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The comparison reads the same evidence fields used by broker profiles, so users can scan scores, regulation, costs, platforms, withdrawals, and caveats side by side.
Broker 1
Broker 2
| VS field |  |  |
|---|---|---|
Decision summary | ||
| Overall score | 86 | 90 |
| Trust score | 88 | 99 |
| Cost score | 84 | 85 |
| Platform score | 92 | 94 |
| Withdrawal score | 80 | 86 |
| Best for | Active forex/CFD traders who want MT4, MT5, cTrader or TradingView · Traders comparing Standard spread-only pricing vs Razor raw-spread plus commission · Users in supported jurisd… | Experienced forex/CFD traders · Scalpers, day traders and algorithmic traders comfortable with high-risk leveraged products · Users who specifically need MT4/MT5, cTrader or Tradi… |
| Watch out | Leverage, investor compensation, negative balance protection and funding availability differ by jurisdiction/entity · Minimum deposit messaging is inconsistent across official FAQ… | Long-term investors seeking physical stocks/ETFs · Beginners who need strong statutory investor compensation or negative balance protection · Residents of restricted countries or… |
Trust & regulation | ||
| Regulators | Regulators listed by Pepperstone Group: ASIC, SCB, CySEC, DFSA, UAE CMA/SCA, BaFin, Kenya CMA and FCA. Source | Financial Services Authority of Seychelles (FSA) Source |
| License numbers | Known official license numbers found: ASIC AFSL 414530; FCA 684312; CySEC 388/20; DFSA F004356; SCB SIA-F217; UAE 20200000358; Kenya CMA 128. BaFin number not found in reviewed official pages. Source | Securities Dealer license number SD018 Source |
| Regulated entities | Multiple Pepperstone entities are regulated in Australia, Bahamas, Cyprus/EEA, DIFC/UAE, Germany, Kenya and the UK; client protections differ by entity. Source | Raw Trading Ltd, registered in Seychelles (registration number 8419879-1), regulated by the Financial Services Authority of Seychelles with Securities Dealer license SD018. Source |
| Negative balance protection | Negative balance protection applies to retail clients, but not to Pepperstone Pro/professional clients; entity wording varies and should be reviewed for client jurisdiction. Source | No negative balance protection found for the reviewed global entity; IC says clients bear negative consequences and are responsible for any negative balance. Source |
| Investor compensation | Investor compensation is jurisdiction-specific: UK FSCS up to £85,000; Cyprus ICF up to €20,000; Germany EdW up to 90%/€20,000; other listed entities show no compensation scheme. Source | Client funds insurance up to US$1,000,000; no statutory investor compensation scheme found in reviewed official sources. Source |
| Restricted countries | Official regional disclaimers specifically mention United States, Belgium and (on EU pages) Spain, plus a general local-law restriction; country availability is entity-dependent. Source | Raw Trading Ltd does not provide services to residents of the United States of America, Canada, New Zealand, Iran, North Korea (DPRK), or countries where distribution/use would be contrary to local law or regulation. Source |
Costs & account conditions | ||
| Minimum deposit | Conflicting/regional: no universal minimum; common method minimum is $/€/£10, bank transfers may have no minimum, crypto/global $25. Source | No minimum deposit requirement disclosed for opening a trading account. Source |
| Spread from | Razor FX spreads from 0.0; Razor Spot Gold from 0.08; Standard FX examples from 1.0 on major pairs; spreads vary by market and conditions. Source | Spreads from 0.0 pips on MetaTrader/cTrader Raw Spread platforms; Standard account spread starts from 0.8 pip. Source |
| Commission | Standard generally commission-free except equity CFDs; Razor FX/XAU/USD raw spread plus commission from $3.50 per lot per side; share/ETF CFD commissions vary by market/platform. Source | Standard: no commission, 0.8 pip markup. Raw Spread MetaTrader: USD $3.50 per lot per side / $7 round turn. cTrader/TradingView: USD $3 per $100,000 traded per side. Source |
| Maximum leverage | Entity/client-type dependent: retail ranges from 1:30 in EU/UK/AU to 1:200 under SCB examples and 1:400 Kenya; Pro marketing claims up to 1:1000 but detailed tables show lower values in some contexts. Source | IC offers flexible leverage from 1:1 to 1:5000; leverage is dynamic and may change at any time. Source |
| Deposit fee | Pepperstone generally charges no internal deposit fees in reviewed tables, but third-party/intermediary fees may apply and availability varies regionally. Source | IC does not charge additional deposit fees; bank/intermediary fees may apply. Source |
| Withdrawal fee | Most withdrawal methods are free, but international bank wire/TT withdrawals may incur a Pepperstone pass-through/deduction around USD $20 or £15 depending region; third-party fees may apply. Source | IC does not charge additional withdrawal fees, but third-party/intermediary/bank fees can apply; one Help Centre example mentions 20 AUD bank fee for some bankwire paths. Source |
| Inactivity fee | No inactivity fee disclosed; accounts under ten units of currency inactive for three or more months may be archived. Source | No account inactivity fees. Source |
Markets, platforms & payments | ||
| Tradable assets | CFDs on FX, indices, commodities, cryptocurrencies, shares and more; account/platform pages list forex, indices, commodities, shares, ETFs and cryptocurrency CFDs, with regional restrictions. Source | Forex CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, Bonds CFDs, Cryptocurrency CFDs, Futures CFDs. Source |
| Trading platforms | Pepperstone offers its own platform/app plus TradingView, MT5, MT4 and cTrader; copy trading is also promoted. Source | MetaTrader 5, MetaTrader 4, cTrader, TradingView, MetaTrader WebTrader/cTrader Web and social/copy tools IC Social, Signal Start, ZuluTrade. Source |
| Account types | Main account types are Standard and Razor CFD; UK also offers spread betting; demo and Pro classification are available. Source | Official pages list Standard, Raw Spread, cTrader Raw Spread and Swap Free; account overview also shows Raw Pro and Raw Pro+ entries. Source |
| Deposit methods | Apple Pay, Google Pay, Visa/Mastercard, bank transfer, PayPal, Neteller, Skrill, Union Pay, USDT/ZotaPay and some local methods; availability varies by region and secure client area. Source | Credit/debit cards, PayPal, Neteller, Skrill, UnionPay, wire transfer, Bpay, broker-to-broker, POLI, Thai Internet Banking, Rapidpay, Klarna, Vietnamese Internet Banking, cryptocurrency. Source |
| Withdrawal methods | Withdrawals are handled through the secure client area and generally mirror supported funding methods, but availability is regional and funds are normally returned to same-name accounts/methods. Source | Withdrawal methods depend on original deposit method; examples include Visa/Mastercard/card routes, bank wire, Neteller, Skrill and PayPal. Source |
| Withdrawal processing time | Withdrawal time varies by method/region: wallets/cards often up to 1 business day; bank transfers can be up to 2 business days domestically and up to 7 or 3-5 working days for international/bank wire settlement. Source | Same-business-day processing cutoff before 12:00 AEST/AEDT; after processing allow at least 3 business days depending on method. Source |
BrokerVS provides broker comparison research only. Scores and evidence can vary by country, account type, and legal entity; users should verify source links before opening an account.