FXCM
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74-89% of retail CFD accounts lose money.

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Pepperstone
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74-89% of retail CFD accounts lose money

FXCM Vs. Pepperstone - Compare and Choose the Right One

Updated Nov 30 2021

Visit

74-89% of retail CFD accounts lose money.

Visit

74-89% of retail CFD accounts lose money

Overview

FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering.

Pepperstone is an Australian broker founded in 2010 with the aim of providing a professional trading experience with low fees and tight spreads. Currently Pepperstone counts with 7 financial licenses and operates in almost every country around the world.

Best For
  • Professional algorithmic traders looking to benefit from their comprehensive API offering 
  • Professional traders that day-trade or scalp
  • Algorithmic traders using their own custom built robots
  • Experienced traders
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The Good
  • Comprehensive API offering with a variety of conditions and programming languages at no additional cost
  • Proprietary platform (Trading Station)
  • Well regulated on several jurisdictions
  • Low latency, fast execution under 30ms
  • Competitive spreads and low commissions from 0.0 pips on their Razor account
The Bad
  • Lack of asset variety in their offering (over 300+ financial instruments)
  • Costly spreads when compared to similar competitors
  • Avaliable asset offering is not that comprehensive
  • No ability to purchase real stocks or cryptocurrencies, only CFDs
Status
Operational Operational
Recent News
N/A
Key Data
⌛ Account Opening Time
1 Day Up to 1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

🏛 Financial Regulators
Cyprus Securities and Exchange Commission
Financial Conduct Authority
Australian Securities and Investments Commission
Financial Sector Conduct Authority
BaFin (German Federal Financial Supervisory Authority)
Financial Conduct Authority
Australian Securities and Investments Commission
ADGM Financial Services Regulatory Authority
Cyprus Securities and Exchange Commission
Securities Commission of the Bahamas
Capital Markets Authority of Kenya
📍 Year Founded
1999 (FXCM Group) 2010
💳 Minimum Deposit
€, £, $ - 50 (Varies by payment method) $200
💰 Payment Methods
Visa
Mastercard
Bank Transfer
Neteller
Skrill

Skrill and Neteller are not available to FXCM EU clients at the moment

Visa
Mastercard
Bank Transfer
Neteller
Paypal
Skrill
💵 Account Base Currencies
4 - EUR GBP, USD, CHF. 9 - USD, GBP, AUD, EUR, CHF, HKD, SGD, JPY and NZD
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
RU, US, CA, JP, SK and more. CA, NZ, JP, BE, KR, KZ, AR, PR.
📊 STP Account
No Yes
📊 DMA Account
No No
📊 ECN Account
No No
Assets
📚 Available Assets
Stocks
Cryptos
Commodities
Currencies
Indices
CFDs
Stocks
Cryptos
Commodities
Currencies
ETFs
Indices
CFDs
📙 Stocks
200+ 1300 +
📘 Currency Pairs
39 60
📗 Commodities
11 31
📕 Indices
15 28
📔 ETFs
N/A 100
💸 Cryptocurrencies

6 (Cryptocurrencies CFDs are not available to retail clients residing in the UK)

20
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:
All of FXCM's assets are CFDs. All Pepperstone assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
1 share Varies by Stock
📉 Minimum ETFs Trade Size
N/A Varies by ETF
📈 Minimum Crypto Trade Size
1 unit of any cryptocurrency Varies by Crypto (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1000 (0.01 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 1 Troy ounce of Gold) Varies by Commodity (Eg: 0.1 Troy ounces of Gold)
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 1:30
💪 Professional Leverage
Up to 1:500 (Varies) Up to 1:500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
No Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes Yes
👫 Social Trading
Yes Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

50 units of the account's base currency yearly after 1 year of inactivity.

No
💰 Deposit Fees
No No
💰 Withdrawal Fees

Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency).

No
💰 Commissions
No
  • For Standard account : All fees included in the spread
  • For Razor account: From $7 per Lot round turn
Spreads
📈 EUR/USD
From 1.2 Pips (As per our research) Dynamic - From 0 to 0.6 Pips
📉 SP500
From 58 Pips (As per our research) Dynamic - From 0 to 0.6 Pips
📈 GOLD
From 41 Pips (As per our research) Dynamic - 0.6 Pips on Average
📉 TSLA (Stock CFD)
Dynamic - From $1.04 (As per our research) Dynamic - Market Spread
📈 XLK (ETF - CFD)
N/A Dynamic - Market Spread
📉 BTC
Variable - From $51 (As per our research) From 30 Pips
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No No

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