Comparison of Orbex and Pepperstone
| Feature | Orbex | Pepperstone |
|---|---|---|
| Broker | ||
| Year Founded | 2010 | 2010 |
| Broker Type | STP | ECN, DMA |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | FSC, FSA, CySEC | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
| Spread | ⮕ Average | ⬊ Low |
| Maximum Leverage | 1:500 | 1:500 |
| Minimum Deposit | $100 | $1 |
| Base Currencies | USD, EUR, GBP, PLN | USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD |
| Funding Methods | Bank Wire, Visa/Mastercard, Skrill, Neteller, Perfect Money, UnionPay, FasaPay, POLi, ENet, Tether (USDT), PayRetailers, VN Pay, Virtual Pay | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether) |
| Inactivity Fee | $20/month on dormant accounts after ~6 months of inactivity | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
| Protection Size | €20 000 | £85 000 / €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✔ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✔ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✖ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks (CFDs), Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | Orbex Review | Pepperstone Review |
About Orbex
Orbex is a multi-entity broker regulated by the Mauritius FSC (global) with additional group entities in Cyprus and Seychelles. Traders can choose between three clear account tiers — Starter (no commission), Premium (raw pricing, $8 RT), and Ultimate (raw pricing, $5 RT) — on MT4 or MT5. Minimum deposits start from $100, maximum leverage is up to 1:500 (entity-dependent), and stop-out/margin call levels are typically 20%/100%. The product list covers 70+ FX pairs, stock and index CFDs, metals, energies and a set of major cryptocurrencies. Convenience extras include copy trading, Islamic (swap-free) terms for eligible clients, and a free VPS when account balance/deposit criteria are met. Funding supports cards, bank wires, major e-wallets and USDT, with near-instant processing for most methods; the broker generally doesn’t charge funding fees, though processors may.
Pros
- Three straightforward account types on MT4/MT5
- Raw pricing on Premium/Ultimate
- Leverage up to 1:500 (outside EU)
- Copy trading, Islamic accounts, and free VPS
- Broad funding stack incl. cards, e-wallets, and USDT
Cons
- Inactivity fee
- Instrument counts on MT4/5 can vary by account
About Pepperstone
Pepperstone is a globally recognized forex and CFD broker renowned for its competitive pricing, advanced trading platforms, and superior customer service. Founded in 2010 and headquartered in Melbourne, Australia, Pepperstone has grown to become a trusted name in online trading. With multiple regulatory licenses from top-tier authorities, including ASIC, FCA, and CySEC, the broker offers a secure and transparent trading environment. Whether you're a novice or an experienced trader, Pepperstone provides a range of tools and features to enhance your trading journey.
Pros
- Tight spreads starting from 0.0 pips on Razor accounts
- Regulated by multiple top-tier authorities (ASIC, FCA, CySEC, etc.)
- Access to advanced trading platforms like MetaTrader 4/5 and cTrader
- Excellent for scalping and algorithmic trading with fast execution speeds
- No minimum deposit requirement, making it accessible to all traders
- Dedicated 24/5 multilingual customer support
Cons
- Limited in-house educational resources for beginners
- Limited availability of bonus offers or promotions
Orbex & Pepperstone Regulation
| Feature | Orbex | Pepperstone |
|---|---|---|
Companies | Orbex Global Limited; Orbex Limited; Orbex Ltd | Pepperstone Group Limited, Pepperstone Markets Limited, Pepperstone EU Limited, Pepperstone Financial Services (DIFC) Limited, Pepperstone GmbH, Pepperstone Markets Kenya Limited, Pepperstone Limited |
Countries | Mauritius, Seychelles, Cyprus | Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom |
Regulators | FSC, FSA, CySEC | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA |
Investor Protection | Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | £85 000 / €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Orbex | Pepperstone |
|---|---|---|
STP Account | ||
| Account Name | Starter | — |
| Min Deposit | $100 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 1.5 | — |
| Fee | No | — |
| Max Leverage | 1:500 | — |
| Stop Out | 20% | — |
| Margin Call | 100% | — |
ECN Account | ||
| Account Name | Premium | Standard |
| Min Deposit | $500 | $1 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.0 | 1 |
| Fee | $8 per 1 lot | No |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 20% | 20% |
| Margin Call | 100% | 90% |
Zero Account | ||
| Account Name | Premium | Razor |
| Min Deposit | $500 | $1 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.0 | 0 |
| Fee | $8 per 1 lot | $7 per 1 lot |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 20% | 20% |
| Margin Call | 100% | 90% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | Orbex | Pepperstone |
|---|---|---|
Base currencies | USD, EUR, GBP, PLN | USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD |
Deposit and withdrawal methods | Bank Wire, Visa/Mastercard, Skrill, Neteller, Perfect Money, UnionPay, FasaPay, POLi, ENet, Tether (USDT), PayRetailers, VN Pay, Virtual Pay | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether) |
Inactivity fee | $20/month on dormant accounts after ~6 months of inactivity | |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | Orbex | Pepperstone |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
Execution Speed | - | 40 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | average | low |
Trading Assets
| Asset | Orbex | Pepperstone |
|---|---|---|
Currencies | 36 | 97 |
Indices | 5 | 26 |
Stocks | 146 | 986 |
Cryptocurrencies | 11 | 30 |
Bonds | 0 | 0 |
Metals | 4 | 20 |
Energies | 1 | 4 |
Soft Commodities | 3 | 16 |
ETFs | 0 | 108 |
Education and Analytics
| Feature | Orbex | Pepperstone |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | Orbex | Pepperstone |
|---|---|---|
Email | support@orbex.com | support@pepperstone.com |
Phone | +442035198140 | +17866281209 |
Telegram | Telegram | — |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter | ||
TikTok | TikTok | — |
Which Broker is Better?
After comparing Orbex and Pepperstone, Pepperstone comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.