ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

Pepperstone vs ATFX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of Pepperstone vs ATFX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Pepperstone
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 95
  • Tradeable Symbols (Total): 1726
ATFX
4/5 Stars Overall
  • Minimum Deposit: $500
  • Trust Score: 85
  • Tradeable Symbols (Total): 150

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

Pepperstone and ATFX are both online brokers offering various trading services. Pepperstone, established in 2010, holds a ForexBrokers.com Trust Score of 95, indicating it is highly trusted. Meanwhile, ATFX, founded in 2017, has a Trust Score of 85, placing it in the trusted category. Neither company is publicly traded or operates as a bank. These aspects make both firms accessible for traders looking for well-regulated platforms without the complexity of bank-run operations.

When it comes to regulatory strength, ATFX holds four Tier-1 licenses, while Pepperstone has three. In addition, both brokers have two Tier-2 licenses, further securing their standing in the trading industry. These credentials suggest that both brokers comply with high regulatory standards, ensuring a safer trading environment for their users. Whether you prioritize experience with Pepperstone's longer establishment or ATFX’s slightly broader Tier-1 regulation, both provide secure trading platforms.

Feature Pepperstone logoPepperstone
ATFX logoATFX
Year Founded info 2010 2017
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 3 4
Tier-2 Licenses info 2 2
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1

Fees

Pepperstone and ATFX differ significantly in their commissions and fees, especially for traders seeking lower costs. Pepperstone operates as an agency-execution broker and offers competitive pricing with its Razor account, especially when paired with the Active Trader program. This account provides an average spread of 0.10 pips on the EUR/USD, and with the commission-equivalent of 0.70 pips, the total cost is 0.80 pips, aligning with the industry average. Despite its laudable cost structure in the Razor account, its Standard account, with an average spread of 1.1 pips for the EUR/USD, is not as cost-effective.

ATFX, on the other hand, does not have publicly available average spread data, which can make it challenging for traders to assess its cost competitiveness. Pepperstone shines in terms of incentives for high-volume traders with its Active Trader program, offering spread rebates based on trading volume. In the UK and EU, professional clients can receive a rebate on spreads, with possible savings reaching up to 25% for high-volume traders. In Australia, similar benefits are available, with hefty discounts for those trading more than 3001 lots monthly.

In terms of rankings, Pepperstone scores higher with a 4.5-star rating and is ranked #10 out of 62 brokers by ForexBrokers.com for commissions and fees. In contrast, ATFX has a 3-star rating and ranks much lower at #59. These disparities in rankings underscore Pepperstone's stronger position in offering competitive commissions and fees compared to ATFX.

Feature Pepperstone logoPepperstone
ATFX logoATFX
Minimum Deposit info $0 $500
Average Spread EUR/USD - Standard info 1.00 info N/A info
All-in Cost EUR/USD - Active info 0.70 info N/A info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info Yes No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Pepperstone and ATFX both provide investors with access to forex trading via Contracts for Difference (CFDs) or spot contracts. However, Pepperstone stands out with a larger selection, offering 1,726 tradeable symbols compared to ATFX's 150. Additionally, Pepperstone provides 65 tradeable forex pairs, whereas ATFX offers 44 forex pairs. Neither broker supports the purchase of exchange-traded securities on U.S. or international exchanges, such as buying shares of companies like Apple or Vodafone directly.

Both Pepperstone and ATFX facilitate the purchase of cryptocurrency derivatives, while neither allows buying the actual cryptocurrencies themselves. They also offer copy trading features, enhancing the choices for investors seeking to follow successful trading strategies. With a four-star rating for its range of investments, Pepperstone is ranked 26th out of 62 brokers by ForexBrokers.com, indicating a broader selection than ATFX, which has a 3.5-star rating and is ranked 57th. This makes Pepperstone a more diverse option for investors looking for a wider array of trading opportunities.

Feature Pepperstone logoPepperstone
ATFX logoATFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1726 150
Forex Pairs (Total) info 65 44
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

Pepperstone and ATFX both provide comprehensive trading platforms and tools but with notable differences. Both brokers offer free virtual demo accounts, allowing users to simulate trades without financial risk. Pepperstone stands out with its proprietary platform and supports additional tools like DupliTrade and copy trading, whereas ATFX lacks a proprietary platform and DupliTrade. Both brokers support widely used platforms such as MetaTrader 4 and MetaTrader 5, and they each have web-based and desktop versions for Windows to cater to various trader preferences.

When it comes to features for analyzing charts, Pepperstone leads with 30 drawing tools compared to ATFX's 15, although both allow trading directly from a stock chart. The brokers offer the same number of fields for creating watch lists, totaling seven. Based on user ratings, Pepperstone earns a 4-star rating for its trading platforms and tools, while ATFX scores 3.5 stars. In a broader industry comparison, Pepperstone ranks #22 among 62 brokers, showcasing a stronger reputation than ATFX, which is ranked at #61.

Feature Pepperstone logoPepperstone
ATFX logoATFX
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
DupliTrade info Yes No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 15 30
Charting - Drawing Tools (Total) info 30 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Pepperstone and ATFX both offer mobile trading apps for iPhone and Android users, with handy features like real-time alerts and customizable watchlists. In terms of synchronization, Pepperstone's app stands out as it allows watchlist symbol syncing across devices, while ATFX lacks this feature. When it comes to charting capabilities, Pepperstone impresses with 30 technical studies and the ability to save drawings automatically on charts, features also available on the ATFX app but with only seven technical studies. Both apps support drawing trendlines and viewing charts across multiple time frames, providing users with flexibility in their trading analysis.

Evaluating their overall performance, Pepperstone's mobile app receives a four-star rating and is ranked 21st out of 62 brokers by ForexBrokers.com. Meanwhile, ATFX's mobile trading app earns a 3.5-star rating and is positioned last at 62nd in the same ranking. This comparison highlights Pepperstone as a more distinguished choice for traders who seek a comprehensive mobile trading experience with advanced features and better synchronization, characteristics that stand out among their 62 broker peers.

Feature Pepperstone logoPepperstone
ATFX logoATFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 7
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When it comes to market research, both Pepperstone and ATFX offer daily market commentary and provide essential tools from Autochartist for technical and fundamental analysis. However, Pepperstone stands out with its access to forex news from top-tier sources like Bloomberg and Reuters, while ATFX does not offer such high-level news sources. Pepperstone also provides a sentiment-based trading tool that shows trader positions across various instruments, a feature absent from ATFX's offerings. Both brokers equip traders with an economic calendar to monitor global events, keeping users informed of key economic developments.

Despite some similarities, the differences in research and analysis capabilities reflect in their respective ratings. Pepperstone is rated at 4.5 stars for research and holds the #12 spot out of 62 brokers, suggesting a strong reputation for reliable information and insights. On the other hand, ATFX receives a 3-star rating and ranks #54, indicating areas for improvement in its market research services. These distinctions highlight Pepperstone as the preferred choice for comprehensive market analysis, particularly for traders who value access to top-tier financial news and sentiment analysis tools.

Feature Pepperstone logoPepperstone
ATFX logoATFX
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes Yes
Trading Central (Recognia) info No Yes
Social Sentiment - Currency Pairs info Yes No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Pepperstone and ATFX both provide a range of educational resources aimed at helping beginners navigate the world of forex and CFD trading. Both brokers offer more than ten educational materials, including articles and videos, focusing on these subjects. Additionally, they both maintain searchable archives of past webinars. However, Pepperstone stands out by offering monthly live educational webinars and a comprehensive library of beginner trading videos. ATFX, despite having a smaller library of beginner resources, still provides these in video format but lacks live webinars.

When considering more advanced content, Pepperstone again takes the lead with over ten advanced educational videos, a feature not mirrored by ATFX. Both brokers provide an investor dictionary with more than 50 terms, essential for beginners familiarizing themselves with trading jargon. In terms of ratings, Pepperstone scores 4.5 out of five stars for education and ranks 18th among 62 brokers according to ForexBrokers.com. Meanwhile, ATFX garners a lower rating of three stars and ranks 28th, indicating Pepperstone’s stronger emphasis on education for both new and experienced traders.

Feature Pepperstone logoPepperstone
ATFX logoATFX
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 62 of the best forex brokers, our research and account testing finds that Pepperstone is better than ATFX. Pepperstone finished with an overall rank of #16, while ATFX finished with an overall rank of #51.

Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.

Feature Pepperstone logoPepperstone
ATFX logoATFX
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 95 85
Range of Investments 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with Pepperstone or ATFX?

Both Pepperstone and ATFX do not facilitate the purchase of actual (delivered) cryptocurrency but do provide the option to trade cryptocurrency derivatives.

What funding options does each broker offer?

When comparing the deposit and withdrawal options of online brokers, Pepperstone stands out by supporting ACH or SEPA transfers, PayPal, Skrill, Visa/Mastercard, and bank wires, whereas ATFX does not offer ACH or SEPA transfers or PayPal but matches Pepperstone with support for Skrill, Visa/Mastercard, and bank wires.




announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

Select Brokers

×
  • check_box_outline_blankcheck_boxActivTrades
  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmirals
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxi
  • check_box_outline_blankcheck_boxBDSwiss
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxDooPrime
  • check_box_outline_blankcheck_boxEarn
  • check_box_outline_blankcheck_boxeasyMarkets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFinecoBank
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFXGT.com
  • check_box_outline_blankcheck_boxFXOpen
  • check_box_outline_blankcheck_boxFXPrimus
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxGBE brokers
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIFC Markets
  • check_box_outline_blankcheck_boxiFOREX
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIronFX
  • check_box_outline_blankcheck_boxLegacyFX
  • check_box_outline_blankcheck_boxLibertex (Forex Club)
  • check_box_outline_blankcheck_boxMarkets.com
  • check_box_outline_blankcheck_boxMarkets4you
  • check_box_outline_blankcheck_boxMoneta Markets
  • check_box_outline_blankcheck_boxMultiBank
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOcta
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxQuestrade
  • check_box_outline_blankcheck_boxRoboForex
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxThinkMarkets
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTMGM
  • check_box_outline_blankcheck_boxTopFX
  • check_box_outline_blankcheck_boxTrade Nation
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxVT Markets
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB
  • check_box_outline_blankcheck_boxXtrade

Compare

0 of 5
Overall Rating Pepperstone ATFX
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 95 85
Winner check_circle
Review Pepperstone Review
Broker Screenshots Pepperstone ATFX
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation Pepperstone ATFX
Trust Score info 95 85
Year Founded info 2010 2017
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 3 4
Tier-2 Licenses info 2 2
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1
Tier-1 Licenses (Highly Trusted) Pepperstone ATFX
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No Yes
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) Pepperstone ATFX
Kenya (CMA Authorised) info Yes No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments Pepperstone ATFX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1726 150
Forex Pairs (Total) info 65 44
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost Pepperstone ATFX
Average Spread EUR/USD - Standard info 1.00 info N/A info
All-in Cost EUR/USD - Active info 0.70 info N/A info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding Pepperstone ATFX
Minimum Deposit info $0 $500
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes No
Trading Platforms Pepperstone ATFX
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info Yes No
DupliTrade info Yes No
ZuluTrade info No No
Trading Tools Pepperstone ATFX
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 15 30
Charting - Drawing Tools (Total) info 30 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Pepperstone ATFX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 7
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research Pepperstone ATFX
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes Yes
Trading Central (Recognia) info No Yes
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education Pepperstone ATFX
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs Pepperstone ATFX
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review Pepperstone Review
Overall Pepperstone ATFX
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 95 85
Winner check_circle
Review Pepperstone Review
arrow_upward

close