XM Group vs. Pepperstone

0
Regal Wallet Banner

XM Group and Pepperstone are top online brokers with top-tier licenses. XM Group is a safe broker with licenses from the FCA, IFSC, CySEC, and ASIC. It offers access to impressive educational content and market research it is an excellent choice for traders at all levels, especially beginner investors. 

Pepperstone is a trustworthy broker with licenses from the ASIC, FCA, DFSA, CySEC, CMA, SCB and BaFIN. It offers 3 account tiers and professional trading platforms. We recommend Pepperstone for experienced investors as it offers access to premium trading tools. 

This article discusses the strengths and weaknesses between XM Group and Pepperstone. 

xm-vs-pepperstone
Broker NameXM GroupPepperstone
Year Founded20092010
RegulationASIC, FCA, CySEC, IFSCASIC, FCA, DFSA, CySEC, CMA, SCB, BaFIN
Tradable AssetsForex, CFDCDF’s in Indices, Shares Forex, Commodities, cryptocurrencies
Min Deposit$5-100AUD $200
Min Trade$0AUD $1
PlatformsMT4, MT5MT4, MT5, cTrader, TradingView
DepositFree of chargeFree of charge
WithdrawalsFree of chargeFree of charge

Top findings from the XM Group vs. Pepperstone review:  

  1. XM Group is a beginner-friendly brokerage firm with a valuable learning center. 
  1. Pepperstone is a top provider of educational features and materials for professional and beginner investors. 
  1. Both brokers offer a demo account to test their offering. 

XM is a popular beginner-friendly broker with access to many research and education tools. Pepperstone offers many educational features for traders at all levels. 

Level of experience  

XM provides access to the full MetaTrader suite. It offers an excellent online trading experience with beginner-friendly services. XM has many learning tools, including a virtual account. 

Pepperstone offers premium educational features and materials. It has webinars, advanced trading videos, and trading guides. We recommend it for traders of all levels of experience who want access to impressive trading materials. 

Fees  

The minimum deposit fee at XM ranges between $5 and $100, depending on the brokerage account you choose. Pepperstone has a standard minimum deposit fee of $200. The average EUR/USD spread at XM is 1.6, while at Pepperstone is 0.77. 

Assets  

Pepperstone offers 61 forex currency pairs, while XM has 57 available pairs. XM offers access to 1372 CFDs, while Pepperstone has 1200+ available CFDs. 

Trading platform  

XM doesn’t have a proprietary platform, but it offers the MT4 and MT5 suites. These are highly customizable and easy to learn. XM provides access to a comprehensive research center with articles and trading signals. This broker has many educational tools, including trading videos. 

Pepperstone has a comprehensive portfolio with desktop and web platforms. It offers the MetaTrader suite, cTrader, TradingView and professional learning tools. Pepperstone doesn’t have a proprietary mobile app. 

Banking services  

Banking services offer advantages to traders of all levels of experience. Pepperstone offers many funding solutions, including bank transfers and credit/debit cards. XM Group has bank transfers, credit/debit cards, and Skrill as its funding options 

Final verdict  

XM Group and Pepperstone are top online brokers. Both have advantages and disadvantages, depending on your trading style and skills. We recommend XM for beginners, as it has many learning tools. Pepperstone is a good fit for traders at all levels who want access to professional trading services. 

XM compared to other brokers:

XM review


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

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 how well you understand them and if you can afford to lose your money.

Previous articlePlus500 vs Pepperstone
Next articleSaxo Bank vs Pepperstone
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

LEAVE A REPLY

Please enter your comment!
Please enter your name here