Compare Pepperstone vs RoboMarkets
What is Pepperstone? What is RoboMarkets?
Pepperstone is an Australian-based broker that was founded in 2010 and is regulated by several authorities, including ASIC, FCA, DFSA, SCB, CMA, CySEC and BaFin. It offers access to over 1200 instruments across forex, crypto, indices, commodities and shares via four trading platforms: TradingView, MetaTrader 4, MetaTrader 5 and cTrader.
RoboMarkets (formerly RoboForex) is a Cyprus-based broker that was founded in 2009 and is regulated by CySEC and IFSC. It offers access to over 12000 instruments across forex, stocks, ETFs, indices, commodities, metals, energies and crypto via seven trading platforms: MetaTrader 4, MetaTrader 5, cTrader, R Trader, R MobileTrader, R WebTrader and R Trader Strategy Builder.
Pepperstone vs RoboMarkets Regulation Comparison
Both brokers are authorised by the Cyprus Securities and Exchange Commission (CySEC), which means they comply with the EU’s MiFID II directive and offer investor protection up to €20,000 per client. However, Pepperstone has more tier-1 licenses than RoboMarkets, which means it is regulated by more reputable authorities in major financial markets such as Australia (ASIC), UK (FCA) and UAE (DFSA). This may give Pepperstone an edge in terms of trustworthiness and security for traders.
| Broker | Tier-1 Licenses | Tier-2 Licenses | Tier-3 Licenses |
|---|---|---|---|
| Pepperstone | 3 (ASIC, FCA, DFSA) | 2 (CySEC, SCB) | 1 (SCB) |
| RoboMarkets | 1 (CySEC) | 0 | 1 (IFSC) |
Pepperstone vs RoboMarkets Trading Assets Comparison
Both brokers offer a wide range of trading assets for CFD trading, but RoboMarkets has more instruments than Pepperstone. RoboMarkets has over 12000 instruments across various asset classes, while Pepperstone has over 1200 instruments.
For forex trading, Pepperstone offers more currency pairs than RoboMarkets: 62 vs 36. Pepperstone also has lower spreads on some of the major pairs, such as EUR/USD and GBP/USD.
For stock trading, RoboMarkets has more options than Pepperstone: over 12000 stocks from various markets such as US, UK, Germany, France and Japan. Pepperstone only offers CFDs on about 60 US shares. However, Pepperstone has lower commissions on US shares than RoboMarkets: $0.02 per share vs $0.015 per share plus exchange fees.
For crypto trading, both brokers offer a similar range of cryptocurrencies: about 30 each. However, Pepperstone has lower spreads on some of the popular coins such as Bitcoin and Ethereum than RoboMarkets.
Pepperstone vs RoboMarkets Trading Fees Comparison
Both brokers charge variable spreads and commissions for CFD trading depending on the account type and the instrument traded. However, there are some differences in their fee structures that may affect the overall trading costs for traders.
- Pepperstone offers two account types: Standard and Razor. The Standard account has no commissions but higher spreads than the Razor account. The Razor account has lower spreads but charges commissions of $3.5 per lot per side for forex and metals trading and $0.02 per share for US share trading. The minimum deposit for both accounts is $200.
- RoboMarkets offers five account types: Pro-Cent, Pro-Standard, ECN-Pro NDD, Prime and R Trader. The Pro-Cent and Pro-Standard accounts have no commissions but higher spreads than the ECN-Pro NDD and Prime accounts. The ECN-Pro NDD and Prime accounts have lower spreads but charge commissions of $2 per lot per side for forex and metals trading and $0.015 per share plus exchange fees for stock trading. The R Trader account has no commissions but charges a platform fee of $10 per month and has fixed spreads for all instruments.The minimum deposit for the Pro-Cent, Pro-Standard and ECN-Pro NDD accounts is $10, for the Prime account is $5,000 and for the R Trader account is $100.
| Broker | EUR/USD | Apple | Bitcoin | Total |
|---|---|---|---|---|
| Pepperstone (Standard) | $7.00 | $4.00 | $20.00 | $31.00 |
| Pepperstone (Razor) | $4.00 | $6.00 | $20.00 | $30.00 |
| RoboMarkets (Pro-Cent) | $10.00 | $5.50 | $25.00 | $40.50 |
| RoboMarkets (Pro-Standard) | $8.00 | $5.50 | $25.00 | $38.50 |
| RoboMarkets (ECN-Pro NDD) | $6.00 | $7.50 | $25.00 | $38.50 |
| RoboMarkets (Prime) | $5.00 | $7.50 | $25.00 | $37.50 |
| RoboMarkets (R Trader) | $8.00 | $4.50 + platform fee ($10/month) | $20.00 + platform fee ($10/month) | $32.50 + platform fee ($10/month) |
Pepperstone vs RoboMarkets Account Types Comparison
- Pepperstone offers two main account types: Standard and Razor. The Standard account has no commissions but higher spreads, while the Razor account has lower spreads but charges commissions. Both accounts have a minimum deposit of $200 and a maximum leverage of 30:1 for retail clients and 500:1 for professional clients.
- RoboMarkets offers six main account types: Pro-Cent, Pro-Standard, ECN-Pro, Prime, R Trader and Pro-Affiliate. The Pro-Cent and Pro-Standard accounts have no commissions but higher spreads, while the ECN-Pro and Prime accounts have lower spreads but charge commissions. The R Trader account is a web-based platform that allows trading stocks and ETFs with no commissions but a monthly fee of $10. The Pro-Affiliate account is designed for partners and affiliates of RoboMarkets and has higher spreads and commissions. The minimum deposit varies from $10 to $5,000 depending on the account type. The maximum leverage is 30:1 for retail clients and 300:1 for professional clients.
Pepperstone vs RoboMarkets Deposit Options Comparison
- Pepperstone supports various deposit and withdrawal methods, such as bank wire, credit/debit cards, PayPal, Skrill, Neteller, POLi, BPay, FasaPay and broker-to-broker transfer. Pepperstone does not charge any fees for deposits or withdrawals, but some third-party fees may apply. The processing time varies from instant to 5 business days depending on the method.
- RoboMarkets supports various deposit and withdrawal methods, such as bank wire, credit/debit cards, Skrill, Neteller, WebMoney, Perfect Money, AdvCash, FasaPay and Bitcoin. RoboMarkets does not charge any fees for deposits, but some withdrawal fees may apply depending on the method and the amount. The processing time varies from instant to 2 business days depending on the method.
Pepperstone vs RoboMarkets Trading Platforms Comparison
- Pepperstone offers four major trading platforms: TradingView, MetaTrader 4, MetaTrader 5 and cTrader. TradingView is a web-based platform that provides advanced charting tools and social trading features. MetaTrader 4 and MetaTrader 5 are desktop and mobile platforms that offer a range of trading tools, indicators and expert advisors. cTrader is a desktop and web-based platform that offers a user-friendly interface and fast execution.
- RoboMarkets offers five major trading platforms: MetaTrader 4, MetaTrader 5, cTrader, R Trader and R Mobile. MetaTrader 4 and MetaTrader 5 are desktop and mobile platforms that offer a range of trading tools, indicators and expert advisors. cTrader is a desktop and web-based platform that offers a user-friendly interface and fast execution. R Trader is a web-based platform that allows trading stocks and ETFs with no commissions but a monthly fee of $10. R Mobile is a mobile app that allows trading stocks and ETFs with no commissions.
Pepperstone vs RoboMarkets Analytical Tools Comparison
- Pepperstone provides various analytical tools to help traders improve their performance, such as Autochartist, Smart Trader Tools, Economic Calendar, Market Analysis and Trading Guides. Autochartist is a tool that scans the markets for potential trading opportunities based on technical analysis. Smart Trader Tools is a suite of 28 indicators and expert advisors that enhance the functionality of MetaTrader 4 and MetaTrader 5. Economic Calendar is a tool that displays the upcoming economic events and their impact on the markets. Market Analysis is a section that provides daily updates on the market trends and news by Pepperstone’s experts. Trading Guides is a section that offers educational resources on various topics related to trading.
- RoboMarkets provides various analytical tools to help traders improve their performance, such as R Trader Strategy Builder, Trading Central, Economic Calendar, Market Analysis and Education Center. R Trader Strategy Builder is a tool that allows creating and testing automated trading strategies without coding. Trading Central is a tool that provides technical analysis, market insights and trading signals from a third-party provider. Economic Calendar is a tool that displays the upcoming economic events and their impact on the markets. Market Analysis is a section that provides daily updates on the market trends and news by RoboMarkets’ experts. Education Center is a section that offers educational resources on various topics related to trading.
Pepperstone vs RoboMarkets. Which forex broker is better? Which forex broker should you choose?
Based on the information I provided, you can compare some of the key factors that may influence your choice, such as:
- Trust and regulation: Pepperstone has a higher trust score and more licenses than RoboMarkets, which may give you more confidence and protection as a trader.
- Trading assets: RoboMarkets offers more trading instruments than Pepperstone overall, but Pepperstone has more forex pairs, indices and commodities to trade. If you are interested in trading cryptocurrencies, RoboMarkets has a wider range than Pepperstone.
- Trading fees: Pepperstone has lower spreads and commissions than RoboMarkets for most instruments on the Razor account compared to the Pro account. However, the fees may vary depending on the platform used, the market conditions and the trading volume.
- Account types: Pepperstone offers two main account types: Standard and Razor. The Standard account has no commissions but higher spreads, while the Razor account has lower spreads but charges commissions. RoboMarkets offers six main account types: Pro-Cent, Pro-Standard, ECN-Pro, Prime, R Trader and Pro-Affiliate. The Pro-Cent and Pro-Standard accounts have no commissions but higher spreads, while the ECN-Pro and Prime accounts have lower spreads but charge commissions. The R Trader account is a web-based platform that allows trading stocks and ETFs with no commissions but a monthly fee of $10. The Pro-Affiliate account is designed for partners and affiliates of RoboMarkets and has higher spreads and commissions.
- Trading platforms: Pepperstone offers four major trading platforms: TradingView, MetaTrader 4, MetaTrader 5 and cTrader. RoboMarkets offers five major trading platforms: MetaTrader 4, MetaTrader 5, cTrader, R Trader and R Mobile.
- Analytical tools: Pepperstone provides various analytical tools to help traders improve their performance, such as Autochartist, Smart Trader Tools, Economic Calendar, Market Analysis and Trading Guides. RoboMarkets provides various analytical tools to help traders improve their performance, such as R Trader Strategy Builder, Trading Central, Economic Calendar, Market Analysis and Education Center.
Ultimately, the best forex broker for you is the one that suits your trading style, needs and preferences. You may want to try out their demo accounts or read some user reviews before making a final decision. I hope this helps you make an informed choice .
