Broker comparison
Which broker fits your needs?
Platforms, products and fees side by side.
Checked on 22 October 2026
See comparison
Pepperstone
XTBSummary
Pepperstone has a higher rating of 4.5/5 compared to XTB (4.4/5). Oversight: Pepperstone: BaFin/FCA/ASIC; XTB: KNF/FCA/CySEC. Pepperstone: No, but over 1,200 CFD instruments. XTB: No, but over 6,000 stocks and ETFs commission-free. XTB has been in the market since 2002, making it the more experienced provider. On spreads, Pepperstone offers EUR/USD from 0.0 pip (Razor) + $3.50 per lot, while XTB offers EUR/USD from 0.5 pip (Standard).
PepperstoneECN broker with Razor account and ultra-fast execution
XTBPublicly traded CFD broker with award-winning xStation platform
At a glance
| Criterion | Pepperstone | XTB |
|---|---|---|
| Platforms | MT4, MT5, cTrader, TradingView | xStation 5, xStation Mobile |
| Product types | Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices | Stocks, ETFs, CFDs, Forex, Commodities, Indices, Crypto |
| Options trading | No, but over 1,200 CFD instruments | No, but over 6,000 stocks and ETFs commission-free |
| Fee model | Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip | 0% commission on stock CFDs (up to €100,000/month), spreads from 0.1 pip |
| Minimum deposit | 0 € | 0 € |
| Regulation | BaFin/FCA/ASIC | KNF/FCA/CySEC |
| More information | Details | Details |
MT4, MT5, cTrader, TradingView
xStation 5, xStation Mobile
Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices
Stocks, ETFs, CFDs, Forex, Commodities, Indices, Crypto
No, but over 1,200 CFD instruments
No, but over 6,000 stocks and ETFs commission-free
Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
0% commission on stock CFDs (up to €100,000/month), spreads from 0.1 pip
0 €
0 €
BaFin/FCA/ASIC
KNF/FCA/CySEC
Product access and costs depend on market, account and permissions.
Detailed comparison
Compare total costs, not just the order fee.
PepperstoneXTBThe relevant costs depend on market, currency, order size and trading style.
Worked out
Typical months at Pepperstone and XTB, priced from their published fee schedules. Spreads, FX and exchange fees come on top depending on the venue.
| Scenario | Pepperstone | XTB |
|---|---|---|
| ETF savings plan, ≈ €200 a month | —Not offered – ETF CFDs only, no real ETFs/savings plans | €0Savings plans free; 0% commission up to €100k monthly turnover; €0 × 1 |
| 10 stock buys of ≈ €1,000 a month | —Not offered – share CFDs only (commission 0.07–0.20% per side) | €00% up to €100k monthly turnover (then 0.2%, min €10); 10 × €1,000 = €0 |
| 10 lots of EUR/USD a month | US$113Standard account: average EUR/USD spread 1.13 pip × $10 × 10; no commission | —CFD 0% commission; only generic "spreads from 0.00008", no EUR/USD-specific spread published |
| Custody and account fee per year | €0No account-keeping or inactivity fee | €0Account free; 0.02% custody only above €250k avg (removed from 27 Oct 2026) |
Checked on 22 October 2026. Prices can change; the current fee schedule is what counts. Sources: pepperstone.com · pepperstone.com · pepperstone.com · xtb.com · xtb.com · xtb.com
Order type, venue and liquidity affect execution.
PepperstoneCheck the provider’s execution policy and available order types for your account.
Provider informationXTBCheck the provider’s execution policy and available order types for your account.
Provider informationPepperstoneXTBCategories come from broker profiles. Check specific markets and permissions before deciding.
PepperstoneMT4 · MT5 · cTrader · TradingView
Pepperstone offers four trading platforms: MT4 and MT5 for classic forex trading with Expert Advisors and automated strategies. cTrader impresses with a modern interface, advanced charting, Level II price data, and algorithmic trading via cAlgo. TradingView enables social trading with one of the world's largest trader communities. All platforms support the Razor account with raw spreads and offer mobile versions for trading on the go.
Explore platformXTBxStation 5 · xStation Mobile
XTB offers the award-winning xStation 5 and the xStation Mobile app. xStation 5 features a modern interface with real-time charts, over 30 technical indicators, drawing tools, and integrated market analyses. The platform provides a stock scanner, trade calculator, market sentiment display, and performance statistics. The xStation Mobile app mirrors the full range of features on the smartphone. Various order types including stop loss and take profit are supported.
Explore platformXTB
XTB S.A. Zweigniederlassung Deutschland (branch of XTB S.A., Warsaw)
Regulation does not protect against market losses. What counts is the entity you sign the contract with.
Your investor profile
PepperstoneECN broker with Razor account and ultra-fast execution
XTBPublicly traded CFD broker with award-winning xStation platform
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Side by side. Decided with knowledge.
See the differences that matter, and the Academy lessons that explain them.
The table shows what they cost. These lessons show how they earn, which is what the difference is made of.
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Open the lesson →Why the price on screen and the price you get are not the same
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Your next step
PepperstoneECN broker with Razor account and ultra-fast execution
Open accountRead reviewXTBPublicly traded CFD broker with award-winning xStation platform
Open accountRead reviewThe guides worth reading before your first trade, whichever of the two you choose.
