Both brokers score closely overall, but differences in live support channels shape the comparison. Pepperstone's 24/5 live chat contrasts with HFM's phone support.
HFM and Pepperstone are closely matched overall. Pepperstone provides 24/5 live chat, while HFM relies on phone support.
Find out which stock broker best suits your investing profile.
Choose HFM if…
Choose HFM if you want integrated equity-strategy copying with HFcopy and CySEC/DFSA regulation.
Choose Pepperstone if…
Choose Pepperstone if you want 1,000+ share CFDs and DMA access with a broad regulatory footprint.
Which broker wins for each type of stock trader, based on costs, safety, features, and editorial scoring.
Pepperstone has a broader regulatory footprint than HFM.
| Editorial score | 3.8/ 5 | 3.9/ 5 |
|---|---|---|
| Min deposit | No minimum | No minimum |
| Spreads from | 0 pips | 0 pips |
| Commission / lot | $6/lot▼ lower | $7/lot |
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | HFM | 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: HFM rates 3.8/5 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.
Both HFM and Pepperstone start from the same spread of 0. For stock trading, also compare per-trade or per-share commissions to determine the total cost per transaction.
Neither HFM nor Pepperstone requires a minimum deposit, making both accessible regardless of starting capital.
Both HFM 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.
HFM 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.
HFM charges $6 per trade, lower than Pepperstone's $7 per trade. Lower commissions benefit active traders who execute many trades per day. Stock commissions may be charged as a flat rate per trade or per share; confirm the exact structure on each broker's website.
HFM 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 HFM 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 HFM 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 active traders with DMA access and multiple platforms.
Equally matched; both provide eight exchanges and multi-jurisdictional regulation.
Pepperstone wins for low costs due to transparent commissions.
Equally matched; neither offers fractional shares or dividend reinvestment.
| 0.6 pips▼ lower |
| 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 DFSA CySEC | 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 3.8 / 5
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