Head To Head Forex Broker Comparison Of

Pepperstone vs easyMarkets

Previously we did a review of Pepperstone and review of easyMarkets to show what each broker offers, their key strengths and weaknesses. To help you decide between the two brokers, we have done a comparison of Pepperstone vs easyMarkets forex broker where we look at key features when deciding on a broker to help you decide which broker to go with.

Strengths

1. ECN spreads and low fees
2. Choice of cTrader or MT4 and MT5 Trading Platforms
3. Fast execution speeds
4. Highest leverage
5. Award-Winning Customer Service

1. Range of Risk Management Tools (including dealCancellationand guaranteed stop loss)
2. Low Margin, Zero Spreads + $0 commission
3. Fixed Spreads (no slippage risks)
4. Choice of easy-to-use forex trading platform
5. Personal Account Service Manager and Personal Analyst

Weaknesses

1. No guaranteed negative balance protection
2. Some CFDs Not Offered (ie Shares/Stocks)
3. Minimum deposit of $200.

1. Lower Leverage (compared to industry benchmark)
2. Key Features offered on easyMarkets platform not offered on MT4 platform
3. Free Trade simulator only available for 8 days
4. No Stock/Share Market options

Spreads + Commissions

Spread Value

9.2
Commission Value

9.9
Spread Value

9.2
Commission Value

9.9

Forex Trading Platform

1. MetaTrader 4 with Smart Trader Tools
2. cTrader with cAlgo for trading with robots.

1. easyMarkets (custom platform)
2. MT4 by easyMarkets

Execution Speeds

Trading Speed

10
Trading Speed

10

Leverage

500:1

400:1

Risk Management

1. Margin Stop Loss Order
2. Automated Negative Balance Protection
3. Regulated by Australia Securities & Investments Commission (ASIC)
4. Segregated accounts with National Australia Bank

1. Guaranteed Stops
2. Negative Balance Protection
3. Deal Cancellation
4. Australian Securities and Investments Commission Regulated (ASIC) and Cyprus securities exchange commission

Other CFDs (eg Crypto)

1. Index CFDs
2. Precious Metals
3. Energy
4. Soft Commodities
5. Bitcoin / Bitcoin Cash
6. Ethereum
7. Dash
8. Litecoin

1. Indices / Index (S&P 500, NASDAQ, Dow Jones...)
2. Metals (Gold, Silver, Copper, Platinum, Palladium)
3. Energy Commodities (Energy, Oil, Gas)
4. Soft Commodities (Wheat, Corn, Cotton, Soybeans, Sugar, Coffee, Cocoa)
5. Cryptocurrencies (Bitcoin, Ethereum, Ripple)

Customer Support

Award winning customer support based (Investment Trends.)
1. Live Chat (24/5 hour support.
2. Telephone (24/5 hour support)
3. Call Back request
4. Email Support

1. 24/5 Toll Free Phone support for Australia and and International
2. Live Chat
3. Facebook Messenger
4. Viber
5. Email

Joining Bonus

Bonus Qantas Frequent Flyer Points

Receive 20% or up to a $2000 tradable bonus based on your first deposit.

Funding Methods

1. Credit Card/Debit Cards (Visa and Master Card)
2. PayPal
3. Neteller
4. QIWI
6. Skrill
7. UnionPay
8. Bank Wire Transfer
9. Bpay
10. FasaPay
11. Broker to Broker
12. Poli

1. MasterCard, Visa (excluding China), AMEX, JCB (only Europe)
2. SOFORT (Germany, Austria, Begum, Netherlands, United Kindom)
3. giropay (Germany only)
4. Ideal (Netherlands online)
5. Local Bank Transfer with Ingenico
6. WebMoney (all countries excluding Europe and APAC)
7, BPay (APAC only)
8. Neteller
9. Skrill
10. fasapay (Indonesia only)
11. UnionPay (China only)
12. Bank Wire Transfer

Reviews

Trustpilot
4 out of 5 stars- ‎351 reviews

Trustpilot
5 out of 5 stars - 450 reviews

Recommended For

1. Experienced high volume traders (Active Traders)
2. Traders utilising automated trading and scalping
3. Forex traders who value competent customer support

1. Traders that wish to minimise risks
2. Traders that want fixed spreads and don't want 'slippage' risks
3. Traders that desire a personal account manager

  • Likelihood to Recommend
  • Feature Rating Comparison
  • Pros
  • Cons
  • Likelihood to Review
  • Usability
  • Support
  • Implementation

1. Experienced high volume traders (Active Traders)
2. Traders utilising automated trading and scalping
3. Forex traders who value competent customer support

1. Traders that wish to minimise risks
2. Traders that want fixed spreads and don't want 'slippage' risks
3. Traders that desire a personal account manager

  • Likelihood to Recommend
  • Feature Rating Comparison
  • Pros
  • Cons
  • Likelihood to Review
  • Usability
  • Support
  • Implementation
  • Likelihood to Recommend
  • Feature Rating Comparison
  • Pros
  • Cons
  • Likelihood to Review
  • Usability
  • Support
  • Implementation

Pepperstone vs easyMarkets Fee Comparison

Pepperstone is an ECN forex broker which means that traders directly access liquidity pools while easyMarkets relies on their trading desk. What this means is that Pepperstone has market-based spreads combined with a flat commission while easyMarkets have solely spreads.

Average Spreads (pips)EUR/USDUSD/JPYAUD/USDGBP/USD
Pepperstone0.160.250.270.49
easyMarkets1.21.61.61.9

Pepperstone Razor Forex Trading Account SpreadsPepperstone Edge Razor Trading Account

The most popular Pepperstone forex trading account is the Razor account. This account offers market based spreads from 0.0 pips and a low commission of AU$3.50. Their new active trader program offers rebates for high volume forex traders. This can reduce commissions through rebates as high as $3.00 per lot.

Other benefits of the Edge Pepperstone Razor account are:

  • Over 70 Currency Pairs
  • Trade lots Min / Max 0.01/100 lots
  • Minimum deposit $200
  • Leverage 500:1
  • Scalping and Hedging through expert advisors (called EAs)

easyMarkets Account Types (Super VIP, VIP, Premium, Standard)

There is no primary account for easyMarkets. Instead, there are four accounts that have varying spreads based on the amount deposited. It should be noted that unlike Pepperstone the spreads are fixed making the fees transparent to forex traders. Unlike Pepperstone Razor, there are no commissions charged on any easyMarkets trading account.

easyMarkets Accounts Comparison

Each of the easy Markets accounts also have the following features

  • 97 Currency Pairs
  • 400:1 Leverage
  • No Fees (except for Guaranteed stops)
  • MT4 Expert Advisors (not available with the standard platform)
  • Fixed Spreads

Conclusion On Spreads + Fees

The average spreads on Pepperstone is lower and so are there fees overall. easyMarkets on the other-hand offers more transparency over their fees with fixed spreads that don’t fluctuate over the day. Overall, the lower average spreads of the Razor account make Pepperstone the winner with lower trading brokerage than easyMarkets.

Open a demo account >>Visit Pepperstone >>

 

Pepperstone vs easyMarkets Platform Comparison

Both Pepperstone and easyMarkets offers MetaTrader 4 while Pepperstone also offers cTrader and easyMarkets also offers their own platform. All these fx platforms have demo accounts when you open an account. The demo accounts also can vary in validity before you need to move to a live account.

MetaTrader 4

MT4 offered by both forex brokers has the largest market share of any forex trading platform. This means it’s easy to switch forex brokers as there is no need to learn a new platform when making the switch. The platform is also easy to use and has algorithmic trading features know as Expert Advisors.

Pepperstone Smart Trader Tools for MT4

Know as Smart Trader Tools, Pepperstone has additional features to enhance MetaTrader 4. This includes trade notifications both online or via SMS through the alarm manager, an excel widget known as excel RTD and a trade simulator to test strategies based on historic market data. There is also a stealth order feature allowing traders to place pending order that are hidden from the market.

Other features of Smart Trader Tools include connect offering market information, trading guides and an economic calendar. There is also correlation matrix and trader, both of which help find similarities between assets or markets as well as differences. There is a session map to show when different markets (eg UK) are open which impact forex liquidity. A market manager is also available providing in-depth insights into market prices, pending and open orders. This is ideal for making market reviews.

cTrader

cTrader FX PlatformcTrader is only offered by Pepperstone and is designed for intermediate to advanced forex traders. The fx platform allows traders to access Pepperstone’s deep liquidity pools ideal for algorithmic trading systems. There are also extensive back-testing systems to test these algorithmic systems or to test your own strategies.

cTrader also has an interface that can be customised for a traders needs. It has detachable charts and pre-sets to suit different types of forex traders. Trades can be made from these charts to help make trades when volatility is high. The platform also has a mobile and web based platform for traders that make trades when on-the-go. This can also be ideal for when a trader is at work or on a shared computer which restricts downloaded the full interface onto the PC or mac.

The easyMarkets Forex Trading Platforms

easy markets forex trading platform vs PepperstoneExclusive to easy Markets, this platform has enhanced features unique to easyMarkets. This include dealCancellation discussed below in the risk management feature. There are also guaranteed stop losses and no slippage which are also discussed in the late risk segment of

this Pepperstone vs easyMarkets review.

The platform also has integrated charting and news when making technical analysis. Both forex trading and CFDs can be traded on this platform but automation is not available. There are also easy Markets apps available on Google Play or the App store as well as their web platform which requires no downloads for a computer.

Overall, easyMarkets platform key strength is the ‘risk management’ features. Traders should be aware this platform is proprietary meaning it may be difficult switch to other trading platforms in future.

Forex Trading Platforms Conclusion

Pepperstone has the best forex trading platform for intermediate to expert fx traders with an enhanced MT4 platform and cTrader.

Open a demo account >>Visit Pepperstone >>

EasyMarkets platform is only recommended for those new to trading or with a low risk appetite due to the enhanced risk management explained below.

 

Pepperstone Execution Speed easyMarkets Tools For Risk Management

Pepperstone and easyMarkets utilise different approaches to minimise the potential losses associated with execution. Industry leading technology is used by Pepperstone to reduce risk associated with ‘slippage’. easyMarkets offer risk management tools to guarantee no losses will occur due to slippage.

Pepperstone Edge Technology

Equinix Fiber ConnectThe Pepperstone Edge Technology achieves fast execution through consists of the following methods:

  1. Faster Execution – with  committed fibre optic cable infrastructure.  Using cables managed solely for Pepperstone data transmission purposes means we achieve maximum possible speeds of up 240ms. Pepperstone say this results in a 12x improvement of execution speeds.
  2. Low Latency with 10 optical fibre cross connects direct to Equinox MetaTrader servers near New York financial centre. Pepperstone say  direct connection achieves 10x latency reduction in execution.
  3. One Click Trading –  This is as part of the MT4 platform, traders can execute trades with just one click. This reduces lost time when executing an order.

The technology offered by Pepperstone provides very solid features when it comes to execution speed. Use of dedicated cables and best technology means traders can have confidence the there will be no surprises as ‘slippage’ risks are low.

easyMarkets and Risk Management

easyMarkets offer ‘no slippage’. This is because easyMarkets have range of risk management tools that manage ‘slippage’ risks.

These tools include:
Risk Management easyMarkets

Deal Cancellation– This is a unique feature that is only offered by easyMarkets. Clients can buy ‘protection’ against unfavourable deals within 60 minutes of opening a trade and ‎then have their original trade refunded.‎ ‘dealCancellation‘ means that when faced with a losing position traders ‎can withdraw their position for a small fee. Traders are still able to take profit if price moves favourable

Freeze Rate – helps reduce slippage risks by allowing traders a small amount of extra margin or time to execute their trade at advertised rate. This means even if the actual rate has moved, the frozen rate will be honoured by easyMarkets.

Fixed Spreads – Fixed spreads mean spreads are predictable during market volatility and ‘final’ prices are always transparent.

Guaranteed Stop Loss/Take Profit– Traders can define the maximum amount they are prepared to lose or gain when market conditions change. If price reaches this position then and easyMarkets will close your position and  guarantee to cover any difference.

Negative Balance Protection – easyMarkets have controls in place to ensure client will not lose more than their investment due to slippage. If clients accounts does go into negative then clients account will be returned to $0 and debt will forgiven.

Note: Pepperstone offer negative balance protection and pending orders but do not guarantee them.

Pepperstone vs easyMarkets Execution Conclusion

Clients will need to keep in mind what they require from their brokers. Experienced traders are likely to prefer the faster execution speeds offered by Pepperstone, reducing slippage and spreads. IC Markets is another example of a broker with low spreads and fast execution speed. Inexperience or risk averse traders however may prefer the security of the risk management tools offered by easyMarkets.

Pepperstone vs easyMarkets Leverage

Higher leverage means means greater risks as trader is taking on more debt however it can also mean greater gains. Leverage offered by Pepperstone is higher than offered by easyMarkets at 500:1 compared to 400:1 .

Pepperstone vs easyMarkets Leverage Conclusion

We recommend Pepperstone when it comes to leverage, not becuase of the higher level available but because the you have the option of reducing leverage to lower levels if desired. Traders have no obligation to trade with 500:1.

Pepperstone vs easyMarkets CFDS 

Our table of Pepperstone vs easyMarkets CFDs comparison shows Pepperstone and easyMarkets both offer mostly the same CFDs. easyMarkets allow for trading in copper which is not on offer with Pepperstone while Pepperstone allow for trading in Orange Juice and a Dash cryptocurrency unlike easyMarkets.

Pepperstone vs easyMarkets Bitcoin

The biggest difference between the two brokers is that easyMarkets allow vanilla options when trading which Pepperstone do not. This is when a buyer obtains the right (without the obligation) to buy or sell the CFD at an agreed price at a point in time in future.

Pepperstone vs easyMarkets CFDs Conclusion

Unless you have a specific need to trade with copper, orange juice or you wish to take advantage of vanilla trading options then it is not likely to matter if you select Pepperstone or easyMarkets. You could compare the leverage available for the instrument you wish to trade with if you are looking for higher leverage however keep in mind higher leverage can come with extra risks.

Pepperstone vs easyMarkets Customer Service

Users will find Pepperstone and easyMarkets have live online messaging, phone and email options when it comes to customer service. Customer service is available 24/5 from each provider.

Pepperstone

Fr the past two consecutive years, ‘investment trends’ awarded Pepperstone the title of the most outstanding customer service in the industry. This speaks volumes about the high level of service clients can expect when dealing with their support teams. Their support team is made up of real traders who are therefore excellent at assisting both beginner and experienced traders because they trade themselves.

Pepperstone offer a mix of phone, email and live chat in the following countries – Australia, China, USA, Thailand and United Kingdom.
Pepperstone Customer Service Awards

Customer Service With easyMarkets

Traders with Standard account or Premium Account a limited to certain features from their customer service portfolio as shown by the table.

easyMarkest customer service

Customers that use the Super VIP and VIP account s have access to all customer services. This includes the ‘Personal Account Manager’ which provides information regarding market movements, relevant news that may impact trading decisions and investment tips.

One unique customer service feature offered by easyMarkets is support via Viber and Facebook messenger.

Pepperstone vs easyMarkets Customer Service Conclusion

The award winning customer service offered by Pepperstone is why we are making Pepperstone our recommendation when it comes to support.

Pepperstone vs easyMarkets Joining Bonus

Pepperstone Joining Offer – First Deposit Qantas Points

Pepperstone will reward 10 frequent flyer bonus points for every $1 you deposit the first time you make a deposit. You can gain up to 10,000 points  as part of this bonus program.

Pepperstone Qantas Bonus

easyMarkets Joining Offer – First Deposit Credit and Share and Earn Program

If your first deposit when joining easyMarkets is greater than $100 you will be eligible to receive a ‘First Deposit’ bonus. This bonus will be in the form of extra trading funds. How much you receive will vary by how much you deposit. The more you deposit, the more funds easyMarkets will reward you. To be eligible for the bonus need to join  the bonus program when registering you account.

easyMarkets also offer a refer a friend and partnership program that can result in trading credits for referrals.

Joining Bonus

Pepperstone vs easyMarkets Conclusion – Joining Bonus

Clients that are part of a Qantas frequent flyer program may wish to consider joining Pepperstone. Most traders will however get more value from easyMarkets joining program.

Pepperstone vs easyMarkets Funding Methods

easyMarkets range of financial merchants for deposits and withdrawals is one of the largest on offer among all brokers. Many of these providers however are not generally used in Australia so may not apply to your funding account needs.

Pepperstone

When aa withdrawal request is made before 7am AEST then processing will be done on the same day. If made after this time, funds will be processed one day later. Withdrawals must be deposited into bank accounts that are linked with your registered Pepperstone account and must be in your name. Bank wire withdrawals take a few days longer being up to five business days. There is no charges or fees by Pepperstone for deposits and withdrawals.

Pepperstone Deposit Methods

easyMarkets

easMarkets segragate all funds through ‘Bankwest. This helps protect your funds as easyMarkets have no access to the account.

When withdrawing funds from you bank account you wil be required to withdraw at least $50USD.  eWallets and credit/debit cards do not have minimum withdrawal requirements. While easyMarkets have no deposit or withdrawal fees some fees may be charge by the payment issuer.

The table below shows show funding providers available and fees:

Funding EasyMarketsPepperstone vs easyMarkets  Funding Conclusion

We suggest you research your preferred merchant and their fees when deciding on a broker as their fees will vary and could add to your cost. If Pepperstone don´t offer your preffered mercant then easyMarkets will.

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