Admiral Markets vs Pepperstone - Fees Review included
Which broker is better Admiral Markets or Pepperstone? Our expert assessment conducted according to TU’s own methodology showed that Admiral Markets is one of the top brokers in the financial market with the TU Overall Score of 6.99 out of 10. Pepperstone is one of the top brokers in the financial market with the TU Overall Score of 7.17 out of 10. Find out more about TU Overall Score.
| Feature | Admiral Markets | Pepperstone |
|---|---|---|
Overall |
4.7 |
4.4 |
5 |
4.7 |
|
4.8 |
4.7 |
|
4.7 |
4.4 |
|
Investment Instruments |
4.5 |
4.4 |
Platforms and Charting Tools |
4.6 |
4.8 |
Deposit and Withdrawal |
4.4 |
4.5 |
Research |
4.6 |
3.9 |
Education |
4.4 |
4.1 |
Support |
4.4 |
4.3 |
Bonuses |
3 |
3.2 |
|
|
|
Admiral Markets vs Pepperstone: Pros and Cons
The Admiral Markets broker company commenced operations in 2001. The broker’s activities are registered and licensed by the Australian Securities and Investments Commission (ASIC). Admiral Markets now operates in more than 40 countries with a cash cycle of up to USD 40 billion. The broker holds a lifetime license issued by the Federal Financial Markets Service. It is also regulated by the Financial Conduct Authority (FCA). Access to the FX+Project as one of their specific features. In 2002 Admiral Markets was awarded the “Forex 2012” (“Best of the Best”) by The New Europe Magazine.
Pepperstone (Pepperstone.com) was founded in 2010 in Melbourne, Australia, by professional traders who were not satisfied with the quality of services provided by most brokers. The founders decided to avoid many of the disadvantages of competitors, including high commissions, delayed execution of orders, etc. They also focused on improving the technical component. The company has set itself the goal of changing the “rules of the game” and setting the bar high for online trading. Today, the broker provides clients all over the world with some of the best technological solutions and favorable trading conditions. The company also provides professional tools that help not only master trading as a type of activity, but also significantly increase the efficiency of trades. Pepperstone is regulated by ASIC (Australian Securities and Investments Commission), FCA (UK Financial Conduct Authority), BaFin, DFSA, CMA, SCB, CySec. Clients' assets are held in aggregated accounts with major banks. These facts confirm the reliability of the company and guarantee the safety of the client's capital.
| Admiral Markets | Pepperstone | |
|---|---|---|
| Overall Pros | Well-Regulated broker | Fast order execution - 30 ms on average |
| 3400+ trading instruments | Low trading fees | |
| Low trading and non trading fees | Strong luqidity | |
| Invest account for stock and ETF trading | Advanced ECN account | |
| 6 free stock trades per day | Access to TradingView's advanced charting tools | |
| Fee discounts for big volume trading | Strong regulation | |
| Any strategy is allowed | ||
| Free VPS | ||
| Direct stock trading, Over 4500 stocks and ETFs | ||
| Overall Cons | No forex bonuses | The company offer Crypto CFDs outside Africa and UK |
Admiral Markets vs Pepperstone: Safety and Regulation
| Admiral Markets | Pepperstone | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 €20,000 |
£85,000 €20,000 €100,000 (DE) |
FCA UK Regulation |
Yes |
Yes |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
Yes |
ASIC (Australia) |
Yes |
Yes |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
Yes |
No |
Admiral Markets vs Pepperstone: Trading Conditions
| Trading Conditions | Admiral Markets | Pepperstone |
|---|---|---|
Minimum Deposit |
$1 |
$0 |
Trading Platforms |
МТ4, MT5 |
MT4, MobileTrading, WebTrader, cTrader, TradingView |
Max Leverage (Futures) |
1-500 |
1-500 |
Supported Markets |
Forex, Stocks, ETFs, CFDs on indices, commodities, crypto, metals, stocks, bonds |
Forex, CFDs on Stocks, Commodities, Metals and ETFs, Shares, Crypto |
Trading assets |
3500+ |
1200+ |
Trading Accounts |
Trade.MT4, Trade.MT5, Invest.MT5, Zero.MT4, Zero.MT5 |
Razor, Standard |
Base Account Currencies |
EUR, USD, GBP, CHF, BGN, RUB, RON, PLN, HUF, HRK, CZK |
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
Admiral Markets vs Pepperstone: Fees
| Admiral Markets | Pepperstone | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,1 |
0,5 |
Standard acc. spread EUR/USD, max pips |
1,2 |
1,5 |
ECN Commission |
3 |
3 |
ECN Spread EUR/USD |
0,1 |
0,1 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
1 |
No |
Withdrawal fee, USD |
1 |
No |
Inactivity fee, $ |
10 |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Admiral Markets vs Pepperstone: Trading Assets
| Asset Name | Admiral Markets | Pepperstone |
|---|---|---|
Overall |
3500+ |
1200+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
No |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes |
Yes (CFD) |
Bonds |
Yes (CFD) |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Admiral Markets or Pepperstone: Investment Programs
| Asset Name | Admiral Markets | Pepperstone |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Pepperstone or Admiral Markets
| Admiral Markets | Pepperstone | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
Yes |
Appropriate platform |
Admirals, StereoTrader |
No |
Others |
No |
TradingView |
|
|
|
Admiral Markets vs Pepperstone: Deposit and Withdrawal Methods
| Admiral Markets | Pepperstone | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
Admiral Markets vs Pepperstone: Research
| Research Type | Admiral Markets | Pepperstone |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
Admiral Markets vs Pepperstone: Education
| Education Type | Admiral Markets | Pepperstone |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
Pepperstone vs Admiral Markets: Support
| Support Features | Admiral Markets | Pepperstone |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Admiral Markets vs Pepperstone: Forex Bonuses and Promo
| Promo | Admiral Markets | Pepperstone |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
up to $600 per client |
For each attracted client under the terms of the program, the affiliate has the opportunity to receive up to USD 400 |
Other Promos |
Active trader program - Members of the program are paid a daily rebate, which allows them to offset part of their costs. The amount of the rebate depends on the number of trades performed by the trader per month. The rebate for one currency lot is 15%. What’s more, active traders get priority support and free VPS hosting. |
|
|
|
|
Top 5 Reviews on Pepperstone
-
Comment
I found the broker Pepperstone while looking for a company with no deposit or withdrawal fees — I’ve never had to pay extra, as the broker covers all the charges. I was impressed by the selection — over 1,200 instruments, including rare currency pairs, commodity indices, and cryptocurrencies. I often trade on news releases, and the execution speed (as fast as 30 ms) is just amazing! In three months, I earned nearly $1,000, especially from trading oil and gold.
-
Comment
Pepperstone caught my attention with its range of platforms: MetaTrader 4/5, cTrader, and even TradingView! The minimum order size is 0.01 lots, which makes it convenient to test strategies with minimal risk. I deposited and withdrew funds via PayPal and bank card — both options were fast, with funds arriving within 1–2 hours. In one month, I made $600 trading CFDs on stocks and commodities. Bonuses and promos are rare, but the trading conditions more than make up for it.
-
Comment
I started working with Pepperstone on the recommendation of a friend who has been in the market for several years. I was pleasantly surprised that spreads start from 0.0 pips and there are over 1,200 trading instruments to choose from! I opened my account in EUR, although other currencies are available, including SGD and HKD. I trade through MetaTrader 5, and for experimentation, I connected cTrader — it’s convenient to switch between platforms. I managed to earn +$400 on cryptocurrencies during the first week, especially on ETH’s rise. Throughout my time trading, I haven’t encountered any requotes.
-
Comment
I chose Pepperstone because of its zero minimum deposit — a rarity among major brokers. I appreciated that the platform is regulated by several reputable authorities: ASIC, FCA, BaFIN, and others. Over three months of trading with 1:400 leverage, I managed to grow my deposit by $750 using scalping on currency pairs and indices. Order execution is nearly instant — averaging 30 ms, and the difference is noticeable compared to other brokers. I withdraw profits to my card without delays and with no fees.
-
Comment
Pepperstone offers a combination of transparent trading conditions, fast order execution, and a wide range of instruments. Over the years, the broker has proven to be a reliable partner: its registration with ASIC, FCA, CySEC, and other regulators reflects the trust placed in the company. A $0 minimum deposit makes it accessible for beginners. A nice bonus is support for over 30 languages and 24/5 customer service. Thanks to its variety of account types, negative balance protection, and passive income opportunities through copy trading, Pepperstone has become my go-to choice for long-term trading.
Top 5 Reviews on Admiral Markets
-
Comment
Admirals offers a decent risk management system. For most assets, spreads range from 0.1 to 0.4, and execution is Market Execution. Trading is available via WebTrader and mobile app. Support responds within 24 hours. The only downside is a withdrawal fee, but it is fixed with no hidden charges.
-
Comment
You can open an Invest account with as little as $1, but it's not suitable for active trading. For CFD trading, the broker offers access through the MetaTrader platform — with over 5,000 instruments, including bonds and stock indices. The stop-out level is 50% for retail clients. Even during high market volatility, the platform remained stable, and orders were executed without delays.
-
Comment
I was interested in the social trading feature—Admiral Markets offers its own Copy Trading system where you can replicate trades from other traders. The subscription fee is charged only when you make a profit. The MQL5 Community program is also available via MT4/MT5. I tested both— the interface is user-friendly, and the performance stats are displayed accurately.
-
Comment
Leverage conditions vary depending on the regulator — under the FCA, the maximum is 1:30, while with ASIC or CySEC, it can go up to 1:500 if you qualify as a professional trader. This is something to keep in mind when choosing a jurisdiction. Spreads start from 0.2 pips on major pairs, and order execution is stable. On the plus side, the broker is licensed by the FCA, CySEC, ASIC, and JCS. Verification was quick — my documents were reviewed within two days.
-
Comment
I was looking for a reliable broker with excellent service and support and found it in Admirals. There were some difficulties when passing verification due to problems with my passport, but the support was attentive and helped solve all the problems. Now I trade with Admirals and receive a stable income, feeling calm and confident.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.