Here is our detailed broker comparison between EightCap vs Pepperstone. Our verdict is in and Pepperstone has proven it is one of the best spread betting brokers, yet again.
Eightcap vs Pepperstone Comparison
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| Pepperstone VS EightCap | 
First | 
Second | |
|---|---|---|---|
| Regulation | ASIC, FCA, DFSA, BaFin, CySEC, SCB | ASIC, SCB | |
| Number of Instruments | 1,200+ | 250+ (forex, indices, commodities, cryptocurrencies) | |
| MT4 | |||
| MT5 | |||
| cTrader | |||
| Proprietary Platform | |||
| TradingView Integration | |||
| Commission (Forex) | $6 per lot (Razor account) | $7 per lot (Raw account) | |
| Spreads | From 0.0 pips (Razor account) | From 0.0 pips (Raw account) | |
| Free VPS Access | |||
| Islamic Accounts | |||
| Customer Service | 24/5, multilingual | 24/5, multilingual | |
| Education | Comprehensive | Comprehensive | |
| Copy Trading | |||
| Deposit Requirements | None | $100 | |
| Join Pepperstone | Join EightCap |
Broker Comparison Criteria Breakdown
1. Trading Instruments
Winner: Pepperstone (for a wider variety of instruments)
EightCap: Provides access to over 250+ financial instruments, including Forex, indices, commodities, and cryptocurrencies.
Pepperstone: Offers access to over 1,200 instruments, including Forex, indices, commodities, cryptocurrencies, shares, and ETFs. This broader range makes it more versatile for different types of traders.
2. Account Types
Winner: Draw (both offer multiple account types)
EightCap: Offers both Standard and Raw Spread accounts. The Raw Spread account is suited for traders who prefer lower spreads with a small commission, while the Standard account charges no commission but has wider spreads.
Pepperstone: Also offers Standard and Razor accounts. The Razor account features tight spreads and a commission structure, while the Standard account is commission-free with wider spreads.
3. Spreads and Commissions
Winner: Draw / Pepperstone (both offer competitive pricing)
EightCap: Offers spreads starting from 0.0 pips on major currency pairs with the Raw Spread account, and a $7 per side per lot commission. The Standard account starts at 1 pip but charges no commission.
Pepperstone: Provides spreads starting from 0.0 pips on the Razor account, with a $6 per side per lot commission. Spreads start from 1 pip on the Standard account, with no commission.
4. Platforms
Winner: Pepperstone (wider platform variety)
EightCap: Supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView integration.
Pepperstone: Offers a broader range, including MT4, MT5, cTrader, and TradingView integration. cTrader adds depth to their offering, making it ideal for traders who need more sophisticated tools for technical analysis.
5. Automated Trading and Copy Trading
Winner: Pepperstone (better integration)
EightCap: Supports automated trading via MT4, MT5, and TradingView but lacks built-in copy trading features.
Pepperstone: Supports Expert Advisors (EAs) for automated trading across MT4, MT5, and cTrader. Additionally, Pepperstone integrates with Zulutrade and Myfxbook Autotrade, providing more robust copy trading options.
6. Execution Speed
Winner: Pepperstone / Draw (faster execution model)
EightCap: Known for fast execution speeds, particularly on its Raw Spread account with no dealing desk.
Pepperstone: Also offers fast execution, supported by its no-dealing-desk (NDD) model and low-latency servers, making it ideal for high-frequency and scalping strategies.
7. Educational Resources
Winner: Pepperstone (better for beginners)
EightCap: Provides a pretty good range of webinars, tutorials, and market insights for traders, though the offering is relatively basic.
Pepperstone: Offers an extensive educational suite with videos, webinars, trading guides, and tutorials, making it better suited for both beginners and advanced traders.
8. Customer Support
Winner: Draw (both offer similar customer service).
EightCap: Offers 24/5 multilingual customer support through live chat, phone, and email.
Pepperstone: Provides 24/5 support with fast response times through live chat, phone, and email, also with multilingual assistance.
9. Deposit and Withdrawal
Winner: Pepperstone (no minimum deposit)
EightCap: Requires a minimum deposit of $100, with multiple payment options like bank transfers, credit cards, and e-wallets. No fees are charged for deposits or withdrawals.
Pepperstone: Has no official minimum deposit requirement, although $200 is recommended. It offers a wide range of payment methods, including bank transfers, credit cards, PayPal, and Skrill, with no fees for deposits or withdrawals.
10. Regulation
Winner: Pepperstone (both have robust regulation).
EightCap: Regulated by ASIC in Australia and FCA in the UK, providing strong oversight.
Pepperstone: Regulated by ASIC, FCA, CySEC, and the Securities Commission of the Bahamas, ensuring a high degree of safety and compliance globally.
11. VPS Access and Automated Trading
Winner: Pepperstone / Draw (broader VPS offering)
EightCap: Provides VPS access for traders using MT4/MT5.
Pepperstone: Also offers VPS access, but with additional support for MT4, MT5, and cTrader, making it more versatile for automated trading strategies.
Verdict: Which is Better Eightcap vs Pepperstone?
It was a tight battle between two of the most popular UK spread betting brokers, but we have to give this one to pepperstone for all-round versatility, broader educational resources, support for automated trading & all-round flexibility. Pepperstone emerges as the superior option for traders seeking advanced trading platforms, a wider range of instruments, and more sophisticated automation features. With tight spreads, fast execution, and broader educational resources, Pepperstone is particularly appealing for both high-frequency traders and those looking to engage in automated or copy trading.
EightCap is also a strong contender, especially for traders looking for simplified trading options, low minimum deposits, and MT4/MT5 support. However, when compared directly with Pepperstone, it lacks the platform diversity and some of the more advanced features needed by professionals.
James is a former FTSE100 AI Director and trader with 10+ years trading his own capital. He is the Managing Director of SpreadBet.AI and currently trades his own capital through both CFD trading & spread betting as well as working with one of the leading prop firms in the world.
