Compare Pepperstone vs NordFX
What is Pepperstone? What is NordFX?
Pepperstone is an Australian forex broker that was founded in 2010 and is regulated in 7 jurisdictions, including ASIC in Australia. It offers CFD trading across forex, crypto, indices, commodities and shares, with razor sharp pricing and deep liquidity options. It has been voted TradingView Broker of the Year 2022, Best MetaTrader 4 Broker 2023, and #1 by Australian traders for its client support.
NordFX is an international forex broker that was established in 2008 and is regulated by VFSC in Vanuatu. It offers forex trading, as well as metals, crypto, CFD indices, stocks and oil, with low spreads and high leverage. It has received over 60 professional awards, including Best Forex Broker Asia 2022 and Best Crypto Broker 2022.
Pepperstone vs NordFX Regulation Comparison
| Broker | Regulator | License Number |
|---|---|---|
| Pepperstone | ASIC (Australia) | AFSL No.414530 |
| FCA (UK) | FRN No.684312 | |
| DFSA (Dubai) | F004356 | |
| SCB (Bahamas) | SIA-F217 | |
| CMA (Kenya) | No.128 | |
| CySEC (Cyprus) | No.388/20 | |
| BaFin (Germany) | No.151148 | |
| NordFX | VFSC (Vanuatu) | No.15008 |
Pepperstone vs NordFX Trading Assets Comparison
Trading assets are the financial instruments that you can trade with a broker. They vary in terms of liquidity, volatility, risk and return. Here is a table that compares the trading assets of Pepperstone and NordFX:
| Broker | Forex | Gold & Silver | Crypto | Stocks | CFD | Indexes | Oil | Metals | Energies | Soft Commodities | Agriculture | Spread Betting (only for UK clients) | ETF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pepperstone | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ |
| NordFX | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | ❌ | ❌ | ❌ | ❌ | ❌ | ❌ | ❌ |
Pepperstone has more trading assets than NordFX, which means it has more diversity and flexibility for its clients.
Pepperstone vs NordFX Trading Fees Comparison
Trading fees are the costs that you have to pay to the broker when you open or close a trade. They include spreads, commissions, swaps and other charges. Here is a table that compares the trading fees of Pepperstone and NordFX:
| Broker | Min Deposit | Max Leverage | Spread Type | Commissions | Min Position | Swaps |
|---|---|---|---|---|---|---|
| Pepperstone | $0 | 1:30 | Variable | $7 | 0.01 lot | ❌ |
| NordFX | $10 | 1:1000 | Variable | $7 | 0.01 lot | ❌ |
Pepperstone has a lower minimum deposit and a lower commission than NordFX, which means it has lower barriers and costs for its clients.
Pepperstone vs NordFX Account Types Comparison
| Broker | Account Type | Minimum Deposit | Spread (from) | Commission (per side) |
|---|---|---|---|---|
| Pepperstone | Standard Account | $200 USD or equivalent currency amount | 1.1 pips | $0 |
| Razor Account | $200 USD or equivalent currency amount | 0.0 pips | $3.50 per 100,000 units for MT4/MT5, $6 USD per 100,000 units for cTrader/TradingView | |
| NordFX | Fix $10 Account | $10 USD or equivalent currency amount | 2.0 pips | $0 |
| Pro Account | $250 USD or equivalent currency amount | 0.9 pips | $0 | |
| Zero Account | $500 USD or equivalent currency amount | 0.0 pips | 0.0035% per trade (each side) |
The main difference between the account types is the spread and commission structure. Pepperstone offers two types of accounts: Standard and Razor. The Standard account has no commission but higher spreads, while the Razor account has low spreads but charges a commission fee per trade. NordFX also offers two types of commission-free accounts: Fix and Pro. The Fix account has fixed spreads, while the Pro account has variable spreads. The Zero account has the lowest spreads but charges a percentage-based commission fee per trade.
Both brokers offer Islamic accounts for traders who follow Sharia law and do not want to pay or receive interest on their trades. Pepperstone also offers a Professional account for traders who meet certain criteria and can access higher leverage and other benefits.
Pepperstone vs NordFX Deposit Options Comparison
| Broker | Deposit Methods | Withdrawal Methods | Fees | Processing Time |
|---|---|---|---|---|
| Pepperstone | Bank Transfer, Visa, Mastercard, POLi, BPay, PayPal, Neteller, Skrill, Union Pay | Bank Transfer, Visa, Mastercard, PayPal, Neteller, Skrill | No fees from the broker, but bank fees may apply | Instant for e-wallets and cards, 3-5 business days for bank transfers |
| NordFX | Bank Transfer, Visa, Mastercard, WebMoney, Skrill, Neteller, Perfect Money, Ngan Luong, PayToday, Dragonpay | Bank Transfer, Visa, Mastercard, WebMoney, Skrill, Neteller, Perfect Money, Ngan Luong, PayToday, Dragonpay | No fees from the broker for deposits and most withdrawals (except 4% + $7.50 for card withdrawals), but payment system fees may apply | Instant for e-wallets and some cards (except Visa and Mastercard), 3-6 business days for bank transfers |
The main difference between the deposit and withdrawal options is the availability of some local payment methods for NordFX clients in Vietnam (Ngan Luong), Thailand (PayToday) and Philippines (Dragonpay). Pepperstone does not offer these options but has POLi and BPay for Australian clients and Union Pay for Chinese clients. Both brokers accept major credit cards and e-wallets such as PayPal, Neteller and Skrill.
Both brokers do not charge any fees from their side for deposits and withdrawals, but there may be fees from the banks or payment systems involved. NordFX also charges a fee of 4% + $7.50 for card withdrawals. The processing time varies depending on the method chosen. E-wallets and some cards are usually instant or within one business day, while bank transfers can take several days.
Pepperstone vs NordFX Trading Platforms Comparison
| Broker | Trading Platforms | Features | Advantages |
|---|---|---|---|
| Pepperstone | MetaTrader 4, MetaTrader 5, cTrader, TradingView | – Various order types and execution modes – Advanced charting tools and indicators – Automated trading with EAs and scripts – Customisation and backtesting options – Social trading and copy trading services – Web, desktop and mobile versions | – Access to a wide range of markets and instruments – Low latency and fast execution with ECN technology – Integration with popular third-party tools and addons – Award-winning platforms with high ratings from traders |
| NordFX | MetaTrader 4, MetaTrader 4 MultiTerminal | – Various order types and execution modes – Advanced charting tools and indicators – Automated trading with EAs and scripts – Customisation and backtesting options – Multi-account management for traders and managers – Web, desktop and mobile versions | – Access to a wide range of markets and instruments – Low spreads and high leverage with STP technology – Integration with popular third-party tools and addons – User-friendly and reliable platforms with high ratings from traders |
The main difference between the trading platforms is the number and variety of options offered by each broker. Pepperstone offers four major platforms: MetaTrader 4, MetaTrader 5, cTrader and TradingView. Each platform has its own advantages and features, such as different instruments, order types, charting tools, indicators, EAs, scripts, social trading, copy trading, etc. NordFX offers only two platforms: MetaTrader 4 and MetaTrader 4 MultiTerminal. Both platforms are based on the same core features, but the MultiTerminal allows traders and managers to manage multiple accounts simultaneously.
Both brokers offer web, desktop and mobile versions of their platforms, which are compatible with Windows, Mac OS, iOS and Android devices. Both brokers also allow integration with popular third-party tools and addons, such as Autochartist, Smart Trader Tools, MQL5 Signals, etc. Both brokers use advanced technology to ensure low latency, fast execution and reliable performance of their platforms.
Pepperstone vs NordFX Analytical Tools Comparison
The main difference between the analytical tools is the number and variety of options offered by each broker. Pepperstone offers a range of tools and indicators for MT4 and MT5, such as Smart Trader Tools and Autochartist, as well as social and copy trading services, such as Myfxbook, MetaTrader Signals and DupliTrade. These tools help traders to improve their trade execution and management, access trading signals based on technical analysis, learn from and follow experienced traders, test and optimise their trading strategies, etc. NordFX offers only three analytical tools: Economic Calendar, Trading Signals and PAMM Trading. These tools help traders to stay updated on the market events and news, access trading signals from MQL5 community, invest in or manage PAMM accounts with high returns, etc.
Both brokers offer risk management and trade execution tools, such as stop-loss, take-profit, trailing stop, etc. Both brokers also provide performance statistics and ratings of signal providers and PAMM accounts, which help traders to evaluate their reliability and profitability.
Pepperstone vs NordFX. Which forex broker is better? Which forex broker should you choose?
Based on the comparison I have made, I think Pepperstone is a better forex broker than NordFX in terms of regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms and analytical tools.
I cannot tell you which forex broker you should choose, as it is a personal decision that depends on many factors. Here are some suggestions when choosing a suitable outsourcing broker:
- Should consider trading style, level of experience, risk tolerance and goals.
- Should compare brokers’ regulations, reputation, customer service and security
- It is advisable to compare the trading conditions and features of the brokers, such as trading assets, trading fees, account types, deposit and withdrawal options, trading platforms and analytical tools .
