Scores, winners and data below compare these brokers as CFD/FX brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
Oanda
Regulated in your country Oanda is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Pepperstone
Regulated in your country Pepperstone is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
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 Australia.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 81 -2 74 | Pepperstone 83 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 in Australia, by ASIC.
| Section score | Oanda 100 100 | Pepperstone 100 not offered |
|---|---|---|
| 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 Australia.Oanda and Pepperstone both offer segregated client funds and two-factor authentication.
| Section score | Oanda 66 66 | Pepperstone 65 -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 | 909,000 | |
| Annual revenue i | US$16,900,000 | US$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 Australia, both on each trade and on holding the account.Pepperstone is better than Oanda for CFD/FX costs, as Pepperstone has tighter EUR/USD standard spreads, at 1 pip (against Oanda's 1.07 pips), has tighter gold CFD spreads, at 0.21 points (against Oanda's 0.52 points), and charges lower Bitcoin CFD fees, at US$15 (against Oanda's US$43.85). 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 66 -8 29 | Pepperstone 74 Best 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 | US$3 | US$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 | US$7.35 | US$9 |
| S&P 500 fees (CFD) i | 0.39 points | 0.5 points |
| Gold fees (CFD) i | 0.52 points | 0.21 points |
| Bitcoin fees (CFD) i | US$43.85 | US$15 |
| US stocks fees (CFD) i | US$0.06 | US$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 Australia, and of how many instruments each one gives access to.Oanda is better than Pepperstone for CFD/FX markets, because Oanda gives access to 1,400 tradable symbols (against Pepperstone's 1,350), 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 | 1,400 | 1,350 |
| 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 Australia.Pepperstone is better than Oanda for platforms, since Pepperstone offers cTrader, social trading and copy 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 Australia, and of what each one lets you do from your phone.Oanda is better than Pepperstone for mobile trading, as Oanda offers mobile trading signals, which Pepperstone 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 93 Best 93 | Pepperstone 86 -7 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 Australia.Oanda is better than Pepperstone for CFD/FX trading features, because Oanda offers guaranteed stop losses, which Pepperstone does not. 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 96 Best 92 | Pepperstone 87 -9 not offered |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Hybrid |
| Average execution time i | 50 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 | 2:1 | 2:1 |
| 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 | US$0 | US$1 |
| 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 Australia, and of who each one is meant for.Pepperstone is better than Oanda for CFD/FX account types, because Pepperstone offers a managed 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.
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 46 -31 34 | Pepperstone 77 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 Australia.Pepperstone is better than Oanda for account opening, given that Pepperstone supports e-wallets, which Oanda does not, credits deposits faster, within the same day (against Oanda's 1 day), and pays out withdrawals faster, within 2 days (against Oanda's 3 days). Neither Oanda nor Pepperstone requires a minimum deposit.
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 75 -10 75 | Pepperstone 85 Best not offered |
|---|---|---|
| Minimum deposit i | US$0 | US$0 |
| Minimum withdrawal i | US$0 | US$0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, Skrill | |
| Local payment methods i | ||
| Account base currencies i | AUD, CAD, CHF, EUR, GBP, HKD, JPY, SGD, USD | USD, EUR, GBP, AUD, SGD, HKD |
| Deposit waiting time i | up to 1 business days | Instant |
| Withdrawal waiting time i | up to 3 business days | up to 2 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of Oanda and Pepperstone in Australia, 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 51 -27 51 | Pepperstone 78 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 Australia.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 -4 80 | Pepperstone 84 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 guaranteed stop-loss orders and corporate accounts.
Stocks Choose Oanda if you want a stockbroker with retirement accounts.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Pepperstone
CFD/FX Choose Pepperstone if you want a CFD and forex broker with cTrader, copy trading and fast order execution.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.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.
