Home page -> Comparison -> Pepperstone vs XM Broker Reviews | Broker Comparison

Title Pepperstone vs XM Broker Reviews | Broker Comparison

Compare Pepperstone with XM, forex broker reviews.

These are two brokers we really like, having used both of these broker platforms extensively over the last few years we have learned some good things about both the platforms and how the brokers work. If you are after more detailed analysis both brokers are covered in detail in our broker reviews section.

XM and Pepperstone are trusted and safe forex brokers, both are highly regulated and transparent with their fees and pricing options. Here are some of the pros and cons.

XM Broker Review

  • Meta Trader MT4 and MT5 platforms
  • Excellent and engaging research materials
  • Negative Balance Protection
  • A global outlook – regulatory framework includes ASIC and CySec
  • Automated trading via MetaTrader

 

XM broker review features

XM operates globally and has over 2,500,000 clients. Founded in 2009 their growth has been largely driven by doing the simple things well. In a very competitive sector, the XM group have thrived by offering a high-level service and providing it within a straight forward framework. Read our full review

Summary Review:

XM’s global popularity is based off them providing their clients with a high quality trading experience. The much loved Meta Trader platforms are an ideal route into the markets. It’s the most used retail trading platform in the world so ticks most boxes for most people.

The trading experience is excellent and in some markets the XM Group are very competitive with their pricing.  Across the board they would be described as in line with their peer group in terms of fees and commissions. There are a host of additional extras which will appeal to many traders. Negative Balance Protection is provided, the trade execution policy is on the side of the client and the research and educational materials are engaging and comprehensive in nature.

The number of non-forex markets available will be sufficient for the vast majority of traders though some might find the coverage isn’t quite extensive enough. Some domiciles don’t support Crypto trading and there are a few, negative marks in terms of the regulatory structure.

The Demo account does not have a time limit and is free to use as a result this means it is easy to try out the XM Group service and find out just how convenient and client focused it is. We hope you have found our XM review useful?  If you have any experience of XM please share it below to help other traders make an informed choice.

Pepperstone Broker Review

  • Market-leading trading commissions
  • Excellent market flow
  • Very strong in forex markets
  • Various methods of automated trading are possible

 

Pepperstone Forex Brokers - Broker review

Pepperstone is a fully regulated Australian broker able to service traders in many countries. They have an agile approach and global reach.  Founded in 2010 by a group of traders, its stated aim is to make the trading experience just what a trader would want it to be. They focus on offering trading that is cost-effective, fast and convenient. Our Pepperstone review will test all aspects of Pepperstone offering, from platform to customer service.  We will give you the info you need to decide if they are the Broker for you. Read our full review

Summary Review:

Pepperstone are particularly strong in the forex markets.  Some of their bid-offer spreads are as tight as zero. Trade liquidity levels are high quality due to the direct access relationships the broker has set up in the market and the technical infrastructure it employs. This means trade execution is low-cost, fast and reliable. The trading interface into the markets has the feel of an institutional grade broker.

The firm has made less of a commitment to non-forex markets. These are covered, but only to a minimal extent, possibly as a way to offer forex traders a hedging position in a different asset class. Another less positive aspect of the service is the limited nature of the Negative Balance Protection and absence of Guaranteed Stop Losses. The mechanics of the markets mean that a broker that operates so far into the heart of the market can only offer limited protection to clients. As a result execution risk sits with the client and market gaps could prove costly. Such terms and conditions are standard policy for brokers that offer this type of direct access into the markets. Traders make a choice according to their preferences and it’s just important that the choice is an informed one.

To their credit Pepperstone have demonstrated they are aware of the issue around negative balance protection and designed some kind of framework to try to manage it but there is still a risk to measure and manage. For full details visit our detailed broker reviews section.

The research and learning resources are plentiful and useful though concentrate on forex markets. One positive is they are tailored to educate and inform more advanced traders and not just get beginners up and running. The regulatory framework and customer services are also up there with the best in the sector.

Basic Information

Year Founded

First broker:

2010

Second broker:

2009

Headquarters Location

First broker:

UK

Second broker:

Cyprus

Publicly Traded (Entity or Parent)

First broker:

Pepperstone Limited

Second broker:

Trading Point Holdings Ltd

Regulated?

First broker:

Yes

Second broker:

Yes

Primary Regulator

First broker:

FCA

Second broker:

FCA

Minimum Deposit

First broker:

$200

Second broker:

$5 USD

Fixed Spreads?

First broker:

Variable

Second broker:

Variable

Trading Type

First broker:

FX, CFD, Equities

Second broker:

All

Commissions on Trades

First broker:

0%

Second broker:

Zero

CFD Loss Rate

First broker:

76.5%

Second broker:

73.57%

Maximum Leverage

First broker:

1:300 Pro

Second broker:

1:888 Pro

Currency Pairs Offered

First broker:

All

Second broker:

All

General Average Rating - 3 scale

First broker:

3

Second broker:

3

Customer Support

Value

Score

Value

Score

Live Chat, Web, Tele, Offices

First broker:

Chat, Email, Phone

Second broker:

Responsiveness

First broker:

High

90

Second broker:

FAQs? Quality?

First broker:

Very Good

90

Second broker:

Summary Score

First broker:

90

Second broker:

General Pros & Cons

Value

Score

Value

Score

Pro #1

First broker:

Lower spreads and powerful platforms

89

Second broker:

Meta Trader MT4 and MT5 platforms

95

Pro #2

First broker:

FCA regulated

100

Second broker:

Excellent and engaging research materials

100

Pro #3

First broker:

Spread bet and trade CFDs on a wide range of instruments including FX, indices and commodities

100

Second broker:

Negative Balance Protection

100

Con #1

First broker:

Limited range of non-forex products

30

Second broker:

Limited Crypto offering

65

Con #2

First broker:

Guaranteed stop losses not available.

10

Second broker:

Pricing at times wider than it might be

45

Con #3

First broker:

Mobile trading app could be improved

50

Second broker:

A mediocre number of markets to trade

40

Summary Score

First broker:

75

Second broker:

78

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