Compare JustMarkets and Pepperstone across fees, spreads, regulation, account types, trading platforms and overall suitability for different trading needs.
MetaTrader and low spreads
Scalping and active trading
JustMarkets suits traders who want flexibility from cent and standard accounts up to more advanced options, but the best conditions depend on choosing the right account type.
Pepperstone is widely considered by active traders and scalpers because of its execution-focused environment, Standard and Razor accounts, and support for MT4, MT5, cTrader and TradingView.
It is particularly relevant to traders seeking competitive spreads and multiple platforms, although Razor pricing requires the commission to be assessed together with the spread and total cost per trade.
Compare JustMarkets and Pepperstone across the main factors traders consider when choosing a broker.
Small score differences do not mean the brokers are identical. Choose according to the factor that matters most to you, such as regulation, trading costs, platforms, withdrawals or customer support.
Compare account types, spreads, commissions and minimum deposits at JustMarkets and Pepperstone.
Pepperstone shows an advantage in trading costs or spreads based on the available data.
Open each broker to compare the spread, commission, deposit and execution method for every account.
4 available accounts
General traders
General traders
Do not choose a broker based only on the number of accounts. Compare spreads, commissions, minimum deposits and execution methods before selecting a trading account.
JustMarkets vs Pepperstone
Compare safety scores, regulators and the legal entity responsible for each trading account.
The number of licences alone is not enough. Verify the legal entity that will hold your account.
4 registered licences • 4.10 out of 5
JustMarkets emphasizes client protection features such as segregated accounts and negative balance protection in its official materials. Its trust profile is practical, though the strength of safeguards still depends on the operating entity.
JustMarkets states that client funds are held separately from the company’s operating funds. Negative balance protection is also available under the conditions of the relevant account and legal entity, helping prevent eligible clients from being required to cover a negative balance caused by exceptional market movements.
The legal strength of these safeguards is not identical for every JustMarkets client. Client-money rules, investor compensation arrangements and complaint procedures may differ between the CySEC-regulated entity and international entities regulated in Seychelles, Mauritius or the British Virgin Islands. Traders should confirm the legal company responsible for their account before depositing.
5 registered licences • 4.80 out of 5
Pepperstone operates through several regulated entities, including Pepperstone Group Limited, authorised by ASIC under licence number 414530; Pepperstone Limited, authorised by the UK FCA under licence number 684312; and Pepperstone EU Limited, regulated by CySEC under licence number 388/20. The group also includes an entity supervised by the DFSA in Dubai and another regulated by the SCB in the Bahamas for different regions.
The FCA, ASIC and CySEC licences provide Pepperstone with a strong regulatory foundation, but account conditions and client protection are not identical across all entities. Leverage, investor protection, complaint procedures and negative-balance protection may differ according to the client’s country and the legal company accepting the account.
Before opening a Standard or Razor account, traders should verify the entity name and licence number shown during registration. This is especially important for traders choosing Pepperstone for low spreads and fast execution, as the account may be assigned either to a highly regulated entity or to an international company offering more flexibility under different protection rules.
Regulated Pepperstone entities hold eligible client funds in accounts separate from the company’s operating capital. Pepperstone also states that client money is held with tier-one banks under the requirements applying to the relevant legal entity. Eligible retail clients may receive negative balance protection, helping limit liability arising from a negative trading-account balance.
Certain clients registered with UK or European entities may qualify for statutory investor compensation schemes, subject to eligibility conditions and legal limits. Protection is not identical across the FCA, ASIC, CySEC, DFSA and Bahamas entities. Traders should verify the company responsible for their account and the safeguards that apply before depositing.
Before depositing, match the legal entity and licence number in your client agreement with the regulator’s official register.
Choose based on your priorities, not the overall rating alone.
Pepperstone has the higher overall rating, but review why each broker may suit you before deciding.
Standard and Raw accounts with flexible entry requirements
Client protection and leverage limits vary by regulatory entity
Fast execution and multiple platforms for active trading accounts
Razor account costs require commission to be assessed alongside the spread
Pepperstone is widely considered by active traders and scalpers because of its execution-focused environment, Standard and Razor accounts, and support for MT4, MT5, cTrader and TradingView.
Check the account conditions, fees and regulatory entity available in your country before registering.
Concise answers to important questions that may affect your decision before opening an account or choosing the more suitable broker.
JustMarkets operates under multiple regulatory entities such as CySEC, FSA, and FSCA, but protection levels vary depending on the region. While many traders report smooth execution and fast withdrawals, others raise concerns about offshore regulation and limited protection compared to top-tier brokers.
The minimum deposit on JustMarkets can start as low as $1 depending on the account type and payment method, although most standard trading accounts typically require around $10.
JustMarkets offers spreads starting from around 0.8 pips on Standard accounts and from 0.0 pips on Raw Spread accounts, where a commission of about $6 per lot is applied. Overall trading costs are considered competitive compared to similar brokers.
Pepperstone Standard accounts typically have spreads starting from around 0.6 to 1.2 pips with no commission, while Razor accounts offer spreads from 0.0 pips with a commission of about $7 per lot round turn.
The Razor account offers significantly lower spreads, but adds a commission per trade. It is generally more cost-effective for active traders, while Standard accounts are simpler with costs built into the spread.
Pepperstone allows traders to start with a minimum deposit of around $10, making it accessible for both beginners and experienced traders.
Conditions, products and regulatory entities vary by country. Review the broker page and client agreement before registering.
Important answers before opening an account or choosing the more suitable broker.
JustMarkets operates under multiple regulatory entities such as CySEC, FSA, and FSCA, but protection levels vary depending on the region. While many traders report smooth execution and fast withdrawals, others raise concerns about offshore regulation and limited protection compared to top-tier brokers.
The minimum deposit on JustMarkets can start as low as $1 depending on the account type and payment method, although most standard trading accounts typically require around $10.
JustMarkets offers spreads starting from around 0.8 pips on Standard accounts and from 0.0 pips on Raw Spread accounts, where a commission of about $6 per lot is applied. Overall trading costs are considered competitive compared to similar brokers.
Pepperstone Standard accounts typically have spreads starting from around 0.6 to 1.2 pips with no commission, while Razor accounts offer spreads from 0.0 pips with a commission of about $7 per lot round turn.
The Razor account offers significantly lower spreads, but adds a commission per trade. It is generally more cost-effective for active traders, while Standard accounts are simpler with costs built into the spread.
Pepperstone allows traders to start with a minimum deposit of around $10, making it accessible for both beginners and experienced traders.
Conditions may vary by country and regulatory entity. Review the account details before registering.
