Pepperstone
Monex
VS
Higher Rated
Pepperstone
Capital at risk · T&Cs apply
Choosing between Pepperstone and Monex depends on your trading style, preferred markets, and budget. Pepperstone is headquartered in Melbourne, Australia, while Monex operates from Tokyo, Japan. Monex has the longer track record, established in 1999, 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
Monex
| Pepperstone | Monex | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.4/5 |
| Min. Deposit | $200 | $0 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 ✓ | 1:3 |
| Regulation | ASIC, FCA, CySEC ✓ | FSA, SEC |
| Platforms | MT4, MT5, TradingView | Proprietary Web, Proprietary Mobile, TradeStation JP |
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
Monex
Pepperstone
Monex
Lower feesPepperstone holds licences from ASIC, FCA, CySEC. Monex is regulated by SEC, FSA.
Both brokers offer access to Forex, Crypto, Stocks markets. Pepperstone additionally covers Cfd, Indices. Monex adds Etf.
Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. Monex offers Proprietary Web, Proprietary Mobile, TradeStation JP. Both brokers are available on Proprietary Mobile.
Pepperstone requires a minimum deposit of $200, while Monex sets no minimum deposit. This makes Monex accessible to traders with any budget.
BrokerRank scores Pepperstone at 4.12/5 and Monex at 3.42/5, 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…
Monex
3.4/5
Choose Monex if you want…
Pepperstone scores higher overall on our independent rating system. Pepperstone holds a 4.1/5 rating vs Monex'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 Monex starts at 0 pips. Check the fees section above for a full breakdown.
Pepperstone requires a minimum deposit of $200. Monex requires $0.
Pepperstone is regulated by ASIC, FCA, CySEC, while Monex holds licences from FSA, SEC.
Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. Monex supports Proprietary Web, Proprietary Mobile, TradeStation JP.
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.