FXCM

4(980)

FCA

Pepperstone

4.5(1800)

BaFin/FCA/ASIC

FXCM vs Pepperstone

Head-to-Head Comparison 2026

Our Verdict

Pepperstone has a higher rating of 4.5/5 compared to FXCM (4/5). Pepperstone offers 7 instrument types, while FXCM offers 5. The minimum deposit is lower at Pepperstone with 0 €. Pepperstone is BaFin-regulated, while FXCM is supervised by FCA. FXCM has been in the market since 1999, making it the more experienced provider.

Comparison Table

Criteria	FXCM	Pepperstone
Rating	4/5 (980 reviews)	4.5/5 (1800 reviews)✓
Regulation	FCA	BaFin/FCA/ASIC
Fees	Spreads from 0.2 pip on Active Trader, from 1.3 pip Standard	Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
Min. Deposit	50 €	0 €
Instruments	Forex, CFDs, Indices, Commodities, Crypto	Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices
Platforms	Trading Station, MT4, TradingView, FXCM API	MT4, MT5, cTrader, TradingView
Options Trading	No, forex and CFD trading	No, but over 1,200 CFD instruments
Spread (typical)	EUR/USD from 1.3 pip (Standard), 0.2 pip (Active Trader) + commission	EUR/USD from 0.0 pip (Razor) + $3.50 per lot
Execution Speed	—	~30 ms (Equinix LD5)
Inactivity Fee	$50/year after 12 months of inactivity	None
Founded	1999	2010
Headquarters	London	Melbourne

Detailed Comparison

Fee Comparison

FXCM: Spreads from 0.2 pip on Active Trader, from 1.3 pip Standard. Minimum deposit: 50 €. Spread: EUR/USD from 1.3 pip (Standard), 0.2 pip (Active Trader) + commission. Inactivity fee: $50/year after 12 months of inactivity.

Pepperstone: Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. Minimum deposit: 0 €. Spread: EUR/USD from 0.0 pip (Razor) + $3.50 per lot.

Execution Quality

FXCM

No data available

Pepperstone

Execution: ~30 ms (Equinix LD5)

Product Range

FXCM (5 categories)

ForexCFDsIndicesCommoditiesCrypto

Pepperstone (7 categories)

ForexCFDsIndicesCommoditiesStocks CFDsCryptoCurrency Indices

Trading Platforms

FXCM

Trading Station
MT4
TradingView
FXCM API

Pepperstone

MT4
MT5
cTrader
TradingView

Regulation & Security

FXCM is regulated by FCA (HQ: London).

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

Who Is It For?

FXCM

Established forex broker with Trading Station and API access

✓ Proprietary Trading Station platform

✓ API access for algorithmic trading

✓ Low minimum deposit

✗ Limited product range

✗ 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 FXCM or Pepperstone cheaper?

FXCM charges Spreads from 0.2 pip on Active Trader, from 1.3 pip Standard. Pepperstone charges Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. The minimum deposit is 50 € at FXCM and 0 € at Pepperstone.

Which broker offers more products: FXCM or Pepperstone?

FXCM offers Forex, CFDs, Indices, Commodities, Crypto. Pepperstone offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices.

Which broker is better regulated?

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

Is FXCM or Pepperstone better for beginners?

FXCM has a minimum deposit of 50 € and offers Trading Station, MT4, TradingView, FXCM API as platforms. Pepperstone has a minimum deposit of 0 € and offers MT4, MT5, cTrader, TradingView. Pepperstone has the lower entry barrier.

FXCM vs Pepperstone: Which broker is better overall?

The choice between FXCM (4/5, 980 reviews) and Pepperstone (4.5/5, 1800 reviews) depends on your needs. FXCM: Established forex broker with Trading Station and API access. Pepperstone: ECN broker with Razor account and ultra-fast execution.

How do spreads compare between FXCM and Pepperstone?

FXCM offers typical spreads of EUR/USD from 1.3 pip (Standard), 0.2 pip (Active Trader) + commission. Pepperstone offers EUR/USD from 0.0 pip (Razor) + $3.50 per lot. Tighter spreads reduce trading costs especially for active trading.

Do FXCM or Pepperstone charge an inactivity fee?

FXCM: $50/year after 12 months of inactivity. Pepperstone: no inactivity fee.

FXCM

Established forex broker with Trading Station and API access

Open Account →

From 50 € min. deposit

Pepperstone

ECN broker with Razor account and ultra-fast execution

Open Account →

From 0 € min. deposit

FXCM read review →Pepperstone read review →