- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- Pepperstone vs Vantage - Verdict
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.
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Headquarters | Australia | Cyprus |
Regulators | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | ASIC, CySEC, FCA, NBRB, SCB |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2010 | 2016 |
Execution Type(s) | No Dealing Desk, NDD | Market 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 pips | 0.6 pips |
Average Trading Cost GBP/USD | 1.4 pips | 1.3 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 pips | N/A |
Minimum Standard Spreads | 1.0 pips | N/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 | ||
Visit Website 75-95% of traders on margin lose | Visit Website |
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
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MT4 | ||
MT5 | ||
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
Visit Website 75-95% of traders on margin lose | Visit Website |
Available Markets
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Currency Pairs | N/A | |
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | N/A | |
ETFs | ||
Futures | ||
Synthetics | ||
Visit Website 75-95% of traders on margin lose | Visit Website |
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
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Average Trading Cost EUR/USD | 1.1 pips | 0.6 pips |
Average Trading Cost GBP/USD | 1.4 pips | 1.3 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 pips | N/A |
Minimum Standard Spreads | 1.0 pips | N/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 | $0 | N/A |
Visit Website 75-95% of traders on margin lose | Visit Website |
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
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Country of the Regulator | United Arab Emirates, Australia, The Bahamas, Cyprus, Germany, Kenya, United Kingdom | Australia, The Bahamas, Belarus, Cyprus, United Kingdom |
Name of the Regulator | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | ASIC, CySEC, FCA, NBRB, SCB |
Regulatory License Number | 414530, 91279, 128, 388/20, F004356, 684312, F217 | 793714, 193225654, 319/17, 513393, SIA-F245 |
Regulatory Tier | N/A | 1, 5, 1, 1, 4 |
Visit Website 75-95% of traders on margin lose | Visit Website |
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. Capital.com and Pepperstone offer crypto trading via CFDs. Capital.com has no hidden fees. Pepperstone ranks among the most reliable brokers, with an excellent track record spanning 15+ years. Capital.com is a real broker that established itself among the leading crypto and Forex brokers.FAQs
Can you trade crypto with Capital.com or Pepperstone?
What are the hidden fees on Capital.com?
Is Pepperstone a reliable broker?
Is Capital.com real or fake?