Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs Fineco, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing the online brokers Pepperstone and Fineco, both show strong regulatory credentials but cater to slightly different needs. Founded in 2010, Pepperstone offers three highly trusted Tier-1 licenses and two trusted Tier-2 licenses, ranking it with a high Trust Score of 95 by ForexBrokers.com. While not publicly traded or a bank, Pepperstone has built its reputation as a reliable online trading option within a shorter timeline.
Fineco, established in 1999, also commands respect with its two Tier-1 licenses and a solid Trust Score of 94. As a publicly traded bank, Fineco adds a layer of security that might appeal to investors seeking a broader financial services package. Although it holds fewer regulatory licenses compared to Pepperstone, its strong market presence and diversified offerings make it a compelling choice for those looking for comprehensive financial services.
| Feature |
Pepperstone
|
Fineco
|
|---|---|---|
| Year Founded | 2010 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
Pepperstone and Fineco are both online brokers, but they differ significantly in their commissions and fees. Pepperstone stands out with its competitive pricing through its Razor account, which connects high-volume traders with low average spreads and a commission-based structure. Pepperstone offers an average spread of 0.10 pips for EUR/USD on its Razor account, with an all-in cost of 0.80 pips when factoring in commissions. This pricing is near the industry average and is particularly appealing through its Active Trader program, which offers rebates based on trading volume. In contrast, Pepperstone’s Standard account has a higher spread of 1.1 pips on EUR/USD and does not charge a commission, making it a more costly option when compared to Razor.
Fineco, on the other hand, does not provide the same level of transparency in listing average spread data, making it difficult to assess the true cost of trading. Although Fineco lists a spread of 1 pip for EUR/USD, it lacks clarity on whether this represents an average figure. This spread is higher than the industry's typical offerings. Despite this, Fineco might offer more favorable spreads on index CFDs. Without clear average spread data, assessing Fineco's competitiveness remains challenging.
When it comes to overall ratings and rankings in commissions and fees, Pepperstone boasts a higher rating and ranking compared to Fineco. Pepperstone is rated 4.5 out of 5 stars and ranks 10th out of 63 brokers, according to ForexBrokers.com. In comparison, Fineco is rated 3.5 stars and is positioned lower, ranking 51st. This distinction highlights Pepperstone's cost-effectiveness and favorable trading conditions for experienced traders seeking more advantageous pricing.
| Feature |
Pepperstone
|
Fineco
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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When comparing Pepperstone and Fineco for their range of available investments, both brokers provide opportunities for forex trading through CFDs or spot contracts. Pepperstone shines with a higher number of tradable forex pairs, offering 65 compared to Fineco's 54. However, Fineco boasts a more extensive variety of tradeable symbols, with a total of 9770 compared to Pepperstone's 1726. This difference in offerings may appeal to investors looking for diversity beyond currency trading.
In terms of exchange-traded securities, Fineco takes the lead as it allows clients to invest in shares on both U.S. and international exchanges, such as Apple and Vodafone, something Pepperstone does not offer. For those interested in cryptocurrency derivatives, Pepperstone provides access, while Fineco does not. Additionally, Pepperstone supports copy trading, a feature absent from Fineco. Overall, Fineco has a slight edge with a rating of 4.5 stars for their range of investments and ranks 16th out of 63 brokers according to ForexBrokers.com, compared to Pepperstone's 4-star rating and 26th position.
| Feature |
Pepperstone
|
Fineco
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 9770 |
| Forex Pairs (Total) | 65 | 54 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | No |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Pepperstone and Fineco both offer well-equipped trading platforms, though there are notable differences in what they provide. Pepperstone stands out by offering a free virtual demo account, allowing new traders to familiarize themselves with trading risk-free, a feature that Fineco lacks. Both brokers provide proprietary platforms and support for Windows-based desktop trading, as well as web-based trading platforms. Pepperstone has the added advantage of supporting popular platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which Fineco does not. Additionally, Pepperstone caters to those interested in copy trading with its support for DupliTrade, whereas Fineco does not offer copy trading options.
In terms of charting tools, Pepperstone offers a more comprehensive package with 30 drawing tools compared to Fineco's 7. While Pepperstone allows trading directly from stock charts, Fineco does not offer this functionality. Pepperstone also provides seven columns for watch lists, enhancing the ability for traders to customize their views, a feature not detailed for Fineco. Despite these differences, both platforms receive a four-star rating for their trading platforms and tools. However, Fineco is slightly better placed, ranked at #18 compared to Pepperstone’s #22, out of 63 brokers according to ForexBrokers.com.
| Feature |
Pepperstone
|
Fineco
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 37 |
| Charting - Drawing Tools (Total) | 30 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 7 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Pepperstone and Fineco offer mobile trading apps for iPhone and Android users, catering to the needs of traders who are on the go. A notable feature of Pepperstone's app is its ability to sync watchlist symbols with the client's online account, ensuring that any changes made are updated across all platforms. Fineco, however, does not offer this syncing capability. Additionally, both apps provide alerts for stock or forex prices, keeping traders informed of market movements.
When it comes to charting capabilities, Pepperstone stands out with 30 technical studies available in its app, compared to just 6 offered by Fineco. Pepperstone users can also draw trendlines and have their chart drawings auto-save, enhancing their analysis experience. Fineco lacks these features. Both apps support viewing multiple time frames for chart analysis. Pepperstone enables users to create watchlists with real-time quotes, whereas Fineco does not. With a mobile app rating of four stars, Pepperstone ranks #21 and Fineco #42 out of 63 brokers on ForexBrokers.com, indicating a more favorable perception of Pepperstone's app features and usability.
| Feature |
Pepperstone
|
Fineco
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
Pepperstone stands out as a comprehensive choice for market research, offering daily market commentary and top-tier forex news from sources like Bloomberg and Reuters. It also provides technical analysis tools from Autochartist and a sentiment-based trading tool that presents the ratio of long or short positions. Additionally, Pepperstone includes an economic calendar to keep traders informed about global news events. With these features, Pepperstone earns a high research rating of 4.5 stars and ranks #12 out of 63 brokers according to ForexBrokers.com.
Fineco, on the other hand, offers forex news from prestige sources and an economic calendar similar to Pepperstone, but it does not provide daily market commentary, tools from Autochartist, or a sentiment-based trading tool. Despite its lack of certain tools, Fineco maintains a decent research rating of 4.0 stars and holds the #33 spot among 63 brokers in ForexBrokers.com's research rankings. While both brokers offer strong news resources, Pepperstone provides a wider array of research tools, appealing to those seeking in-depth market analysis.
| Feature |
Pepperstone
|
Fineco
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both Pepperstone and Fineco provide a range of educational resources for beginner traders, with Pepperstone excelling in a few more areas. Pepperstone offers over ten educational pieces focused on forex and CFDs, while Fineco falls short in this aspect. Both brokers host monthly webinars, but Pepperstone provides a searchable archive of past sessions, adding value for learners looking for flexibility in their learning schedules. Additionally, both platforms supply at least ten beginner-friendly trading videos, but Pepperstone goes a step further with content tailored for advanced traders as well.
When it comes to supporting traders with an investor dictionary, both brokers meet the standard with comprehensive glossaries featuring over 50 terms. Despite these similarities, Pepperstone emerges as the more educationally comprehensive platform, rated 4.5 out of 5 stars compared to Fineco's 4.0. This difference is reflected in their rankings on ForexBrokers.com, with Pepperstone holding the 17th spot while Fineco ranks 49th among 63 brokers. For beginner traders prioritizing educational resources, Pepperstone offers a more thorough starting point.
| Feature |
Pepperstone
|
Fineco
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Pepperstone is better than Fineco. Pepperstone finished with an overall rank of #16, while Fineco finished with an overall rank of #25.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
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Fineco
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 94 |
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Pepperstone allows trading of cryptocurrency derivatives but does not offer the ability to purchase actual cryptocurrencies, while Fineco does not support trading in either actual cryptocurrencies or cryptocurrency derivatives.
Both Pepperstone and Fineco support ACH and SEPA transfers as well as bank wires for depositing or withdrawing funds; however, Pepperstone also accepts PayPal, Skrill, and Visa or Mastercard, whereas Fineco does not provide these options.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Pepperstone | Fineco | |
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| Trust Score | 95 | 94 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Fineco Review |
| Broker Screenshots | Pepperstone | Fineco | |
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| Regulation | Pepperstone | Fineco | |
|---|---|---|---|
| Trust Score | 95 | 94 | |
| Year Founded | 2010 | 1999 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | Fineco | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Pepperstone | Fineco | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Pepperstone | Fineco | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 9770 | |
| Forex Pairs (Total) | 65 | 54 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | No | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Pepperstone | Fineco | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | No |
| Funding | Pepperstone | Fineco | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | Pepperstone | Fineco | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Pepperstone | Fineco | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | N/A | |
| Charting - Indicators / Studies (Total) | 15 | 37 | |
| Charting - Drawing Tools (Total) | 30 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | Fineco | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Pepperstone | Fineco | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Fineco | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Pepperstone | Fineco | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Pepperstone Review | Fineco Review |
| Overall | Pepperstone | Fineco | |
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| Trust Score | 95 | 94 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Fineco Review |
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