Pepperstone vs Eightcap 2024: Pro, Cons, and More!

Pepperstone and Eightcap are two popular forex and CFD brokers that offer online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. Pepperstone is regulated by three Tier-1, two Tier-2, and two Tier-4 jurisdictions, including FCA, ASIC, CySEC, DFSA, CMA, and SCB. On the other hand, the Eightcap is regulated by three Tier-1 jurisdictions and one Tier-4 jurisdictions including  ASIC ,FCA , CySEC , SCB. These two brokers offer similar services. However, each broker has its strengths and weaknesses.

In this article, we will compare Pepperstone with Eightcap  regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if Pepperstone is better than Eightcap and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.

Pepperstone vs Eightcap: In a Nutshell

Pepperstone:

Founded in 2010; Pepperstone is an Australian-based forex and CFD broker that offers online trading services globally. The broker gives you access to trade more than 1200 forex/CFDs on its powerful platforms; MT4, MT5, cTrader, and TradingView. With its technological infrastructure, Pepperstone offers lightning-speed executions, multiple trading tools, and low trading fees. It is regulated in 7 jurisdictions and boasts of over 400,000 clients from all over the world.

Eightcap:

Founded in 2009, Eightcap is an Australian-based forex and CFD broker that offers online trading services worldwide. The broker is regulated by top-tier regulatory bodies, including ASIC, FCA, CySEC, SCB, and FSASVG. It allows the trading of over 800 instruments, including forex, shares, commodities, indices, and cryptocurrencies. Eightcap offers popular trading platforms and tools like MT4, MT5, TradingView, WebTrader, an AI-powered economic calendar, Capitalise.ai, and Flash Trader for smart trading. The broker also provides daily trade ideas, professional trading insights, and code-free automation. To learn more, you may read our review of Eightcap

Pepperstone vs Eightcap: Features

Pepperstone:

• Trading Instruments: 1250+Trading instruments including Forex, Commodities, Cryptocurrencies, Shares/Stocks CFDs, etc 
• Maximum leverage: 1:30 for retail traders of ASIC, CySEC, FCA, and BaFin jurisdictions, 1:200 for SCB Jurisdiction, 1:400 for CMA Jurisdiction, and 1:500 for professional traders. 
• Minimum Deposit: No Minimum Deposit. However, Pepperstone recommends $200 or equivalent for the margin requirement. 
• Account Types: Two ( Standard account, Razor Account) 
• Trading Fees: Spread starting from 1 pip for Standard Account or Commission 3.00 to 3.50 per lot for Razor Account on a Single Trip. 
• PAMM/ MAM:  Available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed

Eightcap:

• Trading Instruments: 1000+ including  Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, 
• Maximum leverage: up to 500:1 for SCB regulation, and 30:1 for ASIC, CySEC, and FCA Jurisdiction.  
•  Minimum Deposit: $100 or Equivalent
• Account Types: Three Types of Accounts including Raw Account, Standard Account, Trading View Account 
• Fees: about $3.5 per lot on each side for the raw account, 1 pip spread for the standard account, 1 pip spread for the Tradingview account 
• PAMM/ MAM:  Available 
• Scalping: Allowed 
• News Trading: Allowed
• EA/ Robot Trading: Allowed

Pepperstone vs Eightcap: Pros and Cons

Pepperstone:

Eightcap:

Pepperstone vs Eightcap: Side-by-Side Comparison

Pepperstone Vs Eightcap: Our Scores and Ratings

We rated both brokers, Pepperstone and Demo, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

Pepperstone:

Eightcap:

Final Verdict:

Pepperstone and Eightcap are regulated forex and CFD brokers in the industry. Both offer similar trading services; they both allow scalping, hedging, EA trading, and Copy trading EA. The minimum order size for both of them is 0.01. 

However, there are a few areas where you may find some differences. For example, the minimum deposit for Pepperstone is $0 (with $200 recommended), whereas the minimum deposit for Eightcap is $100. Additionally, the maximum leverage for Pepperstone is 500:1 for professional traders and 200:1 for retail traders, whereas the maximum leverage for Eightcap is 500:1. Pepperstone offers passive investment programs like MAM and PAMM, while Eightcap does not have any passive investment programs. Our score for Pepperstone is 9.4, and for Eightcap, it is 9 .

So, if you are looking for the most trusted forex brokers with MAM and PAMM services, you may choose Pepperstone. However, if you prefer another broker with similar services, you may choose Eightcap.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money