image Pepperstone VISIT PEPPERSTONE image Zulutrade VISIT ZULUTRADE image Forex.com VISIT FOREX.COM
About

Pepperstone is regulated by ASIC. Pepperstone have provided Forex trading services since 2010.

Zulutrade is regulated by MiFID and have provided copy trading services since 2007.

Forex.com is regulated by the Financial Conduct Authority. Forex.com have provided Forex, Commodities, Indices trading services since 1999.

Why choose them?
  • Yes Over 8 years in business
  • Yes Segregates clients funds
  • Yes Regulated by ASIC
  • Yes Over 11 years in business
  • Yes
  • Yes
  • Yes Over 19 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
Headquarters Melbourne, Australia United States, 48 Wall str, 10th Floor Suite 1100, New York NY 10005 London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes Yes Yes
CFD Yes Yes Yes
Spread Betting No No No
Social Trading Yes Yes No
MARKETS & INSTRUMENTS
Forex (currency pairs) 70 80
Commodities Offered 0 12
Stocks Offered 0 220
Bitcoin Yes No Yes
Majors Yes Yes Yes
Indices Yes No Yes
US Stocks No No Yes
Penny stocks No No No
Energies Yes No Yes
Metals Yes Yes Yes
Agriculturals No No Yes
FTSE No Yes Yes
Dow Jones No Yes Yes
Dax Yes Yes Yes
Nikkei No Yes Yes
ETFs No Yes Yes
IPO No Yes Yes
See all instruments

78% of Pepperstone Limited’s retail investor accounts lose money when trading CFDs

See all instruments

Losses can exceed deposits

See all instruments

70% of retail investor accounts lose money when trading CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes No Yes
MT5 Yes No No
MT4 Mac Yes No No
WebTrader Yes No Yes
Mirror Trader No No No
ZuluTrade Yes Yes No
Sirix No No No
cTrader Yes No No
PAMM No No No
Custom Platforms No No FOREXTrader PRO

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image No Yes Yes
Available Languages

English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic

English, French, Spanish, German, Polish, Dutch, Italian, Russian, Romanian, Turkish, Japanease, Arabic, and Korean

English, Chinese, and Arabic

See platform & features

78% of Pepperstone Limited’s retail investor accounts lose money when trading CFDs

See platform & features

Losses can exceed deposits

See platform & features

70% of retail investor accounts lose money when trading CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by Pepperstone and Zulutrade

Demo account Yes Yes Yes
Mini account Yes No Yes
Micro account No No No
Standard account Yes Yes Yes
ECN Account Yes No Yes
Islamic account Yes No Yes
Zero spread account No No No
VIP account No No No
Fixed spreads No Yes Yes
Variable spreads Yes Yes Yes
See account options

78% of Pepperstone Limited’s retail investor accounts lose money when trading CFDs

See account options

Losses can exceed deposits

See account options

70% of retail investor accounts lose money when trading CFDs with this provider

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server Yes No No
Direct market access Yes No Yes
STP broker Yes No Yes
Market maker Yes Yes Yes
Min trade 0.01 Lot Varies Varies
Max trade None Varies 5 million
Min deposit $200 Varies $50

RISK MANAGEMENT

Stop losses Yes No Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops Yes No Yes
Price alerts Yes Yes Yes
Signal trading Yes Yes No

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal Yes Yes No
Neteller Yes No No
Skrill Yes No No
Payment processing time Varies Varies Varies
Withdrawal processing time Varies 2 business days 1-2 business days
See all funding options

78% of Pepperstone Limited’s retail investor accounts lose money when trading CFDs

See all funding options

Losses can exceed deposits

See all funding options

70% of retail investor accounts lose money when trading CFDs with this provider

DETAILED INFO

Excluded countries AU, CA,KR, CU, IR, MM, SD, SY AU, CA,KR, CU, IR, MM, SD, SY BE
Contact email Send Email Send Email Send Email
phone number 61 3 9020 0155 1-917-6282237 Yes
Live Chat Yes Yes Yes
Website https://pepperstone.com/ www.zulutrade.co.uk http://www.forex.com
Forex Spreads
EUR/USD 0.00 1.00
GBP/USD 1.10 1.00
USD/JPY 1.00 0.90
AUD/USD 1.1 N/A 1.2
Cryptocurrency Spreads N/A N/A
View all FX spreads

78% of Pepperstone Limited’s retail investor accounts lose money when trading CFDs

View all FX spreads

Losses can exceed deposits

View all FX spreads

70% of retail investor accounts lose money when trading CFDs with this provider

INDICE SPREADS
Dax 30 1.50 250.0
Nasdaq 100 2.0 130.0
Euro Stoxx 50 2.0 4.0
ASX 200
S&P 500 0.4 50.0
FTSE 100 1.0 150.0
Google N/A N/A
Facebook N/A N/A
View all spreads

78% of Pepperstone Limited’s retail investor accounts lose money when trading CFDs

View all spreads

Losses can exceed deposits

View all spreads

70% of retail investor accounts lose money when trading CFDs with this provider

FEES

Inactivity Fee Yes Yes No
Commission Yes Varies No
Deposit Fee No Varies No
Withdrawal Fee No Varies No
View All Fees

78% of Pepperstone Limited’s retail investor accounts lose money when trading CFDs

View All Fees

Losses can exceed deposits

View All Fees

70% of retail investor accounts lose money when trading CFDs with this provider

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Last update

All information collected from https://pepperstone.com/. Last updated on 01/07/2019.

All information collected from www.zulutrade.co.uk. Last updated on 01/07/2019.

All information collected from http://www.forex.com. Last updated on 01/07/2019.

Company

Pepperstone provide a trading platform for retail and institutional investors looking for a broker that provides fast execution, reliable technology, award winning customer service all at superior competitive pricing.

Pepperstone was founded in 2010 to provide a solution to traders frustrated by slow trade execution, excessive spread and poor customer service from other online brokers. Pepperstone are a perfect choice for traders with spreads start from as low as 0 pips and combined with their use of leading technology platforms including MetaTrader 4 and cTrader.

For more information about trading with Pepperstone, we have put together an indepth Pepperstone review with all the pros and cons about this broker.

ZuluTrade was founded in 2007 to fill the gap in services offered for individual traders, who want to keep in total control of their funds despite busy schedules which prevented them from following the changing markets every minute of the day.

ZuluTrade provides a web-based platform that audits traders globally and allows traders to share their experiences and strategies with interested individuals. The platform converts the advice and strategies from successful traders into a service which can rapidly execute trades by providing the link between the information in the markets and trade execution.

The underlying principle of ZuluTrade is to facilitate an open environment where traders can connect to any trading platform and share their insights and earn a commision when others use their advice to a live trade.

ZuluTrade is well suited for individual traders who want to trade but do not have the time to study or monitor the market by allowing you to easily find the best signal providers who are doing the this for you and easily convert their advice into live trades.

For more information about trading with Zulutrade, we have put together an indepth Zulutrade review with all the pros and cons about this broker.

FOREX is a market leading broker with over 15 years' experience in the industry serving over 200,000 traders worldwide. As a publically traded company on the NY stock exchange, regulated by multiple regulating bodies including the Financial Conduct Authority in UK, FOREX is a broker you can trust. FOREX offer competitive pricing through its advanced technology and execute your trades fast and at the price you expect or better. Pricing is simple and easy to understand with no complicated commission structures or small print, you know what you will pay. With a commitment to customer support they offer 24 hour support from 9pm Sun through to 9pm Friday.

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Pepperstone or Zulutrade?

Access to MT4 or low spreads?

If you’re a trader looking for a broker that offers the popular MT4 trading platform, Pepperstone is likely a better fit. However, if you want a broker with lower spreads on currency pairs like EUR/USD, Zulutrade may be more appropriate.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider Zulutrade to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

Pepperstone is regulated by Financial Conduct Authority,UK and ASIC, while Zulutrade is regulated by .

As the Financial Conduct Authority are one of the most stringent regulators in the world, Pepperstone will have very strict guidelines to follow to ensure they protect their retail trader clients.

Forex.com are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

Pepperstone has been around for 9 years, while Zulutrade have been around for 12 years. Our third alternative broker, Forex.com, have been around for 20 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Pepperstone uses tier one banks as their banking partner.Zulutrade does not use tier one banks as their banking partner.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both Pepperstone and Zulutrade are privately owned companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Pepperstone are based in Melbourne, Australia, while Zulutrade are based in United States, 48 Wall str, 10th Floor Suite 1100, New York NY 10005.

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Pepperstone and Zulutrade offer forex trading. Pepperstone have a slightly larger variety of currency pairs with 70 pairs, compared to offered by Zulutrade. Also, if you’re looking to trade cryptocurrencies, Pepperstone offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

If you’re looking to trade commodities like gold, silver or oil, Pepperstone may be a better fit as Zulutrade does not offer commodity trading.

Pepperstone and Zulutrade both offer social trading, which is a modern approach to trading that allows you to follow like-minded traders, copy their trading activity, and engage in discussion around trading strategies.

Platforms & Account Types

Pepperstone also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

Pepperstone does allow scalping and hedging. While Zulutrade also allows scalping and hedging. You can trade with EAs (expert advisors) on both Pepperstone and Zulutrade.

In terms of risk management tools, Pepperstone does offer negative balance protection to prevent you owing your broker more than you’ve deposited, but Zulutrade doesn't offer this.

Pepperstone also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

Pepperstone accept Paypal while Zulutrade accept Paypal.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, Pepperstone and Zulutrade both charge points. Therefore, both brokers are equally affordable for this instrument. You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: Pepperstone or Zulutrade?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Zulutrade is more reliable based on our criteria above. Pepperstone has a wider range of instruments to trade. Pepperstone offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.