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 comes out ahead of Trading 212 for commissions and fees, especially for active forex traders. Pepperstone earns a 5-star rating and ranks #5 out of 36 brokers for this category. Its Razor account uses commission-based pricing and can offer very competitive all-in costs, with an average EUR/USD spread of 0.10 pips plus a 0.70 pip commission equivalent, for a total of about 0.80 pips. Its Standard account is commission-free, but the average EUR/USD spread of 1.1 pips is higher than the Razor account once commissions are included. Pepperstone also offers an Active Trader program that can reduce costs further for high-volume clients.
Trading 212 receives a 4-star rating and ranks #28 out of 36 brokers for commissions and fees. Its CFD account advertises zero commission, but traders still pay the spread, which is where costs can add up. As of April 2025, Trading 212’s average EUR/USD spread was 2.7 pips, which is much higher than Pepperstone’s pricing and above the industry average. That makes Trading 212 less attractive for traders who want lower trading costs, especially in forex and CFD markets.
In simple terms, Pepperstone is usually the cheaper choice for most active traders, while Trading 212 may appeal to those mainly looking for commission-free pricing. If low spreads and better overall value are your priority, Pepperstone has the edge.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Minimum Deposit | $10 | €1 |
| Average spread (EUR/USD) - Spread-only account | 1.1 | 2.7 |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 2.7 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | 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, and both also offer cryptocurrency trading in two forms: you can buy actual crypto as well as crypto CFDs. Where they differ is in the size and type of markets available. Pepperstone offers 2,631 tradeable symbols and 65 forex pairs, plus copy trading. Trading 212 has a much larger menu, with 13,000 tradeable symbols and 180 forex pairs, and it also gives access to exchange-traded securities on both U.S. and international stock exchanges, such as Apple and Vodafone shares.
For range of investments, Trading 212 comes out ahead overall, with a 5-star rating and a ForexBrokers.com ranking of #14 out of 36 brokers. Pepperstone is rated 4 stars and ranks #23 out of 36. If you want a wider choice of shares and more total instruments, Trading 212 is the stronger pick; if copy trading matters to you, Pepperstone has the edge there.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2631 | 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) | Yes | 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) | 90 | 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 and Trading 212 both give traders access to useful market research features, including forex news from top sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar and a sentiment tool that shows long and short position ratios across instruments. Neither broker offers research from Autochartist, Trading Central, TipRanks, or Acuity Trading. The main difference is that Pepperstone also provides daily market commentary, while Trading 212 does not, which may make Pepperstone more helpful for traders who want a bit more day-to-day insight.
That extra coverage is reflected in independent ratings and rankings too. Pepperstone scores 4.5 out of 5 for Research and is ranked #13 out of 36 brokers by ForexBrokers.com, compared with Trading 212’s 3.5 out of 5 and #31 ranking. For traders comparing online brokers for market research, Pepperstone has the edge overall, especially if daily commentary is important.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | 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 gives beginners more ways to learn, especially if they want help with forex and CFD trading. It offers at least 10 education pieces focused on forex or CFDs, monthly client webinars, and plenty of beginner and advanced videos. That depth is reflected in its 4.5-star Education rating and its #15 ranking out of 36 brokers for education.
Trading 212 also provides beginner and advanced trading videos, and it has forex or CFD education content, but it falls behind Pepperstone on live learning support because it does not offer monthly educational webinars. Its Education rating is 3.5 stars, and it ranks #23 out of 36 brokers, making it a decent choice for self-study but less comprehensive for beginners who want more guided learning.
| 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 and Trading 212 both let you buy actual, delivered cryptocurrency as well as trade cryptocurrency CFDs, making each broker suitable for investors looking for direct crypto ownership or leveraged crypto trading.
Pepperstone offers more flexible funding and withdrawal options than Trading 212, supporting ACH or SEPA transfers, PayPal, Skrill, and bank wires, while Trading 212 only offers bank wires and does not support PayPal or Skrill.
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) | 2631 | 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) | Yes | 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) - Spread-only account | 1.1 | 2.7 | |
| All-in Cost EUR/USD - Raw spread account | 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) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | 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) | 90 | 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 | No | 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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