EightCap and Pepperstone face off in cost, platform access, and trader protection. The tension centers on regulatory reach and platform breadth.
Find out which broker best suits your trader profile.
Choose if…
Choose EightCap if you value a Razor ECN option and no minimum deposit on the Standard account.
Choose if…
Choose Pepperstone if you want broader regulation and IRESS alongside MT4/MT5/cTrader/TradingView.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 4.3/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.4 / 5 | 4.8 / 5▲ |
Pros
MT4, MT5, cTrader, and TradingView all available on one account
Capitalise.ai code-free automation included at no extra cost
ASIC (391441) and FCA (921296) dual regulation
Razor account: raw EUR/USD from 0.0 pips at $7 round-turn commission
No minimum deposit on Standard account
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | EightCap | Pepperstone |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: EightCap rates 4.3/5 and Pepperstone rates 4.7/5. Pepperstone has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Both EightCap and Pepperstone start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
Pepperstone has no minimum deposit, while EightCap requires at least $100. This makes Pepperstone more accessible for traders with limited starting capital.
Both EightCap and Pepperstone hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: Pepperstone has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
EightCap lists maximum leverage of 500:1, while Pepperstone lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Both EightCap and Pepperstone charge the same commission of $7 per lot on applicable accounts.
EightCap supports TradingView, cTrader, MetaTrader 4, MetaTrader 5, while Pepperstone supports IRESS, TradingView, cTrader, MetaTrader 4, MetaTrader 5. Both provide TradingView and cTrader and MetaTrader 4 and MetaTrader 5. Pepperstone has exclusive access to IRESS.
Both brokers offer spreads from 0.00 pips.
Pepperstone wins for safety & regulation due to FCA, ASIC, CySEC, BaFin, and DFSA coverage.
Pepperstone leads with a strong active-trader rebate program.
Both brokers offer equivalent ECN conditions including raw spread accounts, commissions, and spread levels.
Pepperstone offers IRESS plus MT4/MT5/cTrader/TradingView for broad platform options.
Pepperstone provides more instruments, 1200 versus 800.
Fees & Spreads 30% weight | 4.6 / 5 | 4.8 / 5▲ |
|---|
Platforms & Tools 20% weight | 4.5 / 5 | 4.6 / 5▲ |
|---|
Customer Support 10% weight | 4.2 / 5 | 4.6 / 5▲ |
|---|
| Founded | 2009 | 2010 |
|---|
| Headquarters | Melbourne, Australia | Melbourne, Australia |
|---|
| Min Deposit | $100 | No minimum▼ lower |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $7/lot | $7/lot |
|---|
| 0.7 pips | 0.7 pips |
| Max Leverage | 500:1 | 500:1 |
|---|
| Inactivity Fee | $10/month (after 12 months) | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerCrypto | Bank transferCredit cardDebit cardPayPalSkrill |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerCrypto | Bank transferCredit cardPayPalSkrill |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC FCA SCB | ASIC CySEC FCA DFSA BaFin FMA |
|---|
| Platforms | TradingView cTrader MetaTrader 4 MetaTrader 5 | IRESS TradingView cTrader MetaTrader 4 MetaTrader 5 |
|---|
| Active bonuses |
|---|
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
FCA, ASIC, BaFin, CySEC, DFSA licensed
Razor account: tight spreads + transparent commission
TradingView + MT4 / MT5 / cTrader
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
$100 minimum on Razor ECN account
Shorter public track record than IC Markets or Pepperstone
Research and educational content thinner than larger peers
Not available to US residents
No proprietary platform
Cons
Not available to US residents
No proprietary platform
Pepperstone is the overall winner on editorial score, backed by its higher score and broader regulator footprint, versus EightCap.
Dig deeper into each broker’s features, fees, and regulation.
Score 4.3 / 5
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