Pepperstone vs AvaTrade: Which Broker Is Best?

2. Best Trading Platforms – Pepperstone

Pepperstone offers 6 vs 4 trading platforms for AvaTrade. One of the additional software packages Pepperstone offers is cTrader which includes cAlgo which allows traders to build cBots and custom technical indicators using C#. TradingView is the second platform offered which is the fastest-growing trading platform for both CFD and forex trading. We like this platform for their advanced charting and the overall trading experience offered.

We have created a software questionnaire if you are unsure what platform best suits your trading style. Based on six simple questions, we can recommend the best trading software for your trading needs.

Another factor when comparing trading platforms is the execution speed. This is critical when algorithmically trading or making trades in volatile markets when slippage can occur. Pepperstone has one of the best technology stacks of any broker achieving:

• Limit order speed of 77ms
• Market order speed of 100ms

Based on our team’s research, we can see that Both brokers offer MetaTrader 4, MetaTrader 5 and their own trading platform but only Pepperstone offers cTrader and TradingView and has supeior execution speeds making it the clear winner in this category.

Our Better Trading Platform Verdict

Pepperstone leads in this category owing to their best trading platforms.

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*Your capital is at risk ‘75.9% of retail CFD accounts lose money’

3. Superior Trading Account – Pepperstone

As mentioned earlier, only Pepperstone offers a Raw Account that comprises a spread and commission resulting in lower trading fees compared to a standard account. The broker also offers an active trading program that discounts $1, $2 or $3 per lot depending on the total amount traded for the month.

We can easily say here that Pepperstone is the only broker that offers a raw account that contains a commission which is further discounted for high volume traders. This gives Pepperstone the best features with the lowest trading costs.

Our Superior Accounts and Features Verdict

Pepperstone definitely steals the show here owing to their superior trading account.

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*Your capital is at risk ‘75.9% of retail CFD accounts lose money’

4. Best Trading Experience- Pepperstone

An exceptional trading experience in the forex market hinges on several key factors: state-of-the-art trading platforms, rapid execution speeds, competitive spreads, and strong customer support. These elements empower traders to make well-informed decisions, execute trades effortlessly, and manage their accounts with ease. Additionally, a user-friendly interface, access to educational resources, and a diverse range of trading tools significantly elevate the overall trading journey, transforming it into a more enjoyable and profitable venture for traders.

During our research, we have seen significant comparison for both brokers, Pepperstone and AvaTrader. While the former offers a wider range of trading platforms, the latter AvaTradeGo is the best for beginners. This is due to its simple interface and trading app functionality. Other elements such as it’s webtrader and social trading add-ons make it easier to implement basic trading strategies.

Our Best Trading Experience and Ease Verdict

Pepperstone definitely steals the show here owing to their superior trading account.

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*Your capital is at risk ‘75.9% of retail CFD accounts lose money’

5. Stronger Trust Score – Pepperstone

Enhanced trust and regulation create a secure and transparent environment in forex trading. Regulated brokers follow stringent standards that safeguard traders against fraud and unethical practices. This instills confidence, prompting traders to invest and trade more actively. Reputable brokers, backed by solid regulatory oversight, attract a larger client base, thereby strengthening their reputation and market position.

Pepperstone Trust Score

Pepperstone is trustworthy with a trust score of 81/100. This was based on the broker’s:

• Strong regulation with four tier 1, one tier 2 and two tier 3 regulators
• A strong reputation with the broker founded in 2010 and receiving 110,000 Google searches each month
• Positive reviews on Trustpilot with an average score of 4.5 from 2,693 respondents

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AvaTrade Trust Score

AvaTrade is trustworthy and has a trust score of 77/100 based on:

• Strong regulation with three tier 1, five tier 2 and two tier 3 regulators
• A medium reputation, founded in 2006 and receiving 90,500 Google searches each month
• Positive reviews on Trustpilot with an average score of 4.5 from 8,813 respondents

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Below compare head-to-head the regulation of each broker which resulted in a tie when it came to the reputation score.

Clearly, we can see here that while this category was extremely close for both brokers, Pepperstone was deemded to have a suprior trust score thanks to the broker’s popularity and growing market share. That said, both brokers can be trusted with strong regulation and reviews.

Our Stronger Trust and Regulation Verdict

Pepperstone steals the show as a result of their stronger trust score.

Pepperstone ReviewVisit Pepperstone

*Your capital is at risk ‘75.9% of retail CFD accounts lose money’

6. Widest CFD Product Range – Pepperstone

Having a top product range and extensive CFD markets allows traders to diversify their portfolios and capitalize on various market conditions in the industry of forex trading. Brokers offering a wide selection of financial instruments, including forex pairs, commodities, indices, and cryptocurrencies, provide traders with more opportunities to profit. This variety enhances the trading experience, making it more dynamic and adaptable to different trading strategies.

Pepperstone offers more markets to be traded compared to Avatrade including:

• 500+ more shares CFDs
• 40 more currency pairs
• 28 more ETFs

With 6 of the 7 categories of tradable instruments offered more by Pepperstone than AvaTrade, the broker offers a superior range of markets.

Our Top Product Range and CFD Markets Verdict

Pepperstone outperforms the challenger due to their widest CFD product range.

Pepperstone ReviewVisit Pepperstone

*Your capital is at risk ‘75.9% of retail CFD accounts lose money’

7. Superior Educational Resources – AvaTrade

Superior educational resources equip traders with a wealth of comprehensive learning materials for forex trading, including webinars, articles, video tutorials, and structured courses. These invaluable resources empower traders to gain the knowledge and skills essential for making informed decisions, refining their trading strategies, and confidently navigating the forex market. By providing access to high-quality educational content, traders are encouraged to engage in continuous learning and growth, significantly contributing to their long-term success in trading.

Pepperstone and AvaTrade both provide educational resources, but the quality and variety of these resources differ between the two platforms.

• Pepperstone offers webinars and tutorials.
• AvaTrade provides an economic calendar and market analysis.
• Both brokers offer trading guides and FAQs.
• AvaTrade has a dedicated education section on its website.
• Pepperstone provides articles and insights.
• AvaTrade offers risk management tools like AvaProtect.

With these data given, we can easily say that AvaTrade scores higher in offering comprehensive educational resources.

Our Superior Educational Resources Verdict

AvaTrade secures the top spot here in light of their superior educational resources.

Avatrade ReviewVisit Avatrade

8. Best Customer Service – Pepperstone

Superior customer servicein forex trading ensures traders receive timely support and guidance, fostering a seamless and confident trading experience. It includes responsive live chat, phone, and email support, available 24/7, and multilingual assistance. This level of service helps traders resolve issues quickly, enhances their overall satisfaction, and builds trust in the broker.

Based on our studies, Pepperstone has superior customer service that, unlike AvaTrade, is offered on the weekend. They also offer a dedicated account manager ideal for experienced forex traders.

In conjecture, we can see that while Pepperstone won this category, AvaTrade’s customer support team were more geared towards novice traders making it easier to onboard and explain basic forex concepts over the phone and in our live chat exchanges.

Our Superior Customer Service Verdict

Pepperstone truly excels in this portion thanks to their best customer service.

Pepperstone ReviewVisit Pepperstone

*Your capital is at risk ‘75.9% of retail CFD accounts lose money’

9. Top Funding Options – Pepperstone

Brokers offering better funding options in forex trading provide flexibility and convenience through methods like bank transfers, cards, digital wallets (PayPal, Skrill, Neteller), and cryptocurrencies. Multiple low or no-fee methods help traders manage deposits and withdrawals efficiently, enhancing their trading experience.

Funding methods available for each broker are explained below with both brokers having mainstream payment facilities from debit cards, credit cards to bank transfers:

Our Better Funding Options Verdict

Pepperstone outshines the contender here in light of their top funding option.

Pepperstone ReviewVisit Pepperstone

*Your capital is at risk ‘75.9% of retail CFD accounts lose money’

10. Lower Minimum Deposit – Pepperstone

A broker that offers a lower minimum deposit in forex trading significantly enhances market accessibility for a broader spectrum of traders, including novices and those with limited funds. By enabling traders to enter the market with a smaller initial investment, it effectively lowers the financial barriers to entry. This inclusivity not only fosters greater participation but also grants aspiring traders the chance to gain valuable experience and refine their skills without facing substantial upfront costs.

Pepperstone has the lowest minimum deposit of $0, compared to $100 for AvaTrade. Pepperstone doesn’t charge a deposit or withdrawal fee, and the same applies to AvaTrade.

Our Lower Minimum Deposit Verdict

Pepperstone undoubtedly excels in this niche owing to their lower minimum deposit.

Pepperstone ReviewVisit Pepperstone

*Your capital is at risk ‘75.9% of retail CFD accounts lose money’

So is AvaTrade Vs Pepperstone the Best Broker?

Pepperstone is better than AvaTrade winning 8 categories including having lower trading costs and a superior trading platform.

Our team’s analysis strongly indicates that if you’re a novice trader, AvaTrade is an excellent choice for you. Its user-friendly interface, outstanding educational resources, and focus on beginner-friendly customer support set it apart. Conversely, for seasoned traders seeking the best platforms, minimal fees, and advanced features, Pepperstone stands out as the optimal broker.