How do Pepperstone and FXCC stack up against each other?
The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.
At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.
To compare Pepperstone and FXCC, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.
Does Pepperstone or FXCC have a better trust and regulation rating?
Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.
In our comparison, we found that Pepperstone holds four Tier 1 and no Tier 2 licences, and FXCC holds one Tier 1 and no Tier 2 licences.
Is Pepperstone financially regulated?
Yes Pepperstone was founded in 2010 and is regulated by ASIC, BaFin, CMA, CySEC and FCA.
Is FXCC financially regulated?
Yes FXCC was founded in 2010 and is regulated by CySEC.
Based on these findings, Pepperstone earned a higher trust rating than FXCC.
Does Pepperstone or FXCC have lower costs?
Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged.
Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that FXCC has overall lower trading costs than Pepperstone.
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Does Pepperstone or FXCC offer a better choice of trading platforms?
Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms.
In this case, Pepperstone offers support for cTrader, MT4, MT5 and TradingView and FXCC offers support for MT4.
Do the brokers offer copy trading?
Copy trading is a great option for beginner traders who can’t trade full-time or lack experience with Forex trading. In this case both FXCC and Pepperstone offer copy trading.
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Which broker offers a better choice of trading instruments?
A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that Pepperstone offers a greater range and depth of instruments to trade than FXCC. Pepperstone offers 90 Forex pairs to trade and FXCC offers 71 Forex pairs to trade.
And what about Cryptocurrencies?
In this case, Pepperstone offers 30 cryptocurrencies while FXCC offers 14 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with Pepperstone.
Which broker offers better deposit and withdrawal processes?
Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals.
We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that neither FXCC nor Pepperstone charges a withdrawal fee. Overall, Pepperstone has better deposit and withdrawal processes than FXCC.
Which broker offers better educational support?
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.
FXCC and Pepperstone both have moderate educational support. Both FXCC and Pepperstone offer educational support for more experienced traders.
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Which broker offers better market analysis materials?
To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field.
We found that Pepperstone offers better research analysis than FXCC and that both FXCC and Pepperstone offer frequent webinars.
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Our overall Verdict on Pepperstone
One of our highest rated brokers for South African traders, Pepperstone was founded in Australia in 2010 and is globally renowned for its low trading costs and choice of trading platforms. Pepperstone keeps costs low with some of the tightest spreads we've seen, starting at 1.00 (EUR/USD) on its Standard Account. For those who prefer classic ECN trading, the Razor Account has low commissions and spreads averaging at just 0.10 pips on the EUR/USD. Neither account has a required minimum deposit.
Despite the low costs, we are disappointed with Pepperstone's complicated commission structure and lack of FSCA regulation. But more experienced traders will appreciate Pepperstone’s trading platform options, including MT4, MT5, and cTrader, which integrates seamlessly with the TradingView tool. All are available on desktop and mobile devices. Pepperstone’s education section is not the most extensive we’ve seen, but it is competent and well-structured, making it a good place to start for beginner traders.
Our overall Verdict on FXCC
Established in 2010, FXCC appeals to MT4 traders looking for excellent trading conditions on a single live account. However, FXCC offers a limited range of tradable instruments compared to its peers.
FXCC offers a single live commission-free account with no minimum deposit requirements and spreads that average at 0.60 pips (EUR/USD), which is tighter than other brokers. Trading platform choice is limited to MT4 but is available on multiple devices as well as major web browsers. FXCC also lacks trading tools, but free VPS hosting is offered for traders who maintain an account balance of 2500 USD or trade over 30 lots per month.
Apart from the wide selection of Forex pairs (70+), FXCC has a disappointing range of CFDs. This is mostly down to the fact that trading is only available on the MT4 platform. It also provides a limited range of educational and market analysis materials and has a demo account that expires in 30 days, making it a poor choice for beginner traders.
Which broker has the highest overall rating?
Pepperstone has an overall rating of 4.61 and FXCC has an overall rating of 3.88. For more detail please read our reviews of
Pepperstone and
FXCC.
