XM
Pepperstone
VS
Higher Rated
Pepperstone
Capital at risk · T&Cs apply
Compare XM and Pepperstone side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.
XM
Pepperstone
Pepperstone is the better choice overall, scoring 4.1/5 vs 3.9/5 on BrokerRank's independent rating. On fees, Pepperstone offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
Pepperstone
3.9 vs 4.1
Lowest Fees
Pepperstone
0.6 vs 0 pips
Regulation
Tied
3 vs 3 licences
Min. Deposit
Pepperstone
$5 vs $200
XM
Pepperstone
XM
Pepperstone
XM scores 3.92/5 while Pepperstone scores 4.12/5 in our independent rating.
Pepperstone edges ahead overall, but XM may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.
Pepperstone scores higher overall on our independent rating system. XM holds a 3.9/5 rating vs Pepperstone's 4.1/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
XM offers spreads from 0.6 pips, while Pepperstone starts at 0 pips. Check the fees section above for a full breakdown.
XM requires a minimum deposit of $5. Pepperstone requires $200.
XM is regulated by CySEC, ASIC, FCA, while Pepperstone holds licences from ASIC, FCA, CySEC.
XM supports MT4, MT5, Proprietary Mobile. Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.