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 and Trading 212 are two prominent online brokers, each offering unique strengths in the trading world. Established in 2010, Pepperstone has quickly built a reputation as a highly trusted platform with a Trust Score of 95 according to ForexBrokers.com. This score reflects Pepperstone's strong regulatory standing, supported by three Tier-1 licenses and two Tier-2 licenses, which signify highly trusted and trusted categories respectively. In comparison, Trading 212, founded earlier in 2004, holds a Trust Score of 80 and also possesses three Tier-1 licenses but lacks any Tier-2 licenses, indicating a slightly less extensive regulatory backing.
Neither Pepperstone nor Trading 212 is publicly traded or operates as a bank, yet both are committed to providing secure and reliable trading services. Pepperstone's high trust score and multiple regulatory licenses suggest a more robust oversight compared to Trading 212. However, Trading 212 still maintains a strong level of trustworthiness with its Tier-1 licenses. This makes both brokers appealing choices for online traders depending on individual preferences for regulatory assurances and trust levels.
| 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 generally offers lower trading costs than Trading 212 for forex and CFDs. On its Razor account, Pepperstone’s average all-in cost for EUR/USD is about 0.80 pips (0.10-pip spread plus a 0.70-pip commission equivalent, July 2024), which is close to the industry average. Trading 212, by contrast, published an average EUR/USD spread of 2.7 pips in April 2025, which is notably higher. Result: Pepperstone is rated 4.5/5 stars for Commissions and Fees and ranks #11 of 63 brokers at ForexBrokers.com, while Trading 212 is rated 4/5 stars and ranks #50 of 63.
Pepperstone’s pricing depends on the account. The Razor account uses commission-based pricing and is available on TradingView, MT4/MT5, and cTrader. The Standard account is commission-free but has a higher 1.1-pip average spread on EUR/USD (July 2024), making it pricier than Razor’s 0.80-pip all-in cost. High-volume traders can cut costs further with Pepperstone’s Active Trader program: in the UK/EU, Professional clients trading at least £20 million per month may get a 15% spread rebate per lot, scaling up to 25% beyond £200 million; in Australia, Professional clients can qualify for spread reductions from 10% (Tier One) to 30% (Tier Three) based on monthly lot thresholds.
Trading 212 markets zero-commission trading on its CFD account, but you still pay the spread—and its published average for EUR/USD was 2.7 pips in April 2025. That’s meaningfully higher than many leading brokers and helps explain its lower ranking in this category. While it’s positive that Trading 212 now discloses average spread data, traders focused on tight pricing may find Pepperstone’s Razor account more cost-effective for frequent forex and CFD trading.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Minimum Deposit | $0 | €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 | Yes |
| Skrill (Deposit/Withdraw) | No | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone vs Trading 212: both let you trade forex via CFDs or spot contracts and both support cryptocurrency CFDs (neither lets you buy actual crypto). Where they differ most is breadth. Trading 212 offers 7,868 tradeable symbols and 146 forex pairs, plus access to exchange-traded stocks on U.S. and international exchanges. Pepperstone lists 1,726 symbols and 65 forex pairs, and it does not offer exchange-traded shares on U.S. or overseas markets.
Feature-wise, Pepperstone includes copy trading, while Trading 212 does not. For Range of Investments, ForexBrokers.com rates Pepperstone 4/5 stars (ranked #27 of 63) and Trading 212 5/5 stars (ranked #16 of 63). If you want the widest mix of markets and stock investing, Trading 212 is the stronger fit; if copy trading matters to you and you’re focused on CFDs and forex, Pepperstone is worth a look.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 7868 |
| Forex Pairs (Total) | 65 | 146 |
| U.S. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | 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.
Pepperstone and Trading 212 both offer free demo (paper) accounts, have their own proprietary platforms, provide web-based trading, and let you place trades directly from charts. Each earns 4 out of 5 stars for Trading Platforms and Tools. In ForexBrokers.com’s rankings of 63 brokers for this category, Trading 212 is #20 and Pepperstone is #22, showing they’re closely matched overall.
The big differences are in platform choice. Pepperstone provides a Windows desktop platform, supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and includes copy trading. Trading 212 does not offer a Windows desktop download, MT4 or MT5, or copy trading—it focuses on its own in-house platform and browser access. Choose Pepperstone if you want MetaTrader and copy trading, or Trading 212 if you prefer a simple, proprietary web platform without installing software.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| 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 | 54 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Trading 212 both deliver complete mobile trading apps for iPhone and Android. Each app supports price alerts and watchlist syncing, so changes you make on your phone match your online account. Both platforms let you draw trendlines on charts, and your drawings are saved automatically, making it easy to pick up where you left off across devices.
For charting depth, Trading 212 offers 104 technical studies versus 30 on Pepperstone, which may appeal if you lean on built-in indicators. In overall quality, both earn 4 out of 5 stars for Mobile Trading Apps, though Trading 212 ranks higher at #17 out of 63 brokers on ForexBrokers.com, compared with Pepperstone at #21. If you want more indicators out of the box, Trading 212 has the edge; if your needs are simpler, Pepperstone still covers the essentials.
| 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 vs Trading 212 research: Pepperstone stands out for offering daily market commentary, while Trading 212 does not. Both brokers stream forex news from leading sources like Bloomberg, Reuters, or Dow Jones and include an economic calendar and a sentiment tool showing long/short positioning. Pepperstone adds Autochartist for technical and fundamental ideas, which Trading 212 lacks. Neither broker provides Trading Central, TipRanks, or Acuity Trading tools.
On performance, Pepperstone earns 4.5/5 stars for Research and ranks #12 out of 63 brokers at ForexBrokers.com. Trading 212 scores 3.5/5 stars and ranks #45. If you want daily insights and extra analytics from Autochartist, Pepperstone is the stronger pick. If you only need core features like news, a calendar, and sentiment, Trading 212 covers the basics.
| 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.
Comparing Pepperstone vs Trading 212 for beginner education: both brokers offer plenty of video lessons, with at least 10 beginner videos and 10 advanced videos that explain key trading topics in plain language. Pepperstone also runs online client webinars at least once a month, giving newcomers a chance to learn live and ask questions, while Trading 212 does not provide monthly educational webinars.
Independent ratings favor Pepperstone: it earns 4.5/5 stars for Education and ranks 17th out of 63 brokers on ForexBrokers.com, whereas Trading 212 scores 3.5/5 stars and ranks 21st. If you want interactive learning with recurring webinars and higher-rated education, Pepperstone has the edge. If you prefer self‑paced video lessons without live sessions, Trading 212 still offers a helpful path for beginners.
| 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 #16, while Trading 212 finished with an overall rank of #31.
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 | 95 | 80 |
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In a Pepperstone vs Trading 212 comparison, neither broker allows you to buy actual (delivered) cryptocurrency, but both offer trading in cryptocurrency CFDs.
Pepperstone vs Trading 212: both brokers support ACH/SEPA transfers, PayPal, and bank wire deposits/withdrawals, 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 | 95 | 80 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Trading 212 Review |
| Broker Screenshots | Pepperstone | Trading 212 | |
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| Regulation | Pepperstone | Trading 212 | |
|---|---|---|---|
| Trust Score | 95 | 80 | |
| 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 SCA 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 | 7868 | |
| Forex Pairs (Total) | 65 | 146 | |
| U.S. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | 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 | 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 | $0 | €1 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| 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 | Yes | |
| 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 | 54 | |
| 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 | 95 | 80 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Trading 212 Review |
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