provides a range of advanced trading platforms, including its proprietary Trading Station and third-party options like MetaTrader 4 (MT4) and NinjaTrader. The broker offers access to various trading instruments, including forex, indices, commodities, and cryptocurrencies, making it a versatile choice for traders of all experience levels. FXCM operates under the regulation of trusted authorities, such as the FCA, ASIC, and FSCA, ensuring a safe and transparent trading environment.
Pros
- Regulated by reputable authorities (FCA, ASIC, FSCA)
- Access to multiple trading platforms, including Trading Station, MT4, and TradingView
- No-dealing-desk execution for transparency and direct market access
- Comprehensive educational resources and market analysis tools
- Competitive spreads and flexible leverage options
- Wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies
- Strong focus on platform innovation and advanced tools
Cons
- Higher trading fees on some instruments compared to competitors
- Limited account types for specialized trading needs
- No support for MetaTrader 5 (MT5)
- Customer support may vary depending on the region
About Pepperstone
Pepperstone is a globally recognized forex and CFD broker renowned for its competitive pricing, advanced trading platforms, and superior customer service. Founded in 2010 and headquartered in Melbourne, Australia, Pepperstone has grown to become a trusted name in online trading. With multiple regulatory licenses from top-tier authorities, including ASIC, FCA, and CySEC, the broker offers a secure and transparent trading environment. Whether you're a novice or an experienced trader, Pepperstone provides a range of tools and features to enhance your trading journey.
Pros
- Tight spreads starting from 0.0 pips on Razor accounts
- Regulated by multiple top-tier authorities (ASIC, FCA, CySEC, etc.)
- Access to advanced trading platforms like MetaTrader 4/5 and cTrader
- Excellent for scalping and algorithmic trading with fast execution speeds
- No minimum deposit requirement, making it accessible to all traders
- Dedicated 24/5 multilingual customer support
Cons
- Limited in-house educational resources for beginners
- Limited availability of bonus offers or promotions
FXCM & Pepperstone Regulation
| Feature | FXCM | Pepperstone |
|---|---|---|
Companies | Stratos Markets Limited, Stratos Trading Pty. Limited, Stratos Europe Ltd (ex FXCM EU LTD), Stratos South Africa (Pty) Ltd, Friedberg Mercantile Group Ltd., Stratos Light Limited, Stratos Global LLC | Pepperstone Group Limited, Pepperstone Markets Limited, Pepperstone EU Limited, Pepperstone Financial Services (DIFC) Limited, Pepperstone GmbH, Pepperstone Markets Kenya Limited, Pepperstone Limited |
Countries | United Kingdom, Australia, Cyprus, South Africa, Canada, Israel, Saint Vincent and the Grenadines | Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom |
Regulators | FCA, ASIC, CySEC, FSCA, CIRO, ISA, SVGFSA | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA |
Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
Investor Protection Size | £85 000 / €20 000 | £85 000 / €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
FXCM
Stratos Markets Limited, Stratos Trading Pty. Limited, Stratos Europe Ltd (ex FXCM EU LTD), Stratos South Africa (Pty) Ltd, Friedberg Mercantile Group Ltd., Stratos Light Limited, Stratos Global LLC
Pepperstone
Pepperstone Group Limited, Pepperstone Markets Limited, Pepperstone EU Limited, Pepperstone Financial Services (DIFC) Limited, Pepperstone GmbH, Pepperstone Markets Kenya Limited, Pepperstone Limited
Countries
FXCM
United Kingdom, Australia, Cyprus, South Africa, Canada, Israel, Saint Vincent and the Grenadines
Pepperstone
Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom
Regulators
FXCM
FCA, ASIC, CySEC, FSCA, CIRO, ISA, SVGFSA
Pepperstone
ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA
Investor Protection
FXCM
UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF)
Pepperstone
UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF)
Investor Protection Size
FXCM
£85 000 / €20 000
Pepperstone
£85 000 / €20 000
Publicly Traded
FXCM
Pepperstone
Segregated Accounts
FXCM
Pepperstone
Guaranteed Stop Loss
FXCM
Pepperstone
Negative Balance Protection
FXCM
Pepperstone
Account Types
| Account | FXCM | Pepperstone |
|---|---|---|
STP Account | ||
| Account Name | Standard | — |
| Min Deposit | $50 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 1.2 | — |
| Fee | No | — |
| Max Leverage | 1:1000 | — |
| Stop Out | 100% | — |
| Margin Call | 100% | — |
ECN Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1 |
| Fee | — | No |
| Max Leverage | — | 1:500 |
| Stop Out | — | 20% |
| Margin Call | — | 90% |
Zero Account | ||
| Account Name | — | Razor |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0 |
| Fee | — | $7 per 1 lot |
| Max Leverage | — | 1:500 |
| Stop Out | — | 20% |
| Margin Call | — | 90% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
STP Account
Account Name
FXCM
Standard
Pepperstone
—
Min Deposit
FXCM
$50
Pepperstone
—
Lot Size
FXCM
0.01
Pepperstone
—
Spread Type
FXCM
Floating
Pepperstone
—
Execution
FXCM
Market
Pepperstone
—
Min Spread
FXCM
1.2
Pepperstone
—
Fee
FXCM
No
Pepperstone
—
Max Leverage
FXCM
1:1000
Pepperstone
—
Stop Out
FXCM
100%
Pepperstone
—
Margin Call
FXCM
100%
Pepperstone
—
ECN Account
Account Name
FXCM
—
Pepperstone
Standard
Min Deposit
FXCM
—
Pepperstone
$1
Lot Size
FXCM
—
Pepperstone
0.01
Spread Type
FXCM
—
Pepperstone
Floating
Execution
FXCM
—
Pepperstone
Market
Min Spread
FXCM
—
Pepperstone
1
Fee
FXCM
—
Pepperstone
No
Max Leverage
FXCM
—
Pepperstone
1:500
Stop Out
FXCM
—
Pepperstone
20%
Margin Call
FXCM
—
Pepperstone
90%
Zero Account
Account Name
FXCM
—
Pepperstone
Razor
Min Deposit
FXCM
—
Pepperstone
$1
Lot Size
FXCM
—
Pepperstone
0.01
Spread Type
FXCM
—
Pepperstone
Floating
Execution
FXCM
—
Pepperstone
Market
Min Spread
FXCM
—
Pepperstone
0
Fee
FXCM
—
Pepperstone
$7 per 1 lot
Max Leverage
FXCM
—
Pepperstone
1:500
Stop Out
FXCM
—
Pepperstone
20%
Margin Call
FXCM
—
Pepperstone
90%
Additional Features
Demo Account
FXCM
Pepperstone
VIP Account
FXCM
Pepperstone
Swap-Free Account
FXCM
Pepperstone
Copy Trading
FXCM
Pepperstone
VPS
FXCM
Pepperstone
PAMM/MAM Accounts
FXCM
Pepperstone
Funding and Fees
| Feature | FXCM | Pepperstone |
|---|---|---|
Base currencies | USD, EUR, GBP | USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, PayPal | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether) |
Inactivity fee | $50 per year after 12 months | |
Interest on margin | ||
Withdrawal fee |
Base currencies
FXCM
USD, EUR, GBP
Pepperstone
USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD
Deposit and withdrawal methods
FXCM
Bank Wire, Credit Card, Debit Card, Neteller, Skrill, PayPal
Pepperstone
Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether)
Inactivity fee
FXCM
$50 per year after 12 months
Pepperstone
Interest on margin
FXCM
Pepperstone
Withdrawal fee
FXCM
Pepperstone
Trading Platforms and Conditions
| Feature | FXCM | Pepperstone |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), Trading Station, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
Execution Speed | 28 ms | 40 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | average | low |
Trading Platforms
FXCM
MetaTrader 4 (MT4), Trading Station, TradingView
Pepperstone
MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView
Execution Speed
FXCM
28 ms
Pepperstone
40 ms
Scalping
FXCM
Pepperstone
Expert Advisors (EAs)
FXCM
Pepperstone
Depth of Market (DOM)
FXCM
Pepperstone
Spread
FXCM
average
Pepperstone
low
Trading Assets
| Asset | FXCM | Pepperstone |
|---|---|---|
Currencies | 41 | 97 |
Indices | 15 | 26 |
Stocks | 3512 | 986 |
Cryptocurrencies | 23 | 30 |
Bonds | 0 | 0 |
Metals | 3 | 20 |
Energies | 7 | 4 |
Soft Commodities | 4 | 16 |
ETFs | 280 | 108 |
Currencies
FXCM
41
Pepperstone
97
Indices
FXCM
15
Pepperstone
26
Stocks
FXCM
3512
Pepperstone
986
Cryptocurrencies
FXCM
23
Pepperstone
30
Bonds
FXCM
0
Pepperstone
0
Metals
FXCM
3
Pepperstone
20
Energies
FXCM
7
Pepperstone
4
Soft Commodities
FXCM
4
Pepperstone
16
ETFs
FXCM
280
Pepperstone
108
Education and Analytics
| Feature | FXCM | Pepperstone |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
FXCM
Pepperstone
Indicators
FXCM
Pepperstone
Robots
FXCM
Pepperstone
Signals
FXCM
Pepperstone
Autochartist
FXCM
Pepperstone
Expert Analytics
FXCM
Pepperstone
News Feed
FXCM
Pepperstone
Education Articles
FXCM
Pepperstone
Webinars
FXCM
Pepperstone
Seminars
FXCM
Pepperstone
Customer Support
| Contact | FXCM | Pepperstone |
|---|---|---|
Email | info@fxcmmarkets.com | support@pepperstone.com |
Phone | +16462531401 | +17866281209 |
Facebook | ||
LinkedIn | — | |
YouTube | YouTube | YouTube |
Instagram | — | |
Twitter |
Email
Pepperstone
Phone
FXCM
Pepperstone
LinkedIn
FXCM
—
Pepperstone
Instagram
FXCM
—
Pepperstone
Which Broker is Better?
After comparing FXCM and Pepperstone, Pepperstone comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.