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 and Vantage both earn 4.5 out of 5 stars for commissions and fees, yet Pepperstone ranks higher overall (#6 of 63) than Vantage (#12 of 63). On headline pricing for EUR/USD, Vantage’s RAW ECN account (typical spread 0.15 pips plus $3 per side, or $6 round turn) works out to about 0.75 pips, while Pepperstone’s Razor account averages 0.80 pips all-in (0.10-pip spread plus the commission-equivalent of 0.70 pips). The gap is small, and real costs can vary by platform, region, and the time period measured.
Pepperstone’s Razor account uses a commission-based model and can be used on MetaTrader, cTrader, or TradingView. As of July 2024, the Razor all-in cost on EUR/USD averaged 0.80 pips, while the commission-free Standard account averaged 1.1 pips—making Razor the better value. High-volume and professional traders can lower costs further via the Active Trader program: in the U.K. and EU, pro clients trading at least £20 million per month may receive a 15% spread rebate per lot, scaling up to 25% above £200 million; in Australia, tiered discounts start around 10% per lot and can reach 30% for the highest tiers.
Vantage offers three pricing plans. The Standard STP account is spread-only, with typical EUR/USD spreads of 1.30 pips (March 2023). The RAW ECN account averages 0.15 pips plus $3 per side (about 0.75 pips all-in). The PRO ECN account lowers the commission to $2 per side ($4 round turn) and is Vantage’s best-priced option, but it has eligibility requirements (such as wholesale status in Australia or a $10,000 minimum under the Cayman entity). Vantage’s active trader rebates of $2–$8 per lot apply only to the Standard account—the one with the highest spreads—so frequent traders may get better value from RAW or PRO if they qualify.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average spread (EUR/USD) - Standard account | 1.1 | 1.32 |
| All-in Cost EUR/USD - Active | 0.8 | 0.72 |
| 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 vs Vantage: comparing the range of investments. Both brokers support forex trading as CFDs/spot, but Pepperstone lists 1,726 tradeable instruments overall while Vantage offers about 1,000. For currency traders, Pepperstone provides 65 forex pairs compared with Vantage’s 61, giving Pepperstone slightly broader coverage across majors, minors, and exotics.
Neither broker lets you buy actual exchange-traded shares on U.S. or international markets; stock and ETF access is via CFDs only. Crypto follows the same pattern: you can trade cryptocurrency CFDs at both brokers, but you can’t buy real coins. Each also supports copy trading. Reflecting this breadth, ForexBrokers.com rates Pepperstone 4.0/5 stars (ranked 23rd of 63) and Vantage 3.5/5 stars (ranked 32nd of 63) for Range of Investments.
| 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 stack up closely for trading platforms and tools. Both offer free demo (paper) accounts, their own proprietary platforms, and support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can trade via Windows desktop downloads or straight from your browser, place orders directly from charts, and tap into copy trading on either broker—useful for testing ideas or following experienced traders.
On charting and platform features, each broker provides a wide range of indicators and customizable watchlists, though exact counts aren’t disclosed. For Trading Platforms & Tools, both earn 4 out of 5 stars, with ForexBrokers.com ranking Vantage slightly higher (#20 of 63) than Pepperstone (#21 of 63). If you’re deciding between them, try both free demos to see which interface and toolset you prefer.
| 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 offer mobile trading apps for iPhone and Android. Each app includes price alerts, 30 technical studies for charting, the ability to draw trendlines, and auto-save for chart drawings. Both earned 4 out of 5 stars for Mobile Trading Apps. According to ForexBrokers.com, Pepperstone ranks 19th out of 63 brokers in this category, while Vantage ranks 24th.
The standout difference is watchlist syncing. Pepperstone syncs watchlists between the mobile app and your online account, so any changes you make carry over across devices. Vantage does not support watchlist syncing. If seamless watchlist management matters to you, Pepperstone has the edge; if not, both apps deliver strong charting tools and timely alerts on the go.
| 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 deliver a well-rounded research experience for traders. Each broker provides daily market commentary, real-time forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, and an economic calendar to track key events. Both also integrate Autochartist for pattern recognition and offer sentiment tools that display the ratio of long and short positions across instruments.
The main difference is Trading Central: Vantage includes Trading Central’s analysis suite, while Pepperstone does not. Neither broker offers research from TipRanks or Acuity Trading. According to ForexBrokers.com, Pepperstone earns 4.5 out of 5 stars for research and ranks #12 out of 63 brokers, while Vantage is rated 4 out of 5 stars and ranks #20. Choose Vantage if you want Trading Central built in; choose Pepperstone if higher third-party ratings and rankings matter more to you.
| 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 deliver beginner-friendly forex and CFD education with at least 10 learning pieces, including articles, videos, and archived webinars. Each broker hosts monthly educational webinars and offers at least 10 beginner videos that cover basics like platform setup, order types, and risk management. If you plan to grow your skills, both also provide at least 10 advanced videos for more experienced topics.
For education quality, Pepperstone is rated 4.5 out of 5 stars and ranks 15th out of 63 brokers for Education, while Vantage is rated 4 out of 5 stars and ranks 23rd. Beginners who want a slight edge in depth and structure may prefer Pepperstone, but Vantage remains a strong choice with frequent webinars and a sizable library. Your pick may come down to whether you value Pepperstone’s higher rating and ranking or Vantage’s similar breadth with a different teaching style.
| 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 #17, while Vantage finished with an overall rank of #24.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 95 | 90 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Pepperstone | Vantage | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 90 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Vantage Review |
| Broker Screenshots | Pepperstone | Vantage | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| 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 | 1.1 | 1.32 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.72 | |
| 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 90 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Vantage Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Pepperstone
FP Markets
Tickmill