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Oanda vs Pepperstone: Comparison and Analysis

Trying to figure out whether to use Oanda or Pepperstone? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of Oanda and Pepperstone side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
CFDs are not available to residents in the United States
Oanda review
Open Account
74-89% of retail investor accounts lose money when trading CFDs
Pepperstone review

Overall Ratings


Rated
80
Rated
90

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • Oanda
  • Pepperstone

Security 94
Security 94

Cost 73
Cost 78

Trading 71
Trading 100

Education 80
Education 71

Company Info


Foundation
1996
2010
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, de, es, fr, ru, it, chi
en, ar, es, pol, ru, ko, viet, it, chi

Leverage


Non-EU Leverage ?
50:1
200:1
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
30:1
US Leverage ?
50:1
0
Canadian Leverage ?
50:1
0

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
IIROC ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
10515
399331
SimilarWeb - Total Visits
8370000
416901
Facebook Likes
66508
66224
Twitter Likes
18400
1800000
Instagram Likes
562
192258

Deposit and Withdrawal


Minimum Deposit ?
Minimum Withdraw ?
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Bpay, POLi, UnionPay
Deposit Waiting Time ?
1-2 business days
1 business day
Withdraw Waiting Time ?
1-2 business days
1 business day
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
USD
AUD, EUR, GBP, USD, CAD, CHF, HKD, JPY, NZD, SGD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
3.0
0.5
Natural Gas ?
0.6
5.0
Silver ?
277.0
0.5
Platinum ?
833.4
Copper ?
Soybeans ?
1.0
Corn ?
2.0
Gold ?
205.6
0.5

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
0.1
0.09
USD/JPY Average Spread
0.2
0.19
USD/CHF Average Spread
0.2
0.35
GBP/USD Average Spread
0.2
0.38
USD/CAD Average Spread
0.2
0.27
AUD/USD Average Spread
0.2
0.17
NZD/USD Average Spread
0.2
0.32
EUR/GBP Average Spread
0.2
0.41

Fees on Stocks


Apple
Facebook
Alphabet
Snapchat
BP
Tesco
Barclays
Lloyds

Fees on Indices


FTSE100
0.8
1.05
S&P500
0.3
0.47
Dow Jones
2.0
Nasdaq
0.5
2.0
CAC40
1.2
DAX30
0.9
0.9
Nikkei 225
8.0
Euro Stoxx 50
0.9
2.0

Fees on Cryptocurrencies


Bitcoin
0
1
Ethereum
0
$4.0
Ripple
0
0
Litecoin
0
$3.0
Bitcoin Cash
0
$4.0
Dash
0
$3.0
Monero
0
0
Neo
0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, de, es, fr, ru, ko, chi
en, ar, es, po, ko, viet, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
55
70
Crypto ?
55
70
Commodities ?
31
15
Stocks ?
61
Indices ?
16
14
ETF ?
Futures ?
Options ?
Bonds ?
6
Metal ?
5
5
Agricultural ?
4
5
Energies ?
3
5
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
0.00001 lots
0.01 lots
Maximum Trade Size ?
100 lots
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
51
51
Number Chart Drawing Tools ?
31
31
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, de, es, ru, chi
en, ar, es, pol, ru, thai, ko, viet, it, chi

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

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.

Demo Accounts

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.

Account Opening

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.

Social-Copy Trading

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.

Available Markets

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.

Trading Fees

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.

Platforms

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.

Conclusion

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.

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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