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Pepperstone vs Plus500: Comparison and Analysis

Written by Filippo Ucchino

Fact-Checked by Luca Puddu Publication Date 28 September 2026 Last Updated 28 September 2026

Our verdict · CFD trading

Pepperstone is better than Plus500 for CFD trading in Nigeria by a small margin, because it asks for no minimum deposit, where Plus500 asks for 100.00 USD, runs MetaTrader 4, MetaTrader 5, cTrader and TradingView next to the proprietary platform both brokers share, opens raw spread, ECN and copy trading accounts, allows scalping, hedging, expert advisors, high-frequency trading strategies and VPS hosting, holds more account base currencies (ten against three) and fills orders in 30 ms. Plus500, on the other hand, has a lower EUR/USD cost (8.00 USD per lot against 9.00 USD), lists more tradable symbols (2,800 against 1,444), offers a guaranteed stop loss and opens professional accounts. Pepperstone holds licences from BaFin, CySEC, ASIC, the SCB, the DFSA, the FCA and the CMA, and Plus500 from CySEC, ASIC, the DFSA, the FCA, the FMA (New Zealand), the FSA (Seychelles), ISA, the MAS and FSCA. Both brokers cover CFDs on commodities, crypto, forex, indices and stocks, open Islamic accounts, allow API access, provide a demo account and settle deposits and withdrawals in 1 day.

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Best overall

Pepperstone

CFD

84CFD

Open Account

89% of retail investor accounts lose money when trading CFDs with this provider.

Plus500

CFD

76CFD

Open Account

CFD service. 82% of retail investor accounts lose money

Best for

1 / 12

Pepperstone is better than Plus500 for scalpers, news traders and algo traders. Both are a good fit for professional traders, high-volume traders and swing traders.

Best for
Overall score	Pepperstone 84 Best	Plus500 76 -8
Day trading i
Long-term investing i
Professional traders i
High-volume traders i
Scalpers i
Swing traders i
News traders i
Algo traders i
Stock traders i
Crypto traders i
Futures traders i
Options traders i

Regulation

2 / 12

Pepperstone and Plus500 are both regulated by top-tier authorities, Pepperstone by BaFin, CySEC and ASIC (Australia) and Plus500 by CySEC, ASIC (Australia) and the FCA (United Kingdom).

Regulation
Section score	Pepperstone 100	Plus500 100
Tier-1 regulators
ESMA (European Union) i
FCA (United Kingdom) i
ASIC (Australia) i
CFTC (United States) i
NFA (United States) i
SEC (United States) i
CIRO (Canada) i
MAS (Singapore) i
SFC (Hong Kong) i
JFSA (Japan) i
FINMA (Switzerland) i
Tier-2 regulators
FMA (New Zealand) i
CBR (Russia) i
FSCA (South Africa) i
DFSA (Dubai) i
CSRC (China) i
ISA (Israel) i
LFSA (Malaysia) i
JSC (Jordan) i
CMA (Kenya) i
Tier-3 regulators
FSA (Seychelles) i
MMA (Maldives) i
SCB (Bahamas) i
FSC (Mauritius) i
VFSC (Vanuatu) i
FSC (Belize) i
CIMA (Cayman Islands) i
SV FSA (Saint Vincent and the Grenadines) i
FSRC (St. Kitts & Nevis) i
BMA (Bermuda) i
BVI FSC (British Virgin Islands) i
EDR (External Dispute Resolution) i

Safety

3 / 12

Pepperstone and Plus500 both offer segregated client funds and two-factor authentication.

Safety
Section score	Pepperstone 65 -7	Plus500 72 Best
Company info
Is it publicly traded i
Is it a bank i
Year founded i	2010	2008
Parent company i	Pepperstone Group Limited	Plus500 Ltd.
CEO i	Tamas Szabo	David Zruia
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i	N/A	N/A
Brand power
Number of customers worldwide i	900,000	30,000,000
Annual revenue i	USD 13,000,000	USD 768,300,000
Monthly website search traffic i	1.3M monthly visits

Costs

4 / 12

Pepperstone is better than Plus500 for costs, as Pepperstone has tighter S&P 500 CFD spreads, at 0.47 points (against Plus500's 0.7 points), has tighter gold CFD spreads, at 0.19 points (against Plus500's 0.75 points), and does not charge inactivity fees, unlike Plus500. Neither Pepperstone nor Plus500 charges account maintenance fees or deposit fees.

Costs
Section score	Pepperstone 74 Best	Plus500 69 -5
Broker fees
Deposit fees i
Withdrawal fees i
Overnight fees i
Inactivity fees i
Currency conversion fees i
Discounts on volume i
Real time market data fee i
Dividend withholding i
Account opening fees i
Account maintenance fee i
Portfolio management fee i
Fees on CFDs
Forex commission per lot i	USD 6	Free
EUR/USD average standard spread i	1.1 pips	0.8 pips
EUR/USD average raw spread i	0.1 pips
EUR/USD average fixed spread i
EUR/USD total cost per lot i	USD 9	USD 8
S&P 500 fees (CFD) i	0.47 points	0.7 points
Gold fees (CFD) i	0.19 points	0.75 points
Bitcoin fees (CFD) i		USD 118.34
US stocks fees (CFD) i	USD 0.02	Free
Fees on stocks
Stock fee type i	Commission, Percentage	Spread
US stocks fees (real) i
ETF fees (real) i
Management costs i
Connection costs i
Fees on futures
Futures fees per contract i
Platform fees i
Fees on options
Options fees per contract i
Event fees i
Fees on savings plans
IRA opening fee i
IRA maintenance fee i
401k opening fee i
401k maintenance fee i

Available markets

5 / 12

Pepperstone and Plus500 are close on available markets. Both Pepperstone and Plus500 offer CFDs on commodities, crypto, forex, indices and stocks. Plus500 has a slight edge, as it gives access to 2,800 tradable symbols (against Pepperstone's 1,444).

Available markets
Section score	Pepperstone 75	Plus500 75
Total tradable symbols i	1,444	2,800
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i	Commodities, Crypto, Forex, Indices, Stocks	Commodities, Crypto, Forex, Indices, Stocks
Futures i
Options i
Assets you can own i

Platform

6 / 12

Pepperstone is better than Plus500 for platforms, as Pepperstone offers cTrader, MetaTrader 5 and MetaTrader 4, which Plus500 does not. Pepperstone and Plus500 both offer one-click trading and real-time pricing.

Platform
Section score	Pepperstone 92 Best	Plus500 72 -20
Proprietary platform i
MetaTrader 4 i
MetaTrader 5 i
cTrader i
Social trading platform i
Copy trading platform i
ZuluTrade i
TradingView i
Duplitrade i
Mirror Trader i
NinjaTrader i
AutoChartist i
Real time pricing i
5 digit pricing i
One-click trading i

Mobile

7 / 12

Pepperstone is better than Plus500 for mobile trading, because Pepperstone offers the cTrader app, the MetaTrader 5 app and the MetaTrader 4 app, which Plus500 does not. Both Pepperstone and Plus500 offer a proprietary mobile app and mobile price alerts.

Mobile
Section score	Pepperstone 100 Best	Plus500 80 -20
Proprietary app i
Social trading app i
Copy trading app i
MetaTrader 4 app i
MetaTrader 5 app i
cTrader app i
Mobile trading signals i
Mobile alerts i
Mobile charting tools i
Mobile drawing tools i
Mobile watchlist i
Smartwatch app i

Trading features

8 / 12

Pepperstone is better than Plus500 for trading features, because Pepperstone offers tier-1 liquidity providers, which Plus500 does not, and allows for scalping and automated trading. Pepperstone and Plus500 both offer negative balance protection and trailing stops.

Trading features
Section score	Pepperstone 93 Best	Plus500 72 -21
Trade execution
Broker type i	NDD	Agency
Average execution time i	30 ms
Slippage occurrence i
Requotes occurrence i	0.08%
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i	500:1	300:1
Minor/Exotic FX pairs leverage i	500:1	300:1
Major indices leverage i	400:1	150:1
Minor indices leverage i	100:1	150:1
Gold leverage i	500:1	250:1
Commodities leverage i	50:1	150:1
Equities leverage i	20:1	20:1
Cryptocurrency leverage i	20:1	5:1
Risk management
Stop losses i
Take profits i
Limit orders i
Trailing stop i
Margin call i
OCO orders i
Guaranteed stop loss i
Negative balance protection i
Minimum trade size (FX) i	0.01 lots	0.01 lots
Minimum trade size (stocks) i	USD 0	USD 0
Fractional stocks i
Trading compliance
Scalping strategies allowed i
Hedging strategies allowed i
Automated trading strategy allowed i
EAs use allowed i
HFT strategy allowed i
VPS use allowed i
API use allowed i
Price scraping allowed i
FIFO rule applies i

Account types

9 / 12

Pepperstone is better than Plus500 for account types, since Pepperstone offers a corporate account, an ECN account and a copy trading account, which Plus500 does not. Pepperstone and Plus500 both offer a demo account and a professional traders account.

Account types
Section score	Pepperstone 75 Best	Plus500 51 -24
Demo account i
Unlimited demo account i
Standard account i
Micro account i
Cent account i
Nano account i
Raw spread account i
ECN account i
Swap-free account i
Islamic account i
Professional traders account i
Fixed spread account i
Spread betting account i
Copy trading account i
Corporate account i
Managed account i
Stock investing account i
Margin investing account i
Savings account i
Retirement account i

Account opening

10 / 12

Pepperstone is better than Plus500 for account opening, as Pepperstone does not require a minimum deposit (against Plus500's 100 USD), offers 10 account base currencies (against Plus500's 3), and supports 3 e-wallets (against Plus500's 2). Pepperstone and Plus500 both offer credit cards and debit cards.

Account opening
Section score	Pepperstone 90 Best	Plus500 72 -18
Minimum deposit i	USD 0	USD 100
Minimum withdrawal i	USD 0	USD 0
Wire transfers i
Credit cards i
Debit cards i
eWallets i	PayPal, Neteller, Skrill	PayPal, Skrill
Local payment methods i
Account base currencies i	AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD	AUD, EUR, USD
Deposit waiting time i	up to 1 business days	up to 1 business days
Withdrawal waiting time i	up to 1 business days	up to 1 business days
Bonus program i

Customer care

11 / 12

Pepperstone is better than Plus500 for customer care, because Pepperstone offers a dedicated account manager, phone support and priority support, which Plus500 does not. Both Pepperstone and Plus500 offer live chat and email support.

Customer care
Section score	Pepperstone 73 Best	Plus500 58 -15
Number of languages supported i	10	29
Website languages i	Arabic, English, Italian, Korean, Polish, Russian, Spanish, Vietnamese, Chinese	Arabic, Bulgarian, Czech, Danish, German, English, Estonian, Finnish, French, Hebrew, Croatian, Hungarian, Icelandic, Latvian, Lithuanian, Maltese, Malay, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Turkish, Chinese
Website available in English i
Customer support languages i	Arabic, English, Italian, Korean, Polish, Russian, Spanish, Thai, Vietnamese, Chinese	Arabic, Bulgarian, Czech, Danish, German, English, Estonian, Finnish, French, Hebrew, Croatian, Hungarian, Icelandic, Latvian, Lithuanian, Maltese, Malay, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Turkish, Chinese
Customer support in English i
Call back request i
Email support i
Phone support i
Live chat i
Priority customer support i
Dedicated account manager i
Cash sweep i
Stock lending i
Distributes proceeds i
Tax withholding agent i
Tax assistance i

Learning

12 / 12

Pepperstone is better than Plus500 for learning, as Pepperstone offers daily market commentary and an economic calendar, which Plus500 does not. Pepperstone and Plus500 both offer education for advanced traders and webinars.

Learning
Section score	Pepperstone 88 Best	Plus500 75 -13
Education
Education center i
Education for beginners i
Education for advanced traders i
Webinars i
Tutorials i
Glossary i
Research
Economic calendar i
Traders' sentiment i
Daily market commentary i
Daily trading ideas i
News via social media i
Professional reports i
Watchlist i

Pepperstone

Open Account 89% of retail investor accounts lose money when trading CFDs with this provider.

Plus500

Open Account CFD service. 82% of retail investor accounts lose money

Our verdict

Pepperstone vs Plus500: which one should you choose?

Pepperstone

CFD Choose Pepperstone, regulated by the FCA and ASIC, if you want a CFD and forex broker with no minimum deposit, several trading platforms and fast execution.

Open Account 89% of retail investor accounts lose money when trading CFDs with this provider.

Plus500

CFD Choose Plus500, regulated by the same authorities, if you want an online CFD broker with low trading costs, a wide choice of markets and a guaranteed stop loss.

Open Account CFD service. 82% of retail investor accounts lose money