Pepperstone vs AvaTrade - Fees Review included
Which broker is better Pepperstone or AvaTrade? Our expert assessment conducted according to TU’s own methodology showed that Pepperstone is one of the top brokers in the financial market with the TU Overall Score of 7.22 out of 10. AvaTrade is one of the top brokers in the financial market with the TU Overall Score of 7.16 out of 10. Find out more about TU Overall Score.
| Feature | Pepperstone | AvaTrade |
|---|---|---|
Overall |
4.4 |
4.6 |
4.7 |
4.7 |
|
4.7 |
4.4 |
|
4.4 |
4.4 |
|
Investment Instruments |
4.4 |
4.2 |
Platforms and Charting Tools |
4.8 |
4.6 |
Deposit and Withdrawal |
4.5 |
4.7 |
Research |
3.9 |
4.4 |
Education |
4.1 |
4.8 |
Support |
4.3 |
4.6 |
Bonuses |
3.2 |
3.9 |
|
|
|
Pepperstone vs AvaTrade: Pros and Cons
Pepperstone (Pepperstone.com) was founded in 2010 in Melbourne, Australia, by professional traders who were not satisfied with the quality of services provided by most brokers. The founders decided to avoid many of the disadvantages of competitors, including high commissions, delayed execution of orders, etc. They also focused on improving the technical component. The company has set itself the goal of changing the “rules of the game” and setting the bar high for online trading. Today, the broker provides clients all over the world with some of the best technological solutions and favorable trading conditions. The company also provides professional tools that help not only master trading as a type of activity, but also significantly increase the efficiency of trades. Pepperstone is regulated by ASIC (Australian Securities and Investments Commission), FCA (UK Financial Conduct Authority), BaFin, DFSA, CMA, SCB, CySec. Clients' assets are held in aggregated accounts with major banks. These facts confirm the reliability of the company and guarantee the safety of the client's capital.
AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 150 countries. It currently has over 200, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC), the Japanese FSA, and the South African FSCA. AvaTrade holds accreditation by the Central Irish Bank, the Abu Dhabi Financial Services Regulatory Authority, and the British Virgin Islands Financial Services Commission. AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 250 tools to customers.
| Pepperstone | AvaTrade | |
|---|---|---|
| Overall Pros | Fast order execution - 30 ms on average | Highly regulated broker, licenced on the territory of 5 continents |
| Low trading fees | a wide range of trading instruments | |
| Strong luqidity | Swap-free account | |
| Advanced ECN account | Advanced copy trading tools | |
| Access to TradingView's advanced charting tools | A lot of educational content | |
| Strong regulation | Low fees | |
| Optioins trading | ||
| Overall Cons | The company offer Crypto CFDs outside Africa and UK | customer service efficiency and response time |
| There is no ECN account | ||
| Market maker(dealing desk) type of broker |
Pepperstone vs AvaTrade: Safety and Regulation
| Regulated By: | Pepperstone | AvaTrade |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
Yes |
Yes |
Other Regulators |
Dubai Financial Services Authority (DFSA), BAFIN, SCB, CMA |
Central Bank of Ireland (No.C53877), B.V.I Financial Services Commission, South African Financial Sector Conduct Authority (FSCA No.45984), Japan - Financial Services Agency (License No.: 1662), the Financial Futures Association of Japan (License No.: 1574), Abu Dhabi Global Markets (ADGM), Israel Securities Authority (No. 514666577) |
Pepperstone vs AvaTrade: Trading Conditions
| Trading Conditions | Pepperstone | AvaTrade |
|---|---|---|
Minimum Deposit |
$0 |
$100 |
Trading Platforms |
MT4, MobileTrading, WebTrader, cTrader, TradingView |
MT4, MT5, AvaTradeGo, AvaOptions |
Max Leverage (Futures) |
1-500 |
1-400 |
Supported Markets |
Forex, CFDs on Stocks, Commodities, Metals and ETFs, Shares, Crypto |
Currency pairs, Forex Options, CFDs on stocks, cryptocurrencies, indices, metals, commodities |
Trading assets |
1200+ |
100+ |
Trading Accounts |
Razor, Standard |
Standard, Professional account |
Base Account Currencies |
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
EUR, USD |
Pepperstone vs AvaTrade: Fees
Forex Trading Fees
| Fee | Pepperstone | AvaTrade |
|---|---|---|
Standard Account EURUSD Average Spread |
0.77 pips |
0.9 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
MT4/MT5 Razro - $3.5 per lot. cTrader - $3 per lot |
Not supported |
ECN Account EUR Average Spread |
0.17 pips |
Not supported |
CFD Trading Fees
| Fee | Pepperstone | AvaTrade |
|---|---|---|
CFD Trading Fee |
US Shares and ETF CFDs - $0.02 per share, AU shares CFDs - 0.07$ (minimum AUD5), UK shares CFDs - 0.1% (minimum £10), German shares CFDs - 0.1% (minimum €10) Other markets - floating spread |
Floating spread |
Non-Trading Fees
| Fee | Pepperstone | AvaTrade |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No |
Inactivity Fee |
No |
$50 per quarter after 3 months of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Pepperstone vs AvaTrade: Trading Assets
| Asset Name | Pepperstone | AvaTrade |
|---|---|---|
Overall |
1200+ |
1000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
Yes (CFD) |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
Yes |
Binary Options |
No |
No |
Pepperstone or AvaTrade: Investment Programs
| Asset Name | Pepperstone | AvaTrade |
|---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
Yes |
Other |
No |
Bonds |
Trading Platforms: AvaTrade or Pepperstone
| Pepperstone | AvaTrade | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
Yes |
No |
Appropriate platform |
No |
AvaTradeGo, AvaOptions |
Others |
TradingView |
No |
|
|
|
Pepperstone vs AvaTrade: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Pepperstone | AvaTrade |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes (not available for all countries) |
Yes (not for Australian and EU clients) |
Crypto |
No |
No |
Pepperstone vs AvaTrade: Research
| Research Type | Pepperstone | AvaTrade |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
Pepperstone vs AvaTrade: Education
| Education Type | Pepperstone | AvaTrade |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
Yes |
AvaTrade vs Pepperstone: Support
| Support Features | Pepperstone | AvaTrade |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Pepperstone vs AvaTrade: Forex Bonuses and Promo
| Promo | Pepperstone | AvaTrade |
|---|---|---|
Forex Bonus |
No |
The broker offers its customers a one-time bonus upon first deposit (not for all markets) |
Affiliate Program |
For each attracted client under the terms of the program, the affiliate has the opportunity to receive up to USD 400 |
A trader can receive up to 400 US dollars for inviting friends. |
Other Promos |
Active trader program - Members of the program are paid a daily rebate, which allows them to offset part of their costs. The amount of the rebate depends on the number of trades performed by the trader per month. The rebate for one currency lot is 15%. What’s more, active traders get priority support and free VPS hosting. |
|
|
|
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Top 5 Reviews on AvaTrade
-
Comment
Been using AvaTrade for a few weeks now, and I'm happy with the support they offer. They have a couple different ways to get help, which is convenient. There's an AI-powered chatbot that can answer basic questions, and you can also contact them via WhatsApp. That's pretty cool for quick inquiries. If you have a more complex issue, you can email their customer support team. They got back to me pretty quickly with a helpful answer when I had a question about withdrawal options. However, it would be even better if you could connect directly with a customer service rep through the chatbot. Right now, it just directs you to email if your question is complex. A live chat option would be nice too, for those times when you need help right away. Overall, AvaTrade's customer support is good, with multiple ways to get help. Just wish there was a more direct way to connect with a rep through the chatbot.
-
Comment
I mostly use AvaTrade for long-term stock investing, not day trading. Their fees seem reasonable for that, and they have a good selection of stocks to choose from. Can't speak for the other features like CFDs or options, but for basic stock investing, AvaTrade seems like a decent option. AvaTrade's mobile app is handy for checking on trades on the go, but it could be smoother. Sometimes it takes a while to load charts and info, which can be frustrating. Also, placing trades on the app feels a bit clunky compared to the desktop platform. Would be nice if they updated the app to be more user-friendly.
-
Comment
While trading with AvaTrade, there was one incident. I opened a trade on the USD/CAD currency pair. The trading was going smoothly, and there were no important news releases. Suddenly, there was a sharp market movement that hit my stop-loss. The movement was 29 pips. Later, everything returned to normal, but I incurred a loss. Over the course of a month, I pursued the review of my claim and the cancellation of the losing trade. The company canceled the losing trade, acknowledging such movement as outside of the market. Overall, with AvaTrade, you can fight for and defend your rights.
-
Comment
I requested a withdrawal from Avatrade at the end of the day and received my funds the next afternoon without delay or difficulty. I was pleasantly surprised by the speed of the transaction, especially considering that some companies delay payments for several months. Moreover, I make good profits from my trades on the Avatrade platform, which works flawlessly.
-
Comment
Although I do not consider AvaTrade to be a scam company, I would not recommend starting trading here. Because my work with this broker did not end in the best way. Not only can AvaTrade limit a certain type of trading at any time, but there are also many problems with the platform. Therefore, I lost most of my deposit while trading.
Top 5 Reviews on Pepperstone
-
Comment
As a beginner trader on Pepperstone, one of the biggest tools you should spend time practicing with is the demo account. This is where you can get the perfect practical experience you need to manage the risk the Forex market is known to exist with. You cannot survive in the trading sector if you do not know how to analyze charts using candles and several indicators available on Pepperestone. You can find good trading signals from tools like AutoChartist and the Professional Forex Signal Service, which allow you to copy trading strategies from a large selection of signal providers in a few minutes. But, I would suggest that beginner traders learn how to analyze the market using tools available (charts and indicators) on the Pepperstone demo account, as it will help them learn and become better traders from the trading signals they copy from professionals if they can interpret the strategies.
-
Comment
When I first traded on Pepperstone, one of the trading features i did not quickly understand but rated it as important when i get to understand what it is used for is pips. Infact beginner traders should learn about pips and use them very well when practicing on the demo account provided by Pepperstone. In Forex Trading, Pips happen to be the smallest unit price move an exchange rate makes, and the value depends on the currency pair, trade value and exchange rate. Understanding and utilizing PIPs is crucial for traders as it allows them to accurately assess profit and loss, determine entry and exit points, set stop-loss and take-profit levels, and calculate risk-reward ratios. Additionally, PIPs provide a standardized method for comparing currency pair performance and evaluating market volatility. I would use the Pepperstone pip calculator to calculate the pip value of pairs before i trade. For example, when trading EUR/USD the fixed pip is at 0.01. The value of one pip size is calculate by multiplying the trade value by 0.01.
-
Comment
When trading on Pepperstone, one of the useful tools that make trading much easier is the Autochartist. Analyzing trades to good trade opportunities in real time is when most of the daunting tasks in trading lie. Since the broker incorporates the Autochartist tool, I use the tool to identify chart patterns using technical indicators such as Fibonacci retracements. It is built to recognize trading opportunities based on support and resistance levels, and it keeps an eye on the markets around-the-clock to notify you when there are opportunities to trade. Pepperstone Autochartist is simple to use. First, download the Autochartist mobile app. Next, choose Trading Tools from the secure client area. Next, choose Login to the Mobile App. Finally, use your smartphone to scan the QR code to begin using Pepperstone Autochartist. I use the autochartist in MT4 and MT5 to directly plot trend lines and obtain price forecasts. Simply analyzing the price graph will allow traders to select trades.
-
Comment
Pepperstone Broker is licensed by ASIC regulator, with over ten years of experience, offering conditions suitable for traders of various levels. I started with two hundred dollars, offering spreads from zero, many instruments, and fast execution. Now, about what the company lacks. There are no micro accounts here, and high leverage is only available to professional traders. But I am satisfied with the reliability, quality of services, and the working terminal at Pepperstone Broker.
-
Comment
Pepperstone offers decent trading conditions. I trade all liquid instruments on the Standard account. Everything suits me here. In general, the performance is also not disappointing. I recommend it.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!