Pepperstone vs JustForex - Fees Review included
Which broker is better Pepperstone or JustForex? 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 7.17 out of 10. JustForex is one of the top brokers in the financial market with the TU Overall Score of 7.1 out of 10. Find out more about TU Overall Score.
| Feature | Pepperstone | JustForex |
|---|---|---|
Overall |
4.4 |
3.8 |
4.7 |
2.1 |
|
4.7 |
4.1 |
|
4.4 |
3.1 |
|
Investment Instruments |
4.4 |
4.5 |
Platforms and Charting Tools |
4.8 |
4.5 |
Deposit and Withdrawal |
4.5 |
4.8 |
Research |
3.9 |
3.8 |
Education |
4.1 |
4.1 |
Support |
4.3 |
4.1 |
Bonuses |
3.2 |
4.4 |
|
|
|
Pepperstone vs JustForex: 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.
JustForex Broker (pronounced "Just Forex") is a brand of IPCTrade, an online Forex trading company that provides access to a variety of classic financial instruments. The broker is regulated by the Belize International Financial Services Commission (IFSC).
| Pepperstone | JustForex | |
|---|---|---|
| Overall Pros | Fast order execution - 30 ms on average | No trading strategy restrictions |
| Low trading fees | ||
| Strong luqidity | ||
| Advanced ECN account | ||
| Access to TradingView's advanced charting tools | ||
| Strong regulation | ||
| Overall Cons | The company offer Crypto CFDs outside Africa and UK | smoll choice of trading assets |
| few opportunities for passive income | ||
| there are withdrawal fees |
Pepperstone vs JustForex: Safety and Regulation
| Pepperstone | JustForex | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
£85,000 €20,000 €100,000 (DE) |
€20,000 |
FCA UK Regulation |
Yes |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
Yes |
No |
ASIC (Australia) |
Yes |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
Yes |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
Yes |
Pepperstone vs JustForex: Trading Conditions
| Trading Conditions | Pepperstone | JustForex |
|---|---|---|
Minimum Deposit |
$0 |
$1 |
Trading Platforms |
MT4, MobileTrading, WebTrader, cTrader, TradingView |
MT4, МТ5, Mobile Platforms, WebTrader |
Max Leverage (Futures) |
1-500 |
401769 |
Supported Markets |
Forex, CFDs on Stocks, Commodities, Metals and ETFs, Shares, Crypto |
Currency Pairs, Precious Metals, Crypto, Indices, Shares, Futures, Energy commodities |
Trading assets |
1200+ |
154+ |
Trading Accounts |
Razor, Standard |
Standard Cent, Standard, Pro и Raw Spread, Demo |
Base Account Currencies |
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
USD, EUR, GBP, JPY, MYR, IDR, THB, VND, KWD, CNY, ZAR |
Pepperstone vs JustForex: Fees
| Pepperstone | JustForex | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,5 |
0,1 |
Standard acc. spread EUR/USD, max pips |
1,5 |
0,5 |
ECN Commission |
3 |
3 |
ECN Spread EUR/USD |
0,1 |
0,2 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
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 JustForex: Trading Assets
| Asset Name | Pepperstone | JustForex |
|---|---|---|
Overall |
1200+ |
150+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFDs) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes |
ETFs |
Yes (CFD) |
Yes |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
Yes |
Binary Options |
No |
No |
Pepperstone or JustForex: Investment Programs
| Asset Name | Pepperstone | JustForex |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: JustForex or Pepperstone
| Pepperstone | JustForex | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
Yes |
No |
Appropriate platform |
No |
No |
Others |
TradingView |
No |
|
|
|
Pepperstone vs JustForex: Deposit and Withdrawal Methods
| Pepperstone | JustForex | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
No |
No |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
Pepperstone vs JustForex: Research
| Research Type | Pepperstone | JustForex |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
Pepperstone vs JustForex: Education
| Education Type | Pepperstone | JustForex |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
Yes |
JustForex vs Pepperstone: Support
| Support Features | Pepperstone | JustForex |
|---|---|---|
Working Days |
24/5 |
24/7 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Telegram, Viber, Messedger, Line, Instagram |
Pepperstone vs JustForex: Forex Bonuses and Promo
| Promo | Pepperstone | JustForex |
|---|---|---|
Forex Bonus |
No |
No deposit bonus $30 |
Affiliate Program |
For each attracted client under the terms of the program, the affiliate has the opportunity to receive up to USD 400 |
Yes |
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 JustForex
-
Comment
JustMarkets offers more than 260 trading instruments, including pairs, indices, metals, and energy commodities. The minimum deposit varies by region — from $10 for most countries to $100 for the EU. The leverage level ranges from 1:30 to 1:3000, depending on the trader's status and country. For passive income, PAMM and MAM services are available, expanding the options for fund management.
-
Comment
Unfortunately, there are no cryptocurrencies, although they are one of the top assets today. And the number of stocks is quite limited. Although there are US and European stocks, they are rather selective. With this in mind, it might be easier to invest in indices.
-
Comment
This broker is well-suited for beginner traders. At least because there are cent accounts available for practicing on a real market with real spreads and trading psychology. And the entry is only 10 USD. Familiar platforms MT4 and MT5, for which you can download hundreds of free scripts, robots, indicators. For passive investors, there is social trading both from the broker itself and from MetaQuotes. I compared spreads and quotes using a script and Excel with other brokers (exported quotes from MT4) – the average level. The specified 0.8 pips on EUR/USD is during a highly liquid European session, but during the Asian session and before holidays, the spread can widen to 1.5 pips or more.
-
Comment
A comfortable broker with moderate spreads, with whom I have been working for more than 3 months. So far, I am satisfied. It caught my attention for two reasons: the low entry threshold. 100 USD – this is not an amount to be overly concerned about in case of a loss. Secondly, there are a variety of withdrawal options. Since I like to combine trading with traveling, the payment system matters to me. And the broker accommodated me – I can deposit money using one payment method and withdraw through another, but it must be pre-verified. Other brokers required that I withdraw through the same method used for deposits. Here, this issue was resolved.
-
Comment
The review is positive, but there is a nuance. Situation: trades were opened with leverage. The next day, I find the trades closed at a loss with an almost zeroed-out deposit. Support responds: "The market is highly volatile; we have the right to reduce the leverage limit in accordance with regulatory requirements." As a result, my margin level dropped with the same position size, and the trades were closed by stop-out on a small drawdown. During the discussion, we reached an agreement: my deposit would be returned, but to the level before the trades were opened, meaning the disputed trades were annulled. Thanks to the broker. But the question remains: who is my counterparty in the trades if the broker can technically cancel the results of the trades?
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.
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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.