Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs FXPrimus, 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.
When comparing online brokers Pepperstone and FXPrimus, it's important to evaluate their regulatory standing as this affects the level of trust and safety offered to investors. Founded in 2010, Pepperstone is non-publicly traded and not a banking institution. It stands out with a high Trust Score of 95 out of 99 as rated by ForexBrokers.com, indicating it is considered highly trusted. Pepperstone’s credibility is bolstered by its three Tier-1 licenses, which reflect strong regulatory compliance, and an additional two Tier-2 licenses, aligning it as a preferred choice among cautious investors.
FXPrimus, established in 2009, is also a non-publicly traded firm without banking status. It holds a Trust Score of 71, placing it in the average risk category according to ForexBrokers.com. With one Tier-1 license, FXPrimus demonstrates some level of reliability, but its absence of Tier-2 licenses might be a point of consideration for those seeking a more secure trading environment. While both brokers provide online trading services, those with a focus on regulatory assurances may find Pepperstone’s standing more reassuring.
| Feature |
Pepperstone
|
FXPrimus
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| 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 | 1 |
When it comes to evaluating commissions and fees, Pepperstone stands out with its Razor account for high-volume traders, especially when combined with their Active Trader program. This account offers impressive pricing, averaging a 0.10 pip spread for the EUR/USD pair, with an all-in cost of approximately 0.80 pips when factoring in commissions. On the other hand, their Standard account is commission-free but comes with a higher 1.1 pip average spread on the EUR/USD, making it a less cost-effective option for frequent traders. Pepperstone earns a 4.5-star rating in this category and ranks #10 out of 62 brokers for its competitive pricing structure.
FXPrimus, while offering competitive services, lacks published average spread data, which makes direct comparisons a bit challenging. Despite this, they have earned a 4-star rating for commissions and fees. Ranking at #42 out of 62 brokers, FXPrimus provides a viable option, though it doesn't quite match the competitive pricing found with Pepperstone's Razor account.
In summary, for traders prioritizing cost efficiency, Pepperstone's Razor account offers more competitive pricing, supported by its notable ranking and higher star rating. While FXPrimus has a solid offering in its category, it does not achieve the same level of cost competitiveness that Pepperstone provides, especially for high-volume traders.
| Feature |
Pepperstone
|
FXPrimus
|
|---|---|---|
| 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 | No |
| 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 FXPrimus both offer forex trading through CFDs and spot contracts, catering to those looking to trade currency pairs without owning the actual currencies. Pepperstone shines with an extensive selection of 1,726 tradeable symbols, including 65 forex pairs, offering traders a wide variety of options to diversify their trading strategies. In contrast, FXPrimus provides 140 tradeable symbols and 42 forex pairs, which may be sufficient for beginners or those with specific trading requirements but provides less overall variety compared to Pepperstone.
Neither broker allows for the purchase of exchange-traded securities on U.S. or international exchanges, nor do they offer the actual buying of cryptocurrencies. However, both Pepperstone and FXPrimus enable trading in cryptocurrency derivatives, appealing to those interested in crypto without holding the actual coins. Pepperstone has a slight edge with a four-star rating for its range of investments, compared to FXPrimus's 3.5 stars, and holds the 26th spot out of 62 brokers in this category according to ForexBrokers.com. FXPrimus ranks 59th, making Pepperstone the more expansive choice for traders seeking a broader range of investment opportunities. Additionally, both platforms support copy trading, allowing users to replicate the strategies of successful traders.
| Feature |
Pepperstone
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 140 |
| Forex Pairs (Total) | 65 | 42 |
| 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 FXPrimus both offer traders a comprehensive suite of trading platforms and tools, starting with free virtual demo accounts for simulated trading experiences. Each broker provides a proprietary platform tailored to their clients’ needs, alongside popular platforms like MetaTrader 4 and MetaTrader 5, catering to a wide range of traders. Both platforms allow access via Windows-based desktop applications and web browsers, offering flexibility in how traders choose to access the markets. Additionally, copy trading capabilities are available with both brokers, although Pepperstone has the added advantage of offering DupliTrade for more diverse copy trading options, a feature not available with FXPrimus.
Pepperstone and FXPrimus deliver similar functionalities, such as trading directly from stock charts, and they maintain equally comprehensive watch lists with seven available columns. Notably, Pepperstone provides a larger selection of drawing tools for charting—30 compared to FXPrimus's 15—allowing for more detailed technical analysis. In terms of industry rankings, Pepperstone is positioned higher at #22 compared to FXPrimus's #49 for Trading Platforms and Tools according to ForexBrokers.com, with both receiving a solid four-star rating. This suggests that while both brokers offer substantial features, Pepperstone has a slight edge in terms of ranking and charting tools.
| Feature |
Pepperstone
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| 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 FXPrimus both offer iPhone and Android apps, providing traders with convenience on the go. Both platforms also support price alerts for stocks and forex, ensuring you stay updated with market changes. While both apps allow users to create watchlists with real-time quotes, only Pepperstone offers the added benefit of watchlist symbol syncing between the mobile app and online account for seamless management. When it comes to charting tools, each app provides the ability to draw trendlines and view charts in multiple time frames, along with 30 technical studies available for deeper market analysis.
The user-friendly mobile apps of both Pepperstone and FXPrimus ensure that chart drawings are auto-saved, so users never lose their important annotations. Despite both apps achieving a commendable rating of 4 stars for mobile trading, Pepperstone edges out FXPrimus in rankings by ForexBrokers.com, coming in at #21 compared to FXPrimus's #47. This may make Pepperstone a preferred choice for those who value a higher ranking in this competitive category.
| Feature |
Pepperstone
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| 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.
When it comes to market research offerings, both Pepperstone and FXPrimus provide a foundation of daily market commentary and economic calendars, helping traders stay informed about global financial events. Pepperstone stands out by delivering forex news from top-tier sources like Bloomberg and Reuters, which ensures high-quality information flow. Additionally, Pepperstone supplements traders with Autochartist tools for deeper technical analysis and a sentiment-based trading tool that highlights market positioning. These features contribute to Pepperstone earning a high research rating of 4.5 stars and a ranking of #12 out of 62 brokers by ForexBrokers.com.
In contrast, FXPrimus lacks several advanced research tools that are available at Pepperstone. Without access to top-tier forex news sources or advanced analytics tools such as Autochartist or Trading Central, FXPrimus offers a more limited research experience. These gaps are reflected in its lower research rating of 3 stars, with FXPrimus positioned at #58 in the research category by ForexBrokers.com. Despite this, FXPrimus still provides essential daily commentary and an economic calendar, allowing traders to access basic, yet valuable, market updates.
| Feature |
Pepperstone
|
FXPrimus
|
|---|---|---|
| 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 | No |
| 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 in the trading world, both Pepperstone and FXPrimus offer a solid foundation. Each provides over ten educational pieces, such as articles, videos, and archived webinars, focusing on forex or CFDs. Both platforms also host educational client webinars every month and maintain a searchable archive of past webinars for clients to access at any time. However, Pepperstone stands out with its offering of more than ten beginner-friendly educational videos specifically tailored for newcomers, alongside a comprehensive investor dictionary featuring definitions of over 50 investing terms.
In contrast, while FXPrimus also provides essential educational content, it lacks the depth found in Pepperstone's offerings. FXPrimus does not match Pepperstone's provision of beginner-specific videos or an extensive investor dictionary, which can be crucial resources for someone just starting in trading. This difference in educational tools is reflected in their ratings, with Pepperstone earning a commendable 4.5 stars and ranking 18th among 62 brokers in the Education category according to ForexBrokers.com. Meanwhile, FXPrimus holds a 3-star rating and ranks 51st, highlighting Pepperstone's superior resources for those eager to learn the basics and beyond in trading.
| Feature |
Pepperstone
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| 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 FXPrimus. Pepperstone finished with an overall rank of #16, while FXPrimus finished with an overall rank of #53.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 71 |
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Both Pepperstone and FXPrimus do not provide the option to buy actual (delivered) cryptocurrencies, but each offers the ability to trade cryptocurrency derivatives instead.
When comparing online brokers Pepperstone and FXPrimus in terms of account fund deposit and withdrawal options, Pepperstone provides a more extensive range of services by offering ACH and SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, whereas FXPrimus lacks ACH, SEPA, and PayPal options but supports Skrill, Visa or Mastercard, and bank wires.
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 | FXPrimus | |
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| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
| Broker Screenshots | Pepperstone | FXPrimus | |
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| Regulation | Pepperstone | FXPrimus | |
|---|---|---|---|
| Trust Score | 95 | 71 | |
| 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 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 140 | |
| Forex Pairs (Total) | 65 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Yes | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Pepperstone | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | 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 | FXPrimus | |
|---|---|---|---|
| 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 | No | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Pepperstone | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
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| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
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