OANDA vs Pepperstone
Can't decide between OANDA and Pepperstone? We've put both brokers head-to-head. Compare their spreads, regulation, platforms, and fees below.
Last updated: May 10, 2026
Executive Summary
OANDA and Pepperstone are both well-established forex brokers, but they serve different types of traders. OANDA scores 96/100 in our TrustMetrics™ system, edging ahead of Pepperstone's 95/100.
On pricing, Pepperstone offers tighter EUR/USD spreads (0.08 pips vs 1.2 pips). OANDA supports OANDA Trade, MT4, TradingView while Pepperstone offers MT4, MT5, cTrader, TradingView, giving Pepperstone more platform options.
For regulation, OANDA holds licenses from CFTC, FCA, ASIC, CIRO while Pepperstone is regulated by FCA, ASIC, CySEC, BaFin, DFSA. Both brokers offer segregated client funds and are considered safe for retail trading.
The Verdicts
Most Trusted
OANDA scores higher in our TrustMetrics system (96/100) compared to Pepperstone (95/100), making it the safer choice.
Lowest Spreads
Pepperstone offers better pricing with an average EUR/USD spread of 0.08 pips, beating the 1.2 pip average of its competitor.
Best for Beginners
Both brokers require a $0 minimum deposit, making them equally accessible.
Detailed Comparison
| Feature | OANDA | Pepperstone |
|---|---|---|
| Trust Score | 96/100 | 95/100 |
| Spreads From | 1.0 pips | 0.0 pips |
| Avg EUR/USD Spread | 1.2 pips | 0.08 pips |
| Commission | $0 | $7.00/lot |
| Execution Speed | 30ms | 24ms |
| Max Leverage | 1:50 | 1:500 |
| Minimum Deposit | $0 | $0 |
| Instruments | 120+ | 1,200+ |
| Account Types | Standard, Advanced Trader, Premium | Standard, Razor |
| Platforms | OANDA Trade, MT4, TradingView | MT4, MT5, cTrader, TradingView |
| Top Regulators | CFTC, FCA, ASIC, CIRO | FCA, ASIC, CySEC, BaFin, DFSA |
| Withdrawal Speed | 1-3 business days | Same day - 1 business day |
| Inactivity Fee | $10 per month (after 12 months) | $0 (No inactivity fee) |
| Customer Support | 24/5 Live Chat, Email | 24/5 Live Chat, Email, Phone |
Which Broker Should You Choose?
OChoose OANDA if...
- ✓You want to start with a very low minimum deposit
- ✓You want to trade directly from TradingView charts
- ✓Maximum regulatory protection is your top priority
PChoose Pepperstone if...
- ✓You want to start with a very low minimum deposit
- ✓You need the tightest possible spreads for scalping
- ✓You want to trade directly from TradingView charts
- ✓You prefer cTrader's advanced order management
- ✓You are a scalper or algorithmic trader
OANDA Pros & Cons
Pros
- ✓ Accepts US clients and is heavily regulated globally
- ✓ No minimum deposit requirement
- ✓ Native TradingView integration
- ✓ Advanced charting and elite market analysis
Cons
- × Smaller product catalog compared to IG or CMC Markets
- × Spreads on the standard account are relatively high
- × No MT5 platform
Pepperstone Pros & Cons
Pros
- ✓ Direct integration with TradingView for seamless charting and execution
- ✓ Active Trader rebate program saves up to $2.50/lot
- ✓ Five Tier-1/Tier-2 regulatory licenses provide immense security
- ✓ No official minimum deposit requirement
- ✓ Razor account delivers highly stable spreads during news events
Cons
- × Customer support is not available on weekends
- × No proprietary copy trading platform (relies on third parties like DupliTrade)
- × Standard account spreads are average (1.1 pips)
The Bottom Line: OANDA vs Pepperstone
- ✓ US Traders
- ✓ API Trading
- ✓ No Minimum Deposit
- ✓ TradingView
- ✓ No minimum deposit
- ✓ TradingView Users
- ✓ Multi-Platform Trading
- ✓ Active Traders
- ✓ Beginners
- ✓ Tighter EUR/USD spreads (0.08 pips)
- ✓ No minimum deposit
Both brokers are featured in our top broker rankings. Your choice should depend on your specific trading style, preferred platform, and geographical location.
Frequently Asked Questions
Which is safer: OANDA or Pepperstone?
OANDA scores higher in our TrustMetrics system (96/100) compared to Pepperstone (95/100), making it the safer choice.
Who has lower spreads: OANDA or Pepperstone?
Pepperstone offers better pricing with an average EUR/USD spread of 0.08 pips, beating the 1.2 pip average of its competitor.
Which has a lower minimum deposit: OANDA or Pepperstone?
Both brokers require a $0 minimum deposit, making them equally accessible.
Related Articles
Best Forex Brokers for Scalping 2026 — Tested for Low Latency
Scalping requires ultra-low spreads and lightning-fast execution. We tested 14 brokers to find the absolute best options for high-frequency traders and scalpers in 2026.
Best High Leverage Forex Brokers 2026 — 1:500 to Unlimited
Looking for maximum buying power? We rank the best high-leverage forex brokers that offer up to 1:2000 and unlimited leverage while maintaining safety.
Best Low Spread Forex Brokers 2026 — Tested with Real Accounts
Tired of high trading costs? We tested 14 brokers to identify the ones with the lowest average spreads on EUR/USD, GBP/USD, and Gold (XAU/USD).
Best MetaTrader 5 (MT5) Brokers 2026 — Expert Picks
MetaTrader 5 is the future of online trading. We rank the best MT5 brokers based on execution speed, available assets, and platform reliability.