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Pepperstone vs OANDA 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is Pepperstone better than OANDA? In our analysis of 23 international regulators across 62 of the best forex brokers, Pepperstone is considered low-risk, with an overall Trust Score of 93 out of 99. OANDA is considered low-risk, with an overall Trust Score of 92 out of 99. Learn more about Trust Score.

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Overall RatingPepperstoneOANDA
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4.5/5 Stars
Research 4.5/5 Stars 4.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score 93 92
Winner check_circle
Review Pepperstone Review OANDA Review
RegulationPepperstoneOANDA
Trust Score 93 92
Year Founded 2010 1996
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info Yes info
Tier-1 Licenses 2 6
Tier-2 Licenses 2 0
Tier-3 Licenses 1 1
Tier-1 Licenses (High Trust)PepperstoneOANDA
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) No Yes
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No Yes
MAS Authorised (Singapore) No Yes
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) No Yes
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)PepperstoneOANDA
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) Yes No
Tier-3 Licenses (Low Trust)PepperstoneOANDA
SCB Authorised (Bahamas) Yes No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No Yes
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsPepperstoneOANDA
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 2342 124
Forex Pairs (Total) 62 71
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 Yes
Cryptocurrency (CFD) 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).
CostPepperstoneOANDA
Average Spread EUR/USD - Standard 0.77 info 1.26 info
All-in Cost EUR/USD - Active 0.87 info 1.26 info
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker Yes No
Execution: Market Maker Yes Yes
FundingPepperstoneOANDA
Minimum Deposit $200 $0
PayPal (Deposit/Withdraw) Yes Yes
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsPepperstoneOANDA
Proprietary Platform No 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 Yes No
DupliTrade Yes No
ZuluTrade No Yes
Trading ToolsPepperstoneOANDA
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 6
Charting - Indicators / Studies (Total) 15 81
Charting - Drawing Tools (Total) 30 431
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingPepperstoneOANDA
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 30 33
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes Yes
Forex Calendar Yes Yes
ResearchPepperstoneOANDA
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes Yes
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs Yes Yes
Economic Calendar Yes Yes
EducationPepperstoneOANDA
Has 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 PairsPepperstoneOANDA
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 Pepperstone Review OANDA Review
OverallPepperstoneOANDA
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4.5/5 Stars
Research 4.5/5 Stars 4.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score 93 92
Winner check_circle
Review Pepperstone Review OANDA Review
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Pepperstone vs OANDA Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Pepperstone vs OANDA.

Does Pepperstone or OANDA offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Pepperstone offers better pricing overall for traders.

Is Pepperstone or OANDA safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. OANDA holds 6 global Tier-1 licenses, while Pepperstone holds 2. Pepperstone holds 2 global Tier-2 licenses, while OANDA holds 0. In our analysis of 23 international regulators across 50 brokers, Pepperstone earned a higher Trust Score than OANDA.

Which trading platform is better: Pepperstone or OANDA?

To compare the trading platforms of both Pepperstone and OANDA, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, OANDA offers a better experience. With research, OANDA offers superior market research. Finally, we found OANDA to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both Pepperstone and OANDA offer MetaTrader 4 (MT4).Pepperstone and OANDA both offer copy trading.

How many forex pairs and CFDs are available to trade?

OANDA provides traders 71 currency pairs (e.g., EUR/USD) compared to Pepperstone's 62 available pairs. Forex pairs aside, Pepperstone offers traders access to 2342 CFDs while OANDA has 124 available CFDs, a difference of 2218.

Can I trust Pepperstone?

Pepperstone is not publicly traded and does not operate a bank. Pepperstone is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulators (low trust). Pepperstone is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Pepperstone is authorised by the following tier-2 regulators: Dubai Financial Services Authority (DFSA) and the Cyprus Securities and Exchange Commission (CySEC).

Can I trust OANDA?

OANDA is not publicly traded and does not operate a bank. OANDA is authorised by six tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulators (low trust). OANDA is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).

Is Pepperstone good?

Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.

Is OANDA good?

A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.

Overall winner: Pepperstone

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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