Webull vs Pepperstone - Fees Review included
Which broker is better Webull or Pepperstone? Our expert assessment conducted according to TU’s own methodology showed that Webull is one of the top brokers in the financial market with the TU Overall Score of 7.21 out of 10. Pepperstone is one of the top brokers in the financial market with the TU Overall Score of 7.17 out of 10. Find out more about TU Overall Score.
| Feature | Webull | Pepperstone |
|---|---|---|
Overall |
3.2 |
4.4 |
5 |
4.7 |
|
3.4 |
4.7 |
|
3.1 |
4.4 |
|
Investment Instruments |
4.0 |
4.4 |
Platforms and Charting Tools |
3.1 |
4.8 |
Deposit and Withdrawal |
2.7 |
4.5 |
Research |
1.8 |
3.9 |
Education |
1.2 |
4.1 |
Support |
3.6 |
4.3 |
Bonuses |
4.1 |
3.2 |
|
|
Webull vs Pepperstone: Pros and Cons
Webull is an American broker-dealer headquartered in New York City and is a FINRA, SIPC, NYSE, and NASDAQ member. The company was incorporated in May 2017, and in January 2018 it was already registered with the SEC. It is part of Webull Financial LLC and is licensed to carry out brokerage activities in all 50 US states. The broker offers a wide range of stock market assets, professional analytics and an intuitive trading platform with a variety of technical and fundamental analysis tools
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.
| Webull | Pepperstone | |
|---|---|---|
| Overall Pros | Zero commission when trading stocks, options, and ETFs | Fast order execution - 30 ms on average |
| No minimum deposit requirements for brokerage and retirement (IRA) accounts | Low trading fees | |
| Access to professional intelligent analytics and trading tools | Strong luqidity | |
| Advanced ECN account | ||
| Access to TradingView's advanced charting tools | ||
| Strong regulation | ||
| Overall Cons | There is no support for trading in mutual funds, futures, bonds or stocks of the OTC markets | The company offer Crypto CFDs outside Africa and UK |
| It doesn’t provide an opportunity to make transactions with currency pairs | ||
| Cryptocurrency trading is available only in mobile applications | ||
| Replenish your account from $2,000 to trade with favorable leverage |
Webull vs Pepperstone: Safety and Regulation
| Webull | Pepperstone | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
|
Investor protection |
£85,000 €20,000 €100,000 (DE) |
|
FCA UK Regulation |
Yes |
|
FINRA (U.S) |
No |
|
BaFin (Germany) |
Yes |
|
ASIC (Australia) |
Yes |
|
CFTC (U.S) |
No |
|
MAS |
No |
|
FSCA SA |
No |
|
BVI FSC |
No |
|
VFSC |
No |
|
FSA (Seychelles) |
No |
Webull vs Pepperstone: Trading Conditions
| Trading Conditions | Webull | Pepperstone |
|---|---|---|
Minimum Deposit |
1 USD |
$0 |
Trading Platforms |
Own platform |
MT4, MobileTrading, WebTrader, cTrader, TradingView |
Max Leverage (Futures) |
1-2/1-4 |
1-500 |
Supported Markets |
Stocks, options, ETFs, ADRs, cryptocurrencies |
Forex, CFDs on Stocks, Commodities, Metals and ETFs, Shares, Crypto |
Trading assets |
100+ |
1200+ |
Trading Accounts |
Paper Account (Demo), Margin Account, Cash Account (IRA, Individual) |
Razor, Standard |
Base Account Currencies |
USD |
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
Webull vs Pepperstone: Fees
| Webull | Pepperstone | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,5 |
|
Standard acc. spread EUR/USD, max pips |
1,5 |
|
ECN Commission |
3 |
|
ECN Spread EUR/USD |
0,1 |
|
Deposit fee, % |
No |
|
Withdrawal fee, % |
No |
|
Withdrawal fee, USD |
No |
|
Inactivity fee, $ |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Webull vs Pepperstone: Trading Assets
| Asset Name | Webull | Pepperstone |
|---|---|---|
Overall |
100+ |
1200+ |
Forex |
No |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
No |
Yes (CFD) |
Cryptocurrencies |
Yes |
No |
Energy |
No |
Yes (CFD) |
Indices |
No |
Yes (CFD) |
ETFs |
Yes |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Webull or Pepperstone: Investment Programs
| Asset Name | Webull | Pepperstone |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Pepperstone or Webull
| Webull | Pepperstone | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
Yes |
Appropriate platform |
No |
No |
Others |
Own trading platform |
TradingView |
|
|
Webull vs Pepperstone: Deposit and Withdrawal Methods
| Webull | Pepperstone | |
|---|---|---|
Bank Wire |
||
Bank Card |
||
Neteller |
||
BTC |
||
Wise |
||
Payoneer |
||
USDT |
Webull vs Pepperstone: Research
| Research Type | Webull | Pepperstone |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
Yes |
Webull vs Pepperstone: Education
| Education Type | Webull | Pepperstone |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
No |
Yes |
Cent account |
No |
No |
Pepperstone vs Webull: Support
| Support Features | Webull | Pepperstone |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
No |
Yes |
Other |
No |
No |
Webull vs Pepperstone: Forex Bonuses and Promo
| Promo | Webull | Pepperstone |
|---|---|---|
Forex Bonus |
Flexible bonus system with the ability to receive a bonus in the form of securities in the amount of up to 1600 USD |
No |
Affiliate Program |
Yes |
For each attracted client under the terms of the program, the affiliate has the opportunity to receive up to USD 400 |
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 Pepperstone
-
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.
-
Comment
Pepperstone stands out with a free 60-day demo account and two types of live accounts: Razor and Standard. The absence of a minimum deposit, a wide range of base currencies (9 options), and support for 16 trading platforms are definite advantages. Thanks to its partnership programs, the broker is appealing not only to traders but also to those building their own communities — with three partnership models, including one for fund managers. Order execution averages 30 ms, making it suitable for all strategies, including manual and automated trading.
-
Comment
I opened a Razor account with Pepperstone — the actual commission is low, and spreads start from zero. Trading CFDs on cryptocurrencies, commodities, and indices is a big plus. The minimum trade size is 0.01 lots, which is convenient for testing new strategies. I was pleased with the instant withdrawals via Visa, Mastercard, PayPal, Neteller, Skrill, and other popular systems. The platform allows flexible risk management with Margin Call/Stop Out levels at 90%/20%. Additionally, the broker partners with Barclays and HSBC as liquidity providers, which adds to its reliability.
-
Comment
I have been trading with Pepperstone for over a year and especially appreciate their execution speed — 99.35% of orders are filled in less than 1 second. As an active trader, the availability of MetaTrader 4/5, cTrader, and TradingView is important to me, as well as the absence of requotes. Customer support is available 24/7, and all my issues were resolved promptly. I was pleasantly surprised by the affiliate program — you can earn up to $750 per referred client, and the broker also pays up to 55% under the agency scheme. Thanks to instant execution and spreads starting from 0.0 points, Pepperstone is excellent for news trading.
-
Comment
I chose Pepperstone because of its transparent trading conditions and a minimum deposit of $0. The platform offers over 1,200 trading instruments, including currencies, stocks, indices, and commodities. Leverage up to 400:1 for retail clients and 500:1 for professionals provides plenty of room for different strategies. Spreads start from 0.0 points — a real advantage for scalpers. Order execution takes place within 30 ms, confirmed both in demo mode and on live accounts. Deposits and withdrawals are commission-free, there is a wide range of account currencies (AUD, USD, EUR, JPY, and others), and all funds are protected from negative balance.
Top 5 Reviews on Webull
-
Comment
The Webull broker is characterized by low-quality execution of transactions. Transactions revolve within the company. If you compare trading here with trading in other companies, the difference will be very noticeable. I do not advise.
-
Comment
I have been cooperating with Webull for the third month. It seems to me that this is a sufficient period to see all the obvious advantages and disadvantages of the company. First, about the cons, which, perhaps, only catch me. I don't like their terminal from the word "generally". It lacks tools for analysis, and performance leaves much to be desired. Another disadvantage is that access to margin trading is opened from $2,000 in the account balance. But still, I lingered here, because there are pluses: trading without spreads, increased leverage on intraday trading and a demo account for testing strategies. I don’t see a worthy replacement among competitors yet, I stay with Webull until better times.
-
Comment
I won’t complain about Webull either. My homie advised me to cooperate with this broker and I immediately checked its legal documents. It’s as clear as day, the company operates in the legal field. Trust my experience, there are a lot of scammers these days but Webull is not one of them. The broker's terminal is rock-solid, and after the last update, it became even more convenient to use it compared to before. Everything is smooth with payments and the company strives to make the process even better.
-
Comment
I opened an account with Webull a year ago, the company's experts helped to develop a strategy and decide on financial instruments. I cannot say that I am very impressed with the results, but there is an indisputable plus from our cooperation. Transactions are well protected, there is no commission for withdrawing funds from the account.
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.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.