Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs Trading 212, 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.
Pepperstone (founded 2010) and Trading 212 (founded 2004) are online brokers; neither is publicly traded or a bank. On ForexBrokers.com’s Trust Score scale, 90–99 = highly trusted, 80–89 = trusted, 70–79 = average risk, 60–69 = high risk, and under 59 = not trusted.
Regulation: each holds three Tier-1 licenses (considered highly trusted by ForexBrokers.com). Pepperstone also holds two Tier-2 licenses (trusted), while Trading 212 holds none. Pepperstone’s Trust Score is 94 (highly trusted); Trading 212’s is 82 (trusted).
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Year Founded | 2010 | 2004 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 3 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
Pepperstone is the stronger choice for commissions and fees, especially for active traders who use its Razor account. The Razor account uses commission-based pricing, and Pepperstone reported an average EUR/USD spread of 0.10 pips in July 2024, which works out to about 0.80 pips once the commission is included. Its Standard account is commission-free, but the average EUR/USD spread of 1.1 pips makes it the pricier option overall. Pepperstone earns a 5-star rating and ranks #6 out of 36 brokers for commissions and fees.
Trading 212 also advertises zero-commission trading on its CFD account, but traders still pay the spread, which can make a big difference in total cost. In April 2025, Trading 212’s average EUR/USD spread was 2.7 pips, a level that sits well above the industry average. That means its pricing is less competitive than Pepperstone’s for forex and CFD traders. Trading 212 is rated 4 stars and ranks #28 out of 36 brokers for commissions and fees.
In simple terms, Pepperstone offers lower overall trading costs than Trading 212, particularly if you trade often or qualify for its Active Trader discounts. Trading 212 may appeal to those looking for a no-commission message, but its wider spreads can make it more expensive in practice.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Minimum Deposit | $10 | €1 |
| Average spread (EUR/USD) - Standard account | 1.1 | 2.7 |
| All-in Cost EUR/USD - Active | 0.8 | 2.7 |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and Trading 212 both let you trade forex as CFDs or spot contracts, and both offer cryptocurrency CFDs. Where they differ is in the size and type of markets you can access. Pepperstone lists 1,726 tradeable symbols and 65 forex pairs, while Trading 212 offers a much wider choice with 13,000 symbols and 180 forex pairs. Trading 212 also stands out for letting clients buy real, exchange-traded shares on U.S. and international exchanges, as well as actual cryptocurrency. Pepperstone does not offer direct share dealing or spot crypto buying, but it does support copy trading, which Trading 212 does not.
For range of investments, Trading 212 comes out ahead with a 5-star rating and a ForexBrokers.com ranking of 15th out of 36 brokers, compared with Pepperstone’s 4-star rating and 23rd-place ranking. In simple terms, if you want the broader choice of markets and the ability to buy real stocks and crypto, Trading 212 has the edge. If copy trading matters more to you, Pepperstone may be the better fit.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 13000 |
| Forex Pairs (Total) | 65 | 180 |
| U.S. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | Yes |
| 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.
Pepperstone and Trading 212 both give traders a free demo account and a web-based platform, and both let you trade directly from a chart. Each also earns 4 out of 5 stars for Trading Platforms and Tools, so both are solid choices for everyday use. That said, Pepperstone offers more platform options overall, including its own in-house platform, a Windows desktop download, MetaTrader 4, MetaTrader 5, and copy trading. Trading 212, by contrast, keeps things simpler and does not offer a proprietary desktop platform, MT4, MT5, or copy trading.
For traders who want more ways to access markets and more advanced platform choices, Pepperstone has the edge. Trading 212 still stands out for its easy browser platform and chart trading, and it ranks slightly higher in this category with ForexBrokers.com, placing #19 out of 36 brokers versus Pepperstone’s #21. In short, Pepperstone is the better fit for those who want more trading tools, while Trading 212 may appeal to users who prefer a more streamlined experience.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 15 | 102 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Trading 212 both offer mobile trading apps for iPhone and Android, so either broker gives you a way to trade and track markets on the go. Each app also includes price alerts, watchlist syncing between the mobile app and online account, trendline drawing on charts, and auto-saving for chart drawings. In short, both platforms cover the main mobile trading needs that most everyday users look for.
The biggest difference is in charting tools. Pepperstone’s mobile app includes 30 technical studies, while Trading 212 offers 104, giving Trading 212 the edge for traders who want more chart indicators on mobile. Still, both brokers earn a 4-star rating for mobile trading apps. In ForexBrokers.com’s ranking of 36 brokers, Pepperstone places #19 and Trading 212 ranks slightly higher at #17, making Trading 212 the stronger pick overall for mobile trading apps.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 104 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone has the edge over Trading 212 for market research thanks to its daily market commentary, Autochartist tools, and a stronger overall research score. Both brokers provide forex news from major sources like Bloomberg, Reuters, and Dow Jones, along with sentiment tools and an economic calendar that helps traders track key global events. That means both platforms give users useful market updates, but Pepperstone adds more built-in analysis support for traders who want extra guidance.
In independent research ratings, Pepperstone is also ahead, earning 4.5 out of 5 stars and placing #13 out of 36 brokers for Research, compared with Trading 212’s 3.5 stars and #33 ranking. In simple terms, Trading 212 covers the basics well, but Pepperstone offers a wider set of market research features and a more helpful research experience overall.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| 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.
Pepperstone and Trading 212 both give beginners plenty of learning content, including at least 10 beginner videos and 10 advanced videos on trading topics. However, Pepperstone goes further with forex and CFDs education, regular online client webinars at least once a month, and a stronger overall Education score of 4.5 out of 5. It is also ranked #15 out of 36 brokers by ForexBrokers.com for education, which suggests a more complete learning setup for new traders.
Trading 212 also offers forex or CFDs learning materials and a solid range of beginner and advanced videos, but it does not run monthly educational webinars. Its Education rating is 3.5 out of 5, and it ranks #20 out of 36 for education. For beginners who want more live learning support and a slightly stronger educational experience, Pepperstone has the edge, while Trading 212 still provides a useful starting point.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Webinars | Yes | No |
| 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 Pepperstone is better than Trading 212. Pepperstone finished with an overall rank of #17, while Trading 212 finished with an overall rank of #25.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Overall Rating |
|
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| Trust Score | 94 | 82 |
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Pepperstone vs Trading 212: Pepperstone does not offer buying actual (delivered) cryptocurrency but does support cryptocurrency CFDs, while Trading 212 provides both real crypto purchases and crypto CFD trading.
Pepperstone vs Trading 212: both brokers support ACH/SEPA transfers and bank wire deposits/withdrawals, Pepperstone additionally accepts PayPal (Trading 212 does not), neither supports Skrill, and Visa/Mastercard availability is not specified.
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 | Pepperstone | Trading 212 | |
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| Trust Score | 94 | 82 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Trading 212 Review |
| Broker Screenshots | Pepperstone | Trading 212 | |
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| Regulation | Pepperstone | Trading 212 | |
|---|---|---|---|
| Trust Score | 94 | 82 | |
| Year Founded | 2010 | 2004 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 3 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | Trading 212 | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | 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) | Pepperstone | Trading 212 | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Pepperstone | Trading 212 | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 13000 | |
| Forex Pairs (Total) | 65 | 180 | |
| U.S. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | Yes | |
| 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 | Pepperstone | Trading 212 | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.1 | 2.7 | |
| All-in Cost EUR/USD - Active | 0.8 | 2.7 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Trading 212 | |
|---|---|---|---|
| Minimum Deposit | $10 | €1 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | Pepperstone | Trading 212 | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No |
| Trading Tools | Pepperstone | Trading 212 | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 102 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | Trading 212 | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 104 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Pepperstone | Trading 212 | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Trading 212 | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Pepperstone | Trading 212 | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Pepperstone Review | Trading 212 Review |
| Overall | Pepperstone | Trading 212 | |
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| Trust Score | 94 | 82 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Trading 212 Review |
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