Pepperstone vs TradeStation
vs
| Pepperstone | TradeStation |
|---|---|
4.8
|
3.5
TradeStation is #14 in our CFD broker rankings. |
 Traders from US not accepted
|
Traders from US accepted |
|
Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels. |
TradeStation is a popular, SEC-regulated broker offering stock, CFD and futures trading through powerful proprietary trading platforms. Available assets vary by region, with CFD trading available on the global branch. The US-based broker has different pricing methods split to cater for active day traders, or longer term stock holders. |
| CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.8% of retail investor accounts lose money when trading CFDs. | |
| Customer Reviews | |
|
3.8
Based on 4 Pepperstone customer reviews
|
|
| Comment by Reviewer | |
| "Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support." | "TradeStation is a secure, tried-and-tested broker for stock traders who want a powerful, flexible platform. The $500 minimum deposit makes this broker a better fit for experienced traders." |
| Pros | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| Instruments | |
| CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting | CFDs, Forex, Stocks, Futures, Commodities |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $500 |
| Trading Platforms | |
|
|
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | Min lot size will vary |
| Regulator | |
| FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB | SEC |
| Margin Trading | |
| Yes | No |
| STP Account | |
| Yes | No |
| ECN Account | |
| Yes | No |
| DMA Account | |
| Yes | Yes |
| MAM Account | |
| Yes | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| Yes | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | No |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | No |
| Mobile Apps | |
| iOS & Android | iOS, Android and Windows |
| App Review | |
Pepperstone excels for its excellent integration with the MT4, MT5, cTrader, and TradingView apps, making it a standout option for day traders familiar with these leading third-party trading solutions. These platforms deliver a stable and reliable mobile trading experience, enhanced by Pepperstone’s almost unrivalled execution speeds and wide range of asset classes. |
|
| Android App Rating | |
4.1 |
|
| iOS App Rating | |
4.4 |
|
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | |
| Copy Trading | |
| Yes | No |
| Copy Trading Platform | |
| Pepperstone facilitates the replication of experienced traders' strategies through MetaTrader Signals, DupliTrade and now its own copy trading app (available in certain regions) through a partnership with Pelican Trading, providing access to thousands of experienced traders and personalized risk parameters. On the downside, it lacks support for cTrader Copy which may deter users familiar with the terminal from Spotware. | |
| Social Trading | |
| No | No |
| Trade Signals | |
| Yes (Via Chartist Software) | |
| VPS Hosting | |
| Yes | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | |
| Islamic Account | |
| Yes | No |
| Account Currencies | |
|
|
| Stock Exchanges | |
|
|
| Commodities | |
| CFD Trading | |
| Pepperstone maintains its position as one of the fastest and most dependable CFD brokers during our latest round of testing. With execution speeds averaging around 30ms and an outstanding fill rate of 99.90%, the broker ensures a seamless trading experience without requotes or dealing desk interference. It also provides ample trading opportunities across over 1,300 assets. | Trade CFDs on popular asset classes, including forex and stocks. FX CFD commissions are competitive at 0.6 basis points while for shares it's a minimum of $3 per order. |
| Leverage | |
| 1:30 (Retail), 1:500 (Pro) | 1:20 |
| FTSE Spread | |
| 1.0 | N/A |
| GBPUSD Spread | |
| 0.4 | N/A |
| Oil Spread | |
| 2.5 | 0.06 pips |
| Stocks Spread | |
| 0.02 | 0.2% Var |
| Forex Trading | |
| Pepperstone offers ultra-competitive forex spreads averaging 0.12 pips on EUR/USD in the Razor account, accompanied by a diverse portfolio comprising 100+ currency pairs - an extensive selection surpassing most competitors. Additionally, Pepperstone distinguishes itself by offering three currency indices (USDX, EURX, JPYX), not commonly found among alternative platforms. Pepperstone has now won our annual 'Best Forex Broker' award twice. | Speculate on 26 currencies including majors. Top-tier liquidity is available from 17 of the biggest forex dealing banks, alongside dynamic order management and low commissions. |
| Forex App | |
Pepperstone deliver their MetaTrader 4, MetaTrader 5, cTrader and TradingView platforms across both Android and iOS. With faster processing times, the ability to hedge your positions, advanced pending orders and more tools and indicators to take your trading to the next level – they are a powerful addition for mobile traders. |
|
| GBPUSD Spread | |
| 0.4 | Variable |
| EURUSD Spread | |
| 0.1 | Variable |
| EURGBP Spread | |
| 0.4 | Variable |
| Assets | |
| 100+ | 26 |
| Currency Indices | |
|
|
| Cryptocurrency | |
| Pepperstone continues to prove itself as one of the most trusted crypto brokers. Although its selection of digital tokens is average, you can trade popular cryptos like Bitcoin and altcoins like Ripple with up to 1:10 leverage, while its crypto indices provide a holistic view of the digital currency markets not found on most day trading platforms. | Crypto trading not offered |
| Spread | |
| BTC 30, ETH 0 | |
| Coins | |
|
|
| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | Yes |
| Auto Market Maker | |
| No | No |
|
|
|
| CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.8% of retail investor accounts lose money when trading CFDs. | |