| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| AvaTrade | $100 Minimum Deposit | MT4, MT5, Web Trader, AvaOptions Trading Platforms | 1000+ Markets To Trade | AvaTrade provides trading across a wide range of platforms and markets About |
| Pepperstone | $200 Minimum Deposit | MT4, MT5, cTrader, TradingView Trading Platforms | 1000+ Markets To Trade | Pepperstone offers atuaomted trading on all its platforms (MT4, MT5, cTrader and TradingView) About |
AvaTrade vs Pepperstone Comparison
Both of these brokers offer MetaTrader 4 and MetaTrader 5 (MT5), the successor to MT4, and allow the trader to execute Expert Advisors (EAs), MetaTrader's online trading robots. In addition Pepperstone offers cTrader. However AvaTrade also has a dedicated FX Options trading platform, AvaOptions and provides a user friendly web trader.
Both brokers provide CFD trading. However in the UK AvaTrade also offers MT4 spread betting while Pepperstone also offers MT4, MT5 and cTrader spread betting.
Pepperstone is an ECN broker, and uses Equinix infrastructure to help provide fast order processing.
AvaTrade has wider range of markets than Pepperstone.
AvaTrade is regulated by the CBI in Ireland, the ASIC in Australia, the FSCA in South Africa, the FSA and the FFAJ in Japan and the FSC in the British Virgin Islands.
Pepperstone is regulated by the FCA in the United Kingdom, the ASIC in Australia, the CySEC in Cyprus, the BaFin in Germany, the CMA in Kenya, the SCB in the Bahamas and the DFSA in Dubai.
Quick comparison
These are both MT4 and MT5 brokers, though Pepperstone also offers cTrader and TradingView. AvaTrade has a platform for trading FX Options and a web trader. Pepperstone offers Forex spread from 0, plus commission.
Minimum deposit and key account features
The minimum deposit for AvaTrade is $/€/£100. The minimum deposit for Pepperstone is $/£200.
- AvaTrade provides an Economic Calendar on its web site and Trading Central (which provides analysis). Additionally AvaTrade offers AvaSocial which supports social and copy trading. AvaTrade allows the use of EA trading robots.
- Pepperstone offers a Standard and a Razor account for CFD trading and in the UK additionally offers a spread betting account. Pepperstone provides trading guides, a market review and an economic calendar its website. Pepperstone says that latency is as low as 30ms. The minimum trade size is 0.01 lots.
- Pepperstone's Standard and Islamic accounts do not charge commissions and hence offer higher spreads as they include a mark up. The Razor account charges commissions and allows scalping.
Markets
- AvaTrade offers spread betting (in the UK), in Forex, Indices, Energy and Metals, with 35+ available.
- AvaTrade offers CFD trading in Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities, Stocks, ETFs, Bonds and Options, with 1000+ available.
- Pepperstone offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Stocks, with 1000+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| AvaTrade Broker | MT4, MT5, Web Trader, AvaOptions Trading Platforms | AvaTrade offers trading on MetaTrader (MT4 and MT5), allowing automated trading, and offers a user friendly Web Trader and also Vanilla Options trading on AvaOptions Description |
| Pepperstone Broker | MT4, MT5, cTrader, TradingView Trading Platforms | Pepperstone provides automated trading on MT4, MT5, cTrader and TradingView and supports styles such as scalping, news trading and Stocks CFDs trading Description |
Cryptocurrency CFDs
- AvaTrade offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, Stellar, Chainlink, Uniswap, NEO, IOTA and Bitcoin Gold CFDs.
- Pepperstone offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, Stellar, Chainlink, Uniswap, Cardano, Dogecoin, EOS, Binance Coin, Polkadot, Tezos, Solana, Polygon, Avalanche and Terra CFDs.
Spreads and leverage
- Pepperstone can offer low Forex spreads plus a commission charge. AvaTrade offers Forex spreads from 0.9 without a commission charge, while Pepperstone offers Forex spreads from 1 without a commission charge.
Maximum leverage for AvaTrade (CBI regulated) is . Maximum leverage for Pepperstone (CySEC regulated) is .
Online trading platforms
AvaTrade offers MT4, MT5, a web trader and AvaOptions as well as apps. Pepperstone provides MT4, MT5, cTrader, TradingView and apps.
Why AvaTrade or Pepperstone ?
Traders who want to trade on MetaTrader 4 (MT4) and MetaTrader 5 (MT5) can do so at either broker. Those who want to trade on cTrader or TradingView can find these platforms at Pepperstone. Traders who use automated trading strategies can do so at either broker. All these platforms support the use of and building of robots (EAs at MT4 and MT5, cBots on cTrader and PineScript on TradingView). Pepperstone has a wider range of platforms. Furthermore Pepperstone is a no dealing desk broker, providing an environment potentially suited to a range of styles including automated trading. AvaTrade has a wider range of markets than Pepperstone and offers FX Options on a separate trading platform as well as a user friendly web trader for those who plan and execute their own trades.
Comparison summary
- Both brokers offer CFD trading
- In the UK, AvaTrade also provides MT4 spread betting
- In the UK, Pepperstone additionally provides MT4, MT5 and cTrader spread betting
- Both offer MT4 and MT5
- Pepperstone also provides cTrader and TradingView
- AvaTrade has wider range of market to trade
- AvaTrade offers FX Options trading on a separate platform
- Pepperstone is a no dealing desk broker
