fbpx
Trade360 vs Pepperstone - 2024 Comparison | FxScouts
AuthorAuthor: Björn MichelsUpdated: Nov 15, 2023

Last Updated On Nov 15, 2023

Björn Michels

Trading with a reputable online broker is a crucial factor for success in the international markets. At FxScouts, we help you find the broker that suits your trading needs.

Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics. We deposit real money with the brokers to ensure that the products and user experience they advertise are consistent with reality.

We have found that the best way for traders to choose a broker is to compare brokers side-by-side. The comparison tool below allows you to compare two brokers based on their ratings and features.

Select brokers to compare

Select brokers to compare

How do Pepperstone and Trade360 stack up against each other?

The Radar Chart below highlights how the brokers stack up against each other across various metrics. The highest score a broker can receive in each area is 5.

Pepperstone

Trade360

At FxScouts, we help traders find the broker that suits their trading needs. In many cases, the best way to achieve this is to compare brokers side-by-side.

To compare Pepperstone and Trade360, we used the same factors we use when reviewing brokers: The trust and regulation of the broker, the trading platform, the costs and trading conditions, and the level of education and market analysis available at the broker.

Does Pepperstone or Trade360 have a better trust and regulation rating?

Trust and regulation are some of the most important factors to consider when choosing a Forex broker. Trust in the Forex trading business is almost entirely founded upon regulation. We spend many hours evaluating the safety of each broker by delving into their fine print and confirming each one of their regulatory licences on the online registers. The more top-tier authorities a broker is regulated by, the higher its trust rating.

In our comparison, we found that Pepperstone holds three Tier 1 and two Tier 2 licences, and Trade360 holds three Tier 1 and one Tier 2 licences.

 

Is Pepperstone financially regulated?

Yes Pepperstone was founded in 2010 and is regulated by ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB.

 

Is Trade360 financially regulated?

Yes Trade360 was founded in 2013 and is regulated by ASIC, BaFin, CySEC and Fi.

 

Based on these findings, Pepperstone earned a higher trust rating than Trade360.

Does Pepperstone or Trade360 have lower costs?

Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged. 

Not all brokers publish their trading costs, so we often open accounts and trade on their platforms to verify the spreads and commissions. Based on our reviews, we found that Pepperstone has overall lower trading costs than Trade360. 

Scroll for more detailsPreviousNext
Broker
Trading Conditions
Base Currencies
EURUSD (Standard)
Trading Cost (Standard)
EURUSD (Best)
GBPUSD (Best)
USDJPY (Best)
Commission
Trade360
1110.503.5/ 5
4.00 pips
USD 40
2.00 pips
3.00 pips
3.00 pips
USD 0
Pepperstone
11110.54.5/ 5
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD
1.00 pips
USD 10
0.17 pips
0.59 pips
0.26 pips
USD 0

 

Does Pepperstone or Trade360 offer a better choice of trading platforms?

Traders want Forex brokers to offer them a choice of trading platforms, so we give brokers who offer multiple platforms higher ratings. Trading platforms we consider include MetaTrader4, MetaTrader5, cTrader and proprietary mobile and web-based platforms. 

In this case, Pepperstone offers support for and Trade360 offers support for . 

Do the brokers offer copy trading?

In this case both Pepperstone and Trade360 offer copy trading.

Scroll for more detailsPreviousNext
Broker
Platform Choice
Copy Trading
Platforms
Trade360
11110.54.5/ 5
Sirix
Pepperstone
111115/ 5
TradingView

 

Which broker offers a better choice of trading instruments?

A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories. We found that Pepperstone offers a greater range and depth of instruments to trade than Trade360. Pepperstone offers 100 Forex pairs to trade and Trade360 offers 48 Forex pairs to trade.

Toplist Forex Pairs

And what about Cryptocurrencies?

In this case, Pepperstone offers 19 cryptocurrencies while Trade360 offers 0 cryptocurrencies. So if you want to trade cryptocurrencies, we advise trading with Pepperstone.

Which broker offers better deposit and withdrawal processes?

Although brokers may have reasonable trading fees, many traders are caught out by the high non-trading fees charged by some brokers, including deposits and withdrawals. Traders want to be able to deposit and withdraw funds quickly and cheaply. Most brokers have multiple funding methods with zero fees for making deposits, but some brokers make it more expensive and take longer to process withdrawals. 

We rate brokers more highly that process withdrawals within 24 hours by multiple withdrawal methods and without charging processing fees. We found that neither Pepperstone nor Trade360 charges a withdrawal fee. Overall, Trade360 has better deposit and withdrawal processes than Pepperstone. 

Which broker offers better educational support?

We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas. 

Pepperstone has better educational support than Trade360. Both Pepperstone and Trade360 offer educational support for more experienced traders.

Scroll for more detailsPreviousNext
Broker
Beginner Course
Advanced Course
Trade360
Pepperstone

 

Which broker offers better market analysis materials?

To successfully predict the price movements of an instrument, traders will need access to frequent market research and analysis. We find that research and market analysis are always better when they are produced in-house and updated frequently. Third-party resources don’t show the same expertise in trading ideas, so we place a strong emphasis on frequent in-house updates. Some brokers also often offer interactive webinars where traders can learn from experts in the field. 

We found that Pepperstone offers better research analysis than Trade360 and that both Pepperstone and Trade360 offer frequent webinars.

Scroll for more detailsPreviousNext
Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
Trade360
Pepperstone

 

Our overall Verdict on Pepperstone

One of our highest-rated brokers for Indian traders, Pepperstone was founded in Australia in 2010 and is globally renowned for its low trading costs and choice of trading platforms. Pepperstone keeps costs low with some of the tightest spreads we've seen, starting from 1.00 pips (EUR/USD) on its Standard Account. For those who prefer classic ECN trading, the Razor Account has low commissions and spreads, averaging just 0.10 pips on the EUR/USD. Neither account has a required minimum deposit. Islamic accounts are also available for Indian residents.

Despite the low costs, we are disappointed with Pepperstone's complicated commission structure. But more experienced traders will appreciate Pepperstone’s trading platform options, including MT4, MT5, and cTrader, which integrates seamlessly with the TradingView tool. All are available on desktop and mobile devices. Pepperstone’s education section is not the most extensive we’ve seen, but it is competent and well-structured, making it a good place to start for beginner traders. 

Our overall Verdict on Trade360

With a wide range of account types and its unique CrowdTrading platform, Trade360 appeals to traders looking for flexible trading conditions and those who rely on sentiment indicators to make trading decisions. Unfortunately, Trade360 also has high minimum deposits and high trading costs on most of its account options.

Trade360 prides itself on its unique proprietary platform, CrowdTrading, which monitors all trader activity and computes the data instantaneously to provide inspiration for trading strategies. In theory, this is particularly useful when trying to pinpoint the peak or trough of demand for a certain asset - thus informing traders when to buy or sell the same asset.

With eight live accounts, Trade360 offers trading on multiple instruments, including Forex, commodities, metals, oil, indices, ETFs, and stocks.  Trading conditions at Trade360 are extremely poor compared to other market maker brokers, with spreads that start at 4 pips on the EUR/USD in exchange for a minimum deposit of 250 USD on its entry-level account. However, it also offers two MT5 accounts - the Standard and Zero Spread accounts with trading costs that are close to the industry average.   With higher minimum deposits,  clients are afforded more flexibility and increasing account benefits. Traders can also adjust their leverage to suit their risk appetite.  

Overall, Trade360 stands out for its unique approach to crowd trading and flexible trading conditions on a wide range of account choices, but the relatively high trading costs will put many traders off.

Which broker has the highest overall rating?

Pepperstone has an overall rating of 4.61 and Trade360 has an overall rating of 3.80. For more detail please read our reviews of Pepperstone and Trade360.

Stay updated

This form has double opt in enabled. You will need to confirm your email address before being added to the list.

Close
>