Quick verdict
- Pepperstone — active traders, algorithmic trading, spread betting.
- XTB — beginners and investors who want one slick platform for CFDs, shares and ETFs.
Side-by-side
| Pepperstone | XTB | |
|---|---|---|
| UK regulation | FCA, FRN 684312 | FCA, FRN 522157 |
| Founded | 2010 | 2002 |
| EUR/USD | Razor from 0.0 + commission; Standard ~0.75 | ~0.5 average, no commission |
| Minimum deposit | None | None |
| Platforms | MT4, MT5, cTrader, TradingView, Pepperstone platform | xStation 5 |
| Spread betting | Yes | Check availability |
| Real shares and ETFs | No | Yes |
| Retail loss rate | 72.9% | 74% |
Who should choose which?
- EA or cTrader user: Pepperstone
- Beginner wanting one app for trading and investing: XTB
Frequently asked questions
Does XTB offer MetaTrader?
No. XTB offers its own xStation 5 platform only.
Which is better for beginners?
XTB's xStation 5 is very beginner-friendly. Pepperstone suits traders who already know MetaTrader, cTrader or TradingView.
CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading these products. You should consider whether you understand how they work and whether you can afford to take the high risk of losing your money.