Pepperstone and Capital.com are leading global Forex brokers, but which one should you trust for your Forex portfolios?

I have conducted an in-depth review of Pepperstone vs. Capital.com to determine which broker is the better overall choice and which traders will benefit most from each.

Headquarters
AustraliaCyprus
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBASIC, CySEC, FCA, NBRB, SCB
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established
20102016
Execution Type(s)
No Dealing Desk, NDDMarket Maker
Minimum Deposit
$0$20 by card
Trading Platform(s)
Other, MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Trading View+MetaTrader 4, Proprietary platform, Web-based
Average Trading Cost EUR/USD
1.1 pips0.6 pips
Average Trading Cost GBP/USD
1.4 pips1.3 pips
Average Trading Cost WTI Crude Oil
$2.50 $0.03
Average Trading Cost Gold
$0.15$0.30
Retail Loss Rate
74-89%N/A
Minimum Raw Spreads
0.0 pipsN/A
Minimum Standard Spreads
1.0 pipsN/A
Minimum Commission for Forex
6.00 per round lot (cTrader) / $7.00 per round lot (MT4/MT5)N/A
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
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A snapshot of the most notable advantages of Pepperstone:

  • Low Pepperstone trading fees and a volume-based rebate program
  • Capitalise AI MT4 plugin for algorithmic trading in a code-free environment
  • VPS hosting for 24/5 low-latency Forex trading
  • Deep liquidity pools and NDD order execution
  • Average order execution speeds of 30 milliseconds
  • 28-plugin Smart Trader Tools package and Autochartist upgrades for MT4
  • TradingView for social traders to engage with 50M+ peers

A snapshot of the most notable advantages of Capital.com:

  • Cutting-edge,web-based trading platform with AI-powered post-trade analysis
  • 0.025 seconds average execution speed
  • MT4 for algorithmic traders and API for advanced algorithmic trading
  • Three-tier volume-based rebates
  • TradingView for social traders
  • Capital.com Education Hub

Features and Platforms

MT4
MT5
cTrader
Proprietary Platform
Automated Trading
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
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Available Markets

Currency Pairs
N/A
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)
N/A
ETFs
Futures
Synthetics
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Both brokers maintain a well-balanced asset selection. Pepperstone offers 1,350+ trading instruments, including currency indices, versus 3,500+ at Capital.com.

Why Capital.com is a better choice for most traders:

  • A leading cryptocurrency and Forex broker with 126 crypto CFDs and 123 currency pairs
  • Lower fees with superior volume-based rebates
  • Faster order execution

Typical Spreads and Fees

Average Trading Cost EUR/USD
1.1 pips0.6 pips
Average Trading Cost GBP/USD
1.4 pips1.3 pips
Average Trading Cost WTI Crude Oil
$2.50 $0.03
Average Trading Cost Gold
$0.15$0.30
Average Trading Cost Bitcoin
25$106
Minimum Raw Spreads
0.0 pipsN/A
Minimum Standard Spreads
1.0 pipsN/A
Minimum Commission for Forex
6.00 per round lot (cTrader) / $7.00 per round lot (MT4/MT5)N/A
Deposit Fee
N/A
Withdrawal Fee
N/A
Inactivity Fee
$0N/A
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Pepperstone offers commission-free and commission-based accounts versus commission-free at Capital.com, but which is cheaper?

Pepperstone and Capital.com offer identical core spreads in their commission-free accounts. While Capital.com has higher-rewarding volume-based rebates, Pepperstone takes an overall lead due to lower average spreads thanks to its ECN/NDD order execution and post-order processing.

Account Types

Account Types
Pepperstone
Capital.com
Commission-free Accounts
Yes
Yes
Commission-based Accounts
Yes
No
Demo Accounts
Yes
Yes
Islamic Accounts
Yes
No
Social / Copy Trading
Yes
Yes
Managed Accounts
Yes
No

While Pepperstone account types include commission-free and commission-based accounts, the core trading fees are identical at both brokers. Capital.com counters with an equally competitively priced commission-free account.

Are there any other noteworthy differences in the account structure between Pepperstone and Capital.com?

Here is what stands out the most:

  • There is no Pepperstone minimum deposit
  • Pepperstone supports more account base currencies
  • Capital.com offers a professional account
  • Both brokers offer volume-based rebates
  • Both brokers support multiple payment processors

Minimum Deposit

Deposit Snapshot
Pepperstone
Capital.com
Minimum Deposit
$0
$10
Deposit Fees
Third-party
Third-Party
E-wallets
Yes
Yes
Cryptocurrencies
No
Yes
Localized Methods
Yes
Yes
Total Deposit Methods
9
14
Supported Deposit Currencies
10
12

How Difficult Is It to Deposit at Pepperstone vs. Capital.com?

Pepperstone has no minimum deposit requirement, while Capital.com has a small $10 minimum deposit. Pepperstone and Capital.com support multiple low-cost payment processors, including localized options, with instant to near-instant processing times, but the latter also supports cryptocurrency deposits. Neither broker levies internal deposit fees. Therefore, the ease of depositing at Pepperstone ranks on par with Capital.com.

Minimum Withdrawal

Withdrawal Snapshot
Pepperstone
Capital.com
Minimum Withdrawal
$0 (payment processor dependent)
$20
Internal Withdrawal Fees
$0 (third-party processing fees may apply)
$0 (third-party fees may apply)
Internal Processing Times
Same-day to 24 hours
Within one business day

Which Withdrawal Process Is Better, Pepperstone or Capital.com?

The Pepperstone finance department processes withdrawals the same day if traders make their requests before 12:00 AEST/AEDT. Capital.com processes 98.5% of withdrawal requests within 24 hours. Neither broker levies internal withdrawal fees, but traders should consider third-party charges, currency conversion fees, and follow-on costs. Overall, Pepperstone withdrawals rank equally to Capital.com withdrawals.

Security and Trust

Country of the Regulator
United Arab Emirates, Australia, The Bahamas, Cyprus, Germany, Kenya, United KingdomAustralia, The Bahamas, Belarus, Cyprus, United Kingdom
Name of the Regulator
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBASIC, CySEC, FCA, NBRB, SCB
Regulatory License Number
414530, 91279, 128, 388/20, F004356, 684312, F217793714, 193225654, 319/17, 513393, SIA-F245
Regulatory Tier
N/A1, 5, 1, 1, 4
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Pepperstone has a longer operational track record than Capital.com, but both rank among the most secure and trusted brokers. The segregation of client deposits and negative balance protection exists at Pepperstone and Capital.com.

Pepperstone versus Capital.com Verdict

Pepperstone

Pros
Cons
Excellent choice of trading platforms consisting of MT4/MT5 and cTrader
The competitiveness of trading conditions depends on the operating subsidiary
Market-leading MT4/MT5 upgrade package, Autochartist, and API trading
Social trading via Pepperstone Copy Trading in partnership with Pelican Trading
Leverage of up to 1:500 and superb trade execution

Capital.com

Pros
Cons
Excellent Forex and cryptocurrency selection
Leverage for retail clients restricted to 1:30
A competitive commission-free pricing environment
Limited deposit and withdrawal methods for many international clients
Award-winning proprietary trading platform alongside MT4
High-quality educational section built around Investmate

Which Forex Broker Is Better?

Pepperstone and Capital.com are industry-leading brokers, and I recommend traders test the brokers’ trading environments in their respective demo accounts.

Here is my verdict:

While I rank Capital.com as the better choice for advanced crypto traders, Pepperstone has an overall edge with its cutting-edge trading tools, trading services, and infrastructure.

FAQs

Can you trade crypto with Capital.com or Pepperstone?

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Capital.com and Pepperstone offer crypto trading via CFDs.

What are the hidden fees on Capital.com?

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Capital.com has no hidden fees.

Is Pepperstone a reliable broker?

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Pepperstone ranks among the most reliable brokers, with an excellent track record spanning 15+ years.

Is Capital.com real or fake?

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Capital.com is a real broker that established itself among the leading crypto and Forex brokers.