Pepperstone vs Admiral Markets : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Pepperstone

Admiral Markets

Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

ECN broker

STP

Years of Existence / Established Year

2010

2001

Customer Base / Number of Accounts

400,000 traders

Info not available

Regulation & Security

Regulations (governing bodies)

FCA, ASIC, DFSA, CySEC, CMA, BaFin, and SCB

FCA, CySEC, JSC, FSCA, FSA

Awards Won (count for the last 2 years)

2024 Forex Broker of the Year by BrokerWahl.de, TradingView Social Champion 2023

No major awards listed

Security Measures

FSCS

FSCS, ICF

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

1200+ trading assets including shares, currencies indices

6900+

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Futures

Bonds

Yes

Mutual Funds

Fractional Shares

Yes

Exchange Traded Notes (ETNs)

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

Yes

cTrader

Yes

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Pepperstone proprietary platform

Admirals proprietary platform

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Standard and Razor account

Trade.MT4 Trade.MT5 Invest.MT5 Zero.MT4 Zero.MT5

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$25

Leverage Available

1:20 to 1:500

1:2 to 1:1000

Trade Limit (maximum per trade)

100 lots trading size

Varies by instrument

Commission (per account type)

Razor account - $3, Standard account -$0

Starts from $0.02/ share

Best Suited For (e.g., beginners, experienced traders)

Beginner to experienced traders

Beginners & experienced

Deposit & Withdrawal Options

Deposit Methods

Credit/debit card, Bank transfer, e-wallets, Union pay, USDT

Visa, MasterCard, bank transfer

Withdrawal Methods

Credit/debit card, Bank transfer, e-wallets, Union pay, USDT

Visa, MasterCard, bank transfer

Other E-Wallets Supported

Neteller,skrill, PayPal

Skrill, Neteller, Crypto

Tools & Educational Resources

Economic Calendar

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Trading Education Online Courses, Market Analysis and Insights, Webinars, Trading Guides and eBooks, Video Tutorials, The Daily Fix Market News and Analysis, Pepperstone Blog Trading Insights

Forex and CFD webinars Article and video tutorials Traders glossary eBooks

Fees & Commissions

Trading-Related Fees

Spread-1.2 pips

Forex : $1.8 to $3.0 per 0.1 lot, Stock & ETFs: Starts from $ 0.02 per share, Indices : Starts from $ 0.05 to $3.0 per share, Energies: Starts from $1 per lot CFDs on stocks- 6 free trades each day, USD 0.02CFDs on ETFs- USD 0.02

Spread (typical, fixed, variable)

Variable

Per Lot Fees

Razor account: $3.50 per lot, Raw account: $7 per lot, cTrader:$6 round trip per unit, TradingView: $7 roundtrip per unit

Start $3.00 per 1.0 lots per side

Options Contract Fees

Futures Contract Fees

Markup Fees on Spread

1 pip on FX pairs

Guaranteed Stop Loss Fees

Charges apply

Maximum Leverage

1:500

1:1000

Non-Trading Fees

Dormant Fees

10 EUR per month

Subscription Fees (for premium features, data feeds)

Advisory Fees

Swap Fees (Overnight Financing)

Yes

Info not available

Statement or Document Fee

Account Opening Fee

Account Maintenance Fee

Deposit Fee

Currency Conversion Fee

Razor Account- $29.36, Standard Account - $48.12, Swap-free Account $58.78

0.30%

Withdrawal Fee

One free withdrawal every month, thereafter 3%

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Trading Hours

Trading Hours (for each asset class if applicable)

VIX 00:01 - 23:59 (Opens Monday 01:00; Friday close 23:55), NAS100 01:00 - 23:15, 23:30 - 23:59 (Closes Friday 23:55), HK Share CFDs 4:30-7:00, 8:00-11:00, US Share CFDs 16:31 - 22:55

Depends on the assets type

Customer Support

Support Hours (e.g., 24/7, weekdays only)

24/7

24-5

Customer Support Methods (phone, email, live chat)

Phone: +1786 628 1209, Email: [email protected], Live chat

E-mail: [email protected] Phone: +372 6 309 300 Live chat

Support Languages

15+

Additional Information

Headquarters Location

Melbourne, Australia

Tallinn, Estonia

Complaints (for crypto brokers)

At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.

Pepperstone stands out for its zero-commission trading model, appealing to cost-conscious investors. In contrast, Admiral Markets offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.

Account approval at Pepperstone is usually completed within hours, often with automated ID checks. Admiral Markets might take longer due to manual reviews, but provides in-depth onboarding support along the way.

Pepperstone excels in real-time trade execution with minimal latency, whereas Admiral Markets complements its execution with strong analytical modules and educational support within the platform.

If you're after professional-grade platforms, Pepperstone may be ideal. For casual investors, Admiral Markets offers a low-barrier entry.

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