Pepperstone
Firstrade
VS
Higher Rated
Pepperstone
Capital at risk · T&Cs apply
Choosing between Pepperstone and Firstrade depends on your trading style, preferred markets, and budget. Pepperstone is headquartered in Melbourne, Australia, while Firstrade operates from New York, USA. Firstrade has the longer track record, established in 1985, compared to Pepperstone which was founded in 2010. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Pepperstone
Firstrade
| Pepperstone | Firstrade | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.4/5 |
| Min. Deposit | $200 | $0 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 ✓ | 1:2 |
| Regulation | ASIC, FCA, CySEC ✓ | SEC, CFTC |
| Platforms | MT4, MT5, TradingView | Proprietary Web, Proprietary Mobile |
Pepperstone is the better choice overall, scoring 4.1/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Pepperstone offers lower spreads (0 pips).
See full side-by-side comparison belowPepperstone
Firstrade
Pepperstone
Firstrade
Lower feesPepperstone holds licences from ASIC, FCA, CySEC. Firstrade is regulated by SEC, CFTC.
Both brokers offer access to Stocks, Indices markets. Pepperstone additionally covers Forex, Cfd, Crypto.
Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. Firstrade offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Mobile.
Pepperstone requires a minimum deposit of $200, while Firstrade sets no minimum deposit. This makes Firstrade accessible to traders with any budget.
BrokerRank scores Pepperstone at 4.12/5 and Firstrade at 3.41/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Pepperstone leads overall with a clear advantage.
Pepperstone
4.1/5
Choose Pepperstone if you want…
Firstrade
3.4/5
Choose Firstrade if you want…
Pepperstone scores higher overall on our independent rating system. Pepperstone holds a 4.1/5 rating vs Firstrade's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Pepperstone offers spreads from 0 pips, while Firstrade starts at 0 pips. Check the fees section above for a full breakdown.
Pepperstone requires a minimum deposit of $200. Firstrade requires $0.
Pepperstone is regulated by ASIC, FCA, CySEC, while Firstrade holds licences from SEC, CFTC.
Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. Firstrade supports Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.