Pepperstone vs Trade Nation
Pepperstone or Trade Nation – which is better for UK traders 2025? Compare Pepperstone and Trade Nation in this detailed breakdown of their platforms, features and fees.
| Pepperstone | Trade Nation |
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| Pepperstone is ranked #1 among CFD brokers. | Trade Nation is ranked #13 among CFD brokers. |
| 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. | Trade Nation is a leading FX and CFD broker regulated in the UK and Australia, among other places. The company provides competitively priced fixed and variable spreads on over 1,000 assets. Traders benefit from advanced platforms and comprehensive training materials. Additionally, the Signal Centre offers valuable trade ideas. |
| 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. | 67.3% of retail investor accounts lose money when trading CFDs with this provider. |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| Yes | Yes |
| Instruments | |
| CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto (only Pro clients), Spread Betting | Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Spread Betting, Cryptos (Bahamas Entity Only) |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $0 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.1 Lots |
| Regulator | |
| FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB | FCA, ASIC, FSCA, SCB, FSA |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| Trading App | |
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. These platforms deliver a stable and reliable mobile trading experience, enhanced by Pepperstone’s almost unrivalled execution speeds and wide range of asset classes. Recent improvements also helped it secure second place in DayTrading.com’s annual ‘Best Trading App’ award for 2025. |
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| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| Yes | No |
| cTrader | |
| Yes | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| Yes | No |
| Autochartist | |
| Yes | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | No |
| STP Account | |
| Yes | Yes |
| ECN Account | |
| Yes | No |
| DMA Account | |
| Yes | No |
| MAM Account | |
| Yes | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| Yes | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| No | Yes |
| 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 | |
| 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. | Trade Nation Seychelles provides signals and copy trading, appealing to novices and those preferring a passive trading strategy. Capitalise on experienced traders' insights to engage in popular financial markets like forex, stocks, and commodities. |
| Social Trading | |
| No | No |
| Trade Signals | |
| Yes (Via Chartist Software) | Yes |
| VPS Hosting | |
| Yes | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | $0 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| 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. | Trade leveraged CFDs on 1,000+ assets, benefiting from competitive spreads. Utilise the broker's integrated signals to decide optimal entry and exit points. |
| Leverage | |
| 1:30 (Retail), 1:500 (Pro) | 1:500 (entity dependent) |
| FTSE Spread | |
| 1.0 | From 0.4 |
| GBPUSD Spread< | |
| 0.4 | From 0.6 |
| Oil Spread | |
| 2.5 | From 3.0 |
| Stocks Spread | |
| 0.02 | Variable |
| Forex | |
| 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. | Trade Nation provides more than 30 popular forex pairs with variable spreads. Traders can choose between a user-friendly proprietary platform and MetaTrader 4. Real-time forex market updates and insights are available through 'Smart News'. |
| Assets | |
| 100+ | 33 |
| GBPUSD Spread | |
| 0.4 | Variable |
| EURUSD Spread | |
| 0.1 | Variable |
| EURGBP Spread | |
| 0.4 | Variable |
| Currency Indices | |
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| Cryptocurrency | |
| 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. | The broker’s Bahamas entity facilitates access to cryptocurrencies. Traders can utilise a vast array of indicators to customise their strategies, with transparent pricing and no hidden fees. |
| Spread | |
| BTC 30, ETH 0 | Fixed |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Pepperstone | Trade Nation |
| 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. | 67.3% of retail investor accounts lose money when trading CFDs with this provider. |
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