Admirals vs Pepperstone
A side-by-side comparison of Admirals and Pepperstone — spreads, regulation, platforms, leverage and minimum deposit. Both pay RebateIX cashback of up to $10 per lot, so you lower your real trading cost whichever you choose.
| Admirals | Pepperstone | |
|---|---|---|
| Spread from | 0 pips | 0 pips |
| Min deposit | $100 | $200 |
| Max leverage | 1:500 | 1:500 |
| Regulation | FCA, CySEC, ASIC | FCA, ASIC, DFSA, BaFin |
| Platforms | MT4, MT5, WebTrader | MT4, MT5, cTrader, TradingView |
| Commission | $3.00 / lot | $3.50 / lot |
| Swap-free (Islamic) | ||
| Synthetic indices | ||
| RebateIX cashback | Up to $10 / lot | Up to $10 / lot |
The verdict
Both quote comparable headline spreads, and Admirals is easier to start with ($100 minimum). But the bigger lever is your cost after rebates: through RebateIX, both Admirals and Pepperstone pay up to $10 cashback per lot, plus the RebateVIP retroactive boost of up to +15%. That usually matters more than a fractional spread difference.
Admirals vs Pepperstone — FAQ
Which is better, Admirals or Pepperstone?⌄
It depends on what you trade. Both quote similar headline spreads, and Admirals has the lower minimum deposit ($100). Crucially, with RebateIX you earn cashback of up to $10 per lot on either broker — so you lower your real trading cost whichever you pick.
Do I earn rebates with both Admirals and Pepperstone?⌄
Yes. Open or transfer an account with either Admirals or Pepperstone through RebateIX, link your MT4/MT5 login, and you earn cashback automatically on every closed lot — win or lose, paid weekly.
Is Admirals or Pepperstone better for Islamic (swap-free) accounts?⌄
Both Admirals and Pepperstone offer swap-free Islamic accounts. Rebates apply to Islamic accounts the same way.
How much can I earn back per lot?⌄
RebateIX pays up to $10 per standard lot, and the RebateVIP Club adds a retroactive boost of up to +15% on top as your monthly volume grows.