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

Vs.

SquaredFinancial
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69.9% of retail CFD accounts lose money.

Pepperstone Vs. SquaredFinancial - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Sep 25 2023

Visit

74-89% of retail CFD accounts lose money.

Visit

69.9% of retail CFD accounts lose money.

Overview

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.

SquaredFinancial is a global brokerage firm founded in 2005 and headquartered in Cyprus that specialises in providing real stocks along with CFDs on all major asset classes paired with MT4 & MT5 platforms.

Best For
  • Professional traders that day-trade or scalp
  • Algorithmic traders using their own custom built robots
  • Experienced traders
  • Professional high volume traders looking to exploit their competitive commissions in shares
  • High volume FX traders looking to open a SquaredElite account with spreads from 0 Pips
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

4

Other Licenses

3

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • BaFin (Germany)
  • FCA (UK)
  • ASIC (Australia)
  • DFSA (United Arab Emirates)
  • CySec (Cyprus)
  • SCB (Bahamas)
  • CMA (Kenya)
  • CySec (Cyprus)
  • FSAS (Seychelles)
The Good
  • Well regulated on several jurisdictions
  • Low latency, fast execution under 30ms
  • Competitive spreads and low commissions from 0.0 pips on their Razor account
  • Extensive asset offering (more than 10,000+ products)
  • Real stocks are offered along with CFDs
  • Very competitive share trading commissions when compared to similar brokers
The Bad
  • Avaliable asset offering is not that comprehensive
  • No ability to purchase real stocks or cryptocurrencies, only CFDs
  • Platform offering is limited to only MT4 and MT5
  • High minimum deposit for SquaredElite account (5,000 €)
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 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.

📍 Year Founded
2010 2005
💳 Minimum Deposit Range
$200 250 € (SquaredPro Account), 5,000 € SquaredElite Account
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Neteller
  • Skrill
  • POLi
  • Bpay
  • Unionpay
  • Mpesa
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Instatransfer
💵 Account Base Currencies
9 - USD, GBP, AUD, EUR, CHF, HKD, SGD, JPY, NZD. 5 - EUR, USD, GBP, CHF, ZAR.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, KM, TD, CD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VE, VG, EH, YE, ZW, RU.

US, CA, IR, SY.

📊 STP Account
Yes Yes
📊 DMA Account
No Yes
📊 ECN Account
Yes Yes
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
1,536 17,101
Exchange Access
0 0
📙 Real Stocks
0 8,000
📙 Stock CFDs
1,300 8,000
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
60 40
📗 Commodities
0 0
📗 Commodities CFDs
31 5
📕 Indices
0 0
📕 Indices CFDs
25 15
📔 ETFs
0 0
📔 ETFs CFDs
100 1,000
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
20 25
📒 Bonds
0 0
📒 Bonds CFDs
0 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 16
Trading Experience
📈 Minimum Stock Trade Size
1 Share 1 Share
📉 Minimum ETFs Trade Size
1 ETF 1 ETF
📈 Minimum Crypto Trade Size
Varies by Crypto (Eg: 0.01 BTC) Varies per Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 0.1 Troy ounces of Gold) Varies per Commodity (Eg: 1 Gold Contract)
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable Varies per future (Eg: 1 Contract)
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
400 30
💪 Professional Leverage
500 500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes No
📱 Android App
Yes No
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
📺 cTrader
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
No No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
Yes No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes No
Fees
💰 Inactivity Fee
None None
💰 Deposit Fees
None None
💰 Withdrawal Fees
None None
💰 Commissions
  • For Standard account : All fees included in the spread
  • For Razor account: From $7 per Lot round turn

Yes, depending on account type or assets. For account types:

  • SquaredPro account has no default commissions
  • SquaredElite account has a commission of $5 per lot

For particular assets there are commissions on all accounts, specifically in shares as follows:

  • USA shares have a $0.06 per share commission (with a minimum of $2)
  • European shares have a 0.15% commission of the transaction value (with a minimum of 5 €)
Spreads
📈 EUR/USD
Dynamic - From 0 to 0.77 Pips Dynamic - From 0 to 1.2 Pips
📉 SP500
Dynamic - From 0.4 to 1.5 Pips Dynamic - From 150 Pips
📈 GOLD
Dynamic - Average 13.81 Pips Dynamic - From 110 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - Market Spread Dynamic - Market Spread
📉 BTC
Dynamic - From $30 Dynamic - From $250
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No
📡 Educational Content
Yes Yes
📡 Live Chat Support
Yes No
📡 Video Tutorials
Yes No
📡 Account Management
No Yes
📡 Webinars
Yes No