BlackBull vs Pepperstone: costs, regulation and platforms compared
BlackBull does not take clients in the EU; for a standard lot of EUR/USD, Pepperstone costs $8.00 all-in in the EU; Pepperstone ranks #1 of 7 ranked brokers there.
BlackBull does not take clients in the UK; for a standard lot of EUR/USD, Pepperstone costs $8.00 all-in in the UK; Pepperstone ranks #1 of 8 ranked brokers there.
BlackBull does not take clients in Australia; for a standard lot of EUR/USD, Pepperstone costs $8.00 all-in in Australia; Pepperstone ranks #1 of 8 ranked brokers there.
For a standard lot of EUR/USD, BlackBull costs $8.00 all-in and Pepperstone $8.00 in other countries; BlackBull ranks #2 and Pepperstone #1 of 13 ranked brokers there.
| Measure | BlackBull Not available in the EU | Pepperstone |
|---|---|---|
| BrokersNest score and rank | 82.29/100 | 91.78/100 · #1 of 7 in the EU (higher score) |
| All-in cost per lot (EUR/USD) | — | $8.00 |
| Typical spread + commission | — | 0.1 pips + $7.00 commission (Razor) |
| Minimum deposit | No minimum deposit on Standard, Prime or Prime+ | No minimum (recommended $200) |
| Max. leverage (retail) | — | 1:30 |
| Regulator and entity | — | Pepperstone EU Limited · CySEC 388/20 |
| Platforms | MT4 · MT5 · cTrader · TradingView · BlackBull CopyTrader · BlackBull Invest | MT4 · MT5 · cTrader · TradingView · Pepperstone Platform |
| Instruments | 26,000+ | 1,300+ |
| Hedging | Available | Available |
| Scalping | Available | Available |
| Demo account | — | Unlimited |
| Withdrawal payout | — | 1 business day |
| Data verified | 12 Nov 2026 | 21 Sep 2026 |
Not linked from your region.
| Measure | BlackBull Not available in the UK | Pepperstone |
|---|---|---|
| BrokersNest score and rank | 82.29/100 | 91.78/100 · #1 of 8 in the UK (higher score) |
| All-in cost per lot (EUR/USD) | — | $8.00 |
| Typical spread + commission | — | 0.1 pips + $7.00 commission (Razor) |
| Minimum deposit | No minimum deposit on Standard, Prime or Prime+ | No minimum (recommended $200) |
| Max. leverage (retail) | — | 1:30 |
| Regulator and entity | — | Pepperstone Limited · FCA 684312 |
| Platforms | MT4 · MT5 · cTrader · TradingView · BlackBull CopyTrader · BlackBull Invest | MT4 · MT5 · cTrader · TradingView · Pepperstone Platform |
| Instruments | 26,000+ | 1,300+ |
| Hedging | Available | Available |
| Scalping | Available | Available |
| Demo account | — | Unlimited |
| Withdrawal payout | — | 1 business day |
| Data verified | 12 Nov 2026 | 21 Sep 2026 |
Not linked from your region.
| Measure | BlackBull Not available in Australia | Pepperstone |
|---|---|---|
| BrokersNest score and rank | 82.29/100 | 91.78/100 · #1 of 8 in Australia (higher score) |
| All-in cost per lot (EUR/USD) | — | $8.00 |
| Typical spread + commission | — | 0.1 pips + $7.00 commission (Razor) |
| Minimum deposit | No minimum deposit on Standard, Prime or Prime+ | No minimum (recommended $200) |
| Max. leverage (retail) | — | 1:30 |
| Regulator and entity | — | Pepperstone Group Limited · ASIC 414530 |
| Platforms | MT4 · MT5 · cTrader · TradingView · BlackBull CopyTrader · BlackBull Invest | MT4 · MT5 · cTrader · TradingView · Pepperstone Platform |
| Instruments | 26,000+ | 1,300+ |
| Hedging | Available | Available |
| Scalping | Available | Available |
| Demo account | — | Unlimited |
| Withdrawal payout | — | 1 business day |
| Data verified | 12 Nov 2026 | 21 Sep 2026 |
Not linked from your region.
| Measure | BlackBull | Pepperstone |
|---|---|---|
| BrokersNest score and rank | 82.29/100 · #2 of 13 globally | 91.78/100 · #1 of 13 globally (higher score) |
| All-in cost per lot (EUR/USD) | $8.00 | $8.00 |
| Typical spread + commission | 0.2 pips + $6.00 commission (ECN Prime) | 0.1 pips + $7.00 commission (Razor) |
| Minimum deposit | No minimum deposit on Standard, Prime or Prime+ | No minimum (recommended $200) |
| Max. leverage (retail) | 1:500 | 1:400 |
| Regulator and entity | Black Bull Group Ltd · BBG Ltd · FMA NZ · FSA Seychelles | Pepperstone Markets Limited · SCB · DFSA · CMA |
| Platforms | MT4 · MT5 · cTrader · TradingView · BlackBull CopyTrader · BlackBull Invest | MT4 · MT5 · cTrader · TradingView · Pepperstone Platform |
| Instruments | 26,000+ | 1,300+ |
| Hedging | Available | Available |
| Scalping | Available | Available |
| Demo account | — | Unlimited |
| Withdrawal payout | — | 1 business day |
| Data verified | 12 Nov 2026 | 21 Sep 2026 |
Not linked from your region.
How we compare: the same verified figures as each broker’s review, scored with one published method. How we rank →
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 53% and 80% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
BlackBull or Pepperstone?
Which is cheaper, BlackBull or Pepperstone?
All-in cost per standard lot of EUR/USD (spread plus commission): in other countries, BlackBull $8.00 and Pepperstone $8.00.
Are BlackBull and Pepperstone regulated in the UK, EU or Australia?
BlackBull takes no retail clients in the UK, the EU or Australia through a local licence; elsewhere it is regulated by FMA NZ · FSA Seychelles. Pepperstone is regulated in the UK (FCA 684312), the EU (CySEC 388/20) and Australia (ASIC 414530).
Which has the lower minimum deposit, BlackBull or Pepperstone?
Minimum deposit at BlackBull: No minimum deposit on Standard, Prime or Prime+. At Pepperstone: No minimum (recommended $200).
How do BlackBull and Pepperstone score in the BrokersNest rankings?
BlackBull scores 82.29/100 and Pepperstone 91.78/100 under our published method.