Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs Trading 212, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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.
Pepperstone (founded 2010) and Trading 212 (founded 2004) are online brokers; neither is publicly traded or a bank. On ForexBrokers.com’s Trust Score scale, 90–99 = highly trusted, 80–89 = trusted, 70–79 = average risk, 60–69 = high risk, and under 59 = not trusted.
Regulation: each holds three Tier-1 licenses (considered highly trusted by ForexBrokers.com). Pepperstone also holds two Tier-2 licenses (trusted), while Trading 212 holds none. Pepperstone’s Trust Score is 94 (highly trusted); Trading 212’s is 82 (trusted).
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Year Founded | 2010 | 2004 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 3 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
Pepperstone offers better value for traders who want low-cost forex and CFD pricing, especially on its Razor account. That account uses a commission-based setup and, as of July 2024, showed an average EUR/USD spread of 0.10 pips, which works out to about 0.80 pips all-in after commission. Its Standard account is commission-free, but the average EUR/USD spread was 1.1 pips, making it the pricier choice overall. Pepperstone also has an Active Trader program that can lower costs further for high-volume clients through spread rebates. Pepperstone earns 5 stars and ranks #6 out of 36 for commissions and fees.
Trading 212 markets its CFD account as zero-commission, but traders still pay the spread, which is where the real cost shows up. In April 2025, its average EUR/USD spread was 2.7 pips, well above the industry average and much higher than Pepperstone’s pricing. Trading 212 has started publishing average spread data, which is helpful for transparency, but its costs still make it less competitive for active forex and CFD traders. Trading 212 earns 4 stars and ranks #27 out of 36 for commissions and fees.
In simple terms, Pepperstone is the cheaper pick for most forex and CFD traders, especially if you use the Razor account or qualify for Active Trader discounts. Trading 212 may appeal to those who prefer a commission-free message, but its wider spreads can make trading more expensive in practice.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Minimum Deposit | $0 | €1 |
| Average spread (EUR/USD) - Standard account | 1.1 | 2.7 |
| All-in Cost EUR/USD - Active | 0.8 | 2.7 |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and Trading 212 both let you trade forex as CFDs or spot contracts, and both offer cryptocurrency CFDs. Where they differ is in the size and type of markets you can access. Pepperstone lists 1,726 tradeable symbols and 65 forex pairs, while Trading 212 offers a much wider choice with 13,000 symbols and 180 forex pairs. Trading 212 also stands out for letting clients buy real, exchange-traded shares on U.S. and international exchanges, as well as actual cryptocurrency. Pepperstone does not offer direct share dealing or spot crypto buying, but it does support copy trading, which Trading 212 does not.
For range of investments, Trading 212 comes out ahead with a 5-star rating and a ForexBrokers.com ranking of 15th out of 36 brokers, compared with Pepperstone’s 4-star rating and 23rd-place ranking. In simple terms, if you want the broader choice of markets and the ability to buy real stocks and crypto, Trading 212 has the edge. If copy trading matters more to you, Pepperstone may be the better fit.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 13000 |
| Forex Pairs (Total) | 65 | 180 |
| U.S. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | Yes |
| Cryptocurrency (CFDs) | Yes | 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.
Pepperstone and Trading 212 both give traders a free demo account and a web-based platform, and both let you trade directly from a chart. Each also earns 4 out of 5 stars for Trading Platforms and Tools, so both are solid choices for everyday use. That said, Pepperstone offers more platform options overall, including its own in-house platform, a Windows desktop download, MetaTrader 4, MetaTrader 5, and copy trading. Trading 212, by contrast, keeps things simpler and does not offer a proprietary desktop platform, MT4, MT5, or copy trading.
For traders who want more ways to access markets and more advanced platform choices, Pepperstone has the edge. Trading 212 still stands out for its easy browser platform and chart trading, and it ranks slightly higher in this category with ForexBrokers.com, placing #19 out of 36 brokers versus Pepperstone’s #21. In short, Pepperstone is the better fit for those who want more trading tools, while Trading 212 may appeal to users who prefer a more streamlined experience.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 15 | 102 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Trading 212 both offer mobile trading apps for iPhone and Android, so either broker gives you a way to trade and track markets on the go. Each app also includes price alerts, watchlist syncing between the mobile app and online account, trendline drawing on charts, and auto-saving for chart drawings. In short, both platforms cover the main mobile trading needs that most everyday users look for.
The biggest difference is in charting tools. Pepperstone’s mobile app includes 30 technical studies, while Trading 212 offers 104, giving Trading 212 the edge for traders who want more chart indicators on mobile. Still, both brokers earn a 4-star rating for mobile trading apps. In ForexBrokers.com’s ranking of 36 brokers, Pepperstone places #19 and Trading 212 ranks slightly higher at #17, making Trading 212 the stronger pick overall for mobile trading apps.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 104 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone comes out ahead of Trading 212 for market research, mainly because it offers daily market commentary and access to Autochartist tools, which Trading 212 does not. Both brokers provide forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, along with a sentiment tool that helps traders see the balance of long and short positions across markets. Each also includes an economic calendar for tracking upcoming global events, while neither broker offers research from Trading Central, TipRanks, or Acuity Trading.
Overall, Pepperstone has the stronger research offering, with a 4.5-star rating and a #13 ranking out of 36 brokers for the Research category on ForexBrokers.com. Trading 212 is still useful for basic market information, but it trails behind with a 3.5-star research rating and a #32 ranking. For traders who want more market insight and added analysis tools, Pepperstone is the better pick.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone and Trading 212 both give beginners plenty of learning content, including at least 10 beginner videos and 10 advanced videos on trading topics. However, Pepperstone goes further with forex and CFDs education, regular online client webinars at least once a month, and a stronger overall Education score of 4.5 out of 5. It is also ranked #15 out of 36 brokers by ForexBrokers.com for education, which suggests a more complete learning setup for new traders.
Trading 212 also offers forex or CFDs learning materials and a solid range of beginner and advanced videos, but it does not run monthly educational webinars. Its Education rating is 3.5 out of 5, and it ranks #20 out of 36 for education. For beginners who want more live learning support and a slightly stronger educational experience, Pepperstone has the edge, while Trading 212 still provides a useful starting point.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Pepperstone is better than Trading 212. Pepperstone finished with an overall rank of #17, while Trading 212 finished with an overall rank of #25.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
|
Trading 212
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 82 |
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Pepperstone vs Trading 212: Pepperstone does not offer buying actual (delivered) cryptocurrency but does support cryptocurrency CFDs, while Trading 212 provides both real crypto purchases and crypto CFD trading.
Pepperstone vs Trading 212: both brokers support ACH/SEPA transfers and bank wire deposits/withdrawals, Pepperstone additionally accepts PayPal (Trading 212 does not), neither supports Skrill, and Visa/Mastercard availability is not specified.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Pepperstone | Trading 212 | |
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| Trust Score | 94 | 82 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Trading 212 Review |
| Broker Screenshots | Pepperstone | Trading 212 | |
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| Regulation | Pepperstone | Trading 212 | |
|---|---|---|---|
| Trust Score | 94 | 82 | |
| Year Founded | 2010 | 2004 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 3 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | Trading 212 | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Pepperstone | Trading 212 | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Pepperstone | Trading 212 | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 13000 | |
| Forex Pairs (Total) | 65 | 180 | |
| U.S. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | Yes | |
| Cryptocurrency (CFDs) | Yes | 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 | Pepperstone | Trading 212 | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.1 | 2.7 | |
| All-in Cost EUR/USD - Active | 0.8 | 2.7 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Trading 212 | |
|---|---|---|---|
| Minimum Deposit | $0 | €1 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | Pepperstone | Trading 212 | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No |
| Trading Tools | Pepperstone | Trading 212 | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 102 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | Trading 212 | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 104 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Pepperstone | Trading 212 | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Trading 212 | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Pepperstone | Trading 212 | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Pepperstone Review | Trading 212 Review |
| Overall | Pepperstone | Trading 212 | |
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| Trust Score | 94 | 82 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Trading 212 Review |
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