Pepperstone vs XM
Side-by-side broker intelligence across regulation, spreads, fees, platforms, and overall model score. Category winners use transparent heuristics and should be treated as editorial guidance, not investment advice.
4.8
4.5
8 pts
Head to head
Winners by category
Full comparison table
Rating
Pepperstone
4.8
XM
4.5
Model score
Pepperstone
94
XM
86
Regulation
Pepperstone
Regulators: ASIC (Australia), FCA (UK), CySEC (Cyprus), DFSA (Dubai), BaFin (Germany), CMA (Kenya), SCB (Bahamas)
XM
ASIC (Australia), CySEC (Cyprus), DFSA (Dubai), FSC (Belize)
Spreads
Pepperstone
Razor spreads start from 0.0 pips. Average EUR/USD spread ~0.1 pips (+ commission). High-speed execution via ECN/STP routing.
XM
Spreads start from 0.6 pips on XM Ultra Low accounts. 99.35% of orders executed in under 1 second with no requotes or order rejections.
Fees
Pepperstone
Razor Account: Raw spreads from 0.0 pips + competitive commission per side. Standard Account: Spread-only with no commission.
XM
XM Ultra Low Account: Spread-only pricing from 0.6 pips with zero commissions. Standard & Micro Accounts: Spreads start from 1.0 pips with no commission. Shares Account: Commission-based equity trading.
Platforms
Pepperstone
MT4, MT5, cTrader, TradingView.
XM
MetaTrader 4 (MT4), MetaTrader 5 (MT5), XM App
Account types
Pepperstone
Standard, Razor, Islamic.
XM
Micro, Standard, XM Ultra Low, Shares Account, Swap-Free (Islamic), Demo
Min deposit
Pepperstone
Minimum Deposit: $0 – $10 (varies by region, typically no minimum or $10 nominal)
XM
$5
| Topic | Pepperstone | XM |
|---|---|---|
| Rating | 4.8 | 4.5 |
| Model score | 94 | 86 |
| Regulation | Regulators: ASIC (Australia), FCA (UK), CySEC (Cyprus), DFSA (Dubai), BaFin (Germany), CMA (Kenya), SCB (Bahamas) | ASIC (Australia), CySEC (Cyprus), DFSA (Dubai), FSC (Belize) |
| Spreads | Razor spreads start from 0.0 pips. Average EUR/USD spread ~0.1 pips (+ commission). High-speed execution via ECN/STP routing. | Spreads start from 0.6 pips on XM Ultra Low accounts. 99.35% of orders executed in under 1 second with no requotes or order rejections. |
| Fees | Razor Account: Raw spreads from 0.0 pips + competitive commission per side. Standard Account: Spread-only with no commission. | XM Ultra Low Account: Spread-only pricing from 0.6 pips with zero commissions. Standard & Micro Accounts: Spreads start from 1.0 pips with no commission. Shares Account: Commission-based equity trading. |
| Platforms | MT4, MT5, cTrader, TradingView. | MetaTrader 4 (MT4), MetaTrader 5 (MT5), XM App |
| Account types | Standard, Razor, Islamic. | Micro, Standard, XM Ultra Low, Shares Account, Swap-Free (Islamic), Demo |
| Min deposit | Minimum Deposit: $0 – $10 (varies by region, typically no minimum or $10 nominal) | $5 |