Menu
Policy and Terms What is InvestinGoal

InvestinGoal » Oanda vs Pepperstone: Comparison and Analysis

Oanda vs Pepperstone: Comparison and Analysis

Written by Filippo Ucchino Fact-Checked by Luca Puddu Publication Date Last Updated
Our verdict · CFD trading

Pepperstone is better than Oanda for CFD trading in the UK by a small margin, because it allows high-frequency trading strategies, runs cTrader next to MetaTrader 4, MetaTrader 5 and TradingView and offers ECN, Islamic and copy trading accounts. Pepperstone holds the account in 10 currencies against 1 and settles deposits and withdrawals in 1 day against 2 days. Oanda has a lower EUR/USD cost (4.75 USD per lot against 9.05 USD), adds futures to its markets and offers corporate and professional accounts. Oanda and Pepperstone are regulated in the UK by the FCA. Both ask for no minimum deposit, offer a demo account and allow scalping, hedging, expert advisors, VPS hosting and API access. Their ranges of markets are close, with 1,500 tradable symbols at Oanda and 1,444 at Pepperstone, and both cover CFDs on commodities, forex, indices and shares.

Oanda

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Regulated in your country Oanda holds a licence from the regulator of the country this site is for, so local investor protections apply.
Oanda review ›
82CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

76.6% of retail investor accounts lose money when trading CFDs with this provider.

Best overall

Pepperstone

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Regulated in your country Pepperstone holds a licence from the regulator of the country this site is for, so local investor protections apply.
Pepperstone review ›
86CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

89% of retail investor accounts lose money when trading CFDs with this provider.

Best for

What we compare A comparison of the kinds of traders Oanda and Pepperstone are best suited to, based on what each one actually offers in United Kingdom.
1 / 12

Oanda is better than Pepperstone for futures traders. Pepperstone, on the other hand, is better for high-volume traders. Both are a good fit for professional traders, scalpers and swing traders.

Best for
Overall score Oanda 82 -4 Pepperstone 86 Best
Day trading i
Long-term investing i
Professional traders i
High-volume traders i
Scalpers i
Swing traders i
News traders i
Algo traders i
Stock traders i
Crypto traders i
Futures traders i
Options traders i

Regulation

What we compare A comparison between the financial authorities that supervise Oanda and the ones that supervise Pepperstone.
2 / 12

Oanda and Pepperstone are both regulated in the UK, by the FCA.

Regulation
Section score Oanda 100 Pepperstone 100
Tier-1 regulators
ESMA (European Union) i
FCA (United Kingdom) i
ASIC (Australia) i
CFTC (United States) i
NFA (United States) i
SEC (United States) i
CIRO (Canada) i
MAS (Singapore) i
SFC (Hong Kong) i
JFSA (Japan) i
FINMA (Switzerland) i
Tier-2 regulators
FMA (New Zealand) i
CBR (Russia) i
FSCA (South Africa) i
DFSA (Dubai) i
CSRC (China) i
ISA (Israel) i
LFSA (Malaysia) i
JSC (Jordan) i
CMA (Kenya) i
Tier-3 regulators
FSA (Seychelles) i
MMA (Maldives) i
SCB (Bahamas) i
FSC (Mauritius) i
VFSC (Vanuatu) i
FSC (Belize) i
CIMA (Cayman Islands) i
SV FSA (Saint Vincent and the Grenadines) i
FSRC (St. Kitts & Nevis) i
BMA (Bermuda) i
BVI FSC (British Virgin Islands) i
EDR (External Dispute Resolution) i

Safety

What we compare A comparison of the tools and services that Oanda and Pepperstone have in place to protect your money in United Kingdom.
3 / 12

Oanda and Pepperstone both offer segregated client funds and an investor compensation scheme.

Safety
Section score Oanda 79 Pepperstone 78 -1
Company info
Is it publicly traded i
Is it a bank i
Year founded i 1996 2010
Parent company i OANDA Group Pepperstone Group Limited
CEO i Gavin Bambury Tamas Szabo
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i N/A N/A
Brand power
Number of customers worldwide i 900,000
Annual revenue i USD 16,900,000 USD 13,000,000
Monthly website search traffic i 1.3M monthly visits

Costs

What we compare A comparison of what it costs to trade with Oanda and with Pepperstone in United Kingdom, both on each trade and on holding the account.
4 / 12

Oanda and Pepperstone are equally good for costs, since Oanda is cheaper on EUR/USD, at 4.75 USD per lot (against Pepperstone's 9.05 USD). On the other hand, Pepperstone has tighter S&P 500 CFD spreads, at 0.4 points (against Oanda's 0.49 points), and has tighter gold CFD spreads, at 0.15 points (against Oanda's 0.57 points). Neither Oanda nor Pepperstone charges account maintenance fees or deposit fees.

Costs
Section score Oanda 75 Pepperstone 74 -1
Broker fees
Deposit fees i
Withdrawal fees i
Overnight fees i
Inactivity fees i
Currency conversion fees i
Discounts on volume i
Real time market data fee i
Dividend withholding i
Account opening fees i
Account maintenance fee i
Portfolio management fee i
Fees on CFDs
Forex commission per lot i Free USD 6.1
EUR/USD average standard spread i
0.85 pips
1.1 pips
EUR/USD average raw spread i
0.1 pips
0.1 pips
EUR/USD average fixed spread i
EUR/USD total cost per lot i USD 4.75 USD 9.05
S&P 500 fees (CFD) i 0.49 points 0.4 points
Gold fees (CFD) i 0.57 points 0.15 points
Bitcoin fees (CFD) i
US stocks fees (CFD) i USD 0.06 USD 0.02
Fees on stocks
Stock fee type i Percentage Commission, Percentage
US stocks fees (real) i
ETF fees (real) i
Management costs i
Connection costs i
Fees on futures
Futures fees per contract i
Platform fees i
Fees on options
Options fees per contract i
Event fees i
Fees on savings plans
IRA opening fee i
IRA maintenance fee i
401k opening fee i
401k maintenance fee i

Available markets

What we compare A comparison of the markets and products you can trade with Oanda and with Pepperstone in United Kingdom, and of how many instruments each one gives access to.
5 / 12

Oanda is better than Pepperstone for available markets, because Oanda gives access to 1,500 tradable symbols (against Pepperstone's 1,444), and offers futures on crypto and forex, which Pepperstone does not. Both Oanda and Pepperstone offer CFDs on commodities, crypto, forex, indices and stocks.

Available markets
Section score Oanda 100 Best Pepperstone 75 -25
Total tradable symbols i 1,500 1,444
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i Commodities, Crypto, Forex, Indices, Stocks Commodities, Crypto, Forex, Indices, Stocks
Futures i Crypto, Forex
Options i
Assets you can own i

Platform

What we compare A comparison of the trading platforms that Oanda and Pepperstone make available to their clients in United Kingdom.
6 / 12

Oanda and Pepperstone are equally good for platforms, since Oanda offers a proprietary platform while Pepperstone offers cTrader and social trading. Both Oanda and Pepperstone offer MetaTrader 5 and MetaTrader 4.

Platform
Section score Oanda 91 -1 Pepperstone 92
Proprietary platform i
MetaTrader 4 i
MetaTrader 5 i
cTrader i
Social trading platform i
Copy trading platform i
ZuluTrade i
TradingView i
Duplitrade i
Mirror Trader i
NinjaTrader i
AutoChartist i
Real time pricing i
5 digit pricing i
One-click trading i

Mobile

What we compare A comparison of the mobile apps of Oanda and Pepperstone in United Kingdom, and of what each one lets you do from your phone.
7 / 12

Pepperstone is better than Oanda for mobile trading, as Pepperstone offers the cTrader app, a social trading app and a copy trading app, which Oanda does not. Both Oanda and Pepperstone offer a proprietary mobile app and the MetaTrader 5 app.

Mobile
Section score Oanda 86 -14 Pepperstone 100 Best
Proprietary app i
Social trading app i
Copy trading app i
MetaTrader 4 app i
MetaTrader 5 app i
cTrader app i
Mobile trading signals i
Mobile alerts i
Mobile charting tools i
Mobile drawing tools i
Mobile watchlist i
Smartwatch app i

Trading features

What we compare A comparison of the trading tools and strategies that Oanda and Pepperstone allow on their platforms in United Kingdom.
8 / 12

Pepperstone is better than Oanda for trading features, because Pepperstone allows for high-frequency trading. Both Oanda and Pepperstone offer negative balance protection and trailing stops.

Trading features
Section score Oanda 83 -10 Pepperstone 93 Best
Trade execution
Broker type i Agency NDD
Average execution time i 30 ms
Slippage occurrence i
Requotes occurrence i 0.08%
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i 30:1 30:1
Minor/Exotic FX pairs leverage i 20:1 20:1
Major indices leverage i 20:1 20:1
Minor indices leverage i 10:1 10:1
Gold leverage i 20:1 20:1
Commodities leverage i 10:1 10:1
Equities leverage i 5:1 5:1
Cryptocurrency leverage i
Risk management
Stop losses i
Take profits i
Limit orders i
Trailing stop i
Margin call i
OCO orders i
Guaranteed stop loss i
Negative balance protection i
Minimum trade size (FX) i 0.01 lots 0.01 lots
Minimum trade size (stocks) i USD 0 USD 0
Fractional stocks i
Trading compliance
Scalping strategies allowed i
Hedging strategies allowed i
Automated trading strategy allowed i
EAs use allowed i
HFT strategy allowed i
VPS use allowed i
API use allowed i
Price scraping allowed i
FIFO rule applies i

Account types

What we compare A comparison of the kinds of account you can open at Oanda and at Pepperstone in United Kingdom, and of who each one is meant for.
9 / 12

Pepperstone is better than Oanda for account types, because Pepperstone offers an ECN account, an Islamic account and a copy trading account, which Oanda does not. Both Oanda and Pepperstone offer a demo account and a professional traders account.

Account types
Section score Oanda 53 -22 Pepperstone 75 Best
Demo account i
Unlimited demo account i
Standard account i
Micro account i
Cent account i
Nano account i
Raw spread account i
ECN account i
Swap-free account i
Islamic account i
Professional traders account i
Fixed spread account i
Spread betting account i
Copy trading account i
Corporate account i
Managed account i
Stock investing account i
Margin investing account i
Savings account i
Retirement account i

Account opening

What we compare A comparison of what it takes to open and fund an account with Oanda and with Pepperstone in United Kingdom.
10 / 12

Pepperstone is better than Oanda for account opening, given that Pepperstone offers 10 account base currencies (against Oanda's 1), credits deposits faster, within 1 day (against Oanda's 2 days), and pays out withdrawals faster, within 1 day (against Oanda's 2 days). Neither Oanda nor Pepperstone requires a minimum deposit.

Account opening
Section score Oanda 65 -15 Pepperstone 80 Best
Minimum deposit i USD 0 USD 0
Minimum withdrawal i USD 0 USD 0
Wire transfers i
Credit cards i
Debit cards i
eWallets i
Local payment methods i
Account base currencies i USD AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
Deposit waiting time i up to 2 business days up to 1 business days
Withdrawal waiting time i up to 2 business days up to 1 business days
Bonus program i

Customer care

What we compare A comparison of the customer support of Oanda and Pepperstone in United Kingdom, in how it can be reached and how fast it answers.
11 / 12

Pepperstone is better than Oanda for customer care, given that Pepperstone offers customer support in 10 languages (against Oanda's 5), has a website in 9 languages (against Oanda's 7), and offers a dedicated account manager, which Oanda does not. Oanda and Pepperstone both offer phone support and live chat.

Customer care
Section score Oanda 46 -27 Pepperstone 73 Best
Number of languages supported i 7 10
Website languages i German, English, French, Italian, Russian, Spanish, Chinese Arabic, English, Italian, Korean, Polish, Russian, Spanish, Vietnamese, Chinese
Website available in English i
Customer support languages i German, English, Russian, Spanish, Chinese Arabic, English, Italian, Korean, Polish, Russian, Spanish, Thai, Vietnamese, Chinese
Customer support in English i
Call back request i
Email support i
Phone support i
Live chat i
Priority customer support i
Dedicated account manager i
Cash sweep i
Stock lending i
Distributes proceeds i
Tax withholding agent i
Tax assistance i

Learning

What we compare A comparison of the educational material that Oanda and Pepperstone provide to their clients in United Kingdom.
12 / 12

Pepperstone is better than Oanda for learning, since Pepperstone offers daily market commentary, which Oanda does not. Both Oanda and Pepperstone offer education for advanced traders and webinars.

Learning
Section score Oanda 80 -8 Pepperstone 88 Best
Education
Education center i
Education for beginners i
Education for advanced traders i
Webinars i
Tutorials i
Glossary i
Research
Economic calendar i
Traders' sentiment i
Daily market commentary i
Daily trading ideas i
News via social media i
Professional reports i
Watchlist i
Oanda
Open Account 76.6% of retail investor accounts lose money when trading CFDs with this provider.
Pepperstone
Open Account 89% of retail investor accounts lose money when trading CFDs with this provider.
Our verdict

Oanda vs Pepperstone: which one should you choose?

Oanda

CFD Choose Oanda if you want a forex brokerage service with low trading costs and futures trading.

Open Account 76.6% of retail investor accounts lose money when trading CFDs with this provider.
Pepperstone

CFD Choose Pepperstone if you want a CFD and forex broker with cTrader, high-frequency trading strategies and quick deposits and withdrawals.

Open Account 89% of retail investor accounts lose money when trading CFDs with this provider.

Other popular comparisons

Below are other head-to-head comparisons that include Oanda or Pepperstone, each scored with the same data and method as this page.

eToro vs Oanda Pepperstone vs XM Interactive Brokers vs Oanda CMC Markets vs Pepperstone CMC Markets vs Oanda AvaTrade vs Pepperstone