Top Global Forex Brokers - Pepperstone vs XM – ASIC and FCA UK Forex Brokers Comparison

Top Global Forex Brokers

30-12-2023 • 0 seconds

Pepperstone is an internet based CFD (Contract for Difference) and Forex trading site who offers traders in different parts of the world with cutting edge technology for trading the global financial market. XM on the other hand is an online broker providing traders around the globe with range of trading facilities. XM broker gives traders an opportunity of trading Forex as well as CFDs on stock, stock indices, commodities, energies and metals from a similar trading account. Both XM and Pepperstone are controlled in an utmost hub. However, XM provides its customers with access to 57 varying currency pairs while Pepperstone has 59 available pairs. General Overview for XM and Pepperstone XM is a European Union award-winning broker offering range of trading items and types of accounts on two top-notch platforms functioning under competitive terms and conditions. The broker offers lucrative bonuses and Negative Balance Protection to its clients. Pepperstone is amongst the top brokerages situated in Australia. The broker is popular in providing transparent pricing, reasonable trading costs, extremely low spreads and real fast execution. XM and Pepperstone are generally no dealing desk kind of brokers and both offer accounts having lower spreads with ECN trading conditions such as a commission charged, no price rejections or requites. Both brokers also offer STP accounts whereby spreads may be high yet commissions are not charged. Pepperstone can provide more markets for ECN trading, but XM can offer more markets to trade for STP trading. Both traders are regulated in Australia by the ASIC and in the United Kingdom by the FCA. However, XM is also regulated in Cyprus by the CYSEC. Pepperstone can generally be considered to be more of an Electronic Control Network (ECN) broker that also offers STP trading. XM on the other hand is more of a Straight Through Processing (STP) broker that also offers ECN execution model with XM Zero account. However, both Pepperstone and XM offer STP and ECN in no dealing desk terms. Pepperstone offers its clients with three platforms i.e. MetaTrader5, cTrader and MetaTrader4 to choose from. When trading with XM, you will be provided both MetaQuotes;s platforms i.e. MT4 (MetaTrader4) and MT5 (MetaTrader5) Pepperstone provides its customers a range of payment options including Bank Wire, Debit/Credit cards, Local Bank Deposit, Skrill, Bpay, Neteller, PayPal, Union Pay, FasaPay, WeMoney, BPay, QIWI and POLI. XM accepts only the Local Payment methods that are most commonly used currently such as Debit/Credit Card, Skrill, Neteller, and Bank Wire Transfer among others. These broker covers all withdrawal and deposit fees for payments conducted through Skrill Moneybookers, Neteller and all the major credit cards like MasterCard, VISA Electron, VISA, China UnionPay, Maestro, etc. As a pepperstone client, the minimum amount you will be required to deposit in your account in order to qualify to begin trading is 200 AUD or an equivalent amount of another currency. If you will consider opening an account with XM, as a trader you will only require to invest just 5 dollars in your account. This is a low minimum amount which is affordable and attractive when compared with the amount required by other brokers which on average is 150 dollars as a start. The commission charged by Pepperstone is 2.61 pounds or 3.76 USD per standard lot traded per side. A commission of 3.50 USD per lot traded per side is charged by XM broker on their XM Zero account. XM provides flexible leverage running from 1:1 to 1:500. As a trader trading with XM, using leverage means you will be able to trade positions which are larger than the cash amount you deposit in your account. The Leverage amount is always expressed in ration form. For instance, if you have 10,000 USD in your trading account, 50:1 leverage ratio means you can trade with an amount as higher as 500,000 USD. Pepperstone offers a maximum leverage of 500:1. Bottom Line As you have seen, Pepperstone and XM are brokers with varying terms of operation. It is vital you utilize the aforementioned factors when comparing the two brokers prior to considering the one to liaise with. However, despite the kind of broker you will choose i.e. between XM and Pepperstone, it is vital you do your research accordingly so that you can discover your own trading strategies that will help you effectively minimize losses and maximize profits when dealing with any broker. Rate this brokers comparison: [ratings]



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