CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Forex.com vs Pepperstone – Which Broker Should You Trust in 2025?

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Forex.com and Pepperstone are among the top-rated brokers in the forex and CFD trading world. Each broker brings unique advantages in terms of regulation, spreads, trading tools, and market access. If you’re a trader evaluating which broker aligns better with your goals in 2025, this comprehensive analysis will help you make a confident decision.

Company Background

Forex.com has been serving global traders since 2001 and operates under the financial umbrella of StoneX Group Inc., a publicly traded financial giant in the U.S.

Pepperstone, founded in 2010 in Melbourne, Australia, quickly gained global traction due to its razor-sharp spreads and fast execution infrastructure.

FeatureForex.comPepperstone
Founded20012010
HeadquartersUSAAustralia
RegulationCFTC, FCA, ASIC, IIROC, CySECASIC, FCA, DFSA, BaFin, CMA, CySEC
Parent CompanyStoneX Group (NASDAQ: SNEX)Independent
Clients Served300,000+ globally400,000+ globally

Regulation and Trust

Forex.com is regulated by top-tier financial watchdogs including:

  • CFTC/NFA (USA)
  • FCA (UK)
  • ASIC (Australia)
  • IIROC (Canada)
  • CySEC (Cyprus)

Pepperstone is also heavily regulated, with licenses from:

  • ASIC (Australia)
  • FCA (UK)
  • DFSA (Dubai)
  • BaFin (Germany)
  • CMA (Kenya)
  • CySEC (Cyprus)

Both brokers offer solid regulatory protections. Forex.com has U.S. regulatory coverage, while Pepperstone extends its reach into the Middle East and Africa.

Platforms Offered

Forex.com supports:

  • MetaTrader 4 (MT4) and MetaTrader 5 (MT5)
  • Advanced Trading Platform (Desktop)
  • WebTrader
  • TradingView integration
  • Mobile apps

Pepperstone provides:

  • MetaTrader 4 and MetaTrader 5
  • cTrader
  • TradingView
  • Capitalise.ai (no-code automation)
  • Mobile and web platforms

While Forex.com is ideal for traders who want advanced analytics, Pepperstone has the edge in automation with Capitalise.ai and additional platform variety with cTrader.

Tradable Instruments

Instrument TypeForex.comPepperstone
Forex Pairs80+60+
IndicesYesYes
CommoditiesYesYes
Stocks (CFDs)YesYes
ETFsYes (CFDs)Yes (limited CFDs)
CryptocurrenciesYesYes
BondsNoNo

Forex.com offers slightly broader exposure with more forex pairs and ETF CFDs, while Pepperstone covers all essentials with a strong crypto offering.

Account Types and Fees

Forex.com:

  • Standard Account
  • Commission Account (RAW spreads)
  • DMA Account
  • Islamic Account
  • Minimum deposit: $100

Pepperstone:

  • Standard Account
  • Razor Account (RAW spreads)
  • Islamic Account
  • Minimum deposit: $0 (recommended $200)
Fee TypeForex.comPepperstone
Standard SpreadFrom 1.0 pipFrom 1.0 pip
RAW SpreadFrom 0.2 pip + $5/lotFrom 0.0 pip + $3.5/lot
CommissionsYes (RAW & DMA accounts)Yes (Razor account)
Deposit/Withdrawal FeeNoneNone
Inactivity FeeYes (after 12 months)Yes (after 6 months)

Pepperstone stands out with ultra-low RAW spreads and no minimum deposit, while Forex.com offers more account variety and DMA access for professionals.

Leverage and Margin

RegionForex.comPepperstone
UK/EU Retail1:301:30
U.S. Clients1:50Not accepted
Global ClientsUp to 1:200Up to 1:500

Pepperstone allows higher leverage globally, which is attractive to aggressive traders outside strict jurisdictions. Forex.com maintains safer leverage standards with broader compliance coverage.

Research and Tools

Forex.com provides:

  • Autochartist
  • Trading Central
  • Strategy optimizer
  • Webinars and market insights
  • Integrated TradingView

Pepperstone offers:

  • Capitalise.ai (no-code strategy automation)
  • TradingView integration
  • Economic calendar
  • Smart Trader Tools (MT4 add-ons)
  • Webinars and trading guides

Forex.com leads with institutional research tools, while Pepperstone caters well to automation and customization enthusiasts.

Mobile Trading Experience

Forex.com’s mobile app offers:

  • Fast execution
  • Customizable layouts
  • Real-time news and alerts
  • TradingView sync

Pepperstone’s mobile app delivers:

  • Seamless MT4/MT5 and cTrader access
  • Integrated Capitalise.ai
  • Clean interface for fast execution

Both provide excellent mobile platforms, with Pepperstone standing out in no-code automation and Forex.com in advanced analytics.

Customer Support

Forex.com:

  • 24/5 multilingual support
  • Phone, email, and live chat
  • U.S.-based and international service

Pepperstone:

  • 24/5 support
  • Multilingual live chat and email
  • Dedicated account managers for higher-tier clients

Both brokers offer responsive and professional customer support. Pepperstone adds more value for traders looking for regional personalization.

Comparison Summary Table

FeatureForex.comPepperstone
RegulationUS, UK, CA, EU, AUAU, UK, UAE, Kenya, Cyprus, Germany
PlatformsMT4, MT5, TradingView, DMAMT4, MT5, cTrader, Capitalise.ai
Minimum Deposit$100$0 (Recommended $200)
Spreads (RAW)From 0.2 pip + $5/lotFrom 0.0 pip + $3.5/lot
Leverage (Global)Up to 1:200Up to 1:500
ETFs and BondsYes (ETFs)Yes (limited ETFs)
Copy/Social TradingNoYes (via third-party integrations)
Ideal ForPro traders, U.S. clientsScalpers, automation & global traders

Forex.com is a strong choice for traders seeking tight regulatory compliance, professional tools, and U.S. market access. Its broad market coverage and analytical tools make it an excellent fit for institutional-style traders.

Pepperstone is best suited for traders who want faster execution, better spreads, and automation tools. It’s also more accessible for global traders outside the U.S., thanks to higher leverage and no minimum deposit requirements.

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