Pepperstone vs XM
Two brokers, one table. Everything below is taken from what each one publishes on its own site, last read on 2026-09-05. No scores, no ranking.
Australian broker with strong platform choice and tight pricing.
Standard and Ultra Low accounts from a $5 deposit, with a separate Shares account.
| Detail | Pepperstone | XM |
|---|---|---|
| Regulation | FCA, ASIC, CySEC and others by entity — confirm which applies to you | XM Global Limited, FSC Belize licence 8557558 (Securities Industry Act 2021) |
| Minimum Deposit | No fixed minimum | $5 (Standard, Ultra Low) · $10,000 (Shares) |
| Max Leverage | Varies by entity | — |
| Spread From | From 0.0 pips on Razor | — |
| Commission | From $3.5 per lot per side | — |
| Platforms | MT4, MT5, cTrader, TradingView | MetaTrader 4, MetaTrader 5, XM App |
| Account Types | Standard, Razor | Standard, Ultra Low, Shares |
| Funding Methods | Card, Bank transfer, PayPal, Skrill, Neteller | — |
| Withdrawal Time | 1-3 business days | — |
| Founded | 2010 | — |
| Countries | 170+ | — |
What the figures say
- Minimum Deposit: Pepperstone lists No fixed minimum; XM lists $5 (Standard, Ultra Low) · $10,000 (Shares).
- Pepperstone publishes its max leverage (Varies by entity); XM does not state one on the pages we read.
- Pepperstone publishes its spread from (From 0.0 pips on Razor); XM does not state one on the pages we read.
- Pepperstone publishes its commission (From $3.5 per lot per side); XM does not state one on the pages we read.
- Platforms: Pepperstone lists MT4, MT5, cTrader, TradingView; XM lists MetaTrader 4, MetaTrader 5, XM App.
- Account Types: Pepperstone lists Standard, Razor; XM lists Standard, Ultra Low, Shares.
- Pepperstone publishes its funding methods (Card, Bank transfer, PayPal, Skrill, Neteller); XM does not state one on the pages we read.
- Pepperstone publishes its withdrawal time (1-3 business days); XM does not state one on the pages we read.
- Pepperstone also lists Shares, Crypto.
- XM also lists Stocks.
A figure marked “—” is one that broker does not publish on the pages we could read; it is not a zero. Terms differ by country and change often, so confirm on each site before opening an account.
Pepperstone: why traders choose it
- TradingView integration for charting and execution in one place
- Razor account offers spreads from 0.0 pips
- No fixed minimum deposit
- Strong regulatory coverage across several regions
- Well regarded customer support
XM: why traders choose it
- Standard and Ultra Low accounts open from $5
- Ultra Low is the account XM points high-volume traders to, for lower spreads and swaps
- A separate Shares account for buying stock, from $10,000
- Bonuses on the Standard account, described by XM as boosting trading power
- Copy trading, trading competitions and a loyalty club run alongside the accounts
Pepperstone pros
- TradingView trading built in
- Tight Razor spreads
- Broad regulatory footprint
- No minimum deposit requirement
Pepperstone cons
- Commission applies on the tightest account
- Standard account pricing is average
- Instrument list is smaller than some rivals
- Crypto availability depends on region
XM pros
- One of the lowest entry points anywhere at $5
- The Ultra Low account gives a cheaper option without a commission model to learn
- MetaTrader 4 and 5 plus their own app, so nothing unfamiliar
XM cons
- The global site is the Belize entity; XM's European and Australian entities have different leverage caps and protections
- Spreads and leverage figures were not on the accounts page we read; they are in the account details after sign-up
- Bonuses come with their own terms, which are worth reading before taking one
About Pepperstone
Pepperstone pairs competitive ECN pricing with the widest platform choice of the major brokers, including TradingView.
About XM
XM offers three accounts on its global site: Standard and Ultra Low, both from a $5 minimum, and a Shares account from $10,000. The global entity, XM Global Limited, is licensed by the Financial Services Commission of Belize.
More comparisons
How this page is put together. Both columns use the same fields as the individual reviews, read from each broker's own site. Some links are affiliate links, which may earn Cubie FX a commission at no extra cost to you. Placement is not for sale and nothing here is ranked.