Pepperstone vs XM
A side-by-side comparison built from each broker's own published record — licenses checked against official registers, terms quoted from their own pages, with the source linked on every claim.
| Regulation | ASIC · FCA · CySEC · DFSA · SCB | CySEC · FSC · DFSA |
| License no. | ASIC AFSL 414530 (ACN 147 055 703) FCA 684312 (Company No. 08965105) CySEC 388/20 (Company No. HE 398429) DFSA F004356 SCB SIA-F217 (Company No. 177174 B) | CySEC 120/10 FSC not printed on public register (XM Global Limited listed as Active, categories: Trading in Securities as Principal; Arranging transactions in Securities, registration period 2026) DFSA F003484 |
| Founded | 2010 | 2009 |
| Minimum deposit | $10 | $5 |
| EUR/USD spread from | 0.0 pips (Razor account, raw spread + commission from $3.50 per lot per side) | "spreads as low as zero" (Zero Account); EURUSD-specific from-figure not published on public pages |
| Leverage | ASIC (Australia): Retail 30:1 · Pro 500:1 | CySEC (Cyprus): Up to 30:1, depending on instrument FSC Belize: Flexible leverage up to 1000:1 |
| Gulf Payments | UAE local bank · AED account | |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Pepperstone platform (web + mobile app) | MetaTrader 4, MetaTrader 5, XM App |
| Broker-published claim | Cards, Apple Pay and Google Pay withdrawals: "Same Day - Up to 1 working day"; bank transfers: "Same Day - Up to 3 working days". Pepperstone notes final settlement depends on third-party institutions and can vary. [Source] | Withdrawal requests are processed instantly by our Artificial Intelligence Back Office System, based on algorithmic parameters. You'll receive your money immediately, or on the same day your request is executed. Withdrawals via bank wire, credit or debit card usually take 2-5 business days to reach your account. [Source] |
| Withdrawal methods | Visa, Mastercard, Bank transfer, PayPal, Skrill, Neteller, UnionPay, Apple Pay, Google Pay, USDT | Credit/debit cards, Electronic payment methods (e-wallets), Bank wire transfer, Local bank transfer |
| Crypto deposits/withdrawals | Yes | No |
| Islamic Accounts | Yes | Yes |
| Measured by us | Testing in progress | Testing in progress |
| Accepts clients from | Australia, Hong Kong, United Kingdom, Singapore, China, Thailand, Mexico, Taiwan, United Arab Emirates, Germany, India, Saudi Arabia, Malaysia, Turkey, Mongolia, Kenya, Colombia, Italy, Vietnam, Chile, Peru, Indonesia, Qatar, Kuwait, Oman, Bahrain | Germany, Italy, United Arab Emirates, Kenya, Saudi Arabia, Malaysia, Turkey, China, Taiwan, Thailand, Vietnam, Indonesia |
| Open account | Open account |
We do not name a winner here. The two records sit side by side because the right answer depends on where you live, what you trade, and which entity would onboard you — all of which the table shows.
By Country
- Pepperstone + XM: China, Thailand, Taiwan, United Arab Emirates, Germany, Saudi Arabia, Malaysia, Turkey, Kenya, Italy, Vietnam, Indonesia
- Pepperstone Yes / XM No: Australia, Hong Kong, United Kingdom, Singapore, Mexico, India, Mongolia, Colombia, Chile, Peru, Qatar, Kuwait, Oman, Bahrain
Is Pepperstone or XM better?
Neither is better in the abstract. Compare the rows that apply to you: whether each broker accepts clients from your country, which entity and regulator you would be onboarded under, the minimum deposit, and how withdrawals work on the rail you would actually use.
Which is safer, Pepperstone or XM?
Safety follows the entity that holds your money, not the brand. Both records list every regulator and license number each broker publishes — check which entity serves your country, then verify that license on the regulator's own register.