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

Broker Name

Pepperstone

Pepperstone

VS
MEXEM

MEXEM

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Broker Overview

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

ECN broker

STP

Years of Existence / Established Year

2010

2018

Customer Base / Number of Accounts

400,000 traders

Info not available


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Regulation & Security

Regulations (governing bodies)

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

Cysec AFM FSMA

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

ICCL

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)

1200+ trading assets including shares, currencies indices

150 + trading assets Warrant

Currency Pairs

Yes

Yes

Commodities

Yes

Yes

Indices

Yes

No

Cryptocurrencies

Yes

Yes

CFDs

Yes

Yes

ETFs

Yes

Yes

Stocks

No

Yes

Options

No

Yes

Futures

No

Yes

Bonds

No

Yes

Mutual Funds

No

Yes

Fractional Shares

No

Yes

Exchange Traded Notes (ETNs)

No

No

Precious Metals

No

Yes

Real Estate Investment Trusts (REITs)

No

No

Equities

No

Yes


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

Yes

No

MT5

Yes

No

cTrader

Yes

No

Social Trading

Yes

No

Copy Trading

Yes

Yes

Other Trading Platforms (proprietary, etc.)

Pepperstone proprietary platform

Client Portal Desktop TWS Mobile TWS MEXEM Lite Watch TWS MEXEM APIs

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

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

Standard and Razor account

Individual Accounts Instituitional Accounts

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

Yes

No

Minimum Deposit

$0

$0

Leverage Available

1:20 to 1:500

NA

Trade Limit (maximum per trade)

100 lots trading size

Varies for each product

Commission (per account type)

Razor account - $3, Standard account -$0

NA

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

Beginner to experienced traders

Experienced only


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Deposit & Withdrawal Options

Deposit Methods

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

Bank Transfer

Withdrawal Methods

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

Bank Transfer

Other E-Wallets Supported

Neteller,skrill, PayPal

No


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Tools & Educational Resources

Economic Calendar

Yes

No

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

Practical tutorials on using TWS trader workstatioin Video tutorials


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Fees & Commissions

Trading-Related Fees

Spread-1.2 pips

FX - 0.005% Warrents - 0.2% for EUR & HKD. 0.12% for AUD Metals - 0.03% in USD Bonds - 0.15% Mutual Funds - 0.1% (Max Euro 4 and Min Eur 29) Futures & Options - vary for each currency contract Stocks & ETFs - vary for each currency

Spread (typical, fixed, variable)

Variable

NA

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

NA

Options Contract Fees

NA

0.65% per contract

Futures Contract Fees

NA

0.85% per contract

Markup Fees on Spread

1 pip on FX pairs

NA

Guaranteed Stop Loss Fees

Charges apply

NA

Maximum Leverage

1:500

NA


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Non-Trading Fees

Dormant Fees

$0

NA

Subscription Fees (for premium features, data feeds)

NA

NA

Advisory Fees

NA

$0

Swap Fees (Overnight Financing)

Yes

NA

Statement or Document Fee

NA

NA

Account Opening Fee

NA

$0

Account Maintenance Fee

NA

$0

Deposit Fee

$0

$0

Currency Conversion Fee

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

0.05%

Withdrawal Fee

$0

First withdrawal (within 30 days) is free for all methods. Wire/SEPA Euro: £8 /w. Wire USD: $10 /w SEPA GBP: £7 / w


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

No

Yes


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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

Monday to Thursday 8:30am to 8pm Friday 8:30 am to 5:30 pm Saturday and Sunday closed


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Customer Support

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

24/7

Monday to Thursday: 8:30am to 8:00pm. Friday: 8:30am to 5:30pm.

Customer Support Methods (phone, email, live chat)

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

Leave a message, Live chatCyprus - +357-25030447, mailto:[email protected]

Support Languages

8+

10+


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Additional Information

Headquarters Location

Melbourne, Australia

Archiepiskopou Kyprianou, 1 Loucaides Building, 3036 Limassol, Cyprus

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.
Pepperstone is known for competitive pricing on basic trades, especially for beginners. However, MEXEM fee structure, though slightly higher, covers a broader range of services, making it more suitable for active traders.
Creating an account with Pepperstone is generally faster and more user-friendly, often taking just a few minutes, while MEXEM requires more detailed steps and identity verification, which may suit more cautious investors.
Traders who value simplicity and execution speed may prefer Pepperstone platform. Meanwhile, MEXEM offers more flexibility through tools like advanced order types and multi-screen support.
For market veterans, Pepperstone brings the tools they need. New investors might find MEXEM more approachable and cost-effective.