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Top ratedPepperstone logoPepperstone
4.8
Visit
Our score4.3 / 54.8 / 5
Trust & Regulation
4.7
4.9
Fees & Spreads
3.8
4.8
Platforms & Tools
4.2
4.9
Research & Education
4.6
4.4
Deposits & Withdrawals
4.0
4.8
Customer Support
4.0
4.5
Minimum deposit$50$0
Maximum leverage1:301:500
Spreads from (EUR/USD)1.0 pips0.0 pips
Typical EUR/USD spread (standard account)1.0 pips1.0 pips
Commission (raw / ECN account)None on forex (spread-only); $5 withdrawal fee$3.50 per side per lot (Razor account)
Execution modelMarket MakerECN, STP, NDD
Minimum trade size$10 per trade0.01 lots
Trading platformsProprietary platform, Web Trader, Mobile AppMetaTrader 4, MetaTrader 5, cTrader, TradingView, Proprietary platform, Mobile App
MarketsForex, Indices, Commodities, Stocks, ETFs, CryptoForex, Indices, Commodities, Metals, Energies, Stocks, ETFs, Crypto
Number of instruments7,000+1,300+
FeaturesDemo Account, Copy Trading, Social Trading, Negative Balance Protection, Segregated Funds, Investor Compensation, Islamic AccountDemo Account, Islamic Account, Copy Trading, Scalping Allowed, Hedging Allowed, EAs / Algo Trading, Free VPS, Negative Balance Protection, Segregated Funds, Investor Compensation
RegulatorsFCA, CySEC, ASIC, FSRA, FSA (SC)FCA, ASIC, BaFin, CySEC, DFSA, CMA, SCB
License numbersFCA FRN 583263, CySEC 109/10, ASIC AFSL 491139ASIC AFSL 414530, FCA FRN 684312, CySEC 388/20, DFSA F004356, CMA 128, SCB SIA-F217
Restricted countriesIran, Japan, CanadaUSA, Canada, Belgium
Deposit methodsBank Transfer, Credit/Debit Card, PayPal, Skrill, NetellerBank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller, Apple Pay, Google Pay, UnionPay
Withdrawal processing time1–2 business daysSame day for most methods
Deposit / withdrawal fees$5 withdrawal fee; currency conversion fees for non-USDNo deposit or withdrawal fees (except some international wires)
Account base currenciesUSD, GBP, EURUSD, EUR, GBP, AUD, CAD, CHF, JPY, SGD, HKD, NZD
Support channelsLive Chat, Email, TicketLive Chat, Email, Phone
Support hours24/524/5
Support languages—English, Chinese, Spanish, German, Arabic, Thai
Pros
  • Best-in-class copy trading (CopyTrader)
  • Real stocks, ETFs and crypto in one app
  • Huge community and social feed
  • Very intuitive for beginners
  • Licensed by FCA, ASIC, BaFin and other top regulators
  • No minimum deposit and razor-thin raw spreads
  • Excellent platform choice incl. TradingView and cTrader
  • Fast, reliable execution with no dealing desk
Cons
  • No MetaTrader or advanced platforms
  • Forex spreads above average
  • Withdrawal and conversion fees
  • Customer support is not 24/7
  • Smaller stock CFD range than some multi-asset brokers
  • Not available to US clients