Pepperstone vs OspreyFX
Pepperstone or OspreyFX – which is better for UK traders 2024? Compare Pepperstone and OspreyFX in this detailed breakdown of their platforms, features and fees.
| Pepperstone | OspreyFX |
|---|---|
 |
 |
|
|
| Pepperstone is ranked #6 among CFD brokers. | OspreyFX is ranked #54 among CFD brokers. |
| Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for traders at all levels. | OspreyFX is an ECN broker headquartered in St. Vincent and the Grenadines. Established in 2019, the firm offers 120+ forex and CFD assets with high leverage up to 1:500, tight spreads from 0.1 pips and round-the-clock customer support. OspreyFX also stands out for its funded trading accounts where traders can keep up to 70% of profits. |
| CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.1% of retail investor accounts lose money when trading CFDs. | |
| Pros | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| FCA Regulated | |
| Yes | No |
| Instruments | |
| CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto (only Pro clients), Spread Betting | Forex, Cryptos, Indices, Stocks, Commodities |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $0 | $10 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB | |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| Trading App | |
Pepperstone excels for its excellent integration with the MT4, MT5, cTrader, and TradingView apps, making it a standout option for traders familiar with these leading third-party trading solutions. These platforms deliver a stable and reliable mobile trading experience, enhanced by Pepperstone’s almost unrivalled execution speeds and wide range of asset classes. |
The Forex Squad app is a free education tool with beginner-friendly training and content on a range of topics, including fundamental analysis, forex strategy and trading psychology. The app is free to download. |
| iOS App Rating | |
|
|
|
| Android App Rating | |
|
|
|
| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| Yes | Yes |
| cTrader | |
| Yes | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| Yes | No |
| Autochartist | |
| Yes | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | No |
| STP Account | |
| Yes | Yes |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| Yes | No |
| MAM Account | |
| Yes | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| Yes | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | No |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | No |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| Yes | No |
| Copy Trading Platform | |
| Pepperstone facilitates the replication of experienced traders' strategies through MetaTrader Signals, DupliTrade and now its own copy trading app (available in certain regions) through a partnership with Pelican Trading, providing access to thousands of experienced traders and personalized risk parameters. On the downside, it lacks support for cTrader Copy which may deter users familiar with the terminal from Spotware. | |
| Social Trading | |
| No | No |
| Trade Signals | |
| Yes (Via Chartist Software) | |
| VPS Hosting | |
| Yes | No |
| Tournaments | |
| No | Yes |
| Demo Competitions | |
| No | Yes |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
|
|
| Commodities | |
|
|
| CFD | |
| Pepperstone maintains its position as one of the fastest and most dependable CFD brokers during our latest round of testing. With execution speeds averaging around 30ms and an outstanding fill rate of 99.90%, the broker ensures a seamless trading experience without requotes or dealing desk interference. It also provides ample trading opportunities across over 1,300 assets. | OspreyFX offers leveraged CFDs on forex, commodities, stocks, cryptos and indices. Deep liquidity is available from 50+ providers with a competitive ECN account that will suit active trading strategies, including scalping. |
| Leverage | |
| 1:30 (Retail), 1:500 (Pro) | 1:500 |
| FTSE Spread | |
| 1.0 | 0.5 pts |
| GBPUSD Spread< | |
| 0.4 | 0.8 pips |
| Oil Spread | |
| 2.5 | 0.09 pips |
| Stocks Spread | |
| 0.02 | 0.4 pips |
| Forex | |
| Pepperstone offers ultra-competitive forex spreads averaging 0.12 pips on EUR/USD in the Razor account, accompanied by a diverse portfolio comprising 100+ currency pairs - an extensive selection surpassing most competitors. Additionally, Pepperstone distinguishes itself by offering three currency indices (USDX, EURX, JPYX), not commonly found among alternative platforms. Pepperstone has now won our annual 'Best Forex Broker' award twice. | OspreyFX offers more than 50 major, minor and exotic currency pairs. Spreads start from just 0.1 pips on the EUR/USD and the broker provides a suite of forex trading education for beginners, including partnering with Forex Squad for fresh insights. |
| Assets | |
| 100+ | 55+ |
| GBPUSD Spread | |
| 0.4 | 0.8 |
| EURUSD Spread | |
| 0.1 | 0.5 |
| EURGBP Spread | |
| 0.4 | 0.8 |
| Currency Indices | |
|
|
| Cryptocurrency | |
| Pepperstone continues to prove itself as one of the most trusted crypto brokers. Although its selection of digital tokens is average, you can trade popular cryptos like Bitcoin and altcoins like Ripple with up to 1:10 leverage, while its crypto indices provide a holistic view of the digital currency markets not found on most trading platforms. | OspreyFX offers a decent selection of crypto coins paired with USD, including Bitcoin. 1:10 leverage is available with starting deposits from just $10 and support for Expert Advisors (EAs). |
| Spread | |
| BTC 30, ETH 0 | Variable |
| Coins | |
|
|
| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Pepperstone | OspreyFX |
| CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.1% of retail investor accounts lose money when trading CFDs. | |
| More Comparisons | |
|
Pepperstone vs |
OspreyFX vs |