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 well-known online brokers. Pepperstone was founded in 2010, while Vantage began in 2009. Neither company is publicly traded, and neither is a bank. According to ForexBrokers.com, Pepperstone holds a Trust Score of 94/99 and Vantage scores 91/99—both fall in the 90–99 range, which is considered highly trusted (80–89 trusted, 70–79 average risk, 60–69 high risk, below 59 not trusted).
When it comes to regulation, Pepperstone holds 3 Tier-1 licenses and 2 Tier-2 licenses, compared with Vantage’s 2 Tier-1 and 1 Tier-2 licenses. In plain terms, Pepperstone has a slightly wider set of top-tier regulators overseeing it, while Vantage also maintains strong oversight, just with fewer licenses.
| 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 scores higher than Vantage for commissions and fees, thanks to its low-cost Razor account and extra savings for active traders. On the Razor account, Pepperstone’s EUR/USD pricing was 0.10 pips on average, and after commission, the all-in cost came to about 0.80 pips. Its Standard account is simpler because it does not charge commission, but the spread is wider at about 1.1 pips, making it the pricier choice overall. Pepperstone is rated 5/5 stars and ranks #6 out of 36 brokers for commissions and fees.
Vantage also offers several account types, but its pricing is a bit less competitive overall. The Standard STP account is spread-only and showed a typical EUR/USD spread of 1.30 pips, while the RAW ECN account had average spreads of 0.15 pips plus a $3 commission per side, which worked out to about 0.75 pips all-in. Vantage’s PRO ECN account has its best pricing, with a $2 per-side commission, but it has stricter account requirements. Vantage is rated 4.5/5 stars and ranks #12 out of 36 brokers for commissions and fees.
For active traders, both brokers offer rebates, but Pepperstone’s program can be more appealing for high-volume forex clients, while Vantage’s rebates apply only to its Standard account, which has the highest spreads. Overall, Pepperstone has the edge for traders focused on lower trading costs, especially on commission-based accounts.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Minimum Deposit | $0 | $50 |
| Average spread (EUR/USD) - Standard account | 1.1 | 1.32 |
| All-in Cost EUR/USD - Active | 0.8 | 0.72 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and Vantage both give traders access to forex as CFDs or spot contracts, along with copy trading and cryptocurrency CFDs. Neither broker offers direct ownership of U.S. or international exchange-traded shares, and neither lets clients buy actual cryptocurrency for delivery. In other words, both platforms focus on trading products rather than long-term investing in real stocks or coins.
Where Pepperstone stands out is range: it offers 1,726 tradeable symbols and 65 forex pairs, compared with Vantage’s 1,000 symbols and 61 forex pairs. That wider list helps Pepperstone edge ahead for choice, and it is reflected in its Range of Investments score of 4 stars and its ForexBrokers.com ranking of #23 out of 36 brokers. Vantage still offers a solid selection, but it comes in slightly behind with 3.5 stars and a #32 ranking.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 1000 |
| Forex Pairs (Total) | 65 | 61 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| 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 Vantage are closely matched when it comes to trading platforms and tools. Both brokers offer free demo accounts for paper trading, along with their own proprietary platforms, Windows desktop downloads, web-based platforms, copy trading, MetaTrader 4, and MetaTrader 5. Traders can also place orders directly from charts with either broker, which makes managing positions more convenient for active users.
For platform quality, both Pepperstone and Vantage are rated 4 out of 5 stars by ForexBrokers.com. In the site’s ranking of 36 brokers for trading platforms and tools, Vantage sits just ahead at #20, while Pepperstone is ranked #21. Overall, the difference is small, and both brokers offer a wide range of tools that should suit many types of traders.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Vantage both offer mobile trading apps for iPhone and Android, so either broker gives traders a convenient way to manage positions on the go. Each app also supports stock and forex price alerts, 30 technical studies for charting, trendline drawing, and auto-saving of chart drawings. In ForexBrokers.com’s Mobile Trading Apps category, both brokers are rated 4 out of 5 stars, so the overall app experience is fairly similar.
The main difference is watchlist syncing. Pepperstone lets you sync watchlists between the mobile app and your online account, making it easier to keep your lists updated across devices, while Vantage does not offer this feature. That edge helps Pepperstone finish higher in the category, ranked #19 out of 36 brokers versus Vantage at #24. If watchlist syncing matters to you, Pepperstone has the better mobile app setup; if not, both brokers deliver a similar trading app experience.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone and Vantage both give traders useful market research features, including daily market commentary, forex news from major sources like Bloomberg, Reuters, or Dow Jones, Autochartist tools, sentiment indicators, and an economic calendar with key global events. Both brokers also cover the basics well for traders who want help tracking news, price action, and market mood.
The main difference is that Vantage also includes Trading Central research tools, while Pepperstone does not. That extra feature helps Vantage edge ahead in some areas, but Pepperstone still holds the stronger overall research score, with 4.5 out of 5 stars and a #13 ranking from ForexBrokers.com compared with Vantage’s 4 stars and #20 ranking.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | Yes |
| 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 Vantage both give beginners plenty of learning support, including forex and CFD education with at least 10 pieces of content, monthly educational webinars, and at least 10 beginner videos plus 10 advanced videos. That means either broker can help new traders get started with the basics and keep learning as their skills grow. In a direct comparison, Pepperstone has the edge on quality and recognition, with a 4.5-star Education rating and a #15 ranking out of 36 brokers from ForexBrokers.com.
Vantage also offers a solid set of beginner-friendly and advanced learning materials, along with regular webinars, making it a good choice for traders who want access to educational content. However, it trails Pepperstone in this area, earning a 4-star Education rating and ranking #23 out of 36 brokers for Education. For beginners looking for the stronger overall educational experience, Pepperstone comes out ahead, while Vantage still provides useful resources for learning the basics.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Webinars | Yes | Yes |
| 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 Vantage. Pepperstone finished with an overall rank of #17, while Vantage finished with an overall rank of #24.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
|
Vantage
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 94 | 91 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Pepperstone vs Vantage: both brokers do not support buying actual (delivered) cryptocurrency, but each offers cryptocurrency CFD trading for speculating on crypto price movements without owning the underlying asset.
Comparing online brokers Pepperstone vs Vantage for deposit and withdrawal methods: Pepperstone supports ACH/SEPA, PayPal, and bank wire transfers but not Skrill, while Vantage supports PayPal, Skrill, and bank wires but not ACH/SEPA; Visa/Mastercard availability is not specified for either broker.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Pepperstone | Vantage | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 91 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Vantage Review |
| Broker Screenshots | Pepperstone | Vantage | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | Pepperstone | Vantage | |
|---|---|---|---|
| Trust Score | 94 | 91 | |
| 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 (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 | No |
| Tier-2 Licenses (Trusted) | Pepperstone | Vantage | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Pepperstone | Vantage | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 1000 | |
| Forex Pairs (Total) | 65 | 61 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| 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 | Vantage | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.1 | 1.32 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.72 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Vantage | |
|---|---|---|---|
| Minimum Deposit | $0 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Pepperstone | Vantage | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | Pepperstone | Vantage | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Pepperstone | Vantage | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Vantage | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Pepperstone | Vantage | |
|---|---|---|---|
| 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 | Vantage Review |
| Overall | Pepperstone | Vantage | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 91 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Vantage Review |
IG
FOREX.com
CMC Markets
XTB
eToro
AvaTrade
Pepperstone
FP Markets
Tickmill