Eightcap vs Pepperstone Comparison – 2024

Top Reasons to Choose Eightcap or Pepperstone

Based on our comparative assessment, Eigthcap suits beginners seeking leading market research and advanced traders who prefer a large selection of cryptocurrency pairs. Pepperstone is suited for beginners seeking extensive educational materials and advanced traders who want access to third-party trading tools.

Eightcap: Snapshot

Established in 2009, Eigthcap was founded in Melbourne, Australia, and is licensed by 5 financial authorities, including 3 Tier-1 regulators. The broker offers flexible account types, robust trading platforms, leading market research videos, and over 750 tradable instruments.

Eightcap: Who is it For?

Eigthcap is ideal for beginners seeking good-quality market research videos from an expert analyst and those who prefer using a micro-lot trading account for small balances. The broker is also suitable for advanced crypto traders, with more than 92 crypto pairs available.

What Makes Eightcap Stand Out?

Eightcap stands out as a globally regulated broker licensed by 3 Tier-1 regulators. It offers video commentary and market research from well-known industry experts and trading veterans, flexible account types to suit different traders, innovative trading tools such as its AI economic calendar, and a large selection of cryptocurrency pairs.

Pepperstone: Snapshot

Established in 2010, Pepperstone was founded in Melbourne, Australia, with additional offices in London, Cyprus, Germany, Dubai and Kenya. Licensed by 7 financial authorities, including 4 Tier-1 regulators, Peppersone gives access to over 1,200 tradable instruments from the MT4, MT5, cTrader, and TradingView platforms with an extensive range of educational materials.

Pepperstone: Who is it For?

Pepperstone is ideal for beginners seeking to improve their knowledge and skills, as it offers a robust range of educational articles, video tutorials, courses, and live webinars. The broker also caters to advanced traders by offering four professional trading platforms (MT4, MT5, cTrader, TradingView) and third-party research and analytical tools from Autochartist.

What Makes Pepperstone Stand Out?

Pepperstone stands out as a well-regulated broker licensed by 7 financial authorities, including 4 Tier-1 regulators. It offers access to four state-of-the-art trading platforms, multiple third-party research tools, extensive educational materials, better-than-average customer support, and zero inactivity, deposit, or withdrawal fees.

Trust

Eightcap vs Pepperstone Trust and Regulation Comparison

Established in 2009, Eightcap has three entities licensed by Tier-1 regulators: CySEC (Cyprus), FCA (UK), ASIC (Australia); one entity licensed by Tier-3 regulator, the SCB (Bahamas) and one unregulated entity based in the Seychelles. Its Tier-1 regulated entities offer the highest level of investor protection and transparency regarding trading conditions, outlined in its Terms and Conditions document.

Established in 2010, Pepperstone has four entities licensed by Tier-1 regulators: CySEC (Cyprus), FCA (UK), ASIC (Australia), BaFin (Germany); one entity licensed by Tier-2 regulator DFSA (Dubai) and three entities licensed by Tier-3 regulators CMA (Kenya) and the SCB (Bahamas). The broker’s terms and conditions outline a high level of transparency regarding trading fees and the safety of client capital.

Fees

Eightcap vs Pepperstone Spreads, Fees and Commissions Comparison

In our live fee test using the Eightcap commission-free Standard CFD Account, we found that the spread for EUR/USD averaged 1.0 pips during the London session and 1.0 pips during the US session, which is around the industry average. There is a monthly inactivity fee of 10 EUR / USD / GBP after 3 months of no activity.

Using the Pepperstone commission-free Standard CFD Account, we found that the spread for EUR/USD averaged 1.0 pips during the London session and 1.1 pips during the US session, slightly higher than the industry average of 1.0 pips. There are no inactivity fees.

For more options, you can also check out our list of the best forex brokers with the lowest spreads.

Platforms and Tools

Eightcap vs Pepperstone Trading Platforms Comparison

Eightcap provides a standard suite of MetaTrader 4 and MetaTrader 5, for desktop, web, and mobile, along with the TradingView platform. The MetaTrader web platform is suited to beginner traders with a user-friendly interface, real-time quotes, watchlists, 31 technical indicators, 4 analytical objects, 9 timeframes, and 3 chart types. The TradingView platform is intuitive and suitable for beginners as well. Advanced traders may prefer the MetaTrader desktop platform as it offers more timeframes, indicators, and algorithmic trading capabilities. The mobile platform provides limited features but a fast and simple way to execute and manage a trade on the go. Clients of Eightcap’s Australian entity also have access to Capitalize.ai tool for testing and automating trading strategies.

Pepperstone provides the MT4, MT5, cTrader, and TradingView desktop, web, and mobile platforms. The TradingView social web platform caters to beginner traders and features over 100 technical indicators, 11 chart types, and 11 timeframes. MT4, MT5 and cTrader cater to advanced traders with the cTrader platform designed specifically for high-frequency, short-term traders with features such as one-click trading and depth of market. Beginners can also use Autochartist for trading ideas, while advanced traders can use Capitalize.ai, which enables them to create, test, and automate trading strategies using everyday English instead of code.

Tradable Instruments

Eightcap vs Pepperstone Instruments Selection Comparison

Eightcap offers over 763 financial CFD instruments covering global asset classes. The range of instruments is suited to all levels of traders but does cater well to crypto traders, with more than 92 cryptocurrency CFDs available.

Pepperstone offers over 1,200 financial CFD instruments covering global asset classes. While most traders will find the product range useful, the broker caters well to stock traders. Over 900 stock CFDs are from the UK, US, Australia, Germany, and Hong Kong.

Customer Support

Eightcap vs Pepperstone Customer Support Comparison

Eightcap offers customer support from 9:00 am to midnight (GMT + 2) via phone, live chat, and email, seven days a week. In our live test, the service quality varied. Chat support response times were slow, yet the agents proved to be helpful and knowledgeable. Emails received responses within one business day.

Pepperstone offers 24/7 customer support through phone, live chat, and email. In our tests, both the live chat and phone services were fast, connecting to an agent in less than a minute. Emails received responses within 24 hours. The agents were knowledgeable and helpful.

Research

Eightcap vs Pepperstone Research Tools Comparison

Eightcap offers expert market research from its YouTube channel and dedicated analysts. The videos include a “Weekly Market Breakdown” covering the week’s news and market impact. The “In the Charts” series presents instrument picks from veteran analysts. These videos, averaging 15 minutes in length, cater to traders from beginner to advanced levels. Both news-based and fundamental traders might find the AI Economic Calendar particularly useful, as it covers 1,000 economic events from 55 countries, providing analysis of historical events as well as projections for future price ranges.

Pepperstone provides detailed and insightful market research in both written and video formats, produced by its team of in-house analysts. The broker’s chief market analyst delivers analyses of high-impact news events and provides market commentary. Although the material has a technical focus, it also offers actionable trading ideas. Additionally, Pepperstone provides the Autochartist research tool, which generates automated signals when specific technical analysis chart patterns emerge in major markets. These tools are well-suited for both beginner and advanced traders.

Deposits & Withdrawals

Eightcap vs Pepperstone Deposit and Withdrawal Methods Comparison

Eightcap offers fee-free deposits and withdrawals via bank wire transfer (2 – 7 working days), Visa/Mastercard (instant), and Skrill (1 – 5 business days). There is a minimum withdrawal of 10 EUR / USD / GBP for Visa, Mastercard, and Skrill and a minimum of 30 EUR / USD / GBP for bank wires.

Pepperstone provides fee-free deposits and withdrawals via bank wire transfer (1 – 3 working days), Visa/Mastercard (instant), and PayPal (instant deposit, 1 – 3 working days for withdrawals).

Account Types and Terms

Eightcap vs Pepperstone Account Types Comparison

Eightcap offers two account types. The Standard Account is suited to beginners as it offers commission-free trading and micro lot trading of 0.01 lots. The Raw Account is suited to advanced and short-term traders as it offers lower spreads than the Standard Account but charges a commission of USD 3.50 per lot which is around the industry average.

Pepperstone offers two account types: Standard and Razor. The Standard Account is suited to beginners as it features commission-free trading in micro-lots. In contrast, the Razor Account is tailored for advanced traders, offering lower spreads along with a commission that aligns with the industry average. Additionally, access to the TradingView platform is exclusive to the Razor Account.

Education

Eightcap vs Pepperstone Educational Content Comparison

Eightcap offers limited educational resources. While there are articles covering fundamentals and trading strategies, there are no platform video tutorials, webinars, or courses. The materials are suited to beginner traders seeking more general information.

Pepperstone offers an extensive range of educational resources. This includes articles, video tutorials, courses, and live trading webinars. The materials are well-written, informative, and tailored to all levels of traders. Regular webinars, hosted by a veteran trader and educator, cover various topics, including price action trading.

Our Methodology

Since 2011, FX Empire has developed a detailed methodology for evaluating CFD brokers, involving over 250 variables across nine crucial categories. Our team of experts, with deep industry knowledge, conducts live testing and research by interacting with the brokers directly. We check regulations, open accounts, test spreads, account costs, platform functionality, instrument variety, customer support reliability, and the quality of research and educational content. This granular analysis helps us identify each broker’s strengths and weaknesses, keeping our comparisons current with market trends and ensuring our guides meet traders’ needs.

We strive to evaluate each broker objectively, considering how their offerings align with the diverse trading goals and preferences of our readers. Our focus is on providing a balanced overview of each broker’s strengths and weaknesses. This method ensures that our readers receive clear, insightful comparisons to aid in making well-informed trading decisions.

We employ a comprehensive rating system across nine key categories:

• Trust
• Fees
• Platforms and Tools
• Tradable Instruments
• Customer Support
• Research
• Deposits and Withdrawals
• Account Types and Terms
• Education

In each category, we conduct an in-depth analysis for both brokers, outlining features, advantages, and disadvantages and determining their suitability for different trader profiles. By blending insights from our extensive reviews with first-hand experiences and observations, we ensure each comparison is balanced, informative, and tailored to the trader’s unique needs. You can read more about our review process here.

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