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OANDA vs Pepperstone 2024

BrokerNotes.co

Written by BrokerNotes.co

August 06, 2024

Trying to decide between OANDA and Pepperstone? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, OANDA ranks more highly than Pepperstone.

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Compare

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Overall Rating OANDA Pepperstone
Overall Rating star 8.6 /10 star 8.5 /10
Offering of Investments star 8.0 /10 star 8.0 /10
Commissions & Fees star 7.5 /10 star 9.0 /10
Platform & Tools star 8.0 /10 star 8.0 /10
Research star 9.5 /10 star 8.5 /10
Mobile Trading star 9.0 /10 star 7.5 /10
Education star 7.5 /10 star 7.5 /10
Account Type OANDA Pepperstone
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info Yes Yes
Deposit/Withdrawal Options OANDA Pepperstone
Minimum Deposit info $0 $0
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes info Yes
PayPal (Deposit/Withdraw) info Yes info Yes
ACH or SEPA Transfers info Yes info Yes
Copy Trading OANDA Pepperstone
Social Trading / Copy Trading info Yes info Yes
DupliTrade info No Yes
ZuluTrade info No No
Cryptocurrency OANDA Pepperstone
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info Yes info Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) OANDA Pepperstone
Forex Trading (Spot or CFDs) info Yes info Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) OANDA Pepperstone
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments OANDA Pepperstone
Forex Trading (Spot or CFDs) info Yes info Yes
Spread Betting info Yes Yes
Social Trading / Copy Trading info Yes info Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes Yes
ETF info No Yes
U.S. Stocks (CFD) info No info Yes
Trading Platforms OANDA Pepperstone
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
Regulatory Licenses OANDA Pepperstone
Tier-1 Licenses info 7 3
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses info 0 2
Tier-3 Licenses info 0 0
Research, Education OANDA Pepperstone
Trading Central (Recognia) info No No
Forex News (Top-Tier Sources) info Yes Yes
Daily Market Commentary info Yes Yes
Autochartist info Yes Yes
Investor Dictionary (Glossary) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info Yes Yes
Trading Costs OANDA Pepperstone
Minimum Deposit info $0 $0
Average Spread EUR/USD - Standard info 1.61 info 1.10 info
All-in Cost EUR/USD - Active info 1.61 info 0.80 info
Active Trader or VIP Discounts info Yes info Yes
Trading Tools OANDA Pepperstone
Watchlists - Total Fields info 6 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 81 15
Mobile Charting - Indicators / Studies info 30 30
Trust Factors OANDA Pepperstone
Year Founded info 1996 2010
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Trust Score info 93 95
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OANDA vs Pepperstone Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between OANDA and Pepperstone? Our independent database powered by our unbiased research will help you compare OANDA vs Pepperstone side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust OANDA?

OANDA has a Trust Score of 93, giving it a "Highly Trusted" Trust Score Label.

Can I trust Pepperstone?

Pepperstone has a Trust Score of 95, giving it a "Highly Trusted" Trust Score Label.

Is OANDA a good broker?

Founded in 1996, OANDA is a long-standing, highly trusted broker licensed in an impressive seven Tier-1 regulatory jurisdictions. Forex and CFD traders will find plenty to like at OANDA, including strong market research and support for a range of third-party plug-ins and platforms (like MetaTrader 4 and the wildly popular TradingView). The OANDA Trade platform is available for web, desktop, and mobile. Though the desktop platform is good – not great – the mobile app is easy to use and boasts a great balance of features. The only downside with using OANDA is its comparatively small range of markets and industry-average spreads.

Is Pepperstone a good broker?

Pepperstone offers a growing number of tradeable markets and support for numerous third-party trading platforms, including TradingView, cTrader, a variety of social copy trading platforms, and both MetaTrader 4 and MetaTrader 5. With a variety of regulatory licenses from across the world, we consider Pepperstone to be Highly Trusted and the broker holds a Trust Score rating of 95. Traders at Pepperstone also gain access to high-quality research content in both written and video format.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. OANDA holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised), Canada (CIRO Authorised), Japan (SFC Authorised), Singapore (MAS Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized). Pepperstone, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA Authorised). Neither have Hong Kong (SFC Authorised), CBI Authorised (Ireland), New Zealand (FMA Authorised) and Switzerland (FINMA Authorised)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, OANDA is none, while Pepperstone is Cyprus (CySEC Authorised) and UAE (DFSA/Central Bank Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses OANDA is British Virgin Islands (FSC Authorised), while Pepperstone is Bahamas (SCB Authorised).. Neither have Belize (FSC Authorised), Bermuda (BMA Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that OANDA offers a Proprietary Platform and Desktop Platform (Windows), whereas Pepperstone supports a Desktop Platform (Windows), cTrader and DupliTrade. Neither have ZuluTrade

Does OANDA offer MetaTrader? Does Pepperstone offer MetaTrader?

Both OANDA and Pepperstone offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

How do OANDA and Pepperstone differ in terms of minimum deposit? What about average spreads and funding options?

OANDA requires a minimum deposit of $0, while Pepperstone requires a minimum deposit of $0. You'll also want to make sure that your broker accepts the funding options and deposit methods that work best for you. In our testing, we've found that both OANDA and Pepperstone offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for deposits

Which broker offers more tradeable asset classes, OANDA or Pepperstone?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that OANDA delivers a more diverse selection of investment options than Pepperstone, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Spread Betting, Social Trading / Copy Trading, Metals, Energies and Agriculturals.

We also keep track of each broker’s total number of tradeable symbols; OANDA offers 3928, and Pepperstone offers a total of 1726 tradeable symbols.

Can I trade cryptocurrency with OANDA or Pepperstone?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that OANDA offers clients access to trading physical cryptocurrencies while Pepperstone does not.

Who offers more research tools, OANDA or Pepperstone?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. OANDA delivers the following research tools: Autochartist, Daily Market Commentary, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. Pepperstone, on the other hand, provides the tools listed here: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. Neither have Trading Central (Recognia)

Broker Reviews

Still looking for more information, read our broker reviews.

OANDA Review

Pepperstone Review

Overall winner: Pepperstone

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.


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