Broker comparison

Pepperstone vs.
XTB

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

Pepperstone has a higher rating of 4.5/5 compared to XTB (4.4/5). Pepperstone is BaFin-regulated, while XTB is supervised by KNF/FCA/CySEC. XTB has been in the market since 2002, making it the more experienced provider. On spreads, Pepperstone offers EUR/USD from 0.0 pip (Razor) + $3.50 per lot, while XTB offers EUR/USD from 0.5 pip (Standard). Execution speed: Pepperstone ~30 ms (Equinix LD5), XTB ~85 ms (Median).

ECN broker with Razor account and ultra-fast execution

Publicly traded CFD broker with award-winning xStation platform

At a glance

The key differences

Criterion
PlatformsMT4, MT5, cTrader, TradingViewxStation 5, xStation Mobile
Product typesForex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency IndicesStocks, ETFs, CFDs, Forex, Commodities, Indices, Crypto
Options tradingNo, but over 1,200 CFD instrumentsNo, but over 6,000 stocks and ETFs commission-free
Fee modelRazor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip0% commission on stock CFDs (up to €100,000/month), spreads from 0.1 pip
Minimum deposit0 €0 €
RegulationBaFin/FCA/ASICKNF/FCA/CySEC
More informationDetailsDetails

Platforms

Pepperstone

MT4, MT5, cTrader, TradingView

XTB

xStation 5, xStation Mobile

Product types

Pepperstone

Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices

XTB

Stocks, ETFs, CFDs, Forex, Commodities, Indices, Crypto

Options trading

Pepperstone

No, but over 1,200 CFD instruments

XTB

No, but over 6,000 stocks and ETFs commission-free

Fee model

Pepperstone

Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip

XTB

0% commission on stock CFDs (up to €100,000/month), spreads from 0.1 pip

Minimum deposit

Pepperstone

0 €

XTB

0 €

Regulation

Pepperstone

BaFin/FCA/ASIC

XTB

KNF/FCA/CySEC

More information

Pepperstone

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

Razor 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
See terms at provider

0% commission on stock CFDs (up to €100,000/month), spreads from 0.1 pip

Published fee
0% commission on stock CFDs (up to €100,000/month), spreads from 0.1 pip
Minimum deposit
0 €
Inactivity
€10/month after 12 months of inactivity
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Execution quality

Order type, venue and liquidity affect execution.

Check the provider’s execution policy and available order types for your account.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

ForexCFDsIndicesCommoditiesStocks CFDsCryptoCurrency Indices
StocksETFsCFDsForexCommoditiesIndicesCrypto

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

MT4 · 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 platform

xStation 5 · xStation Mobile

XTB offers the award-winning xStation 5 and the xStation Mobile app. xStation 5 features a modern interface with real-time charts, over 30 technical indicators, drawing tools, and integrated market analyses. The platform provides a stock scanner, trade calculator, market sentiment display, and performance statistics. The xStation Mobile app mirrors the full range of features on the smartphone. Various order types including stop loss and take profit are supported.

Explore platform

Regulation & security

BaFin/FCA/ASIC

Regulatory information

KNF/FCA/CySEC

Regulatory information

Regulation does not prevent market losses. The relevant authority depends on the contracting entity.

Your investor profile

Who might it suit?

ECN 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

Publicly traded CFD broker with award-winning xStation platform

  • Award-winning xStation platform
  • 0% commission on stocks up to €100,000
  • Publicly traded company
  • Inactivity fee after 12 months
  • No MetaTrader 4/5

Find the broker that fits

Pepperstone oder XTB?

Side by side. Decided with knowledge.

See the differences that matter, and the Academy lessons that explain them.

Pepperstone4.5
  • Razor account with raw spreads from 0.0 pip
  • Fast execution speed
  • MT4, MT5, cTrader and TradingView
XTB4.4
  • Award-winning xStation platform
  • 0% commission on stocks up to €100,000
  • Publicly traded company
VS
  • Fees
  • Platform
  • Regulation
  • Matching lessons
Two brokers. Many options. Your call.
Open The Dealing Room

Your questions

Frequently asked questions

How do fees differ between Pepperstone and XTB?
Pepperstone: Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. XTB: 0% commission on stock CFDs (up to €100,000/month), spreads from 0.1 pip. Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: Pepperstone or XTB?
Pepperstone offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices. XTB offers Stocks, ETFs, CFDs, Forex, Commodities, Indices, Crypto.
How are Pepperstone and XTB regulated?
The broker profiles list BaFin/FCA/ASIC for Pepperstone and KNF/FCA/CySEC for XTB. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is Pepperstone or XTB better for beginners?
Pepperstone lists a 0 € minimum deposit and offers MT4, MT5, cTrader, TradingView. XTB lists 0 € and offers xStation 5, xStation Mobile. Compare usability, available products and costs for your intended use.
Pepperstone vs XTB: Which broker is better overall?
The choice between Pepperstone (4.5/5, 1800 reviews) and XTB (4.4/5, 2100 reviews) depends on your needs. Pepperstone: ECN broker with Razor account and ultra-fast execution. XTB: Publicly traded CFD broker with award-winning xStation platform.
How do spreads compare between Pepperstone and XTB?
Pepperstone offers typical spreads of EUR/USD from 0.0 pip (Razor) + $3.50 per lot. XTB offers EUR/USD from 0.5 pip (Standard). Tighter spreads reduce trading costs especially for active trading.
Do Pepperstone or XTB charge an inactivity fee?
Pepperstone: no inactivity fee. XTB: €10/month after 12 months of inactivity.

Your next step

Your next step

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Before you pick a broker

The guides worth reading before your first trade, whichever of the two you choose.

Options risks & opportunitiesWhat you can lose, and what the risk buys you.Options taxes in GermanyFlat-rate tax, loss offsetting and allowances.Options trading basicsStrike, expiry, underlying: the building blocks of every option.
Terms in the glossary:MarginPremiumCall optionUnderlyingExercise