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 | 3 |
Pepperstone and Vantage offer varied pricing structures depending on the account type you choose. Pepperstone's Razor account is favored by high-volume traders for its competitive pricing when paired with the Active Trader program. It offers an average spread of 0.10 pips on the EUR/USD, plus a commission equivalent of 0.70 pips, totaling 0.80 pips. In contrast, its Standard account is commission-free with a higher average spread of 1.1 pips. Active traders can benefit from rebates, with larger discounts available for those trading higher volumes in the UK, EU, and Australia.
Vantage also offers different accounts with distinct pricing: the Standard STP account features an average spread of 1.30 pips on the EUR/USD, while the RAW ECN account offers better pricing with a 0.15 pip spread and a $6 commission per round turn, totaling 0.75 pips. The PRO ECN account is competitive, showing a per-side commission of $2. Requirements for this account vary by regulatory entity and may include wholesale client status or specific deposit levels. Vantage's active trader program provides rebates on the Standard account, but it isn’t available for more cost-effective accounts.
Both brokers receive a strong 4.5-star rating for commissions and fees. However, Pepperstone is ranked higher at 10th place among 62 brokers by ForexBrokers.com, while Vantage is positioned at 19th. This reveals that while both brokers offer competitive pricing options, Pepperstone edges out slightly in terms of overall fee advantages.
| 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 | Yes |
| 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.
When it comes to the variety of investments available, both Pepperstone and Vantage offer a comprehensive selection, but with some key differences. Pepperstone outshines in the number of tradable symbols, offering investors a choice of 1,726 compared to Vantage's 1,000. Both brokers provide forex trading as a CFD or spot contract, with Pepperstone offering 65 forex pairs and Vantage offering 61. While neither broker provides options for trading exchange-traded securities on U.S. or international markets, they both support copy trading and the purchase of cryptocurrency derivatives, though not actual cryptocurrencies.
In terms of ratings, Pepperstone is awarded 4 stars for its range of investments, placing it at #26 out of 62 brokers according to ForexBrokers.com. This indicates a slightly superior offering compared to Vantage, which holds a 3.5-star rating, ranking it at #50. Investors looking for a broader selection of tradable instruments might find Pepperstone's offerings more attractive. However, both brokers are well-suited for those interested in forex trading, copy trading, and cryptocurrency derivatives.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 1000 |
| Forex Pairs (Total) | 65 | 61 |
| 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 brokers offer a robust selection to cater to traders' needs. Both provide simulated trading through free virtual demo accounts, allowing newcomers to practice before investing real money. Additionally, each of them has developed their own proprietary platforms, alongside offering popular third-party options like MetaTrader 4 and MetaTrader 5. Windows-based desktop downloads and web-based browser platforms are available with both brokers, ensuring flexibility in how traders can access their accounts. For traders interested in social trading, copy trading is supported by each broker, although neither offers ZuluTrade.
In terms of charting capabilities, Pepperstone steps ahead slightly with 30 drawing tools compared to Vantage's 15, providing a more detailed technical analysis experience. Both facilitate direct trading from charts and support seven columns for watch lists. Their trading platforms and tools have earned each a respectable 4-star rating. However, when ranked by ForexBrokers.com, Vantage narrowly leads, coming in at number 21 out of 62 brokers compared to Pepperstone's 22nd position. Despite these slight differences, both brokers present a compelling suite of platforms and tools for traders at all levels.
| 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 | No |
| 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 offer comprehensive mobile trading experiences with apps available for iPhone and Android devices. Both brokers provide traders with essential features like price alerts for stocks and forex, as well as the ability to draw trendlines on charts. Each platform allows users to access multiple time frames, including daily, weekly, and intraday views, making technical analysis convenient on the go. In terms of watchlist management, Pepperstone takes the lead by offering symbol syncing between its mobile app and online account, a feature that Vantage lacks. While both apps allow the creation of watchlists with real-time quotes, only Pepperstone ensures your watchlist modifications stay updated across platforms.
When it comes to charting capabilities, both brokers offer 30 technical studies, allowing for detailed market analysis directly from your mobile device. The apps also auto-save any drawings made on charts, ensuring that your technical insights aren't lost. In ratings, both apps receive a commendable four out of five stars for their mobile offerings. However, according to ForexBrokers.com, Pepperstone ranks slightly higher at #21 among 62 brokers, whereas Vantage holds the #27 spot. This distinction might reflect the additional syncing feature and the slightly more polished user experience offered by Pepperstone's mobile solution.
| 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.
Both Pepperstone and Vantage offer strong market research features, providing traders with valuable insights and tools. Traders using these platforms can benefit from daily market commentary and access forex news from top-tier sources like Bloomberg and Reuters. In addition, both brokers offer tools from Autochartist for technical and fundamental analysis, along with sentiment-based trading tools that highlight long and short positions across various instruments. Economic calendars are also available on both platforms, helping traders keep track of key global events.
However, there are differences in the offerings from each broker. While Vantage supports tools from Trading Central, Pepperstone does not include these services in its research tools. Neither broker offers market research from TipRanks or analysis tools from Acuity Trading. When it comes to overall rating for research, ForexBrokers.com rates Pepperstone at 4.5 stars, ranking it 12th out of 62 brokers, whereas Vantage receives a 4-star rating and is ranked 21st. This suggests that while both brokers provide comprehensive research tools, Pepperstone has a slight edge in this category.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| 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.
For beginners exploring the world of online trading, both Pepperstone and Vantage provide comprehensive educational resources to help them start their journey. Pepperstone offers over ten educational pieces focused on forex and CFDs, ensuring that newcomers have an array of articles, videos, and archived webinars to choose from. Vantage also matches this with its own collection of educational materials. Both platforms conduct regular online webinars, at least one per month, and maintain a searchable archive of recorded sessions, making it easy for beginners to catch up on missed live events. Moreover, each broker offers over ten beginner-friendly videos that cover essential trading topics, coupling these with advanced content for experienced traders who want to deepen their knowledge.
Both Pepperstone and Vantage enhance their education offerings with comprehensive investor dictionaries that define at least 50 investing terms, which is an excellent resource for those new to trading jargon. In terms of educational quality and accessibility, Pepperstone earns a slightly higher rating of 4.5 stars compared to Vantage's 4 stars. Rankings by ForexBrokers.com place Pepperstone at 18th and Vantage at 24th out of 62 brokers for their education offerings. This suggests that while both brokers provide valuable resources for beginners, Pepperstone is slightly more lauded for its educational content in the trading community.
| 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 |
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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 | 3 |
| 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 | 61 | |
| 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 | Yes | |
| 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 | No |
| 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 | Yes | |
| 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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