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Pepperstone vs Oanda
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Compare Pepperstone Vs Oanda Side by Side
Choosing between Pepperstone vs Oanda for your trading needs? We’ve compared Pepperstone Review and OANDA Review in detail to assist you in your decision to choose which broker caters more to your needs. Our analysis covers safety, fees, platforms, instruments, and deposit & withdrawal conditions, presented side by side for clarity.
Summary
| Feature | Pepperstone | ONDA |
|---|---|---|
| Website | //www.pepperstone.com | //www.oanda.com |
| Founded year | 2010 | 1996 |
| Headquarter | Australia | USA |
| Licenses | Australia, UK, Cyprus, Bahamas, Kenya, Germany, UAE | USA, UK, Australia, Canada, Singapore, Japan |
| Minimum Deposit | 200 US$ | 0 US$ |
| Trading Platforms | MT4, MT5, cTrader, TradingView | OANDA Trade, MT4, MT5 |
| Eurusd avg Spread | 0.77 pips | 1.2 pips |
Licenses
| Feature | Pepperstone | OANDA |
|---|---|---|
| Licenses Countries Info (short) |
|
|
Both Pepperstone vs OANDA are regulated by reputable financial authorities and hold multiple licenses in EU and offshore regions to facilitate international trading. However, OANDA stands out in this regard as it extends its services to US traders and possesses the necessary licenses for such operations, a distinction not shared by Pepperstone.
Broker Types
| Feature | Pepperstone | OANDA |
|---|---|---|
| Broker types |
|
|
Pepperstone stands out by offering traders an ECN execution model, giving access to tighter spreads and faster execution through direct market access. In contrast, OANDA serves as a Market Maker taking the opposing side of trades, offering a different trading experience suited to various preferences and strategies
Trading Conditions
| Feature | Pepperstone | OANDA |
|---|---|---|
| Trading Conditions |
|
|
Both Pepperstone and OANDA cater to beginners, but OANDA’s conditions appear somewhat more constrained in comparison to Pepperstone. Pepperstone distinguishes itself by providing guaranteed stop-loss options and the potential for trading with higher leverage, offering traders additional flexibility and risk management tools.
Fees & Commissions
| Fees & Commissions | Pepperstone | OANDA |
|---|---|---|
| Inactivity Feemonth | 0 $ | 12 $ |
| Deposit fee | 0 $ | 0 $ |
| Withdrawal fee | 0 $ | 0 $ |
| Rollover fee eurusd buy 1 lot | -0.693 | -0.9 |
| Rollover fee eurusd sell 1 lot | 0.301 | 2.75 |
| Avg Eurusd standard acc | 0.77 pips | 1.2 pips |
| Gold | 0.13 | 25.3 |
| Brent oil | 2.3 pips | 4 |
| Bitcoin | 31.39 | 51.7 |
OANDA tends to have slightly higher costs than Pepperstone, it imposes a $12 inactivity fee, and its spreads are in line with industry norms. In contrast, Pepperstone offers significantly lower spreads and doesn’t charge any commissions, making it a more cost-effective choice for traders.
Account Types
| Feature | Pepperstone | OANDA |
|---|---|---|
| Account types |
|
|
Pepperstone and OANDA both provide Standard accounts and Islamic accounts, but Pepperstone offers a more extensive array of account types to accommodate diverse trading preferences and needs. Additionally, Pepperstone offers both MAM and PAMM account
Markets & Instruments
| Markets & Instruments | Pepperstone | OANDA |
|---|---|---|
| Forex | 60+ | 71 |
| Indices | 14 | 16 |
| Commodities | 9 | 31 |
| Cryptocurrencies | 9 | 6 |
| Shares | 64 | ❌ |
| Bonds | ❌ | 3 |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | 60+ | 70 |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | 100+ | ❌ |
Pepperstone vs OANDA brokers both provide spread netting options for their UK traders and share a generally comparable range of available markets. However, OANDA holds a slight advantage by offering Bond trading in addition to these markets.
Trading Platforms
| Feature | Pepperstone | OANDA |
|---|---|---|
| Platforms |
|
|
Pepperstone and OANDA both offer industry-standard MT4 and MT5 platforms, but the key difference is that Pepperstone provides cTrader, which caters to more experienced traders with advanced charting and execution capabilities. OANDA, in addition to MetaTrader, offers its proprietary platform, potentially providing unique features tailored to its user base.
Deposit & Withdrawal Methods
| Feature | Pepperstone | OANDA |
|---|---|---|
| Payment methods |
|
|
Payment methods offered by Pepperstone vs OANDA are very much alike. Both brokers offer bank transfers, debit/credit cards, and some popular e-wallets.
Others
| Feature | Pepperstone | OANDA |
|---|---|---|
| Others |
|
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Others
Pepperstone vs OANDA both offers exceptional customer support, OANDA offers some educational content, albeit at a basic introductory level, while Pepperstone takes a more comprehensive approach, making it the preferred choice for novice traders seeking higher-quality educational resources.
Conclusion on OANDA vs Pepperstone
Concluding the Pepperstone vs OANDA comparison, both brokers emerge as trustworthy and dependable options with strong regulatory backgrounds. While both offer diverse trading conditions, Pepperstone stands out for its lower trading costs and superior educational resources, making it a more suitable choice for beginners. On the other hand, OANDA may be preferred by US traders, given its availability and the added advantage of offering Bond trading. Here is our final recommendation:
- Pepperstone — 🥇Lowest Spread Forex Broker being suitable for beginning traders.
- OANDA — 🥇 Best US Forex Trading Broker with good conditions
