Pepperstone vs FXTM 2026: Which Broker is Better?
Choosing between Pepperstone and FXTM depends on your trading style, preferred markets, and budget. Pepperstone is headquartered in Melbourne, Australia, while FXTM operates from Limassol, Cyprus. Pepperstone has the longer track record, established in 2010, compared to FXTM which was founded in 2011. 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
FXTM
| Pepperstone | FXTM | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.6/5 |
| Min. Deposit | $200 | $10 ✓ |
| Spread from | 0 pips ✓ | 0.1 pips |
| Max Leverage | 1:500 | 1:2000 ✓ |
| Regulation | ASIC, FCA, CySEC | FCA, CySEC, FSCA |
| Platforms | MT4, MT5, TradingView | MT4, MT5 |
Pepperstone is the better choice overall, scoring 4.1/5 vs 3.6/5 on BrokerRank's independent rating. On fees, Pepperstone offers lower spreads (0 pips).
See full side-by-side comparison belowPepperstone vs FXTM: Key Differences
Pepperstone
WinnerFXTM
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Fees Comparison
Pepperstone
FXTM
Regulation & Trust
Pepperstone holds licences from ASIC, FCA, CySEC. FXTM is regulated by FCA, CySEC, FSCA.
Markets & Assets
Both brokers offer access to Forex, Cfd, Stocks, Indices markets. Pepperstone additionally covers Crypto. FXTM adds Commodities.
Fees & Spreads
On spreads, Pepperstone is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.1 pips at FXTM.
Trading Platforms
Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. FXTM offers MT4, MT5. Both brokers are available on MT4, MT5.
Minimum Deposit
Pepperstone requires a minimum deposit of $200, while FXTM sets a minimum deposit of $10. Both are suitable for traders with moderate starting capital.
Overall Ratings
BrokerRank scores Pepperstone at 4.12/5 and FXTM at 3.59/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Pepperstone leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Pepperstone
4.1/5
Choose Pepperstone if you want…
- Higher overall rating (4.1/5)
- Tighter spreads (from 0 pips)
- More market types (6)
- More established (est. 2010)
FXTM
3.6/5
Choose FXTM if you want…
- Lower minimum deposit ($10)
- Higher leverage (up to 1:2000)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both Pepperstone & FXTM are available in
Frequently Asked Questions
1Is Pepperstone better than FXTM?
Pepperstone scores higher overall on our independent rating system. Pepperstone holds a 4.1/5 rating vs FXTM's 3.6/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Pepperstone or FXTM?
Pepperstone offers spreads from 0 pips, while FXTM starts at 0.1 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Pepperstone vs FXTM?
Pepperstone requires a minimum deposit of $200. FXTM requires $10.
4Which broker is safer, Pepperstone or FXTM?
Pepperstone is regulated by ASIC, FCA, CySEC, while FXTM holds licences from FCA, CySEC, FSCA.
5What trading platforms do Pepperstone and FXTM support?
Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. FXTM supports MT4, MT5.
6Can I use both Pepperstone and FXTM?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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