Pepperstone vs XM - Fees Review included

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Which broker is better Pepperstone or XM? 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. XM is one of the top brokers in the financial market with the TU Overall Score of 8.52 out of 10. Find out more about TU Overall Score.

Feature Pepperstone XM

Overall

4.4

4.5

Regulation

4.7

4.9

Fees

4.7

4.3

Trading Assets

4.4

4.4

Investment Instruments

4.4

4.4

Platforms and Charting Tools

4.8

4.6

Deposit and Withdrawal

4.5

4.7

Research

3.9

5

Education

4.1

5

Support

4.3

4.6

Bonuses

3.2

5

Pepperstone review

XM review

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Your capital is at risk.
Please note that your capital is at risk.

Open an account

Your capital is at risk.
77.74% of retail investor accounts lose money when trading CFDs with this provider.

Pepperstone vs XM: 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.

XM Broker was founded in 2009. Initially, the company covered a narrow niche of the trader market, specializing exclusively in intermediary services at the foreign exchange market. It has since experienced considerable success and growth. XM is reliable and safe. It has diversified and is now an international broker operating in almost 190 countries around the world. For over a decade XM Broker has attracted 3,5 million traders, offering unique technological solutions. The company is now being recognised as the Fastest Growing Broker, the Best Forex Service Provider and various other contributing achievements. The team at XM Broker is committed to continually working hard to improve the quality of the services provided every year as they are committed to continually providing the best service to their traders.

Pepperstone XM
Overall Pros Fast order execution - 30 ms on average Well-Regulated broker
Low trading fees Strong research tools
Strong luqidity Strong education
Advanced ECN account Big Forex bonuses
Access to TradingView's advanced charting tools Free deposit and withdrawal
Strong regulation Instant withdrawal
1000+ trading assets
Overall Cons The company offer Crypto CFDs outside Africa and UK High spreads

Pepperstone vs XM: Safety and Regulation

Regulated By: Pepperstone XM

US Regulation

No

No

FCA (Great Britain)

Yes

Yes

CySec (Cyprus, EU)

Yes

Yes

ASIC (Australia)

Yes

Yes

Other Regulators

Dubai Financial Services Authority (DFSA), BAFIN, SCB, CMA

IFSC (Belize)

Pepperstone vs XM: Trading Conditions

Trading Conditions Pepperstone XM

Minimum Deposit

$0

$5

Trading Platforms

MT4, MobileTrading, WebTrader, cTrader, TradingView

MT4, MT5

Max Leverage (Futures)

1-500

1:888, 1:30 (for EU, UK clients)

Supported Markets

Forex, CFDs on Stocks, Commodities, Metals and ETFs, Shares, Crypto

Forex, CFDs on indices, commodities, crypto, metals, stocks

Trading assets

1200+

1300+

Trading Accounts

Razor, Standard

Micro, Standard, Ultra Low, Zero

Base Account Currencies

AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD

USD, EUR, GBP, JPY, CHF,‎ AUD, HUF, PLN, RUB, SGD, ZAR

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Pepperstone vs XM: Fees

Forex Trading Fees

Fee Pepperstone XM

Standard Account EURUSD Average Spread

0.77 pips

1.7 pips

Standard Account Fee

$0

$0

ECN/STP Account Fee

MT4/MT5 Razro - $3.5 per lot. cTrader - $3 per lot

Not offered

ECN Account EUR Average Spread

0.17 pips

Not offered

CFD Trading Fees

Fee Pepperstone XM

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 XM

Account Fee

No

No

Deposit Fee

No

No

Withdrawal Fee

No

No

Inactivity Fee

No

$15 after 5 months of inactivity

A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.

Pepperstone vs XM: Trading Assets

Asset Name Pepperstone XM

Overall

1200+

1300+

Forex

Yes

Yes

Stocks

Yes (CFD)

Yes

Metals

Yes (CFD)

Yes (CFD)

Cryptocurrencies

No

Yes (CFD)

Energy

Yes (CFD)

Yes (CFD)

Indices

Yes (CFD)

Yes (CFD)

ETFs

Yes (CFD)

Yes (CFD)

Bonds

No

No

Mutual funds

No

No

Stock options

No

No

Futures Trading

No

No

Binary Options

No

No

Pepperstone or XM: Investment Programs

Asset Name Pepperstone XM

Copy Trading

Yes

Yes

MAM/PAMM

No

No

Managed Accounts

No

No

Other

No

No

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Trading Platforms: XM or Pepperstone

Pepperstone XM

MT4

Yes

Yes

MT5

Yes

Yes

cTrader

Yes

No

Appropriate platform

No

No

Others

TradingView

No

Pepperstone review

XM review

Open an account

Your capital is at risk.
Please note that your capital is at risk.

Open an account

Your capital is at risk.
77.74% of retail investor accounts lose money when trading CFDs with this provider.

Pepperstone vs XM: Deposit and Withdrawal Methods

Deposit and Withdrawal Method Pepperstone XM

Bank Transfer

Yes

Yes

Debit Card

Yes

Yes

Electronic Wallets

Yes (not available for all countries)

Yes

Crypto

No

Yes

Pepperstone vs XM: Research

Research Type Pepperstone XM

News Feed

Yes

Yes

Fundamental Data

Yes

Yes

Chart Analysis

Yes

Yes

Trading Ideas

Yes

Yes

E-Mail Reports

Yes

Yes

Pepperstone vs XM: Education

Education Type Pepperstone XM

Demo-account/Paper Trading

Yes

Yes

Webinars

Yes

Yes

Articles

Yes

Yes

Videos

Yes

Yes

Cent account

No

Yes

XM vs Pepperstone: Support

Support Features Pepperstone XM

Working Days

24/5

24/5

E-mail

Yes

Yes

Phone

Yes

Yes

Online chat

Yes

Yes

Other

No

No

Pepperstone vs XM: Forex Bonuses and Promo

Promo Pepperstone XM

Forex Bonus

No

up to $5000 forex bonus, up to 100% forex deposit bonus

Affiliate Program

For each attracted client under the terms of the program, the affiliate has the opportunity to receive up to USD 400

Multi tier affiliate program

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.

Pepperstone review

XM review

Open an account

Your capital is at risk.
Please note that your capital is at risk.

Open an account

Your capital is at risk.
77.74% of retail investor accounts lose money when trading CFDs with this provider.

Top 5 Reviews on XM

  • XM Group

    uajsaeva@bk.ru

    16.04.2024

    Comment

    I have been exclusively trading with ECN brokers and decided it is time to try a market maker for variety. I did a lot of research before signing up and XM Group was among my top three brokers in the final shortlist. I then decided to register with them. The registration process was straightforward and done within 5 minutes, and went right in for my first trade. The terminal is in MT5 and there is nothing much going on. Honestly, this is a huge plus for someone like me who prefers a no-frills platform as you can understand everything that goes on very easily. One standout feature I would like to mention is their fully-customizabl

  • XM Group

    givemeyours521@gmail.com

    03.04.2024

    Comment

    XM’s registration process is by far the fastest among all the brokers I have enrolled in. I went to their website, clicked register, filled in my email and password, and my trading account was created just like that. I can already go around and explore its website features right after the account creation. Then I opted to download their XM app and went all in with the account verification which turned out to be super fast when using the app. They only asked for one identification card (a time saver) and a face scan for confirmation. Next I received an email saying that my documents have been uploaded and will be reviewed within 24 hours. Only a few minutes had gone by and I received another email confirming that my account had been verified. Love this smooth account registration process.

  • XM Group

    kirahlonah@gmail.com

    27.03.2024

    Comment

    XM offers leverage ranging from 1:1 to 1000:1, which isantop feature for traders looking to open a large position with a low trading capital. but after my experience trading with leverage on XM, i think new traders should avoid trading with leverage when they newly start trading on their live account. Leverages should be a feature for experts if i am to suggest. After trying leverages on demo accounts I decided to use it on my live accounts. Eager to dip my toes into the dynamic realm of financial markets, I deposited $100 into my trading account with XM, a renowned brokerage platform. Excitedly, I decided to trade the EUR/USD currency pair, one of the most widely traded pairs in the forex market. With a leverage of 1:100, I saw an opportunity to magnify the potential profits and opened a position. The EUR/USD pair seemed promising, with positive economic indicators favoring the Euro. I was optimistic as the trade commenced, envisioning significant gains. However, the market is as unpredictable as the wind, and soon, the trade turned against my proposed strategy. The leverage, while offering the potential for amplified gains, also exposed me to higher risks. As the EUR/USD pair plummeted, so did my account balance. In the blink of an eye, my $100 deposit dwindled away as a result of the fluctuations of the forex market. I realized the importance of risk management and the need for a thorough understanding of leverage. So my approach to trading is to implement strategies that would protect my capital in the future and to use a minimum of 1:10 leverage if I must use it anytime soon.

  • XM Group

    alexonkwani@gmail.com

    25.03.2024

    Comment

    Beginner traders on XM group can benefit from the rich educational tools provided on the research and education section on the platform. When you click on the research button, resources available here are grouped into three different groups. Beginners alcan start learning about Forex trading with the options available under the learning center. Resources here will help a novice learn about the XM platform Forex and CFD trading. The videos available will introduce a beginner trader to the financial markets and instruments like shares, CFDs, Forex, Crypto, pips, lots, and position size. This videos are meant to breed novice traders from level 1 trader to an expert trader.

  • XM Group

    porterashley751@gmail.com

    11.03.2024

    Comment

    I initially paid $3000 to start with and an account manager demonstrated a growth of $500 in quick time. A specialist then came in and tried to get me to invest $25000 to which I bluntly denied and they tried with $20K, then $10K and even $5K to all of which I refused! They have now kept me hanging and I asked for a refund to which they are asking for more money from me and I don't know what more to do! Also as of yesterday, the site itself is DOWN!! I cannot log in anymore and the email contact i had from there, when i sent the email to check it came back saying that domain does not exist anymore!! I am at loss of words and my hard earned money unfortunately i was able to recover my money back with the help of Olivia teams get in touch with them oliviatrader 44 at gmail com WhatApp +1 (423) 248 - 2140

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Top 5 Reviews on Pepperstone

  • Pepperstone

    kevin.key2021@gmail.com

    16.04.2024

    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.

  • Pepperstone

    frimpslogan@gmail.com

    01.04.2024

    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.

  • Pepperstone

    kendypeter80@gmail.com

    25.03.2024

    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.

  • Pepperstone

    adeel-uddin

    25.02.2024

    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.

  • Pepperstone

    sunethdesoyza

    06.02.2024

    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
Author at Traders Union

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!