Scores, winners and data below compare these brokers as CFD/FX brokers (leveraged trading on forex, indices, commodities and crypto), using the data of Oanda's Poland entity and Pepperstone's Cyprus entity. Scores, winners and data below compare these brokers as stock brokers (real shares and ETFs you own outright), using the data of Oanda's Poland entity and Pepperstone's Cyprus entity.
Oanda
76.6% of retail investor accounts lose money when trading CFDs with this provider.
Pepperstone
74-89% 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 .Oanda is better than Pepperstone for long-term investors and 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.
| Overall score | Oanda 82 -3 77 | Pepperstone 85 Best not offered |
|---|---|---|
| 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.Oanda and Pepperstone are both regulated by top-tier authorities, Oanda by KNF, ASIC (Australia) and the CFTC (United States) and Pepperstone by BaFin, CySEC and ASIC (Australia).
| Section score | Oanda 100 100 | Pepperstone 100 not offered |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | KNF (Poland) | CySEC (Cyprus) |
| 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 .Oanda and Pepperstone both offer segregated client funds and an investor compensation scheme.
| Section score | Oanda 79 79 | Pepperstone 78 -1 not offered |
|---|---|---|
| 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 | mBank | 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 , both on each trade and on holding the account.Oanda and Pepperstone are equally good for CFD/FX costs, since Oanda is cheaper on EUR/USD, at 5.85 USD per lot (against Pepperstone's 9.5 USD). On the other hand, Pepperstone has tighter S&P 500 CFD spreads, at 0.47 points (against Oanda's 0.7 points), and has tighter gold CFD spreads, at 0.5 points (against Oanda's 0.56 points). Neither Oanda nor Pepperstone charges account maintenance fees or deposit fees.
Pepperstone does not offer real stocks, being a CFD broker, so Oanda and Pepperstone cannot be compared for real stock costs.
| Section score | Oanda 72 67 | Pepperstone 72 not offered |
|---|---|---|
| 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 | FreeAbout this value. This is the forex commission per lot at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: Free (Canada, the UK, other accepted countries, Japan), USD 3 (Australia). | USD 7 |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 5.85 | USD 9.5 |
| S&P 500 fees (CFD) i | 0.7 points | 0.47 points |
| Gold fees (CFD) i | 0.56 points | 0.5 points |
| Bitcoin fees (CFD) i | USD 62.1 | |
| US stocks fees (CFD) i | USD 0.06 | USD 0.02 |
| Fees on stocks | ||
| Stock fee type i | Percentage, Free | Commission, Percentage |
| US stocks fees (real) i | Free | |
| ETF fees (real) i | USD 2 | |
| 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 , and of how many instruments each one gives access to.Oanda is better than Pepperstone for CFD/FX markets, because Oanda gives access to 1,500 tradable symbols (against Pepperstone's 1,444), lets you own stocks and ETFs outright, which Pepperstone does not, and offers futures on crypto and forex, which Pepperstone does not. Both Oanda and Pepperstone offer CFDs on commodities, crypto, forex, indices and stocks.
Only Oanda can be assessed for real stock markets, since Pepperstone is a CFD broker and does not offer real stocks.
| Section score | Oanda 100 Best 60 | Pepperstone 75 -25 not offered |
|---|---|---|
| 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, ETF, Forex, Indices, Stocks |
| Futures i | Crypto, Forex | |
| Options i | ||
| Assets you can own i | Stocks, ETF |
Platform
What we compare A comparison of the trading platforms that Oanda and Pepperstone make available to their clients in .Pepperstone is better than Oanda for platforms, since Pepperstone offers cTrader and social trading, which Oanda does not. Oanda and Pepperstone both offer a proprietary platform and MetaTrader 5.
Oanda and Pepperstone cannot be compared for platforms, because Oanda is a broker offering both CFDs and stocks while Pepperstone is a CFD broker.
| Section score | Oanda 91 -6 91 | Pepperstone 97 Best not offered |
|---|---|---|
| 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 , and of what each one lets you do from your phone.Pepperstone is better than Oanda for mobile trading, as Pepperstone offers the cTrader app, a social trading app and mobile trading signals, which Oanda does not. Both Oanda and Pepperstone offer a proprietary mobile app and the MetaTrader 5 app.
There is no like-for-like comparison for mobile trading, as Pepperstone is a CFD broker and does not offer real stocks.
| Section score | Oanda 86 -12 86 | Pepperstone 98 Best not offered |
|---|---|---|
| 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 .Pepperstone is better than Oanda for CFD/FX trading features, because Pepperstone allows for high-frequency trading. Both Oanda and Pepperstone offer negative balance protection and trailing stops.
Only Oanda can be assessed for real stock trading features, since Pepperstone is a CFD broker and does not offer real stocks.
| Section score | Oanda 83 -10 77 | Pepperstone 93 Best not offered |
|---|---|---|
| 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 | 30:1About this value. This is the major fx pairs leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 50:1 (Canada), 30:1 (Australia, the UK), 888:1 (other accepted countries), 25:1 (Japan). | 30:1About this value. This is the major fx pairs leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 200:1 (the UAE, other accepted countries), 30:1 (the EU, Australia, the UK). |
| Minor/Exotic FX pairs leverage i | 20:1About this value. This is the minor/exotic fx pairs leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 33:1 (Canada), 20:1 (Australia, the UK), 888:1 (other accepted countries), 25:1 (Japan). | 20:1About this value. This is the minor/exotic fx pairs leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 200:1 (the UAE, other accepted countries), 20:1 (the EU, Australia, the UK). |
| Major indices leverage i | 20:1About this value. This is the major indices leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 10:1 (Canada, Japan), 20:1 (Australia, the UK), 888:1 (other accepted countries). | 20:1About this value. This is the major indices leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 200:1 (the UAE, other accepted countries), 20:1 (the EU, Australia, the UK). |
| Minor indices leverage i | 10:1About this value. This is the minor indices leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 10:1 (Canada, Australia, the UK, Japan), 200:1 (other accepted countries). | 10:1About this value. This is the minor indices leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 100:1 (the UAE, other accepted countries), 10:1 (the EU, Australia, the UK). |
| Gold leverage i | 20:1About this value. This is the gold leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 5:1 (Canada), 20:1 (Australia, the UK, Japan), 888:1 (other accepted countries). | 20:1About this value. This is the gold leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 200:1 (the UAE, other accepted countries), 20:1 (the EU, Australia, the UK). |
| Commodities leverage i | 10:1About this value. This is the commodities leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 17:1 (Canada), 10:1 (Australia, the UK), 100:1 (other accepted countries), 20:1 (Japan). | 10:1About this value. This is the commodities leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 50:1 (the UAE, other accepted countries), 10:1 (the EU, Australia, the UK). |
| Equities leverage i | 5:1About this value. This is the equities leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 5:1 (Australia, the UK), 20:1 (other accepted countries). | 5:1About this value. This is the equities leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 20:1 (the UAE, other accepted countries), 5:1 (the EU, Australia, the UK). |
| Cryptocurrency leverage i | 2:1About this value. This is the cryptocurrency leverage at OANDA TMS Brokers S.A. (KNF). At Oanda's other companies: 2:1 (Australia), 10:1 (other accepted countries). | 2:1About this value. This is the cryptocurrency leverage at Pepperstone EU Limited (CySEC). At Pepperstone's other companies: 20:1 (the UAE, other accepted countries), 2:1 (the EU, Australia). |
| 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 , and of who each one is meant for.Pepperstone is better than Oanda for CFD/FX account types, because Pepperstone offers an ECN account, an Islamic account and a swap-free account, which Oanda does not. Both Oanda and Pepperstone offer a demo account and a professional traders account.
Oanda and Pepperstone cannot be set side by side for real stock account types, as Pepperstone is a CFD broker and does not offer real stocks, unlike Oanda.
| Section score | Oanda 53 -14 50 | Pepperstone 67 Best not offered |
|---|---|---|
| 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 .Pepperstone is better than Oanda for account opening, given that Pepperstone offers 4 account base currencies (against Oanda's 1), supports e-wallets, which Oanda does not, and credits deposits faster, within 1 day (against Oanda's 2 days). However, Oanda does not require a minimum deposit at all (against Pepperstone's 10 USD).
There is no like-for-like comparison for account opening, as Pepperstone is a CFD broker and does not offer real stocks.
| Section score | Oanda 65 -5 65 | Pepperstone 70 Best not offered |
|---|---|---|
| Minimum deposit i | USD 0 | USD 10 |
| Minimum withdrawal i | USD 0 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPalAbout this value. This is the ewallets at Pepperstone EU Limited (CySEC). It is different at Pepperstone's companies in the UAE, Australia and other accepted countries. | |
| Local payment methods i | ||
| Account base currencies i | USDAbout this value. This is the account base currencies at OANDA TMS Brokers S.A. (KNF). It is different at Oanda's companies in Australia. | GBP, USD, EUR, CHFAbout this value. This is the account base currencies at Pepperstone EU Limited (CySEC). It is different at Pepperstone's companies in the UAE, the EU, other accepted countries and Australia. |
| 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 , in how it can be reached and how fast it answers.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.
Pepperstone does not offer real stocks, being a CFD broker, so Oanda and Pepperstone cannot be compared for customer care.
| Section score | Oanda 46 -27 46 | Pepperstone 73 Best not offered |
|---|---|---|
| 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 .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.
Only Oanda can be assessed for learning, since Pepperstone is a CFD broker and does not offer real stocks.
| Section score | Oanda 80 -8 80 | Pepperstone 88 Best not offered |
|---|---|---|
| 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 vs Pepperstone: which one should you choose?
Oanda
CFD/FX Choose Oanda if you want an online CFD broker with low trading costs.
Stocks Choose Oanda if you want a broker for securities investing with commission-free US stocks and retirement accounts.
Open Account 76.6% of retail investor accounts lose money when trading CFDs with this provider.
Pepperstone
CFD/FX Choose Pepperstone if you want a CFD and forex broker for high-frequency trading strategies, with cTrader and fast execution.
Open Account 74-89% 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.
