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 tends to be cheaper than Trading 212 for spreads and overall trading costs. On Pepperstone’s Razor account, the average EUR/USD spread was 0.10 pips (July 2024); after adding the commission (about 0.70 pips), the all‑in cost comes to roughly 0.80 pips, which is close to the industry average. Trading 212 markets zero‑commission CFD and forex trading, but its average EUR/USD spread in April 2025 was 2.7 pips—well above the industry average and higher than Pepperstone’s typical all‑in price. Ratings: Pepperstone 4.5/5 stars, ranked #6 of 63; Trading 212 4/5 stars, ranked #27 of 63 for Commissions and Fees.
Pepperstone’s Razor account (available on TradingView, MetaTrader 4/5, and cTrader) uses a commission‑based model alongside tight spreads, while its Standard account is commission‑free but has a higher average EUR/USD spread of 1.1 pips (July 2024), making it more expensive than Razor’s 0.80‑pip all‑in cost. High‑volume and professional clients can reduce costs further via the Active Trader program: UK/EU pros get spread rebates starting at 15% per lot for £20M+ monthly forex volume and up to 25% for £200M+; in Australia, discounts range from 10% to 30% per standard lot based on tiered volume (from 100 lots over three months to 3001+ lots monthly).
Trading 212’s CFD pricing is spread‑only—there’s no separate commission—so what you pay is built into the quote. With a reported 2.7‑pip average spread on EUR/USD (April 2025), it trails Pepperstone on raw pricing, though some traders may prefer its simple, commission‑free structure. If keeping spreads low is your priority, Pepperstone’s Razor (especially with Active Trader rebates) is generally the better value; if you want an easy, commission‑free setup and accept wider spreads, Trading 212 fits that bill.
| 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: when it comes to the range of investments, Trading 212 offers far more markets. You’ll find 7,868 tradeable symbols at Trading 212 versus 1,726 at Pepperstone, plus 146 forex pairs compared with Pepperstone’s 65. Both brokers support forex trading (CFD/spot) and both let you trade cryptocurrency via CFDs, but neither lets you buy actual crypto.
If you want to buy real shares, Trading 212 lets you trade exchange‑listed stocks on both U.S. and international markets, while Pepperstone focuses on derivatives and doesn’t offer exchange‑traded shares. Pepperstone does provide copy trading, which Trading 212 doesn’t. For Range of Investments, Trading 212 earns 5 stars and ranks 15th out of 63 brokers, while Pepperstone scores 4 stars and ranks 23rd.
| 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 deliver user-friendly trading platforms and tools. Each offers a free demo (paper) account, a proprietary platform, a web-based platform, and the ability to place trades directly from charts. For Trading Platforms and Tools, both earned 4 stars, with Trading 212 ranked #19 and Pepperstone #21 out of 63 brokers by ForexBrokers.com. Specific counts for built-in indicators and watchlist columns were not provided.
The key differences come down to software choices and features. Pepperstone supports a Windows desktop download and offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with copy trading. Trading 212 does not provide a Windows desktop download, MT4 or MT5, or copy trading, but it does have its own in-house web platform. If you want MT4/MT5, copy trading, or a Windows app, Pepperstone may suit you. If you prefer a streamlined, browser-first experience and value a slightly higher category ranking, Trading 212 is a solid pick.
| 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 offer mobile trading apps for iPhone and Android. Each app supports watchlist syncing with your online account, so changes carry over between devices. You can set stock and forex price alerts on both, draw trendlines on charts, and your drawings auto-save for the next session.
For charting tools, Pepperstone includes 30 technical studies, while Trading 212 offers 104, giving more indicator choices. Both apps are rated 4 out of 5 stars. In ForexBrokers.com’s Mobile Trading Apps category, Trading 212 ranks #17 out of 63 brokers, while Pepperstone ranks #19, making Trading 212 a slight favorite for mobile charting depth, with Pepperstone still delivering a strong, well-rated experience.
| 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.
Comparing Pepperstone vs Trading 212 for market research, Pepperstone offers daily market commentary while Trading 212 does not. Both brokers deliver forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, provide a sentiment tool that shows long/short positioning, and include an economic calendar. Pepperstone also adds Autochartist tools for technical and fundamental analysis, which Trading 212 lacks. Neither broker offers research from Trading Central, TipRanks, or Acuity Trading.
These differences are reflected in independent ratings: Pepperstone earns 4.5/5 stars and ranks #12 out of 63 brokers for Research at ForexBrokers.com, while Trading 212 scores 3.5/5 stars and ranks #32. If you want extra in-platform analysis and day-to-day commentary, Pepperstone is the stronger choice; if you only need core news, sentiment data, and a calendar, 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.
Pepperstone and Trading 212 both give beginners plenty to watch, with at least 10 beginner videos and at least 10 advanced videos to help you grow from the basics to more skilled trading. A key difference is live learning: Pepperstone hosts educational client webinars at least once a month, while Trading 212 does not offer webinars. If you value live sessions where you can learn in real time, Pepperstone has the edge.
On overall education quality, Pepperstone is rated 4.5 out of 5 stars and ranks #15 out of 63 brokers for Education on ForexBrokers.com. Trading 212 is rated 3.5 out of 5 stars and ranks #20. In short, both platforms support self-paced learning with beginner and advanced videos, but Pepperstone’s higher rating and monthly webinars make it the stronger pick for most new traders seeking 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 | 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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