Oanda
Available in your country Oanda accepts clients from the country this site is for.
76.6% of retail investor accounts lose money when trading CFDs with this provider.
Pepperstone
Available in your country Pepperstone accepts clients from the country this site is for.
89% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders Oanda and Pepperstone are best suited to, based on what each one actually offers in Nigeria.Oanda is better than Pepperstone for day traders and futures traders. Both are a good fit for professional traders, high-volume traders and scalpers.
| Overall score | Oanda 82 -2 | Pepperstone 84 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise Oanda and the ones that supervise Pepperstone.Oanda and Pepperstone are both regulated by top-tier authorities, Oanda by KNF, ASIC (Australia) and the CFTC (United States) and Pepperstone by BaFin, CySEC and ASIC (Australia).
| Section score | Oanda 100 | Pepperstone 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that Oanda and Pepperstone have in place to protect your money in Nigeria.Oanda and Pepperstone both offer segregated client funds and two-factor authentication.
| Section score | Oanda 66 | Pepperstone 65 -1 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 1996 | 2010 |
| Parent company i | OANDA Group | Pepperstone Group Limited |
| CEO i | Gavin Bambury | Tamas Szabo |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | N/A | N/A |
| Brand power | ||
| Number of customers worldwide i | 900,000 | |
| Annual revenue i | USD 16,900,000 | USD 13,000,000 |
| Monthly website search traffic i | 1.3M monthly visits | |
Costs
What we compare A comparison of what it costs to trade with Oanda and with Pepperstone in Nigeria, both on each trade and on holding the account.Oanda is better than Pepperstone for costs, as Oanda is cheaper on EUR/USD, at 5.5 USD per lot (against Pepperstone's 9 USD), and does not charge currency conversion fees, unlike Pepperstone. Neither Oanda nor Pepperstone charges account maintenance fees or deposit fees.
| Section score | Oanda 84 Best | Pepperstone 74 -10 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | Free | USD 6 |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 5.5 | USD 9 |
| S&P 500 fees (CFD) i | 0.49 points | 0.47 points |
| Gold fees (CFD) i | 0.57 points | 0.19 points |
| Bitcoin fees (CFD) i | USD 40 | |
| US stocks fees (CFD) i | USD 0.1 | USD 0.02 |
| Fees on stocks | ||
| Stock fee type i | Percentage | Commission, Percentage |
| US stocks fees (real) i | ||
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with Oanda and with Pepperstone in Nigeria, and of how many instruments each one gives access to.Oanda is better than Pepperstone for available markets, because Oanda gives access to 1,500 tradable symbols (against Pepperstone's 1,444), and offers futures on crypto and forex, which Pepperstone does not. Both Oanda and Pepperstone offer CFDs on commodities, crypto, forex, indices and stocks.
| Section score | Oanda 100 Best | Pepperstone 75 -25 |
|---|---|---|
| Total tradable symbols i | 1,500 | 1,444 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | Crypto, Forex | |
| Options i | ||
| Assets you can own i |
Platform
What we compare A comparison of the trading platforms that Oanda and Pepperstone make available to their clients in Nigeria.Oanda and Pepperstone are equally good for platforms, since Oanda offers a proprietary platform while Pepperstone offers cTrader and social trading. Both Oanda and Pepperstone offer MetaTrader 5 and MetaTrader 4.
| Section score | Oanda 91 -1 | Pepperstone 92 |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of Oanda and Pepperstone in Nigeria, and of what each one lets you do from your phone.Pepperstone is better than Oanda for mobile trading, as Pepperstone offers the cTrader app, a social trading app and a copy trading app, which Oanda does not. Both Oanda and Pepperstone offer a proprietary mobile app and the MetaTrader 5 app.
| Section score | Oanda 86 -14 | Pepperstone 100 Best |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that Oanda and Pepperstone allow on their platforms in Nigeria.Pepperstone is better than Oanda for trading features, because Pepperstone allows for high-frequency trading. Both Oanda and Pepperstone offer negative balance protection and trailing stops.
| Section score | Oanda 83 -10 | Pepperstone 93 Best |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | NDD |
| Average execution time i | 30 ms | |
| Slippage occurrence i | ||
| Requotes occurrence i | 0.08% | |
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 888:1 | 500:1 |
| Minor/Exotic FX pairs leverage i | 888:1 | 500:1 |
| Major indices leverage i | 888:1 | 400:1 |
| Minor indices leverage i | 200:1 | 100:1 |
| Gold leverage i | 888:1 | 500:1 |
| Commodities leverage i | 100:1 | 50:1 |
| Equities leverage i | 20:1 | 20:1 |
| Cryptocurrency leverage i | 10:1 | 20:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 0 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at Oanda and at Pepperstone in Nigeria, and of who each one is meant for.Pepperstone is better than Oanda for account types, because Pepperstone offers an ECN account, an Islamic account and a copy trading account, which Oanda does not. Both Oanda and Pepperstone offer a demo account and a professional traders account.
| Section score | Oanda 53 -22 | Pepperstone 75 Best |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with Oanda and with Pepperstone in Nigeria.Pepperstone is better than Oanda for account opening, given that Pepperstone offers 10 account base currencies (against Oanda's 1), supports 3 e-wallets (against Oanda's 2), and credits deposits faster, within 1 day (against Oanda's 2 days). Neither Oanda nor Pepperstone requires a minimum deposit.
| Section score | Oanda 80 -10 | Pepperstone 90 Best |
|---|---|---|
| Minimum deposit i | USD 0 | USD 0 |
| Minimum withdrawal i | USD 0 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | Neteller, Skrill | PayPal, Neteller, Skrill |
| Local payment methods i | ||
| Account base currencies i | USD | AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD |
| Deposit waiting time i | up to 2 business days | up to 1 business days |
| Withdrawal waiting time i | up to 2 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of Oanda and Pepperstone in Nigeria, in how it can be reached and how fast it answers.Pepperstone is better than Oanda for customer care, given that Pepperstone offers customer support in 10 languages (against Oanda's 5), has a website in 9 languages (against Oanda's 7), and offers a dedicated account manager, which Oanda does not. Oanda and Pepperstone both offer phone support and live chat.
| Section score | Oanda 46 -27 | Pepperstone 73 Best |
|---|---|---|
| Number of languages supported i | 7 | 10 |
| Website languages i | German, English, French, Italian, Russian, Spanish, Chinese | Arabic, English, Italian, Korean, Polish, Russian, Spanish, Vietnamese, Chinese |
| Website available in English i | ||
| Customer support languages i | German, English, Russian, Spanish, Chinese | Arabic, English, Italian, Korean, Polish, Russian, Spanish, Thai, Vietnamese, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that Oanda and Pepperstone provide to their clients in Nigeria.Pepperstone is better than Oanda for learning, since Pepperstone offers daily market commentary, which Oanda does not. Both Oanda and Pepperstone offer education for advanced traders and webinars.
| Section score | Oanda 80 -8 | Pepperstone 88 Best |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
Oanda vs Pepperstone: which one should you choose?
Oanda
CFD Choose Oanda, regulated by the FCA and the MAS, if you want a forex brokerage service with low trading costs and CFDs on futures.
Open Account 76.6% of retail investor accounts lose money when trading CFDs with this provider.
Pepperstone
CFD Choose Pepperstone, regulated by BaFin and CySEC, if you want an online CFD broker with cTrader, copy trading accounts and fast withdrawals.
Open Account 89% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include Oanda or Pepperstone, each scored with the same data and method as this page.
