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 offers competitive pricing for active traders using its Razor account, combined with its Active Trader program. The Razor account operates on a commission-based structure, enhancing its appeal for high-volume traders. On average, users see spreads as low as 0.10 pips for EUR/USD, with an additional commission-equivalent of 0.70 pips, making the overall cost approx 0.80 pips, which closely aligns with the industry standard. However, Pepperstone's Standard account, which doesn’t charge commission, has higher average spreads of 1.1 pips for EUR/USD, making it a pricier option compared to the Razor account.
In contrast, Spreadex provides a more straightforward pricing structure with average spreads of 0.81 pips for EUR/USD as of January 2024. Spreadex achieved a minimum spread of 0.6 pips 60% of the time during this period. While Spreadex offers consistent pricing, high-volume traders may find that Pepperstone's tailored Active Trader program provides greater savings opportunities by rebating a portion of the spreads based on trading volume and custom tiers.
In terms of ratings, Pepperstone receives an impressive 4.5 out of 5 stars, securing the 10th position out of 62 brokers reviewed by ForexBrokers.com for its attractive commissions and fees. Meanwhile, Spreadex, with its solid fee structure, garners a respectable 4-star rating and places 27th in the same ranking. Both brokers provide competitive options, but choice largely depends on trading volume and the need for flexible rebate programs.
| 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.
When comparing the trading platforms and tools of Pepperstone and Spreadex, both brokers offer a range of features tailored to meet the demands of online traders. Pepperstone stands out by providing a proprietary platform, which is a unique, in-house creation, alongside popular platforms like MetaTrader 4 and MetaTrader 5. Additionally, Pepperstone supports both web-based and Windows-based desktop trading options, while Spreadex does not offer a desktop platform compatible with Windows. Although both brokers offer free virtual demo accounts, Pepperstone further distinguishes itself with copy trading options and support for the DupliTrade platform.
In terms of charting capabilities, Pepperstone offers more drawing tools, giving users a choice of 30 options compared to Spreadex's 11. However, both brokers provide the capability to trade directly from stock charts. When it comes to managing watch lists, Spreadex provides a slightly richer experience with eight customizable columns compared to Pepperstone's seven. Despite having similar ratings of four stars for their trading platforms and tools, Pepperstone ranks higher in the ForexBrokers.com list, coming in at #22 compared to Spreadex's #46 rank, suggesting that Pepperstone offers a more comprehensive and versatile trading experience overall.
| Feature |
Pepperstone
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 | 58 |
| 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 provide mobile trading apps for iPhone and Android users. These apps come equipped with features like stock or forex price alerts and the ability to draw trendlines, catering to diverse trading needs. However, when it comes to syncing watchlist symbols with an online account, Pepperstone offers this feature while Spreadex does not. Additionally, Pepperstone's mobile app provides more advanced options for charting, offering 30 technical studies, whereas this information is not available for Spreadex. Both platforms allow users to view multiple time frames on their charts and to create watchlists with real-time quotes.
While both apps have been rated 4 stars for mobile trading, Pepperstone holds an edge over Spreadex due to its charting tools and syncing capabilities. These advantages contribute to Pepperstone's higher ranking at #21 in the Mobile Trading Apps category on ForexBrokers.com, compared to Spreadex's ranking at #46. Unfortunately for Spreadex users, chart drawings cannot be auto-saved, a feature available on Pepperstone's app. For traders who prioritize comprehensive charting and seamless mobile-to-desktop transitions, Pepperstone's app may be the preferable choice.
| 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.
When comparing Pepperstone and Spreadex for their market research offerings, both brokers provide daily market commentary alongside forex news sourced from industry giants like Bloomberg and Reuters. They equally offer technical analysis tools from Autochartist and sentiment-based trading tools, showcasing the ratio of long and short positions across various currency pairs. Moreover, both platforms provide economic calendars to keep traders updated on significant global events. However, neither broker offers market research from TipRanks or tools from Acuity Trading.
Diving into their ratings, Pepperstone is awarded a commendable 4.5 stars for research, ranking 12th among 62 brokers on ForexBrokers.com. In contrast, Spreadex receives a slightly lower rating of 4 stars, placing it at the 31st spot. Despite their similarities in offerings, Pepperstone edges out with a higher rating and ranking, reinforcing its position as a favored choice for traders seeking insightful market research.
| Feature |
Pepperstone
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| 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 comparing the educational resources offered by Pepperstone and Spreadex for beginner traders, Pepperstone stands out with a comprehensive range of options. Pepperstone provides a diverse collection of over ten educational pieces focused on forex and CFDs, which include articles, videos, and archived webinars. They also hold live client webinars monthly and offer a searchable archive for recorded sessions, ensuring easy access for continued learning. Additionally, Pepperstone features over ten educational videos tailored specifically for beginners and another set for advanced traders, covering complex trading topics. A detailed investor dictionary with over 50 investment terms is also available, enhancing their educational support. These resources collectively contribute to Pepperstone's strong rating of 4.5 stars for Education, ranking it 17th out of 62 brokers on ForexBrokers.com.
Spreadex, on the other hand, also delivers educational content, albeit with some differences. It provides a similar range of over ten educational materials concentrating on forex and CFDs with a selection of beginner trading videos. However, Spreadex does not conduct monthly educational webinars, nor do they have a searchable archive of recorded sessions. While they share the resource of an investor dictionary with Pepperstone, the lack of advanced video content is noticeable. Despite these limitations, Spreadex achieves a respectable 4-star rating in Education and is ranked 45th out of 62 brokers according to ForexBrokers.com. Both brokers offer valuable resources, but Pepperstone's thorough approach and additional offerings make it a slightly better choice for newcomers eager to enhance their trading knowledge.
| 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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| 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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2 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 | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 8 | |
| Charting - Indicators / Studies (Total) | 15 | 58 | |
| 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 | Yes | |
| 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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