Pepperstone vs Veracity Markets - Fees Review included
Which broker is better Pepperstone or Veracity Markets? 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. Veracity Markets is one of the top brokers in the financial market with the TU Overall Score of 3.43 out of 10. Find out more about TU Overall Score.
| Feature | Pepperstone | Veracity Markets |
|---|---|---|
Overall |
4.4 |
1.6 |
4.7 |
1.4 |
|
4.7 |
1.1 |
|
4.4 |
2.1 |
|
Investment Instruments |
4.4 |
1.7 |
Platforms and Charting Tools |
4.8 |
1.6 |
Deposit and Withdrawal |
4.5 |
2.3 |
Research |
3.9 |
1 |
Education |
4.1 |
1.7 |
Support |
4.3 |
1.6 |
Bonuses |
3.2 |
2.1 |
|
|
Pepperstone vs Veracity Markets: 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.
Veracity Markets is an STP and ECN broker, which has been providing online access to trading Forex and CFD instruments since 2020. The broker’s focus is the traders from African countries, although the company accepts clients from all around the world. The broker offers 250+ instruments for trading, a wide selection of accounts, 24h support and the most popular trading platforms MT4 and MT5. The operation of Veracity Markets is regulated by the Financial Sector Conduct Authority (FSCA).
| Pepperstone | Veracity Markets | |
|---|---|---|
| Overall Pros | Fast order execution - 30 ms on average | A huge selection of trading accounts for retail and professional traders. |
| Low trading fees | No re-quotes; operation without a dealing center with direct prices of the liquidity providers. | |
| Strong luqidity | Desktop and mobile versions of the trading platforms MetaTrader 4 и MetaTrader 5. | |
| Advanced ECN account | High leverage – 1:500 on all account types. | |
| Access to TradingView's advanced charting tools | 24-hour support via Live Chat on the website and in the Personal Account. | |
| Strong regulation | A possibility to withdraw funds to popular electronic wallets Bitcoin, Skrill and Neteller. | |
| Clients’ deposits are kept in segregated accounts at major banks. | ||
| Overall Cons | The company offer Crypto CFDs outside Africa and UK | Not very attractive conditions for novice traders: minimum deposit is $250 and the spreads are high – from 1.6 to 2 pips on a tranquil market. |
| There is no educational information, video tutorials, or a glossary on the broker’s website. | ||
| The company does not provide analytics, research instruments and news. |
Pepperstone vs Veracity Markets: Safety and Regulation
| Regulated By: | Pepperstone | Veracity Markets |
|---|---|---|
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 |
FSCA |
Pepperstone vs Veracity Markets: Trading Conditions
| Trading Conditions | Pepperstone | Veracity Markets |
|---|---|---|
Minimum Deposit |
$0 |
$250 |
Trading Platforms |
MT4, MobileTrading, WebTrader, cTrader, TradingView |
МТ4 (Desktop, Mobile), МТ5 (Desktop, Mobile) |
Max Leverage (Futures) |
1-500 |
1-500 |
Supported Markets |
Forex, CFDs on Stocks, Commodities, Metals and ETFs, Shares, Crypto |
Currency pairs, CFDs on precious metals, commodities, indices, futures, stocks, cryptocurrencies |
Trading assets |
1200+ |
250+ |
Trading Accounts |
Razor, Standard |
Demo, Standard Cent МТ4, Standard МТ4, Standard МТ5, Fixed MT4, Fixed MT5, ECN MT4, ECN MT5, Islamic Swap Free |
Base Account Currencies |
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
USD, GBP, ZAR, KWD |
Pepperstone vs Veracity Markets: Fees
Forex Trading Fees
| Fee | Pepperstone | Veracity Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
0.77 pips |
23 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
MT4/MT5 Razro - $3.5 per lot. cTrader - $3 per lot |
$0 |
ECN Account EUR Average Spread |
0.17 pips |
3 pips |
CFD Trading Fees
| Fee | Pepperstone | Veracity Markets |
|---|---|---|
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 and fixed spreads |
Non-Trading Fees
| Fee | Pepperstone | Veracity Markets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
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 Veracity Markets: Trading Assets
| Asset Name | Pepperstone | Veracity Markets |
|---|---|---|
Overall |
1200+ |
250+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
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 |
Yes |
Binary Options |
No |
No |
Pepperstone or Veracity Markets: Investment Programs
| Asset Name | Pepperstone | Veracity Markets |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
Algorithmic trading |
Trading Platforms: Veracity Markets or Pepperstone
| Pepperstone | Veracity Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
Yes |
No |
Appropriate platform |
No |
No |
Others |
TradingView |
No |
|
|
Pepperstone vs Veracity Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Pepperstone | Veracity Markets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes (not available for all countries) |
Yes |
Crypto |
No |
Yes |
Pepperstone vs Veracity Markets: Research
| Research Type | Pepperstone | Veracity Markets |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
Pepperstone vs Veracity Markets: Education
| Education Type | Pepperstone | Veracity Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
Yes |
No |
Cent account |
No |
No |
Veracity Markets vs Pepperstone: Support
| Support Features | Pepperstone | Veracity Markets |
|---|---|---|
Working Days |
24/5 |
Email 24/5, Online chat 24/7 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Pepperstone vs Veracity Markets: Forex Bonuses and Promo
| Promo | Pepperstone | Veracity Markets |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
For each attracted client under the terms of the program, the affiliate has the opportunity to receive up to USD 400 |
Introducing Brokers is a program for companies, who want to provide brokerage services under the Veracity Markets brand and earn money for every trade executed by the client. The broker offers IB three types of rewards: CPA, Revenues Share (Trade Rebates) and Hybrid Deals; White Label is an offer for small and large brokerage companies that can use technological developments of Veracity Markets in their operation in the Forex market. In addition to the MT4 platform, White Label offers products and services of a more popular company tailored to your brand. |
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 Veracity Markets
-
Comment
Veracity Markets is one of many companies that are made to defraud and steal client money. Its operation scheme is very simple: they use various manipulations with clients’ orders and on the platform there are quotes that do not correspond to market ones. Well, the most important thing is that Veracity Markets uses various methods to avoid withdrawing client money. I was a real client of these scammers and lost all my money.
-
Comment
I consider Veracity Markets to be a decent broker. Although I've been trading here for just over a year, I've already noticed that there haven't been any major issues on the platform. I mostly trade currency pairs, and the spreads on them are reasonable. However, in some cases, such as during news releases or when holding positions overnight, the spread may widen. I've withdrawn money to my bank account, and Veracity Markets processed the requests within six days.
-
Comment
I cannot consider Veracity Markets a reliable broker. I started trading here with a capital of $4,000. However, after a year of collaboration, instead of profit, I incurred losses. Currently, I have only $587 left, and this is due to the fact that the company manipulates its platform. Complaints to the Veracity Markets support service are rejected, and there is no place to defend my rights. Veracity Markets is registered not where it is indicated on the website, and I found nothing at their legal address.
-
Comment
I can’t say that I’m satisfied with everything about Veracity Markets. This is especially true for support work. The more you try to contact them, the more they ignore you. The Veracity Markets platform is fast, one can’t complain. But here, too, not everything is smooth. There are slippages that prevent you from making a full profit. And the support simply ignores complaints about slippage.
-
Comment
An unpleasant situation with Veracity Markets also happened to me. Two profitable trades were canceled without specifying the reasons. They told me to read regulations where the broker’s right to do so is stated. It turns out that a trader is not protected in any way. I do not plan to trade with Veracity Markets.
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!