Two brokers are compared on regulation depth, stock access, and support choices. The setup highlights where their paths diverge.
FXTM and Pepperstone are closely matched, with Pepperstone offering access to more exchanges (8 vs 6) as the clearest differentiator.
Find out which stock broker best suits your investing profile.
Choose FXTM if…
Choose FXTM if you value strong regulation and direct phone support.
Choose Pepperstone if…
Choose Pepperstone if you want 24/5 live chat and access to more exchanges.
Which broker wins for each type of stock trader, based on costs, safety, features, and editorial scoring.
Pepperstone wins on safety and regulation with six regulators across jurisdictions.
| Editorial score | 3.7/ 5 | 3.9/ 5 |
|---|---|---|
| Min deposit | No minimum | No minimum |
| Spreads from | 1.5 pips | 0 pips▼ lower |
| Commission / lot | N/A | $7/lot |
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | FXTM | Pepperstone |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, SEC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS, SIPC) | Pass | Pass |
| Costs | ||
| Commission-free trading | Fail | Fail |
| Features | ||
| Fractional shares | Fail | Fail |
| Dividend reinvestment (DRIP) | Fail | Fail |
| Extended hours trading | Fail | Fail |
| IPO access | Fail | Fail |
| Short selling | Pass | Pass |
| Stock screener tool | Fail | Fail |
| Support | ||
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| 24/5 live chat | Fail | Pass |
| Phone support | Pass | Fail |
The scores are close: FXTM rates 3.7/5 and Pepperstone rates 3.9/5. 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.
Pepperstone lists tighter spreads from 0, compared with FXTM's 1.5. For stock trading, also factor in any per-trade or per-share commissions — spreads and commissions together determine the true cost per trade.
Neither FXTM nor Pepperstone requires a minimum deposit, making both accessible regardless of starting capital.
Both FXTM 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, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
FXTM lists maximum leverage of 20:1, while Pepperstone lists up to 20:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Pepperstone charges $7 per trade on commission-based accounts. Commission details for FXTM are not currently available. Check their website for up-to-date pricing. Stock commissions may be charged as a flat rate per trade or per share; confirm the exact structure on each broker's website.
FXTM supports MetaTrader 5, MetaTrader 4, while Pepperstone supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. Pepperstone has exclusive access to cTrader and IRESS and TradingView.
Neither FXTM nor Pepperstone is listed as offering commission-free trading in our data. Compare each broker's commission schedule directly, as fees vary by account type and the markets you trade.
Both FXTM and Pepperstone are covered by a compensation scheme according to our data, providing an additional safety net for your stock investments. Confirm the specific scheme and coverage limit that applies to your account before depositing.
Pepperstone wins for active traders with multiple platforms including cTrader and TradingView.
FXTM wins for beginners through FXTM Invest copy trading and multilingual support.
Pepperstone wins for global market access with more exchanges (8) than FXTM (6).
Pepperstone wins for low trading costs due to transparent share CFD commissions.
Equally matched, as neither offers real ownership or DRIP.
| N/A |
| 0.7 pips |
| Inactivity fee | None | None |
|---|
| Deposit fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerFasaPay | Bank transferCredit cardDebit cardPayPalSkrill |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerFasaPay | Bank transferCredit cardPayPalSkrill |
|---|
| Withdrawal fee | Free | Free |
|---|
| Commission-free | No | No |
|---|
| Fractional shares | No | No |
|---|
| Dividend reinvestment | No | No |
|---|
| Extended hours | No | No |
|---|
| IPO access | No | No |
|---|
| Short selling | Yes | Yes |
|---|
| Regulators | FCA FSCA CySEC FSC | FCA ASIC DFSA FMA BaFin CySEC |
|---|
| Platforms | MetaTrader 5 MetaTrader 4 | cTrader IRESS MetaTrader 5 TradingView MetaTrader 4 |
|---|
Dig deeper into each broker’s features, fees, and regulation.
Score 3.7 / 5
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