Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs Spreadex, 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 and Spreadex are both well-known online brokers, yet they differ significantly in terms of trust and regulation. Founded in 2010, Pepperstone is a more recent entrant to the market but is highly regarded with a Trust Score of 95 out of 99 from ForexBrokers.com, categorizing it as highly trusted. This broker holds three Tier-1 licenses, indicating strong regulatory compliance. In contrast, Spreadex, established in 1999, holds a Trust Score of 71, placing it in the average risk category. It holds one Tier-1 license and is more limited in regulatory oversight compared to Pepperstone. Neither Pepperstone nor Spreadex are publicly traded or operate as banks.
When considering regulatory trustworthiness, Pepperstone stands out for its superior licensing and higher Trust Score. Its possession of additional Tier-1 and Tier-2 licenses reassures potential investors about its commitment to compliance and safety. Spreadex, having been in the industry for longer, holds fewer licenses and scores lower on the trust scale, which may be an important factor for those prioritizing security and regulation in their broker selection. Ultimately, both companies provide trading services, but Pepperstone's stronger regulatory footprint positions it as the more secure choice for users prioritizing trust and oversight.
| Feature |
Pepperstone
|
Spreadex
|
|---|---|---|
| Year Founded | 2010 | 1999 |
| 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 | 0 |
Pepperstone stands out for its competitive commission and fees structure, especially for high-volume traders using the Razor account paired with the Active Trader program. This combination results in an all-in cost of 0.80 pips for the EUR/USD, making it an appealing option for traders seeking lower costs. However, its Standard account has a commission-free setup with an average spread of 1.1 pips for the same currency pair, which is less attractive compared to the Razor account. Notably, professional traders in the UK, EU, and Australia can benefit from substantial rebates based on trading volume under the Active Trader program, making Pepperstone a flexible choice for diverse trading needs. Pepperstone enjoys a 4.5-star rating and holds the 10th position among 62 brokers for commissions and fees.
Spreadex provides an alternative for traders, offering an average spread of 0.81 pips on the EUR/USD. It reached a minimum spread of 0.6 pips 60% of the time in January 2024, making it competitive in terms of cost efficiency relative to its rivals. Unlike Pepperstone, Spreadex operates without a specific high-volume trading program, which could appeal to traders who prefer straightforward pricing without complex tiers. Spreadex receives a 4-star rating and is ranked 30th out of 62 brokers for commissions and fees, reflecting its solid but less extensive offerings compared to top-tier competitors.
| Feature |
Pepperstone
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.00 | 0.81 |
| 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 | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and Spreadex both offer extensive options for forex trading, allowing customers to engage in CFD or spot contracts. While Pepperstone provides access to 1,726 tradeable symbols, Spreadex significantly broadens this range with 10,000 available symbols, giving investors a considerably wider selection. For forex enthusiasts, Pepperstone edges ahead slightly with 65 tradeable forex pairs compared to Spreadex's 52. However, neither platform allows the purchase of exchange-traded securities on either U.S. or international exchanges. When it comes to cryptocurrency, both brokers offer derivatives but not the actual delivery of cryptocurrencies.
An interesting point of difference is Pepperstone’s ability to offer copy trading, a feature absent from Spreadex's suite of offerings. Despite this, Spreadex is rated higher overall for their range of investments, earning five stars compared to Pepperstone’s four. This higher rating is reflected in Spreadex's higher ranking by ForexBrokers.com, where it stands at 13th compared to Pepperstone’s 26th. This suggests that while both brokers provide substantial investment opportunities, Spreadex's broader range may make it more appealing to investors seeking diverse options.
| Feature |
Pepperstone
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 10000 |
| Forex Pairs (Total) | 65 | 52 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 Spreadex provide distinct experiences for traders across their trading platforms and tools. Pepperstone stands out by offering a free virtual demo account, allowing traders to practice without financial risk, while Spreadex does not have this feature. Both platforms boast proprietary systems developed in-house, with Pepperstone also providing MetaTrader 4 and MetaTrader 5 support, which are popular choices for many traders. Spreadex, on the other hand, does not support these platforms. Additionally, Pepperstone offers options for copy trading and supports DupliTrade, which Spreadex lacks. Both brokers do have web-based trading platforms, providing flexibility to trade directly from web browsers.
For more advanced trading features, Pepperstone offers a comprehensive toolkit with 30 drawing tools for charting, compared to Spreadex's 11. Both platforms allow direct trading from stock charts, making it easier to execute trades effectively. When it comes to watch lists, Spreadex slightly surpasses Pepperstone with eight columns available compared to seven. Although both brokers receive a four-star rating for their trading platforms and tools, Pepperstone ranks 22nd among 62 brokers in this category, while Spreadex ranks 46th, highlighting Pepperstone's relative advantage in trading platform offerings.
| Feature |
Pepperstone
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 55 |
| Charting - Drawing Tools (Total) | 30 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Spreadex both offer mobile trading apps for iPhone and Android users, providing essential tools like stock and forex price alerts. While both platforms allow you to draw trendlines and view multiple time frames on stock or forex charts, Pepperstone's app stands out with its feature of watchlist symbol syncing. This means any changes you make on the mobile app will automatically sync with your online account, a feature missing in Spreadex. Additionally, Pepperstone supports auto-saving of chart drawings, which offers users a seamless experience.
When it comes to charting capabilities, Pepperstone provides 30 technical studies within its app, a feature not available with Spreadex. Both apps allow you to create watchlists with real-time quotes. Despite both platforms receiving a four-star rating for their mobile trading apps, Pepperstone is ranked higher by ForexBrokers.com, sitting at #21 out of 62 brokers, while Spreadex is at #49. This comparison highlights Pepperstone's slight advantage in terms of functionality and user experience in mobile trading.
| Feature |
Pepperstone
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone and Spreadex both deliver daily market commentary and provide forex news sourced from renowned outlets like Bloomberg and Reuters. While they share these strengths, a key difference lies in their access to the Autochartist toolset. Pepperstone integrates Autochartist's technical and fundamental research tools, enhancing traders' analytical capabilities, whereas Spreadex doesn’t offer this feature. Both platforms lack resources from Trading Central and remain without market research from TipRanks or Acuity Trading tools like Signal Centre. However, each features a sentiment-based trading tool for gauging market leanings and includes an economic calendar to keep traders informed of significant global events.
In terms of research quality, Pepperstone edges ahead with a rating of 4.5 stars compared to Spreadex's 4 stars. This higher rating is reflected in Pepperstone's superior rank, achieving the 12th spot out of 62 brokers assessed by ForexBrokers.com, significantly outpacing Spreadex, which is positioned at 31. This distinction highlights Pepperstone's comprehensive market research offerings that cater to the needs of traders seeking in-depth analysis tools and up-to-date market insights.
| Feature |
Pepperstone
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| 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 beginners, Pepperstone and Spreadex both offer extensive content to help newcomers understand forex and CFDs. Both platforms provide a minimum of 10 educational pieces, including articles, videos, and archived webinars focused on forex or CFDs. Notably, Pepperstone excels with monthly online educational webinars and a searchable archive of past sessions, while Spreadex lacks these features. This is beneficial for those who prefer live interaction and access to a library of recorded content for learning at their own pace.
In terms of video content, both brokers offer at least 10 beginner-oriented videos, making it easier for new traders to get acquainted with fundamental concepts. However, Pepperstone extends its video library to include over 10 advanced trading videos, catering to more experienced traders, a feature not shared by Spreadex. Both firms provide an investor dictionary with definitions for over 50 investing terms, supporting traders in building a strong foundational vocabulary. Ranked 18th by ForexBrokers.com in the education category out of 62 brokers, Pepperstone receives 4.5 stars, a superior rating when compared to Spreadex's 4 stars and 45th rank, indicating a broader and more engaging educational offering.
| Feature |
Pepperstone
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| 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 Spreadex. Pepperstone finished with an overall rank of #16, while Spreadex finished with an overall rank of #39.
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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Spreadex
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|---|---|---|
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| Trust Score | 95 | 71 |
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Both Pepperstone and Spreadex do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide the option to trade cryptocurrency derivatives instead.
When comparing online brokers Pepperstone and Spreadex, Pepperstone stands out with a wider range of deposit and withdrawal options, offering ACH, SEPA transfers, PayPal, and Skrill, alongside Visa, Mastercard, and bank wires, whereas Spreadex provides only Visa, Mastercard, and bank wires, lacking support for ACH, SEPA, PayPal, and Skrill transactions.
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 | Spreadex | |
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| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Spreadex Review |
| Broker Screenshots | Pepperstone | Spreadex | |
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| Regulation | Pepperstone | Spreadex | |
|---|---|---|---|
| Trust Score | 95 | 71 | |
| Year Founded | 2010 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | Spreadex | |
|---|---|---|---|
| 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 | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Pepperstone | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 10000 | |
| Forex Pairs (Total) | 65 | 52 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | 0.81 | |
| 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 | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| 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 | No |
| Trading Platforms | Pepperstone | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Pepperstone | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 8 | |
| Charting - Indicators / Studies (Total) | 15 | 55 | |
| Charting - Drawing Tools (Total) | 30 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | Spreadex | |
|---|---|---|---|
| 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 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Pepperstone | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Pepperstone | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | Pepperstone | Spreadex | |
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| Trust Score | 95 | 71 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Spreadex Review |
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