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, founded in 2010, and Eightcap, founded in 2009, are both online brokers that provide trading platforms without being listed on any stock exchange or operating as banks. When it comes to regulatory trust, both companies hold an equal number of three Tier-1 licenses, highlighting their high level of trustworthiness. However, Pepperstone takes an additional step with two Tier-2 licenses, compared to Eightcap's zero, enhancing its regulatory standing.
Trust scores add another dimension to the comparison. Pepperstone boasts a highly commendable Trust Score of 95 out of 99, establishing it as a highly trusted broker according to ForexBrokers.com. Eightcap, while still considered trustworthy, carries a Trust Score of 85 out of 99. These ratings provide potential investors with a clearer picture of each broker's reputability and commitment to maintaining regulatory standards, ensuring investor confidence in their trading activities.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 3 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
Pepperstone and Eightcap are two online brokers offering distinct pricing models and fee structures, catering to both standard and high-volume traders. Pepperstone shines with its Razor account, which features competitive pricing when paired with its Active Trader program. This account can be used on TradingView, MetaTrader 4, MetaTrader 5, or cTrader platforms, with a commission-based structure alongside an average spread of 0.10 pips for EUR/USD. Including a commission-equivalent of 0.70 pips, the total cost reaches 0.80 pips, aligning with industry standards. In contrast, Pepperstone’s Standard account, although commission-free, carries a notably higher average spread of 1.1 pips for the same currency pair. Pepperstone is rated 4.5 stars and ranked 10th for commissions and fees by ForexBrokers.com.
Eightcap offers two primary account types: the commission-based Raw account and the spread-only Standard account. The Raw account presents a minimal average spread of 0.06 pips, but after adding a $3.50 per side commission, the total cost amounts to approximately 0.76 pips, slightly below the industry average. This positions Eightcap as moderately more costly than the most economical forex brokers. Eightcap receives a rating of 4 stars and holds the 26th position in the commissions and fees category according to ForexBrokers.com.
For active traders, Pepperstone's Active Trader program provides rebates based on monthly trading volume and the applicable tier. Incentives are available for both UK/EU and Australian clients, featuring discounts on standard lot trades. Therefore, while both brokers offer appealing options, Pepperstone’s Razor account appears more advantageous for high-volume traders, thanks to its strategic rebate programs, competitive pricing, and higher ratings and rankings compared to Eightcap.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 1.00 | 1.0 |
| All-in Cost EUR/USD - Active | 0.70 | 0.76 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Pepperstone and Eightcap, both brokers excel in forex trading with offerings in CFDs or spot contracts. Pepperstone, however, leads with a wider selection of tradeable symbols, providing access to 1,726 options, compared to Eightcap’s 736. Additionally, Pepperstone also edges out Eightcap in the number of tradeable forex pairs available, with 65 compared to 56. Neither broker provides exchange traded securities on U.S. or international exchanges, so if you’re looking for opportunities to buy shares directly like Apple or Vodafone, these platforms won’t fulfill those needs.
For those interested in cryptocurrency derivatives, both Pepperstone and Eightcap offer this segment, though neither supports the purchase of actual cryptocurrencies. Both platforms also embrace copy trading, a feature appealing to beginners and seasoned traders alike. When evaluated for their range of investments, Pepperstone holds a higher rating of 4 stars, ranking 26th out of 62 brokers according to ForexBrokers.com, whereas Eightcap scores 3.5 stars and ranks 40th in the same category. This makes Pepperstone the slightly better choice for traders seeking a broader array of investment options.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 736 |
| Forex Pairs (Total) | 65 | 56 |
| 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 Eightcap both offer valuable features for traders seeking comprehensive platforms and tools. Each provides a free virtual demo account for simulated trading, making them accessible for beginners who want to practice without risk. Pepperstone stands out by offering its own proprietary platform alongside popular choices like MetaTrader 4 and 5, whereas Eightcap sticks to well-known platforms like MT4 and MT5 without a proprietary option. Both brokers deliver Windows-based and web-based platforms, and they support copy trading, providing versatility for all types of traders. However, Pepperstone extends its capabilities with DupliTrade integration, which is not available with Eightcap.
When it comes to charting tools, Pepperstone gives traders more flexibility with 30 drawing tools compared to Eightcap's 15. Both brokers allow trading directly from stock charts and offer the same number of fields for watch lists, set at seven columns. Although both are rated four stars for their trading platforms and tools, Pepperstone earns a higher ranking at #22 compared to Eightcap's #38 out of 62 brokers according to ForexBrokers.com. This could make Pepperstone a potentially more appealing choice for those prioritizing platform variety and charting options.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| 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.
Pepperstone and Eightcap both offer mobile trading apps compatible with iPhones and Android devices. These apps provide essential features for traders, such as stock and forex price alerts, and seamless watchlist symbol syncing, which ensures that any changes made on the mobile app are automatically updated on the online account. Both platforms allow users to create watchlists with real-time quotes, and they each boast 30 technical studies for comprehensive chart analysis. Moreover, the ability to draw trendlines and view charts across multiple time frames—daily, weekly, and intraday—enhances their usability for traders on the go. Pepperstone and Eightcap apps also automatically save any drawings made on charts, ensuring that users' analyses stay intact across sessions.
When it comes to user ratings, both Pepperstone and Eightcap score 4 out of 5 stars for their mobile trading apps, indicating solid performance from both brokers. However, a notable difference lies in their rankings on ForexBrokers.com. Pepperstone holds the #21 position out of 62 brokers in the Mobile Trading Apps category, indicating a stronger market position compared to Eightcap, which is ranked at #38. This difference in rankings might influence traders who prioritize industry recognition while choosing between the two for mobile trading solutions.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| 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 Eightcap both provide daily market commentary and offer tools for a sentiment-based trading experience. However, Pepperstone takes the lead in delivering comprehensive market analysis by offering forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, which Eightcap does not include. Additionally, Pepperstone enhances traders' research capabilities with the Autochartist tool, whereas Eightcap lacks both this tool and similar alternatives from Trading Central. Both brokers provide an economic calendar to keep users informed of global happenings, but neither includes offerings from Acuity Trading or TipRanks for more in-depth analyses.
In terms of overall research quality, Pepperstone enjoys a higher reputation, receiving an impressive 4.5-star rating and ranking 12th out of 62 brokers according to ForexBrokers.com. On the other hand, Eightcap has earned a 3.5-star rating, coming in 39th place in the same category. These differences highlight Pepperstone's stronger focus on providing a wide range of valuable market insights, giving its users an edge in understanding and navigating the financial markets.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to providing educational resources for beginner traders, Pepperstone and Eightcap both deliver valuable content, but there are notable differences in their offerings. Pepperstone excels with a strong lineup of educational materials, including more than 10 detailed guides in articles, videos, and webinars covering the essentials of forex and CFDs trading. It stands out with its monthly online webinars, giving clients live learning opportunities that Eightcap currently does not offer. Pepperstone also enriches its educational suite with a searchable archive of webinars, beginner-focused videos, and an investor dictionary with over 50 investing terms. This makes it a solid choice for those starting their trading journey.
In contrast, Eightcap provides a wide array of over 10 educational pieces aimed at beginners, but it falls short in some areas compared to Pepperstone. While it matches Pepperstone in offering a collection of beginner educational videos and a comprehensive investor dictionary, it lacks the monthly educational webinars that could help cultivate real-time learning. Eightcap also does not provide advanced educational videos for experienced traders, which may be a consideration for those seeking to deepen their trading expertise over time. These distinctions are reflected in their ratings and rankings, with Pepperstone earning a higher education rating of 4.5 stars and a #18 ranking, while Eightcap receives 3.5 stars and ranks #40 among 62 brokers.
| Feature |
Pepperstone
|
Eightcap
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
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 Eightcap. Pepperstone finished with an overall rank of #16, while Eightcap finished with an overall rank of #38.
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 | 95 | 85 |
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Both Pepperstone and Eightcap do not offer the ability to buy actual delivered cryptocurrencies, but they do provide the option to trade cryptocurrency derivatives.
When comparing online brokers, Pepperstone offers a broader range of deposit and withdrawal options, including ACH and SEPA transfers, PayPal, Skrill, Visa/Mastercard, and bank wires, while Eightcap also supports PayPal, Skrill, Visa/Mastercard, and bank wires, but lacks ACH and SEPA transfer capabilities.
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 | 95 | 85 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Eightcap Review |
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| Regulation | Pepperstone | Eightcap | |
|---|---|---|---|
| Trust Score | 95 | 85 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| 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 | 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 | 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 | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 736 | |
| Forex Pairs (Total) | 65 | 56 | |
| 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 | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.70 | 0.76 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| 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 | Eightcap | |
|---|---|---|---|
| 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 | No |
| Trading Tools | Pepperstone | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| 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 | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Eightcap | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Pepperstone | Eightcap | |
|---|---|---|---|
| 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 | Eightcap Review |
| Overall | Pepperstone | Eightcap | |
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| Trust Score | 95 | 85 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Eightcap Review |
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