Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare AvaTrade vs Pepperstone.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Pepperstone received a rating of 4.00 stars over AvaTrade's 3.50 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. AvaTrade alongside Pepperstone are regulated in a major hub. Neither AvaTrade and Pepperstone are publicly traded companies. How many currency pairs are available to trade? AvaTrade boasts an offering of 60 different currency pairs compared to Pepperstone's 59 available pairs.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. AvaTrade and Pepperstone both offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Both AvaTrade and Pepperstone provide clients with access to 31 total charting tools. AvaTrade and Pepperstone offer the same number of indicators (eg, volume), 51.
Overall, Pepperstone takes the upper hand with 4.00 stars over AvaTrade's 3.50 stars. And, when it comes to individual category awards, Pepperstone posted awards Best in Class - Customer Service and Best in Class - Active Trading in 2018, while AvaTrade found itself with none of these.