Pepperstone vs XTB
Since 5 Aug 2015, Pepperstone Limited has been authorised by the FCA, FRN 684312, and it holds client money. FCA, FRN 522157 authorisation has applied to XTB Limited since 17 Jan 2011. The firm holds client money.
Pepperstone and XTB side by side
Every number comes from the broker itself, along with the date we read it. Their order follows how people search for them, not any preference.
| Fact | Pepperstone | XTB |
|---|---|---|
| UK firm | Pepperstone Limited | XTB Limited |
| FRN | 684312 | 522157 |
| Regulatory status | Authorised | Authorised |
| Authorised since | 5 Aug 2015 | 17 Jan 2011 |
| Clone firms on the register | 3 | 9 |
| Retail CFD accounts that lose money | 73.6%, read 2 Nov 2026 | 74%, read 2 Nov 2026 |
| EUR/USD spread as stated | 0 pips (minimum, Razor) | Not stated |
| Smallest deposit | £10 | No minimum |
| Inactivity fee | no inactivity fee | no account maintenance charge for any active client, whatever their balance |
| Withdrawal fee | free (GBP 15 for a bank wire to an international bank account)) | free |
| Withdrawal time | Cards, Apple Pay and Google Pay take up to 1 working day; bank transfers take up to 7 working days | Processing takes up to 3 working days; allocating bank wires and card payments takes up to 3 working days |
| CFDs | Yes | Yes |
| Spread betting | Yes | Not stated |
| Share dealing | Not stated | Yes |
| Retail leverage | Major currency pairs have a 1:30 ratio, major indices and gold have 1:20, other commodities have 1:10 and shares have 1:5 | Up to 1:30 for retail clients on major forex pairs |
| Platforms | MT4, MT5, cTrader, TradingView, Pepperstone platform | XTB platform (xStation) |
| Demo account | Yes | Yes |
| Negative balance protection | Yes | Yes |
| iPhone app rating, UK App Store | 4.12 of 5 (92 ratings) | 4.66 of 5 (1,977 ratings) |
For both firms, FCA status and CFDs are the same. Their demo account and negative balance protection also match.
Source: pepperstone.com/en-gb, checked on 2 Nov 2026; also xtb.com/en, checked on 2 Nov 2026; also pepperstone.com/en-gb/trading/costs-and-fees, checked on 2 Nov 2026; also xtb.com/en/forex, checked on 2 Nov 2026; also pepperstone.com/en-gb/trading/funding-methods, checked on 2 Nov 2026; also xtb.com/en/account-and-fees, checked on 2 Nov 2026; also xtb.com/en/platform, checked on 2 Nov 2026.
How the two loss rates stand against the wider field
The full risk warning from each broker
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. For retail investor accounts using this provider to trade spread bets and CFDs, 73.6% lose money. Consider whether you understand how CFDs and spread bets work, and whether you can afford the high risk of losing your money.
On pepperstone.com, the wording comes from Pepperstone itself. It was read 2 Nov 2026.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Among retail investor accounts trading CFDs with this provider, 74% lose money. You should consider if you understand how CFDs work, and if you can afford the high risk of losing your money.
On xtb.com, the wording comes from XTB itself. It was read 2 Nov 2026.