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Pepperstone vs Capital.com for US stocks
Both give you CFD exposure without ownership, so the decision comes down to cost, country eligibility and platform.
Pick Pepperstone if non-US residents trading US shares as CFDs. Pick Capital.com if small starting balances.
A CFD and spread-betting broker, not a US stockbroker. It is on this site because for most non-US traders it is one of the few regulated routes to US-share exposure with leverage.
Visit PepperstoneLow entry barrier and a wide share-CFD list; the trade-off is that everything is a derivative, so there is no dividend ownership or voting right — only cash adjustments.
Visit Capital.comSide by side
| Pepperstone | Capital.com | |
|---|---|---|
| What you hold | A CFD on the price | A CFD on the price |
| US stock access | 1,000+ US share CFDs | 3,000+ share CFDs across US and global exchanges |
| Minimum deposit | None | $20 |
| Fractional shares | n/a | Yes |
| Published pricing | US share CFDs are commission-based on the Razor account and spread-based on Standard; overnight financing applies to positions held past the close. | Share CFD costs are built into the spread with no separate commission on the standard offering; overnight fees apply to held positions. |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView | Capital.com web, Capital.com mobile, MetaTrader 4, TradingView |
| Extended hours | Selected US share CFDs only — check the instrument schedule | Extended-hours pricing on selected US shares |
| Regulation | FCA 684312, ASIC 414530, CySEC 388/20, DFSA F004356, BaFin 151148 | FCA 793714, CySEC 319/17, ASIC 513393, FSA SD019 |
| Founded | 2010 | 2016 |
Where each one wins
Pepperstone
- Non-US residents trading US shares as CFDs
- Leveraged short-term positions
- MetaTrader and TradingView users
- CFDs are leveraged: you do not own the share, get no shareholder rights, and can lose more than you expect
- Not available to US residents
Capital.com
- Small starting balances
- Fractional-size share CFD positions
- Traders who want one account for stocks, indices and FX
- CFDs are leveraged and you do not own the underlying share
- Not available to US residents
Frequently asked questions
Pepperstone or Capital.com — which is better for US stocks?
Both give you CFD exposure without ownership, so the decision comes down to cost, country eligibility and platform. Pepperstone: non-US residents trading US shares as CFDs. Capital.com: small starting balances.
Which is cheaper?
Pepperstone: US share CFDs are commission-based on the Razor account and spread-based on Standard; overnight financing applies to positions held past the close. Capital.com: Share CFD costs are built into the spread with no separate commission on the standard offering; overnight fees apply to held positions. Both figures are restated from each broker's own pricing page; for small non-USD accounts, currency conversion usually costs more than commission does.
Which is better regulated?
Pepperstone is authorised by FCA, ASIC, CySEC, DFSA, BaFin; Capital.com by FCA, CySEC, ASIC, FSA. What matters is which entity holds your account, since that determines your compensation scheme and leverage limits.
Reviewed August 2026. Figures restated from each broker's published pages.