Openbank vs Pepperstone 2026: which is better?
We compared Openbank and Pepperstone on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- Pepperstone holds 4 licences from strong regulators, against 0 for Openbank.
- Pepperstone offers a swap-free Islamic account; Openbank does not.
- Pepperstone offers copy trading; Openbank does not.
- Pepperstone offers MetaTrader 4, MetaTrader 5, which Openbank does not.
Comparison table
| Comparison table | Openbank Broker |
Pepperstone
Broker
|
|---|---|---|
| Licences | BdE | FCA, ASIC, DFSA, BaFin, CySEC, CMA, CMA (KE), SCB Best |
| Minimum deposit | — | $0 |
| Maximum leverage | — | 1:400 |
| Trading platforms | Openbank App | MetaTrader 4, MetaTrader 5, cTrader, TradingView, Web Trader, Mobile App |
| Markets | Stocks, Cryptocurrencies, Exchange-Traded Funds (ETFs) | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices, Exchange-Traded Funds (ETFs) |
| Islamic account | — | ✓ Yes |
| Demo account | — | ✓ Yes |
| Copy trading | — | ✓ Yes |
| Founded | 1995 | 2010 |
| Headquarters | Boadilla del Monte (Madrid), Spain | 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 Pepperstone if you
- want more licences from strong regulators
- need a swap-free Islamic account
- want to copy other traders
- use MetaTrader 4, MetaTrader 5
Frequently asked questions
Which is better, Openbank or Pepperstone?
We compared Openbank and Pepperstone on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. Pepperstone holds 4 licences from strong regulators, against 0 for Openbank. Pepperstone offers a swap-free Islamic account; Openbank does not. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are Openbank and Pepperstone regulated?
Openbank licences: BdE. Pepperstone licences: FCA, CySEC, ASIC, DFSA, SCB, CMA, CMA (KE), BaFin.
What is the minimum deposit at Openbank and Pepperstone?
Openbank: not available. Pepperstone: $0.
Do Openbank and Pepperstone offer an Islamic account?
Openbank: No. Pepperstone: Yes.