Pepperstone is a Melbourne-based broker specializing in providing markets access to financial instruments, including Forex, index, share, commodities, and cryptocurrencies CFDs. It was founded in 2010 and is regulated by several authorities, including ASIC in Australia. It offers four major trading platforms: TradingView, MetaTrader 5, MetaTrader 4 and cTrader.
AMarkets is an online broker that offers CFD trading on Forex, Crypto, Indices, Commodities, Shares and ETFs. It was established in 2007 and is a member of the Financial Commission, an independent external dispute resolution organization. It provides two popular trading platforms: MetaTrader 4 and MetaTrader 5.
Pepperstone vs AMarkets Regulation Comparison
Broker
Regulator
Compensation Fund
Pepperstone
FCA, ASIC, DFSA, SCB, CMA, CySEC & BaFin
N/A
AMarkets
The Financial Commission
Up to €20,000 per claim
Pepperstone vs AMarkets Trading Assets Comparison
Broker
Forex
Crypto
Indices
Commodities
Shares
ETFs
Pepperstone
44 pairs
27 pairs
16 indices
18 commodities
427 stocks
N/A
AMarkets
44 pairs
27 pairs
16 indices
18 commodities
427 stocks
19 ETFs
Pepperstone vs AMarkets Trading Fees Comparison
Broker
Spreads
Commissions
Pepperstone
From 0.0 pips on Razor account; from 1.0 pips on Standard account
$3.76 per lot on Razor account; none on Standard account
AMarkets
From 0.2 pips on ECN account; from 1.3 pips on Standard account; fixed on Fixed account
$2.50 per lot on ECN account; none on Standard and Fixed accounts
Pepperstone vs AMarkets Account Types Comparison
Broker
Account Types
Pepperstone
Standard (floating spread starting at 1.0 pips); Razor (floating spread starting at 0.0 pips); cTrader (floating spread starting at -0.3 pips); Islamic (swap-free) available for all account types
AMarkets
Standard (floating spread starting at 1.3 pips); Fixed (fixed spread); ECN (floating spread starting at 0.2 pips); Crypto (account denominated in bitcoin); Islamic (swap-free) available for all account types except Crypto
Pepperstone vs AMarkets Deposit Options Comparison
Broker
Deposit Options
Withdrawal Options
Pepperstone
Bank transfer; credit/debit card; e-wallets (Skrill, Neteller, PayPal etc.)
Bank transfer; credit/debit card; e-wallets (Skrill, Neteller, PayPal etc.)
AMarkets
Bank transfer; credit/debit card; e-wallets (Skrill, Neteller, WebMoney etc.); cryptocurrencies; local payment methods
Bank transfer; credit/debit card; e-wallets (Skrill, Neteller, WebMoney etc.); cryptocurrencies; local payment methods
Pepperstone vs AMarkets Trading Platforms Comparison
Broker
Trading Platforms
Pepperstone
TradingView; MetaTrader 5; MetaTrader 4; cTrader
AMarkets
MetaTrader 5; MetaTrader 4
Pepperstone vs AMarkets Analytical Tools Comparison
Broker
Analytical Tools
Pepperstone
Autochartist; Smart Trader Tools (28 indicators and EAs); economic calendar; market news and analysis
AMarkets
Copy trading; economic calendar; market news and analysis
Pepperstone vs AMarkets. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that can affect your trading performance and experience. There are many factors to consider when comparing brokers, such as regulation, fees, platforms, instruments, customer support and more. Here are some of the main differences between AMarkets and Pepperstone:
Regulation: AMarkets is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, which is not a very reputable or strict regulator. Pepperstone is regulated by multiple authorities, such as the Financial Conduct Authority (FCA) of the UK, the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), the Cayman Islands Monetary Authority (CIMA), the Dubai Financial Services Authority (DFSA), the Securities Commission of The Bahamas (SCB) and the Federal Financial Supervisory Authority (BaFin) of Germany. These are all well-known and respected regulators that impose high standards of security, transparency and client protection. Therefore, Pepperstone is the safer broker in terms of regulation.
Fees: AMarkets offers lower spreads than Pepperstone on average. For example, on the EUR/USD pair, AMarkets has a minimum spread of 0.4 pips, while Pepperstone has a minimum spread of 0.6 pips. However, Pepperstone does not charge any commissions on its Standard account, while AMarkets charges a commission of $2 per lot on its Fixed account. Pepperstone also offers an ECN account called Razor, which has lower spreads but higher commissions. Both brokers charge swap fees for holding positions overnight, but Pepperstone also offers Islamic accounts that are swap-free for Muslim traders. In terms of non-trading fees, AMarkets charges an inactivity fee of $10 per month after 12 months of no trading activity, while Pepperstone does not charge any inactivity fees. However, Pepperstone charges withdrawal fees for some payment methods, such as bank wire transfers and credit/debit cards, while AMarkets does not charge any deposit or withdrawal fees. Therefore, the fees may vary depending on your trading style, account type and payment method.
Platforms: Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as their main trading platforms. These are popular and user-friendly platforms that support multiple features, such as charting tools, indicators, expert advisors, automated trading and more. However, Pepperstone also offers cTrader, which is another advanced platform that has a modern interface, fast execution, depth of market and more. Additionally, Pepperstone provides mobile trading apps for iOS and Android devices, as well as web-based platforms that can be accessed from any browser. Therefore, Pepperstone has more platform options than AMarkets.
Instruments: Both brokers offer a wide range of trading instruments, including forex pairs, indices, commodities, stocks, cryptocurrencies and more. However, Pepperstone has a larger number of instruments than AMarkets. For example, Pepperstone offers over 1200 instruments to trade with, while AMarkets offers over 500 instruments. Therefore, Pepperstone has more diversity and choice than AMarkets in terms of instruments.
Customer support: Both brokers offer 24/5 customer support via phone, email and live chat. However, Pepperstone supports more languages than AMarkets. For example, Pepperstone supports English, Spanish, French and German languages, while AMarkets supports English, Russian, Arabic and Indonesian languages. Therefore, Pepperstone may have better accessibility and communication than AMarkets for some traders.
In conclusion, both brokers have their own advantages and disadvantages. However, based on the comparison above, we think that Pepperstone is the better forex broker overall than AMarkets. Pepperstone has higher regulation standards, more platform options, more instrument variety and more language support than AMarkets. However, you should also consider your own preferences and needs when choosing a broker.
