After spending seven months and hundreds of hours researching 20 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 5,000 data points. For this review, we will compare AvaTrade vs Pepperstone.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Pepperstone's score is 4.00 stars versus AvaTrade's 3.00 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Both AvaTrade and Pepperstone are regulated in a major hub. Neither are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. AvaTrade and Pepperstone offer the same number of currency pairs, 59.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. AvaTrade and Pepperstone both offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Both brokers offer clients access to the same number of charting tools, 31. AvaTrade and Pepperstone offer the same number of indicators (eg, volume), 51.
Overall, both AvaTrade and Pepperstone hold a 3.50 star rating. And, when it comes to individual category awards, Pepperstone posted awards Best in Class - Customer Service and Best in Class - Active Trading in 2017, while AvaTrade found itself with none of these.