Updated October 17, 2026 · BrokerCue Editorial Team
Freedom24 vs Pepperstone
Where Freedom24 and Pepperstone differ
| Compare |  Freedom24 |  Pepperstone |
|---|---|---|
| Minimum deposit | €0 | $10 |
| Stock trade fee | €2 | $0.020 |
| Markets | Stocks, ETFs, Options, Bonds | Stocks, ETFs, Forex, CFDs, Crypto, Metals |
| Platforms | Freedom24 App, Freedom24 Web | TradingView, MetaTrader 4, MetaTrader 5, CTrader, Pepperstone platform |
| Account fee | €0 | Not confirmed |
| Inactivity fee | €0 | Not confirmed |
| Regulators | CySEC | Not confirmed |
| Investor protection | EU ICS up to EUR 20,000 | Not confirmed |
| Retail accounts that lose money | Not confirmed | 74.1% |
| Currency conversion fee | 0.005% | Not confirmed |
| Options contract fee | $0.65 | Not confirmed |
| Deposit and withdrawal fees | EUR 7 per withdrawal | Not confirmed |
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Key differences
- Pepperstone scores higher overall: 9.2 vs 8.9.
- Markets: only Freedom24 offers Options, Bonds.
- Markets: only Pepperstone offers Forex, CFDs, Crypto.
- Platforms: only Freedom24 offers Freedom24 App, Freedom24 Web.
- Platforms: only Pepperstone offers TradingView, MetaTrader 4, MetaTrader 5.
Our verdict on each
Freedom24
Freedom24 suits European investors who want stocks, ETFs, options and bonds under one CySEC-regulated roof, and who would rather not pay an annual account charge of €0. A euro minimum deposit of €0 keeps entry easy, while per-deal trading costs make it a better fit for occasional buyers than for frequent traders.
Pepperstone
Pepperstone is a CFD broker with several platforms and a demo account. It suits active traders, though leveraged CFDs carry a high risk of quick losses.
Score breakdown
| Area | Freedom24 | Pepperstone |
|---|---|---|
| Cost | 9.2HigherCost is middling: account fee €0 and minimum deposit €0 are nil, but €2 per deal is high against the €0 median. | 8.9 |
| Offer | 8.9 | 9.5Higher |
| Trust | 8.7 | Not confirmed |
Where they rank in our lists
| Ranking | Freedom24 | Pepperstone |
|---|---|---|
| Stock and ETF brokers | 161 of 471 | 22 of 471 |
Where each is licensed and available
| Country | Freedom24 | Pepperstone |
|---|---|---|
| Cyprus | CySEC 275/15 | Not confirmed |
Where these facts come from
Freedom24
- forex.wikibit.com: 3 facts, checked September 26, 2026
- matchmybroker.com: 3 facts, checked September 26, 2026
- ucits-etfs.com: 3 facts, checked September 26, 2026
- beinoption.vercel.app: 2 facts, checked September 26, 2026
- eupersonalfinance.eu: 2 facts, checked September 26, 2026
Pepperstone
- pepperstone.com: 6 facts, checked October 17, 2026
Every fact side by side
| Fact | Freedom24 | Pepperstone |
|---|---|---|
| Features | Options, Mobile app | Not confirmed |
| Legal entity | Freedom Finance Europe Ltd | Not confirmed |
| Headquarters | Cyprus | Not confirmed |
| Founded | 2013 | Not confirmed |
| Support channels | Not confirmed | Email, Help centre |
Where each stands against the rest
| Fact | Freedom24 | Pepperstone | Median |
|---|---|---|---|
| Account fee | €0at the median | Not confirmed | €0 |
| Inactivity fee | €0below the median | Not confirmed | €2.45 |
| Retail accounts that lose money | Not confirmed | 74.1%above the median | 72.21% |
| Currency conversion fee | 0.005%lowest quarter | Not confirmed | 0.45% |
| Options contract fee | $0.65above the median | Not confirmed | $0.625 |
Median across 53 listed brokers.
Pros and cons
Freedom24
Pros
- Account fee €0 and inactivity fee €0 leave the cost of holding an account at nil.
- A minimum deposit of €0 sits well under the €6.17 median for stock brokers.
- A single account covers stocks, etfs and options, so an ETF, a bond and an option sit together.
Cons
- A stock trade fee of €2 ranks 126 of 161 on the site, well behind the field.
- Withdrawals cost EUR 7 per withdrawal each.
- Currency conversion is charged at 0.005% on positions held outside the euro.
Pepperstone
Pros
- Several platforms, including MetaTrader, cTrader and TradingView.
- Two pricing styles, one all in and one commission based.
- A demo account with virtual funds before going live.
Cons
- Leverage can cause fast losses, and a high share of retail accounts lose money.
- Overnight positions can pay or earn interest, with larger midweek rollovers.
- Withdrawals must go to an account or card in your own name.
Who each suits
Freedom24
Who it suits
- Investors who want stocks, etfs and options in one account with an account fee of €0.
- Savers who prefer a euro starting point of €0 and a firm authorised in Cyprus under 275/15.
- People who trade from a phone as well as a browser, since Freedom24 App and Freedom24 Web lists the Freedom24 App and web platform.
Who should look elsewhere
- eToro, if the cost of each trade decides it, because its stock trade fee is $0.
- Vantage, if you would rather start with a deposit of $5 than fund the account from the first unit.
Pepperstone
Who it suits
- Traders who want a choice of MetaTrader, cTrader and TradingView.
- Frequent FX, gold or index CFD traders.
Who should look elsewhere
- Anyone who cannot accept fast losses from leverage.
- Long term investors who want to own shares outright.
Questions about each
Freedom24
What does a trade cost at Freedom24?+
A stock trade costs €2, with options at $0.65 per contract and currency conversion at 0.005%. That per-deal cost is the number to weigh, since the account fee of €0 adds nothing to it.
Is there an account fee or an inactivity charge?+
The account fee is €0 and the inactivity fee is €0. Both rank 1 on the site, so an unused account does not start costing money. That suits investors who top up in small amounts rather than trading often.
Pepperstone
Does Pepperstone charge fees on deposits or withdrawals?+
The company charges no internal funding or withdrawal fees, though your bank or payment provider may apply its own charges. Deposits can be made by debit or credit card, digital wallet, or domestic and international bank transfer. Withdrawals must go to an account or card in the same name.
Can I practise on a demo account first?+
Yes. A demo account uses virtual funds in a live market environment and runs on the same platforms as live accounts. You can test strategies, try order types and explore charts and indicators without risking capital. Demo accounts cannot be reactivated once closed, so keep notes on what you tested.
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