United States
United Kingdom
Germany
Netherlands
Australia
United Arab Emirates
Canada
Italy
Spain
Austria
Croatia
Serbia
Portugal
CyprusXM vs Pepperstone
What each one charges, who licenses it, and how they rank against each other country by country.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The short version
We rank both for forex in 8 countries, and Pepperstone comes out ahead in every one of them.
We score each country separately, based on the company that would actually hold your account there, so check your own country in the table below.
We haven't found a fee they both publish in a way we can compare fairly, so the table below just shows what each one charges.
Pepperstone holds top-tier licences from ASIC and FCA; XM has no tier-1 licence.
- Much of XM's business runs through offshore companies, where client protection is usually weaker.Edge: Pepperstone
- We list XM in 8 of the 14 countries we cover and Pepperstone in 11. They overlap in 8.Edge: Pepperstone
- Only Pepperstone supports TradingView and cTrader.
- XM gets more search attention than Pepperstone (Market Signal 48 vs 45). That tells you how well known it is, not how good it is.
Where you can use each one
Where each one ranks on our list in every country we cover, its Coinish Score there, and the company that would hold your account. If a broker isn't allowed to take clients from a country, it isn't on that country's list.
Forex brokers
| Country | XM | Pepperstone |
|---|---|---|
| Austria | #13 of 2858/100EU passport Trading Point of Financial Instruments Ltd · CySEC | #10 of 2860/100EU passport Pepperstone EU Limited · CySEC |
| Croatia | #11 of 2658/100EU passport Trading Point of Financial Instruments Ltd · CySEC | #8 of 2660/100EU passport Pepperstone EU Limited · CySEC |
| Cyprus | #12 of 2858/100Locally licensed Trading Point of Financial Instruments Ltd · CySEC | #9 of 2860/100Locally licensed Pepperstone EU Limited · CySEC |
| Germany | #14 of 2958/100EU passport Trading Point of Financial Instruments Ltd · CySEC | #11 of 2960/100EU passport Pepperstone EU Limited · CySEC |
| Italy | #14 of 3158/100EU passport Trading Point of Financial Instruments Ltd · CySEC | #11 of 3160/100EU passport Pepperstone EU Limited · CySEC |
| Netherlands | #13 of 2858/100EU passport Trading Point of Financial Instruments Ltd · CySEC | #10 of 2860/100EU passport Pepperstone EU Limited · CySEC |
| Portugal | #13 of 2958/100EU passport Trading Point of Financial Instruments Ltd · CySEC | #10 of 2960/100EU passport Pepperstone EU Limited · CySEC |
| Spain | #14 of 2958/100EU passport Trading Point of Financial Instruments Ltd · CySEC | #11 of 2960/100EU passport Pepperstone EU Limited · CySEC |
| Australia | Not listed | #11 of 1660/100Locally licensed Pepperstone Group Limited · ASIC |
| United Arab Emirates | Not listed | #8 of 1158/100Locally licensed Pepperstone Financial Services (DIFC) Ltd · DFSA |
| United Kingdom | Not listed | #12 of 1761/100Locally licensed Pepperstone Limited · FCA |
CFD brokers
| Country | XM | Pepperstone |
|---|---|---|
| Austria | #15 of 3058/100EU passport Trading Point of Financial Instruments Ltd · CySEC | #12 of 3060/100EU passport Pepperstone EU Limited · CySEC |
| Croatia | #13 of 2858/100EU passport Trading Point of Financial Instruments Ltd · CySEC | #10 of 2860/100EU passport Pepperstone EU Limited · CySEC |
| Cyprus | #14 of 3058/100Locally licensed Trading Point of Financial Instruments Ltd · CySEC | #11 of 3060/100Locally licensed Pepperstone EU Limited · CySEC |
| Germany | #16 of 3158/100EU passport Trading Point of Financial Instruments Ltd · CySEC | #13 of 3160/100EU passport Pepperstone EU Limited · CySEC |
| Italy | #16 of 3358/100EU passport Trading Point of Financial Instruments Ltd · CySEC | #13 of 3360/100EU passport Pepperstone EU Limited · CySEC |
| Netherlands | #15 of 3058/100EU passport Trading Point of Financial Instruments Ltd · CySEC | #12 of 3060/100EU passport Pepperstone EU Limited · CySEC |
| Portugal | #15 of 3158/100EU passport Trading Point of Financial Instruments Ltd · CySEC | #12 of 3160/100EU passport Pepperstone EU Limited · CySEC |
| Spain | #16 of 3158/100EU passport Trading Point of Financial Instruments Ltd · CySEC | #13 of 3160/100EU passport Pepperstone EU Limited · CySEC |
| Australia | Not listed | #13 of 1860/100Locally licensed Pepperstone Group Limited · ASIC |
| United Arab Emirates | Not listed | #9 of 1258/100Locally licensed Pepperstone Financial Services (DIFC) Ltd · DFSA |
| United Kingdom | Not listed | #13 of 1861/100Locally licensed Pepperstone Limited · FCA |
Fees and features side by side
| XM | Pepperstone | |
|---|---|---|
| Products | Forex, CFDs | Forex, CFDs |
| Owner | Trading Point Holdings Ltd | Pepperstone Group |
| EUR/USD all-in cost | Not verified yet | 0.7 pips, Razor (min spread 0.0 pips + $3.50 per lot per side) |
| Inactivity fee | Not verified yet | None |
| Withdrawal fee | None | $20, international bank withdrawals only; other methods free |
| Minimum deposit | $5 (Trading Point of Financial Instruments Ltd) | $10 (Pepperstone Markets Limited) |
| Instruments | 1,000+ | 1,350+ |
| Platforms | MetaTrader 4, MetaTrader 5 | MT4, MT5, cTrader, TradingView |
| Deposit methods | Not verified yet | Debit/credit card, Apple Pay, Google Pay, PayPal, Skrill, Neteller, Bank transfer, Crypto |
| Withdrawal time (stated) | processed within 24 hours (1 business day) once verified | up to 1 business day (cards, e-wallets, crypto); bank transfer up to 7 business days |
| Demo account | Yes | Yes |
| Support | live chat · 24/7 | email, phone · 24/7 |
Every figure comes from the broker's own pages or its regulator. You'll find the sources in each review (XM, Pepperstone).
Licences
XM
- Trading Point of Financial Instruments Ltd: CySEC (Tier 2)
- XM Global Limited: FSC Belize (Tier 3 (offshore))
XM vs Pepperstone: common questions
Which is better, XM or Pepperstone?
We rank both for forex in 8 countries, and Pepperstone comes out ahead in every one of them. For reference, XM's best ranking is #11 of 26 forex brokers in Croatia, and Pepperstone's best ranking is #8 of 26 forex brokers in Croatia.
Is XM cheaper than Pepperstone?
We haven't been able to compare their fees like for like yet. The fees table on this page shows what each one publishes.
Is XM or Pepperstone better regulated?
Pepperstone holds top-tier licences from ASIC and FCA; XM has no tier-1 licence. Which company you actually sign up with depends on where you live; the country table on this page names it for each one.
Can I use both XM and Pepperstone where I live?
We list XM in 8 of the 14 countries we cover and Pepperstone in 11. They overlap in 8. For forex, you'll find both on our lists in Austria, Croatia, Cyprus, Germany, Italy, Netherlands, Portugal and Spain.