Alternatives to Pepperstone
Pepperstone is a well-regarded Australian CFD provider known for tight spreads (from 0.5 pips on AUD/USD), zero platform fees, and no minimum deposit. It's a solid choice for forex and CFD traders who want low-cost access to leveraged markets. But if you're looking for actual share ownership (CHESS-sponsored or custodian-held ASX/US stocks), options trading beyond CFDs, or features like auto-invest and SMSF accounts, Pepperstone doesn't offer those. We've listed 7 alternatives that cover different needs — from real share trading to options and copy trading.
Offers options trading on 6,000+ markets, a feature Pepperstone doesn't provide.
- ASX ETFs supported
- No
- Auto-invest / DCA
- No
- Monthly platform fee
- $0/month
Supports real ASX and US shares with zero brokerage, plus auto-invest and SMSF accounts.
- ASX brokerage minimum
- $0
- ASX ETFs supported
- Yes(Pepperstone: No)
- CHESS sponsorship model
- custodian
Gives you zero-brokerage ASX and US share trading alongside CFDs on 17,000+ markets.
- ASX brokerage minimum
- $0
- ASX ETFs supported
- Yes(Pepperstone: No)
- CHESS sponsorship model
- custodian
Includes options trading with a low $25 minimum deposit, unlike Pepperstone's pure CFD model.
- ASX ETFs supported
- No
- Auto-invest / DCA
- No
- Monthly platform fee
- $0/month
Access 6,000+ global CFD markets from just $20 deposit with a clean trading platform.
- ASX ETFs supported
- No
- Auto-invest / DCA
- No
- Monthly platform fee
- $0/month
Common questions
Can I trade real ASX shares with Pepperstone?
No. Pepperstone is a CFD provider, so you trade contracts based on price movements rather than owning the underlying shares. If you want actual ASX share ownership, you'll need a broker that offers CHESS-sponsored or custodian-held share trading.
Does Pepperstone charge a monthly platform fee?
No. Pepperstone has zero monthly platform fees. You only pay spreads and any applicable overnight financing costs. This makes it competitive with other CFD brokers that also don't charge monthly account keeping fees.
What alternatives exist if I want options trading alongside CFDs?
Several CFD brokers also offer options trading on indices, commodities, and individual stocks. These platforms let you trade both CFDs and options from the same account, giving you more flexibility than a pure CFD-only provider.
Is Pepperstone suitable for long-term investing?
Pepperstone is designed for active trading rather than long-term investing. CFD positions incur overnight financing costs if held past market close, which adds up over time. For long-term buy-and-hold strategies, a traditional share broker is usually more cost-effective.