Admirals

4.2(1300)

CySEC/FCA/ASIC

Pepperstone

4.5(1800)

BaFin/FCA/ASIC

Admirals vs Pepperstone

Head-to-Head Comparison 2026

Our Verdict

Pepperstone has a higher rating of 4.5/5 compared to Admirals (4.2/5). The minimum deposit is lower at Pepperstone with 0 €. Pepperstone is BaFin-regulated, while Admirals is supervised by CySEC/FCA/ASIC. Admirals has been in the market since 2001, making it the more experienced provider.

Comparison Table

Criteria	Admirals	Pepperstone
Rating	4.2/5 (1300 reviews)	4.5/5 (1800 reviews)✓
Regulation	CySEC/FCA/ASIC	BaFin/FCA/ASIC
Fees	Spreads from 0.5 pip, stock CFDs from $0.02 per share	Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
Min. Deposit	100 €	0 €
Instruments	Forex, CFDs, Stocks CFDs, Indices, Commodities, Crypto, ETFs	Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices
Platforms	MT4, MT5, MetaTrader Supreme Edition, Admirals App	MT4, MT5, cTrader, TradingView
Options Trading	No, CFDs on forex, stocks and more	No, but over 1,200 CFD instruments
Founded	2001	2010
Headquarters	Tallinn	Melbourne

Detailed Comparison

Fee Comparison

Admirals: Spreads from 0.5 pip, stock CFDs from $0.02 per share. Minimum deposit: 100 €.

Pepperstone: Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. Minimum deposit: 0 €.

Product Range

Admirals (7 categories)

ForexCFDsStocks CFDsIndicesCommoditiesCryptoETFs

Pepperstone (7 categories)

ForexCFDsIndicesCommoditiesStocks CFDsCryptoCurrency Indices

Trading Platforms

Admirals

MT4
MT5
MetaTrader Supreme Edition
Admirals App

Pepperstone

MT4
MT5
cTrader
TradingView

Regulation & Security

Admirals is regulated by CySEC/FCA/ASIC (HQ: Tallinn).

Pepperstone is regulated by BaFin/FCA/ASIC (HQ: Melbourne).

Who Is It For?

Admirals

Multi-regulated broker with MetaTrader Supreme Edition

✓ MetaTrader Supreme Edition with extra tools

✓ Comprehensive educational resources

✓ Multiple account types available

✗ Inactivity fee after 24 months

✗ No BaFin regulation

Pepperstone

ECN broker with Razor account and ultra-fast execution

✓ Razor account with raw spreads from 0.0 pip

✓ Fast execution speed

✓ MT4, MT5, cTrader and TradingView

✗ No options trading

✗ No real stocks, only CFDs

Frequently Asked Questions

Is Admirals or Pepperstone cheaper?

Admirals charges Spreads from 0.5 pip, stock CFDs from $0.02 per share. Pepperstone charges Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. The minimum deposit is 100 € at Admirals and 0 € at Pepperstone.

Which broker offers more products: Admirals or Pepperstone?

Admirals offers Forex, CFDs, Stocks CFDs, Indices, Commodities, Crypto, ETFs. Pepperstone offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices.

Which broker is better regulated?

Admirals is regulated by CySEC/FCA/ASIC. Pepperstone is regulated by BaFin/FCA/ASIC. Pepperstone has BaFin regulation, which is particularly advantageous for German investors.

Is Admirals or Pepperstone better for beginners?

Admirals has a minimum deposit of 100 € and offers MT4, MT5, MetaTrader Supreme Edition, Admirals App as platforms. Pepperstone has a minimum deposit of 0 € and offers MT4, MT5, cTrader, TradingView. Pepperstone has the lower entry barrier.

Admirals vs Pepperstone: Which broker is better overall?

The choice between Admirals (4.2/5, 1300 reviews) and Pepperstone (4.5/5, 1800 reviews) depends on your needs. Admirals: Multi-regulated broker with MetaTrader Supreme Edition. Pepperstone: ECN broker with Razor account and ultra-fast execution.

Admirals

Multi-regulated broker with MetaTrader Supreme Edition

Open Account →

From 100 € min. deposit

Pepperstone

ECN broker with Razor account and ultra-fast execution

Open Account →

From 0 € min. deposit

Admirals read review →Pepperstone read review →