Pepperstone
BaFin/FCA/ASIC
XTB
KNF/FCA/CySEC
Pepperstone vs XTB
Head-to-Head Comparison 2026
Our Verdict
Pepperstone has a higher rating of 4.5/5 compared to XTB (4.4/5). Pepperstone is BaFin-regulated, while XTB is supervised by KNF/FCA/CySEC. 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). Execution speed: Pepperstone ~30 ms (Equinix LD5), XTB ~85 ms (Median).
Comparison Table
| Criteria | Pepperstone | XTB |
|---|---|---|
| Rating | 4.5/5 (1800 reviews)✓ | 4.4/5 (2100 reviews) |
| Regulation | BaFin/FCA/ASIC | KNF/FCA/CySEC |
| Fees | 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 |
| Min. Deposit | 0 € | 0 € |
| Instruments | Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices | Stocks, ETFs, CFDs, Forex, Commodities, Indices, Crypto |
| Platforms | MT4, MT5, cTrader, TradingView | xStation 5, xStation Mobile |
| Options Trading | No, but over 1,200 CFD instruments | No, but over 6,000 stocks and ETFs commission-free |
| Spread (typical) | EUR/USD from 0.0 pip (Razor) + $3.50 per lot | EUR/USD from 0.5 pip (Standard) |
| Execution Speed | ~30 ms (Equinix LD5) | ~85 ms (Median) |
| Inactivity Fee | None | €10/month after 12 months of inactivity |
| Founded | 2010 | 2002 |
| Headquarters | Melbourne | Warsaw |
Detailed Comparison
Fee Comparison
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.
XTB: 0% commission on stock CFDs (up to €100,000/month), spreads from 0.1 pip. Minimum deposit: 0 €. Spread: EUR/USD from 0.5 pip (Standard). Inactivity fee: €10/month after 12 months of inactivity.
Execution Quality
Pepperstone
Execution: ~30 ms (Equinix LD5)
XTB
Execution: ~85 ms (Median)
Product Range
Pepperstone (7 categories)
XTB (7 categories)
Trading Platforms
Pepperstone
- MT4
- MT5
- cTrader
- TradingView
XTB
- xStation 5
- xStation Mobile
Regulation & Security
Pepperstone is regulated by BaFin/FCA/ASIC (HQ: Melbourne).
XTB is regulated by KNF/FCA/CySEC (HQ: Warsaw).
Who Is It For?
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
XTB
Publicly traded CFD broker with award-winning xStation platform
✓ Award-winning xStation platform
✓ 0% commission on stocks up to €100,000
✓ Publicly traded company
✗ Inactivity fee after 12 months
✗ No MetaTrader 4/5
Frequently Asked Questions
Is Pepperstone or XTB cheaper?
Which broker offers more products: Pepperstone or XTB?
Which broker is better regulated?
Is Pepperstone or XTB better for beginners?
Pepperstone vs XTB: Which broker is better overall?
How do spreads compare between Pepperstone and XTB?
Do Pepperstone or XTB charge an inactivity fee?
Pepperstone
ECN broker with Razor account and ultra-fast execution
Open Account →From 0 € min. deposit
XTB
Publicly traded CFD broker with award-winning xStation platform
Open Account →From 0 € min. deposit