Compare Pepperstone vs XM


Online brokers compared for fees, trading platforms, safety and more. See how Pepperstone stacks up against XM!

Pepperstone vs XM
overall rating
4.4
4.4
overall pros
  • Fast and fully digital account opening
  • Great customer service
  • Seamless and free deposit and withdrawal
  • Low CFD and withdrawal fees
  • Easy and fast account opening
  • Great educational tools
overall cons
  • Only forex and CFDs
  • Basic news flow
  • No investor protection for non-EU client
  • Limited product portfolio
  • Average forex fees
  • No investor protection for non-EU clients
fees
3.7
  • No withdrawal fee
  • No inactivity fee
  • High costs for holding positions overnight
3.5
  • No withdrawal fee
  • Low CFD fees
  • Inactivity fee
  • Average FX fees
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
4.3
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • High bank withdrawal fee for clients outside the EU/Australia
5.0
  • Credit/Debit card available
  • Several account base currencies
  • Free wire withdrawal above $200
web trading platform
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Outdated design
  • Search function could be better
markets and products
1.7
  • Forex
  • CFD
  • Crypto
2.5
  • Forex
  • CFD
  • Real stocks for clients under Belize (IFSC)
research
3.3
  • Trading ideas
  • Daily market analysis
  • Newsflow is basic within MetaTrader
  • No fundamental data available
4.4
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.0
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos and webinars
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Negative balance protection
  • Regulated by the top-tier ASIC
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Forex traders looking for great account opening and customer service Forex and CFD traders who prefer MetaTrader platforms and seek great account opening
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