Traders and investors today know the importance of choosing an online broker that can offer the best online trading experience, that will give them the opportunity to make the most profitable and rewarding trades.
It ranges from reliability to professional customer support, number of assets, friendly and easy platform for navigation, financial tools, educational resources, competitive rates and more.
When you are faced with 2 highly respected brokers to choose from, the choice can be tough.
Our team of professional financial experts took up the challenge and did a comparison of 2 of the most trusted brokers, Pepperstone and AvaTrade and made an in-depth and thorough investigation on what each offers.
Although ultimately the choice is what is right for you and your specific individual needs, the results of the findings will help you to make the best choice.
A Detailed Comparison
AvaTrade is the recipient of several prestigious awards and has over 200,000 registered customers. They offer an easy to use trading platform with advanced tools with superior trading conditions and have an excellent reputation.
Pepperstone has a superb reputation with a rich trading environment designed specifically for forex traders. An excellent support team and provides institutional grade trading minus complicated account structures and catches.
Regulation and Demo Accounts
AvaTrade is authorized and regulated by as the Australian Securities and Investments Commission, the Financial Futures Association and Commodities Futures Association of Japan, the Financial Services Commission and the Central Bank of Ireland.
They offer their clients a free demo account which comes with virtual money to practice trade for 21 days only.
Pepperstone is authorized by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA).
A free demo account with virtual money to practice trades is also available for clients of Pepperstone.
AvaTrade has a selection of powerful trading platforms including the popular MetaTrader 4 and their very own downloadable platform AvaTrader with advanced charting and multiple live news feeds.
That’s not all…
They also offer Webtrader, Mobile and an automated trading system including MirrorTrader and ZuluTrade which is capable of emulating the trades of skilled traders even if it is unattended.
But consider this
Pepperstone offers a total of 11 platforms. The MetaTrader 4 has the standard MetaTrader 4 for Windows, MetaTrader 4 for Mac, MetaTrader 5, WebTrader and mobile applications for devices running on iPhone, Android and iPad or Tablet.
They all come with Smart Trader Tools. Their cTrader platform is available in three different versions: cTrader WebTrader, cTrader cAlgo and cTrader Mobile.
Instruments You Can Trade On
AvaTrade offers more than 250 instruments including the hottest emerging cryptocurrencies like Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, IOTA, DASH, NEO, Monero, Zcash and Qtum.
Here’s the thing
Pepperstone offers over 70 tradable assets which include forex, gold, oil, CFDs and many more that are easily assessable across all of their multiple platforms allowing you to explore different markets on almost any device.
AvaTrade is very competitive with a minimum lot size is 0.01 and have reduced the fixed floating and options spreads by an average of 35% across the majors and as much as 50% on some FX pairs, extra-low spreads, excellent bonuses and up to 400:1 leverage.
On the other hand…
Pepperstone offers ultra-low spreads, up to 1:500 leverage, with spreads that can go as low as 0 pips, on major currency pairs like the EUR/USD on the MetaTrader 4 platform during liquid times.
Here’s the kicker:
Pepperstone also provides institutional grade trading.
Quality of Educational Resources
AvaTrade provides top educational materials from novices to advanced trading techniques that can be accessed through e-books, on-line videos with economic indicators.
Their education program allows traders to trade with confidence.
Pepperstone’s education center covers an extensive array of online resources for the trader which includes trading guides, expert webinars.
So what’s the point?
The webinars are informative, where you can discover the secrets of leverage, forex trading essentials, the use of multiple time frame analysis and lots more.
But here’s the interesting thing
Pepperstone analysts and experts help to define your trading style and develop a strategy. Courses are conducted in English.
Deposits and Withdrawals
AvaTrade offers their clients a big variety of payment options with the use of various credit and debit card brands like MasterCard and Visa, wire transfer and several E-payment methods like PayPal (except for EU customers).
They also offer clients a high level of security and implement a 256-bit SSL encryption.
First of all
Traders need to deposit a minimum of $250 to trade with them.
Pepperstone supports deposits and withdrawals with a selection of banking credit and debit cards (Visa and MasterCard), PayPal, POLi, China Union Pay, Banc Transfer (Domestic and International), BPay, Skrill (Moneybookers), Neteller, Qiwi, Fasapay and even Broker to Broker.
And here’s the deal:
They require a deposit of only $200.
Quality of Customer Support
AvaTrade’s customer support is very impressive, compared to many other brokers.
Want to know the best part?
Their response time is fast and professional and because traders get their own personal account managers assigned to them they are able to track the trades and help with any queries.
The fact of the matter is…
There is also a variety of ways you can contact them, either by live chat, phone, email and call back.
Pepperstone’s customer support is very supportive, polite and professional they are able to handle any question easily and can be reached via live chat, phone support and email.
AvaTrade and Pepperstone both enjoy an unblemished reputation amongst traders and investors and provide the highest standards for online trading, together with a rich trading environment.
By now you’ll have realised
Both are recognized and fully authorized by leading financial institutions around the world, providing a safe environment for their clients.
That’s not all…
They have both managed to provide easy-to-use platforms that can be monitored from the main trading screen, with charts, prices and advanced tools.
And now, you’re good to go!
Are you ready to start trading with the top online brokers? You can’t go wrong with either choice.