Page Summary
XM Group and Pepperstone are top online brokers with top-tier licenses. XM Group is a safe broker with licenses from the FCA, IFSC, CySEC, and ASIC. It offers access to impressive educational content and market research it is an excellent choice for traders at all levels, especially beginner investors.
Pepperstone is a trustworthy broker with licenses from the ASIC, FCA, DFSA, CySEC, CMA, SCB and BaFIN. It offers 3 account tiers and professional trading platforms. We recommend Pepperstone for experienced investors as it offers access to premium trading tools.
This article discusses the strengths and weaknesses between XM Group and Pepperstone.
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XM
Pepperstone
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:888 | 1:500 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1.6 pips | 0.6 |
| Stocks & ETF | 0,1% – (min $5) | 0 |
| CFD (Gold) | 3 pips | 1.3 |
| Crypto | 0 | |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5 | $0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 100 | 0 |
| ETF & Funds | 0 | 0 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 55 | 63 |
| CFD Indices & Funds | 14 | 123 |
| CFD Stocks | 1286 | 600 |
| CFD Commodities | 14 | 31 |
| CFD Crypto | 5 | 23 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Top findings from the XM Group vs. Pepperstone review:
- XM Group is a beginner-friendly brokerage firm with a valuable learning center.
- Pepperstone is a top provider of educational features and materials for professional and beginner investors.
- Both brokers offer a demo account to test their offering.
XM is a popular beginner-friendly broker with access to many research and education tools. Pepperstone offers many educational features for traders at all levels.
Level of experience
XM provides access to the full MetaTrader suite. It offers an excellent online trading experience with beginner-friendly services. XM has many learning tools, including a virtual account.
Pepperstone offers premium educational features and materials. It has webinars, advanced trading videos, and trading guides. We recommend it for traders of all levels of experience who want access to impressive trading materials.
Fees
The minimum deposit fee at XM ranges between $5 and $100, depending on the brokerage account you choose. Pepperstone has a standard minimum deposit fee of $200. The average EUR/USD spread at XM is 1.6, while at Pepperstone is 0.77.
Assets
Pepperstone offers 61 forex currency pairs, while XM has 57 available pairs. XM offers access to 1372 CFDs, while Pepperstone has 1200+ available CFDs.
Trading platform
XM doesn’t have a proprietary platform, but it offers the MT4 and MT5 suites. These are highly customizable and easy to learn. XM provides access to a comprehensive research center with articles and trading signals. This broker has many educational tools, including trading videos.
Pepperstone has a comprehensive portfolio with desktop and web platforms. It offers the MetaTrader suite, cTrader, TradingView and professional learning tools. Pepperstone doesn’t have a proprietary mobile app.
Banking services
Banking services offer advantages to traders of all levels of experience. Pepperstone offers many funding solutions, including bank transfers and credit/debit cards. XM Group has bank transfers, credit/debit cards, and Skrill as its funding options
Final verdict
XM Group and Pepperstone are top online brokers. Both have advantages and disadvantages, depending on your trading style and skills. We recommend XM for beginners, as it has many learning tools. Pepperstone is a good fit for traders at all levels who want access to professional trading services.
XM compared to other brokers:
XM review