Pepperstone vs Fineco - Fees Review included
Which broker is better Pepperstone or Fineco? Our expert assessment conducted according to TU’s own methodology showed that Pepperstone is one of the top brokers in the financial market with the TU Overall Score of 7.22 out of 10. Fineco is one of the top brokers in the financial market with the TU Overall Score of 5.47 out of 10. Find out more about TU Overall Score.
| Feature | Pepperstone | Fineco |
|---|---|---|
Overall |
4.4 |
3.7 |
4.7 |
3.9 |
|
4.7 |
4.5 |
|
4.4 |
4.3 |
|
Investment Instruments |
4.4 |
3.2 |
Platforms and Charting Tools |
4.8 |
3.8 |
Deposit and Withdrawal |
4.5 |
3.9 |
Research |
3.9 |
1 |
Education |
4.1 |
4.0 |
Support |
4.3 |
4.0 |
Bonuses |
3.2 |
3.8 |
|
|
Pepperstone vs Fineco: Pros and Cons
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.
FinecoBank is an Italian FinTech company that started its activities in 1999 and merged with UniCredit Xelion Banca in 2008. In 2018, after leaving UniCredit Group, FinecoBank became an independent bank, which also provides online trading services in the stock market. FinecoBank is regulated by the securities market supervisor Consob (Commissione Nazionale per le Società e la Borsa) and is a member of the Single Resolution Fund.
| Pepperstone | Fineco | |
|---|---|---|
| Overall Pros | Fast order execution - 30 ms on average | No requirements for the size of the minimum deposit |
| Low trading fees | Availability of a PowerDesk professional trading platform that is available on any device | |
| Strong luqidity | A vast array of assets in the stock and foreign exchange markets | |
| Advanced ECN account | Fixed stock brokerage fee | |
| Access to TradingView's advanced charting tools | Stock screener for all markets | |
| Strong regulation | Access to trade on weekends | |
| Availability of full-time and online training courses in trading | ||
| Overall Cons | The company offer Crypto CFDs outside Africa and UK | A fee is charged for using the trading terminal |
| No demo account or risk-free trial trading | ||
| A monthly account maintenance fee is charged |
Pepperstone vs Fineco: Safety and Regulation
| Regulated By: | Pepperstone | Fineco |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
Yes |
No |
Other Regulators |
Dubai Financial Services Authority (DFSA), BAFIN, SCB, CMA |
Consob |
Pepperstone vs Fineco: Trading Conditions
| Trading Conditions | Pepperstone | Fineco |
|---|---|---|
Minimum Deposit |
$0 |
1 |
Trading Platforms |
MT4, MobileTrading, WebTrader, cTrader, TradingView |
PowerDesk, Web PowerDesk, Fineco Mobile |
Max Leverage (Futures) |
1-500 |
1-50 |
Supported Markets |
Forex, CFDs on Stocks, Commodities, Metals and ETFs, Shares, Crypto |
Stocks, options, bonds, futures, certificates of deposit, CFDs on currencies, stocks, commodities, ETFs, ETCs, and CWs |
Trading assets |
1200+ |
20000+ |
Trading Accounts |
Razor, Standard |
PowerDesk |
Base Account Currencies |
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
Euro |
Pepperstone vs Fineco: Fees
Forex Trading Fees
| Fee | Pepperstone | Fineco |
|---|---|---|
Standard Account EURUSD Average Spread |
0.77 pips |
1 pip |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
MT4/MT5 Razro - $3.5 per lot. cTrader - $3 per lot |
Not supported |
ECN Account EUR Average Spread |
0.17 pips |
Not supported |
CFD Trading Fees
| Fee | Pepperstone | Fineco |
|---|---|---|
CFD Trading Fee |
US Shares and ETF CFDs - $0.02 per share, AU shares CFDs - 0.07$ (minimum AUD5), UK shares CFDs - 0.1% (minimum £10), German shares CFDs - 0.1% (minimum €10) Other markets - floating spread |
Floating spread |
Non-Trading Fees
| Fee | Pepperstone | Fineco |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
€0,80 commission fee when you withdraw up to €99. |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Pepperstone vs Fineco: Trading Assets
| Asset Name | Pepperstone | Fineco |
|---|---|---|
Overall |
1200+ |
20000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
No |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Pepperstone or Fineco: Investment Programs
| Asset Name | Pepperstone | Fineco |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
ISA |
Trading Platforms: Fineco or Pepperstone
| Pepperstone | Fineco | |
|---|---|---|
MT4 |
Yes |
No |
MT5 |
Yes |
No |
cTrader |
Yes |
No |
Appropriate platform |
No |
PowerDesk |
Others |
TradingView |
No |
|
|
Pepperstone vs Fineco: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Pepperstone | Fineco |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes (not available for all countries) |
No |
Crypto |
No |
No |
Pepperstone vs Fineco: Research
| Research Type | Pepperstone | Fineco |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
Pepperstone vs Fineco: Education
| Education Type | Pepperstone | Fineco |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Webinars |
Yes |
Yes |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
No |
No |
Fineco vs Pepperstone: Support
| Support Features | Pepperstone | Fineco |
|---|---|---|
Working Days |
24/5 |
13/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Pepperstone vs Fineco: Forex Bonuses and Promo
| Promo | Pepperstone | Fineco |
|---|---|---|
Forex Bonus |
No |
For the first 3 months after registration, FinecoBank provides new clients with a reduced fixed rate for a contract on futures and options trading. |
Affiliate Program |
For each attracted client under the terms of the program, the affiliate has the opportunity to receive up to USD 400 |
No |
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 Fineco
-
Comment
Registered an account with Fineco Bank as it offers online trading training courses. I'm still a complete zero in trading, so you can't do without basic knowledge. For those who have the opportunity to visit the office, the broker offers full-time training. A serious disadvantage for me was the lack of a demo account. The broker offers an author's terminal, so competitors will not be able to practice on third-party software. I had to immediately open the real. On the other hand, perhaps this is for the best: when, in the absence of experience, you begin to lose not candy wrappers, but real money, you become more organized and stop making spontaneous transactions. I've only been trading for 3 months, until everything fits.
-
Comment
First of all, FinecoBank attracted me with a wide range of trading instruments such as stocks, ETFs, funds, bonds, futures, options, and Forex. Most all popular assets are here. I am not involved in crypto trading, so I did not notice the absence of crypto coins from the list of available assets. FinecoBank's trading fees are significantly lower than those of its competitors. I would pay my former broker $10 for a $2,000 US stock deal, and FinecoBank only holds back $4. What I would like to point out as a disadvantage of the broker is the high margin rates. Paying 8.1% per year is, in my opinion, a bit too much. Therefore, I trade at FinecoBank only using my own capital.
-
Comment
For 7 years of investing in securities, I managed to cooperate with several dozen stockbrokers, but each of them had some significant drawbacks that made me look for another company. I opened an account with FinecoBank 3 years ago and, as always, was skeptical. However, it was this broker who offered me exactly what I was looking for: low fund commissions, a convenient mobile terminal, and a clear fulfillment of their obligations. Now I mainly trade through FinecoBank. Here, the choice of assets is huge, and the conditions are favorable. It is a pity that it is not yet possible to work with cryptocurrencies here. But I think the company does not want to lag behind its competitors, so it will add cryptocurrencies to the list of available financial instruments soon.
-
Comment
I have been cooperating with FinecoBank for years. I use its banking services, and not so long ago I started investing in securities here. For this purpose, I use a mobile application, as it makes it easy to manage bank and investment accounts, as well as place market and limit orders. There are no complaints at all about the level of service quality: either by phone or in an online chat; and company representatives always answer not only quickly, but also competently. I can recommend trading stocks, ETFs, and futures at FinecoBank, but only with your own funds. The margin rates are high here.
-
Comment
FinecoBank offers different types of trading platforms, but for beginners, I would not recommend using the PowerDesk desktop terminal. It is too complicated, and there are no reports on fees at all. The interfaces of the mobile application and web platform are much simpler and intuitive, although less customizable. The search function works well on both terminals. Price alerts can be set. I invest in mutual funds with FinecoBank and its trading fees are fine with me.
Top 5 Reviews on Pepperstone
-
Comment
As a beginner trader on Pepperstone, one of the biggest tools you should spend time practicing with is the demo account. This is where you can get the perfect practical experience you need to manage the risk the Forex market is known to exist with. You cannot survive in the trading sector if you do not know how to analyze charts using candles and several indicators available on Pepperestone. You can find good trading signals from tools like AutoChartist and the Professional Forex Signal Service, which allow you to copy trading strategies from a large selection of signal providers in a few minutes. But, I would suggest that beginner traders learn how to analyze the market using tools available (charts and indicators) on the Pepperstone demo account, as it will help them learn and become better traders from the trading signals they copy from professionals if they can interpret the strategies.
-
Comment
When I first traded on Pepperstone, one of the trading features i did not quickly understand but rated it as important when i get to understand what it is used for is pips. Infact beginner traders should learn about pips and use them very well when practicing on the demo account provided by Pepperstone. In Forex Trading, Pips happen to be the smallest unit price move an exchange rate makes, and the value depends on the currency pair, trade value and exchange rate. Understanding and utilizing PIPs is crucial for traders as it allows them to accurately assess profit and loss, determine entry and exit points, set stop-loss and take-profit levels, and calculate risk-reward ratios. Additionally, PIPs provide a standardized method for comparing currency pair performance and evaluating market volatility. I would use the Pepperstone pip calculator to calculate the pip value of pairs before i trade. For example, when trading EUR/USD the fixed pip is at 0.01. The value of one pip size is calculate by multiplying the trade value by 0.01.
-
Comment
When trading on Pepperstone, one of the useful tools that make trading much easier is the Autochartist. Analyzing trades to good trade opportunities in real time is when most of the daunting tasks in trading lie. Since the broker incorporates the Autochartist tool, I use the tool to identify chart patterns using technical indicators such as Fibonacci retracements. It is built to recognize trading opportunities based on support and resistance levels, and it keeps an eye on the markets around-the-clock to notify you when there are opportunities to trade. Pepperstone Autochartist is simple to use. First, download the Autochartist mobile app. Next, choose Trading Tools from the secure client area. Next, choose Login to the Mobile App. Finally, use your smartphone to scan the QR code to begin using Pepperstone Autochartist. I use the autochartist in MT4 and MT5 to directly plot trend lines and obtain price forecasts. Simply analyzing the price graph will allow traders to select trades.
-
Comment
Pepperstone Broker is licensed by ASIC regulator, with over ten years of experience, offering conditions suitable for traders of various levels. I started with two hundred dollars, offering spreads from zero, many instruments, and fast execution. Now, about what the company lacks. There are no micro accounts here, and high leverage is only available to professional traders. But I am satisfied with the reliability, quality of services, and the working terminal at Pepperstone Broker.
-
Comment
Pepperstone offers decent trading conditions. I trade all liquid instruments on the Standard account. Everything suits me here. In general, the performance is also not disappointing. I recommend it.
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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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!