Written by ForexBrokers.com
In this head to head comparison of OANDA 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.
Comparing online brokers OANDA and Pepperstone: OANDA was founded in 1996, while Pepperstone began in 2010. Neither company is publicly traded or a bank. According to ForexBrokers.com, Pepperstone holds a Trust Score of 94/99 and OANDA scores 92/99—both fall in the highly trusted range (90–99).
Regulatory coverage differs: OANDA holds 7 Tier-1 licenses (considered highly trusted by ForexBrokers.com), while Pepperstone holds 3 Tier-1 licenses. Pepperstone also has 2 Tier-2 licenses (considered trusted), whereas OANDA has none. These license totals show where each broker is authorized and supervised by leading regulators.
| Feature |
OANDA
|
Pepperstone
|
|---|---|---|
| Year Founded | 1996 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 3 |
| Tier-2 Licenses | 0 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When it comes to commissions and fees, Pepperstone comes out ahead of OANDA for most traders. Pepperstone earns a 5-star rating and ranks #6 out of 36 brokers for commissions and fees, while OANDA receives 4 stars and ranks #31 out of 36. In simple terms, Pepperstone’s Razor account is usually the cheaper choice for active forex traders, while OANDA tends to have higher overall trading costs.
OANDA’s pricing is typically more expensive, with EUR/USD spreads that can be relatively wide on its default account. Its core pricing can lower spreads, but it adds a commission, and the final all-in cost is only slightly better than the standard setup. OANDA does offer some useful features, such as very small minimum trade sizes and rebates for high-volume traders, but its fees are not as competitive as the best brokers.
Pepperstone offers better value overall, especially on its commission-based Razor account, where the all-in EUR/USD cost is lower than OANDA’s. Its Standard account is simpler because it does not charge commission, but the spreads are higher than Razor. For traders who want lower fees and stronger pricing for active trading, Pepperstone is the better pick. For those who care more about flexible trade sizing and execution features, OANDA may still appeal, but it is usually the pricier option.
| Feature |
OANDA
|
Pepperstone
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average spread (EUR/USD) - Standard account | 1.68 | 1.1 |
| All-in Cost EUR/USD - Active | 1.69 | 0.8 |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, OANDA offers a wider selection than Pepperstone overall. Both brokers support forex trading, including CFDs or spot contracts, and both provide copy trading and cryptocurrency CFDs. OANDA also stands out for its larger menu of tradeable symbols, with 4,172 compared with Pepperstone’s 1,726, and it offers slightly more forex pairs as well, with 69 versus 65.
OANDA also gives traders access to exchange-traded securities on both U.S. and international exchanges, so clients can buy real shares rather than only CFDs. In addition, OANDA lets users buy actual cryptocurrency, while Pepperstone does not. Reflecting this broader lineup, OANDA is rated 4.5 out of 5 for Range of Investments and ranks #20 out of 36 brokers at ForexBrokers.com, compared with Pepperstone’s 4 out of 5 rating and #23 ranking.
| Feature |
OANDA
|
Pepperstone
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 1726 |
| Forex Pairs (Total) | 69 | 65 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | 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.
OANDA and Pepperstone both give traders a wide set of platform choices, making either broker a solid fit for beginners and more active traders. Each offers a free demo account for paper trading, plus both their own in-house platform and the popular MetaTrader 4 and MetaTrader 5 options. You can also use either broker on desktop, in a web browser, or through copy trading tools, and both let you place trades directly from a chart.
When it comes to trading platforms and tools, OANDA and Pepperstone are closely matched, and each earns 4 out of 5 stars from ForexBrokers.com. OANDA is ranked #16 out of 36 brokers in this category, while Pepperstone sits at #21, giving OANDA a slight edge overall. If you want a broker with flexible platform access and useful chart-based trading features, both are competitive choices.
| Feature |
OANDA
|
Pepperstone
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 89 | 15 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and Pepperstone both offer mobile trading apps for iPhone and Android, along with price alerts for stocks or forex. Each app also includes 30 technical studies for charting, plus useful drawing tools like trendlines that automatically save. In day-to-day use, that means both brokers give mobile traders the basics they need to track markets and manage charts while on the go.
The biggest difference is watchlist syncing. Pepperstone lets watchlists sync between the mobile app and your online account, so changes show up across devices, while OANDA does not. OANDA also comes out ahead in overall mobile app quality, with a 5-star rating and a #7 ranking out of 36 brokers from ForexBrokers.com, compared with Pepperstone’s 4-star rating and #19 ranking. For traders who want the stronger overall mobile experience, OANDA has the edge, while Pepperstone may appeal to users who value watchlist syncing.
| Feature |
OANDA
|
Pepperstone
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
OANDA and Pepperstone both give traders a solid set of market research tools. Each broker provides daily market commentary, news from top sources like Bloomberg, Reuters, and Dow Jones, Autochartist tools, sentiment data that shows long and short positioning, and an economic calendar for tracking major global events. Neither broker includes Trading Central, TipRanks, or Acuity Trading research tools, so their research offerings are quite similar in many key areas.
That said, OANDA has the edge overall for research. It earns a 5-star rating and ranks #4 out of 36 brokers for the Research category on ForexBrokers.com, while Pepperstone scores 4.5 stars and ranks #13. For traders who want a slightly stronger research experience, OANDA comes out ahead, even though Pepperstone still offers a well-rounded range of market research features.
| Feature |
OANDA
|
Pepperstone
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing OANDA and Pepperstone for beginner education, both brokers give new traders plenty to work with. Each offers forex and CFD learning content with at least 10 educational pieces, plus online client webinars held at least once a month. They also both provide at least 10 beginner videos and at least 10 advanced videos, so traders can start with the basics and keep learning as their skills grow.
In terms of ratings, OANDA has the edge with a 5-star Education score, while Pepperstone is close behind at 4.5 stars. That said, Pepperstone places slightly higher in ForexBrokers.com’s Education ranking, coming in at #15 out of 36 brokers compared with OANDA at #18. For beginners, both are solid choices, but OANDA stands out a little more for education quality, while Pepperstone shows a slightly stronger overall rank.
| Feature |
OANDA
|
Pepperstone
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than Pepperstone. OANDA finished with an overall rank of #13, while Pepperstone finished with an overall rank of #17.
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.
| Feature |
OANDA
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Pepperstone
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| Trust Score | 92 | 94 |
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In the OANDA vs Pepperstone comparison, OANDA lets you buy actual (delivered) cryptocurrencies and trade crypto CFDs, while Pepperstone offers only cryptocurrency CFDs and does not support purchasing real, delivered crypto.
In this deposit and withdrawal methods comparison of online brokers OANDA and Pepperstone, both support ACH/SEPA transfers, PayPal, and bank wires; only OANDA offers Skrill, and Visa/Mastercard availability is not specified for either.
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 | OANDA | Pepperstone | |
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| Trust Score | 92 | 94 | |
| Winner | check_circle | ||
| Review | OANDA Review | Pepperstone Review |
| Broker Screenshots | OANDA | Pepperstone | |
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| Regulation | OANDA | Pepperstone | |
|---|---|---|---|
| Trust Score | 92 | 94 | |
| Year Founded | 1996 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 3 | |
| Tier-2 Licenses | 0 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Pepperstone | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | OANDA | Pepperstone | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | OANDA | Pepperstone | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 1726 | |
| Forex Pairs (Total) | 69 | 65 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | 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 | OANDA | Pepperstone | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.68 | 1.1 | |
| All-in Cost EUR/USD - Active | 1.69 | 0.8 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | OANDA | Pepperstone | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | OANDA | Pepperstone | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | Yes |
| Trading Tools | OANDA | Pepperstone | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 89 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | Pepperstone | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | OANDA | Pepperstone | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Pepperstone | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | OANDA | Pepperstone | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | OANDA Review | Pepperstone Review |
| Overall | OANDA | Pepperstone | |
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| Trust Score | 92 | 94 | |
| Winner | check_circle | ||
| Review | OANDA Review | Pepperstone Review |
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