Oanda

4.2(1500)

FCA/NFA

Pepperstone

4.5(1800)

BaFin/FCA/ASIC

Oanda vs Pepperstone

Head-to-Head Comparison 2026

Our Verdict

Pepperstone has a higher rating of 4.5/5 compared to Oanda (4.2/5). Pepperstone offers 7 instrument types, while Oanda offers 6. Pepperstone is BaFin-regulated, while Oanda is supervised by FCA/NFA. Oanda has been in the market since 1996, making it the more experienced provider.

Comparison Table

Criteria	Oanda	Pepperstone
Rating	4.2/5 (1500 reviews)	4.5/5 (1800 reviews)✓
Regulation	FCA/NFA	BaFin/FCA/ASIC
Fees	Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing)	Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
Min. Deposit	0 €	0 €
Instruments	Forex, CFDs, Indices, Commodities, Bonds, Metals	Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices
Platforms	OANDA Trade, MT4, MT5, TradingView	MT4, MT5, cTrader, TradingView
Options Trading	No, forex and CFD trading	No, but over 1,200 CFD instruments
Founded	1996	2010
Headquarters	New York	Melbourne

Detailed Comparison

Fee Comparison

Oanda: Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing). Minimum deposit: 0 €.

Pepperstone: Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. Minimum deposit: 0 €.

Product Range

Oanda (6 categories)

ForexCFDsIndicesCommoditiesBondsMetals

Pepperstone (7 categories)

ForexCFDsIndicesCommoditiesStocks CFDsCryptoCurrency Indices

Trading Platforms

Oanda

OANDA Trade
MT4
MT5
TradingView

Pepperstone

MT4
MT5
cTrader
TradingView

Regulation & Security

Oanda is regulated by FCA/NFA (HQ: New York).

Pepperstone is regulated by BaFin/FCA/ASIC (HQ: Melbourne).

Who Is It For?

Oanda

Forex specialist with advanced technology since 1996

✓ No minimum deposit required

✓ Flexible lot sizes from 1 unit

✓ Advanced analysis tools

✗ Limited product range

✗ No stocks or ETFs

Pepperstone

ECN broker with Razor account and ultra-fast execution

✓ Razor account with raw spreads from 0.0 pip

✓ Fast execution speed

✓ MT4, MT5, cTrader and TradingView

✗ No options trading

✗ No real stocks, only CFDs

Frequently Asked Questions

Is Oanda or Pepperstone cheaper?

Oanda charges Spreads from 0.6 pip (Standard), from 0.2 pip (Core Pricing). Pepperstone charges Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. The minimum deposit is 0 € at Oanda and 0 € at Pepperstone.

Which broker offers more products: Oanda or Pepperstone?

Oanda offers Forex, CFDs, Indices, Commodities, Bonds, Metals. Pepperstone offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices.

Which broker is better regulated?

Oanda is regulated by FCA/NFA. Pepperstone is regulated by BaFin/FCA/ASIC. Pepperstone has BaFin regulation, which is particularly advantageous for German investors.

Is Oanda or Pepperstone better for beginners?

Oanda has a minimum deposit of 0 € and offers OANDA Trade, MT4, MT5, TradingView as platforms. Pepperstone has a minimum deposit of 0 € and offers MT4, MT5, cTrader, TradingView. Oanda has the lower entry barrier.

Oanda vs Pepperstone: Which broker is better overall?

The choice between Oanda (4.2/5, 1500 reviews) and Pepperstone (4.5/5, 1800 reviews) depends on your needs. Oanda: Forex specialist with advanced technology since 1996. Pepperstone: ECN broker with Razor account and ultra-fast execution.

Oanda

Forex specialist with advanced technology since 1996

Open Account →

From 0 € min. deposit

Pepperstone

ECN broker with Razor account and ultra-fast execution

Open Account →

From 0 € min. deposit

Oanda read review →Pepperstone read review →