Pepperstone vs WelTrade - Fees Review included
Which broker is better Pepperstone or WelTrade? 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. WelTrade is one of the top brokers in the financial market with the TU Overall Score of 7.02 out of 10. Find out more about TU Overall Score.
| Feature | Pepperstone | WelTrade |
|---|---|---|
Overall |
4.4 |
4.2 |
4.7 |
3.5 |
|
4.7 |
4.1 |
|
4.4 |
3.8 |
|
Investment Instruments |
4.4 |
4.4 |
Platforms and Charting Tools |
4.8 |
4.5 |
Deposit and Withdrawal |
4.5 |
5 |
Research |
3.9 |
4 |
Education |
4.1 |
3.8 |
Support |
4.3 |
4.6 |
Bonuses |
3.2 |
4.3 |
|
|
|
Pepperstone vs WelTrade: 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.
Weltrade is an international broker. It has been in operation since 2006 and has offices in 18 countries that serve over 100,000 traders worldwide. The Company provides a full range of active trading services and also supports auto-trading. Weltrade has repeatedly proven its responsibility and professionalism. According to the 2019 Asia Forex Expo, the company received the “Best Foreign Broker” award; and in 2017, it was awarded the “Broker with the Best Client Support” title. In 2015, the Weltrade broker won the "Best Affiliate Program” nomination.
| Pepperstone | WelTrade | |
|---|---|---|
| Overall Pros | Fast order execution - 30 ms on average | beneficial trading conditions |
| Low trading fees | a wide range of financial instruments for trading: currency pairs, indices, stocks, goods, cryptocurrencies | |
| Strong luqidity | ability to open different types of accounts, depending on clients’ goals and expertise | |
| Advanced ECN account | individual account for cryptocurrency trading | |
| Access to TradingView's advanced charting tools | several services for successful traders’ transactions, such as copying; ZuluTrade & MQL5, as well as access to robots and ready indices | |
| Strong regulation | regular promotions and contests for traders | |
| Overall Cons | The company offer Crypto CFDs outside Africa and UK | no PAMM investments |
| withdrawals can take up to 30 minutes |
Pepperstone vs WelTrade: Safety and Regulation
| Pepperstone | WelTrade | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-2 |
Investor protection |
£85,000 €20,000 €100,000 (DE) |
No |
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 |
No |
Pepperstone vs WelTrade: Trading Conditions
| Trading Conditions | Pepperstone | WelTrade |
|---|---|---|
Minimum Deposit |
$0 |
$25 |
Trading Platforms |
MT4, MobileTrading, WebTrader, cTrader, TradingView |
MetaTrader 4, MetaTrader 5, MetaTrader 4 MultiTerminal, WebTrader |
Max Leverage (Futures) |
1-500 |
1-1000 |
Supported Markets |
Forex, CFDs on Stocks, Commodities, Metals and ETFs, Shares, Crypto |
Forex, metals, CFD shares, indices, goods, cryptocurrencies |
Trading assets |
1200+ |
200+ |
Trading Accounts |
Razor, Standard |
Demo, Micro, Premium, Pro, ZuluTrade, and Crypto |
Base Account Currencies |
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
USD, EUR |
Pepperstone vs WelTrade: Fees
| Pepperstone | WelTrade | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,5 |
0,5 |
Standard acc. spread EUR/USD, max pips |
1,5 |
0,9 |
ECN Commission |
3 |
|
ECN Spread EUR/USD |
0,1 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
0,5-2 |
Withdrawal fee, USD |
No |
3 |
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 WelTrade: Trading Assets
| Asset Name | Pepperstone | WelTrade |
|---|---|---|
Overall |
1200+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes |
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 WelTrade: Investment Programs
| Asset Name | Pepperstone | WelTrade |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: WelTrade or Pepperstone
| Pepperstone | WelTrade | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
Yes |
No |
Appropriate platform |
No |
No |
Others |
TradingView |
Webtrader |
|
|
|
Pepperstone vs WelTrade: Deposit and Withdrawal Methods
| Pepperstone | WelTrade | |
|---|---|---|
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 WelTrade: Research
| Research Type | Pepperstone | WelTrade |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
Pepperstone vs WelTrade: Education
| Education Type | Pepperstone | WelTrade |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
No |
No |
WelTrade vs Pepperstone: Support
| Support Features | Pepperstone | WelTrade |
|---|---|---|
Working Days |
24/5 |
24/7 |
Yes |
No |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Pepperstone vs WelTrade: Forex Bonuses and Promo
| Promo | Pepperstone | WelTrade |
|---|---|---|
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 |
For each invited trader, the client can receive $10 |
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. |
Bonus of 100% with each replenishment of the trade account with the amount of USD/EUR 200. |
|
|
|
Top 5 Reviews on WelTrade
-
Comment
I came across WELTRADE while looking for a broker with a wide range of trading instruments — they truly offer over 50 currency pairs, plus metals, crypto, CFDs on stocks, and commodities. The minimum deposit for a Micro account is just $1, so I decided to test the platform with minimal risk. After three weeks of trading, I managed to earn a little over $30 on the EUR/USD pair. I really liked the floating spread, which ranges from 0.2 to 2.9 pips — even during news releases, the widening isn’t as extreme as I’ve seen with previous brokers.
-
Comment
I was attracted by the possibility to compensate part of the costs through MOFT rebate. On Micro and Premium accounts the rebate reaches 0.45-0.48 USD per lot, on Pro - 0.07-0.33 USD. For those who open 10 or more trades per day, the savings are tangible. Example: 15 trades per day with 1 lot and a spread of 2 points can return up to $12 only for a day. A real way to reduce costs when trading frequently.
-
Comment
I participated in the WELTRADE affiliate program — it offers three tiers: Standard, Professional, and Expert, with commission based on trading volume. The terms are transparent: from 5% per referred client, plus access to banners, landing pages, and detailed stats. I also liked that partners earn from the activity of second- and third-level clients. For those focused on client acquisition, there are real monetization tools available.
-
Comment
I started collaborating with the broker Weltrade when I became interested in cryptocurrency. Here, speculative trading was offered on the MT4 platform. Of course, with such trading, there was no actual purchase of cryptocurrency, but speculations, especially with margin trading, attracted me. Later on, I started trading with regular currency pairs as well. I consider Weltrade to be a decent company.
-
Comment
Weltrade cannot be trusted. They tell beautiful stories and offer favorable conditions. But in fact, weltrade does everything to ensure that your money stays with them forever. I traded here for four months and lost my entire deposit due to technical glitches. Nobody returned my money.
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.