Comparing forex brokers can be challenging, especially for traders just starting out. Traders should look for several characteristics. Many wish to find the cheapest fees or an easy-to-use platform, while others prefer a broker to guide them through the trading process.
The process of finding the right broker can be stressful and time-consuming. But Forex.com and Pepperstone are two brokers that could be perfect for retail traders. Here's how they compare.
- What is FOREX.com?
- What is Pepperstone?
- Fees and Commissions
- See All 7 Items
What is FOREX.com?
Founded in 2001, Forex.com is a reputable online broker that serves customers looking to trade forex and contract for differences (CFD) markets. Forex.com offers CFDs, spread betting and futures on various asset classes to meet every individual's demands.
The broker appeals to all types of traders. Although its product selection differs by location, it strives for quick execution across several platforms while guaranteeing your money's security.
| Best For | High volume forex and CFD traders |
| Mobile App | Yes |
| MetaTrader 4 (MT4) Compatible | Yes |
| MetaTrader 5 (MT5) Compatible | Yes, Forex.com is also one of the only brokers that offers MT5 to US traders. |
| Accepts U.S Clients | Yes |
| Year Founded | 2001 |
| Headquarters | Bedminster, New Jersey |
| Total Currency Pairs | 80+ |
| Minimum Deposit | $100 |
| Regulators | Regulated in seven Tier-1 jurisdictions, one Tier-2 jurisdiction and one Tier-4 jurisdiction |
| Active-Trader or VIP Discount | Yes |
What is Pepperstone?
Pepperstone is a Melbourne-based brokerage firm that offers trading of several instruments such as forex, indices, equities and commodities. The business provides solutions that aim to help everyone in their trading journeys.
| Best For | Algorithmic traders and copy traders |
| Mobile App | Yes |
| MetaTrader 4 (MT4) Compatible | Yes |
| MetaTrader 5 (MT5) Compatible | Yes |
| Accepts U.S Clients | No |
| Year Founded | 2010 |
| Headquarters | Melbourne, Australia |
| Total Currency Pairs | 100+ |
| Minimum Deposit | $0 |
| Regulators | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA), the Cyprus Securities And Exchange Commission (CySEC), Capital Markets Authority of Kenya (CMA) |
| Active-Trader or VIP Discount | Yes |
Fees and Commissions
The following table examines the percentage in point (PIP) rate for Forex.com and Pepperstone across several forex pairs.
| PIP Rate | FOREX.com | Pepperstone |
| PIP rate USD/EURO | 0.1 | 0.1 |
| PIP rate USD/GBP | 0.1 | 0.1 |
| PIP rate USD/JPY | 0.07 | 10 |
FOREX.com Research Offerings
- Forex.com market research includes several news channels and blog updates from its research teams that are available on its trading platform. The broker also integrates a stream from Reuters to its platform.
- The broker offers expert market news and analysis. This includes daily written content, weekly posts and various insights into a range of markets.
Pepperstone Research Offerings
- Pepperstone offers an unstructured news feed that makes it difficult to find relevant news. But the company offers a telegram channel with its own market commentary. This comes in Chinese, Spanish, Italian and German across its YouTube channels.
- Pepperstone’s daily newsletter covers a recap of current events, market movements and technical analysis.
- Pepperstone offers an economic calendar to help track markets.
Forex.com and Pepperston Head-to-Head
Both brokerages are great options for traders. They both have clear strengths with just a few weaknesses. It’s difficult to compare them to each other, so the choice comes down to the individual trader’s specific requirements.
U.S. citizens cannot set up an account with Pepperstone, but Forex.com is an excellent option. Traders looking for a safe and secure broker can enjoy the convenience of Forex.com and Pepperstone.
Frequently Asked Questions
Is Pepperstone a trusted broker?
Pepperstone is a low-risk broker with regulations across several countries. The broker is authorized by two tier-1 regulators, two tier-2 regulators and one tier-3 regulator.
Does FOREX.com or Pepperstone offer lower pricing?
Comparing the costs and commissions of brokers is not easy. Forex.com and Pepperstone offer relatively impressive spreads compared to other brokers.
Which trading platform is better: FOREX.com or Pepperstone?
Only the user’s experience can only decide the best platform for them. Both platforms have strengths and weaknesses.
Get a Forex Pro on Your Side
FOREX.com, registered with the Commodity Futures Trading Commission (CFTC), lets you trade a wide range of forex markets with low pricing and fast, quality execution on every trade.
You can also tap into:
- EUR/USD as low as 0.2 with fixed $5 commissions per 100,000
- Powerful, purpose-built currency trading platforms
- Monthly cash rebates of up to $9 per million dollars traded with FOREX.com’s Active Trader Program
Learn more about FOREX.com’s low pricing and how you can get started trading with FOREX.com.
About Jay and Julie Hawk
Jay and Julie Hawk are the married co-founders of TheFXperts, a provider of financial writing services particularly renowned for its coverage of forex-related topics. With over 40 years of collective trading expertise and more than 15 years of collaborative writing experience, the Hawks specialize in crafting insightful financial content on trading strategies, market analysis and online trading for a broad audience. While their prolific writing career includes seven books and contributions to numerous financial websites and newswires, much of their recent work was published at Benzinga.