Page Summary
Interactive Brokers and Pepperstone are top online brokers with top-tier licenses. Interactive Brokers is a trustworthy broker with licenses from FINMA, IIROC, FSA, SFC, MAS, FCA, and CFTC. It has a proprietary platform and a professional app with a virtual trading account. Interactive Brokers is a top choice for new traders as it offers many educational tools.
Pepperstone has licenses from the FCA, ASIC, and DFSA. It provides access to 3 account tiers and excellent trading platforms. This broker has a transparent fee policy and account opening process. We recommend Pepperstone to traders at all levels, from beginners to expert.
This article discusses the strengths and weaknesses between Interactive Brokers and Pepperstone.
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Interactive Brokers
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
Pepperstone
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | 1:500 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 1% | 0 |
| Inactivity Fee | 0 | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.2 pips + 0.08 to 0.20 bps times trade size comission | 0.6 |
| Stocks & ETF | $ 0.005 per share | 0 |
| CFD (Gold) | 0.02% | 1.3 |
| Crypto | 0.12% to 0.18% of trade value | 0 |
| Options | 0 | |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees | Yes on CFD’s |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $0 | $0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | YES from US bank account | |
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 16.500 | 0 |
| ETF & Funds | 35.000 | 0 |
| Crypto | 4 | 0 |
| Commodities | 1 | 0 |
| Indices | 3052 | 0 |
| Options | 50.000 | 0 |
| Futures | 245 | 0 |
| Bonds | 1.000.000 | 0 |
| Forex Instruments | 115 | 63 |
| CFD Indices & Funds | 13 | 123 |
| CFD Stocks | 8.000 | 600 |
| CFD Commodities | 2 | 31 |
| CFD Crypto | 0 | 23 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Top findings from the Interactive Brokers vs. Pepperstone review:
- Interactive Brokers is a leading online broker with both beginner-friendly and professional tools.
- Pepperstone is a safe broker with over 1200 different instruments limited to CFDs and forex.
- Both brokers offer a virtual trading account to test their offering.
Interactive Brokers is a top choice for new traders as it has many learning tools. We recommend Pepperstone for traders of every level of experience because of its comprehensive offer.
Level of experience
Interactive Brokers provides access to useful research tools, including Trading Central. It offers top educational materials, including webinars and investor dictionaries. Its demo account is a top learning tool.
Pepperstone is a top provider of educational features and materials. It offers access to webinars, videos, and trading guides. We recommend it for traders of all levels of experience who want access to impressive trading information.
Fees
The minimum initial deposit at Pepperstone is $200, while Interactive Brokers doesn’t charge a fee. Both brokers offer an active trader discount.
Assets
Interactive Brokers offers 105 forex currency pairs, while Pepperstone has 61 available pairs. Interactive Brokers provides access to 7400 CFDs, while Pepperstone has 1200+ CFDs.
Trading platform
Interactive Brokers offers a beginner-friendly trading experience with web and desktop platforms. It has many educational tools, including webinars and advanced trading videos. This broker is a top choice for traders of all levels of experience.
Pepperstone offers a comprehensive portfolio with desktop and web platforms. It has access to the MetaTrader, cTrader, TradingView and professional learning tools. Pepperstone does not have a proprietary mobile app.
Banking services
Banking services offer advantages to traders of all levels of experience. Interactive Brokers offers bank transfers as its funding option. Pepperstone provides access to bank transfers and credit/debit cards.
Final verdict
Interactive Brokers and Pepperstone are top online brokers. Both have advantages and disadvantages depending on your skills, knowledge, and trading experience. We recommend Interactive Brokers to all traders, as it offers useful trading information. Pepperstone is a top provider of educational materials, which is why it is a better fit for new traders.
Interactive Brokers compared to other brokers: