Broker comparison between Vantage Markets vs Pepperstone
Do you want to figure out which is the better broker, vantage-fx or pepperstone?
In the following table, you can compare the features of vantage-fx and pepperstone side by side to determine the best fit for your trading needs.
Which broker is more reliable?
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction.
2.Does vantage-fx or pepperstone have a lower transaction costs and fees?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we believe that vantage-fx and pepperstone are both reliable. We analyze the reasons as following:
Forex broker introduction
General Information & Regulation
Vantage FX was founded in 2009, is an online broker, owning several entities under different regulation. Vantage International Group Limited trading under Vantage FX, is authorised and regulated by the Cayman Islands Monetary Authority (CIMA), Securities Investment Business Law (SIBL) number 1383491; Vantage Global Prime Pty Ltd trading under Vantage FX, is regulated by the Australian Securities and Investments Commission (ASIC), AFSL no. 428901 and is located at level 29, 31 Market St, Sydney, New South Wales, 2000, Australia; Vantage Global Limited is authorised and regulated by the VFSC under Section 4 of the Financial Dealers Licensing Act [CAP 70] (Reg. No. 700271).
Vantage FX does not offer our services to residents of certain jurisdictions such as North Korea, Japan, United States and some other regions.
Vantage FX offers investors a wide range of trading instruments, including Forex, Indices, Energy, Soft Commodities, Precious Metals, US Equity CFDs, UK & European Equity CFDs, Australian Equity CFDs.
There are three trading accounts on offer on the Vantage FX platform: the Standard, the Raw and the Pro accounts. The minimum intial deposit requirement to start a standard account is $200, in line with the sector standard. The pro account requires a relatively high deposit of $20,000, which seems designed for seasoned traders to have a try.
Vantage FX Leverage
Vantage FX, as a typical Australia broker, can offer the maximum trading leverage of up to 1:500. However, inexperienced traders are advised not to use such high leverage level in case of heavy fund losses.
Spreads & Commissions
When it comes to the core part of the forex trading-spread, it varies depending on various account types. The EURUSD spread in the standard STP account start from 1.4 pips, 1.6 pips on GBPUSD, 1.4 pips on AUDUSD, and 1.5 pips on USDJPY, with no additional commissions. The spreads in the Raw account and the Pro account are almost the same, with the EURUSD pair from 0.0 pips, GBP/USD from 0.5 pips, with an additional commissions required, USD currency with a commission of $6 round turn per lot, GBP currency with a commission ￡5 round turn per lot.
Vantage FX Trading Platform
Vantage FX offers traders the most popular online forex trading terminals on the market- MT4 and MT5 trading platforms. MT4 trading platform from VANTAGE FX comes with a wide range of powerful chart types and supports desktop, web, and mobile devices, etc. MT5 offers a full suite of trading needs, including forex, commodities, and indices, with all quotes from liquidity providers at your fingertips. MT5's two account types (Equity and Hedge) make it easier for traders to manage their accounts in the way they want.
Deposit & Withdrawal
Vantage Fx offers several flexible deposit options, mainly Domestic EFT (AUD), Domestic Express Transfer (for Australia only), International EFT (AUD, USD, GBP, EUR, SGD, NZD, CAD), BPAY (for Australia only), POLi Payments (for Australia only), VISA/ MASTERCARD credit/debit card (supports AUD, USD, GBP, SGD, JPY, NZD, CAD), JCB (JPY), China UnionPay (USD), Skrill & NETELLER (AUD, USD, GBP, SGD), Broker Interchange, FasaPay (USD), Thai Bank Instant Wire Transfer (USD) Vantage FX does not charge any internal fees for any deposits/withdrawals. However, outgoing and incoming deposits from foreign banking institutions may be subject to brokerage fees for either party, these fees are not controlled by Vantage FX, and the user is responsible for the costs incurred.
In terms of customer support, Vantage FX provides email, telephone and live chat for traders. Moreover, they are also some social media platforms, including Twitter, Linkedin and Facebook.
General Information & Regulation
Pepperstone is a broker providing Forex and CFD trading services, founded in 2010 by a management team with extensive experience in the Forex and IT industries. The company is headquartered in Melbourne, Australia, with offices in Bangkok, London, UK, and Dallas, USA. The company currently holds a full license from the Australian Securities and Investments Commission (FCA) (license number: 414530), an STP license from the UK Financial Markets Authority (license number: 684312), and a retail forex license from the Securities Commission of the Bahamas (SCB) (license number: SIA-F217).
Investors can trade more than 70 currency pairs, metals (such as gold and silver), commodities such as oil and gas, and a wide range of major stock indices on the Pepperstone platform.
Pepperstone offers two types of trading accounts for investors, the Standard STP account and the Razor account. Both accounts have a minimum deposit of $200. This broker doesn't enforce its minimum deposit while in the UK recommended trading balance of￡500.
With traders from Europe or those which account are registered with Pepperstone UK, as the European ESMA regulation recently lowered the maximum allowed leverage with a security purpose the maximum leverage level is 1:30 on Forex instruments.Pepperstone still offers leverage of 1:500 for the approved pro clients.
Spreads & Commissions
The main spreads for standard STP accounts are 1.2-1.6 for USD/EUR and 1.2-2.2 for GBP/USD, with no commission required. The main spreads for Razor accounts are 0.1-0.4 for EUR/USD and 0.1-1 for GBP/USD, with a certain commission.
Pepperstone offers its users the trading platforms MT4, MT4Mac, Smart Trader, WebTrader, iPhone version, Android version, and Tablet version. The company's MT4 can be used as a native OSX application - meaning there is no need to use expensive Windows emulators or other software to run the platform. Stimulus' Mac OSX platform has the full functionality of MT4, allowing traders to run all the same expert trading guidance tools and indicators on their Macs.
Deposit & Withdrawal
The broker welcomes deposit and withdrawal methods, including Union Pay and wire transfers. The company does not charge users any internal fees for accessing their funds. International wire transfer fees charged by banking institutions are the responsibility of the user, capped at $20.
Does vantage-fx or pepperstone have a lower transaction costs and fees?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive vantage-fx and pepperstone are, we first considered common fees for standard accounts. On vantage-fx, the average spread for the EUR/USD currency pair is 0.0 pips pips, while on pepperstone the spread is 0.6 pips.
Which broker is safer, vantage-fx or pepperstone?
To determine the safety of a forex brokers, our experts take various factors into consideration in a multi-dimensional manner. This includes which regulatory licenses the forex trader holds and how reputable those licenses are. We also consider the history of a forex dealer, as long-standing dealers are usually more reliable and trustworthy than newer start-ups. vantage-fx is regulated by ASIC,FCA,CIMA. pepperstone is regulated by ASIC,CYSEC,FCA,DFSA,SCB,BaFin.
Which broker provides better trading platform, vantage-fx or pepperstone?
When our experts review a broker, they usually open real trading accounts and trade through the broker's trading platform. This gives us a better overall assessment of the quality of the platform, the ease of use and the features it offers. vantage-fx Available trading platforms include PRO ECN、RAW ECN、Standard STP, tradable financial instruments include Standard、Razor pepperstone works/provides PRO ECN、RAW ECN、Standard STP trading platform, trading instruments Standard、Razor