Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs FXGT.com, 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, established in 2010, stands out as a highly trusted online broker with a Trust Score of 95 according to ForexBrokers.com, meaning it ranks among the most reliable brokers. Although not publicly traded or a bank, Pepperstone holds a commendable three Tier-1 licenses along with two Tier-2 licenses, indicating a secure and regulated trading environment for users. This broker's long-standing presence and robust regulatory framework make it a preferred choice for traders seeking security and reliability.
In comparison, FXGT.com, founded in 2019, has a Trust Score of 69, placing it in the high-risk category according to ForexBrokers.com. Like Pepperstone, FXGT.com is not publicly traded and is not a bank. It holds one Tier-1 and one Tier-2 license, providing a certain level of security but not reaching the high trust level of its counterpart. Potential users may find FXGT.com's regulatory standing less reassuring due to its lower trust score and fewer regulatory licenses, especially when compared to more established brokers like Pepperstone.
| Feature |
Pepperstone
|
FXGT.com
|
|---|---|---|
| Year Founded | 2010 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
Pepperstone and FXGT.com are two online brokers, each with its own approach to commissions and fees, catering to different trading needs. Pepperstone offers competitive pricing on its Razor account, making it an attractive option for high-volume traders with its commission-based structure. Users can access this account through platforms like TradingView, MetaTrader, or cTrader, with an average spread of 0.10 pips for the EUR/USD. The all-in cost, considering the commission-equivalent of 0.70 pips, totals 0.80 pips, aligning with the industry average. Conversely, their Standard account is commission-free but records a higher average spread of 1.1 pips for the EUR/USD, making it less appealing cost-wise. Pepperstone's Active Trader program offers rebates on spreads based on trading volume, benefiting both UK/EU and Australian clients with significant monthly trades.
FXGT.com's commission and fees structure is less detailed, as average spread data is unavailable, offering limited insights into its cost competitiveness. However, when looking at overall ratings, Pepperstone outshines with a commendable 4.5-star rating for its commissions and fees approach, compared to FXGT.com's 3.5 stars. This distinction reflects Pepperstone's favorable conditions for active traders looking for reduced trading costs and spread rebates, whereas FXGT.com might appeal to traders with different priorities.
In terms of rankings, Pepperstone holds a strong position, coming in at #10 out of 62 brokers in the Commissions and Fees category, according to ForexBrokers.com. In comparison, FXGT.com stands at #55 in the same category, suggesting Pepperstone provides a more competitive trading environment for cost-conscious traders. Overall, if minimizing trading costs is a priority, Pepperstone's structure, especially with its Razor account, presents more appealing options than FXGT.com.
| Feature |
Pepperstone
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $0 | $5 |
| 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 | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and FXGT.com both offer a platform for forex trading, providing traders with access to currencies via CFDs or spot contracts. Pepperstone stands out with an impressive array of 1,726 tradeable symbols, whereas FXGT.com offers a more modest selection of 117 symbols. When it comes to forex pairs, Pepperstone provides 65 options, surpassing FXGT.com’s provision of 53 pairs. Despite both platforms not offering direct purchase of exchange-traded securities on U.S. or international exchanges, they do provide options for cryptocurrency derivatives, although neither supports the purchase of actual cryptocurrencies.
Both Pepperstone and FXGT.com facilitate copy trading, catering to traders interested in mirroring successful strategies. However, in terms of the range of investments, Pepperstone earns a more favorable rating of 4 stars compared to FXGT.com's 3 stars. According to ForexBrokers.com, Pepperstone ranks 26th out of 62 brokers for investment range, while FXGT.com holds the 60th position. These distinctions highlight Pepperstone’s broader market offerings, making it a preferred choice for traders seeking more varied investment opportunities.
| Feature |
Pepperstone
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 117 |
| Forex Pairs (Total) | 65 | 53 |
| 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 FXGT.com each provide traders with a comprehensive suite of platforms and tools, making online trading accessible to everyone. Both brokers offer simulated trading with free virtual demo accounts, along with popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for a seamless experience. They each have Windows-based desktop trading options, alongside web-based platforms, and support copy trading. However, Pepperstone stands out by providing its own proprietary platform, allowing for a more personalized trading environment, whereas FXGT.com does not have a proprietary platform. Additionally, Pepperstone supports DupliTrade for algorithmic trading and offers a broader range of drawing tools for charting, though both brokers do not support ZuluTrade.
When it comes to charting capabilities and customization, Pepperstone offers 30 drawing tools compared to FXGT.com's 23, and provides seven columns for watch lists against FXGT.com’s five. Both brokers allow traders to execute trades directly from stock charts, enhancing trading efficiency. Rated four stars out of five for their platforms and tools, both brokers provide solid options. However, Pepperstone has an edge, being ranked at #22 by ForexBrokers.com for its trading platforms and tools, while FXGT.com is positioned at #56, offering a clear distinction in terms of overall ranking among competitors.
| Feature |
Pepperstone
|
FXGT.com
|
|---|---|---|
| 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 | 37 |
| Charting - Drawing Tools (Total) | 30 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and FXGT.com stand as strong competitors in the world of online trading apps, offering similar features for both iPhone and Android users. Both apps allow traders to set up price alerts, ensure that watchlists are seamlessly synced with online accounts, and offer the ability to draw trendlines on charts. In terms of charting, each app provides 30 technical studies and supports multiple timeframes, such as daily or weekly views, with auto-saving capabilities for chart drawings. Whether you're using Pepperstone or FXGT.com, you can create watchlists with real-time quotes, making it convenient for users who rely on staying updated with market changes on the go.
Despite these similarities, there are notable differences in user ratings and rankings. Pepperstone earns a higher rating of four stars for its mobile trading experience, while FXGT.com receives 3.5 stars. When ranked by ForexBrokers.com among 62 brokers, Pepperstone comes in at #21, outshining FXGT.com, which sits at #58. These distinctions may influence traders who prioritize user satisfaction and app performance as key deciding factors when selecting a mobile trading platform.
| Feature |
Pepperstone
|
FXGT.com
|
|---|---|---|
| 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 shines in its market research offerings compared to FXGT.com. With daily market commentary and forex news from top-tier sources like Bloomberg and Reuters, Pepperstone provides traders with a wealth of timely information. The platform also equips users with powerful technical analysis tools from Autochartist, alongside a sentiment-based trading tool, helping investors better understand market movements. Additionally, Pepperstone includes an economic calendar to keep traders updated on global financial events. This comprehensive suite of resources earns Pepperstone a commendable 4.5 stars for research and a notable rank of #12 out of 62 brokers as per ForexBrokers.com.
On the other hand, FXGT.com offers a more limited selection of research tools. Lacking daily commentary and top-tier forex news, it primarily relies on a sentiment-based trading tool and an economic calendar to provide market insights. This limited scope is reflected in its lower Research rating of 3 stars and a rank of #56 out of 62 brokers. For traders seeking in-depth analysis and diverse research options, Pepperstone stands out as the preferable choice between the two platforms.
| Feature |
Pepperstone
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| 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 educational resources for beginners, Pepperstone stands out compared to FXGT.com. Pepperstone offers a comprehensive selection of over ten educational pieces that cover essential topics like forex and CFDs through articles, videos, and archived webinars. They also regularly host online webinars, allowing beginners to gain insights through interactive learning experiences, with access to a searchable archive of past webinars for further learning. Pepperstone provides at least ten beginner-focused videos, ensuring traders have a strong foundation on trading topics. Furthermore, they offer more advanced videos to cater to experienced traders seeking deeper knowledge. Additionally, their investor dictionary with over 50 investing terms makes it easier for newcomers to understand the language of trading.
In contrast, FXGT.com falls short in several areas for educational resources. While they do have an investor dictionary similar in scope to that of Pepperstone, FXGT.com lacks an extensive array of educational content. They do not meet the minimum ten pieces of educational content on forex and CFDs, nor do they provide regular educational webinars or a searchable archive of past webinars. Additionally, FXGT.com does not offer the breadth of beginner or advanced educational videos found with Pepperstone. This lack of comprehensive resources is reflected in FXGT.com's lower education rating of three out of five stars, whereas Pepperstone boasts a higher rating at 4.5 stars and ranks significantly better in the education category compared to FXGT.com.
| Feature |
Pepperstone
|
FXGT.com
|
|---|---|---|
| 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 | 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 FXGT.com. Pepperstone finished with an overall rank of #16, while FXGT.com finished with an overall rank of #58.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 69 |
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Both Pepperstone and FXGT.com allow traders to engage in cryptocurrency derivatives but do not offer the capability to purchase actual cryptocurrencies directly.
When comparing online brokers Pepperstone and FXGT.com in terms of deposit and withdrawal options, both offer ACH or SEPA transfers, Visa or Mastercard, and bank wires, while Pepperstone additionally provides PayPal and Skrill options, unlike FXGT.com.
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 | FXGT.com | |
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| Trust Score | 95 | 69 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
| Broker Screenshots | Pepperstone | FXGT.com | |
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| Regulation | Pepperstone | FXGT.com | |
|---|---|---|---|
| Trust Score | 95 | 69 | |
| Year Founded | 2010 | 2019 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Pepperstone | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 117 | |
| Forex Pairs (Total) | 65 | 53 | |
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $0 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | Pepperstone | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 15 | 37 | |
| Charting - Drawing Tools (Total) | 30 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | Yes |
| Major Forex Pairs | Pepperstone | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
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| Trust Score | 95 | 69 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
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