Pepperstone vs XM 2026: which is better?
We compared Pepperstone and XM on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- Pepperstone holds 4 licences from strong regulators, against 0 for XM.
- The minimum deposit at Pepperstone is $0, against $5 at XM.
- Pepperstone offers cTrader, TradingView, which XM does not.
Comparison table
| Comparison table |
Pepperstone
Broker
|
XM
Broker
|
|---|---|---|
| Licences | FCA, ASIC, DFSA, BaFin, CySEC, CMA, CMA (KE), SCB Best | FSC |
| Minimum deposit | $0 Best | $5 |
| Maximum leverage | 1:400 | 1:1000 |
| Trading platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Web Trader, Mobile App | MetaTrader 4, MetaTrader 5, Mobile App, XM App |
| Markets | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices, Exchange-Traded Funds (ETFs) | Forex, Stocks, Commodities and Gold, Indices, Exchange-Traded Funds (ETFs) |
| Islamic account | ✓ Yes | ✓ Yes |
| Demo account | ✓ Yes | ✓ Yes |
| Copy trading | ✓ Yes | ✓ Yes |
| Founded | 2010 | — |
| Headquarters | Melbourne, Australia | — |
| Read the review | Read the review |
Data is for information only and may change; always check the official website before opening an account.
Add a third broker to the comparison
Choose Pepperstone if you
- want more licences from strong regulators
- want to start with less money
- use cTrader, TradingView
Frequently asked questions
Which is better, Pepperstone or XM?
We compared Pepperstone and XM on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. Pepperstone holds 4 licences from strong regulators, against 0 for XM. The minimum deposit at Pepperstone is $0, against $5 at XM. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are Pepperstone and XM regulated?
Pepperstone licences: FCA, CySEC, ASIC, DFSA, SCB, CMA, CMA (KE), BaFin. XM licences: FSC.
What is the minimum deposit at Pepperstone and XM?
Pepperstone: $0. XM: $5.
Do Pepperstone and XM offer an Islamic account?
Pepperstone: Yes. XM: Yes.