FXCMSpreads from 0.2 pip on Active Trader, from 1.3 pip Standard
- Published fee
- Spreads from 0.2 pip on Active Trader, from 1.3 pip Standard
- Minimum deposit
- 50 €
- Inactivity
- $50/year after 12 months of inactivity
Broker comparison
FXCM vs.
Pepperstone
Which broker fits your needs?
Platforms, products and fees side by side.
Updated: October 2026
See comparisonFXCM
PepperstoneVS
Summary
Your goal decides.
Pepperstone has a higher rating of 4.5/5 compared to FXCM (4/5). Pepperstone offers 7 instrument types, while FXCM offers 5. The minimum deposit is lower at Pepperstone with 0 €. Pepperstone is BaFin-regulated, while FXCM is supervised by FCA. FXCM has been in the market since 1999, making it the more experienced provider.
FXCMEstablished forex broker with Trading Station and API access
PepperstoneECN broker with Razor account and ultra-fast execution
At a glance
The key differences
| Criterion | FXCM | Pepperstone |
|---|---|---|
| Platforms | Trading Station, MT4, TradingView, FXCM API | MT4, MT5, cTrader, TradingView |
| Product types | Forex, CFDs, Indices, Commodities, Crypto | Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices |
| Options trading | No, forex and CFD trading | No, but over 1,200 CFD instruments |
| Fee model | Spreads from 0.2 pip on Active Trader, from 1.3 pip Standard | Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip |
| Minimum deposit | 50 € | 0 € |
| Regulation | FCA | BaFin/FCA/ASIC |
| More information | Details | Details |
Platforms
FXCM
Trading Station, MT4, TradingView, FXCM API
Pepperstone
MT4, MT5, cTrader, TradingView
Product types
FXCM
Forex, CFDs, Indices, Commodities, Crypto
Pepperstone
Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices
Options trading
FXCM
No, forex and CFD trading
Pepperstone
No, but over 1,200 CFD instruments
Fee model
FXCM
Spreads from 0.2 pip on Active Trader, from 1.3 pip Standard
Pepperstone
Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
Minimum deposit
FXCM
50 €
Pepperstone
0 €
Regulation
FXCM
FCA
Pepperstone
BaFin/FCA/ASIC
Product access and costs depend on market, account and permissions.
Detailed comparison
Comparing fees
Compare total costs, not just the order fee.
FXCMPepperstoneRazor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
- Published fee
- Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
- Minimum deposit
- 0 €
- Spread figure
- EUR/USD from 0.0 pip (Razor) + $3.50 per lot
The relevant costs depend on market, currency, order size and trading style.
Execution quality
Order type, venue and liquidity affect execution.
FXCMCheck the provider’s execution policy and available order types for your account.
Provider informationPepperstoneCheck the provider’s execution policy and available order types for your account.
Provider informationProduct range
FXCMForexCFDsIndicesCommoditiesCrypto
PepperstoneForexCFDsIndicesCommoditiesStocks CFDsCryptoCurrency Indices
Categories come from broker profiles. Check specific markets and permissions before deciding.
Trading platforms
FXCMTrading Station · MT4 · TradingView · FXCM API
FXCM offers Trading Station, MT4, TradingView, and the FXCM API as trading platforms. Trading Station is the main platform with advanced charting, over 60 indicators, backtesting, and strategy development. MT4 is available for automated trading with Expert Advisors. TradingView provides a social charting environment. The FXCM API enables the development of customized trading systems and algorithmic strategies. All platforms are also available as mobile versions.
Explore platformPepperstoneMT4 · MT5 · cTrader · TradingView
Pepperstone offers four trading platforms: MT4 and MT5 for classic forex trading with Expert Advisors and automated strategies. cTrader impresses with a modern interface, advanced charting, Level II price data, and algorithmic trading via cAlgo. TradingView enables social trading with one of the world's largest trader communities. All platforms support the Razor account with raw spreads and offer mobile versions for trading on the go.
Explore platformRegulation does not prevent market losses. The relevant authority depends on the contracting entity.
Your investor profile
Who might it suit?
FXCMEstablished forex broker with Trading Station and API access
- Proprietary Trading Station platform
- API access for algorithmic trading
- Low minimum deposit
- Limited product range
- No BaFin regulation
PepperstoneECN broker with Razor account and ultra-fast execution
- Razor account with raw spreads from 0.0 pip
- Fast execution speed
- MT4, MT5, cTrader and TradingView
- No options trading
- No real stocks, only CFDs
Find the broker that fits
FXCM oder Pepperstone?
Side by side. Decided with knowledge.
See the differences that matter, and the Academy lessons that explain them.
VS
- Fees
- Platform
- Regulation
- Matching lessons
Two brokers. Many options. Your call.
Your questions
Frequently asked questions
How do fees differ between FXCM and Pepperstone?
FXCM: Spreads from 0.2 pip on Active Trader, from 1.3 pip Standard. Pepperstone: Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: FXCM or Pepperstone?
FXCM offers Forex, CFDs, Indices, Commodities, Crypto. Pepperstone offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices.
How are FXCM and Pepperstone regulated?
The broker profiles list FCA for FXCM and BaFin/FCA/ASIC for Pepperstone. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is FXCM or Pepperstone better for beginners?
FXCM lists a 50 € minimum deposit and offers Trading Station, MT4, TradingView, FXCM API. Pepperstone lists 0 € and offers MT4, MT5, cTrader, TradingView. Compare usability, available products and costs for your intended use.
FXCM vs Pepperstone: Which broker is better overall?
The choice between FXCM (4/5, 980 reviews) and Pepperstone (4.5/5, 1800 reviews) depends on your needs. FXCM: Established forex broker with Trading Station and API access. Pepperstone: ECN broker with Razor account and ultra-fast execution.
How do spreads compare between FXCM and Pepperstone?
FXCM offers typical spreads of EUR/USD from 1.3 pip (Standard), 0.2 pip (Active Trader) + commission. Pepperstone offers EUR/USD from 0.0 pip (Razor) + $3.50 per lot. Tighter spreads reduce trading costs especially for active trading.
Do FXCM or Pepperstone charge an inactivity fee?
FXCM: $50/year after 12 months of inactivity. Pepperstone: no inactivity fee.
Your next step
Your next step
FXCMEstablished forex broker with Trading Station and API access
Open accountRead reviewPepperstoneECN broker with Razor account and ultra-fast execution
Open accountRead reviewKeep learning
Before you pick a broker
The guides worth reading before your first trade, whichever of the two you choose.