StoneX Trading vs Pepperstone 2026

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

StoneX Trading has a Trust Score of 99, giving it a "Highly Trusted" Trust Score Label.

Pepperstone has a Trust Score of 94, giving it a "Highly Trusted" Trust Score Label.

StoneX Trading, formerly branded as City Index, is an award-winning, highly trusted broker with a long history of offering forex and CFDs across its global offices. Featuring a well-designed mobile trading app and a powerful web platform, StoneX Trading delivers a winning variety of tools for forex traders. Founded in 1983, StoneX Trading is regulated in multiple Tier-1 jurisdictions and carries a Trust Score rating of 99. The broker's flagship platform suite provides a large range of markets, but pricing is just average. Only a handful of markets are available on StoneX Trading's MetaTrader platform (and MT5 is not yet available).

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.

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. StoneX Trading holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised), Canada (CIRO Authorised), Singapore (MAS Authorised) and United Kingdom (U.K.) (FCA Authorised). Pepperstone, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA Authorised). Neither have Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (FSA Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, both StoneX Trading and Pepperstone are Cyprus (CySEC Authorised) and UAE (DFSA, FSRA, or CMA Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses StoneX Trading is Cayman Islands (CIMA Authorised), while Pepperstone is Bahamas (SCB Authorised).. Neither have Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that StoneX Trading offers a Proprietary Desktop Trading Platform and Desktop Platform (Windows), whereas Pepperstone supports a Proprietary Desktop Trading Platform, Desktop Platform (Windows) and cTrader. Neither have DupliTrade [DELETED] and ZuluTrade [DELETED]

For MetaTrader StoneX Trading provides MetaTrader 4 (MT4), while Pepperstone provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

StoneX Trading requires a minimum deposit of £100.00, while Pepperstone requires a minimum deposit of $10. You'll also want to make sure that your broker accepts the funding options and deposit methods that work best for you. In our testing, we've found that both StoneX Trading and Pepperstone offer Bank Wire (Deposit/Withdraw) and PayPal (Deposit/Withdraw) for deposits. Neither have Visa/Mastercard (Credit/Debit) [DELETED] and Skrill (Deposit/Withdraw)

When choosing a broker, it’s important to check the availability of your preferred investment products and asset classes. We’ve tested each broker’s individual offering of investments to help you pick the right broker for what you want to trade. We found that both StoneX Trading and Pepperstone offer Forex Trading (Spot or CFDs), Spread Betting, Copy Trading, Commodities: Silver, Commodities: Oil, Commodities: Agriculturals, ETF and U.S. Stocks (CFDs).

We also keep track of each broker’s total number of tradeable symbols; StoneX Trading offers 13500, and Pepperstone offers a total of 1726 tradeable symbols.

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither StoneX Trading nor Pepperstone allow you to trade physical cryptocurrencies.

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. StoneX Trading delivers the following research tools: Daily Market Commentary (Articles), Forex News (Top-Tier Sources), Trading Central and Copy Trading. Pepperstone, on the other hand, provides the tools listed here: Autochartist, Daily Market Commentary (Articles), Forex News (Top-Tier Sources) and Copy Trading. Neither have Stock Charts [DELETED]

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