Broker to Trading

These brokers offer accounts which do not charge commissions and 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 and TradingView platforms. MT4, MT5, cTrader and TradingView allow the trader to run robots as well as to trade at their own discretion. Vantage (formerly Vantage FX) additionally provides ProTrader, which is a user friendly platform powered by TradingView.

These brokers can offer high speed order execution and support a wide range of trading styles, including scalping and robots (EAs at both brokers and cBots and Pine Script at Pepperstone).

Each of these brokers offers CFD trading, however in the UK Pepperstone additionally provides spread betting.

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. Vantage is regulated by the ASIC in Australia and the CIMA in the Cayman Islands.

ECN trading conditions

Both brokers source prices from 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 accounts and services for higher volume traders. Both offer MT4 and MT5, Pepperstone additionally provides cTrader and TradingView, while Vantage additionally offer ProTrader, powered by TradingView.

Minimum deposit and account types

The minimum deposit for Pepperstone is $200. The minimum deposit for Vantage is $50.

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. Pepperstone offers social and copy trading via DupliTrade, Myfxbook and MetaTrader Signals.
Vantage offers Standard STP, Raw ECN, Islamic and Pro ECN accounts. The STP account has a minimum deposit of $50, the Raw ECN account has a minimum deposit of $50 and the Pro ECN account has a minimum deposit of $10,000. The minimum trade size is 0.01 lots.
Vantage's Standard STP account does not charge commissions, while the Raw and Pro ECN accounts do charge commissions. All accounts allow scalping. Vantage supports social and copy trading via ZuluTrade, Myfxbook Autotrade, DupliTrade and Vantage Social Trading (on the Vantage mobile app). 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 and Stocks, with 1000+ available.
• Vantage offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities, Metals and Stocks, with 400+ available.

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

Cryptocurrency CFDs

• Pepperstone offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Stellar, Uniswap, Cardano, Chainlink, Dogecoin, Binance Coin, Polkadot, EOS, Tezos, Solana, Polygon, Avalanche and Terra CFDs.
• Vantage offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Stellar, Uniswap, Cardano, Chainlink, Dogecoin, Binance Coin, Polkadot, EOS, Tezos, Solana, Polygon, Avalanche, Algorand, Cosmos, Zcash, The Sandbox, SHIB, Tezos, BAT, TRON, IOTA, NEO, Axie Infinity, Curve, Ethereum Classic, Filecoin, 1inch, Loopring, Maker, NEAR Protocol, Harmony, Sushi and Uniswap CFDs.

Spreads and leverage

• Both brokers offer spreads from 0 plus a commission charge and higher spreads without a commission charge, from 0.6 for Pepperstone and 1.4 for Vantage.

Maximum leverage for Pepperstone (CySEC Regulated) is . Maximum leverage for Pepperstone (SCB regulated) is 500:1. Maximum leverage for Vantage (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 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 and TradingView. Vantage additionally provides ProTrader.

Why Pepperstone or Vantage ?

Traders who want to trade on MT4 and MT5 may do so at either broker. Those who want to trade on cTrader can do so at Pepperstone. Traders who want to use online trading robots can do this at either broker. Traders can trade CFDs at both brokers, but in the UK traders can additionally spread bet at Pepperstone. Traders who want to trade on TradingView can find this platform at Pepperstone. Traders who want to trade on a user friendly platform powered by TradingView can find this at Vantage.

Comparison summary

• Both provide CFD trading
• Pepperstone additionally offers spread betting in the UK
• Both provide MT4 and MT5
• Both allows EAs and scalping
• Pepperstone additionally offers cTrader and TradingView
• Vantage additionally provides user friendly ProTrader