FXFlat vs Pepperstone
Side-by-side comparison of regulation, trading costs, platforms, and account types for FXFlat and Pepperstone.
German BaFin-licensed broker founded in 1997 — one of the oldest fully-domestic Germany-regulated forex brokers still operating. Niche EU-only player with broad platform support including AgenaTrader and Interactive Brokers' TWS.
Award-winning Australian broker, top choice for cTrader and algo traders. Razor account offers raw spreads with $7/lot commission. Multi-regulated across ASIC, FCA, CySEC, DFSA and BaFin. Important note: Pepperstone does not accept New Zealand retail clients (since 1 December 2017, when FMA derivatives issuer rules came into force - Pepperstone chose not to pursue an NZ-specific licence). New Zealand residents should consider BlackBull Markets, CMC Markets, or IG instead.
Quick verdict
- Trust: Pepperstone has the higher trust score.
- EUR/USD spread: Pepperstone is tighter on EUR/USD.
Side-by-side comparison
| Feature | FXFlat | Pepperstone |
|---|---|---|
| Trust score | 8.7 | 9.2 |
| Regulators | BaFin | ASIC, FCA, CySEC, DFSA, BaFin, CMA, SCB |
| Headquarters | Ratingen, Germany | — |
| Founded | 1997 | — |
| Min deposit | $200 | $200 |
| Max leverage | 1:30 | 1:500 |
| EUR/USD spread | 0.80 pips | 0.09 pips |
| Commission per lot | $5 | $7 |
| Raw spread account | ||
| Standard account | ||
| Swap-free account | ||
| cTrader | ||
| MT4 | ||
| MT5 | ||
| TradingView | ||
| Scalping allowed | ||
| EAs / algo allowed | ||
| Hedging allowed | ||
| Copy trading | ||
| Deposit methods | Bank Wire, Credit/Debit Card, PayPal | — |
| Withdrawal methods | Bank Wire | — |
| Withdrawal speed | 48h | — |
| Base currencies | USD, EUR, GBP, CHF | — |