Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs Vantage, 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 and Vantage are both well-established online brokers, with Pepperstone founded in 2010 and Vantage in 2009. Neither of these companies is publicly traded, nor are they banks. However, when it comes to regulatory oversight, Pepperstone holds three Tier-1 licenses and two Tier-2 licenses, while Vantage has two Tier-1 licenses and one Tier-2 license. According to ForexBrokers.com, this makes Pepperstone and Vantage highly trusted, reflected in their Trust Scores of 95 and 90, respectively.
Both brokers are well-regarded in the industry for their regulatory standing, but Pepperstone edges out slightly with one more Tier-1 and Tier-2 license. Whether you're more inclined towards Pepperstone’s slightly higher trust rating or Vantage’s longstanding presence since 2009, both offer a solid level of security and credibility for traders. Consider these Trust Scores as a reassurance of the safety of your investments with either broker.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
When comparing the commissions and fees of online brokers Pepperstone and Vantage, both brokers offer competitive options but with distinct account structures and pricing tiers. Pepperstone stands out with its Razor account, designed for high-volume traders. This account features a commission-based pricing structure in addition to spreads, with an average spread of 0.10 pips for EUR/USD and a total cost of 0.80 pips when including commissions. Their Standard account, however, is commission-free but tends to incur higher costs, with average spreads at 1.1 pips. For traders keen on reducing trading costs further, Pepperstone offers an Active Trader program that provides rebates on spreads based on trading volume.
Vantage, on the other hand, offers three account types where trading costs vary. Its spread-only Standard STP account features typical spreads of 1.30 pips on EUR/USD. The RAW ECN account offers more competitive spreads at 0.15 pips but adds a commission of $6 per round turn, totaling 0.75 pips. Their PRO ECN account allows for the lowest costs, with a commission of $4 per round turn, but comes with specific entry requirements depending on the Vantage entity. Active traders at Vantage can also benefit from a rebate program that provides cash back based on account balance and trading volume, exclusively available for the Standard account.
Pepperstone and Vantage both earn a solid 4.5-star rating for their commissions and fees, reflecting their competitive pricing structures. When ranked among 62 brokers by ForexBrokers.com, Pepperstone takes the 10th spot, while Vantage is positioned at 18th. This indicates a slight edge for Pepperstone in terms of pricing competitiveness, especially for high-volume and professional traders looking for lower overall trading costs.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average Spread EUR/USD - Standard | 1.00 | 1.30 |
| All-in Cost EUR/USD - Active | 0.70 | 0.75 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and Vantage both facilitate forex trading by offering CFDs or spot contracts, providing traders with access to the forex market. Pepperstone stands out with a massive selection of 1,726 tradeable symbols, including 65 forex pairs, compared to Vantage's offerings of 1,000 tradeable symbols and 57 forex pairs. When it comes to exchange-traded securities, neither broker provides access to shares on U.S. or international stock exchanges. For those interested in exploring the crypto market, both brokers offer cryptocurrency derivatives, but not the actual cryptocurrencies. Moreover, both Pepperstone and Vantage support copy trading for investors looking to mirror the moves of seasoned traders.
In terms of investment range, Pepperstone is rated higher, receiving 4 out of 5 stars, compared to Vantage's 3.5-star rating. This higher ranking is reinforced by ForexBrokers.com's assessment, where Pepperstone holds the 26th spot out of 62 brokers, while Vantage trails at 50th place. These differences highlight Pepperstone's broader set of tradeable instruments and a slightly wider array of forex pairs for more diverse trading opportunities. Whether you’re focused on forex, cryptocurrencies, or strategic copy trading, Pepperstone and Vantage each bring their own strengths to the table. However, Pepperstone may offer a touch more variety and choice for the discerning trader.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 1000 |
| Forex Pairs (Total) | 65 | 57 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When comparing the trading platforms and tools of Pepperstone and Vantage, both online brokers offer a range of features that cater to varied needs of traders. Each provides a free virtual demo account, allowing users to practice trading without financial risks. Both brokers have developed proprietary platforms and also support popular options like MetaTrader 4 and MetaTrader 5. Web-based and Windows-based desktop platforms are available from both, ensuring flexible access for users. Additionally, copy trading options are supported by both brokers; however, Vantage takes an edge by offering ZuluTrade, unlike Pepperstone. While Pepperstone offers 30 drawing tools for charting purposes, Vantage provides 15, yet both facilitate direct trading from stock charts.
For traders interested in charting features, both brokers deliver a satisfactory experience with competitive technical tools. Watchlists offered by each come equipped with seven customizable fields. In terms of overall platform ratings, both Pepperstone and Vantage achieve a solid four-star evaluation, although Vantage ranks slightly higher at #15 compared to Pepperstone's #22 in the ForexBrokers.com Trading Platforms and Tools category. Whether you're prioritizing demo trading, charting tools, or specific platform accessibility, both brokers offer compelling features to meet typical trading demands.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | Yes | Yes |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Vantage both provide iPhone and Android apps, allowing traders flexibility in how they access the market. Whether you're following forex or stock prices, both platforms offer price alerts to enable timely responses to market changes. For those who value organization, Pepperstone’s app takes it a step further by offering watchlist symbol syncing. This means your watchlist updates automatically between the app and your online account, a feature not yet available in Vantage’s mobile experience.
When it comes to charting, both Pepperstone and Vantage pack a punch with 30 technical studies available, alongside the ability to draw trendlines and view various time frames. Each app also goes the extra mile to auto-save chart drawings, helping keep your analysis intact. Keen on real-time updates? Both apps allow for the creation of watchlists with live quotes. Review-wise, both Pepperstone and Vantage score 4 out of 5 stars for their mobile trading apps. However, Pepperstone has a slight edge, ranking 21st in ForexBrokers.com's Mobile Trading Apps category, compared to Vantage’s 26th spot out of 62 brokers.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone and Vantage both provide daily market commentary and forex news from reputable sources like Bloomberg and Reuters, offering traders timely insights. Both platforms also present a sentiment-based trading tool that reflects the ratio of long and short positions, alongside a comprehensive economic calendar detailing global news events. However, a key difference emerges with technical analysis tools: Pepperstone includes offerings from Autochartist, enhancing its technical research capabilities, while Vantage features resources from Trading Central. Neither broker incorporates research tools from TipRanks or Acuity Trading.
In terms of research quality, Pepperstone outshines with a higher rating of 4.5 stars, compared to Vantage's 4 stars. This difference is further highlighted in their rankings by ForexBrokers.com out of 62 brokers, where Pepperstone secures the 12th spot, while Vantage ranks at 24. These ratings suggest Pepperstone may offer a more comprehensive research experience, potentially appealing more to traders who prioritize in-depth analysis and numerous research tools.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone and Vantage both provide accessible educational resources for beginners interested in trading forex or CFDs. Both platforms offer a range of over 10 educational pieces, including articles, videos, and archived webinars, which provide essential insights into these trading subjects. Additionally, they hold monthly webinars that are ideal for continuous learning. For those who miss these live sessions, Pepperstone and Vantage maintain a searchable archive of recorded webinars, ensuring that key lessons are always available for review. Beginner traders can also benefit from over 10 specialized videos offered by each platform, which simplify complex trading topics for those just starting out.
Furthermore, Pepperstone and Vantage cater to more advanced traders by offering at least 10 advanced videos focused on trading strategies. Both platforms also include an investor dictionary with definitions of more than 50 investment terms, supporting a comprehensive understanding of market jargon. When it comes to educational quality and breadth, Pepperstone has an edge with a 4.5-star rating compared to Vantage’s 4-star rating. As ranked by ForexBrokers.com, Pepperstone achieves an impressive 18th place out of 62 brokers in the Education category, outpacing Vantage’s 27th position. This suggests that Pepperstone might be a slightly stronger choice for those prioritizing educational resources.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Pepperstone is better than Vantage. Pepperstone finished with an overall rank of #16, while Vantage finished with an overall rank of #26.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
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Vantage
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 90 |
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Both Pepperstone and Vantage do not provide the option to purchase actual (delivered) cryptocurrency, but they each offer the ability to trade cryptocurrency derivatives.
Pepperstone provides a wider variety of funding options compared to Vantage, offering ACH, SEPA, PayPal, Skrill, Visa/Mastercard, and bank wire transfers, while Vantage facilitates deposits and withdrawals via PayPal, Skrill, Visa/Mastercard, and bank wire transfers, but lacks ACH and SEPA capabilities.
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 | Vantage | |
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| Trust Score | 95 | 90 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Vantage Review |
| Broker Screenshots | Pepperstone | Vantage | |
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| Regulation | Pepperstone | Vantage | |
|---|---|---|---|
| Trust Score | 95 | 90 | |
| Year Founded | 2010 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | Vantage | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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 | No |
| Tier-2 Licenses (Trusted) | Pepperstone | Vantage | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Pepperstone | Vantage | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 1000 | |
| Forex Pairs (Total) | 65 | 57 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | Vantage | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | 1.30 | |
| All-in Cost EUR/USD - Active | 0.70 | 0.75 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Vantage | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Pepperstone | Vantage | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | Yes | Yes | |
| ZuluTrade | No | Yes |
| Trading Tools | Pepperstone | Vantage | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | Vantage | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Pepperstone | Vantage | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Vantage | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Pepperstone | Vantage | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Pepperstone Review | Vantage Review |
| Overall | Pepperstone | Vantage | |
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| Trust Score | 95 | 90 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Vantage Review |
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