Pepperstone vs OANDA
By Itai Varochik | Updated 2026
Quick Verdict
Overall Winner: Pepperstone (4.5/5)
We tested Pepperstone and OANDA side-by-side. Pepperstone comes out ahead overall, but OANDA may be better for specific use cases.
Score Breakdown
| Criteria | Pepperstone | OANDA |
|---|---|---|
| Features | 8.5/10 | 7/10 |
| Ease of Use | 7.5/10 | 8/10 |
| Value for Money | 9/10 | 8.5/10 |
| Customer Support | 8/10 | 7.5/10 |
| Overall | 8.3/10 | 7.8/10 |
Feature Comparison
| Feature | Pepperstone | OANDA |
|---|---|---|
| Low Spreads | Yes | No |
| Multi-Platform | Yes | No |
| Fast Execution | Yes | No |
| Forex Trading | No | Yes |
| CFDs | No | Yes |
| API Trading | No | Yes |
| TradingView | No | Yes |
| MT4 | No | Yes |
Pricing Comparison
Pepperstone: Spreads from 0.0 pips
OANDA: From 1.0 pips EUR/USD
Pepperstone Pros & Cons
Pros
- Ultra-low spreads
- Fast execution
- MT4/MT5 + cTrader
- Strong regulation
Cons
- Limited research tools
- No proprietary platform
- Not available in US
- Basic education
OANDA Pros & Cons
Pros
- No minimum deposit
- Transparent pricing
- Flexible lot sizes
- Excellent REST API
Cons
- Limited product range
- Platform feels dated
Key Specifications
| Spec | Pepperstone | OANDA |
|---|---|---|
| Rating | 4.5/5 | 4.3/5 |
| Pricing | Spreads from 0.0 pips | From 1.0 pips EUR/USD |
| Year Founded | 2010 | 1996 |
| Headquarters | Melbourne, Australia | New York, NY |
Our Verdict
Pepperstone wins overall. Choose Pepperstone if you value Active traders. Choose OANDA if you prioritize Forex beginners.
Frequently Asked Questions
Is Pepperstone better than OANDA?
Based on our testing, Pepperstone scores higher with a rating of 4.5/5 compared to OANDA's 4.3/5. However, the best choice depends on your specific needs.
What is the main difference between Pepperstone and OANDA?
Pepperstone is known for: Award-winning forex broker with ultra-low spreads and fast execution for active traders.. OANDA is known for: Transparent forex broker with competitive spreads and no minimum deposit..
Which is cheaper, Pepperstone or OANDA?
Pepperstone pricing: Spreads from 0.0 pips. OANDA pricing: From 1.0 pips EUR/USD.
Can I use Pepperstone and OANDA together?
While both tools serve similar purposes in the Forex Brokers category, some users do use complementary features from both platforms.
What are the pros of Pepperstone?
Ultra-low spreads. Fast execution. MT4/MT5 + cTrader
What are the pros of OANDA?
No minimum deposit. Transparent pricing. Flexible lot sizes
Which forex brokers should I choose?
Choose Pepperstone if you value Active traders. Choose OANDA if you prioritize Forex beginners.