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City Index vs Pepperstone : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

City Index

City Index

VS
Pepperstone

Pepperstone

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Broker Overview

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

Market maker

ECN broker

Years of Existence / Established Year

1983

2010

Customer Base / Number of Accounts

1M + active customers

400,000 traders


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Regulation & Security

Regulations (governing bodies)

CIRO, CySEC, NFA, CFTC, CIMA, FCA, SFC, FSA, MAS, ASIC

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

Awards Won (count for the last 2 years)

Best trading app, Best CFD provider, Forex broker.com No.1- Performance Analytics new tool, Best in Class overall

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

Security Measures

FSCS

FSCS

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

Yes

Yes


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

13,500+ assets types including Shares

1200+ trading assets including shares, currencies indices

Currency Pairs

Yes

Yes

Commodities

Yes

Yes

Indices

Yes

Yes

Cryptocurrencies

No

Yes

CFDs

Yes

Yes

ETFs

Yes

Yes

Stocks

No

No

Options

Yes

No

Futures

No

No

Bonds

Yes

No

Mutual Funds

No

No

Fractional Shares

Yes

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

Yes

No

Real Estate Investment Trusts (REITs)

No

No

Equities

No

No


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

Yes

Yes

MT5

No

Yes

cTrader

No

Yes

Social Trading

Yes

Yes

Copy Trading

Yes

Yes

Other Trading Platforms (proprietary, etc.)

City Index mobile trading app

Pepperstone proprietary platform

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

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

Standard, MT4, Corporate account

Standard and Razor account

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

No

Yes

Minimum Deposit

€100

$0

Leverage Available

30:1

1:20 to 1:500

Trade Limit (maximum per trade)

Depends on the assets class

100 lots trading size

Commission (per account type)

€0

Razor account - $3, Standard account -$0

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

Beginner to experienced

Beginner to experienced traders


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Deposit & Withdrawal Options

Deposit Methods

Bank transfer, credit card, debit card, e-wallets

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

Withdrawal Methods

Bank transfer, credit card, debit card, e-wallets

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

Other E-Wallets Supported

Paypal

Neteller,skrill, PayPal


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Tools & Educational Resources

Economic Calendar

Yes

Yes

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

Reuters Insider, News and analysis, Trading tools, Advanced trading view Charts

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


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Fees & Commissions

Trading-Related Fees

UK Shares: 0.10% (min. €8 commission)US Shares: 1.5 cents per share (min. €8 commission)

Spread-1.2 pips

Spread (typical, fixed, variable)

Fixed and variable spreads

Variable

Per Lot Fees

NA

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

Options Contract Fees

NA

NA

Futures Contract Fees

NA

NA

Markup Fees on Spread

NA

1 pip on FX pairs

Guaranteed Stop Loss Fees

$0

Charges apply

Maximum Leverage

30:1

1:500


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Non-Trading Fees

Dormant Fees

$15 monthly fee after 24 months of inactivity

$0

Subscription Fees (for premium features, data feeds)

NA

NA

Advisory Fees

NA

NA

Swap Fees (Overnight Financing)

Yes

Yes

Statement or Document Fee

NA

NA

Account Opening Fee

NA

NA

Account Maintenance Fee

NA

NA

Deposit Fee

Credit/ debit card- 2%, others - €0

$0

Currency Conversion Fee

Varies by instrument

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

Withdrawal Fee

Bank fees may apply

$0


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

No

No


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Trading Hours

Trading Hours (for each asset class if applicable)

Varies by instrument

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


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Customer Support

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

24/5

24/7

Customer Support Methods (phone, email, live chat)

Email: [email protected], Phone: 0800 060 8609, Live chat

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

Support Languages

6

8+


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Additional Information

Headquarters Location

1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET

Melbourne, Australia

Complaints (for crypto brokers)

No

No


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.
While City Index maintains low trading fees with no minimum deposit, Pepperstone includes some charges for premium features and certain asset trades, making City Index the better option for budget-focused traders.
City Index gets you trading faster thanks to its minimal entry barriers. In comparison, Pepperstone account setup is slower but includes extra layers of financial screening and suitability assessments.
City Index platform is great for fast-paced day trading, especially with features like one-click trading. Pepperstone platform, by comparison, is built for strategy testing and long-term portfolio management.
City Index delivers a robust ecosystem for seasoned traders, whereas Pepperstone focuses on ease of access and modern usability.