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Broker Comparison

OANDA vs Pepperstone

Side-by-side comparison of OANDA and Pepperstone on every dimension professional traders care about — from fees and leverage to regulators, scalping rules, and EA support. Updated May 2026.

Reviewed & ranked byTradingEdge IC License — Investment Consultant (Thai SEC) Strategic Partner of Top-Tier Brokers
Published April 1, 2026·Last updated May 3, 2026·See our review methodology
OA
OANDA
4.5 · New York, USA / Toronto

OANDA is an American broker founded in 1996, the most established in the industry. Strongly regulated: CFTC + NFA + FCA + ASIC. Famous for institutional-grade execution and economic-data tools.

$6.5/lotSpread 0.1p1:50 (US) / 1:200 (Intl)
winner
PP
Pepperstone
4.7 · Melbourne, Australia

Pepperstone is an Australian broker founded in 2010 in Melbourne, specialised in ECN execution and the favourite of algo / scalping traders. Multiple Tier-1 licenses (FCA + ASIC + DFSA + CySEC).

$8.2/lotSpread 0p1:500
Verdict

Pepperstone wins 6/13 categories — the better all-round choice.

OANDA: 2 · Pepperstone: 6 · tied: 5
FieldOANDAPepperstone
Rebate per lot$6.50 / lot$8.20 / lot
Spread from0.1 pips0 pips
Execution speed40 ms30 ms
Max leverage1:50 (US) / 1:200 (Intl)1:500
Min deposit$0$0
User rating4.5 / 5 (4,520)4.7 / 5 (3,210)
Trust score9.21 / 109.08 / 10
Execution typeMarket Maker / STPECN / DMA Aggregation
Liquidity providers18+22+
RegulatorsCFTC (US) · NFA (US) · FCA (UK) #542574ASIC (AU) #414530 · FCA (UK) #684312 · CySEC (CY) #388/20
PlatformsMT4 · MT5 · OANDA Web · OANDA Mobile · TradingView · APIMT4 · MT5 · cTrader · TradingView · Pepperstone Mobile
Payout frequencyรายเดือนรายวัน
Withdrawal time1-2 วันทำการ1 วันทำการ
Swap-free / Islamic
Scalping allowed
EA / algo allowed
Negative balance protection
Strengths of OANDA
  • Most established broker (28 years)
  • 4 Tier-1 regulators
  • No minimum deposit
  • Premium analysis tools
  • Spread wider than ECN brokers
  • No deposit bonus
Strengths of Pepperstone
  • Sub-30ms ECN execution
  • 4 Tier-1 licenses (FCA, ASIC, DFSA, CySEC)
  • Razor spread close to 0.0
  • cTrader / MT4 / MT5 all supported
  • $7/lot commission for Razor
  • No deposit bonus

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