Pepperstone vs Vantage FX - Broker Comparison

Pepperstone vs Vantage FX | Broker Comparison

Pepperstone vs Vantage FX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader95+FCA, ASIC
$200MT4, MT5180+ASIC, CIMA

Pepperstone vs Vantage FX Comparison

These are ECN brokers, offering entry level STP accounts which do not charge commissions and ECN accounts which provide raw prices to which the broker adds a commission charge to the spread. Both offer MT4 and MT5. Pepperstone also provides the cTrader trading platform. MT4, MT5 and cTrader allow the trader to run robots as well as to trade at their own discretion.

As ECN brokers, they can offer high speed order execution and support a wide range of trading styles, including scalping and robots (EAs at both brokers and cBots at Pepperstone). Both brokers have a wide range of markets to trade, but Vantage FX has more as it offers Shares CFDs.

Pepperstone is regulated by the FCA in the United Kingdom and by the ASIC in Australia. Vantage FX is regulated by the ASIC in Australia and the CIMA in the Cayman Islands.

ECN trading conditions

Both brokers use order aggregation and offer access to liquidity providers, using Equinix infrastructure for high speed order execution with no dealing desk intervention. Each supports discretionary and automated trading strategies.

Quick comparison

Both brokers offer STP, ECN and accounts and services for higher volume traders. They have the same minimum deposit (except for the ECN accounts). Both offer MT4 and MT5, Pepperstone additionally provides cTrader.

Minimum deposit and account types

The minimum deposit for Pepperstone is $200 or £200. The minimum deposit for Vantage FX is $200.

  • Pepperstone offers four account types. These are Standard, Razor, Islamic (Swap Free) and Active Traders. Pepperstone provides trading guides, a market review and an economic calendar its website. Pepperstone says that latency is as low as 50ms. 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.
  • Pepperstone's Active Traders account is for active traders and institutions depositing at least $25,000 and trading at least 250 lots a month. It offers EDGE ECN Execution, a dedicated relationship manager, a segregated customer account, advanced reporting, VPS hosting services and custom solutions.
  • Vantage FX offers STP, ECN, Islamic and Pro ECN accounts. The STP accounts have a minimum deposit of $200, the ECN accounts have a minimum deposit of $500 and the Pro ECN account has a minimum deposit of $20,000. The minimum trade size is 0.01 lots.
  • Vantage FX's STP accounts do not charge commissions, while the ECN accounts do charge commissions. All accounts allow scalping.
  • The Pro ECN account offers lower commission charges and access to Interbank price feeds.

Markets

  • Pepperstone offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities and Metals, with 95+ available.
  • Vantage FX offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities, Metals and Stocks, with 180+ available.

Pepperstone provides 60+ Forex pairs, Vantage FX provides 45+ Forex pairs.

Cryptocurrency CFDs

  • Pepperstone offers Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash and Ripple.
  • Vantage FX offers Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash and Ripple.

Spreads and leverage

  • Both brokers offer spreads from 0 plus a commission charge and higher spreads without a commission charge, from 1 for Pepperstone and 1.4 for Vantage FX.

Maximum leverage for Pepperstone (FCA Regulated) is . Maximum leverage for Pepperstone (ASIC regulated) is 500:1. Maximum leverage for Vantage FX (ASIC or CIMA regulated) is 500:1.

Commissions

  • Pepperstone charges a commission of $3.76 or AU$3.5 or €2.61 per lot per side on the Razor account, depending on the account currency. cTrader commissions are 7 units per lot round trip of the first quoted currency in the traded currency.
  • Vantage FX has a commission charge of $3 per lot per side for ECN trading, except for its Pro ECN account which has a commission charge of $1.75 per lot per side.

Online Trading Platforms

Both offer MT4 and MT5. Pepperstone additionally provides cTrader.

Why Pepperstone or Vantage FX ?

Both have features for traders who wish to access ECN services. Pepperstone has cTrader, in addition to MT4 and MT5. However, Vantage FX can offer a wider range of markets, providing Shares CFDs to trade. Both are ASIC regulated, but Pepperstone is also FCA regulated.

Comparison summary

  • These brokers each offer ECN trading
  • Each also has STP accounts
  • Both support higher volume trading
  • Each allows robots, scalping and hedging
  • Both have MT4 and MT5
  • Pepperstone also offers cTrader
  • Vantage FX provides Shares CFDs

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