Pepperstone
FxPro
Pepperstone vs FxPro
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
Pepperstone and FxPro are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Pepperstone, founded in 2010 and headquartered in Melbourne, Australia, is regulated by ASIC, FCA, CySEC, DFSA, SCB and offers spreads starting from 0.0 pips with a minimum deposit of $0. FxPro, established in 2006 in London, UK, holds licenses from CySEC, FCA, FSCA with spreads from 0.0 pips and a $100 minimum deposit. In our hands-on testing across 8 scoring categories, Pepperstone scored 8.5/10 overall compared to FxPro's 8.4/10, making it the stronger pick for most traders. That said, FxPro holds its own with superior education resources and more research tools, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
Pepperstone scores 8.5/10 overall vs 8.4/10 for FxPro — a 0.1-point difference.
- 💵
Pepperstone requires just $0 to start, while FxPro needs $100 — Pepperstone is 100x more accessible.
- 📈
FxPro offers 2,100+ instruments vs 1,200+ at Pepperstone — a notable difference in market coverage.
- 🖥️
Pepperstone runs on MT4, MT5, cTrader, TradingView, while FxPro uses MT4, MT5, cTrader, FxPro Edge — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Deposit & Withdrawal: Pepperstone scores 9.0 vs 8.0 for FxPro — a 1.0-point difference.
Our Verdict
Pepperstone
Score: 8.5/10 · Wins 2 categories- You want lower spreads and trading fees
- Fast and flexible deposits & withdrawals are important
- You prefer a low minimum deposit ($0)
FxPro
Score: 8.4/10 · Wins 3 categories- You're a beginner who values learning resources
- You want access to a wider range of instruments
- You rely on in-depth research and analysis tools
Pepperstone takes the lead with an overall score of 8.5/10 compared to 8.4/10, winning in 2 out of 8 scoring categories. Pepperstone stands out for lower trading costs and smoother deposits & withdrawals, while FxPro fights back with superior education resources and more research tools.
Detailed Verdict
After testing both brokers with real accounts, Pepperstone comes out ahead with a 8.5/10 overall rating, winning 2 out of 8 categories. Its strongest area is Platforms & Tools where it scores 9.0/10. Pepperstone holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. FxPro is not without merit — it scores 8.4/10 overall and excels in Platforms & Tools (9.0/10), winning 3 categories. Traders who value superior education resources or more research tools may find FxPro the better fit. For a complete breakdown, read our full Pepperstone review and FxPro review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
Pepperstone wins by 0.5 points
FxPro wins by 0.5 points
FxPro wins by 0.5 points
Pepperstone wins by 1.0 points
FxPro wins by 0.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 8.5/10 ✓ | 8.4/10 |
| Min Deposit Lower is better | $0 ✓ | $100 |
| Max Leverage | 1:500 | 1:500 |
| Spreads From | 0.0 pips | 0.0 pips |
| Platforms | MT4, MT5, cTrader, TradingView | MT4, MT5, cTrader, FxPro Edge |
| Regulation | ASIC, FCA, CySEC, DFSA, SCB | CySEC, FCA, FSCA |
| Founded Older track record highlighted | 2010 | 2006 ✓ |
| Markets | 1,200+ | 2,100+ ✓ |
Fees & Costs
When it comes to trading costs, Pepperstone has the edge with a score of 8.5/10 versus 8/10 for FxPro. Pepperstone offers spreads starting from 0.0 pips, while FxPro starts from 0.0 pips. The minimum deposit at Pepperstone is $0, compared to $100 at FxPro. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
Pepperstone scores 9/10 for platforms compared to 9/10 for FxPro. Pepperstone provides MT4, MT5, cTrader, TradingView, while FxPro offers MT4, MT5, cTrader, FxPro Edge. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. Pepperstone is regulated by ASIC, FCA, CySEC, DFSA, SCB (Tier 1), while FxPro holds licenses from CySEC, FCA, FSCA (Tier 1). Pepperstone scores 9/10 and FxPro scores 9/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, FxPro leads with 7.5/10 compared to 7/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. Pepperstone and FxPro both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
Pepperstone offers 24/5 Live Chat, Email, Phone and scores 8/10, while FxPro provides 24/5 Live Chat, Email, Phone with a score of 8/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
Pepperstone scores 9/10 for deposits and withdrawals, while FxPro scores 8/10. Pepperstone accepts Bank Transfer, Credit Card, PayPal, Skrill, Neteller, and FxPro supports Bank Transfer, Credit Card, PayPal, Skrill, Neteller. Processing times, fees, and available currencies vary. Pepperstone requires a minimum deposit of $0 versus $100 for FxPro. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose Pepperstone if you...
- You want lower spreads and trading fees
- Fast and flexible deposits & withdrawals are important
- You prefer a low minimum deposit ($0)
Choose FxPro if you...
- You're a beginner who values learning resources
- You want access to a wider range of instruments
- You rely on in-depth research and analysis tools
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is Pepperstone better than FxPro?
Pepperstone scores higher overall (8.5/10 vs 8.4/10), winning 2 of 8 categories. However, FxPro is stronger in superior education resources and more research tools. The best choice depends on what matters most to your trading style.
Which has lower fees, Pepperstone or FxPro?
Pepperstone scores higher for trading costs. Pepperstone offers spreads from 0.0 pips with a $0 minimum deposit, while FxPro starts from 0.0 pips with $100 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is Pepperstone safe to trade with?
Pepperstone is regulated by ASIC, FCA, CySEC, DFSA, SCB and scores 9/10 for regulation. FxPro is regulated by CySEC, FCA, FSCA with a score of 9/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, Pepperstone or FxPro?
Pepperstone scores 9/10 for platforms. Pepperstone offers MT4, MT5, cTrader, TradingView, while FxPro provides MT4, MT5, cTrader, FxPro Edge. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for Pepperstone vs FxPro?
Pepperstone requires a minimum deposit of $0, while FxPro requires $100. Pepperstone has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.