Compare Pepperstone vs FXTM. Should trade at Pepperstone or FXTM?

Compare Pepperstone vs FXTM

What is Pepperstone? What is FXTM?

• Pepperstone is a global online broker that offers forex and CFD trading on various platforms, including MetaTrader 4, MetaTrader 5, cTrader and TradingView. It was founded in 2010 in Australia and has offices in the UK, Germany, Cyprus and Dubai. It is regulated by multiple authorities, such as ASIC, FCA, CySEC, DFSA and BaFin.
• FXTM is a global online broker that offers forex and CFD trading on MetaTrader 4 and MetaTrader 5 platforms. It was founded in 2011 in Cyprus and has offices in the UK, South Africa, Mauritius and the Bahamas. It is regulated by multiple authorities, such as FCA, CySEC, FSCA, FSC and SCB.

Pepperstone vs FXTM Regulation Comparison

• Both brokers are regulated by reputable authorities in different jurisdictions, which means they have to comply with high standards of security, transparency and customer protection.
• However, Pepperstone has more licenses than FXTM, including in Germany (BaFin) and Dubai (DFSA), which may give it an edge in terms of trustworthiness and market access.
• Additionally, Pepperstone offers negative balance protection to all its clients, while FXTM only offers it to clients under CySEC and FSC regulation. This means that Pepperstone clients cannot lose more than their account balance in case of extreme market volatility.

Pepperstone vs FXTM Trading Assets Comparison

• Both brokers offer a wide range of trading instruments, including currency pairs, cryptocurrencies, indices, commodities and shares.
• However, Pepperstone has more assets than FXTM in some categories, such as cryptocurrencies (12+ vs 0), indices (14+ vs 11) and shares (300+ vs 180).
• On the other hand, FXTM has some unique assets that Pepperstone does not offer, such as ETFs and bonds.

Pepperstone vs FXTM Trading Fees Comparison

• Both brokers offer different types of accounts with different fee structures. Pepperstone has two main accounts: Standard and Razor. The Standard account has no commissions but higher spreads, while the Razor account has low spreads but charges commissions per lot traded.
• FXTM has four main accounts: Standard MT4/MT5, Cent MT4/MT5, ECN MT4/MT5 and ECN Zero MT4/MT5. The Standard and Cent accounts have no commissions but higher spreads, while the ECN and ECN Zero accounts have low spreads but charge commissions per lot traded.
• In general, Pepperstone has lower fees than FXTM for most currency pairs and account types. For example, the average spread for EUR/USD on the Razor account is 0.17 pips with a commission of $3.50 per lot traded (round turn), while the average spread for EUR/USD on the ECN account is 0.3 pips with a commission of $2.00 per lot traded (round turn).
• However, FXTM has lower fees than Pepperstone for some currency pairs and account types. For example, the average spread for GBP/USD on the Cent account is 1.8 pips with no commission, while the average spread for GBP/USD on the Standard account is 2.6 pips with no commission.

Pepperstone vs FXTM Account Types Comparison

• Both brokers offer different account types to suit different trading styles and preferences.
• Pepperstone has two main account types: Standard and Razor, as well as an Islamic account for swap-free trading and an Active Trader Program for high-volume traders who can benefit from discounts on fees and other perks.
• FXTM has four main account types: Standard MT4/MT5, Cent MT4/MT5, ECN MT4/MT5 and ECN Zero MT4/MT5, as well as an Islamic account for swap-free trading and a Shares account for trading US and European stocks.
• The main differences between the account types are the minimum deposit, the leverage, the spreads, the commissions and the available instruments.

Pepperstone vs FXTM Deposit Options Comparison

• Both brokers offer a variety of deposit and withdrawal options for their clients, including bank transfers, credit/debit cards and e-wallets.
• However, Pepperstone has more payment methods than FXTM, such as PayPal, Neteller, Skrill, UnionPay and BPay .
• Additionally, Pepperstone does not charge any fees for deposits or withdrawals, while FXTM charges some fees for withdrawals depending on the method and the amount .
• The table below shows the available payment methods and fees for both brokers.

Pepperstone vs FXTM Trading Platforms Comparison

• Both brokers offer the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are widely used by forex and CFD traders around the world. These platforms have advanced charting tools, technical indicators, market news, trading signals and support for automated trading via Expert Advisors (EAs).
• However, Pepperstone also offers two other platforms that FXTM does not: cTrader and TradingView. cTrader is a web-based platform that has a user-friendly interface, fast execution, level II pricing, advanced order types and a range of custom indicators. TradingView is a social trading platform that allows traders to share ideas, strategies and charts with other users, as well as access live quotes, market data and trading signals.
• Additionally, Pepperstone has more automated trading tools than FXTM, such as Capitalise.ai, Smart Trader and API trading. Capitalise.ai is a platform that allows traders to create and execute trading strategies using natural language. Smart Trader is a platform that provides traders with market analysis, trading signals and risk management tools. API trading is a service that allows traders to connect their own applications or software to Pepperstone’s servers for direct market access.

Pepperstone vs FXTM Analytical Tools Comparison

• Both brokers provide their clients with various analytical tools to help them make informed trading decisions. These include market news, economic calendars, trading signals, webinars and educational resources.
• However, FXTM has more analytical tools than Pepperstone in some areas, such as market research and copy trading. FXTM has a dedicated team of analysts who provide daily market commentary, technical analysis and trading tips on various instruments. FXTM also has a copy trading service called FXTM Invest, which allows traders to follow and copy the trades of successful strategy managers for a fee.
• On the other hand, Pepperstone has more analytical tools than FXTM in some areas, such as charting and risk management. Pepperstone offers TradingView as a platform that has advanced charting features, such as drawing tools, custom indicators and alerts. Pepperstone also offers Smart Trader as a platform that has risk management features, such as stop loss orders, trailing stops and take profit orders.

Pepperstone vs FXTM. Which forex broker is better? Which forex broker should you choose?

Based on the comparison I have provided, you may consider some of the following factors to help you choose the broker that suits you best:

• If you value safety and regulation, you may prefer Pepperstone, as it has more licenses and offers negative balance protection to all its clients.
• If you value low fees and tight spreads, you may prefer Pepperstone, as it has lower costs for most currency pairs and account types, especially on its Razor account.
• If you value a wide range of trading assets, you may prefer Pepperstone, as it has more instruments than FXTM in some categories, such as cryptocurrencies, indices and shares.
• If you value a variety of trading platforms and tools, you may prefer Pepperstone, as it offers MT4, MT5, cTrader, TradingView and other automated trading services.
• If you value market research and copy trading, you may prefer FXTM, as it has a dedicated team of analysts and a copy trading service called FXTM Invest.
• If you value high leverage and low minimum deposit, you may prefer FXTM, as it offers up to 2000:1 leverage and $10 minimum deposit on some of its accounts.

Ultimately, the choice is yours and you can research and due diligence before opening an account with any broker. You can also try their demo accounts to test their platforms and services before committing to real money trading.