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Interactive Brokers vs Pepperstone: Comparison and Analysis

Trying to figure out whether to use Interactive Brokers or Pepperstone? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of Interactive Brokers and Pepperstone side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

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74-89% of retail CFD accounts lose money
Interactive Brokers review
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74-89% of retail investor accounts lose money when trading CFDs
Pepperstone review

Overall Ratings


Rated
79
Rated
90

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • Interactive Brokers
  • Pepperstone

Security 95
Security 94

Cost 67
Cost 78

Trading 71
Trading 100

Education 75
Education 71

Company Info


Foundation
1978
2010
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, chi(t/s), de, es, fr, ru, it, jpn
en, ar, es, pol, ru, ko, viet, it, chi

Leverage


Non-EU Leverage ?
0
200:1
European Leverage ?
30:1
30:1
Australian Leverage ?
0
30:1
US Leverage ?
0
0
Canadian Leverage ?
50:1
0

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
CIRO ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
399331
SimilarWeb - Total Visits
416901
Facebook Likes
66224
Twitter Likes
1800000
Instagram Likes
192258

Deposit and Withdrawal


Minimum Deposit ?
Minimum Withdraw ?
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Check, Bpay
Bpay, POLi, UnionPay
Deposit Waiting Time ?
1 business day
1 business day
Withdraw Waiting Time ?
1 business day
1 business day
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
AUD, EUR, GBP, USD, CAD, CHF, CNY, CZK, HKD, HUF, JPY, MXN, NOK, NZD, RUB, SEK, SGD
AUD, EUR, GBP, USD, CAD, CHF, HKD, JPY, NZD, SGD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
0.5
Natural Gas ?
5.0
Silver ?
0.5
Platinum ?
Copper ?
Soybeans ?
Corn ?
Gold ?
0.5

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
0.2
0.09
USD/JPY Average Spread
0.2
0.19
USD/CHF Average Spread
0.2
0.35
GBP/USD Average Spread
0.2
0.38
USD/CAD Average Spread
0.2
0.27
AUD/USD Average Spread
0.2
0.17
NZD/USD Average Spread
0.2
0.32
EUR/GBP Average Spread
0.2
0.41

Fees on Stocks


Apple
1.0
Facebook
1.0
Alphabet
1.0
Snapchat
1.0
BP
4.0
Tesco
4.0
Barclays
4.0
Lloyds
4.0

Fees on Indices


FTSE100
1.05
S&P500
0.47
Dow Jones
2.0
Nasdaq
2.0
CAC40
DAX30
0.9
Nikkei 225
8.0
Euro Stoxx 50
2.0

Fees on Cryptocurrencies


Bitcoin
0
1
Ethereum
0
$4.0
Ripple
0
0
Litecoin
0
$3.0
Bitcoin Cash
0
$4.0
Dash
0
$3.0
Monero
0
0
Neo
0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, chi(t/s), de, es, fr, ru, it, jpn
en, ar, es, po, ko, viet, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
23
70
Crypto ?
23
70
Commodities ?
10
15
Stocks ?
5000
61
Indices ?
14
ETF ?
50
Futures ?
10
Options ?
10
Bonds ?
38000
Metal ?
5
Agricultural ?
5
5
Energies ?
5
5
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?
ETF, Stocks

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
0.001 lots
0.01 lots
Maximum Trade Size ?
100 lots
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
51
51
Number Chart Drawing Tools ?
31
31
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, chi(t/s), de, es, fr, ru, it, jpn
en, ar, es, pol, ru, thai, ko, viet, it, chi

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

Interactive Brokers vs Pepperstone: A Comparison Summary

Interactive Brokers and Pepperstone are both popular online brokers for trading in the financial markets. This comparison summary aims to help traders choose the best broker for their trading needs by providing an overview of the features and services offered by each broker.

Security

Both Interactive Brokers and Pepperstone are regulated by multiple financial authorities, including the FCA and ASIC. Interactive Brokers has a higher security rating, with a score of 95, compared to Pepperstone 94.

Demo Account

Interactive Brokers offers an unlimited demo account with virtual funds of $1,000,000 that can be restored by contacting customer support. In contrast, Pepperstone offers a 30-day demo account for MT4 and MT5 accounts and an unlimited demo account for cTrader accounts with virtual funds of $50,000.

Account Opening

Interactive Brokers has no minimum deposit requirement, but traders need at least $2,000 to trade with margin. Pepperstone does not have a minimum deposit requirement, but suggests a minimum deposit of $200. Both brokers offer a wide range of payment methods, including wire transfers, credit/debit cards, and eWallets.

Social-Copy Trading

Interactive Brokers does not offer copy-social trading, while Pepperstone allows traders to engage in copy trading through third-party platforms such as Duplitrade and Myfxbook.

Markets

Interactive Brokers offers a wider range of trading assets, including forex, commodities, crypto assets, stocks, ETFs, futures, and options. Pepperstone offers a smaller selection of markets, including forex, commodities, indices, crypto assets, and stocks.

Trading Fees

Both brokers offer variable spreads, but Interactive Brokers has lower spreads, starting from 0.1 pip on forex, compared to Pepperstone’s 0 pip on forex. Both brokers charge commissions per lot traded, with Interactive Brokers charging up to $7 per lot and Pepperstone charging up to $7 per lot as well. Interactive Brokers has lower fees on stocks and ETFs, while Pepperstone is better for scalping due to its low spreads.

Platforms

Interactive Brokers offers a proprietary trading platform available as desktop, webtrader, and mobile, while Pepperstone does not offer any proprietary platforms. Both brokers offer the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as cTrader. All platforms offered by both brokers allow traders to engage in algo trading, and both offer VPS services.

Education/Customer Care

Both brokers offer a range of educational materials, but Interactive Brokers has a wider range for both beginner and advanced traders. Pepperstone’s education materials are mainly geared towards beginner traders. Both brokers have excellent customer support and can be easily contacted via email, telephone, and live chat in multiple languages.

Conclusion

In conclusion, Interactive Brokers and Pepperstone are both reputable brokers with their unique strengths and weaknesses. Interactive Brokers offers a wider range of markets, lower fees on stocks and ETFs, and a more extensive range of educational materials. In contrast, Pepperstone is better for scalping due to its low spreads, offers copy trading through third-party platforms, and has won awards for customer service. Ultimately, traders should choose a broker based on their trading needs, preferences, and objectives.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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2FC Financial Srl
Via Filippo Argelati, 10,
Milan, Italy
20143

VAT No. IT10004450960
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