Pepperstone vs Vantage

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• Pepperstone vs Vantage - Verdict

Pepperstone and Vantage are leading global Forex brokers, but which one should you trust for your Forex portfolios?

I have conducted an in-depth review of Pepperstone vs. Vantage to determine which broker is the better overall choice and which traders will benefit most from each.

Headquarters	Australia	Australia
Regulators	ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB	CIMA
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	2010	2009
Execution Type(s)	No Dealing Desk, NDD	ECN/STP
Minimum Deposit	$0	$200
Trading Platform(s)	Other, MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Trading View+	MetaTrader 4, MetaTrader 5, Web-based
Average Trading Cost EUR/USD	1.1 pips	0.1 pips
Average Trading Cost GBP/USD	1.4 pips	0.2 pips
Average Trading Cost WTI Crude Oil	$2.50	$0.04
Average Trading Cost Gold	$0.15	$0.80
Retail Loss Rate	74-89%	N/A
Minimum Raw Spreads	0.0 pips	0.0 pips
Minimum Standard Spreads	1.0 pips	1.0 pips
Minimum Commission for Forex	6.00 per round lot (cTrader) / $7.00 per round lot (MT4/MT5)	$4.00 per round lot
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
	Visit Website 75-95% of traders on margin lose	Visit Website

A snapshot of the most notable advantages of Pepperstone:

• Low Pepperstone trading fees and a volume-based rebate program
• Capitalise AI MT4 plugin for algorithmic trading in a code-free environment
• VPS hosting for 24/5 low-latency Forex trading
• Deep liquidity pools and NDD order execution
• Average order execution speeds of 30 milliseconds
• 28-plugin Smart Trader Tools package and Autochartist upgrades for MT4
• TradingView for social traders to engage with 50M+ peers

A snapshot of the most notable advantages of Vantage:

• MT4/MT5 for algorithmic traders
• TradingView for social traders
• The Vantage App for mobile traders and ProTrader with advanced trading tools
• In-house copy trading system with 70K+ signal providers and $12M+ in profits
• Daily actionable trading signals

Features and Platforms

MT4
MT5
cTrader
Proprietary Platform
Automated Trading
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
	Visit Website 75-95% of traders on margin lose	Visit Website

Available Markets

Currency Pairs		N/A
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)	N/A
ETFs
Futures
Synthetics
	Visit Website 75-95% of traders on margin lose	Visit Website

Pepperstone maintains a well-balanced asset selection of 1,350+ trading instruments, including currency indices and cryptocurrencies. Vantage features 1,000+ assets, including bonds, and both brokers offer ETFs.

Why Pepperstone is a better choice for most traders:

• Wider asset selection
• Deeper liquidity and faster order execution
• Lower fees with a volume-based rebate program

Typical Spreads and Fees

Average Trading Cost EUR/USD	1.1 pips	0.1 pips
Average Trading Cost GBP/USD	1.4 pips	0.2 pips
Average Trading Cost WTI Crude Oil	$2.50	$0.04
Average Trading Cost Gold	$0.15	$0.80
Average Trading Cost Bitcoin	25	N/A
Minimum Raw Spreads	0.0 pips	0.0 pips
Minimum Standard Spreads	1.0 pips	1.0 pips
Minimum Commission for Forex	6.00 per round lot (cTrader) / $7.00 per round lot (MT4/MT5)	$4.00 per round lot
Deposit Fee
Withdrawal Fee
Inactivity Fee	$0	No
	Visit Website 75-95% of traders on margin lose	Visit Website

Pepperstone and Vantage offer commission-free and commission-based accounts, but which is cheaper?

Pepperstone offers cheaper commission-free accounts. The commission-based alternatives at Pepperstone and Vantage feature raw spread trading for a $6.00 commission per 1.0 round lot, but the Vantage Pro account lowers them to $3.00.

Account Types

Pepperstone and Vantage offer a similar account structure, including commission-free and commission-based pricing environments.

Are there any other noteworthy differences in the account structure between Pepperstone vs. Vantage?

Here is what stands out the most:

• There is no Pepperstone minimum deposit
• The Vantage commission-free account is more expensive
• Vantage offers more leverage
• The Vantage Pro account features ultra-low trading fees
• Both brokers offer volume-based rebates
• Both support multiple payment processors

Minimum Deposit

How Difficult Is It to Deposit at Pepperstone vs. Vantage?

Depositing at Pepperstone and Vantage is easy. Vantage has a reasonable $50 minimum deposit for all its accounts, except for a $10,000 minimum for the Vantage Pro account. Pepperstone has no minimum deposit, and neither broker levies internal deposit fees. Both brokers feature multiple, low-cost payment processors, including localized options, with instant to near-instant processing times.

Minimum Withdrawal

Which Withdrawal Process Is Better, Pepperstone or Vantage?

Pepperstone and Vantage have an equal withdrawal process. Vantage usually processes withdrawal requests within 24 hours, while Pepperstone withdrawals are processed the same day if requests arrive before 12:00 AEST/AEDT. Internal withdrawal fees are non-existent at Pepperstone and Vantage, except for bank wires, but traders should consider third-party charges, currency conversion fees, and follow-on costs.

Security and Trust

Country of the Regulator	United Arab Emirates, Australia, The Bahamas, Cyprus, Germany, Kenya, United Kingdom	Australia, Vanuatu, South Africa
Name of the Regulator	ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB	CIMA
Regulatory License Number	414530, 91279, 128, 388/20, F004356, 684312, F217	428901, 51268, 700271
Regulatory Tier	N/A	1,2,4
	Visit Website 75-95% of traders on margin lose	Visit Website

Which Broker Is More Secure and Trustworthy?

Both brokers have an excellent track record spanning 15+ years, segregate client deposits from corporate funds, and offer negative balance protection. Vantage is also a member of the Hong Kong-based Financial Commission and has a $1,000,000 per client insurance policy. Overall, I rank Pepperstone and Vantage as equally secure and trustworthy.

Pepperstone versus Vantage Verdict

Pepperstone

Vantage

Which Forex Broker Is Better?

Pepperstone and Vantage are industry-leading brokers, and I recommend traders test the trading environments in their respective demo accounts.

Here is my verdict:

Vantage is an excellent broker and the better choice for portfolios above $10,000, but I rank Pepperstone as the better option overall.

FAQs

Can you spread bet with Pepperstone or Vantage?

The UK entities of Pepperstone and Vantage both offer spread betting.

Which is better for MT4?

Pepperstone offers a superior MT4 upgrade package, making it the better choice.

Which broker has lower costs, Pepperstone or Vantage?

Overall, Pepperstone trading fees are lower for portfolios below $10,000, while Vantage has lower trading fees for portfolios above $10,000.

Is Pepperstone a good broker?

Pepperstone is an excellent broker with a competitive trading environment, low fees, and cutting-edge trading tools.