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OANDA vs Pepperstone 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

In this head to head comparison of OANDA vs Pepperstone, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

OANDA
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 92
  • Tradeable Symbols (Total): 4172 info
Pepperstone
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 94
  • Tradeable Symbols (Total): 1726

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

Comparing online brokers OANDA and Pepperstone: OANDA was founded in 1996, while Pepperstone began in 2010. Neither company is publicly traded or a bank. According to ForexBrokers.com, Pepperstone holds a Trust Score of 94/99 and OANDA scores 92/99—both fall in the highly trusted range (90–99).

Regulatory coverage differs: OANDA holds 7 Tier-1 licenses (considered highly trusted by ForexBrokers.com), while Pepperstone holds 3 Tier-1 licenses. Pepperstone also has 2 Tier-2 licenses (considered trusted), whereas OANDA has none. These license totals show where each broker is authorized and supervised by leading regulators.

Feature OANDA logoOANDA
Pepperstone logoPepperstone
Year Founded info 1996 2010
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 7 3
Tier-2 Licenses info 0 2
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2

Fees

When it comes to commissions and fees, Pepperstone generally comes out ahead of OANDA for cost-conscious forex traders. OANDA’s pricing is usually on the higher side, with average EUR/USD spreads of about 1.61 pips on its standard setup, and its core pricing only becomes more attractive for very active traders who can meet the $10,000 minimum deposit. OANDA is rated 4 out of 5 stars for commissions and fees and ranks #30 out of 36 brokers in this category.

Pepperstone offers stronger value on its Razor account, where average EUR/USD spreads were listed at 0.10 pips in July 2024, and the all-in cost came to about 0.80 pips after commission. Its Standard account is less competitive, with an average EUR/USD spread of 1.1 pips, but Pepperstone’s Active Trader program can help lower costs for high-volume clients. Pepperstone is rated 5 out of 5 stars for commissions and fees and ranks #6 out of 36 brokers.

In simple terms, OANDA may appeal more to traders who want very small trade sizes and a range of account choices, while Pepperstone is the better pick if keeping trading costs low is the main goal. Both brokers offer fee discounts for active traders, but Pepperstone’s pricing is usually more attractive overall.

Feature OANDA logoOANDA
Pepperstone logoPepperstone
Minimum Deposit info $0 $0
Average spread (EUR/USD) - Standard account info 1.68 info 1.1 info
All-in Cost EUR/USD - Active info 1.69 info 0.8 info
Non-wire bank transfer info Yes info Yes
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When it comes to range of investments, OANDA offers a wider selection than Pepperstone overall. Both brokers support forex trading, including CFDs or spot contracts, and both provide copy trading and cryptocurrency CFDs. OANDA also stands out for its larger menu of tradeable symbols, with 4,172 compared with Pepperstone’s 1,726, and it offers slightly more forex pairs as well, with 69 versus 65.

OANDA also gives traders access to exchange-traded securities on both U.S. and international exchanges, so clients can buy real shares rather than only CFDs. In addition, OANDA lets users buy actual cryptocurrency, while Pepperstone does not. Reflecting this broader lineup, OANDA is rated 4.5 out of 5 for Range of Investments and ranks #20 out of 36 brokers at ForexBrokers.com, compared with Pepperstone’s 4 out of 5 rating and #23 ranking.

Feature OANDA logoOANDA
Pepperstone logoPepperstone
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 1726
Forex Pairs (Total) info 69 65
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes info Yes
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes info Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

OANDA and Pepperstone both give traders a wide set of platform choices, making either broker a solid fit for beginners and more active traders. Each offers a free demo account for paper trading, plus both their own in-house platform and the popular MetaTrader 4 and MetaTrader 5 options. You can also use either broker on desktop, in a web browser, or through copy trading tools, and both let you place trades directly from a chart.

When it comes to trading platforms and tools, OANDA and Pepperstone are closely matched, and each earns 4 out of 5 stars from ForexBrokers.com. OANDA is ranked #16 out of 36 brokers in this category, while Pepperstone sits at #21, giving OANDA a slight edge overall. If you want a broker with flexible platform access and useful chart-based trading features, both are competitive choices.

Feature OANDA logoOANDA
Pepperstone logoPepperstone
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
Charting - Indicators / Studies (Total) info 89 15
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

OANDA and Pepperstone both offer mobile trading apps for iPhone and Android, along with price alerts for stocks or forex. Each app also includes 30 technical studies for charting, plus useful drawing tools like trendlines that automatically save. In day-to-day use, that means both brokers give mobile traders the basics they need to track markets and manage charts while on the go.

The biggest difference is watchlist syncing. Pepperstone lets watchlists sync between the mobile app and your online account, so changes show up across devices, while OANDA does not. OANDA also comes out ahead in overall mobile app quality, with a 5-star rating and a #7 ranking out of 36 brokers from ForexBrokers.com, compared with Pepperstone’s 4-star rating and #19 ranking. For traders who want the stronger overall mobile experience, OANDA has the edge, while Pepperstone may appeal to users who value watchlist syncing.

Feature OANDA logoOANDA
Pepperstone logoPepperstone
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

OANDA and Pepperstone both give traders a solid set of market research tools. Each broker provides daily market commentary, news from top sources like Bloomberg, Reuters, and Dow Jones, Autochartist tools, sentiment data that shows long and short positioning, and an economic calendar for tracking major global events. Neither broker includes Trading Central, TipRanks, or Acuity Trading research tools, so their research offerings are quite similar in many key areas.

That said, OANDA has the edge overall for research. It earns a 5-star rating and ranks #4 out of 36 brokers for the Research category on ForexBrokers.com, while Pepperstone scores 4.5 stars and ranks #13. For traders who want a slightly stronger research experience, OANDA comes out ahead, even though Pepperstone still offers a well-rounded range of market research features.

Feature OANDA logoOANDA
Pepperstone logoPepperstone
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central info No No
Client sentiment data info Yes Yes
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When comparing OANDA and Pepperstone for beginner education, both brokers give new traders plenty to work with. Each offers forex and CFD learning content with at least 10 educational pieces, plus online client webinars held at least once a month. They also both provide at least 10 beginner videos and at least 10 advanced videos, so traders can start with the basics and keep learning as their skills grow.

In terms of ratings, OANDA has the edge with a 5-star Education score, while Pepperstone is close behind at 4.5 stars. That said, Pepperstone places slightly higher in ForexBrokers.com’s Education ranking, coming in at #15 out of 36 brokers compared with OANDA at #18. For beginners, both are solid choices, but OANDA stands out a little more for education quality, while Pepperstone shows a slightly stronger overall rank.

Feature OANDA logoOANDA
Pepperstone logoPepperstone
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than Pepperstone. OANDA finished with an overall rank of #13, while Pepperstone finished with an overall rank of #17.

A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.

Feature OANDA logoOANDA
Pepperstone logoPepperstone
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 92 94
Range of Investments 4.5/5 Stars 4/5 Stars
Trading Fees 4/5 Stars 5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Research 5/5 Stars 4.5/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with OANDA or Pepperstone?

In the OANDA vs Pepperstone comparison, OANDA lets you buy actual (delivered) cryptocurrencies and trade crypto CFDs, while Pepperstone offers only cryptocurrency CFDs and does not support purchasing real, delivered crypto.

What funding options does each broker offer?

In this deposit and withdrawal methods comparison of online brokers OANDA and Pepperstone, both support ACH/SEPA transfers, PayPal, and bank wires; only OANDA offers Skrill, and Visa/Mastercard availability is not specified for either.

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Overall Rating OANDA Pepperstone
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trading Fees 4/5 Stars 5/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 92 94
Winner check_circle
Review OANDA Review Pepperstone Review
Broker Screenshots OANDA Pepperstone
Broker Gallery (click to expand) info
OANDA fxTrade mobile trading app charting OANDA Trade web platform. OANDA's website features research in the form of its MarketPulse blog, which includes news, analysis, and articles. The OANDA website's educational hub features webinars and videos covering current events and financial analysis.
Pepperstone cTrader mobile watchlist Pepperstone TradingView platform web. Pepperstone research The Daily Fix analysis articles. Pepperstone educational learning center.
Regulation OANDA Pepperstone
Trust Score info 92 94
Year Founded info 1996 2010
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 7 3
Tier-2 Licenses info 0 2
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2
Tier-1 Licenses (Highly Trusted) OANDA Pepperstone
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (FSA Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) OANDA Pepperstone
Kenya (CMA Authorised) info Yes
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or CMA Authorised) info No Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments OANDA Pepperstone
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 1726
Forex Pairs (Total) info 69 65
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes info Yes
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes info Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost OANDA Pepperstone
Average spread (EUR/USD) - Standard account info 1.68 info 1.1 info
All-in Cost EUR/USD - Active info 1.69 info 0.8 info
Inactivity Fee info Yes No
Order execution: Agency info No Yes
Order execution: Market Maker info Yes Yes
Funding OANDA Pepperstone
Minimum Deposit info $0 $0
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes info Yes
Trading Platforms OANDA Pepperstone
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
cTrader info No Yes
Trading Tools OANDA Pepperstone
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 89 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading OANDA Pepperstone
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research OANDA Pepperstone
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central info No No
TipRanks info No No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education OANDA Pepperstone
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Major Forex Pairs OANDA Pepperstone
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review OANDA Review Pepperstone Review
Overall OANDA Pepperstone
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trading Fees 4/5 Stars 5/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 92 94
Winner check_circle
Review OANDA Review Pepperstone Review
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