Pepperstone
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74-89% of retail CFD accounts lose money

Vs.

SquaredFinancial
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63.2% of retail CFD accounts lose money.

Pepperstone Vs. SquaredFinancial - Compare and Choose the Right One

Updated Jan 23 2022

Visit

74-89% of retail CFD accounts lose money

Visit

63.2% 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
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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
  • There is no weekend trading enabled for cryptocurrencies
  • High minimum deposit for SquaredElite account (5,000 €)
Status
Operational Operational
Recent News
N/A
Key Data
⌛ Account Opening Time
Up to 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.

🏛 Financial Regulators
  • BaFin (Germany)
  • FCA (UK)
  • ASIC (Australia)
  • ADGM (United Arab Emirates)
  • CySec (Cyprus)
  • SCB (Bahamas)
  • CMA (Kenya)
  • CySec (Cyprus)
  • FSA (Seychelles)
📍 Year Founded
2010 2005
💳 Minimum Deposit
$200

250 € (SquaredPro Account), 5,000 € SquaredElite Account

💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Neteller
  • Skrill
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Instatransfer
💵 Account Base Currencies
9 - USD, GBP, AUD, EUR, CHF, HKD, SGD, JPY and NZD 4 - EUR, USD, GBP, CHF.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
CA, NZ, JP, BE, KR, KZ, AR, PR. US, CA, IR, SY.
📊 STP Account
Yes No
📊 DMA Account
No Yes
📊 ECN Account
No No
Assets
📚 Available Assets

CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies and indices.

  • Real stocks and ETFs
  • CFDs on stocks, ETFs, commodities, currencies, indices, futures, cryptocurrencies.
📙 Stocks
1,300 + 8,000 Real Stocks / 8,000 Stock CFDs
📘 Currency Pairs
60 40+
📗 Commodities
31 5
📕 Indices
28 15
📔 ETFs
100 1,000 ETFs CFDs
💸 Cryptocurrencies
20 13
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A 16
📝 Notes:
All Pepperstone assets are CFDs.

SquaredFinancial provides real stocks along with CFDs on the most common asset classes.

Trading Experience
📈 Minimum Stock Trade Size
Varies by Stock 1 Share
📉 Minimum ETFs Trade Size
Varies by 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
N/A N/A
📈 Minimum Futures Trade Size
N/A Varies per future (Eg: 1 Contract)
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:500
✍ 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
💻 Web trader
Yes Yes
💻 TradingView Platform
No 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
No No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 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 0.6 Pips Dynamic - From 0 to 1.2 Pips
📉 SP500
Dynamic - From 0 to 0.6 Pips Dynamic - From 150 Pips
📈 GOLD
Dynamic - From 0.6 Pips on Average Dynamic - From 110 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - Market Spread Dynamic - Market Spread
📉 BTC
From 30 Pips 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

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