A side by side comparison of OANDA and Pepperstone on regulation, spreads, platforms, minimum deposit and our independent scores, so you can pick the right broker for how you trade.
Overall, Pepperstone scores higher in our review (88 vs 79 out of 100). Pepperstone has the tighter typical EUR/USD spread, which suits scalpers and high-frequency traders. OANDA has the lower minimum deposit, so it is easier to start with. Both are regulated by recognised authorities.
| OANDA | Pepperstone | |
|---|---|---|
| MSP Score | 79/100 (B) | 88/100 (A) |
| Reputation score | 80/100 | 84/100 |
| Regulation | NFA/CFTC, FCA, ASIC | FCA, ASIC, CySEC |
| Founded | 1996 | 2010 |
| Headquarters | New York, USA | Melbourne, Australia |
| Platforms | OANDA Trade (fxTrade), MT4, MT5, TradingView | MT4, MT5, cTrader, TradingView |
| MetaTrader 5 (MSP-ready) | Yes | Yes |
| Minimum deposit | $0 | $200 |
| Typical EUR/USD spread | 0.9 pips | 0.1 pips |
| Execution | No dealing desk | No dealing desk |
| Products | CFD | CFD, Spread Betting |
| Min deposit currency funding | Card, Bank transfer, PayPal | Card, Bank transfer, PayPal |
One clear TRADE or NO-TRADE verdict on any MetaTrader 5 chart. Free 7-day trial, no card.
Start free trialFor the complete breakdown of each broker, including reputation and regulator notes, read our OANDA review and our Pepperstone review. You can also visit OANDA or Pepperstone directly.
Pepperstone scores higher overall in our review (88/100 vs 79/100), but the better choice depends on what you value. Pepperstone has tighter spreads. OANDA has a lower minimum deposit. Compare the full table above to pick the right one for you.
Pepperstone has the tighter typical EUR/USD spread of the two, though final costs depend on your account type and any commission. Check current spreads on each broker's site.
Yes, both offer MetaTrader 5, so MSP runs on either.
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