Broker comparison
FXOpen vs Pepperstone
FXOpen and Pepperstone are both forex/CFD broker brands with regulator labels in InvestorTrip's current data, but FXOpen also carries a license-history editorial notice. This comparison keeps that context visible before any cost or platform comparison.
FXOpen
Current broker snapshot
- Rating
- 4.4 / 5
- Minimum deposit
- $1
- Regulator labels
- FCA, CySEC
- Markets listed
- Over 50 pairs of currency (major, minor and exotic currency pairs), Gold, silver, crude oil, and natural gas, CFDs on global indices like S&P 500, NASDAQ, and FTSE 100, Trade Bitcoin, Ethereum, Litecoin, and other cryptocurrencies, CFDs on global equities from almost all major exchanges.
- Editorial status
- Editorial notice
Editorial notice
On 4 September 2024, ASIC cancelled the AFS Licence (AFSL 412871) of FXOpen AU Pty Ltd, citing inadequate human resources for delivering financial services and breaches of the 'key person' condition (ASIC media release 24-194MR; licence had been held since 12 December 2011). FXOpen AU applied for review with the Administrative Review Tribunal on 25 September 2024; the appeal process remains underway. FXOpen continues to operate under FCA UK (FXOpen Ltd, FRN 579202) and CySEC (FXOpen EU Ltd, CIF 194/13) authorisations. ASIC release: https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2024-releases/24-194mr-asic-cancels-afs-licence-of-retail-otc-derivative-issuer-fxopen-au/
Pepperstone
Current broker snapshot
- Rating
- 4.9 / 5
- Minimum deposit
- $0
- Regulator labels
- ASIC, SCB, CySEC, DFSA UAE +3
- Markets listed
- Fore, Indices, Currency Indices, Commodities, Softs +2
- Editorial status
- No current notice
How to read this comparison
The facts below come from InvestorTrip's current broker database and linked review pages. They are a screening aid, not a claim that a broker is available, cheaper or safer for every country, account type or legal entity.
Quick Take
FXOpen is listed with a $1 minimum deposit, FCA/CySEC regulator labels and an editorial notice about ASIC's 2024 cancellation of the FXOpen AU licence. Pepperstone is listed with a $0 minimum deposit and regulator labels including ASIC, FCA, CySEC, DFSA UAE, BaFin, CMA and SCB.
Notice Before Ranking
A license-history notice does not automatically decide the comparison, but it should be resolved before relying on older review material. Confirm which FXOpen entity is relevant to your account and whether the current permission status matches the product you plan to trade.
What To Check Next
For both brokers, verify account entity, pricing schedule, swap policy, withdrawal terms, platform availability and country restrictions before depositing. The compare brokers tool can help organize the shortlist after you read the full reviews.
Verdict
Pepperstone currently screens stronger on regulator-label breadth and $0 listed minimum deposit. FXOpen remains worth comparing when its FCA/CySEC entities are relevant, but the license-history notice should be read and verified first.