Pepperstone vs AvaTrade
| Pepperstone | AvaTrade |
|---|---|
4.8
|
4.9
|
 Traders from US not accepted |
Traders from US not accepted |
|
Pepperstone is a leading online broker with over 400,000 clients in more than 175 countries. The top-rated firm offers excellent market access, industry-leading platforms in MT4, MT5, TradingView and cTrader, plus low fees with no hidden charges. Pepperstone is also heavily regulated with a high trust score, holding licenses with reputable bodies, including the FCA, ASIC, DFSA, and CySEC. |
Leading forex and CFD broker since 2006, regulated in Ireland, Australia, Canada, Japan, Abu Dhabi, and South Africa. AvaTrade offers multiple trading platforms, including MT4, MT5, Web Trader, Mobile App, Vanilla Options and Social Trading. 1250+ financial instruments, educational content and multi-language customer support active 24/7. 20% welcome bonus available in allowed countries. |
| CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. | |
| Bonus Offer | |
| Welcome bonus 20% up to 10.000$ | |
| Promotions | |
|
Switch To Pepperstone For A $5000 Cash Bonus & 10% Spread Rebate |
|
| Comment by Reviewer | |
| "Pepperstone is a best-in-class broker. Experienced traders benefit from razor sharp spreads with sophisticated automation tools and over 1000 instruments. Newer traders get user-friendly platforms, rich education materials and 24/7 support." | "AvaTrade is an excellent broker for traders of all experience levels. Beginners benefit from high-quality education, social trading and a low minimum deposit. 1000+ tradable instruments and powerful proprietary software also make AvaTrade suitable for seasoned traders." |
| Pros | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| Instruments | |
| CFD, Forex, Indices, Currency Indices, ETFs, Shares, Commodities, Spread Betting, Crypto (not Africa and only Pro clients in UK) | Stocks, Options, CFD, Forex, Crypto, Volatility Index |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $500 recommended | $100 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | $.01 |
| Regulator | |
| FCA, ASIC, DFSA, CMA, BaFin, CySEC, SCB | CBoI, ASIC, FSA, FSCA, FSB |
| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| Yes | Yes |
| cTrader | |
| Yes | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| Yes | No |
| Autochartist | |
| Yes | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | Yes |
| STP Account | |
| Yes | Yes |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| Yes | Yes |
| MAM Account | |
| Yes | Yes |
| PAMM Account | |
| Yes | Yes |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| Yes | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Mobile Apps | |
| iOS, Android and Windows | iOS and Android |
| Auto Trading | |
| Yes | Avatrader make auto trading easy with API integration into numerous platforms including MetaTrader4, Duplitrade and MQL5 |
| Copy Trading | |
| Yes | Yes |
| Copy Trading Platform | |
| Pepperstone offers an impressive range of third-party platforms, including DupliTrade, a tool that allows investors to automatically replicate the trading activity of experts. | AvaTrade not only offers a proprietary platform, but also a selection of social and copy trading systems, including its own AvaSocial app, along with MetaTrader suites. There is also the popular web-based platforms, DupliTrade and ZuluTrade, which are both easy-to-use and suit novices and experts alike. |
| Social Trading | |
| Yes | Yes |
| Trade Signals | |
| Yes (Via Chartist Software) | Yes |
| VPS Hosting | |
| Yes | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| 0 | |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
|
|
| Stock Exchanges | |
|
|
| Commodities | |
| CFD Trading | |
| Pepperstone is a fast and reliable CFD broker with 1200+ assets covering forex, commodities, shares, indices, and ETFs. You can also trade currency indices, which aren't available at many alternatives. CFDs can be traded on four leading platforms with a choice of accounts and base currencies. Expert Advisors (EAs) are also supported for automated trading strategies. | AvaTrade offers leveraged CFD trading on a range of asset classes spanning stocks, indices, commodities, bonds, crypto, and ETFs. Traders can speculate on rising and falling prices with low fees and stable platforms in a highly regulated trading environment. |
| Leverage | |
| 1:30 (Retail), 1:500 (Pro) | 1:400 |
| FTSE Spread | |
| 1.0 pts | 0.5 pt |
| GBPUSD Spread | |
| 0 pips (Via Razor) | 1.0 var |
| Oil Spread | |
| 2.0 pips | 0.02 |
| Stocks Spread | |
| From 0.0 pts for US shares | 0.13 Abv Market |
| Forex Trading | |
| Pepperstone offers ultra-low spreads from 0.0 pips on the Razor account and has an excellent selection of 60+ pairs. The broker boasts an impressive 99.94% fill rate with no requotes or dealing desk intervention. Forex lots start at 0.01. | AvaTrade offers 50+ currency pairs and their spreads are some of the best among any broker. You can trade majors, minors and exotics around the clock with zero commissions. |
| Forex App | |
Pepperstone deliver their MetaTrader 4 and MetaTrader 5 platforms across both Android and iOS. With faster processing times, the ability to hedge your positions, advanced pending orders and more tools and indicators to take your trading to the next level – the Pepperstone mobile app is a powerful addition. |
AvaTrade provide AvaTradeGo for mobile trading. The app offers 1000+ markets, the ability to create watchlists and make trades. The AvaProtect™ feature even adds another layer of risk protection. Rated 4.2* , it is one of the more popular trading apps. Download it today. |
| GBPUSD Spread | |
| 0 pips (Via Razor) | 1.0 var |
| EURUSD Spread | |
| 0 pips (Via Razor) | 0.7 var |
| EURGBP Spread | |
| 0 pips (Via Razor) | 1.7 var |
| Assets | |
| 60+ | 50+ |
| Currency Indices | |
|
|
| Cryptocurrency | |
| Take positions on cryptos like Bitcoin with up to 1:10 leverage. Pepperstone also offers popular altcoins, as well as crypto indices, which offer a holistic view on the digital currency market. | Regulated in five continents, AvaTrade offers a secure way to access crypto markets. They offer a great range of digital currencies, very tight spreads, and 1:2 leverage. [Not available in Canada] |
| Spread | |
| BTC 30, ETH 0 | BTC 1% ETH 2% |
| Coins | |
|
|
| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
|
|
|
| CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. | |
| More Comparisons | |
|
Pepperstone vs |
AvaTrade vs |
How To Compare Pepperstone Vs AvaTrade
Pepperstone and AvaTrade are globally established and award-winning CFD brokers. Both platforms are regulated and offer various multi-asset trading opportunities. But which is better? In this Pepperstone vs AvaTrade comparison, we review the pros and cons of trading with each brand, platform features, minimum investment requirements, tradeable assets and more. We also explain which broker is best for beginners and how are they different. Find out how to compare Pepperstone vs AvaTrade.
Business Credentials
Pepperstone Limited was established in 2010 in Melbourne, Australia. Today, it is one of the largest forex and CFD brokers in the world with offices in London, Limassol, Dubai and more. The broker has been recognized with various prestigious awards for its attitude to customer service, competitive trading conditions and value for money.
Its global user base now exceeds 300,000 across 170 countries. The brand processes an average of $12.5 billion in trading volumes each day.
AvaTrade was founded in 2006 in Dublin, Ireland. The online brokerage has established an office presence in Europe, Asia and Australia. Throughout its 15-year history, AvaTrade has picked up multiple awards. Categories include the best mobile platform and best online broker.
AvaTrade now has over 200,000 users and is active in 150+ countries. The brand hosts an average of 2 million trades per month, with trading volumes in excess of £60 million.
Minimum Investment
Pepperstone does not have a minimum deposit requirement. However, the broker does recommend a £500 initial investment amount. AvaTrade, on the other hand, has a $100 account deposit requirement.
So, you can get away with a fraction of the deposit to start trading with Pepperstone, which is best for beginners.
Assets & Products
Pepperstone offers CFD trading opportunities across 1200 assets including 60+ currency pairs, 25+ commodities, 3 currency indices, 14 major stock markets and 1000+ global shares. There is also the added option of spread betting, which is not available on AvaTrade.
When comparing Pepperstone vs AvaTrade, we found that AvaTrade offers a similar number of products. A total of 1250+ assets spanning 50+ currency pairs, 700+ global stocks, 18 commodities and 31 indices. AvaTrade has also made options trading accessible for investors of all experience levels, reducing the complexity of vanilla options.
Both brokers offer cryptocurrency trading for eligible investors. Available digital currencies include Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP). Note, local jurisdiction restrictions may apply.
Platforms & Tools
Our Pepperstone vs AvaTrade comparison found both brokers offer industry-established MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading terminals. These platforms are available to download to desktop devices or compatible with all major web browsers. Access price history, technical analysis indicators and live charting tools.
AvaTrade does have an advantage vs Pepperstone in that it offers the proprietary AvaOptions platform for intuitive forex and options trading. This is beginner-friendly with an interactive risk management strategy simulator, fully customizable interface and chart view, plus access to a free pricing widget.
Pepperstone also provides the third-party cTrader platform. Bespoke tools include premium charting features, copy trading services and algorithmic investing solutions. Additionally, you can access TradingView charts, which are not available with AvaTrade.
Overall, AvaTrade is more suited to new or inexperienced traders. The suite of platforms provided by Pepperstone could be a better fit for experienced traders looking for enhanced analysis features, balance sheet breakdowns and access to price prediction data.
Spreads & Fees
Pepperstone offers tighter spreads on forex pairs via their CFD Razor account. However, commissions apply when trading forex and CFD equities while all assets are commission-free with AvaTrade.
Spreads are variable with both brokers. The United States SP500 index, for example, is offered at 0.4 pips on the Pepperstone platform vs 0.25 pips with AvaTrade.
Overnight charges apply when trading with both brands. Non-trading fees such as inactivity charges are more expensive at AvaTrade vs Pepperstone. This is a $100 fee or equivalent currency after 12 months of consecutive non-use vs no cost with Pepperstone.
Leverage
Both Pepperstone and AvaTrade limit leverage aligned with regulatory guidance. This means that day traders within the EU, including the UK, are restricted to a maximum leverage of 1:30.
In other markets or within pro accounts, Pepperstone is holding higher margin opportunities up to 1:500 vs 1:400 offered by AvaTrade.
Deposits & Withdrawals
When we review Pepperstone vs AvaTrade for deposit options, AvaTrade comes out on top. Pepperstone offers debit and credit cards, bank wire transfers and PayPal. In comparison, AvaTrade offers all of the above, plus an additional choice of e-wallet solutions including Neteller, Skrill and WebMoney. Global payment method restrictions may apply.
Both brokers offer free account funding and immediate clearance (except bank wire transfers), although third-party charges and delays may apply.
Pepperstone withdrawal times are one to three working days for all methods. AvaTrade promotes 24 to 48-hour guaranteed processing times once KYC verification is complete. Both brands do not charge any internal fees for withdrawals.
Mobile App
Both brokers offer suitable access to mobile trading. However, AvaTrade does rank best here with a selection of proprietary mobile apps including AvaTradeGo (trading app), AvaSocial (copy trading platform), and AvaOptions (options trading).
Nevertheless, you can find portable device compatibility for both iOS and Android devices with Pepperstone and AvaTrade. Access historical trading activity, view live watchlist data and trade directly from graphs.
Regulation
AvaTrade holds licenses with more international regulatory bodies. This includes oversight from the Central Bank of Ireland, the Australian Securities and Investments Commission, the Financial Services Agency and the South African Financial Sector Conduct Authority.
Pepperstone also holds relevant entity licensing from the Financial Conduct Authority in the UK, the Australian Securities and Investments Commission and the Dubai Financial Services Authority in the UAE. We are confident both brokers offer a legitimate and safe trading environment for global customers.
It is pretty clear when comparing Pepperstone vs AvaTrade that they both are globally recognized for their high-quality trading services. Pepperstone has been repeatedly recognized for excellence in innovation, technology, and customer service, with 50+ awards under its belt. AvaTrade’s awards include “Best Customer Support”, “Best Alert System”, “Best Financial Derivative Trading Provider”, and “Best Forex Broker”.
Bonuses
Both Pepperstone and AvaTrade tend not to offer any significant bonus incentives or promotions for retail clients. Regulatory restrictions will be a factor here.
Instead, new customers are encouraged to utilize educational content and online resources to enhance the trading experience.
Demo Account
Our Pepperstone vs AvaTrade review shows both brokers offer free demo account services. These are available on all trading platforms, including proprietary terminals in the case of AvaTrade. There is a 30-day limit on the Pepperstone demo account vs unlimited access offered by AvaTrade.
Both brokers offer a substantial amount of virtual funds so you can practice trading and test platform features risk-free. A simple online registration form is required for each paper trading account. Existing AvaTrade customers may also login to a demo profile directly through their live account.
Pepperstone and AvaTrade provide an array of free resources to utilize alongside a demo profile. Online tutorials, webinars and YouTube video content can be accessed.
Customer Service
Pepperstone and AvaTrade offer 24/7 multilingual customer service options. This includes live chat support with near-instant response and settlement times.
Importantly, there is a key difference with AvaTrade’s customer support, which feels more personalized owing to local customer service representatives available in your country of residence.
Pepperstone Vs AvaTrade – Which Is Better?
Our Pepperstone vs AvaTrade 2023 review has indicated the strengths of trading with each brand. Both offer international regulation, responsive customer support options and intuitive trading platforms with mobile app compatibility.
Overall though, AvaTrade is the best for beginners, with commission-free investing and a user-friendly options trading exchange. Pepperstone, on the other hand, offers more advanced trading conditions, including access to sophisticated TradingView charts and algorithmic solutions via the cTrader terminal.
Follow our registration links to open a trading account today.
Note, that both services are not available in the US.