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Pepperstone vs Vantage: Comparison and Analysis

Written by Filippo Ucchino Fact-Checked by Luca Puddu Publication Date Last Updated
Our verdict · CFD/FX trading

Pepperstone is better than Vantage for CFD trading in Australia by a small margin, because it has a lower minimum deposit (none against US$35.00), more tradable symbols (1,350 against 1,000). Unlike Vantage, Pepperstone allows scalping, hedging, high-frequency trading strategies and API access, and it executes orders in 50 ms. Pepperstone has faster deposits (same day against 2 days), faster withdrawals (2 days against 5 days) and more account base currencies (10 against 5). Vantage, on the other hand, has ECN accounts, professional accounts and conditions for high-volume trading. Pepperstone and Vantage are both regulated in Australia by ASIC. The EUR/USD cost is US$9.00 per lot at Pepperstone and US$9.80 at Vantage, and both brokers offer MetaTrader 4, MetaTrader 5, cTrader, TradingView and a proprietary trading platform. Both brokers allow expert advisors and VPS hosting, and both offer a demo account.

Best overall

Pepperstone

CFDCFD Pepperstone offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD/FX to rate it on that. FXFX Pepperstone offers forex trading: currency pairs such as EUR/USD, traded with leverage. Forex is rated together with CFDs, on the CFD/FX side. Regulated in your country Pepperstone is allowed by ASIC to onboard clients residing in Australia.
Pepperstone review ›
83CFD/FXOverall score Pepperstone scores 83/100 for CFD/FX trading. The overall score is calculated from the data in this comparison across 12 areas.
Open Account

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Vantage

CFDCFD Vantage offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD/FX to rate it on that. FXFX Vantage offers forex trading: currency pairs such as EUR/USD, traded with leverage. Forex is rated together with CFDs, on the CFD/FX side. Regulated in your country Vantage is allowed by ASIC to onboard clients residing in Australia.
Vantage review ›
77CFD/FXOverall score Vantage scores 77/100 for CFD/FX trading. The overall score is calculated from the data in this comparison across 12 areas.
Open Account

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 Pepperstone and Vantage are best suited to, based on what each one actually offers in Australia.
1 / 12

Pepperstone is better than Vantage for scalpers. Both are a good fit for professional traders, high-volume traders and swing traders.

Best for
Overall score Pepperstone 83 Best Vantage 77 -6
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 Pepperstone and the ones that supervise Vantage.
2 / 12

Pepperstone and Vantage are both regulated in Australia, by ASIC.

Regulation
Section score Pepperstone 100 Vantage 100
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 Pepperstone and Vantage have in place to protect your money in Australia.
3 / 12

Both Pepperstone and Vantage offer segregated client funds and two-factor authentication.

Safety
Section score Pepperstone 65 Vantage 65
Company info
Is it publicly traded i
Is it a bank i
Year founded i 2010 2008
Parent company i Pepperstone Group Limited VIG Group
CEO i Tamas Szabo Marc Despallieres
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i N/A National Australia Bank
Brand power
Number of customers worldwide i 909,000 5,000,000
Annual revenue i 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 Pepperstone and with Vantage in Australia, both on each trade and on holding the account.
4 / 12

Pepperstone and Vantage are equally good for costs, since Pepperstone is cheaper on EUR/USD, at US$9 per lot (against Vantage's US$9.8), and has tighter gold CFD spreads, at 0.21 points (against Vantage's 1.4 points). On the other hand, Vantage charges lower forex commissions, at US$5 per lot (against Pepperstone's US$7), and has tighter EUR/USD raw spreads, at 0.06 pips (against Pepperstone's 0.1 pip). Neither Pepperstone nor Vantage charges inactivity fees or account maintenance fees.

Costs
Section score Pepperstone 74 Vantage 71 -3
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$7 US$5
EUR/USD average standard spread i
1 pips
1.4 pips
EUR/USD average raw spread i
0.1 pips
0.06 pips
EUR/USD average fixed spread i
EUR/USD total cost per lot i US$9 US$9.8
S&P 500 fees (CFD) i 0.5 points 0.36 points
Gold fees (CFD) i 0.21 points 1.4 points
Bitcoin fees (CFD) i US$15 US$15
US stocks fees (CFD) i US$0.02 US$6
Fees on stocks
Stock fee type i Commission, Percentage Commission
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 Pepperstone and with Vantage in Australia, and of how many instruments each one gives access to.
5 / 12

Pepperstone and Vantage are close on available markets. Both Pepperstone and Vantage offer CFDs on commodities, crypto, ETFs, forex, indices and stocks. Pepperstone has a slight edge, as it gives access to 1,350 tradable symbols (against Vantage's 1,000).

Available markets
Section score Pepperstone 75 Vantage 75
Total tradable symbols i 1,350 1,000
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i Commodities, Crypto, ETF, Forex, Indices, Stocks Commodities, Crypto, ETF, Forex, Indices, Stocks
Futures i
Options i
Assets you can own i

Platform

What we compare A comparison of the trading platforms that Pepperstone and Vantage make available to their clients in Australia.
6 / 12

Pepperstone is better than Vantage for platforms, as Pepperstone offers cTrader, social trading and copy trading, which Vantage does not. Pepperstone and Vantage both offer a proprietary platform and MetaTrader 5.

Platform
Section score Pepperstone 97 Best Vantage 88 -9
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 Pepperstone and Vantage in Australia, and of what each one lets you do from your phone.
7 / 12

Pepperstone is better than Vantage for mobile trading, since Pepperstone offers the cTrader app and mobile drawing tools, which Vantage does not. Pepperstone and Vantage both offer a proprietary mobile app and the MetaTrader 5 app.

Mobile
Section score Pepperstone 86 Best Vantage 80 -6
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 Pepperstone and Vantage allow on their platforms in Australia.
8 / 12

Pepperstone is better than Vantage for trading features, since Pepperstone offers tier-1 liquidity providers and API access, which Vantage does not, and allows for scalping. Pepperstone and Vantage both offer negative balance protection and trailing stops.

Trading features
Section score Pepperstone 87 Best Vantage 72 -15
Trade execution
Broker type i Hybrid Agency
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$1 US$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 Pepperstone and at Vantage in Australia, and of who each one is meant for.
9 / 12

Pepperstone is better than Vantage for account types, as Pepperstone offers a managed account, an Islamic account and a copy trading account, which Vantage does not. Pepperstone and Vantage both offer a demo account and a professional traders account.

Account types
Section score Pepperstone 77 Best Vantage 61 -16
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 Pepperstone and with Vantage in Australia.
10 / 12

Pepperstone is better than Vantage for account opening, given that Pepperstone does not require a minimum deposit (against Vantage's US$35), offers 6 account base currencies (against Vantage's 5), and supports 3 e-wallets (against Vantage's 1). Both Pepperstone and Vantage offer credit cards and debit cards.

Account opening
Section score Pepperstone 85 Best Vantage 74 -11
Minimum deposit i US$0 US$35
Minimum withdrawal i US$0 US$30
Wire transfers i
Credit cards i
Debit cards i
eWallets i PayPal, Neteller, Skrill PayPal
Local payment methods i
Account base currencies i USD, EUR, GBP, AUD, SGD, HKD AUD, EUR, GBP, NZD, USD
Deposit waiting time i Instant up to 2 business days
Withdrawal waiting time i up to 2 business days up to 5 business days
Bonus program i

Customer care

What we compare A comparison of the customer support of Pepperstone and Vantage in Australia, in how it can be reached and how fast it answers.
11 / 12

Pepperstone is better than Vantage for customer care, since Pepperstone offers customer support in 10 languages (against Vantage's 1), has a website in 9 languages (against Vantage's 1), and offers a dedicated account manager, which Vantage does not. Both Pepperstone and Vantage offer phone support and live chat.

Customer care
Section score Pepperstone 78 Best Vantage 37 -41
Number of languages supported i 10 1
Website languages i Arabic, English, Italian, Korean, Polish, Russian, Spanish, Vietnamese, Chinese English
Website available in English i
Customer support languages i Arabic, English, Italian, Korean, Polish, Russian, Spanish, Thai, Vietnamese, Chinese English
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 Pepperstone and Vantage provide to their clients in Australia.
12 / 12

Vantage is better than Pepperstone for learning, as Vantage offers a glossary, which Pepperstone does not. Pepperstone and Vantage both offer education for advanced traders and webinars.

Learning
Section score Pepperstone 84 -4 Vantage 88 Best
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
Pepperstone
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Vantage
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Our verdict

Pepperstone vs Vantage: which one should you choose?

Pepperstone

CFD/FX Choose Pepperstone if you want a CFD and forex broker for scalping, with no minimum deposit and fast withdrawals.

Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Vantage

CFD/FX Choose Vantage if you want an online CFD broker with ECN accounts, professional accounts and conditions for high-volume trading.

Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

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