Dive into our comprehensive comparison between Pepperstone and Trading 212. We cover everything from trading costs and platforms to account types and customer service, helping you make an informed decision.
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Our full comparison covers the 10 most important trading factors to help you make an informed decision between Pepperstone and Trading 212. Here are five key differences:
When it comes to trading costs, both Pepperstone and Trading 212 have their unique features.
1. Standard Account Spreads
Pepperstone’s Standard account offers average spreads of 1.16 pips on EUR/USD while Trading 212 offers average spreads of 0.8 pips on the same pair. Tight spreads are important as they reduce the cost of trading, especially for high-frequency traders. You can check out our unique research on Lowest Commission Brokers for more information.
| Broker | Average Spread (EUR/USD) |
|---|---|
| Pepperstone | 1.16 pips |
| Trading 212 | 0.8 pips |
2. RAW Account Spreads
Pepperstone’s Razor account offers average spreads of 0.09 pips on EUR/USD, which is significantly lower than the spreads offered by Trading 212. For more details, you can refer to our exclusive research on Lowest Fixed Spread Brokers.
| Broker | Average Spread (EUR/USD) |
|---|---|
| Pepperstone | 0.09 pips |
| Trading 212 | N/A |
3. Commission Rates
Pepperstone charges a commission of $3.76 per side and a $7.53 round turn on its Razor account. Trading 212, on the other hand, does not charge any commission on its accounts.
| Broker | Per Side (USD) | Round Turn (USD) |
|---|---|---|
| Pepperstone | $3.76 | $7.53 |
| Trading 212 | $0 | $0 |
4. Deposit & Withdrawal Fees
Both Pepperstone and Trading 212 do not charge any deposit or withdrawal fees.
5. Other Fees
Pepperstone does not charge any inactivity fee while Trading 212 charges an inactivity fee of $10 per month after 180 days of inactivity.
Verdict: Trading 212 offers lower trading costs overall, making it a better choice for cost-conscious traders.
Trading 212 ReviewVisit Trading 212
Pepperstone offers a range of trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader. These platforms are known for their advanced trading tools and capabilities, making them a popular choice among experienced traders. You can learn more about Pepperstone’s trading platforms at our Best cTrader Brokers page.
Trading 212, on the other hand, offers a proprietary platform that is user-friendly and intuitive, making it ideal for beginner traders.
Verdict: Pepperstone is the better choice for traders who prefer advanced trading platforms while Trading 212 is more suitable for beginners.
Pepperstone offers two account types: Standard and Razor. The Standard account offers no commission but higher spreads, while the Razor account offers lower spreads with a commission. You can learn more about Pepperstone’s account types at our Swap Free Islamic Accounts page.
Trading 212 offers three account types: CFD, Invest, and ISA. The CFD account offers trading on a wide range of financial instruments with leverage, the Invest account offers commission-free investing in real stocks and ETFs, and the ISA account offers tax-free investing up to a certain limit.
Verdict: Trading 212 offers more account types catering to different trading and investing needs, making it a more versatile broker.
When it comes to trading experience, both Pepperstone and Trading 212 have their unique strengths. Pepperstone is a powerhouse for advanced traders, offering MetaTrader 4, MetaTrader 5, and cTrader platforms. These platforms are loaded with advanced trading tools that can make any experienced trader feel at home.
Trading 212 is more beginner-friendly, offering a simpler, more intuitive trading platform. It’s the kind of platform where you don’t have to scratch your head to find basic features. The broker also provides extensive educational resources, making it easier for new traders to get up to speed.
Verdict: For advanced traders looking for a robust trading experience, Pepperstone is the go-to option. However, if you’re new to trading and want a smooth, easy-to-navigate platform, Trading 212 is your best bet.
Pepperstone Trust Score
Trading 212 Trust Score
Pepperstone is regulated by several top-tier regulators, including the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA), and the Cyprus Securities Exchange Commission (CySEC). Trading 212, on the other hand, is regulated by the FCA and the CySEC.
| Pepperstone | Trading 212 | |
|---|---|---|
| Tier 1 Regulation | ASIC (Australia) FCA (UK) BaFin (Germany) CYSEC (Cyprus) |
FCA (UK) CYSEC (Cyprus) |
| Tier 2 Regulation | DFSA (Dubai) | |
| Tier 3 Regulation | SCB (Bahamas) CMA (Kenya) |
FSC-BG |
Verdict: Both brokers are highly regulated, but Pepperstone has a slight edge due to its regulation by more top-tier regulators.
Pepperstone offers a broad range of markets and instruments, including Forex, commodities, and indices. The broker also provides a variety of CFDs, including cryptocurrency CFDs. The availability of MetaTrader 4 and MetaTrader 5 platforms further enhances the trading experience, allowing traders to diversify their portfolios easily.
| Product/Market | Pepperstone | Trading 212 |
|---|---|---|
| Forex | Yes | Yes |
| Commodities | Yes | Yes |
| Indices | Yes | Yes |
| Stocks | No | Yes |
| Cryptocurrency CFDs | 12+ | No |
| ETFs | No | Yes |
| Bonds | No | No |
| Options | No | No |
| Best for CFD | No | FP Markets (from our testing) |
| Best for Crypto | No | Eightcap (from our testing) |
Trading 212, on the other hand, offers a more diversified product range, including stocks and ETFs, which are not available with Pepperstone. The broker also provides three different account types: CFD, Invest, and ISA, allowing traders to choose based on their trading and investing needs. However, it’s worth noting that Trading 212 does not offer cryptocurrency CFDs, which might be a downside for some traders.
Verdict: For traders looking for a diversified range of markets and products, Trading 212 offers a more comprehensive portfolio. However, if cryptocurrency CFDs are a priority, then Pepperstone is the better choice.
Pepperstone offers a variety of educational resources aimed at both beginner and experienced traders. They provide webinars, video tutorials, and market analysis to help traders make informed decisions. However, the broker could improve in offering more beginner-friendly content.
Trading 212, on the other hand, focuses more on beginner traders. They offer a comprehensive range of educational materials, including video tutorials, articles, and a demo account to practice trading.
Verdict: Based on our team’s scoring, Pepperstone offers superior educational resources with a score of 7, compared to Trading 212’s score of 5.
Both Pepperstone and Trading 212 offer excellent customer service with 24/5 live chat, email, and phone support. However, Pepperstone goes a step further with its dedicated account manager for premium clients.
Verdict: While both brokers offer excellent customer service, Pepperstone’s dedicated account manager for premium clients gives it an edge.
| Criteria | Pepperstone | Trading 212 |
|---|---|---|
| 24/5 Live Chat | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| Dedicated Account Manager | Yes (for premium clients) | No |
Pepperstone provides a variety of funding options, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller. The broker also offers a quick and straightforward funding process, which is a significant advantage for traders who want to get started without any hassle.
Trading 212, on the other hand, also offers multiple funding options but focuses more on bank transfers and credit/debit cards. They do not offer as many e-wallet options as Pepperstone, which could be a limiting factor for some traders.
| Funding Option | Credit/Debit Card | Bank Transfer | Skrill | Neteller | PayPal | WebMoney | UnionPay | FasaPay | BPay |
|---|---|---|---|---|---|---|---|---|---|
| Pepperstone | ✓ | ✓ | ✓ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ |
| Trading 212 | ✓ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
Verdict: Based on the available funding options, Pepperstone offers a more diverse range of methods, making it the better choice for traders looking for flexibility in funding their accounts.
When it comes to starting your trading journey, the minimum deposit requirement can be a significant factor. Pepperstone offers two types of accounts: Standard and Razor. Surprisingly, both accounts have a $0 minimum deposit requirement, making it incredibly accessible for traders of all levels.
Trading 212, on the other hand, has a minimum deposit requirement of $10 for its standard account. While this amount is relatively low, it’s not as inviting as Pepperstone’s $0 requirement. This could be a deciding factor for traders who are cautious about initial investment and want to start trading without committing a lot of capital.
| Broker | Standard Account | Razor Account |
|---|---|---|
| Pepperstone | $0 | $0 |
| Trading 212 | $10 | N/A |
Verdict: When it comes to the minimum deposit requirement, Pepperstone is the clear winner with a $0 requirement for both its Standard and Razor accounts, compared to Trading 212’s $10 minimum deposit.
Pepperstone is the winner because it offers a more comprehensive range of services, from educational resources to funding options, and is strongly regulated. The table below summarises the key information leading to this verdict:
| Criteria | Pepperstone | Trading 212 |
|---|---|---|
| Lowest Spreads And Fees | ❌ | ✅ |
| Better Trading Platform | ✅ | ✅ |
| Superior Accounts And Features | ❌ | ✅ |
| Best Trading Experience And Ease | ✅ | ✅ |
| Stronger Trust And Regulation | ✅ | ❌ |
| Top Product Range And CFD Markets | ❌ | ✅ |
| Superior Educational Resources | ✅ | ❌ |
| Superior Customer Service | ✅ | ❌ |
| Better Funding Options | ✅ | ❌ |
| Lower Minimum Deposit | ✅ | ❌ |
For beginner traders, Trading 212 is the better option due to its user-friendly platform and educational resources.
For experienced traders, Pepperstone is the superior choice, offering advanced trading platforms and a wide range of funding options.
Trading 212 has lower costs compared to Pepperstone. Trading 212 operates on a commission-free model, while Pepperstone charges a commission of $3.76 per side on its Razor account. For more insights on brokers with low fees, you can explore this guide to Lowest Commission Brokers.
Pepperstone is the superior choice for MetaTrader 4 users. It offers advanced features and tools that significantly enhance the MT4 trading experience. For a comprehensive list of top MT4 brokers, you can refer to this expert guide on the best MT4 brokers.
Neither Trading 212 nor Pepperstone offers social or copy trading as a core feature. However, Pepperstone does offer features like Capitalise.ai for automated trading. If social trading is what you’re looking for, you can check out this list of the best social trading platforms.
Neither Trading 212 nor Pepperstone offers spread betting as a core feature. If you’re specifically interested in spread betting, you might want to look elsewhere. For more information, you can check out this guide to the best spread betting brokers in the UK.
In my opinion, Pepperstone is the superior choice for Australian Forex traders. It’s ASIC-regulated and was founded in Australia, which adds an extra layer of trust. Trading 212, on the other hand, is not ASIC-regulated and is based overseas. For a comprehensive list of top brokers in Australia, you can refer to this expert guide on the Best Forex Brokers In Australia.
For UK traders, I’d recommend Pepperstone. Both brokers are FCA-regulated, but Pepperstone offers a more comprehensive range of services and is strongly regulated. Trading 212, although FCA-regulated, is not based in the UK. For more insights on the best brokers in the UK, you can explore this guide to the Best Forex Brokers In UK.
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