Pepperstone vs Webull: Which Broker Suits You?
Pepperstone scores 3.6 and Webull 3.6 out of 5 on our published methodology. Pepperstone leads on Regulation & Trust and Account Access & Support; Webull leads on Costs & Fees and Asset Range, and they tie on Platform & Tools. Both accept clients in other countries.
Level on overall score
Pepperstone
3.6/5
Best for: Forex & CFD trading
Read the full Pepperstone review →Level on overall score
Webull
3.6/5
Best for: Commission-free US trading & charting
Read the full Webull review →Score by score
Each category is scored 1–5 using our published methodology. The overall score is the plain average of the first five; ease of use is shown separately.
Key facts side by side
| Pepperstone | Webull | |
|---|---|---|
| What you own | CFDs only | Real assets |
| Available assets | Forex and CFDs across major asset classes | Stocks, ETFs, options, plus some crypto and bonds |
| Regulated by | FCA, ASIC, CySEC, DFSA and others | SEC, FINRA, SIPC |
| Stands out for | Raw spreads with a choice of MT4, MT5, cTrader and TradingView | Charting and paper trading well beyond what a free app usually offers |
| Watch out for | Derivatives only — there is nothing here to buy and hold | No mutual funds, and its ownership history has drawn US scrutiny |
| Accepts clients in | The UK, the EU and other countries | The US and other countries |
Is Pepperstone cheaper than Webull?
On our Costs & Fees score, Webull rates 5/5 against Pepperstone’s 4/5, so it is generally the cheaper of the two for the costs we assess: commissions, spreads, currency conversion and account fees. Fees differ by country and account type and change often, so check both brokers’ current price lists before you choose.
Which is safer, Pepperstone or Webull?
Pepperstone is regulated by FCA, ASIC, CySEC, DFSA and others; Webull by SEC, FINRA, SIPC. Pepperstone scores higher on our Regulation & Trust measure (4/5 against 3/5). Which company holds your account, and which investor compensation scheme covers it, depends on where you live. Compensation schemes cover a broker failing, never investment losses.
Which is better for beginners?
On ease of use for a beginner, which sits outside the overall score, Pepperstone scores 2/5 and Webull 3/5. Webull is the gentler place to start. Beginners should know that CFDs are leveraged derivatives rather than ownership, and that most retail accounts trading them lose money.
Who each one tends to suit
Pepperstone
- Tends to suit
- Forex & CFD trading
- Stands out for
- Raw spreads with a choice of MT4, MT5, cTrader and TradingView
- Watch out for
- Derivatives only — there is nothing here to buy and hold
Webull
- Tends to suit
- Commission-free US trading & charting
- Stands out for
- Charting and paper trading well beyond what a free app usually offers
- Watch out for
- No mutual funds, and its ownership history has drawn US scrutiny
More head-to-heads
Scores and facts come from our own reviews as of September 2026 and follow one published methodology. Plain Investor has no commercial relationship with either broker. This is general education, not personal financial advice. Fees, features and regulation change, so confirm current terms with each broker before opening an account.