Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs Vantage, 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 Vantage are both well-established online brokers, with Pepperstone founded in 2010 and Vantage in 2009. Neither of these companies is publicly traded, nor are they banks. However, when it comes to regulatory oversight, Pepperstone holds three Tier-1 licenses and two Tier-2 licenses, while Vantage has two Tier-1 licenses and one Tier-2 license. According to ForexBrokers.com, this makes Pepperstone and Vantage highly trusted, reflected in their Trust Scores of 95 and 90, respectively.
Both brokers are well-regarded in the industry for their regulatory standing, but Pepperstone edges out slightly with one more Tier-1 and Tier-2 license. Whether you're more inclined towards Pepperstone’s slightly higher trust rating or Vantage’s longstanding presence since 2009, both offer a solid level of security and credibility for traders. Consider these Trust Scores as a reassurance of the safety of your investments with either broker.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
Pepperstone earns 4.5/5 stars and ranks #11 of 63 for Commissions and Fees (ForexBrokers.com). Its commission-based Razor account can be used on TradingView, MetaTrader (MT4/MT5), or cTrader, and listed an average EUR/USD spread of 0.10 pips as of July 2024; once you add the commission-equivalent of 0.70 pips, the all-in cost is about 0.80 pips. The Standard account is commission-free but pricier at about 1.1 pips on EUR/USD. High-volume traders can cut costs further with Pepperstone’s Active Trader rebates: in the U.K. and EU, professional clients get 15% off per lot once they trade at least £20 million per month (up to 25% above £200 million). In Australia, professional clients start at 10% off after 100 lots over three months, with up to a 30% spread reduction above 3001 lots monthly.
Vantage also scores 4.5/5 stars, ranking #20 of 63 for Commissions and Fees (ForexBrokers.com). Three account types set the tone: the spread-only Standard STP listed typical EUR/USD spreads of about 1.30 pips (March 2023), the RAW ECN averaged 0.15 pips plus $3 per side ($6 round turn) for roughly 0.75 pips all-in, and the PRO ECN charges $2 per side ($4 round turn) for its lowest commission—though eligibility applies (e.g., wholesale status in Australia or a $10,000 minimum under the Cayman entity). Vantage’s active trader program pays $2–$8 per standard lot based on balance and monthly volume, but it only applies to the Standard account, which has the widest spreads.
Head-to-head on EUR/USD, Vantage’s RAW ECN (about 0.75 pips all-in) can edge Pepperstone’s Razor (about 0.80 pips), while Pepperstone’s Standard (about 1.1 pips) beats Vantage’s Standard (about 1.30 pips). For very high volumes, Pepperstone’s tiered rebates can narrow or surpass that gap on Razor, whereas Vantage’s rebates don’t lower costs on RAW or PRO ECN. If you qualify for Vantage’s PRO ECN, its $4 round-turn commission plus raw spreads is compelling; if you value easy access across TradingView, MetaTrader, or cTrader and meaningful volume-based rebates, Pepperstone is attractive. Despite equal star ratings, Pepperstone’s higher rank suggests a slight edge overall on costs and consistency.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average spread (EUR/USD) - Standard account | 1.00 | 1.30 |
| All-in Cost EUR/USD - Active | 0.70 | 0.75 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone offers a wider range of investments than Vantage. Pepperstone lists 1,726 tradeable symbols and 65 forex pairs, compared with Vantage’s 1,000 symbols and 61 pairs. Both brokers let you trade forex as contracts (CFDs/spot), and both focus on derivatives across markets. Neither broker supports buying actual exchange-traded stocks on U.S. or international exchanges.
Both platforms support copy trading and offer cryptocurrency trading via CFDs, but neither provides direct, delivered crypto. For range of investments, Pepperstone is rated 4 out of 5 stars and ranks 27th out of 63 brokers at ForexBrokers.com, while Vantage scores 3.5 stars and ranks 51st. If you want more symbols and a few more currency pairs, Pepperstone has the edge; if your needs are simpler, Vantage still covers the key markets.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 1000 |
| Forex Pairs (Total) | 65 | 61 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| 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 Vantage both cover the essentials for modern traders. Each broker offers a free demo account for paper trading, a proprietary platform alongside MetaTrader 4 (MT4) and MetaTrader 5 (MT5), Windows desktop software, and a web-based trading platform. Copy trading is available with both, and you can place orders directly from charts. Both include technical indicators for charting, though the exact counts weren’t specified.
In third-party reviews from ForexBrokers.com, both brokers earned 4 out of 5 stars for Trading Platforms and Tools. Vantage is ranked 21st out of 63 brokers in this category, while Pepperstone is close behind at 22nd—making their platform lineups very similar, with Vantage holding a slight edge in the rankings.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| 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) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Vantage both deliver full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, 30 technical studies for charting, drawing tools like trendlines, and auto-saving of your chart annotations. Whether you trade stocks or forex, you’ll find similar core tools on both platforms.
The key difference is watchlist syncing. Pepperstone lets you sync watchlists between the mobile app and your online account, so changes carry over automatically. Vantage does not offer this syncing. Both apps earned 4 out of 5 stars for Mobile Trading Apps, but Pepperstone ranks higher at #21 out of 63 brokers on ForexBrokers.com, compared with Vantage at #29. If synced watchlists matter to you, Pepperstone has the edge; otherwise, both are strong choices for on-the-go charting and alerts.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone and Vantage both offer valuable market research tools to help traders make informed decisions. Both brokers provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. They also offer technical analysis and fundamental research tools from Autochartist and include sentiment-based trading tools that display the ratio of long or short positions across various instruments. Additionally, both brokers provide economic calendars that cover important global news events. However, a key difference lies in their offerings from Trading Central; Vantage includes technical analytics tools from this company, whereas Pepperstone does not.
While neither Pepperstone nor Vantage offers market research from TipRanks or tools from Acuity Trading's Signal Centre, they differ in their overall research ratings and rankings. Pepperstone is rated 4.5 out of 5 stars for research and is ranked #12 among 63 brokers by ForexBrokers.com. In comparison, Vantage receives a slightly lower research rating of 4 stars and holds the #22 spot in the same ranking. This distinction highlights Pepperstone's slight edge in research capabilities according to industry assessments.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | Yes |
| 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 Vantage both make it easy for beginners to start learning. Each broker offers forex and CFD education with well over 10 pieces of content, plus frequent client webinars held at least once a month. New traders get plenty of step-by-step help through more than 10 beginner-focused videos at both brokers, and there’s room to grow with 10+ advanced videos that build skills over time.
When it comes to quality scores, Pepperstone has the edge: it’s rated 4.5 out of 5 stars for Education and ranks #17 out of 63 brokers on ForexBrokers.com. Vantage earns 4 out of 5 stars and ranks #24. If you want the slightly stronger education experience, Pepperstone is the better pick; if you’re happy with a solid lineup of lessons and webinars, Vantage also fits the bill.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| 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 Pepperstone is better than Vantage. Pepperstone finished with an overall rank of #16, while Vantage finished with an overall rank of #26.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
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Vantage
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| Trust Score | 95 | 90 |
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Pepperstone vs Vantage: both brokers do not support buying actual (delivered) cryptocurrency, but each offers cryptocurrency CFD trading for speculating on crypto price movements without owning the underlying asset.
Comparing online brokers Pepperstone vs Vantage for deposit and withdrawal methods: Pepperstone supports ACH/SEPA, PayPal, and bank wire transfers but not Skrill, while Vantage supports PayPal, Skrill, and bank wires but not ACH/SEPA; Visa/Mastercard availability is not specified for either broker.
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 | Vantage | |
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| Trust Score | 95 | 90 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Vantage Review |
| Broker Screenshots | Pepperstone | Vantage | |
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| Regulation | Pepperstone | Vantage | |
|---|---|---|---|
| Trust Score | 95 | 90 | |
| Year Founded | 2010 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | Vantage | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| 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 | No |
| Tier-2 Licenses (Trusted) | Pepperstone | Vantage | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Pepperstone | Vantage | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 1000 | |
| Forex Pairs (Total) | 65 | 61 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| 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 | Vantage | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.00 | 1.30 | |
| All-in Cost EUR/USD - Active | 0.70 | 0.75 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Vantage | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Pepperstone | Vantage | |
|---|---|---|---|
| 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 | Yes | No |
| Trading Tools | Pepperstone | Vantage | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | Vantage | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| 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 | Pepperstone | Vantage | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Vantage | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Pepperstone | Vantage | |
|---|---|---|---|
| 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 | Vantage Review |
| Overall | Pepperstone | Vantage | |
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| Trust Score | 95 | 90 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Vantage Review |
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