Compare Pepperstone Vs OANDA: Which is the Better Forex Broker in 2024?
Pepperstone Vs OANDA, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Pepperstone Vs OANDA, here is the direct comparison:
Compare | Pepperstone | OANDA |
General Rating |
3.31/5 |
3.11/5 |
Score | ||
Trustpilot |
4.6/5 1965 users |
3.6/5 544 users |
πΌ Regulation | ||
β Info | ||
β Established | 2010 | 1996 |
π² Min Deposit | $0 | $0 |
β Max Leverage | 1:400 | 1:20 |
π’ Spread | Variable | Fixed |
πΈ Commissions | $7 | -$50/Mil commission for Core pricing |
π‘ Min Position | 0.01 lot | 0.00001 lot |
π³ Payment | Credit/debit cards, PayPal, UnionPay, Wire transfer, Neteller and Skrill | Visa, Mastercard, ACH deposits, Bank transfer, Credit/debit cards, Wire transfer, Skrill and Neteller |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Silver | ||
Index | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | Chinese, English, Russian | English |
πͺ Trade Now | Open Pepperstone | Open OANDA |
Compare Again
Testimonials
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Pepperstone: Do not use this company!
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Pepperstone: Great support team
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Pepperstone: Great platform!
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Pepperstone: dissapointing!
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Pepperstone: Really bad for scalping
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OANDA: Les risk
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OANDA: OANDA is the best broker I've ever know.
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OANDA: My EA doesn't work very well after some time. So...
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OANDA: My friend recommend me to trade with OANDA. But it...
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OANDA: I realize half on these commentaries are only half reliable....
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See More Pepperstone Testimonials
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See More OANDA Testimonials
News
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Tennis Legend McEnroe Teams Up with Pepperstone as Brand Ambassador
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Pepperstone Partners with AFC Asian Cup for Enhanced Fan Experience
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Pepperstone Secures Dianah Njeri Igati as the New Regional Head of Compliance
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Barcelona Striker Robert Lewandowski Becomes OANDA Brand Ambassador
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Pepperstone Presents Spread Betting on TradingView Platform
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OANDA Acquired Crypto Exchange Coinpass
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CySEC Exposed OANDA TMS Clone Website
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Rafal Slon Joins OANDA as Managing Director for Australia
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Lawrence Jones Returns to Pepperstone as Head Digital Acquisition
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See More Related Pepperstone News
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See More Related OANDA News
Article
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5 Ways Pepperstone Automated Trading Can Help You
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What Can You Get from Pepperstone Smart Trader Tools?
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Guide to Choose the Best OANDA Platform
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Comparing Pepperstone and FP Markets Trading App
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Standard Account Comparison: IC Markets or OANDA?
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3 Ways Pepperstone Provides the Best Trading Resources
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FP Markets Vs Pepperstone for Cryptocurrency Trading
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FP Markets Vs Pepperstone Social Trading Comparison
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Forex Brokers in 2022: How OANDA Performed
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See More Related Pepperstone Article
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See More Related OANDA Article
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Pepperstone provides their pricing with Variable spread while OANDA offers Fixed spread.
Pepperstone vs OANDA: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, Pepperstone enables trading with MetaTrader 4, MetaTrader 5, cTrader, TradingView, Social trading, Web. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, OANDA provides trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4 with the support of .
Is Pepperstone or OANDA better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, Pepperstone supports trading with Forex, Gold & silver, Crypto, Stocks, CFD, Indexes, Oil, Metals, Energies, Soft Commodities, Agriculture, Spread Betting (only for UK clients), ETF, while OANDA presents the ability of trading with Forex, Gold & silver, CFD, Crypto, Stock, Indices, Commodities, etf.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to Pepperstone and OANDA:
- Compare Pepperstone vs JustMarkets
- Compare Pepperstone vs BDSwiss
- Compare Pepperstone vs DeltaStock
- Compare OANDA vs MTrading
- Compare OANDA vs Blueberry Markets
- Compare OANDA vs AvaTrade
For more comparisons, visit this page.