Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs Earn, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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.
Pepperstone and Earn are both online brokers, but they differ significantly in their founding years and trust ratings. Pepperstone, established in 2010, holds 3 Tier-1 licenses and 2 Tier-2 licenses, earning it a highly trusted rating of 95 out of 99 from ForexBrokers.com. In contrast, Earn, which was founded in 1994, holds 1 Tier-1 license and no Tier-2 licenses, resulting in an average risk trust score of 71.
Neither Pepperstone nor Earn is publicly traded or operates as a bank. This distinction might influence your choice depending on how you weigh the importance of public trading status or banking functions. The licensing and trust ratings point towards Pepperstone being more consistently reliable, particularly highlighted by its number of high-tier licenses and ForexBrokers.com score. Both brokers nonetheless serve their clients within the scope of their capabilities and regulatory approvals.
| Feature |
Pepperstone
|
Earn
|
|---|---|---|
| Year Founded | 2010 | 1994 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
Pepperstone and Earn offer different structures for commissions and fees when it comes to online trading. Pepperstone shines with its Razor account, particularly for high-volume traders using its Active Trader program. The Razor account employs a commission-based pricing structure and offers impressive pricing, listing an average spread of 0.10 pips for the EUR/USD. This cost rises to 0.80 pips once commissions are factored in, which is fairly competitive in the industry. In contrast, the Pepperstone Standard account uses a commission-free model but is less cost-effective, presenting an average spread of 1.1 pips for the same currency pair.
Pepperstone’s Active Trader program further enhances its appeal for frequent traders. In the UK and EU, professional clients can earn a rebate on spreads paid, starting at 15% per lot for trading at least £20 million monthly and increasing up to 25% for £200 million traded. Similarly, in Australia, traders who engage in a minimum of 100 lots over three months can enter Tier One of the Active Trader program, receiving a 10% discount per standard lot. Those trading over 3001 lots monthly qualify for Tier Three, enjoying a 30% reduction in spreads. Earn, on the other hand, lacks specific details on average spreads, making it challenging to offer a direct comparison in terms of pricing details.
In terms of ratings, Pepperstone receives a commendable 4.5 stars for its commissions and fees, ranking 10th out of 62 brokers according to ForexBrokers.com. Earn follows with a respectable 4-star rating but is positioned at 46th in the same category. Overall, Pepperstone is a strong contender for traders seeking competitive fees, especially those trading in high volumes.
| Feature |
Pepperstone
|
Earn
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and Earn both offer forex trading as a CFD or spot contract, catering to traders interested in currency exchanging. Pepperstone provides a more extensive selection with 1,726 tradeable symbols compared to Earn's 500. When focusing on forex pairs, Pepperstone again takes the lead with 65 options, slightly more than Earn’s 61 pairs. While both brokers support copy trading, they do not offer direct purchase of U.S. or international exchange-traded securities, nor can clients buy actual cryptocurrencies. Instead, both platforms offer cryptocurrency derivatives for those looking to delve into digital assets.
Pepperstone holds a slight advantage in investment variety, earning an impressive four-star rating for its range of investments. Conversely, Earn receives a respectable 3.5 stars. According to ForexBrokers.com, Pepperstone is ranked 26th among 62 brokers in the Range of Investments category, a solid performance compared to Earn’s rank at 45th. Thus, Pepperstone might be the preferable choice for investors seeking a broader spectrum of trading opportunities.
| Feature |
Pepperstone
|
Earn
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 500 |
| Forex Pairs (Total) | 65 | 61 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
Pepperstone and Earn both provide various options for traders looking to engage with financial markets through versatile trading platforms. Both brokers offer the popular MetaTrader 4 and 5, browser-based platforms, and Windows desktop downloads. They also support demo accounts for simulated trading, allowing users to practice strategies without any risk. While both brokers enable copy trading, Pepperstone offers an in-house proprietary platform and the added advantage of DupliTrade, whereas Earn provides ZuluTrade for social trading enthusiasts. This variety ensures that traders of all levels can find the right tools that suit their needs and preferences.
When it comes to charting tools, Pepperstone stands out with 30 drawing tools, doubling the 15 offered by Earn. Both brokers provide seven columns for watch lists and allow trading directly from stock charts, fostering a seamless and efficient trading experience. Despite having similar four-star ratings for trading platforms and tools, Pepperstone ranks significantly higher at #22 compared to Earn's #51 ranking by ForexBrokers.com. This suggests Pepperstone has a more comprehensive offering that better caters to traders seeking a wide array of features within their trading platforms.
| Feature |
Pepperstone
|
Earn
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 15 | 35 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Pepperstone and Earn offer solid choices for traders using iPhone or Android devices. Users can also receive stock or forex price alerts from both apps. Pepperstone sets itself apart with watchlist symbol syncing, which ensures your watchlists on mobile sync seamlessly with your online account. This feature is not available with Earn. While Pepperstone provides 30 technical studies for charting, Earn edges ahead slightly with 35.
For charting tools, both platforms allow traders to draw trendlines and view multiple time frames, like daily, weekly, or intraday, with auto-saving drawings. Creating a watchlist with real-time quotes is also possible on both apps. Rated 4 out of 5 stars for their mobile trading apps, Pepperstone and Earn are closely matched in overall user satisfaction. However, Pepperstone boasts a higher ranking in the Mobile Trading Apps category at #21 compared to Earn's #26, according to ForexBrokers.com.
| Feature |
Pepperstone
|
Earn
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 35 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone and Earn both provide daily market commentary and forex news from top-tier sources like Bloomberg and Reuters, ensuring traders have access to relevant insights. However, Pepperstone distinguishes itself by offering technical analysis tools from Autochartist, which is missing from Earn’s suite of features. Additionally, Pepperstone includes a sentiment-based trading tool, providing crucial insights into the ratio of short and long positions across currency pairs, a resource not available with Earn.
Both platforms offer economic calendars to keep traders updated on global events, but Pepperstone's superior offerings in market tools significantly enhance its research capabilities. Pepperstone has earned a 4.5-star rating for its research, ranking it 12th among 62 brokers reviewed by ForexBrokers.com. In comparison, Earn holds a 3.5-star rating, positioning it at 38th in the same category. These distinctions highlight Pepperstone’s edge in delivering comprehensive market research tools to its users.
| Feature |
Pepperstone
|
Earn
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Pepperstone and Earn in terms of educational resources for beginners in forex and CFDs trading, Pepperstone emerges as the more comprehensive option. Pepperstone provides a wealth of resources, including a range of over 10 educational pieces such as articles and videos dedicated to forex and CFDs. They also host monthly educational client webinars and offer access to a searchable archive of these recordings. Beginners can benefit from more than 10 videos specifically designed to cover a variety of trading topics, setting a foundation for both novice and advanced traders. With an investor dictionary featuring over 50 defined investing terms, Pepperstone supplies traders with valuable insights into the trading world. Their efforts earn them a solid 4.5-star rating for education and a respectable rank of #18 out of 62 brokers by ForexBrokers.com.
On the other hand, Earn seems to fall short in providing educational opportunities for beginners in the trading field. Unlike Pepperstone, Earn does not offer the same level of educational material in formats such as articles or videos geared toward learning about forex and CFDs. They also do not conduct monthly webinars or provide archives of past sessions, which are pivotal for gaining ongoing trading insights. Furthermore, the lack of a comprehensive investor dictionary and content tailored for all levels of traders means Earn offers far fewer educational supports. Despite having a decent 3.5-star rating for education, Earn ranks at #61 out of 62 brokers for education resources, highlighting an area of potential improvement for those seeking to learn more about forex and CFDs trading.
| Feature |
Pepperstone
|
Earn
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Pepperstone is better than Earn. Pepperstone finished with an overall rank of #16, while Earn finished with an overall rank of #50.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
|
Earn
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 71 |
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Neither Pepperstone nor Earn provides the option to buy actual delivered cryptocurrency; however, both platforms offer the ability to purchase cryptocurrency derivatives instead.
Pepperstone offers a more versatile range of deposit and withdrawal options than Earn, including ACH, SEPA, and PayPal, while both platforms support Skrill, Visa, Mastercard, and bank wires for funding accounts.
Please 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.
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0 of 5| Overall Rating | Pepperstone | Earn | |
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| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
| Broker Screenshots | Pepperstone | Earn | |
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| Regulation | Pepperstone | Earn | |
|---|---|---|---|
| Trust Score | 95 | 71 | |
| Year Founded | 2010 | 1994 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | Earn | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Pepperstone | Earn | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Pepperstone | Earn | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 500 | |
| Forex Pairs (Total) | 65 | 61 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | Earn | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Earn | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Pepperstone | Earn | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Pepperstone | Earn | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 35 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | Earn | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Pepperstone | Earn | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Earn | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Pepperstone | Earn | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Pepperstone Review |
| Overall | Pepperstone | Earn | |
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| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
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