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 |
When comparing the commissions and fees of Pepperstone and Vantage, both brokers offer competitive pricing with unique account options tailored to various traders' needs. Pepperstone provides excellent pricing on its Razor account for high-volume traders, thanks to its Active Trader program. The Razor account operates on a commission-based structure and offers an average spread of 0.10 pips for EUR/USD, totaling 0.80 pips when adding the commission. The Standard account, however, is commission-free but features a higher average spread of 1.1 pips. Pepperstone's Active Trader program offers rebates to professional clients who meet trading volume thresholds, enhancing potential savings. With a 4.5-star rating, Pepperstone ranks #10 for commissions and fees among 63 brokers.
Vantage, on the other hand, provides different account options with varying pricing models. The Standard STP account features typical spreads of 1.30 pips for EUR/USD, while the commission-based RAW ECN account lists average spreads of 0.15 pips, amounting to 0.75 pips including commissions. The PRO ECN account offers an even lower commission, provided you meet specific account requirements such as minimum funding or client categorization. Vantage's active trader program offers standard lot rebates, though it's only available for the Standard account. Like Pepperstone, Vantage also holds a 4.5-star rating but ranks #19 in commissions and fees among 63 brokers.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 1.00 | 1.30 |
| All-in Cost EUR/USD - Active | 0.70 | 0.75 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and Vantage both provide online trading platforms that cater to forex trading enthusiasts. They both offer forex trading through Contracts for Difference (CFDs) or spot contracts. However, Pepperstone stands out with a broader range of tradeable symbols, offering 1726 compared to Vantage's 1000. When it comes to forex pairs, Pepperstone again takes the lead with 65 pairs, slightly above Vantage's 61 pairs. For those interested in copy trading, both platforms provide this feature, ensuring traders can mimic the strategies of successful investors to potentially enhance their trading outcomes.
While neither Pepperstone nor Vantage allows for the direct purchase of exchange-traded securities on U.S. or international exchanges, both brokers offer cryptocurrency trading in the form of derivatives. This means you won't buy actual cryptocurrencies but instead can trade on their price movements. In terms of their range of investments, Pepperstone receives a rating of 4 stars, slightly ahead of Vantage's 3.5 stars. Furthermore, within a pool of 63 brokers reviewed by ForexBrokers.com, Pepperstone is ranked at #26 for its investment offerings, while Vantage is positioned at #50, indicating a somewhat more extensive offering available with Pepperstone.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 1000 |
| Forex Pairs (Total) | 65 | 61 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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 offer robust trading platforms and a comprehensive suite of tools tailored for traders at various levels. Each broker provides a proprietary platform developed in-house, a Windows-based desktop trading platform, and a web-based trading option. They also support popular platforms MetaTrader 4 and MetaTrader 5, allowing users to leverage powerful features for trading. For those interested in paper trading, both brokers provide free virtual demo accounts, which can be invaluable for honing trading strategies. Additionally, each broker facilitates copy trading and features the DupliTrade platform. However, neither offers ZuluTrade.
When it comes to charting tools, Pepperstone provides 30 drawing tools, doubling Vantage's 15, giving a slight edge for technical analysts who rely on detailed chart annotations. Both brokers permit trading directly from stock charts, ensuring efficient transaction execution. Their watch lists are equally detailed, with seven columns (fields) for organizing market data. Both are rated four stars for their trading platforms and tools, with Vantage securing a slight lead in ranking by ForexBrokers.com—sitting at 21st, just one spot ahead of Pepperstone's 22nd place among 63 brokers.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | Yes | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Vantage both offer comprehensive mobile trading apps available for iPhone and Android users. Whether you're following forex or stock markets, each app allows you to receive timely price alerts. However, Pepperstone takes the lead with its watchlist symbol syncing feature, ensuring your watchlists are consistently updated across mobile and online platforms. Both apps support advanced charting capabilities, offering 30 technical studies and tools such as trendline drawing and multiple time frame views. Drawings are auto-saved on both platforms, adding convenience to technical analysis.
When it comes to user experience, both Pepperstone and Vantage offer real-time quotes on customizable watchlists. They're equally rated at four stars for mobile trading apps, reflecting satisfactory user feedback. However, according to ForexBrokers.com rankings among 63 brokers, Pepperstone outperforms Vantage, securing the 21st spot while Vantage sits at 28th. This slightly higher ranking indicates a preference for Pepperstone, possibly due to its enhanced syncing capabilities and overall user experience.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone and Vantage both provide excellent resources for traders looking to stay informed with daily market commentary and access to forex news from leading sources like Bloomberg and Reuters. Both brokers also support trading with a sentiment-based tool to help users understand market positions across various instruments. When it comes to technical analysis and research tools, both brokers offer Autochartist, although Vantage goes a step further by providing resources from Trading Central, which Pepperstone does not. An economic calendar is available with both, ensuring that traders can keep track of important global events, although neither broker offers market research tools from TipRanks or Acuity Trading.
In terms of overall research ratings, Pepperstone edges out with a higher rating of 4.5 stars compared to Vantage's 4 stars. This slight superiority could be due to its comprehensive market insights and analysis offerings, despite lacking collaboration with Trading Central. A broader industry ranking similarly reflects this distinction, with Pepperstone being ranked #12 among 63 brokers in the Research category by ForexBrokers.com, whereas Vantage sits at #21. Ultimately, both platforms offer substantial market research tools that appeal to a wide range of traders, but Pepperstone stands out with its slightly higher rank and star rating.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone and Vantage both offer comprehensive educational resources for those new to forex and CFDs trading. Each broker provides over ten detailed educational materials, including articles, videos, and archived webinars. They also conduct regular monthly webinars which are interactive sessions aimed at enhancing the understanding of forex and CFD markets. Moreover, both platforms maintain searchable archives allowing traders to revisit previously recorded webinars for further learning. Beginner traders will find over ten targeted educational videos from each broker, aiding in grasping fundamental trading concepts. Advanced traders are also catered to with a similar number of in-depth educational videos available on both platforms. Additionally, both providers offer investor dictionaries featuring definitions for over 50 investing terms, serving as a valuable reference tool for traders at all levels.
When comparing their educational offerings, Pepperstone edges Vantage slightly. Pepperstone earns a stellar rating of 4.5 out of 5 stars, securing the 17th spot out of 63 brokers in ForexBrokers.com's Education category. Meanwhile, Vantage is rated at a commendable 4 stars and holds the 24th rank. This slight difference in rankings and ratings may guide beginners looking for rich and varied educational support in making an informed choice between the two brokers.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | 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
|
Vantage
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 95 | 90 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Pepperstone and Vantage do not provide the option to purchase actual (delivered) cryptocurrency, but they each offer the ability to trade cryptocurrency derivatives.
Pepperstone provides a wider variety of funding options compared to Vantage, offering ACH, SEPA, PayPal, Skrill, Visa/Mastercard, and bank wire transfers, while Vantage facilitates deposits and withdrawals via PayPal, Skrill, Visa/Mastercard, and bank wire transfers, but lacks ACH and SEPA capabilities.
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 |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 90 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Vantage Review |
| Broker Screenshots | Pepperstone | Vantage | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education 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 (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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 | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Pepperstone | Vantage | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 1000 | |
| Forex Pairs (Total) | 65 | 61 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 1.00 | 1.30 | |
| All-in Cost EUR/USD - Active | 0.70 | 0.75 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Vantage | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Pepperstone | Vantage | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | Yes | Yes | |
| ZuluTrade | No | No |
| Trading Tools | Pepperstone | Vantage | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Pepperstone | Vantage | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Vantage | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Pepperstone | Vantage | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Pepperstone Review | Vantage Review |
| Overall | Pepperstone | Vantage | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 90 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Vantage Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill