Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs Eightcap, 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 vs Eightcap: regulation and trust at a glance. Pepperstone was founded in 2010, while Eightcap started in 2009. Neither broker is publicly traded or operates as a bank. According to ForexBrokers.com, Pepperstone holds a Trust Score of 94/99 (highly trusted, as scores from 90–99 are considered highly trusted). Eightcap scores 87/99 (trusted, as scores from 80–89 are considered trusted).
On licensing, both brokers hold three Tier-1 licenses, which ForexBrokers.com considers highly trusted. Pepperstone holds two Tier-2 licenses (trusted), while Eightcap holds one Tier-2 license. In short, both are well regulated, with Pepperstone showing a slightly broader set of trusted licenses alongside its higher Trust Score.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 3 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
Pepperstone comes out ahead of Eightcap for commissions and fees, especially for active forex traders. Pepperstone earns a 5-star rating and ranks #6 out of 36 brokers for commissions and fees, while Eightcap holds a 4.5-star rating and ranks #20 out of 36. Both brokers offer low-cost pricing through commission-based accounts, but Pepperstone’s Razor account is especially competitive when paired with its Active Trader program.
With Pepperstone, the Razor account uses commission-based pricing plus tight spreads, and it listed an average EUR/USD spread of 0.10 pips as of July 2024. After adding the commission-equivalent of 0.70 pips, the all-in cost is about 0.80 pips. Pepperstone’s Standard account has no commission, but its average EUR/USD spread of 1.1 pips is higher, making it the pricier option overall. Active traders may also qualify for spread rebates, with larger rebates available to higher-volume clients in the U.K., EU, and Australia.
Eightcap also offers two main pricing choices: a Raw account with commissions and a Standard account that is spread-only. Its Raw account lists an average EUR/USD spread of 0.06 pips, and after the $3.50 per-side commission is added, the all-in cost is about 0.76 pips. That is still slightly above the very cheapest forex brokers, but it is competitive. In short, Eightcap is low cost, while Pepperstone tends to be the better pick for larger traders looking for more ways to reduce fees.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.1 | 1.0 |
| All-in Cost EUR/USD - Active | 0.8 | 0.76 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone offers a wider range of investments than Eightcap, especially for traders who want more choice in CFDs and forex pairs. Pepperstone lists 1,726 tradeable symbols and 65 forex pairs, compared with Eightcap’s 803 symbols and 55 forex pairs. Both brokers support forex trading as a CFD or spot contract, offer copy trading, and let clients trade cryptocurrency CFDs, but neither provides access to actual crypto purchases or exchange-traded shares on U.S. or international stock markets.
In simple terms, Pepperstone is the stronger option if range is a priority. It earns 4 out of 5 stars for Range of Investments and ranks #23 out of 36 brokers at ForexBrokers.com, while Eightcap scores 3.5 stars and ranks #29. If you want more market variety and a slightly larger forex selection, Pepperstone has the edge; if you are comfortable with a smaller list of products, Eightcap still covers the main CFD and forex trading basics.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 803 |
| Forex Pairs (Total) | 65 | 55 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 Eightcap both give traders a wide choice of platforms and tools, including free demo accounts, desktop and web trading, copy trading, MetaTrader 4, and MetaTrader 5. Each broker also lets you trade directly from charts, which is helpful if you like to act fast when prices move. In Trading Platforms and Tools, both are rated 4 out of 5 stars, so they each offer a strong setup for everyday trading.
The main difference is that Pepperstone offers its own in-house platform, while Eightcap does not. That gives Pepperstone an extra option for traders who want something beyond the standard platform choices. Pepperstone also ranks higher with ForexBrokers.com in this category, coming in at #21 out of 36 brokers, compared with Eightcap at #31 out of 36. If platform variety matters most, Pepperstone has the edge, while Eightcap still covers the basics well.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Eightcap both offer mobile trading apps for iPhone and Android, so traders can manage accounts and place trades on the go with either broker. Each app also includes price alerts, watchlist syncing between mobile and online accounts, and chart tools such as trendlines and auto-saving drawings. In addition, both brokers provide 30 technical studies in their mobile charting tools, giving users a similar set of features for basic to intermediate analysis.
When it comes to overall mobile experience, Pepperstone and Eightcap are both rated 4 out of 5 stars for mobile trading apps. The main difference is in ForexBrokers.com’s ranking, where Pepperstone places higher at #19 out of 36 brokers, compared with Eightcap at #31. For traders choosing between the two, the core mobile features are very similar, but Pepperstone has the edge in third-party ranking.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone and Eightcap both give traders useful market research basics, including daily market commentary, sentiment tools, and an economic calendar to track key global events. However, Pepperstone has a clear edge for research depth because it also offers forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus Autochartist tools for technical and fundamental analysis. Pepperstone is rated 4.5 out of 5 for Research and ranks #13 out of 36 brokers at ForexBrokers.com.
Eightcap covers the essentials too, with daily commentary, sentiment data, and an economic calendar, and it goes a step further by offering research tools from Acuity Trading. Even so, it does not provide top-tier forex news or Autochartist, which puts it behind Pepperstone in overall research quality. Eightcap is rated 3.5 out of 5 for Research and ranks #33 out of 36 brokers at ForexBrokers.com.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone and Eightcap both give beginners a solid starting point with forex and CFD education, offering at least 10 learning pieces on these markets, monthly educational webinars, and more than 10 beginner-focused videos. That means both brokers make it fairly easy for new traders to learn the basics through articles, videos, and live sessions. For someone just getting started, either platform can help build core knowledge in a simple, accessible way.
Where Pepperstone pulls ahead is in deeper learning for more experienced traders. It offers at least 10 advanced educational videos, while Eightcap does not meet that mark. This shows in their overall education scores too: Pepperstone is rated 4.5 out of 5 and ranks #15 out of 36 brokers for Education, compared with Eightcap’s 3.5 out of 5 and #31 ranking. In short, both are beginner-friendly, but Pepperstone gives learners more room to grow.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Pepperstone is better than Eightcap. Pepperstone finished with an overall rank of #17, while Eightcap finished with an overall rank of #30.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
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Eightcap
|
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| Trust Score | 94 | 87 |
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Neither Pepperstone nor Eightcap allows buying actual (delivered) cryptocurrency, but both brokers offer cryptocurrency CFD trading.
Pepperstone vs Eightcap: Pepperstone supports ACH/SEPA, PayPal, and bank wires but not Skrill (Visa/Mastercard not specified), while Eightcap lacks ACH/SEPA, supports PayPal, Skrill, and bank wires (Visa/Mastercard not specified).
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 | Eightcap | |
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| Trust Score | 94 | 87 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Eightcap Review |
| Broker Screenshots | Pepperstone | Eightcap | |
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| Regulation | Pepperstone | Eightcap | |
|---|---|---|---|
| Trust Score | 94 | 87 | |
| Year Founded | 2010 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 3 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| 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 | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Pepperstone | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 803 | |
| Forex Pairs (Total) | 65 | 55 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | Eightcap | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.1 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.76 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Pepperstone | Eightcap | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | Pepperstone | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Pepperstone | Eightcap | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Eightcap | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Pepperstone | Eightcap | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Pepperstone Review | Eightcap Review |
| Overall | Pepperstone | Eightcap | |
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| Trust Score | 94 | 87 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Eightcap Review |
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