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.
When comparing online brokers OANDA and Pepperstone, both show strong regulatory credentials, though there are some differences. Established in 1996, OANDA is one of the older players in the field, and holds an impressive seven Tier-1 licenses, a testament to its highly trusted status in the financial world. Supported by a Trust Score of 93 according to ForexBrokers.com, OANDA is not publicly traded nor operates as a bank, which is similar to its competitor.
Pepperstone, founded in 2010, demonstrates its reliability with three Tier-1 licenses. Despite having fewer Tier-1 licenses than OANDA, Pepperstone balances this with two Tier-2 licenses, enhancing its reputation as a trusted broker. Pepperstone edges slightly ahead in overall trustworthiness with a ForexBrokers.com Trust Score of 95. Like OANDA, Pepperstone is neither publicly traded nor a bank, making both brokers comparable in terms of corporate structure.
| 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 |
If you’re choosing based on trading costs, Pepperstone generally comes out cheaper than OANDA. On EUR/USD, Pepperstone’s Razor account averages about 0.80 pips all-in (0.10 pips spread plus a commission equivalent of 0.70 pips), while OANDA’s typical costs are higher. For commissions and fees, Pepperstone earns 4.5/5 stars and ranks #11 out of 63 brokers at ForexBrokers.com; OANDA earns 4/5 stars and ranks #35 out of 63.
OANDA’s pricing leans higher versus top competitors. Its average non-core spread on EUR/USD was 1.61 pips in July 2024. The optional Core Pricing account lowers the spread but adds a commission of $5 per side per $100,000 traded (about $10 per round turn), requires a $10,000 minimum deposit, and can bring the effective EUR/USD cost to roughly 1.4 pips in the example provided—slightly below its default 1.6 pips. OANDA supports micro-position sizing down to a single unit and offers Elite Trader rebates of $5–$17 per million for high-volume traders. It also publishes trailing average spreads, though not fixed-period averages, which can make side-by-side comparisons trickier.
Pepperstone’s value is strongest with the Razor account, where the 0.10-pip average EUR/USD spread plus commission produces about 0.80 pips all-in, near the industry average. The Standard account is commission-free but pricier at an average 1.1 pips on EUR/USD, making Razor the better choice for most cost-focused traders. Active Trader rebates can further reduce costs, with tiered programs in the U.K./EU and Australia that return a portion of the spread to high-volume clients.
| Feature |
OANDA
|
Pepperstone
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Standard account | 1.69 | 1.00 |
| All-in Cost EUR/USD - Active | 1.69 | 0.70 |
| 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.
Comparing OANDA vs Pepperstone for range of investments, OANDA lists 4,172 tradeable symbols to Pepperstone’s 1,726, and 69 forex pairs versus Pepperstone’s 65. Both brokers support forex trading as CFDs or spot contracts, and each offers copy trading options.
Asset coverage differs in key ways: OANDA lets clients buy exchange-traded securities on U.S. and international exchanges (not CFDs), while Pepperstone does not. OANDA also supports buying actual cryptocurrency in addition to crypto CFDs; Pepperstone offers only crypto CFDs. Both earn 4 out of 5 stars for Range of Investments; in ForexBrokers.com’s rankings out of 63 brokers, Pepperstone is #27 and OANDA is #28.
| 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.
Comparing online brokers OANDA and Pepperstone for trading platforms and tools, both check the same key boxes. Each offers a free demo account for paper trading, a proprietary platform, a Windows desktop download, and a web-based platform. They also support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), include copy trading, and let you place trades directly from charts.
According to ForexBrokers.com, both brokers earn 4 stars for Trading Platforms and Tools, with OANDA ranked #15 out of 63 brokers and Pepperstone at #22. The exact number of built-in technical indicators and the number of watchlist columns aren’t specified here. If you need MT4/MT5, chart trading, or a demo account, either broker fits; OANDA’s slightly higher ranking may appeal to traders who weigh third-party reviews more heavily.
| 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 vs Pepperstone mobile app comparison: both brokers offer iPhone and Android apps with price alerts, 30 technical studies for charting, the ability to draw trendlines, and automatic saving of your drawings. Whether you trade forex on the go or like to review charts on your phone, each app covers the essentials for analysis and alerts.
The key difference is watchlists: Pepperstone syncs watchlist symbols across mobile and web, while OANDA does not. In overall quality, OANDA earns 5 stars and ranks #7 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, compared with Pepperstone’s 4 stars and #21 ranking. Choose Pepperstone if cross-device watchlist syncing matters most; pick OANDA if you want the higher-rated mobile trading experience.
| 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.
Comparing OANDA vs Pepperstone for market research, OANDA takes a slight edge. OANDA earns 5 stars and ranks #4 out of 63 brokers for Research on ForexBrokers.com, while Pepperstone scores 4.5 stars and ranks #12. If research quality and third-party validation matter to you, OANDA comes out ahead, though both brokers deliver a strong set of tools for forex and CFD traders.
Both OANDA and Pepperstone offer daily market commentary, real-time forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, and technical tools from Autochartist. Neither broker includes Trading Central, TipRanks, or Acuity Trading tools. Each provides a sentiment-based trading gauge showing long vs. short positions, plus a clear economic calendar for global events. If you want the highest-rated research experience, OANDA is the pick; if you’re already with Pepperstone, you’ll still get similar features and timely market insight.
| 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.
In the OANDA vs Pepperstone comparison for beginner education, both brokers make it easy to start learning forex and CFDs. Each hosts educational webinars at least once a month and offers at least 10 beginner-focused videos, along with 10 or more videos for advanced topics. That combination lets newcomers build a foundation and continue developing skills over time.
When it comes to ratings, OANDA earns 5 stars for Education, while Pepperstone scores 4.5 stars. In the Education category across 63 brokers, ForexBrokers.com ranks Pepperstone at #17 and OANDA at #19. Bottom line: both deliver strong learning support—OANDA holds the higher star score, while Pepperstone sits slightly higher in the category ranking—so your choice may come down to which video style and webinar cadence you prefer.
| 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 #12, while Pepperstone finished with an overall rank of #16.
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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 95 |
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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 | 93 | 95 | |
| Winner | check_circle | ||
| Review | OANDA Review | Pepperstone Review |
| Broker Screenshots | OANDA | Pepperstone | |
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| Regulation | OANDA | Pepperstone | |
|---|---|---|---|
| Trust Score | 93 | 95 | |
| 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 (SFC 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 SCA 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 | 1.69 | 1.00 | |
| All-in Cost EUR/USD - Active | 1.69 | 0.70 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | OANDA | Pepperstone | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| 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 | 93 | 95 | |
| Winner | check_circle | ||
| Review | OANDA Review | Pepperstone Review |
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