Alison Heyerdahl
Edited by Alison Heyerdahl
Author

Eightcap vs. Pepperstone

In the fast-paced world of forex trading, choosing the right broker is crucial. Pepperstone and Eightcap are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.

Select Brokers to Compare

Forex Broker Comparison
Broker Score
4.53
/ 5
4.61
/ 5
Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Assets Available
Education & Research
Customer Service
Beginner Friendly
Analysis Research
Min. Deposit
AUD 100
USD 0

Regulation

Regulation
Australian Securities & Investment CommissionCyprus Securities and Exchange CommissionFinancial Conduct AuthoritySecurities Commission of the Bahamas
Australian Securities & Investment CommissionBundesanstalt für FinanzdienstleistungsaufsichtCapital Markets AuthorityCyprus Securities and Exchange Commission
Dubai Financial Services AuthorityFinancial Conduct AuthoritySecurities Commission of the Bahamas
Trading Desk Type
Market Maker NDD
NDD
Trading Instruments
Commodities, Cryptocurrencies, Stock CFDs, Forex, Indices, Metals
Commodities, Cryptocurrencies, Energies, Stock CFDs, ETFs, Forex, Indices, Metals

Conditions

Forex Pairs
55
90
Crypto Pairs
100
30
Pros
  • Great platform choice
  • Excellent education
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
Cons
  • Limited demo account
  • No swap-free account option
  • Well regulated
  • Tight spreads
  • Great platform choice
  • Wide range of assets
% Lose with this broker
0
81.3%
Leverage
500:1
200:1
Spread
0 pips
0.01 pips
Hedging
Yes
Yes
Scalping
Yes
Yes
Account Types
Raw, Standard, TradingView
cTrader Razor, MT5 Razor, MT4 Razor, Standard, Swap-free
Islamic Account
No
Yes
Trading Platforms
MT4, MT5, TradingView
MT4, MT5, cTrader, TradingView
Funding Methods
Bank Transfer, BPay, Mastercard, Neteller, POLi, Skrill, Unionpay, Visa
Bank Transfer, BPay, Mastercard, Neteller, Paypal, POLi, Skrill, Visa
Trading Commissions
7 USD / lot
6 USD / lot
Octa Octa
Eightcap
Pepperstone
Trust Rating
5
5
Trading Conditions
4.5
4.5
Trading Platforms
4.5
5
Deposit & Withdrawal
4.5
4
Assets Available
4.5
4.5
Education & Research
4.5
4.5
Customer Service
4
4.5
Beginner Friendly
4
3
Analysis Research
5
5
Overall Rating
4.53
/ 5
4.61
/ 5

How Do Pepperstone and Eightcap Compare?

The radar chart above illustrates the comparison between Pepperstone and Eightcap across several key metrics, with the highest possible score being 100 in each category.

Helping You Choose the Right Broker

At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated Pepperstone and Eightcap, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.

Trust and Regulation

Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. The more top-tier authorities regulating a broker, the higher its trust rating.

In our comparison:

  • Pepperstone holds four Tier 1 and one Tier 2 licences.
  • Eightcap holds three Tier 1 and no Tier 2 licences.

Based on these findings, Pepperstone earned a higher trust rating than Eightcap.

Is Pepperstone financially regulated?

Yes Pepperstone was founded in 2010 and is regulated by ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB.

 

Is Eightcap financially regulated?

Yes Eightcap was founded in 2009 and is regulated by ASIC, CySEC, FCA and SCB.

 

Trading Costs Comparison

When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.

We found that Eightcap and Pepperstone have the same trading costs.

Top Overall Brokers by Broker Score

Trading Platforms Offered

Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.

  • Pepperstone supports MT4, MT5, cTrader and TradingView
  • Eightcap supports MT4, MT5 and TradingView

Copy Trading Availability

Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both Eightcap and Pepperstone offer copy trading.

Range of Trading Instruments

A broader range of CFD instruments provides more trading opportunities. Pepperstone offers a greater variety of instruments compared to Eightcap:

  • Pepperstone: 90 Forex pairs.
  • Eightcap: 55 Forex pairs.

Cryptocurrency Trading

For those interested in trading cryptocurrencies, Eightcap offers 100 cryptocurrencies, while Pepperstone offers 30 cryptocurrencies. Therefore, Eightcap is the better choice for cryptocurrency trading.

Deposit and Withdrawal Processes

Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that neither Eightcap nor Pepperstone charges a withdrawal fee. Overall, Eightcap has better deposit and withdrawal processes than Pepperstone. 

Educational Support?

We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. 

Eightcap and Pepperstone both have moderate educational support. Both Eightcap and Pepperstone offer educational support for more experienced traders.

Market Analysis Materials

Access to frequent and high-quality market research and analysis is crucial.

We found that Pepperstone offers better research analysis than Eightcap and that both Eightcap and Pepperstone offer frequent webinars.

Overall Verdict

  • Pepperstone:

    One of our highest-rated brokers for Malaysian traders, Pepperstone was founded in Australia in 2010 and is globally renowned for its low trading costs and choice of trading platforms. Pepperstone keeps costs low with some of the tightest spreads we've seen, starting from 1.00 (EUR/USD) on its Standard Account. For those who prefer classic ECN trading, the Razor Account has low commissions and spreads averaging just 0.10 pips on the EUR/USD. Neither account has a required minimum deposit. Islamic accounts are also available for Malaysian residents.

    Despite the low costs, we are disappointed with Pepperstone's complicated commission structure. But more experienced traders will appreciate Pepperstone’s trading platform options, including MT4, MT5, and cTrader, which integrates seamlessly with the TradingView tool. All are available on desktop and mobile devices. Pepperstone’s education section is not the most extensive we’ve seen, but it is competent and well-structured, making it a good place to start for beginner traders. 

  • Eightcap:

    With two simple low deposit accounts, Eightcap offers appeals to cryptocurrency traders who are familiar with the MT4 and MT5 trading platforms looking for a large range of cryptocurrency options.   

    A well-regulated broker, Eightcap offers trading on Forex, indices, commodities, share CFDs, and over 250 cryptocurrencies, the largest set in the industry.    

    Eightcap offers two live accounts and a demo account. Both of its live accounts have a minimum deposit of 100 AUD (or currency equivalent), making them appealing to beginner traders.  The Standard Account has fees included in its variable spreads, which average at 1 pip on the EUR/USD, while its Raw Spread Account offers competitive spreads of 0.1 pips (EUR/USD) in exchange for a commission of 7 USD (round turn).  

    Both MT4 and MT5 are fully supported, and Eightcap offers a premium toolset by FX Blue Labs that includes an array of sophisticated alarms and messaging systems, and live sentiment and correlation tracking.  It also offers Capitalise.ai, a platform that helps customers create automated trading strategies using intuitive non-coding language.  

    While Forex education and analysis are not as comprehensive as some of Eightcap’s larger competitors, customer service is available in 10 languages and is responsive and knowledgeable.

Overall Ratings

  • Pepperstone: 4.61
  • Eightcap: 4.53

For more detailed reviews, please read our comprehensive assessments of Pepperstone and Eightcap.

Pepperstone
AvaTrade
FCA, ASIC
Regulators
ASIC, FSCA
200:1
Leverage
400:1
MT4, MT5
Platforms
MT4, MT5
0.01 pips
Min. Spread
0.9 pips
USD 0
Min. Deposit
USD 100
Octa
XM
CySEC, FSCA
Regulators
CySEC, ASIC
1000:1
Leverage
1000:1
MT4, MT5
Platforms
MT4, MT5
0.6 pips
Min. Spread
0.6 pips
USD 25
Min. Deposit
USD 5
Tickmill
Pepperstone
CySEC, FCA
Regulators
FCA, ASIC
500:1
Leverage
200:1
MT4, MT5
Platforms
MT4, MT5
0.0 pips
Min. Spread
0.01 pips
USD 100
Min. Deposit
USD 0
AvaTrade
FxPro
ASIC, FSCA
Regulators
FCA, CySEC
400:1
Leverage
200:1
MT4, MT5
Platforms
MT4, MT5
0.9 pips
Min. Spread
0.4 pips
USD 100
Min. Deposit
USD 100
Unbiased Expertise

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Educational Resources

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Transparent Information

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Best Forex Brokers in the Malaysia for 2024

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Regulated by FCA
Licenced by
Min. Deposit
Cost of Trading
Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission.
Broker Score
Official Site
Compare
Yes
FCA Regulated Forex BrokersASIC Regulated BrokersCySEC Regulated BrokersDFSA Regulated Forex Brokers
Bundesanstalt für FinanzdienstleistungsaufsichtSecurities Commission of the BahamasCapital Markets Authority
USD 0
USD 10
4.61
/ 5
No
CySEC Regulated BrokersFinancial Services Conduct AuthorityMwali International Services Authority
USD 25
USD 6
4.37
/ 5
Yes
CySEC Regulated BrokersFCA Regulated Forex BrokersFinancial Services Conduct AuthorityThe Seychelles Financial Services Authority
DFSA Regulated Forex Brokers
USD 100
USD 6
4.58
/ 5
No
ASIC Regulated BrokersFinancial Services Conduct AuthorityCySEC Regulated BrokersFinancial Services Agency
Central Bank of IrelandFinancial Regulatory Services AuthorityIsrael Securities Authority
USD 100
USD 9
4.59
/ 5
No
CySEC Regulated BrokersASIC Regulated BrokersDFSA Regulated Forex BrokersInternational Financial Services Commission
Financial Services Conduct Authority
USD 5
USD 6
4.45
/ 5
No
ASIC Regulated BrokersCySEC Regulated BrokersFinancial Services Conduct AuthorityThe Seychelles Financial Services Authority
Financial Services CommissionCapital Markets Authority
AUD 100
USD 6
4.40
/ 5
No
CySEC Regulated BrokersThe Seychelles Financial Services AuthoritySecurities Commission of the Bahamas
USD 200
USD 8
4.46
/ 5
Yes
CySEC Regulated BrokersFCA Regulated Forex BrokersFinancial Services Conduct AuthorityDFSA Regulated Forex Brokers
Financial Services CommissionThe Seychelles Financial Services Authority
USD 0
USD 10
4.53
/ 5
No
ASIC Regulated BrokersVanuatu
AUD 0
USD 4.50
4.41
/ 5
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Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.

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