General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
Oanda vs Pepperstone: A Comparison Summary of Two Top Brokers
When it comes to choosing a broker, traders must consider various factors, including security, trading fees, available markets, platforms, education, and customer care. This comparison summary will provide an overview of the key features of Oanda and Pepperstone to help traders make an informed decision.
Security and Regulations
Oanda is a highly regulated broker, with licences from ASIC, MAS, FSA, FCA, NFA, IIROC, and BVI. In contrast, Pepperstone is regulated by FCA, ASIC, DFSA, CySEC, SCB, and CMA. Both brokers have a security rating of 94, indicating a high level of security for traders’ funds.
Oanda’s demo account has no time limit and offers virtual funds of $100,000, which can be restored by contacting customer support. Pepperstone’s demo account has a 30-day limit for MT4 and MT5 accounts, while cTrader accounts offer unlimited virtual funds that can also be restored by contacting customer support.
Oanda has no minimum deposit requirement and offers multiple account types, including Standard, Premium, Core, Spread Betting, and Professional accounts. Pepperstone also has no minimum deposit requirement but suggests a minimum deposit of $200. Pepperstone offers Standard, Razor, Spread Betting, MAM/PAMM, and Professional accounts.
Both brokers offer copy-trading capabilities through third-party platforms, but Oanda also allows traders to use EAs on the MT4 and MT5 platforms to engage in copy trading.
Oanda offers a wide range of markets, including forex, commodities, indices, crypto assets, stocks, ETFs, and bonds. Pepperstone offers forex, commodities, indices, crypto assets, and stocks, but no ETFs or futures and options.
Oanda’s spreads are variable, with forex spreads starting from 1.2 pips, and the broker offers CFD trading for all assets. Pepperstone’s spreads are also variable, but forex spreads start from 0 pips, making it a more cost-effective option. Pepperstone charges commissions per lot traded, up to $7 per lot, and also offers variable spreads on stocks.
Oanda offers its proprietary platform, the Oanda Trade Platform, along with MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Pepperstone offers MT4, MT5, and cTrader, with all platforms supporting algo trading. Pepperstone also offers VPS services, making it a better choice for traders who prefer algo trading.
Education and Customer Care
Both brokers offer educational resources such as webinars, tutorials, and analysis tools, but Pepperstone’s education materials are primarily aimed at beginner traders. Both brokers offer easy access to customer care via email, telephone, and live chat, with Oanda offering support in multiple languages.
Overall, both brokers have their strengths and weaknesses. Oanda’s strengths lie in its wide range of markets and account types, while Pepperstone offers lower spreads and better platforms for algo trading. Traders should carefully consider their trading needs and preferences before choosing the broker that best suits them.