Written by ForexBrokers.com
In this head to head comparison of AvaTrade vs Pepperstone, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Founded in 2006, AvaTrade is a seasoned player in the online brokerage landscape, offering a secure trading environment with a Trust Score of 94 as per ForexBrokers.com. This score indicates a high level of trustworthiness. While AvaTrade is not publicly traded nor a bank, it solidifies its reliability with four Tier-1 licenses and three Tier-2 licenses, affirming its trusted status in the industry.
Pepperstone, launched in 2010, also stands out as a dependable choice, boasting a slightly higher Trust Score of 95, placing it among the highly trusted brokers. Like AvaTrade, Pepperstone is not publicly traded and doesn't operate as a bank. Its credibility is backed by three Tier-1 licenses and two Tier-2 licenses, reassuring investors of a secure trading platform. Both brokers offer strong regulatory frameworks, though Pepperstone edges ahead in trust perception.
| Feature |
AvaTrade
|
Pepperstone
|
|---|---|---|
| Year Founded | 2006 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 3 |
| Tier-2 Licenses | 3 | 2 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 2 |
When considering their commissions and fees, both AvaTrade and Pepperstone offer appealing options to online traders, but their structures differ. AvaTrade stands out with spreads closely aligning with the industry average, typically under one pip at 0.9 pips as of June 2024. For professional traders, AvaTrade offers even more competitive spreads at 0.6 pips. This consistency in pricing earns AvaTrade a solid 4.5-star rating for commissions and fees, ranking it 12th out of 63 brokers by ForexBrokers.com.
Pepperstone, on the other hand, excels with its Razor account, which provides attractive pricing when bundled with the Active Trader program. The Razor account boasts an average spread of 0.10 pips for the EUR/USD pair, which, combined with an equivalent commission of 0.70 pips, results in an all-in cost of 0.80 pips. While the Razor account shines, Pepperstone’s Standard account, with an average spread of 1.1 pips, is less competitive. Like AvaTrade, Pepperstone earns a 4.5-star rating and ranks 10th out of 63 brokers in the same category.
Pepperstone further distinguishes itself by offering a rebate for high-volume traders through its Active Trader program, making it an appealing choice for professional clients. Depending on the region, traders can benefit from substantial rebates with increasing monthly trading volumes. This makes Pepperstone a compelling option for traders seeking tiered discounts based on volume, offering flexible and potentially cost-saving opportunities for professional accounts.
| Feature |
AvaTrade
|
Pepperstone
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 0.93 | 1.00 |
| All-in Cost EUR/USD - Active | 0.61 | 0.70 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Both AvaTrade and Pepperstone offer a wide range of investment opportunities for online traders, including forex trading as CFDs or spot contracts. AvaTrade provides 1,260 tradeable symbols with 53 forex pairs, while Pepperstone offers a slightly larger selection with 1,726 tradeable symbols and 65 forex pairs. Importantly, neither broker allows the buying of actual exchange-traded securities on U.S. or international exchanges, such as Apple or Vodafone shares. However, both platforms support copy trading and offer cryptocurrency derivatives, though not the actual cryptocurrencies themselves.
In terms of ratings, AvaTrade and Pepperstone both receive 4 stars out of 5 for their range of investments. According to ForexBrokers.com, AvaTrade ranks #32 out of 63 brokers in this category, whereas Pepperstone holds a higher position at #26. The offerings from these brokers demonstrate a competitive landscape, with each providing a broad range of instruments to satisfy both novice and experienced traders. While the choice between the two depends on individual needs, Pepperstone may appeal to those interested in a wider array of tradeable symbols and forex pairs.
| Feature |
AvaTrade
|
Pepperstone
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1260 | 1726 |
| Forex Pairs (Total) | 53 | 65 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing AvaTrade and Pepperstone, both brokers offer a comprehensive array of trading platforms and tools to cater to different trading needs. AvaTrade stands out by earning a 4.5-star rating, ranking 13th out of 63 brokers according to ForexBrokers.com. It provides a proprietary platform, along with popular options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The platform supports copy trading through DupliTrade and ZuluTrade, though it slightly lags in the number of drawing tools for charting, providing 13 options. AvaTrade allows direct trade execution from stock charts and includes a virtual demo account for practice.
Pepperstone, with a 4-star rating and a 22nd place ranking, offers a similarly strong selection with its proprietary web and desktop platforms. Like AvaTrade, it also supports MT4 and MT5, alongside copy trading via DupliTrade. While it does not offer ZuluTrade, it compensates with 30 drawing tools for robust charting capabilities. Both brokers facilitate trading directly from stock charts and offer watch lists with seven customizable columns. Pepperstone also provides a virtual demo account, making it equally appealing for traders wanting to test strategies before live trading.
| Feature |
AvaTrade
|
Pepperstone
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | Yes | Yes |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 80 | 15 |
| Charting - Drawing Tools (Total) | 13 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of AvaTrade and Pepperstone, both brokers provide apps for iPhone and Android users, equipped with essential features like price alerts and watchlist symbol syncing. AvaTrade stands out by offering 73 technical studies for charting, which is more than double the 30 studies provided by Pepperstone. Both apps allow users to draw trendlines on charts and view multiple time frames such as daily, weekly, or intraday. However, Pepperstone has the edge in terms of user convenience as its app automatically saves chart drawings, a feature not present in AvaTrade's app.
Both AvaTrade and Pepperstone allow for the creation of watchlists with real-time quotes, catering to active traders who need quick access to market data. In terms of user ratings, AvaTrade scores slightly higher with a 4.5-star rating compared to Pepperstone’s 4 stars. Moreover, AvaTrade ranks 13th in the mobile trading app category according to ForexBrokers.com, ahead of Pepperstone, which holds the 21st position. Overall, while both platforms deliver a solid mobile trading experience, AvaTrade offers several additional enhancements that may appeal more to those who rely heavily on charting tools.
| Feature |
AvaTrade
|
Pepperstone
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 73 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing AvaTrade and Pepperstone for market research offerings, each broker has its strengths. AvaTrade provides forex news from top-tier sources like Bloomberg and Reuters and equips traders with Trading Central's technical analytics and sentiment-based trading tools that show long or short positions across currency pairs. It also supports investors with an economic calendar to track global news events. However, AvaTrade does not offer daily market commentary, tools from Autochartist, or research from Acuity Trading. Its research services are rated 4 stars out of 5, placing it 34th among 63 brokers.
On the other hand, Pepperstone excels with daily market commentary and offers Autochartist's technical and fundamental research tools, similar to AvaTrade's sentiment-based trading tools, and an economic calendar. Like AvaTrade, Pepperstone does not provide research tools from Acuity Trading or market research from TipRanks. Pepperstone's robust research offerings earn it a rating of 4.5 stars, securing the 12th position out of 63 brokers in the Research category according to ForexBrokers.com. Both brokers present unique tools to assist traders, but the choice may depend on specific research needs and trading style preferences.
| Feature |
AvaTrade
|
Pepperstone
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners at AvaTrade and Pepperstone, both online brokers excel in providing comprehensive tools to learn about forex and CFDs. AvaTrade and Pepperstone each offer more than 10 educational materials, including articles, videos, and archived webinars, all centered on forex or CFDs, ensuring newcomers have a wide array of information at their fingertips. Moreover, both brokers host monthly online client webinars and maintain a searchable archive of past sessions, so beginners can easily revisit valuable insights. Additionally, each platform offers over 10 video tutorials specifically geared toward beginner traders, empowering users with foundational knowledge to start trading.
When it comes to more advanced educational content, both AvaTrade and Pepperstone deliver with over 10 videos aimed at intermediate to experienced traders, helping them refine their strategies. Each broker also includes a comprehensive investor dictionary featuring over 50 investing terms, aiding beginners in becoming familiar with trading jargon. Evaluating their educational offerings, AvaTrade is rated 4 out of 5 stars, ranking #2 amongst 63 brokers per ForexBrokers.com, while Pepperstone scores slightly higher at 4.5 stars, though it ranks #17. These ratings reflect the strength of their educational programs, with AvaTrade having a slightly weaker rating but higher ranking due to its vast offerings.
| Feature |
AvaTrade
|
Pepperstone
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that AvaTrade is better than Pepperstone. AvaTrade finished with an overall rank of #13, while Pepperstone finished with an overall rank of #16.
AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab Best in Class honors for Beginners in the ForexBrokers.com 2025 Annual Awards.
| Feature |
AvaTrade
|
Pepperstone
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 95 |
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Both AvaTrade and Pepperstone provide the option to trade cryptocurrency derivatives but do not offer the ability to purchase actual delivered cryptocurrencies.
While both AvaTrade and Pepperstone provide options to deposit or withdraw funds through PayPal, Skrill, Visa or Mastercard, and bank wires, only Pepperstone offers ACH or SEPA transfers, giving it a slight edge for users seeking diverse transaction methods.
Please 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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0 of 5| Overall Rating | AvaTrade | Pepperstone | |
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| Trust Score | 94 | 95 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | Pepperstone Review |
| Broker Screenshots | AvaTrade | Pepperstone | |
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| Regulation | AvaTrade | Pepperstone | |
|---|---|---|---|
| Trust Score | 94 | 95 | |
| Year Founded | 2006 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 3 | |
| Tier-2 Licenses | 3 | 2 | |
| Tier-3 Licenses | 1 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | AvaTrade | Pepperstone | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | AvaTrade | Pepperstone | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | AvaTrade | Pepperstone | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1260 | 1726 | |
| Forex Pairs (Total) | 53 | 65 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | AvaTrade | Pepperstone | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.93 | 1.00 | |
| All-in Cost EUR/USD - Active | 0.61 | 0.70 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | AvaTrade | Pepperstone | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | AvaTrade | Pepperstone | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | Yes | |
| DupliTrade | Yes | Yes | |
| ZuluTrade | Yes | No |
| Trading Tools | AvaTrade | Pepperstone | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 80 | 15 | |
| Charting - Drawing Tools (Total) | 13 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | AvaTrade | Pepperstone | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 73 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | AvaTrade | Pepperstone | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | AvaTrade | Pepperstone | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | AvaTrade | Pepperstone | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | AvaTrade Review | Pepperstone Review |
| Overall | AvaTrade | Pepperstone | |
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| Trust Score | 94 | 95 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | Pepperstone Review |
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