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
Pepperstone vs Vantage: A Comparison Summary of Two Brokers
When it comes to online trading, choosing the right broker is crucial. Pepperstone and Vantage are two popular brokers that offer different trading services. In this comparison summary, we will analyse and compare Pepperstone and Vantage based on various aspects, including security, demo accounts, account opening, social-copy trading, markets, trading fees, platforms, education, and customer care.
Pepperstone is regulated by six regulatory bodies, including FCA, ASIC, DFSA, CySEC, SCB, and CMA, while Vantage is regulated by four regulatory bodies, including ASIC, FCA, CIMA, and VFSC. Both brokers have high security ratings, with Pepperstone scoring 94 and Vantage scoring 93.
Pepperstone offers demo accounts with a duration of 30 days for MT4 and MT5 accounts, and unlimited duration for cTrader accounts. Virtual funds are provided up to $50,000, and the account can be restored by contacting customer support. Vantage offers demo accounts with a duration of 30 days and virtual funds up to $100,000. The Vantage demo account can be set to unlimited by opening a live account.
Pepperstone does not have a minimum deposit in place, but they suggest a minimum deposit of $200. They offer over 10 base currencies, including USD, EUR, AUD, and GBP, and a wide range of payment methods such as wire transfers, credit/debit cards, eWallets, and several local payment methods. Pepperstone offers a variety of account types, including standard, razor, spread betting, MAM/PAMM, and professional accounts. Vantage offers account types including standard STP, raw ECN, pro ECN, Islamic, MAM, and professional accounts, with a minimum deposit from $50. They offer a variety of account currencies, payment methods, and leverage options.
Both brokers offer social-copy trading via third-party platforms such as Duplitrade and myfxbook. Vantage also offers copy trading via their mobile app.
Pepperstone offers 70 forex pairs, 15 commodities, 14 indices, 70 crypto assets, and 60+ stocks. Vantage offers 40+ forex pairs, 20 commodities, 30 indices, 2 crypto assets, 1000+ stocks, 50 ETFs, and 7 bonds. Both brokers provide CFD trading only, making them more suitable for short-term investing.
Pepperstone’s spreads are variable, with spreads starting from 0 pips on forex, and commissions up to $7 per lot traded. They also charge variable spreads on stocks. Vantage’s spreads are variable, with spreads starting from 1.4 pips on forex for the STP account, and from 0 pips for the Raw ECN and Pro ECN accounts. Trading commissions per lot are $6 for Raw ECN and $4 for Pro ECN. Vantage offers zero-commission on US shares, with commissions starting from 0.01€ on EU and UK shares and from $5 on Australian shares.
Pepperstone offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, all of which are available via webtrader, desktop, and mobile. They also offer VPS services. Vantage offers MT4, MT5, their proprietary platform, and ProTrader, all of which are available via desktop, web, and mobile.
Pepperstone offers a good range of educational material, including webinars and educational resources for beginner traders. They provide customer support via email, telephone, and live chat, and have won the “Best Customer Service in Europe” award in 2019. Vantage provides high-quality educational materials, including forex guides, academy articles, educational webinars, and platform tutorials. They also offer customer support via phone, email, and live chat.
Both Pepperstone and Vantage are reliable and secure brokers with a wide range of trading services. Pepperstone offers more markets, lower spreads, and a wider range of account types, making it more suitable for scalping and short-term investing. Vantage provides a wider range of educational materials and a proprietary platform, making it a good option for beginners and those seeking more user-friendly platforms. Ultimately, the choice between the two will depend on individual trading needs and preferences.