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 well-known online brokers. Pepperstone was founded in 2010, while Vantage began in 2009. Neither company is publicly traded, and neither is a bank. According to ForexBrokers.com, Pepperstone holds a Trust Score of 94/99 and Vantage scores 91/99—both fall in the 90–99 range, which is considered highly trusted (80–89 trusted, 70–79 average risk, 60–69 high risk, below 59 not trusted).
When it comes to regulation, Pepperstone holds 3 Tier-1 licenses and 2 Tier-2 licenses, compared with Vantage’s 2 Tier-1 and 1 Tier-2 licenses. In plain terms, Pepperstone has a slightly wider set of top-tier regulators overseeing it, while Vantage also maintains strong oversight, just with fewer licenses.
| 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 scores higher than Vantage for commissions and fees, thanks to its low-cost Razor account and extra savings for active traders. On the Razor account, Pepperstone’s EUR/USD pricing was 0.10 pips on average, and after commission, the all-in cost came to about 0.80 pips. Its Standard account is simpler because it does not charge commission, but the spread is wider at about 1.1 pips, making it the pricier choice overall. Pepperstone is rated 5/5 stars and ranks #6 out of 36 brokers for commissions and fees.
Vantage also offers several account types, but its pricing is a bit less competitive overall. The Standard STP account is spread-only and showed a typical EUR/USD spread of 1.30 pips, while the RAW ECN account had average spreads of 0.15 pips plus a $3 commission per side, which worked out to about 0.75 pips all-in. Vantage’s PRO ECN account has its best pricing, with a $2 per-side commission, but it has stricter account requirements. Vantage is rated 4.5/5 stars and ranks #12 out of 36 brokers for commissions and fees.
For active traders, both brokers offer rebates, but Pepperstone’s program can be more appealing for high-volume forex clients, while Vantage’s rebates apply only to its Standard account, which has the highest spreads. Overall, Pepperstone has the edge for traders focused on lower trading costs, especially on commission-based accounts.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Minimum Deposit | $10 | $50 |
| Average spread (EUR/USD) - Spread-only account | 1.1 | 1.4 |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.72 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone offers a wider range of investments than Vantage overall. Both brokers support forex trading as a CFD or spot contract, and both offer copy trading as well as cryptocurrency CFDs. Pepperstone also stands out for its larger product list, with 2,631 tradeable symbols and 65 forex pairs, compared with Vantage’s 1,028 symbols and 61 forex pairs. In this area, Pepperstone is rated 4 out of 5 stars for Range of Investments and ranks #23 out of 36 brokers, while Vantage scores 3.5 stars and ranks #33.
One key difference is crypto access: Pepperstone lets clients buy actual cryptocurrency, while Vantage does not. On the other hand, neither broker offers exchange-traded securities on U.S. or international exchanges, so you cannot buy real shares like Apple or Vodafone through either platform. If you want more market choice and the option to own crypto directly, Pepperstone has the edge; if you mainly need forex and CFD trading, Vantage still covers the basics.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2631 | 1028 |
| 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) | Yes | 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 are closely matched when it comes to trading platforms and tools. Both brokers offer free demo accounts for paper trading, along with their own proprietary platforms, Windows desktop downloads, web-based platforms, copy trading, MetaTrader 4, and MetaTrader 5. Traders can also place orders directly from charts with either broker, which makes managing positions more convenient for active users.
For platform quality, both Pepperstone and Vantage are rated 4 out of 5 stars by ForexBrokers.com. In the site’s ranking of 36 brokers for trading platforms and tools, Vantage sits just ahead at #20, while Pepperstone is ranked #21. Overall, the difference is small, and both brokers offer a wide range of tools that should suit many types of traders.
| 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) | 90 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Vantage both make mobile trading easy with iPhone and Android apps, plus useful tools like price alerts, watchlist syncing, trendline drawing, and auto-saved chart drawings. Each broker also earns a 4-star rating for mobile trading apps, so either option should work well for traders who want to monitor markets and manage positions on the go.
The main difference is charting depth. Pepperstone offers 30 technical studies in its mobile app, while Vantage provides 14, giving Pepperstone the edge for traders who want more chart analysis on mobile. That difference also shows in their ForexBrokers.com rankings for mobile trading apps, where Pepperstone places #19 out of 36 brokers and Vantage ranks #24.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 14 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone and Vantage both give traders useful market research features, including daily market commentary, a sentiment tool that shows long and short positioning, and an economic calendar for tracking key global events. Neither broker offers research from Autochartist, TipRanks, or Acuity Trading.
The main difference is that Pepperstone includes forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, while Vantage does not. Vantage, however, offers Trading Central tools such as Technical Analytics, which Pepperstone does not. This gives Pepperstone a slightly better Research rating at 4.5 out of 5 stars and a higher ForexBrokers.com ranking at #13 out of 36, compared with Vantage’s 4 stars and #20 ranking.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| 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 give beginners plenty of learning support, including forex and CFD education with at least 10 pieces of content, monthly educational webinars, and at least 10 beginner videos plus 10 advanced videos. That means either broker can help new traders get started with the basics and keep learning as their skills grow. In a direct comparison, Pepperstone has the edge on quality and recognition, with a 4.5-star Education rating and a #15 ranking out of 36 brokers from ForexBrokers.com.
Vantage also offers a solid set of beginner-friendly and advanced learning materials, along with regular webinars, making it a good choice for traders who want access to educational content. However, it trails Pepperstone in this area, earning a 4-star Education rating and ranking #23 out of 36 brokers for Education. For beginners looking for the stronger overall educational experience, Pepperstone comes out ahead, while Vantage still provides useful resources for learning the basics.
| 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
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Vantage
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|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 91 |
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Pepperstone and Vantage both offer cryptocurrency CFDs, but only Pepperstone also lets traders buy actual, delivered cryptocurrency rather than just a CFD, while Vantage does not provide access to spot crypto purchases.
Pepperstone vs Vantage: both online brokers support PayPal, Skrill and bank wire funding/withdrawals, but only Pepperstone offers ACH/SEPA transfers; 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 | Vantage | |
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| Trust Score | 94 | 91 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Vantage Review |
| Broker Screenshots | Pepperstone | Vantage | |
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| Regulation | Pepperstone | Vantage | |
|---|---|---|---|
| Trust Score | 94 | 91 | |
| 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 CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Pepperstone | Vantage | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2631 | 1028 | |
| 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) | Yes | 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) - Spread-only account | 1.1 | 1.4 | |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.72 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Vantage | |
|---|---|---|---|
| Minimum Deposit | $10 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | 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) | 90 | 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 | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 14 | |
| 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 | No | |
| Autochartist | No | No | |
| 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 | 94 | 91 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Vantage Review |
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