Updated October 17, 2026 · BrokerCue Editorial Team
Pepperstone vs Spreadex
Pepperstone vs Spreadex: the differences
| Compare |  Pepperstone |  Spreadex |
|---|---|---|
| Minimum deposit | $10 | £0 |
| Stock trade fee | $0.020 | £0 |
| Markets | Stocks, ETFs, Forex, CFDs, Crypto, Metals | Stocks, Forex, CFDs, Options, Spread betting |
| Retail accounts that lose money | 74.1% | 61% |
| Platforms | TradingView, MetaTrader 4, MetaTrader 5, CTrader, Pepperstone platform | Web, Mobile |
| Inactivity fee | Not confirmed | $0 |
| Regulators | Not confirmed | Financial Conduct Authority (FCA), UK Gambling Commission |
| Investor protection | Not confirmed | FSCS up to GBP 85,000 |
| EUR/USD spread | Not confirmed | 0.6% |
| Deposit and withdrawal fees | Not confirmed | Free deposits and withdrawals |
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Key differences
- Spreadex scores higher overall: 9.3 vs 9.2.
- Markets: only Pepperstone offers ETFs, Crypto, Metals.
- Markets: only Spreadex offers Options, Spread betting.
- Platforms: only Pepperstone offers TradingView, MetaTrader 4, MetaTrader 5.
- Platforms: only Spreadex offers Web, Mobile.
- Support channels: only Pepperstone offers Email.
- Support channels: only Spreadex offers Phone.
Our verdict on each
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.
Spreadex
Spreadex suits UK traders who want to deal shares without a trade commission, with the same account carrying forex, CFDs, options and spread betting. Regulated in the UK with FSCS investor protection, it ranks 1 of 161 brands on stock trade fees, which sit at £0.
Score breakdown
| Area | Pepperstone | Spreadex |
|---|---|---|
| Cost | 8.9 | 9.4HigherThe minimum deposit is £0, inactivity is $0 and the EUR/USD spread is 0.6%. |
| Offer | 9.5Higher | 9.1 |
| Trust | Not confirmed | 9.4 |
Where they rank in our lists
| Ranking | Pepperstone | Spreadex |
|---|---|---|
| Stock and ETF brokers | 22 of 471 | 82 of 471 |
Which one suits you
Pick Pepperstone if offer matter most.
Pick Spreadex if cost matter most.
Where each is licensed and available
| Country | Pepperstone | Spreadex |
|---|---|---|
| United Kingdom | Not confirmed |
Where these facts come from
Pepperstone
- pepperstone.com: 6 facts, checked October 17, 2026
Spreadex
- spreadex.com: 9 facts, checked September 26, 2026
- forexsuggest.com: 2 facts, checked September 26, 2026
- fxempire.com: 2 facts, checked September 26, 2026
- fxscouts.com.au: 2 facts, checked September 26, 2026
- topbrokers.com: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | Pepperstone | Spreadex |
|---|---|---|
| Features | Not confirmed | Mobile app |
| Pricing model | Not confirmed | Commission free, Low fees |
| Legal entity | Not confirmed | Spreadex Limited |
| Headquarters | Not confirmed | United Kingdom |
| Founded | Not confirmed | 1999 |
| Support channels | Email, Help centre | Phone, Help centre |
Where each stands against the rest
| Fact | Pepperstone | Spreadex | Median |
|---|---|---|---|
| Inactivity fee | Not confirmed | $0at the median | $0 |
| Retail accounts that lose money | 74.1%above the median | 61%lowest quarter | 72.21% |
| EUR/USD spread | Not confirmed | 0.6%below the median | 0.65% |
Median across 49 listed brokers.
Pros and cons
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.
Spreadex
Pros
- Shares cost £0 to buy and sell, and the pricing model is commission free and low fees.
- A single account covers stocks, forex and cfds, so shares, forex, CFDs, options and spread betting sit side by side.
- Trading runs on Web and Mobile platforms, and a mobile app is part of the feature set.
Cons
- Support runs on phone and help centre only, with no live chat or email listed.
- The risk warning puts 61% of retail accounts losing money.
- The market list runs stocks, forex and cfds, with no crypto, funds or bond offering.
Who each suits
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.
Spreadex
Who it suits
- UK residents who want to deal shares without a per-trade commission.
- Traders who want forex, CFDs, options and spread betting in the same account.
- Anyone who values a long operating history: Spreadex has run from the UK since 1999.
Who should look elsewhere
- Vantage, for anyone who prefers a stated minimum deposit of $5 to a free entry.
- CFI, whose minimum deposit is quoted in dollars at $0.
- Anyone who wants live chat or email support, because Spreadex lists phone and help centre only.
Country by country
| Country | Pepperstone | Spreadex |
|---|---|---|
| United Kingdom | No | Yes |
Questions about each
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.
Spreadex
What does it cost to deal shares on Spreadex?+
Stock trades are £0, and the pricing model is listed as commission free and low fees. Spreadex ranks 1 of 161 brands on stock trade fees, so share dealing sits at the cheaper end of what brokers charge.
Is there a minimum deposit at Spreadex?+
The minimum deposit is £0, so an account can be opened and funded with a small balance. Spreadex ranks 1 of 213 brands on minimum deposit, worth weighing against brokers that ask for a starter amount.
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