Pepperstone vs XM: licences compared
Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.
| Attribute | Pepperstone | XM |
|---|---|---|
| Licence Score | 78Strong | 70Strong |
| Strongest licence | 1 Tier 1 | 1 Tier 1 |
| Licences on record | 7 | 7 |
| 1 FCA United Kingdom | Licensed · FRN 684312 | — |
| 1 ASIC Australia | Licensed · AFSL 414530 | Licensed |
| 1 BaFin Germany | Licensed | — |
| 2 CySEC Cyprus | Licensed · Licence 388/20 | Licensed · Licence 120/10 |
| 2 FSCA South Africa | — | Licensed |
| 2 DFSA United Arab Emirates | Licensed | Licensed |
| 3 CMA (Kenya) Kenya | Licensed | Licensed |
| 3 SCB Bahamas | Licensed | — |
| 4 FSA (Seychelles) Seychelles | — | Licensed |
| 4 FSC (Belize) Belize | — | Licensed |
| Founded | 2010 | 2009 |
| Headquarters | Australia | Cyprus |
| Type | Forex & CFD broker | Forex & CFD broker |
| Publicly listed | No | No |
| Platforms | MT4, MT5, cTrader, TradingView | MT4, MT5 |
| Minimum deposit | No minimum | US$5 |
| Visit | Visit site | Visit site |
Frequently asked questions
Is Pepperstone or XM better regulated?
Pepperstone has the higher Licence Score (78 vs 70), based on the number and tier of licences, operating history and public listing.
Which regulators license both Pepperstone and XM?
Both are matched to licences from ASIC, CySEC, DFSA and CMA (Kenya).