Best Alternatives to Pepperstone in 2026
People look for Pepperstone alternatives usually when they want a simpler platform, lower minimums on a commission-free account, or to own real shares instead of trading CFDs. Below are the closest alternatives, ranked. If your goal is long-term investing rather than active CFD or forex trading, a share-dealing platform is a better fit than any CFD broker.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone: 72.9% of retail investor accounts lose money when trading CFDs with Pepperstone (UK and EU entities).
Pepperstone Limited is authorised and regulated by the Financial Conduct Authority (FRN 684312). Pepperstone EU Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence 388/20).
Plus500: 76% of retail CFD accounts lose money.
Additional fees apply, including an Overnight Funding Fee, a Currency Conversion Fee, an Inactivity Fee, and a Guaranteed Stop Order (a wider spread is applied once used).
Plus500CY Ltd is authorized & regulated by CySEC (#250/14).
Capital.com: 65% of retail investor accounts lose money when trading spread bets and CFDs with Capital.com UK; 74% with Capital.com EU (CySEC).
Capital Com (UK) Limited is authorised and regulated by the Financial Conduct Authority (FRN 793714). Capital Com SV Investments Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence 319/17). Capital Com Online Investments Ltd is authorised by the Securities Commission of The Bahamas (SIA-F245).
1. Webull
Webull pairs commission-free US stocks, ETFs and options with surprisingly advanced charting and analysis tools. Strong for active US traders; available in the UK with a 0.50% FX fee (0.35% on its paid Meridian plan) and a flexible Stocks and Shares ISA with no account fee. Only regulatory fees apply on sells. UK-listed shares are the one market Webull does not trade commission-free: new accounts get 90 days free, after which a commission with a 50p minimum applies.
Compare Pepperstone and Webull side by side →Visit WebullWebull
Best for active traders who want advanced tools free
Capital at risk. This is not financial advice. Investing involves risk of loss.
2. Plus500
Plus500 is a CFD-focused broker with a user-friendly trading platform and tight spreads. Good for traders who want straightforward CFD access, but it is not a long-term stock-ownership investing platform.
Compare Pepperstone and Plus500 side by side →Visit Plus500Plus500
Best for CFD trading with a user-friendly platform
76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
3. Capital.com
Capital.com is a CFD broker with tight spreads (from 0.6 pips on EUR/USD), no commission, and no inactivity or withdrawal fees. A low-cost, well-regulated choice for CFD traders — but it is CFD-only, not a share-ownership investing platform.
Compare Pepperstone and Capital.com side by side →Visit Capital.comCapital.com
Best for low-cost CFD trading with tight spreads
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading spread bets and CFDs with Capital.com UK; 74% with Capital.com EU. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
4. Fortrade
Fortrade is an established, multi-regulated CFD and forex broker with a deliberately simple, spread-only pricing model and a beginner-friendly platform. There are no trading commissions — the cost sits in the spread — but watch the inactivity fee and overnight holding costs. CFD-only, not a share-ownership investing platform.
Compare Pepperstone vs Fortrade →Visit FortradeFortrade
Best for simple, spread-only CFD and forex trading
Capital at risk. This is not financial advice. Investing involves risk of loss.
5. AvaTrade
AvaTrade is an established, multi-regulated CFD and forex broker with a wide platform choice and a beginner-friendly app (AvaTradeGO). Costs sit in the spread, so watch the quarterly inactivity and annual administration fees if you trade rarely. CFD-only — not a share-ownership investing platform.
Compare Pepperstone vs AvaTrade →Visit AvaTradeAvaTrade
Best for platform choice and copy trading in CFDs and forex
Capital at risk. This is not financial advice. Investing involves risk of loss.
Compare alternatives
| Feature | PepperstoneCFD | Webull | Plus500CFD | Capital.comCFD | FortradeCFD | AvaTradeCFD |
|---|---|---|---|---|---|---|
| Rating | 3.6 / 5 | 4.7 / 5 | 3.6 / 5 | 3.6 / 5 | 3.6 / 5 | 3.2 / 5 |
| Stock commission | Razor: raw spreads plus a fixed commission on FX and Spot Gold (XAU/USD) only — GBP 2.25 per lot per side on a GBP account, USD 3.50 on a USD account, so GBP 4.50 / USD 7 round turn, charged in full when the position opens on MT4 and MT5; cTrader is USD 6 round turn on FX. Standard: no commission on FX, indices or commodities (the cost sits in the spread), but share CFDs cost from 0.1% per side | $0 on stocks, ETFs and options (regulatory fees on sells). UK: $0 commission on US and Hong Kong / China-A shares and ETFs, on both the free Go tier and Meridian. UK shares are the exception and are not commission-free - Webull markets them as "50p minimum commission", and new accounts get 90 days of commission-free UK trading before the standard rate applies. Webull does not publish the percentage above that 50p floor on its pricing page | No commission, cost is in the spread | No commission; cost is in the spread (from 0.6 pips on EUR/USD) | No commission; cost is in the spread (EUR/USD ~2 pips) | No commission; cost is in the spread (from 0.9 pips on EUR/USD) |
| Withdrawal fee | Free, except bank wire withdrawals to an international bank account, which are charged GBP 15 | Free (ACH); wires $25 to send; account transfer out $75 | Free — Plus500 charges no deposit or withdrawal fees; your own bank or card issuer may charge on international transfers or unsupported-currency conversions | Free; minimum 20 GBP/EUR/USD by card, varying by payment method (no minimum via TrueLayer in the UK) | Free (some payment methods may charge) | Free |
| Inactivity fee | None | None | Up to $10/month after 3 months without logging in | None | USD 10 a month (charged in your account currency) after six consecutive months with no transactions — no deposits, withdrawals or trading activity, including opening a pending order | USD 50 a quarter (EUR 50 / GBP 50, by account currency) after three consecutive months of non-use, and every successive quarter, plus an annual administration fee of USD 100 / EUR 100 / GBP 100 after twelve consecutive months |
| Min deposit | None | None | set per payment method, shown in the platform's Funds Management screen (Plus500 publishes no single figure) | $20, €20 or £20 by card or Apple Pay ($50 by bank transfer) | $100, €100 or £100 depending on your account currency | $100, €100 or £100 depending on your account currency |
| Fractional shares | No | Yes | No | No | No | No |
| Demo account | Yes | Yes | Yes | Yes | Yes | Yes |
| Regulators | FCA, ASIC, CySEC, BaFin | SEC, FINRA, SIPC, FCA | FCA, CySEC, ASIC | FCA, CySEC, ASIC, SCB | FCA, ASIC, CySEC, CIRO | Central Bank of Ireland, ASIC, FSCA |
Frequently Asked Questions
What is the best alternative to Pepperstone?
Webull is the strongest alternative for most users — best for active traders who want advanced tools free.
Why switch from Pepperstone?
Common reasons include lower fees, different account types, or a simpler interface. Compare the options above against what matters to you.