Pepperstone
OANDA
VS
Compare
Pepperstone
Capital at risk · T&Cs apply
Choosing between Pepperstone and OANDA depends on your trading style, preferred markets, and budget. Pepperstone is headquartered in Melbourne, Australia, while OANDA operates from New York, USA. OANDA has the longer track record, established in 1996, compared to Pepperstone which was founded in 2010. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Pepperstone
OANDA
| Pepperstone | OANDA | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 4.1/5 |
| Min. Deposit | $200 | $0 ✓ |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:500 ✓ | 1:50 |
| Regulation | ASIC, FCA, CySEC | FCA, CFTC, ASIC ✓ |
| Platforms | MT4, MT5, TradingView | MT4, Proprietary Web, Proprietary Mobile |
Pepperstone (4.1/5) and OANDA (4.1/5) are closely matched. Pepperstone has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowPepperstone
OANDA
WinnerPepperstone
OANDA
Pepperstone holds licences from ASIC, FCA, CySEC. OANDA is regulated by FCA, CFTC, ASIC.
Both brokers offer access to Forex, Cfd, Indices markets. Pepperstone additionally covers Crypto, Stocks. OANDA adds Commodities.
On spreads, Pepperstone is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at OANDA.
Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. OANDA offers MT4, Proprietary Web, Proprietary Mobile. Both brokers are available on MT4, Proprietary Mobile.
Pepperstone requires a minimum deposit of $200, while OANDA sets no minimum deposit. This makes OANDA accessible to traders with any budget.
BrokerRank scores Pepperstone at 4.12/5 and OANDA at 4.09/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Pepperstone leads overall with a marginal advantage.
Pepperstone
4.1/5
Choose Pepperstone if you want…
OANDA
4.1/5
Choose OANDA if you want…
Pepperstone (4.1/5) and OANDA (4.1/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
Pepperstone offers spreads from 0 pips, while OANDA starts at 0.6 pips. Check the fees section above for a full breakdown.
Pepperstone requires a minimum deposit of $200. OANDA requires $0.
Pepperstone is regulated by ASIC, FCA, CySEC, while OANDA holds licences from FCA, CFTC, ASIC, MAS.
Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. OANDA supports MT4, Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.