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 OANDA 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 OANDA'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. OANDA and Pepperstone both are regulated in a major hub. Neither OANDA and Pepperstone are publicly traded companies. How many currency pairs are available to trade? OANDA boasts an offering of 71 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. OANDA 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 OANDA and Pepperstone provide clients with access to 31 total charting tools. Both OANDA and Pepperstone provide clients with access to 51 total indicators (eg, moving averages).
Overall, both OANDA and Pepperstone are rated 4.00 stars. And, when it comes to individual category awards, Pepperstone finished with awards Best in Class - Customer Service and Best in Class - Active Trading in 2018, while OANDA came up with none of these.