Robinhood and Pepperstone are leading online brokers with top-tier licenses. Robinhood is the top zero-fee US broker with a Cash Management service. It has transparent practices, no inactivity fees or minimum deposit fees. Robinhood has licenses from the FCA, FSC, and the US SEC. We recommend it for experienced traders based in the USA.
| Broker Name | Robinhood | Pepperstone |
| Year Founded | 2013 | 2010 |
| Regulation | USA | ASIC, FCA, DFSA, CySEC, CMA, SCB, BaFIN |
| Tradable Assets | ETF, Stock, Crypto, Options | CDF’s in Indices, Shares Forex, Commodities, cryptocurrencies |
| Min Deposit | $0 | AUD $200 |
| Min Trade | $0 | AUD $1 |
| Platforms | iOS, Android, Windows, and MacOS | MT4, MT5, cTrader, TradingView |
| Deposit | Free of charge | Free of charge |
| Withdrawals | Free of charge | Free of charge |
Pepperstone is a reliable forex and CFD broker with excellent customer support and account opening processes. It offers 3 account tiers and trading platforms. Pepperstone has licenses from the ASIC, FCA, DFSA, CySEC, CMA, SCB and BaFIN. We recommend it to traders at all levels, from beginners to advanced.
Both online brokers have strengths and weaknesses. This article discusses the differences between Pepperstone and Robinhood.
Top findings from the Robinhood vs. Pepperstone review:
- Pepperstone is a safe broker with top-tier licenses and over 1200+ different instruments limited to forex and CFDs.
- Robinhood is the leading US broker with commission-free stock trading and transparent fee structures.
- Both brokers have no deposit or withdrawal fees.
We recommend Robinhood for US-based experienced traders because of its limited educational resources and market data. Pepperstone is an excellent choice for non-US-based traders of every experience level.
Level of experience
Beginner traders prefer Pepperstone over Robinhood. Pepperstone is a leading provider of educational features and materials, like webinars, videos, and trading guides. Robinhood has no direct research materials or tools, but it offers limited access to 3rd party trading articles.
Fees
Robinhood and Pepperstone have similar fees structure. Both online brokers have no deposit and withdrawal fees. Pepperstone requires a minimum deposit of $200, while Robinhood does not require a minimum deposit. Pepperstone has an inactivity fee, while Robinhood doesn’t.
Assets
Pepperstone has a comprehensive asset offering, including CDFs in indices, shares, forex, mutual funds, commodities, and cryptocurrencies. Robinhood has a limited offering, including ETF, stocks, cryptocurrencies, and options.
Trading platform
Pepperstone offers a broad range of desktop and web trading platforms like the MetaTrader suite. These come with professional learning tools like copy trading, charting, cTrader and TradingView. Pepperstone does not have a proprietary mobile app.
Robinhood has an excellent mobile trading platform with secure authentication and many trading features. It is an excellent choice for long-term investors because of its professional watch lists and standard charting. The web platform is reliable, but it is challenging for beginners. Robinhood has no desktop platform.
Banking services
Banking services offer advantages to traders of all levels of experience. Robinhood provides debit cards to its customers. Pepperstone provides access to debit cards and bank transfers.
Final verdict
Robinhood and Pepperstone are the leading online brokers. Both have advantages and disadvantages depending on your trading needs and experience. We recommend Robinhood to US-based traders who want access to professional tools. Our top recommendation for beginners is Pepperstone because of its research and learning tools.
For full review please visit:
Robinhood review
Pepperstone review
Our Methodology
We took the time to analyze and compare the top 30 international trading platforms. Each firm received its review based on 105 distinct variables and more than 50,000 words of research.
Keep in mind that broker involvement was optional. Each broker had the option to provide a detailed profile and offer adequate time for a yearly update meeting. This opportunity came with two possibilities: giving information over the web or live in person.
We checked all the information provided by brokers with a lot of attention to detail. Our purpose was to offer you access to reliable, accurate, and professional data. Our validation process comes with less than a 1% error rate per year, as all the reviews we share come with a focus on quality and not quantity.
Disclosure
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider if you understand them and if you can afford to lose money.
