Deriv vs Pepperstone - Fees Review included
Which broker is better Deriv or Pepperstone? Our expert assessment conducted according to TU’s own methodology showed that Deriv is one of the top brokers in the financial market with the TU Overall Score of 7.2 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 | Deriv | Pepperstone |
|---|---|---|
Overall |
1.5 |
4.4 |
1.5 |
4.7 |
|
1.7 |
4.7 |
|
1.6 |
4.4 |
|
Investment Instruments |
1.8 |
4.4 |
Platforms and Charting Tools |
1.4 |
4.8 |
Deposit and Withdrawal |
1.8 |
4.5 |
Research |
1.4 |
3.9 |
Education |
1.3 |
4.1 |
Support |
1.2 |
4.3 |
Bonuses |
1.3 |
3.2 |
|
|
|
Deriv vs Pepperstone: Pros and Cons
Deriv is a brokerage company that started its activities in 1999. Deriv's mission is to make trading accessible. For this reason, the company has low minimum deposit requirements, but high-quality working conditions. DTrader is one of the broker's several proprietary trading platforms. Two others are DBot and DMT5. Deriv offers its clients to trade Forex assets, stocks, indices (including synthetic ones), CFDs, commodities, and options. Deriv is an international broker licensed and regulated by the following bodies: UK Financial Conduct Authority (FCA), Vanuatu Financial Services Commission (VFSC), Malta and Labuan Financial Services Authority (MFSA and Labuan FSA). The rights of traders are guarded by the Financial Commission, of which Derive is also a member.
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.
| Deriv | Pepperstone | |
|---|---|---|
| Overall Pros | Low level of the minimum deposit. | Fast order execution - 30 ms on average |
| A wide range of payment agents for replenishment of the deposit and withdrawal of earned funds. | Low trading fees | |
| Availability of trading instruments of different groups: currency pairs, stocks, indices, metals, etc. | Strong luqidity | |
| Broker regulation by several authorities from different countries. | Advanced ECN account | |
| Round-the-clock client support. | Access to TradingView's advanced charting tools | |
| Choice of three convenient trading platforms. | Strong regulation | |
| No commission for maintaining a trading account and using its platforms. | ||
| Overall Cons | The tutorials provided on the site may not be enough for novice traders. | The company offer Crypto CFDs outside Africa and UK |
| Deriv has only a few ways to contact support. | ||
| The broker does not serve clients from several countries, such as the USA, Canada, Malaysia, Israel, and others. |
Deriv vs Pepperstone: Safety and Regulation
| Deriv | Pepperstone | |
|---|---|---|
Max. Regulation Level |
Tier-2 |
Tier-1 |
Investor protection |
€20,000 |
£85,000 €20,000 €100,000 (DE) |
FCA UK Regulation |
No |
Yes |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
Yes |
ASIC (Australia) |
No |
Yes |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
Yes |
No |
VFSC |
Yes |
No |
FSA (Seychelles) |
No |
No |
Deriv vs Pepperstone: Trading Conditions
| Trading Conditions | Deriv | Pepperstone |
|---|---|---|
Minimum Deposit |
$10 |
$0 |
Trading Platforms |
Deriv MT5, Deriv X, DTrader, SmartTrader, DBot |
MT4, MobileTrading, WebTrader, cTrader, TradingView |
Max Leverage (Futures) |
1-1000 |
1-500 |
Supported Markets |
Currency pairs, cryptocurrencies, CFDs, indices, stocks, synthetic indices, commodities |
Forex, CFDs on Stocks, Commodities, Metals and ETFs, Shares, Crypto |
Trading assets |
218+ |
1200+ |
Trading Accounts |
Real account, demo account |
Razor, Standard |
Base Account Currencies |
Deriv MT5, Deriv X, DTrader, SmartTrader, DBot |
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
Deriv vs Pepperstone: Fees
| Deriv | Pepperstone | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,5 |
0,5 |
Standard acc. spread EUR/USD, max pips |
0,8 |
1,5 |
ECN Commission |
3 |
|
ECN Spread EUR/USD |
0,1 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
25 |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Deriv vs Pepperstone: Trading Assets
| Asset Name | Deriv | Pepperstone |
|---|---|---|
Overall |
218+ |
1200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
No |
Energy |
Yes |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Deriv or Pepperstone: Investment Programs
| Asset Name | Deriv | Pepperstone |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Pepperstone or Deriv
| Deriv | Pepperstone | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
Yes |
Appropriate platform |
DTrader |
No |
Others |
SmartTrader |
TradingView |
|
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Deriv vs Pepperstone: Deposit and Withdrawal Methods
| Deriv | Pepperstone | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
Deriv vs Pepperstone: Research
| Research Type | Deriv | Pepperstone |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
Yes |
Deriv vs Pepperstone: Education
| Education Type | Deriv | Pepperstone |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
Pepperstone vs Deriv: Support
| Support Features | Deriv | Pepperstone |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Deriv vs Pepperstone: Forex Bonuses and Promo
| Promo | Deriv | Pepperstone |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
Deriv’s affiliate program is presented in three types: a trader can (i) receive additional earnings for the monthly income of his referees, (ii) for the probability of payments on options, as well as (iii) for inviting new users to the Deriv broker. |
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. |
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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 Deriv
-
Comment
I have been trading on Deriv for over six months, and during this time I have never had any issues with order execution. On Forex, the average spread is from 0.5 pips, and execution on synthetic indices is almost instant. Over the past five months, I managed to grow my deposit from $50 to $320, earning most of it on the V100 contract. Deriv pays out profits honestly — verified by my personal experience!
-
Comment
I appreciated Deriv’s affiliate program — the payouts are transparent, with up to 45% of the platform’s revenue. In two months, I managed to refer 14 people, earning a total of $92 through the program. I withdrew the money to my bank card without any hassle. I was pleasantly surprised by the speed of customer support — they respond quickly and thoroughly.
-
Comment
I chose Deriv because of its wide automation capabilities — I tested trading robots on the DBot platform. In just one week, I set up a simple bot for volatility trading, and it’s been consistently generating $3–$7 per day. Over a month, the bot brought in a total profit of $125, which I successfully withdrew via e-wallet. Deriv definitely impressed me with how easy automation is.
-
Comment
I found Deriv through reviews on Traders Union and haven’t regretted it — the company is truly international, operating under licenses from the MFSA, LFSA, and other regulators. I was especially impressed by the DTrader platform: simple interface, a wide selection of indicators, and easy chart customization. I opened trades on Forex and synthetic indices, and in the first month, I managed to earn $70, even though I started with the minimum deposit.
-
Comment
I opened an account with Deriv earlier this year, attracted by the low spreads and a minimum deposit of just $5. I started out trading on a demo account, but later deposited $50 into a real account. What I liked is that Deriv offers over 200 assets, including currencies, cryptocurrencies, indices, and synthetic instruments. After three months of active trading, I was able to withdraw my first profit of $180 via Skrill — the withdrawal was processed within a day and without any fees.
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.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.