Compare Brokers
We help you pick the best broker for your needs with our broker comparison tool. Select 2 brokers and see exactly what makes them different.
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Pepperstone
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XTB
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Founded in Australia in 2010, Pepperstone is a highly-rated forex and CFD broker with over 830,000 global clients. It provides access to 1,400+ instruments on top platforms like MT4, MT5, cTrader, and TradingView, with low, clear fees. Pepperstone is regulated by reputable bodies such as the FCA, ASIC, and CySEC, ensuring a secure trading environment. | Founded in 2002 in Poland, XTB now serves over 1 million clients. This forex and CFD broker offers a regulated trading environment with a wide range of assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with excellent tools for aspiring traders. | |
| Instruments | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs (only Pro clients), Spread Betting | CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $0 | $0 |
| Trading Platforms | Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView | xStation |
| Payment Methods | Apple Pay, BPAY, Credit Card, Debit Card, Google Wallet, Mastercard, Neteller, PayPal, PIX Payment, Skrill, UnionPay, Visa, Wire Transfer | Credit Card, Debit Card, Maestro, Mastercard, Neteller, PayPal, Paysafecard, Skrill, Visa, Wire Transfer |
| Minimum Trade | 0.01 Lots | 0.01 Lots |
| Regulator | FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya | FCA, CySEC, KNF, DFSA, FSC |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD | USD, EUR, GBP |
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| Mobile Apps | iOS & Android | iOS & Android |
| App Review | Pepperstone stands out for its great integration with MT4, MT5, cTrader, and TradingView apps, making it a top choice for traders familiar with these major platforms. These apps provide a stable, reliable mobile trading experience, boosted by Pepperstone's fast execution speeds and wide asset range. Recent upgrades helped it earn second place in DayTrading.com's annual 'Best Trading App' award for 2025. | Year after year, XTB's app stands out for its sleek design and clear interface. It’s fast, responsive, and full of useful features like integrated sentiment data, market news, economic calendars, and educational resources. The user-friendly order panel below the trading chart makes placing trades, including setting take profit and stop loss levels, straightforward. |
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| Margin Trading | ✓ | ✓ |
| Margin Rate | 4.5% | |
| Account Types | STP, ECN, DMA, MAM, PAMM | STP |
| AI / Machine Learning | ✗ | ✗ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✓ | ✓ |
| Market Maker | ✗ | ✓ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✓ |
| Auto Trading | Expert Advisors (EAs) on MetaTrader | |
| Copy Trading | ✓ | ✗ |
| Copy Trading Platform | Pepperstone enables traders to follow strategies of experienced traders via MetaTrader Signals, DupliTrade, and its new copy trading app (available in select regions) in partnership with Pelican Trading, offering access to many skilled traders and customizable risk settings. However, it does not support cTrader Copy, which may discourage users who prefer Spotware's terminal. | |
| Social Trading | ✗ | ✗ |
| Trade Signals | Yes (Via Chartist Software) | ✗ |
| VPS Hosting | ✗ | ✗ |
| Tournaments | ✗ | ✗ |
| Demo Competitions | ✗ | ✗ |
| Ethical Investing | ✗ | ✓ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✓ |
| Inactivity Fee | $0 | €10 per 365 days |
| Islamic Account | ✓ | ✓ |
CFD Trading | ||
Pepperstone remains a top-notch CFD broker based on our recent tests. The broker offers swift execution speeds averaging 30ms, a high fill rate of 99.90% and over 1,300 assets to trade. This ensures a smooth trading experience without interruptions or the need for re-quotes. | XTB provides a wide range of CFDs, including forex, indices, commodities, stocks, ETFs, and cryptos (depending on location). EU and UK clients get leverage up to 1:30, while global and pro clients can access up to 1:500. XTB excels in CFD trading resources and tutorials for short-term strategy development. | |
| Leverage | 1:30 (Retail - UK, EU, Australia), 1:500 (Pro), 1:200 (Offshore), 1:400 (Kenya) | 1:500 |
| FTSE Spread | 1.0 | 1.8 |
| GBPUSD Spread | 0.4 | 1.4 |
| Oil Spread | 2.5 | 0.03 |
| Stocks Spread | 0.02 | 0.2% |
Forex Trading | ||
Pepperstone offers exceptionally low forex spreads, averaging 0.12 pips on EUR/USD in the Razor account, with over 100 currency pairs to choose from. This exceeds what most competitors offer. Pepperstone uniquely provides three currency indices (USDX, EURX, JPYX), a rare feature in trading platforms. Pepperstone has claimed our 'Best Forex Broker' award twice. | XTB offers access to over 60 currency pairs with low spreads, averaging about 1 pip on major pairs. The xStation platform is user-friendly for forex traders, featuring advanced charting tools with 30+ indicators and various order types to support different strategies and risk management. | |
| GBPUSD Spread | 0.4 | 1.4 |
| EURUSD Spread | 0.1 | 1.0 |
| EURGBP Spread | 0.4 | 1.4 |
| Assets | 100+ | 70+ |
| Currency Indices | USD, EUR, JPY | |
Cryptocurrency Trading | ||
remains a trusted name in crypto CFD trading. It offers a moderate selection of digital tokens, including popular cryptocurrencies like Bitcoin and altcoins such as Ripple, with up to 1:10 leverage. Its crypto indices offer a comprehensive view of the digital currency markets, which is uncommon on other platforms. has also launched , a dedicated crypto exchange in Australia. | XTB provides over 50 different digital currencies to trade, such as BTC where the spread starts from 0.22%, and the leverage can go up to 1:5. The xStation platform also offers a variety of trade pairs, including ETH/BTC and DSH/BTC. Traders can trade cryptocurrencies anytime with XTB's transparent and secure accounts. | |
| Crypto Spread | BTC 30, ETH 0 | 0.22% |
| Crypto Coins | BCH, BTC, ETH, LTC, DASH, ADA, LINK, DOGE, EOS, DOT, XRP, XLM, XTZ, UNI, BNB | ADA, BTC, BCH, DSH, EOS, ETH, IOTA, LTC, NEO, XRP, XLM, TRX, XEM, XLM, XMR, DOGE, BNB, LINK, UNI, DOT, XTZ |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |