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120 possible pairs

Pepperstone
against
Eightcap

Same data, same method as every profile on the site. Only the two names change. Pepperstone is $2.00 cheaper per round turn; whether that is the deciding factor depends on how often you trade. Pepperstone is $2.00 cheaper per round turn; whether that is the deciding factor depends on how often you trade. Pepperstone is $2.00 cheaper per round turn; whether that is the deciding factor depends on how often you trade. Pepperstone is $2.00 cheaper per round turn; whether that is the deciding factor depends on how often you trade.

Column A Best overall
Pepperstone
FCA · ASIC · CySEC · BaFin · DFSA · SCB · CMA (Kenya) · est. 2010
92.00
index score
$8.00
all-in per lot
$8.00
all-in per lot
$8.00
all-in per lot
$8.00
all-in per lot
Column B Best for crypto CFDs
Eightcap
ASIC · FCA · CySEC · SCB · est. 2009
73.92
index score
$10.00
all-in per lot
$10.00
all-in per lot
$10.00
all-in per lot
$10.00
all-in per lot
The verdict

Close enough that the tiebreak is you.

Pepperstone and Eightcap are 18.08 points apart. Neither is meaningfully the better broker overall; they are better at different things, and the right answer depends on which of those things you will actually use.

Cheaper to trade
Pepperstone

$2.00 less per round turn, all-in. Multiply by how often you trade to see what that is worth to you.

Cheaper to trade
Pepperstone

$2.00 less per round turn, all-in. Multiply by how often you trade to see what that is worth to you.

Cheaper to trade
Pepperstone

$2.00 less per round turn, all-in. Multiply by how often you trade to see what that is worth to you.

Cheaper to trade
Pepperstone

$2.00 less per round turn, all-in. Multiply by how often you trade to see what that is worth to you.

Lower minimum deposit
Pepperstone

$100 less to open an account.

Lower minimum deposit
Pepperstone

$100 less to open an account.

Lower minimum deposit
Pepperstone

$100 less to open an account.

Lower minimum deposit
Pepperstone

$100 less to open an account.

Higher score
Pepperstone

92.00 against 73.92. The weights behind that are published in full on the methodology page.

What it costs you

A pip of difference, compounded.

Tell it how you trade. A gap that looks tiny on one trade gets hard to ignore over a year.

1.0
20
Holding period

Closed before the daily rollover, so financing never applies. The whole cost is spread plus commission.

$0
estimated annual cost, this pattern
$0
estimated annual cost, this pattern

An estimate from each broker's published spread, commission and overnight financing. It isn't a live quote. Longer holding patterns assume the stated number of nights per round turn.

Metric sheet

Every measured number, side by side.

Green marks the better figure. Equal figures stay unmarked, and where "better" depends on how you trade, we say so.

Measure
Pepperstone
Eightcap
Why it matters
Index score
Cost
92.00
73.92
Our weighted score across five categories.
All-in cost per lot
Cost
$8.00
$10.00
Spread plus commission, one round turn.
All-in cost per lot
Cost
$8.00
$10.00
Spread plus commission, one round turn.
All-in cost per lot
Cost
$8.00
$10.00
Spread plus commission, one round turn.
All-in cost per lot
Cost
$8.00
$10.00
Spread plus commission, one round turn.
EUR/USD spread
Cost
0.1 pip Razor
1 pip Standard
The cost that moves most per trade.
EUR/USD spread
Cost
0.1 pip Razor
1 pip Standard
The cost that moves most per trade.
EUR/USD spread
Cost
0.1 pip Razor
1 pip Standard
The cost that moves most per trade.
EUR/USD spread
Cost
0.1 pip Razor
1 pip Standard
The cost that moves most per trade.
Commission per round turn
Cost
$7.00
$0.00
Zero commission usually means a wider spread.
Commission per round turn
Cost
$7.00
$0.00
Zero commission usually means a wider spread.
Commission per round turn
Cost
$7.00
$0.00
Zero commission usually means a wider spread.
Commission per round turn
Cost
$7.00
$0.00
Zero commission usually means a wider spread.
Overnight financing
Cost
$9.40/night
$9.90/night
Your largest cost beyond about a fortnight.
Overnight financing
Cost
$9.40/night
$9.90/night
Your largest cost beyond about a fortnight.
Overnight financing
Cost
$9.40/night
$9.90/night
Your largest cost beyond about a fortnight.
Overnight financing
Cost
$9.40/night
$9.90/night
Your largest cost beyond about a fortnight.
Minimum deposit
Access
$0
$100
Matters at the start and never again.
Minimum deposit
Access
$0
$100
Matters at the start and never again.
Minimum deposit
Access
$0
$100
Matters at the start and never again.
Minimum deposit
Access
$0
$100
Matters at the start and never again.
Withdrawal time
Execution
1 business day
1 business day
How long until the money reaches your bank.
Licence
Safety
FCA · ASIC · CySEC · BaFin · DFSA · SCB · CMA (Kenya)
ASIC · FCA · CySEC · SCB
The company that would open your account.
Licence
Safety
FCA · ASIC · CySEC · BaFin · DFSA · SCB · CMA (Kenya)
ASIC · FCA · CySEC · SCB
The company that would open your account.
Licence
Safety
FCA · ASIC · CySEC · BaFin · DFSA · SCB · CMA (Kenya)
ASIC · FCA · CySEC · SCB
The company that would open your account.
Licence
Safety
FCA · ASIC · CySEC · BaFin · DFSA · SCB · CMA (Kenya)
ASIC · FCA · CySEC · SCB
The company that would open your account.
Compensation cover
Safety
UK: FSCS up to £85k · EU: ICF up to €20k · AU: no statutory compensation scheme · GL: none
UK: FSCS up to £85k · EU: ICF up to €20k · AU: no statutory compensation scheme · GL: none
What exists if the firm fails. Not all entities have any.
Compensation cover
Safety
UK: FSCS up to £85k · EU: ICF up to €20k · AU: no statutory compensation scheme · GL: none
UK: FSCS up to £85k · EU: ICF up to €20k · AU: no statutory compensation scheme · GL: none
What exists if the firm fails. Not all entities have any.
Compensation cover
Safety
UK: FSCS up to £85k · EU: ICF up to €20k · AU: no statutory compensation scheme · GL: none
UK: FSCS up to £85k · EU: ICF up to €20k · AU: no statutory compensation scheme · GL: none
What exists if the firm fails. Not all entities have any.
Compensation cover
Safety
UK: FSCS up to £85k · EU: ICF up to €20k · AU: no statutory compensation scheme · GL: none
UK: FSCS up to £85k · EU: ICF up to €20k · AU: no statutory compensation scheme · GL: none
What exists if the firm fails. Not all entities have any.
Platforms
Access
MT4, MT5, cTrader, TradingView, Pepperstone Platform
MT4, MT5, TradingView, TradeLocker
Where your orders go in.
Asset classes
Access
Forex, Indices, Commodities, Crypto, Stocks, Energies
Forex, Indices, Commodities, Crypto, Stocks
Breadth only matters if you trade the breadth.
Asset classes
Access
Forex, Indices, Commodities, Crypto, Stocks, Energies
Forex, Indices, Commodities, Crypto, Stocks
Breadth only matters if you trade the breadth.
Asset classes
Access
Forex, Indices, Commodities, Crypto, Stocks, Energies
Forex, Indices, Commodities, Crypto, Stocks
Breadth only matters if you trade the breadth.
Asset classes
Access
Forex, Indices, Commodities, Crypto, Stocks, Energies
Forex, Indices, Commodities, Crypto, Stocks
Breadth only matters if you trade the breadth.
Support
Access
24/5 phone · live chat
24/5 live chat
How to reach a human when it matters.
Demo account
Access
Unlimited
30 days
An expiring demo is a sales device.
Trading since
Safety
2010
2009
Longevity is weak evidence, but it is evidence.
Pick Pepperstone if
→

You trade often enough that the cheaper cost per lot adds up.

→

You want cTrader or TradingView or Pepperstone Platform alongside MetaTrader.

→

You want a licensed entity in most regions we cover.

→

You trade often enough that the cheaper cost per lot adds up.

→

You want cTrader or TradingView or Pepperstone Platform alongside MetaTrader.

→

You want a licensed entity in most regions we cover.

→

You trade often enough that the cheaper cost per lot adds up.

→

You want cTrader or TradingView or Pepperstone Platform alongside MetaTrader.

→

You want a licensed entity in most regions we cover.

→

You trade often enough that the cheaper cost per lot adds up.

→

You want cTrader or TradingView or Pepperstone Platform alongside MetaTrader.

→

You want a licensed entity in most regions we cover.

Pick Eightcap if
→

You want TradingView or TradeLocker alongside MetaTrader.

→

You want a licensed entity in most regions we cover.

→

A longer track record counts for something.

→

You want TradingView or TradeLocker alongside MetaTrader.

→

You want a licensed entity in most regions we cover.

→

A longer track record counts for something.

→

You want TradingView or TradeLocker alongside MetaTrader.

→

You want a licensed entity in most regions we cover.

→

A longer track record counts for something.

→

You want TradingView or TradeLocker alongside MetaTrader.

→

You want a licensed entity in most regions we cover.

→

A longer track record counts for something.

The pairs readers compare most.