FXChoice vs Pepperstone
FXChoice or Pepperstone – which is better for UK traders 2024? Compare FXChoice and Pepperstone in this detailed breakdown of their platforms, features and fees.
FXChoice | Pepperstone |
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FXChoice is ranked #97 among CFD brokers. | Pepperstone is ranked #7 among CFD brokers. |
FXChoice has closed or no longer accepts UK clients.
FXChoice is a Belize-based broker established in 2010 and registered with the Financial Services Commission (FSC). The brand offers a wide selection of markets including crypto, plus the familiar MT4 and MT5 platforms. FXChoice stands out for its extra tools and perks, from LearnFx EAs to a VPS and Myfxbook's AutoTrade. New users can also claim a welcome bonus upon sign-up. |
Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for traders at all levels. |
CFDs and FX 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. | |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
No | Yes |
Instruments | |
CFDs, Forex, Indices, Commodities, Cryptocurrencies, Shares | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto(only Pro clients), Spread Betting |
Bonus | |
50% Welcome Deposit Bonus | |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$100 | $0 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
FSC | FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB |
Mobile Apps | |
iOS & Android | iOS & Android |
Trading App | |
MT4 and MT5 apps are available to download form the Apple and Google Play stores. Both applications offers one-click trading, advanced charts and graphs, built-in support, plus instant and pending order types. MT4 is best suited to forex beginners while MT5 will meet the needs of experienced FX traders. |
Pepperstone excels for its excellent integration with the MT4, MT5, cTrader, and TradingView apps, making it a standout option for traders familiar with these leading third-party trading solutions. Despite the absence of a proprietary app, these platforms deliver a stable and reliable mobile trading experience, enhanced by Pepperstone’s almost unrivalled execution speeds and wide range of asset classes. |
iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
MetaTrader 4 | |
Yes | Yes |
MetaTrader 5 | |
Yes | Yes |
cTrader | |
No | Yes |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
No | Yes |
Autochartist | |
No | Yes |
eSignal | |
No | No |
Trading Central | |
No | No |
STP Account | |
No | Yes |
ECN Account | |
Yes | Yes |
DMA Account | |
No | Yes |
MAM Account | |
Yes | Yes |
PAMM Account | |
No | Yes |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | Yes |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | Yes |
Market Maker | |
Yes | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
Yes | Yes |
Copy Trading Platform | |
FXChoice has partnered with Myfxbook AutoTrade to offer copy trading to all account holders. You can find and follow the strategies of multiple traders with straightforward account management. MQL5 signals can also be used to inform buy or sell decisions. | Pepperstone facilitates the replication of experienced traders' strategies through MetaTrader Signals and DupliTrade. However, it lacks support for cTrader Copy and does not offer a proprietary social trading network similar to those found on platforms like eToro or Vantage, which foster lively social trading communities for aspiring traders. |
Social Trading | |
Yes | No |
Trade Signals | |
Yes - MQL5 | Yes (Via Chartist Software) |
VPS Hosting | |
Yes | Yes |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$0 | |
Islamic Account | |
Yes | Yes |
Account Currencies | |
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Commodities | |
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CFD | |
FXChoice offers highly leveraged CFD products on a breadth of financial markets, including shares, indices, commodities and crypto. FXChoice provides more supporting tools than many alternatives, including signals, auto trading, a VPS, and a research center. | Pepperstone maintains its position as one of the fastest and most dependable CFD brokers during our latest round of testing. With execution speeds averaging around 30ms and an outstanding fill rate of 99.90%, the broker ensures a seamless trading experience without requotes or dealing desk interference. It also provides ample trading opportunities across over 1,300 assets. |
Leverage | |
1:200 | 1:30 (Retail), 1:500 (Pro) |
FTSE Spread | |
From $18.53 | 1.0 |
GBPUSD Spread< | |
From $8 | 0.4 |
Oil Spread | |
From $40 | 2.5 |
Stocks Spread | |
Variable | 0.02 |
Forex | |
Trade 36 forex pairs, including the EUR/USD with spreads from zero pips. FXChoice offers higher leverage on forex than most competitors, alongside 24/5 support and an accessible $10 starting deposit. | Pepperstone offers ultra-competitive forex spreads averaging 0.12 pips on EUR/USD in the Razor account, accompanied by a diverse portfolio comprising 100+ currency pairs - an extensive selection surpassing most competitors. Additionally, Pepperstone distinguishes itself by offering three currency indices (USDX, EURX, JPYX), not commonly found among alternative platforms. Pepperstone has now won our annual 'Best Forex Broker' award twice. |
Assets | |
36 | 100+ |
GBPUSD Spread | |
From $8 | 0.4 |
EURUSD Spread | |
From $5 | 0.1 |
EURGBP Spread | |
From $6.95 | 0.4 |
Currency Indices | |
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Cryptocurrency | |
FXChoice offers trading on leading crypto cross pairs with the US Dollar. The selection of digital assets is narrow but spreads are tight starting at 0.15. | Pepperstone continues to prove itself as one of the most trusted crypto brokers. Although its selection of digital tokens is average, you can trade popular cryptos like Bitcoin and altcoins like Ripple with up to 1:10 leverage, while its crypto indices provide a holistic view of the digital currency markets not found on most trading platforms. |
Spread | |
0.11 - 3.0 pips | BTC 30, ETH 0 |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
Yes | No |
FXChoice | Pepperstone |
CFDs and FX 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. | |
More Comparisons | |
FXChoice vs |
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