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Pepperstone vs XM Group 2024

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between Pepperstone and XM Group? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Pepperstone ranks more highly than XM Group.

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Compare

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Overall Rating Pepperstone XM Group
Overall Rating 8.4 / 10 8.4 / 10
Account Type Pepperstone XM Group
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info Yes Yes
Copy Trading Pepperstone XM Group
Social Trading / Copy Trading info Yes Yes
DupliTrade info Yes No
ZuluTrade info No No
Cryptocurrency Pepperstone XM Group
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) Pepperstone XM Group
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) Pepperstone XM Group
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments Pepperstone XM Group
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info Yes No
Social Trading / Copy Trading info Yes Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes Yes
ETF info Yes No
U.S. Stocks (CFD) info Yes Yes
Trading Platforms Pepperstone XM Group
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Regulatory Licenses Pepperstone XM Group
Tier-1 Licenses info 3 4
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No Yes
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Research, Education Pepperstone XM Group
Trading Central (Recognia) info No Yes
Forex News (Top-Tier Sources) info Yes Yes
Daily Market Commentary info Yes Yes
Autochartist info Yes No
Investor Dictionary (Glossary) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info Yes No
Trading Costs Pepperstone XM Group
Minimum Deposit info $200 $5
Average Spread EUR/USD - Standard info 0.77 info 1.6 info
All-in Cost EUR/USD - Active info 0.87 info 0.8 info
Active Trader or VIP Discounts info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info Yes No
Trading Tools Pepperstone XM Group
Watchlists - Total Fields info 7 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 15 30
Mobile Charting - Indicators / Studies info 30 30
Trust Factors Pepperstone XM Group
Year Founded info 2010 2009
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Trust Score info 95 88
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Pepperstone vs XM Group Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between Pepperstone and XM Group? Our independent database powered by our unbiased research will help you compare Pepperstone vs XM Group side-by-side.

What is Trust Score?

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.

Can I trust Pepperstone?

Pepperstone has a Trust Score of 95, giving it a "Highly Trusted" Trust Score Label.

Can I trust XM Group?

XM Group has a Trust Score of 88, giving it a "Trusted" Trust Score 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 XM Group a good broker?

Founded in 2009, XM Group is a trusted broker that holds licenses in multiple Tier-1 regulatory jurisdictions. Known for its robust educational materials and quality market research, XM Group publishes high-quality videos, podcasts, and articles. Traders at XM Group gain access to the full MetaTrader platform suite (including MetaTrader 5) along with trading tools provided by Trading Central. That said, XM Group doesn't yet offer any proprietary platforms, and its range of markets and trading costs trail behind the best MetaTrader brokers.

What Tier-1 jurisdictions is each broker regulated in?

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. Pepperstone holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA Authorised). XM Group, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: Australia (ASIC Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized). Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised) and Switzerland (FINMA Authorised)

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, both Pepperstone and XM Group are Cyprus (CySEC Authorised) and UAE (DFSA/Central Bank 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 Pepperstone is Bahamas (SCB Authorised), while XM Group is Belize (FSC Authorised).. Neither have Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

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 Pepperstone offers a Desktop Platform (Windows), cTrader and DupliTrade, whereas XM Group supports a Desktop Platform (Windows). Neither have Proprietary Platform and ZuluTrade

Does Pepperstone offer MetaTrader? Does XM Group offer MetaTrader?

Both Pepperstone and XM Group 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 XM Group differ in terms of minimum deposit? What about average spreads and funding options?

Pepperstone requires a minimum deposit of $200, while XM Group requires a minimum deposit of $5. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that Pepperstone supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for funding and deposit methods, whereas XM Group supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw)

Which broker offers more tradeable asset classes, Pepperstone or XM Group?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that Pepperstone delivers a more diverse selection of investment options than XM Group, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Spread Betting, Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD).

We also keep track of each broker’s total number of tradeable symbols; Pepperstone offers 2342, and XM Group offers a total of 1429 tradeable symbols.

Can I trade cryptocurrency with Pepperstone or XM Group?

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 Pepperstone nor XM Group allow you to trade physical cryptocurrencies.

Who offers more research tools, Pepperstone or XM Group?

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. Pepperstone delivers the following research tools: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. XM Group, on the other hand, provides the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading

Broker Reviews

Still looking for more information, read our broker reviews.

Pepperstone Review

XM Group Review

Overall winner: XM Group

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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.

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