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Side-by-Side Comparison Independent Updated Oct 23, 2026

Pepperstone vs Luminor Invest 2026: Which Broker is Better?

Compare Pepperstone and Luminor Invest side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.

Pepperstone

Luminor Invest

Higher ratedPepperstone logo

Pepperstone

4.1/ 5
Visit Pepperstone →Full review
VS
PepperstoneLuminor Invest
BrokerRank Score4.1/5 ✓3.4/5
Min. Deposit$200$0 ✓
Spread from0 pips0 pips
Max Leverage1:500 ✓1:5
RegulationASIC, FCA, CySECFinantsinspektsioon, FKTK, Lietuvos bankas
PlatformsMT4, MT5, TradingViewProprietary Web, Proprietary Mobile
Quick VerdictBrokerRank recommends
Best for Beginners
Luminor InvestPepperstone
Best for Low Fees
PepperstoneLuminor Invest
Best for Regulation
PepperstoneLuminor Invest
Best Overall
PepperstoneLuminor Invest
Quick Answer

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 below

Pepperstone vs Luminor Invest: Key Differences

Feature

Pepperstone

Luminor Invest

Our Rating
4.1 / 5
3.4 / 5
Min. Deposit
$200
$0
Max Leverage
Spread From
0 pips
0 pips
Commission
$3.5/lot
$0.15/lot
Regulated By
FinantsinspektsioonFKTKLietuvos bankas
Platforms
MT4, MT5, TradingView, Proprietary Mobile
Proprietary Web, Proprietary Mobile
Markets
Forex, Cfd, Crypto, Stocks, Indices, Commodities
Stocks, Etf, Funds, Bonds
Founded
2010
2017
Headquarters
Melbourne, Australia
Tallinn, Estonia
Score
2 / 4
2 / 4

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Fees Comparison

Fee

Pepperstone

Luminor Invest

Lower fees
Spread From
0 pips
0 pips
Commission
$3.5/lot
$0.15/lot
Deposit Fee
None
None
Withdrawal Fee
None
None

BrokerRank Verdict

Pepperstone scores 4.12/5 while Luminor Invest scores 3.41/5 in our independent rating.

Pepperstone edges ahead overall, but Luminor Invest may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.

Who Should Choose Which?

Pepperstone

Pepperstone

4.1/5

Top pick

Choose Pepperstone if you want…

  • Higher overall rating (4.1/5)
  • Higher leverage (up to 1:500)
  • More market types (6)
  • More established (est. 2010)
Luminor Invest

Luminor Invest

3.4/5

Choose Luminor Invest if you want…

  • No minimum deposit

Also consider

View all rankings

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.

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Frequently Asked Questions

1

Is Pepperstone better than Luminor Invest?

Pepperstone scores higher overall on our independent rating system. Pepperstone holds a 4.1/5 rating vs Luminor Invest's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.

2

Which has lower fees, Pepperstone or Luminor Invest?

Pepperstone offers spreads from 0 pips, while Luminor Invest starts at 0 pips. Check the fees section above for a full breakdown.

3

What is the minimum deposit for Pepperstone vs Luminor Invest?

Pepperstone requires a minimum deposit of $200. Luminor Invest requires $0.

4

Which broker is safer, Pepperstone or Luminor Invest?

Pepperstone is regulated by ASIC, FCA, CySEC, while Luminor Invest holds licences from Finantsinspektsioon, FKTK, Lietuvos bankas.

5

What trading platforms do Pepperstone and Luminor Invest support?

Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. Luminor Invest supports Proprietary Web, Proprietary Mobile.

6

Can I use both Pepperstone and Luminor Invest?

Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.

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