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FXCM vs Pepperstone

FXCM or Pepperstone – which is better for UK traders 2025? Compare FXCM and Pepperstone in this detailed breakdown of their platforms, features and fees.

FXCM vs Pepperstone Comparison Table 2025
FXCM	Pepperstone

4	4.8
FXCM is ranked #24 among CFD brokers.	Pepperstone is ranked #1 among CFD brokers.
Review	Review
FXCM, a reputable forex and CFD broker founded in 1999, is headquartered in the UK. It has garnered multiple accolades and operates in several regions, including the UK and Australia. Offering more than 400 assets and comprehensive analysis tools without any commission charges, FXCM is a favoured option among traders. The broker is also under the regulation of leading bodies such as the FCA, ASIC, CySEC, FSCA, and BaFin.	Founded in Australia in 2010, Pepperstone is a highly regarded broker specialising in forex and CFDs. Serving more than 400,000 clients globally, it provides access to over 1,300 financial instruments through popular platforms like MT4, MT5, cTrader, and TradingView. Its fee structure is both low and transparent. With regulation by reputable bodies such as the FCA, ASIC, and CySEC, Pepperstone guarantees a safe trading environment for traders at every level.
	CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.1% of retail investor accounts lose money when trading CFDs.
Pros
In addition to its four charting platforms, FXCM provides a superior selection of specialist software for seasoned traders, featuring QuantConnect, AgenaTrader, and Sierra Chart. The proprietary Trading Station platform is an excellent option for traders seeking a comprehensive tool for their short-term and automated strategies. Traders have access to premium tools such as a market scanner, forex signals, and research from the third-party site eFXPlus. FXCM boasts a strong international reputation, holding licences from the FCA, ASIC, CySEC, and FSCA. With two decades of experience, it commands respect in the trading industry. A variety of funding options, such as bank cards, Apple Pay, and PayPal, are available with immediate processing. The broker provides reduced spreads and additional benefits for seasoned traders through the Active Trader account. FXCM has broadened its trading options by offering stock CFDs via MetaTrader 4.	Pepperstone offers rapid execution speeds of approximately 30ms, enabling swift order processing and execution, making it ideal for traders. Support for top-tier charting platforms such as MT4, MT5, TradingView, and cTrader. These tools accommodate different short-term trading methods, including algorithmic trading. In recent years, Pepperstone has significantly enhanced the deposit and withdrawal process. By 2025, clients can use Apple Pay and Google Pay, while 2024 saw the introduction of PIX and SPEI for customers in Brazil and Mexico. Pepperstone presents itself as an economical choice for traders, offering spreads as low as 0.0 in its Razor account. The Active Trader programme provides rebates up to 30% on indices and commodities, plus $3 per lot on forex. Over the years, Pepperstone has consistently garnered recognition from DayTrading.com’s annual awards. Recently, it was honoured as the 'Best Overall Broker' in 2025 and was the 'Best Forex Broker' runner-up the same year. The award-winning customer support can be accessed through phone, email, or live chat. During tests, response times have consistently been under 5 minutes. Pepperstone now offers spread betting via TradingView, delivering a streamlined and tax-efficient trading experience with sophisticated analytical tools.
Cons
While FXCM primarily caters to seasoned traders, the absence of managed accounts is unfortunate. There are no retail account options available for traders, and Cent/Micro account alternatives are also absent. The live chat support is often sluggish and inconsistent when compared to leading competitors.	Pepperstone's demo accounts expire after 30 days, which may not provide sufficient time to explore various platforms and evaluate trading strategies. Pepperstone doesn't offer cTrader Copy, a favoured feature for copying trades found in the cTrader platform, which is available on other platforms such as IC Markets. However, Pepperstone has launched its own user-friendly copy trading app. Although its market range has improved, its crypto offerings remain limited compared to brokers specialising in this sector, lacking real coin investment options.
Awards
	Best Overall Broker - DayTrading.com 2025 Best Forex Broker Runner Up - DayTrading.com 2025 Best Trading App Runner Up - DayTrading.com 2025 Best MT4/MT5 Broker Runner Up - DayTrading.com 2025 Best TradingView Broker Runner Up - DayTrading.com 2025 Best Forex Broker - DayTrading.com 2024 Best Overall Broker - DayTrading.com 2023 Best Trading App - DayTrading.com 2022 Best Forex Broker - DayTrading.com 2021
FCA Regulated
Yes	Yes
Instruments
Forex, Stock CFDs, Commodities CFDs, Crypto CFDs	CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto (only Pro clients), Spread Betting
Demo Account
Yes	Yes
Minimum Deposit
$50	$0
Payment Methods
Apple Pay Credit Cards Debit Card Google Pay PayPal Wire Transfer	Apple Pay Credit Cards Debit Card Google Pay Mastercard Neteller PayPal Skrill Visa Wire Transfer
Minimum Trade
Variable	0.01 Lots
Regulator
FCA, CySEC, ASIC, FSCA, BaFin, CIRO	FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
Mobile Apps
iOS and Android	iOS & Android
Trading App
	Pepperstone shines with top-tier integration with MT4, MT5, cTrader, and TradingView, ideal for traders using these major platforms. They offer stable mobile trading, boosted by Pepperstone's rapid execution speeds and extensive asset variety. It recently achieved second place in DayTrading.com's 2025 'Best Trading App' award.
iOS App Rating
3.1	4.4
Android App Rating
4.5	4.1
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	Yes
cTrader
No	Yes
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	Yes
Autochartist
No	Yes
eSignal
No	No
Trading Central
No	No
STP Account
No	Yes
ECN Account
No	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
No	Yes
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	Yes
Copy Trading Platform
FXCM provides social and copy trading options for forex, CFDs, and cryptocurrencies via the widely-used ZuluTrade platform. Registration is swift, and you can monitor your trading outcomes instantly.	Pepperstone offers the replication of skilled traders' strategies via MetaTrader Signals, DupliTrade, and its new proprietary copy trading app, in collaboration with Pelican Trading. This service, available in select regions, grants access to numerous experienced traders and customized risk settings. However, it does not support cTrader Copy, which might discourage traders who prefer Spotware's platform.
Social Trading
Yes	No
Trade Signals
	Yes (Via Chartist Software)
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
Yes	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP AUD	USD EUR GBP CAD AUD NZD JPY CHF HKD SGD
Commodities
Gold Oil Silver Cannabis Corn Copper	Gold Silver Oil Corn Palladium Precious Metals Platinum Copper Gasoline Cocoa Coffee Cotton Livestock Sugar Wheat Natural Gas Soybeans Orange Juice Aluminium Nickel Zinc
CFD
You can engage in trading various CFD instruments, such as forex, shares, indices, and commodities. Traders have access to a superb choice of platforms, including TradingView and MT4. Additionally, advanced trading tools like API solutions cater to experienced algorithmic traders.	In our recent assessment, Pepperstone remains a top-tier CFD broker, renowned for its speed and reliability. With execution times averaging 30ms and a remarkable 99.90% fill rate, traders benefit from a smooth experience free from requotes and dealing desk disruptions. Additionally, it offers extensive opportunities with access to more than 1,300 assets.
Leverage
1:400	1:30 (Retail), 1:500 (Pro)
FTSE Spread
1.18 pts var*	1.0
GBPUSD Spread<
0.5 pips*	0.4
Oil Spread
0.05 (var)*	2.5
Stocks Spread
0.2% Var*	0.02
Forex
FXCM provides a selection of over 40 currency pairs. There are no commission charges, and spreads are competitive, starting at 0.78 pips for EUR/USD. Additionally, the broker features three forex baskets, focusing on USD, Yen, and emerging market benchmarks.	Pepperstone provides forex spreads on the EUR/USD averaging just 0.12 pips with their Razor account. This is highly competitive. Their extensive portfolio includes over 100 currency pairs, which exceeds what most rivals offer. Furthermore, Pepperstone stands out by offering three unique currency indices: USDX, EURX, and JPYX, which are rare on other platforms. They have been recognised with our 'Best Forex Broker' award twice.
Assets
40	100+
GBPUSD Spread
0.5 pips var*	0.4
EURUSD Spread
0.2 pips var*	0.1
EURGBP Spread
0.5 pips var*	0.4
Currency Indices
JPY	USD EUR JPY
Cryptocurrency
Trade popular digital currencies with no commission and leverage. FXCM offers a crypto basket, providing exposure to Bitcoin, Ethereum, Litecoin, and Bitcoin Cash in a single trade.	Pepperstone remains a highly reputable crypto broker. Despite an average range of digital currencies, traders can access popular options like Bitcoin and altcoins such as Ripple with leverage up to 1:10. Its crypto indices offer comprehensive insights into digital currency markets, a feature unmatched by many other platforms.
Spread
Variable	BTC 30, ETH 0
Coins
BTC ETH LTC BTC	BCH BTC ETH LTC DASH ADA LINK DOGE EOS DOT XRP XLM XTZ UNI BNB
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

FXCM	Pepperstone
Review	Review
	CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.1% of retail investor accounts lose money when trading CFDs.
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