Oanda vs Pepperstone 2026: which is better?
We compared Oanda and Pepperstone on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- Oanda holds 7 licences from strong regulators, against 4 for Pepperstone.
- Pepperstone offers a swap-free Islamic account; Oanda does not.
- Pepperstone offers cTrader, which Oanda does not.
Comparison table
| Comparison table |
Oanda
Broker
|
Pepperstone
Broker
|
|---|---|---|
| Licences | FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG) Best | FCA, ASIC, DFSA, BaFin, CySEC, CMA, CMA (KE), SCB |
| Minimum deposit | $0 | $0 |
| Maximum leverage | 1:888 | 1:400 |
| Trading platforms | MetaTrader 4, MetaTrader 5, TradingView, Web Trader, Mobile App | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Web Trader, Mobile App |
| Markets | Forex, Stocks, Crypto, Commodities & gold, Indices | Forex, Stocks, Crypto, Commodities & gold, Indices, ETFs |
| Islamic account | — | ✓ Yes |
| Demo account | ✓ Yes | ✓ Yes |
| Copy trading | ✓ Yes | ✓ Yes |
| Founded | 1996 | 2010 |
| Headquarters | — | Melbourne, Australia |
| Read the review | Read the review |
Data is for information only and may change; always check the official website before opening an account.
Add a third broker to the comparison
Choose Oanda if you
- want more licences from strong regulators
Choose Pepperstone if you
- need a swap-free Islamic account
- use cTrader
Frequently asked questions
Which is better, Oanda or Pepperstone?
We compared Oanda and Pepperstone on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. Oanda holds 7 licences from strong regulators, against 4 for Pepperstone. Pepperstone offers a swap-free Islamic account; Oanda does not. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are Oanda and Pepperstone regulated?
Oanda licences: FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG). Pepperstone licences: FCA, CySEC, ASIC, DFSA, SCB, CMA, CMA (KE), BaFin.
What is the minimum deposit at Oanda and Pepperstone?
Oanda: $0. Pepperstone: $0.
Do Oanda and Pepperstone offer an Islamic account?
Oanda: No. Pepperstone: Yes.