Broker comparison
Pepperstone vs Eightcap
Two Melbourne brokers licensed by ASIC, the FCA and CySEC, both charging $3.50 per side on their raw accounts on the platforms where they publish it.
Terms checked on 3 Nov 2026 against each broker's own website and legal documents
Founded
2010, Melbourne
2015, Melbourne
Raw pricing
Razor from 0.0 pips (average 0.1) + $3.50 per side on its own platform and TradingView, $3.00 on cTrader; check MT4/MT5 pricing
Raw from 0.0 pips + $3.50 per side
Spread-only pricing
Standard from 1.0 pips (average 1.1), no commission
Standard from 1.0 pips, no commission
Platforms
Pepperstone platform, MT4, MT5, cTrader, TradingView (Razor only)
MT4, MT5, TradingView, TradeLocker
Regulation
ASIC (AFSL 414530), FCA (FRN 684312), CySEC (388/20), SCB Bahamas (SIA-F217)
ASIC (AFSL 391441), FCA (FRN 921296), CySEC (246/14), SCB Bahamas (SIA-F220), FSA Seychelles (SD100)
Which to choose
Pepperstone has no minimum deposit and adds cTrader and its own platform, but TradingView is limited to Razor accounts. Eightcap requires $100 and adds TradeLocker.
Both offer tier-one entities in the UK, EU and Australia, so the choice usually comes down to platform.
Read the full Pepperstone review and Eightcap review.
How we chose. These shortlists use published terms only: costs, minimum deposit, platforms and the regulator of the entity you would join. We have not ranked brokers on scores, and the order is not a recommendation for your circumstances. Read our methodology and affiliate disclosure.
CFDs and leveraged forex are complex and carry a high risk of losing money rapidly. Most retail accounts lose money. Only trade with money you can afford to lose.
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Written by the Forex Awards research desk
Guides are checked against current broker documents and regulator rules. Spotted something out of date? Tell us and we will re-check it.
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