Plain-English forex education. No hype, no signals.فارسی
BrokerCutForex Academy

Head to head

DeltaFX vs Pepperstone

DeltaFX has no licence we could confirm on a regulator's register. Pepperstone is licensed by ASIC in Australia; FCA in the United Kingdom; CySEC in the European Union; BaFin in Germany; DFSA in Dubai (DIFC), UAE and SCB in The Bahamas. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $50 at DeltaFX and $0 at Pepperstone. Only Pepperstone offers negative balance protection and segregated client money.

Facts last checked: DeltaFX on 20 October 2026, Pepperstone on 20 October 2026.

DeltaFX profilePepperstone profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
DeltaFXRead the profile
PepperstoneStrictly regulatedRead the profile
Comparing
DeltaFX
PepperstoneAustralia

Overview

Founded
Not yet checked
Not yet checked
Headquarters
Not yet checked
Melbourne, Australia
Official websites
  • deltafx.com
  • authserver.deltafx.com
  • pepperstone.com
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
No licence listed
Pepperstone Group Limited
Regulator
No licence listed
ASIC
Australia
Regulation level
No licence listed
Strictly regulated
Licence number
No licence listed
AFSL 414530
Check the register
Clients this company serves
No licence listed
Australian residents
All licences held
None listed
  • ASIC (Australia)
  • FCA (United Kingdom)
  • CySEC (European Union)
  • BaFin (Germany)
  • DFSA (Dubai (DIFC), UAE)
  • SCB (The Bahamas)
Segregated client money
No
Yes
Negative balance protection
No
Yes
Compensation scheme
None
FSCS up to £85,000 (UK); ICF up to €20,000 (Pepperstone EU); none for the Bahamas company

Costs

Your monthly cost
No accounts listed
No accounts listed
Cost per lot (EUR/USD)
No accounts listed
No accounts listed
Spread from
No accounts listed
No accounts listed
Typical EUR/USD spread
No accounts listed
No accounts listed
Commission per lot (round turn)
No accounts listed
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Yes
Not yet checked

Leverage and margin

Maximum retail leverage
1:1000
1:30 on major pairs (UK, EU, Australia)
Retail leverage by asset class
Not yet checked
  • Major currency pairs: 1:30
  • Other currency pairs: 1:20
  • Other commodities and non-major indices: 1:10
  • Share CFDs: 1:5
Margin call level
100%
Not yet checked
Stop-out level
20% or 40%, depending on the account
50% (MT4 and MT5)

Account

Minimum deposit (this account)
No accounts listed
No accounts listed
Base currencies
No accounts listed
No accounts listed
Execution
No accounts listed
No accounts listed

Platforms and features

Platforms
  • MetaTrader 4
  • MetaTrader 5
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • Pepperstone platform
  • Mobile app
Markets
Forex, spot metals, spot energies, spot indices and crypto CFDs
90+ forex pairs, indices, commodities, share CFDs, ETFs, currency indices and crypto CFDs (not for UK retail)
Demo account
Yes
Yes
Copy trading
Yes
Yes
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
  • Local bank transfer (Iranian rial)
  • USDT (TRC20)
  • USDT (BEP20)
  • TopChange
  • ZPay
  • Debit card
  • Credit card
  • Apple Pay
  • Google Pay
  • Bank transfer
Withdrawal fee
$4 per USDT withdrawal on BEP20; other fees not published
Free by card, Apple Pay, Google Pay and bank transfer (UK)
Inactivity fee
Not yet checked
Not yet checked

Support

Customer support
24/7 live chat, ticket system, phone and email
24 hours Monday to Friday and 18 hours at weekends

Our notes

Strengths
  • Five account types with published margin call and stop-out levels
  • Swap-free versions of every account
  • Low minimum deposit ($50) on most accounts
  • Licensed by four strict regulators (ASIC, FCA, CySEC, BaFin), with retail money held in segregated accounts
  • Negative balance protection for retail clients
  • Razor account commission is published per currency (for example £2.25 per lot per side on GBP accounts)
  • No minimum deposit for bank transfers in the UK, and free withdrawals
Watch out for
  • Not listed as regulated here: its Anjouan (AOFA) licence L16182/DFX shows as active on AOFA's own register, but the Central Bank of the Comoros has said AOFA is not recognised and cannot issue financial licences.
  • Its only licence is from the Anjouan Offshore Finance Authority (AOFA). On 8 December 2025 the Central Bank of the Comoros said AOFA is not recognised in the Union of the Comoros and has no legal power to issue financial licences.
  • AOFA's verification page lists company number 16183 (DeltaFX's site says 16182), incorporation on 20 October 2025 and a licence end date of 20 October 2026.
  • Commission rates on the commission-based accounts are not published on the account pages
  • Leverage up to 1:1000 and no published negative balance protection
  • Says Pepperstone Markets Kenya Limited holds CMA licence 128; we could not confirm it on the Capital Markets Authority register on 2026-10-20 because the CMA website was unavailable.
  • Says Pepperstone Financial Services LLC holds UAE CMA licence 20200000358 for introduction and financial consultation; we could not confirm it on the regulator's register on 2026-10-20.
  • Clients outside the UK, EU and Australia may be placed with the Bahamas company, which has no compensation scheme
  • Pepperstone publishes minimum spreads, not typical spreads; Pro clients lose negative balance protection

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • Pepperstone: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Open this comparison in the full tool to share a link with your own accounts and companies chosen.

Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

BrokerCut on Telegram

Get the latest forex news and market analysis.

Join the channel