Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs GBE brokers, 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, and GBE brokers, founded in 2013, offer online brokerage services, but they differ significantly in terms of trust and regulation. Neither company is publicly traded or operates as a bank. Pepperstone holds a high Trust Score of 95 from ForexBrokers.com, classifying it as highly trusted. This is supported by its acquisition of three Tier-1 licenses and two Tier-2 licenses, underscoring its extensive regulatory backing.
In contrast, GBE brokers, with a more modest Trust Score of 71, is considered to have an average risk profile. The company holds just one Tier-1 license and does not possess any Tier-2 licenses, comparing less favorably to Pepperstone in terms of regulation and trust. As traders consider their options, these trust scores and regulatory credentials serve as crucial factors in selecting the right broker for their needs.
| Feature |
Pepperstone
|
GBE brokers
|
|---|---|---|
| Year Founded | 2010 | 2013 |
| 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 |
Pepperstone and GBE Brokers offer different pricing structures for their users, especially when it comes to commissions and fees. Pepperstone shines with its Razor account, which features a commission-based pricing model combined with spreads, providing attractive rates for high-volume traders through its Active Trader program. This account shows an average spread of 0.10 pips for EUR/USD, with an all-in cost of 0.80 pips after adding the commission equivalent, aligning closely with the industry average. However, its Standard account, which is commission-free, has an average spread of 1.1 pips, making it less cost-effective compared to the Razor account.
For active traders, Pepperstone offers rebates through its Active Trader program based on monthly trading volume. In the UK and EU, this program provides rebates on forex trades ranging from 15% to 25%, depending on the amount traded. In Australia, different tiers offer discounts varying from 10% to 30% on the spread, depending on trading volume. Meanwhile, GBE Brokers does not provide detailed average spread data, making direct comparison on this metric difficult.
In terms of ratings, Pepperstone holds a commendable 4.5 stars out of 5 for its commissions and fees, ranking #10 out of 62 brokers. This positions it significantly higher than GBE Brokers, which is rated 4 stars and ranks #36 in the same category, according to ForexBrokers.com.
| Feature |
Pepperstone
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $0 | $500 |
| 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 | 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.
Pepperstone and GBE brokers both provide an impressive array of investment options, catering to both forex and cryptocurrency traders. When it comes to tradeable symbols, Pepperstone boasts a substantial offering of 1,726, significantly more than GBE brokers, which provides 500. However, GBE brokers edges out Pepperstone in the forex market, offering 71 tradeable forex pairs compared to Pepperstone’s 65. Despite the differences, both brokers offer forex trading as both CFDs and spot contracts, but neither allows direct purchase of exchange-traded securities on U.S. or international exchanges. This could be a consideration for investors looking for stock trading opportunities.
Both Pepperstone and GBE brokers support copy trading, allowing users to mirror the strategies of successful traders. When it comes to cryptocurrencies, both brokers offer derivatives rather than actual crypto assets. It's worth noting that Pepperstone outshines GBE brokers with a rating of 4 stars out of 5 for its range of investments, while GBE brokers holds a respectable 3.5 stars. Additionally, Pepperstone is ranked 26th by ForexBrokers.com in the Range of Investments category out of 62 brokers, whereas GBE brokers is placed 44th, showcasing Pepperstone’s broader investment opportunities.
| Feature |
Pepperstone
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 500 |
| Forex Pairs (Total) | 65 | 71 |
| 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 GBE Brokers both offer an array of features within their trading platforms that cater to traders with different experience levels. Pepperstone stands out with its proprietary trading platform developed in-house, providing a unique trading experience. In contrast, GBE Brokers do not have a proprietary platform and rely on well-known third-party platforms. Both brokers offer a Windows-based desktop platform and web-based trading capabilities, ensuring flexibility and convenience for traders. They also support popular platforms, MetaTrader 4 and MetaTrader 5, and offer the option for copy trading. While both provide simulated trading for practice, Pepperstone additionally offers integration with the DupliTrade platform, a feature not available with GBE Brokers.
When it comes to charting tools, Pepperstone provides more versatility with 30 drawing tools compared to GBE Brokers' 15, along with the ability to trade directly from a stock chart. Both brokers allow seven columns for watch lists, giving traders ample room to customize their market views. Despite offering similar functionality across various trading platforms, Pepperstone edges out in terms of overall ranking, securing the 22nd spot among 62 brokers, while GBE Brokers is positioned at 57. Both are rated 4 out of 5 stars for their trading platforms and tools, underscoring their commitment to providing competent resources for traders.
| Feature |
Pepperstone
|
GBE brokers
|
|---|---|---|
| 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 GBE Brokers both offer convenient mobile trading apps available for iPhone and Android users, enabling seamless trading on the go. Both apps provide essential features such as price alerts, the ability to draw trendlines on charts, and the option to view multiple time frames, from daily to intraday, for stocks and forex. Users of either platform can also enjoy technical analysis with 30 different study tools at their fingertips. Moreover, both apps allow traders to create watchlists with real-time quotes and automatically save their chart drawings for easy future reference.
A key difference, however, lies in watchlist management. Pepperstone offers watchlist symbol syncing across devices, ensuring that any changes made on the mobile app will seamlessly update in the client's online account — a feature GBE Brokers does not offer. Both apps are rated with four stars for mobile trading, reflecting their satisfactory performance in the industry. Despite this, Pepperstone holds a stronger position in rankings, placed at #21 compared to GBE Brokers at #57 out of 62 brokers evaluated by ForexBrokers.com, which may make it more appealing for traders seeking a well-received mobile trading experience.
| Feature |
Pepperstone
|
GBE brokers
|
|---|---|---|
| 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.
Pepperstone and GBE Brokers both provide daily market commentary and economic calendars to help traders stay informed on the latest global developments. However, Pepperstone distinguishes itself by offering forex news from top-tier sources like Bloomberg and Reuters, giving traders access to high-quality information not available at GBE Brokers. Additionally, Pepperstone provides advanced tools for technical analysis through partnerships with companies like Autochartist, offering a significant advantage to traders seeking detailed market insights.
Both brokers offer sentiment-based trading tools that display the ratio of long or short positions across currency pairs, broadening traders' perspectives on market conditions. While neither offers research tools from Trading Central, TipRanks, or Acuity Trading, Pepperstone's overall research capabilities consistently outshine those of GBE Brokers. This is reflected in their ratings, with Pepperstone earning 4.5 stars for research compared to GBE Brokers' 3 stars. According to ForexBrokers.com, Pepperstone ranks impressively at #12 out of 62 brokers for research, while GBE Brokers lag significantly at #61, highlighting Pepperstone as the superior choice for research-driven trading.
| Feature |
Pepperstone
|
GBE brokers
|
|---|---|---|
| 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.
Pepperstone stands out as a solid choice for beginners in forex and CFD trading when it comes to educational offerings. They provide a wealth of resources, featuring over ten educational pieces such as articles, videos, and archived webinars, all focusing on forex and CFDs. Furthermore, Pepperstone hosts monthly online webinars geared towards client education, which are archived for future reference. Beginners can also benefit from more than ten videos specifically designed to introduce them to trading concepts. For those with more experience, the platform offers advanced educational videos. Additionally, Pepperstone includes an investor dictionary with definitions for over 50 investing terms, making it easier for traders to start with a strong foundation.
In contrast, GBE Brokers lags behind in educational resources for new traders. They do not provide the minimum of ten educational pieces focused on forex and CFDs, nor do they offer monthly educational webinars or an archive of previous recordings. Moreover, GBE Brokers lacks beginner-focused videos and does not have advanced educational content aimed at experienced traders. Their absence of an extensive investor dictionary further underscores the limited educational support offered to their clients. As a result, Pepperstone is rated 4.5 stars for education, ranked 18th out of 62 brokers by ForexBrokers.com, while GBE Brokers earns a lower rating of 3 stars, positioned at the bottom of the list.
| Feature |
Pepperstone
|
GBE brokers
|
|---|---|---|
| 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 GBE brokers. Pepperstone finished with an overall rank of #16, while GBE brokers finished with an overall rank of #56.
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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GBE brokers
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 71 |
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Both Pepperstone and GBE Brokers do not offer the option to buy actual cryptocurrency, but they do provide the ability to trade cryptocurrency derivatives.
When comparing online brokers Pepperstone and GBE Brokers, both platforms provide a broad range of funding options including ACH, SEPA transfers, PayPal, Skrill, Visa, Mastercard, and bank wires, offering comprehensive flexibility and convenience for depositing and withdrawing account funds.
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 | GBE brokers | |
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| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
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| Regulation | Pepperstone | GBE brokers | |
|---|---|---|---|
| Trust Score | 95 | 71 | |
| Year Founded | 2010 | 2013 | |
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 500 | |
| Forex Pairs (Total) | 65 | 71 | |
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $0 | $500 | |
| 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 | Yes |
| Trading Platforms | Pepperstone | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
|---|---|---|---|
| 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 | GBE brokers | |
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| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
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