Pepperstone alternatives and closest competitors

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The best alternatives to Pepperstone are

  1. IC Markets - Global forex broker

  2. Axi - Australian forex broker

  3. TMGM - Global forex broker

  4. Eightcap - Global forex broker

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What makes a good Pepperstone alternative?

 

To answer the question, we looked at brokers that have a similar profile and product portfolio to Pepperstone's.

Pepperstone is recommended for forex traders looking for a great account opening and customer service so we selected alternatives with similar characteristics.

  • IC Markets is recommended for forex and CFD traders who value easy account opening and free deposit/withdrawal options

  • Axi is recommended for forex traders familiar with the MetaTrader 4 platform

  • TMGM is recommended for forex traders who prefer the MetaTrader platform

  • Eightcap is recommended for forex traders who prefer the MetaTrader platform

Let's see in a bit more detail how these Pepperstone alternatives compare to Pepperstone and each other:

  Pepperstone IC Markets Axi TMGM Eightcap
Overall score 4.5 4.5 4.4 4.4 4.4
Fees score 4.4 stars 4.5 stars 4.2 stars 4.6 stars 4.5 stars
Account opening score 5.0 stars 5.0 stars 4.2 stars 5.0 stars 5.0 stars
Deposit and withdrawal score 4.3 stars 4.9 stars 4.4 stars 4.3 stars 4.5 stars
Web platform score 2.8 stars 2.8 stars 2.8 stars 2.8 stars 3.1 stars
Markets and products score 2.2 stars 2.3 stars 2.1 stars 2.2 stars 1.8 stars

 

What is the right methodology of comparing alternatives?

 

Our team of experts uses close to 500 data points per broker to evaluate their performance based on our proprietary methodology.

 

What to look out for when checking Pepperstone alternatives?

 

Fees. Pepperstone is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost alternative.

Account opening. At Pepperstone, account opening is super easy; your account will be up and running on the same day you registered. We looked at alternatives that offer the same speed. 

Deposit/withdrawal. You can make a deposit with a credit card at Pepperstone, this might not be the case at each of its alternatives.
Safety. Pepperstone is regulated by several top-tier authorities. We selected alternatives that fall under a similarly rigurous regulatory scrutiny. 

 

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Further reading:

Author of this article

Márton Oláh

Author of this article

Márton Oláh, MSc has been a macro and value investor of stocks for 10 years on his own account. Since 2020 he has been trading options and volatility as well. Márton has founded a venture capital backed company and led it for 8 years before professionally turning to finance therefore is an expert in interpreting company reports.

Márton Oláh

Strategic Advisor

Márton Oláh, MSc has been a macro and value investor of stocks for 10 years on his own account. Since 2020 he has been trading options and volatility as well. Márton has founded a venture capital backed company and led it for 8 years before professionally turning to finance therefore is an expert in interpreting company reports.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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