Pepperstone vs Forex.com Compared 2024 : Pros, Cons, and More!

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Pepperstone and Forex.com 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, Forex.com is regulated by six Tier-1 jurisdictions including ASIC , FCA , JFSA ,NFA ,IIROC , MAS. These two brokers offer similar services. However, each broker has its strengths and weaknesses.

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

Pepperstone vs Forex.Com: In a Nutshell

Pepperstone

Founded in 2010; Pepperstone gives you access to trade more than 1200 forex/CFDs on its powerful platforms; MT4, MT5, cTrader, and TradingView. Courtesy of 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.

Pepperstone At a Glance

Pepperstone At a Glance
  • Founded In: 2010
  • Minimum Deposit: $200
  • Maximum Leverage: 400:1
  • Regulations: ASIC, CySEC, SCB, BaFIN,CMA,DFSA, FCA
  • Trading platform: MT4, MT5, cTrader, DupliTrade, TradingView
  • Account Types: Standard, cTrader raw spread, MetaTrader raw spread , Islamic
  • Payment Options:Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Local Bank Transfers, M-Pesa, Neteller, PayPal, Poli, Skrill, UnionPay
  • US Clients : Not Accepted

Forex.Com

Founded in 2001 , Forex.com is a leading online forex and CFD broker that provides access to a wide range of trading instruments. It is a well established and regulated forex broker that offers MT4, MT5, and Tradingview platforms for US residents and and traders fom other countries. , Forex.com is known for its competitive pricing, advanced trading technology, and comprehensive research and analysis tools. It offers over 80 currency pairs, stocks, ETFs, gold, and silver for your personal investment and trading options.Gain capital operates this trading platform. 

Forex.com Overview
  • Founded In: 2001
  • Minimum Deposit: $50
  • Maximum Leverage: 50:1
  • Regulations:CySEC, FCA , KNF , IFSC
  • Trading platform:Mobile App, Web Trader, Meta Trader 5
  • Account Types: 
  • Payment Options:Bank Wire (BankTransfer/SWIFT), VISA, ACH Payments (echeck)
  • US Traders: Accepted

Pepperstone vs Forex.Com: Pros and Cons

Pepperstone

Pros
  • Regulated in 7 Reputed Jurisdictions (FCA in the UK, CySEC in Cyprus, ASIC in Australia, BaFin in Germany, DFSA in Dubai, CMA in Kenya, and SCB in the Bahamas) 
  • Fast order execution (fast execution on an average of 30 ms) 
  • Competitive spread starting from 0.0 pips 
  • Segregated clients fund with tire 1 bank 
  • No Inactivity Fees 
  • Attractive Trading Conditions 
  • Wide Range of Instruments Offered 
  • Fast and full online account opening 
  • MT4 Smart trader tools, Autochartist, Capitalise.ai, and free VPS are some of the trading tools available.
Cons
  • US Traders not allowed 
  • Only CFDs are Offered 
  • No cent/Micro Account 
  • Minimum deposit 200
  • Support works only 24/5  
  • Limited account protection for non-U.K./E.U. clients
  • No guaranteed Stop loss 
  • 30-day expiry for demo accounts

Forex.Com

Pros
  • Regulated by NFA, FCA, ASIC, CySEC,  IIROC, FSA, CIMA, MAS, 
  • Top-rated forex and CFD broker in the USA 
  • Free demo account for prospective traders
  • Crypto Trading available on MT5 Trading Platforms 
  • Offers protection for U.K./E.U. client accounts
  • VPS hosting for automated strategies
  • Offers MAM account for passive investors 
  • Low forex fees, no FX commissions
Cons
  •  You can not deposit less than $100
  •  Maximum leverage is 1:50
  • No account protection for U.S. clients
  • An inactivity fee applied after 12 months of no account activity
  • Non-user-friendly desktop platform
  • Cannot buy and sell other securities (like stocks and bonds)
  •  

Pepperstone vs Forex.Com: Side-by-Side Comparison

Pepperstone
Forex.com
Product
Founded In
Founded In
2010
2001
Founded By
Founded By
Owen Kerr and Joe Davenport
GAIN Capita
Headquarters
Headquarters
Melbourne, Australia
New Jersey,United States
Regulations
Regulations
FCA, ASIC, SCB, CMA, CySEC and BaFin
NFA , CFTC
Min Deposit
Min Deposit
None
$100
Max Leverage
Max Leverage
1:500
50:1
Tradable Assets
Tradable Assets
Over 1200 forex, CFDs in stocks, indices, commodities, ETFs and Cryptos
Forex, Indices, Stocks , Cryptocurrency, Commodities , Gold and Silver
Fees
Fees
Spread from 1.0 pips, commissions $7/round lot
Spread from
Platforms and Tools
Platforms and Tools
MT4, MT5, cTrader, TradingView
Mobile App, Web Trader, Meta Trader 5
US Traders
US Traders
Not Allowed
Allowed

Pepperstone Vs Forex.Com: Our Scores and Ratings

We rated both brokers, Pepperstone and Forex.Com, 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 :

9.4
Total Score
Regulation and Security (40%)10
Fees and Commissions (20%)9.2
Trading (15%)8.5
Trading tools (10%)9
Customer Support (10%)9.6
Trading Education (5%)8

Forex.Com:

9
Forex.com Scores
Regulation and Security (40%)10
Fees and Commissions (20%)8
Trading (15%)9
Trading tools (10%)8
Customer Support (10%)8
Trading Education (5%)9

Final Verdict :

Pepperstone and Forex.com are regulated forex and CFD brokers in the industry. Both They 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 Forex.com 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 Forex.com is 50:1. Pepperstone offers passive investment programs like MAM and PAMM, while Forex.com does not have any passive investment programs.

Our score for Pepperstone is 9.4, and for Forex.com, 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 are a US trader looking for a reliable and trusted forex broker, you may choose Forex.com. Forex.com also accepts non US traders.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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