Comparison of OANDA and Pepperstone
| Feature | OANDA | Pepperstone |
|---|---|---|
| Broker | ||
| Year Founded | 2001 | 2010 |
| Broker Type | STP | ECN, DMA |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | NFA, CFTC, ASIC, CIRO, FCA, JFSA, BVIFSC, MAS, KNF | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, fxTrade | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:200 | 1:500 |
| Minimum Deposit | $1 | $1 |
| Base Currencies | USD, EUR, AUD, CHF, SGD, HKD | USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether) |
| Inactivity Fee | $10 per month after 12 months | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
| Protection Size | £85 000 | £85 000 / €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✔ | ✔ |
| Copy Trading | ✖ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | OANDA Review | Pepperstone Review |
About OANDA
OANDA is a globally recognized forex broker with a solid reputation for providing robust trading platforms and tools tailored to both beginner and professional traders. Established in 2001, OANDA has consistently positioned itself as a trusted broker, offering a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies. The broker is known for its user-friendly interface, competitive spreads, and advanced analytical tools, making it a popular choice among traders seeking reliable market access. OANDA is regulated by top-tier authorities like the CFTC, FCA, and ASIC, ensuring a high level of trust and transparency in its operations.
Pros
- Regulated by top-tier authorities (CFTC, FCA, ASIC)
- Competitive spreads and reliable pricing
- Access to both MetaTrader 4 (MT4) and a proprietary platform
- User-friendly trading interface suitable for beginners
- Comprehensive educational resources and market analysis tools
- A wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies
- No minimum deposit requirement for most accounts
- Strong focus on transparency and customer support
Cons
- Limited account types compared to some competitors
- Some advanced tools may require additional subscriptions
About Pepperstone
Pepperstone is a globally recognized forex and CFD broker renowned for its competitive pricing, advanced trading platforms, and superior customer service. Founded in 2010 and headquartered in Melbourne, Australia, Pepperstone has grown to become a trusted name in online trading. With multiple regulatory licenses from top-tier authorities, including ASIC, FCA, and CySEC, the broker offers a secure and transparent trading environment. Whether you're a novice or an experienced trader, Pepperstone provides a range of tools and features to enhance your trading journey.
Pros
- Tight spreads starting from 0.0 pips on Razor accounts
- Regulated by multiple top-tier authorities (ASIC, FCA, CySEC, etc.)
- Access to advanced trading platforms like MetaTrader 4/5 and cTrader
- Excellent for scalping and algorithmic trading with fast execution speeds
- No minimum deposit requirement, making it accessible to all traders
- Dedicated 24/5 multilingual customer support
Cons
- Limited in-house educational resources for beginners
- Limited availability of bonus offers or promotions
OANDA & Pepperstone Regulation
| Feature | OANDA | Pepperstone |
|---|---|---|
Companies | OANDA Corporation, OANDA Australia Pty Ltd, OANDA (Canada) Corporation ULC, OANDA Europe Limited, OANDA Japan Co., Ltd, OANDA Global Markets Ltd, OANDA Asia Pacific Pte Ltd, OANDA TMS Brokers S.A. | Pepperstone Group Limited, Pepperstone Markets Limited, Pepperstone EU Limited, Pepperstone Financial Services (DIFC) Limited, Pepperstone GmbH, Pepperstone Markets Kenya Limited, Pepperstone Limited |
Countries | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland | Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom |
Regulators | NFA, CFTC, ASIC, CIRO, FCA, JFSA, BVIFSC, MAS, KNF | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA |
Investor Protection | UK Financial Services Compensation Scheme (FSCS) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
Investor Protection Size | £85 000 | £85 000 / €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
OANDA
OANDA Corporation, OANDA Australia Pty Ltd, OANDA (Canada) Corporation ULC, OANDA Europe Limited, OANDA Japan Co., Ltd, OANDA Global Markets Ltd, OANDA Asia Pacific Pte Ltd, OANDA TMS Brokers S.A.
Pepperstone
Pepperstone Group Limited, Pepperstone Markets Limited, Pepperstone EU Limited, Pepperstone Financial Services (DIFC) Limited, Pepperstone GmbH, Pepperstone Markets Kenya Limited, Pepperstone Limited
Countries
OANDA
United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland
Pepperstone
Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom
Regulators
OANDA
NFA, CFTC, ASIC, CIRO, FCA, JFSA, BVIFSC, MAS, KNF
Pepperstone
ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA
Investor Protection
OANDA
UK Financial Services Compensation Scheme (FSCS)
Pepperstone
UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF)
Investor Protection Size
OANDA
£85 000
Pepperstone
£85 000 / €20 000
Publicly Traded
OANDA
Pepperstone
Segregated Accounts
OANDA
Pepperstone
Guaranteed Stop Loss
OANDA
Pepperstone
Negative Balance Protection
OANDA
Pepperstone
Account Types
| Account | OANDA | Pepperstone |
|---|---|---|
STP Account | ||
| Account Name | Standard | — |
| Min Deposit | $1 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.5 | — |
| Fee | No | — |
| Max Leverage | 1:200 | — |
| Stop Out | 50% | — |
| Margin Call | 100% | — |
ECN Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1 |
| Fee | — | No |
| Max Leverage | — | 1:500 |
| Stop Out | — | 20% |
| Margin Call | — | 90% |
Zero Account | ||
| Account Name | — | Razor |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0 |
| Fee | — | $7 per 1 lot |
| Max Leverage | — | 1:500 |
| Stop Out | — | 20% |
| Margin Call | — | 90% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
STP Account
Account Name
OANDA
Standard
Pepperstone
—
Min Deposit
OANDA
$1
Pepperstone
—
Lot Size
OANDA
0.01
Pepperstone
—
Spread Type
OANDA
Floating
Pepperstone
—
Execution
OANDA
Market
Pepperstone
—
Min Spread
OANDA
0.5
Pepperstone
—
Fee
OANDA
No
Pepperstone
—
Max Leverage
OANDA
1:200
Pepperstone
—
Stop Out
OANDA
50%
Pepperstone
—
Margin Call
OANDA
100%
Pepperstone
—
ECN Account
Account Name
OANDA
—
Pepperstone
Standard
Min Deposit
OANDA
—
Pepperstone
$1
Lot Size
OANDA
—
Pepperstone
0.01
Spread Type
OANDA
—
Pepperstone
Floating
Execution
OANDA
—
Pepperstone
Market
Min Spread
OANDA
—
Pepperstone
1
Fee
OANDA
—
Pepperstone
No
Max Leverage
OANDA
—
Pepperstone
1:500
Stop Out
OANDA
—
Pepperstone
20%
Margin Call
OANDA
—
Pepperstone
90%
Zero Account
Account Name
OANDA
—
Pepperstone
Razor
Min Deposit
OANDA
—
Pepperstone
$1
Lot Size
OANDA
—
Pepperstone
0.01
Spread Type
OANDA
—
Pepperstone
Floating
Execution
OANDA
—
Pepperstone
Market
Min Spread
OANDA
—
Pepperstone
0
Fee
OANDA
—
Pepperstone
$7 per 1 lot
Max Leverage
OANDA
—
Pepperstone
1:500
Stop Out
OANDA
—
Pepperstone
20%
Margin Call
OANDA
—
Pepperstone
90%
Additional Features
Demo Account
OANDA
Pepperstone
VIP Account
OANDA
Pepperstone
Swap-Free Account
OANDA
Pepperstone
Copy Trading
OANDA
Pepperstone
VPS
OANDA
Pepperstone
PAMM/MAM Accounts
OANDA
Pepperstone
Funding and Fees
| Feature | OANDA | Pepperstone |
|---|---|---|
Base currencies | USD, EUR, AUD, CHF, SGD, HKD | USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether) |
Inactivity fee | $10 per month after 12 months | |
Interest on margin | ||
Withdrawal fee |
Base currencies
OANDA
USD, EUR, AUD, CHF, SGD, HKD
Pepperstone
USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD
Deposit and withdrawal methods
OANDA
Bank Wire, Credit Card, Debit Card, Neteller, Skrill
Pepperstone
Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether)
Inactivity fee
OANDA
$10 per month after 12 months
Pepperstone
Interest on margin
OANDA
Pepperstone
Withdrawal fee
OANDA
Pepperstone
Trading Platforms and Conditions
| Feature | OANDA | Pepperstone |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, fxTrade | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
Execution Speed | 12 ms | 40 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Platforms
OANDA
MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, fxTrade
Pepperstone
MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView
Execution Speed
OANDA
12 ms
Pepperstone
40 ms
Scalping
OANDA
Pepperstone
Expert Advisors (EAs)
OANDA
Pepperstone
Depth of Market (DOM)
OANDA
Pepperstone
Spread
OANDA
low
Pepperstone
low
Trading Assets
| Asset | OANDA | Pepperstone |
|---|---|---|
Currencies | 48 | 97 |
Indices | 18 | 26 |
Stocks | 1607 | 986 |
Cryptocurrencies | 18 | 30 |
Bonds | 0 | 0 |
Metals | 3 | 20 |
Energies | 3 | 4 |
Soft Commodities | 4 | 16 |
ETFs | 0 | 108 |
Currencies
OANDA
48
Pepperstone
97
Indices
OANDA
18
Pepperstone
26
Stocks
OANDA
1607
Pepperstone
986
Cryptocurrencies
OANDA
18
Pepperstone
30
Bonds
OANDA
0
Pepperstone
0
Metals
OANDA
3
Pepperstone
20
Energies
OANDA
3
Pepperstone
4
Soft Commodities
OANDA
4
Pepperstone
16
ETFs
OANDA
0
Pepperstone
108
Education and Analytics
| Feature | OANDA | Pepperstone |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
OANDA
Pepperstone
Indicators
OANDA
Pepperstone
Robots
OANDA
Pepperstone
Signals
OANDA
Pepperstone
Autochartist
OANDA
Pepperstone
Expert Analytics
OANDA
Pepperstone
News Feed
OANDA
Pepperstone
Education Articles
OANDA
Pepperstone
Webinars
OANDA
Pepperstone
Seminars
OANDA
Pepperstone
Customer Support
| Contact | OANDA | Pepperstone |
|---|---|---|
Email | frontdesk@oanda.com | support@pepperstone.com |
Phone | +442031512050 | +17866281209 |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter |
Email
OANDA
Pepperstone
Phone
OANDA
Pepperstone
Which Broker is Better?
After comparing OANDA and Pepperstone, Pepperstone comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.