Forex traders always look for trading with brokers that suit their trading needs and preferences. Pepperstone and ProsperityFX are online forex brokers that offer their trading services to traders and investors. Peperstone is a highly regulated and trusted forex broker. It is regulated in three Tier-1 jurisdictions, two Tier-2 jurisdictions, and two Tier-4 jurisdictions. On the other hand, ProsperityFX is an offshore forex broker which is not regulated by any regulatory bodies.
In this article, we will review and compare the brokerage services offered by Pepperstone and ProsperityFX. We will explore options such as regulations, reputations, fees, features, leverage, and more. Additionally, we will analyze and rate the brokers based on macro and micro categories and options. By reviewing these aspects, you will get a clear idea of which broker suits you best for your trading journey.
Pepperstone vs ProsperityFX: In a Nutshell
Pepperstone
Founded in 2010 by Owen Kerr and Joe Davenport, Pepperstone is an Australian-based forex and CFD broker that offers online trading services globally. The broker has offices in Melbourne, London, Düsseldorf, Dubai, Limassol, Nassau, and Nairobi. Pepperstone gives you access to trade more than 1,200 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 seven jurisdictions and boasts over 400,000 clients from all over the world. To learn more, you can read our review on Pepperstone, where we have covered its features, pros, cons, ratings, and more
- 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.
- 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
ProsperityFX
ProsperityFX facilitates the trading of over 200 forex and CFDs on its MT4 platforms. Founded in 2020, the broker offers multiple account types, ECN raw spreads, fast executions, and 24/7 support. You can fund your account via several cryptos and there are no extra charges for deposits or withdrawals.
- Low Minimum Deposit - Starting from $10
- Allow Crypto CFD Trading
- Demo Accounts are Available
- Higher Leverage for US, and EU clients.
- Allow Scalping, EA Trading and News Trading
- ProsperityFX Accepts Crypto Deposits
- Offshore Broker with very limited information
- Limited Deposit and Withdrawal Option
- Spread sometimes widens during market volatility
- Unregulated Forex broker
- No Managed Account Options
Pepperstone vs ProsperityFX: 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
Pepperstone vs ProsperityFX: Side By Side Comparison
Pepperstone vs ProsperityFX: Our Scores and Ratings
We rated both brokers, Pepperstone and ProsperityFX, 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:
ProsperityFX:
Conclusions :
Both Pepperstone and ProsperityFX offer similar trading services worldwide. However, there are differences in their regulations, reputation, and operation. Pepperstone is a highly regulated and trusted forex broker. It is regulated by top-tier regulatory authorities, including FCA, ASIC, CySEC, DFSA, CMA, SCB, and BaFin. On the other hand, ProsperityFX is an unregulated offshore forex broker. Pepperstone provides Multiple trading platforms including MT4, MT5, cTrader, and TradingView. On the Contrary, ProsperityFX does not offer MT4/MT5.
As Pepperstone is not licensed in the USA, it cannot accept US clients. On the other side, being an unregulated offshore forex broker, ProsperityFX can onboard clients from anywhere in the world, including the USA. Therefore, non-US traders may opt for Pepperstone, while US traders looking for offshore forex brokers may consider ProsperityFX. Trading with offshore forex brokers is risky and not recommended.
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
