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Top ratedPepperstone logoPepperstone
4.8
Visit
Our score4.2 / 54.8 / 5
Trust & Regulation
4.0
4.9
Fees & Spreads
4.3
4.8
Platforms & Tools
4.1
4.9
Research & Education
4.2
4.4
Deposits & Withdrawals
4.5
4.8
Customer Support
4.4
4.5
Minimum deposit$5$0
Maximum leverage1:3,0001:500
Spreads from (EUR/USD)0.7 pips0.0 pips
Typical EUR/USD spread (standard account)1.0 pips1.0 pips
Commission (raw / ECN account)None$3.50 per side per lot (Razor account)
Execution modelMarket Maker, STPECN, STP, NDD
Minimum trade size0.01 lots0.01 lots
Trading platformsMetaTrader 4, MetaTrader 5, Proprietary platform, Mobile AppMetaTrader 4, MetaTrader 5, cTrader, TradingView, Proprietary platform, Mobile App
MarketsForex, Indices, Commodities, Metals, Energies, Stocks, CryptoForex, Indices, Commodities, Metals, Energies, Stocks, ETFs, Crypto
Number of instruments550+1,300+
FeaturesDemo Account, Negative Balance Protection, Segregated Funds, Islamic Account, Copy Trading, Scalping Allowed, Hedging Allowed, EAs / Algo TradingDemo Account, Islamic Account, Copy Trading, Scalping Allowed, Hedging Allowed, EAs / Algo Trading, Free VPS, Negative Balance Protection, Segregated Funds, Investor Compensation
RegulatorsCySEC, ASIC, FSCA, FSC (BZ)FCA, ASIC, BaFin, CySEC, DFSA, CMA, SCB
License numbersCySEC 331/17, ASIC AFSL 426359, FSCA FSP 50885ASIC AFSL 414530, FCA FRN 684312, CySEC 388/20, DFSA F004356, CMA 128, SCB SIA-F217
Restricted countriesUSA, Canada, Japan, IranUSA, Canada, Belgium
Deposit methodsBank Transfer, Credit/Debit Card, Skrill, Neteller, Crypto, Perfect Money, Local Bank Transfer, SticpayBank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller, Apple Pay, Google Pay, UnionPay
Withdrawal processing time15–20 minutes for e-walletsSame day for most methods
Deposit / withdrawal feesNo deposit feesNo deposit or withdrawal fees (except some international wires)
Account base currenciesUSD, EURUSD, EUR, GBP, AUD, CAD, CHF, JPY, SGD, HKD, NZD
Support channelsLive Chat, Email, Phone, Telegram, WhatsAppLive Chat, Email, Phone
Support hours24/724/5
Support languages—English, Chinese, Spanish, German, Arabic, Thai
Pros
  • Very low $5 minimum deposit
  • Leverage up to 1:3000 (offshore)
  • Fast e-wallet withdrawals
  • Frequent promotions and loyalty program
  • 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
  • Single account type for most clients
  • High leverage increases risk
  • Limited research tools
  • Customer support is not 24/7
  • Smaller stock CFD range than some multi-asset brokers
  • Not available to US clients