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 | 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 let you trade forex via CFDs and spot, offer copy trading, and support cryptocurrency derivatives (but not actual, delivered crypto). Neither broker provides access to exchange-traded shares on U.S. or international stock exchanges. For breadth, Pepperstone lists 1,726 tradeable symbols and 65 forex pairs, while Vantage offers 1,000 symbols and 61 pairs. If you want more markets to choose from, Pepperstone has the larger lineup; if you mainly trade popular forex and CFD markets, Vantage still covers the essentials.
Independent ratings reflect this spread of markets: Pepperstone earns 4 out of 5 stars for Range of Investments and ranks #27 out of 63 brokers at ForexBrokers.com, while Vantage scores 3.5 stars and ranks #51. Traders seeking a wider selection of instruments may lean toward Pepperstone, whereas those comfortable with a solid core of forex and CFD choices might find Vantage fits their needs.
| 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 full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, real-time quote watchlists, and flexible charting with 30 technical studies, trendline drawing, multiple time frames, and auto-saved annotations. The key difference is watchlist syncing: Pepperstone syncs watchlists between the mobile app and your online account, while Vantage does not, which can matter if you switch between devices or platforms.
Both brokers earn 4 out of 5 stars for their mobile trading apps. However, ForexBrokers.com ranks Pepperstone higher at #21 out of 63 brokers, compared with Vantage at #29. If synced watchlists are important to you, Pepperstone has the edge; otherwise, both deliver similar charting tools and alert features on mobile.
| 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 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 | 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
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Vantage
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 90 |
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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.
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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 |
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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 (SFC 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. 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 | |
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| Trust Score | 95 | 90 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Vantage Review |
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