Pepperstone vs Markets.com Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Pepperstone vs Markets.com.
Can I trust Pepperstone?
Pepperstone has a trust score of 95, giving it a "Highly Trusted" trust label. Here's what each trust score label means:
- "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
- "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
- "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
- "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
- "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.
Can I trust Markets.com?
Markets.com has a trust score of 96, giving it a "Highly Trusted" trust label.
Is Pepperstone a good broker?
Pepperstone offers a growing number of tradeable markets and support for numerous third-party trading platforms, including TradingView, cTrader, a variety of social copy trading platforms, and both MetaTrader 4 and MetaTrader 5. With a variety of regulatory licenses from across the world, we consider Pepperstone to be Highly Trusted and the broker holds a Trust Score rating of 95. Traders at Pepperstone also gain access to high-quality research content in both written and video format.
Is Markets.com a good broker?
Markets.com may be an expensive option, but its trading platforms are easy to use, and traders gain access to a wide range of forex and CFD symbols.
What Tier-1 jurisdictions is each broker regulated in?
Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Pepperstone is Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA Authorised), while Markets.com is Australia (ASIC Authorised).. Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)
What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?
Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Pepperstone is Cyprus (CySEC Authorised) and UAE (DFSA/Central Bank Authorised), while Markets.com is Cyprus (CySEC Authorised) and South Africa (FSCA Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses Pepperstone is Bahamas (SCB Authorised), while Markets.com is British Virgin Islands (FSC Authorised).. Neither have Belize (FSC Authorised), Bermuda (BMA Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).
Which broker offers more trading platforms?
For trading platforms Pepperstone supports a Desktop Platform (Windows), cTrader and DupliTrade, whereas Markets.com supports a Proprietary Platform and Desktop Platform (Windows).. Neither have ZuluTrade
Does Pepperstone offer MetaTrader? Does Markets.com offer MetaTrader?
Both Pepperstone and Markets.com offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.
How do Pepperstone and Markets.com differ in terms of minimum deposit? What about average spreads and funding options?
Pepperstone requires a minimum deposit of $200, while Markets.com requires a minimum deposit of $100. From our testing we found Pepperstone offers spreads of 0.77, while Markets.com offers spreads of 1.9. Pepperstone supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where Markets.com supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).
Which broker offers more tradeable asset classes, Pepperstone or Markets.com?
Pepperstone offers a more diverse selection of investment options than Markets.com allowing you to trade Forex Trading (Spot or CFDs), Spread Betting, Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD). Looking at total tradeable symbols, Pepperstone has 2342, compared to 2179 from Markets.com.
Can I trade cryptocurrency with Pepperstone or Markets.com?
Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither Pepperstone nor Markets.com allow you to trade physical cryptocurrencies.
Who offers more research tools, Pepperstone or Markets.com?
In terms of research and research tools Pepperstone gives traders the following tools: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. In comparison Markets.com has the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading.. Neither have Trading Central (Recognia)
Overall winner: Pepperstone
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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.