Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs IUX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone, founded in 2010, and IUX, established in 2016, are noteworthy players in the world of online brokerage. While neither is a publicly traded company or a bank, Pepperstone sets itself apart with a high Trust Score of 95 out of 99, according to ForexBrokers.com, indicating a high level of trust. In comparison, IUX holds a Trust Score of 78, suggesting an average level of risk. Pepperstone’s reputation is further bolstered by its three Tier-1 licenses, which are considered highly trusted, and two Tier-2 licenses, demonstrating a strong regulatory foundation.
IUX, on the other hand, holds one Tier-1 license and one Tier-2 license. While both brokers offer secure trading environments, Pepperstone’s regulatory credentials provide it with an edge, making it a preferable choice for those prioritizing trust and compliance. Whether you favor Pepperstone's long-standing history and regulatory strength or explore IUX's offerings, understanding regulatory standings can guide traders in making informed decisions.
| Feature |
Pepperstone
|
IUX
|
|---|---|---|
| Year Founded | 2010 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
Pepperstone and IUX both target cost-conscious traders, but their fee structures differ. Pepperstone earns 4.5/5 stars and ranks #6 of 63 for Commissions and Fees, while IUX earns 4/5 stars and ranks #19 of 63. On EUR/USD, IUX’s Pro account averages 0.7 pips and its Raw account is about 0.6 pips all-in after commission, compared with Pepperstone’s Razor account at 0.80 pips all-in on average (July 2024). That said, Pepperstone’s volume-based rebates can lower effective costs for eligible high-volume traders.
Pepperstone’s Razor account (available on TradingView, MT4/MT5, and cTrader) uses commission-based pricing: an average 0.10-pip spread plus a 0.70-pip commission equivalent for a 0.80-pip all-in cost on EUR/USD (July 2024). Its Standard account is commission-free with a higher 1.1-pip average spread, making Razor the better value. Active Trader rebates can reduce spreads for professionals: in the UK/EU, trading at least £20 million per month unlocks a 15% per-lot rebate, rising to 25% above £200 million; in Australia, 100 lots over three months qualifies for Tier One (10% discount per standard lot), with Tier Three offering a 30% reduction above 3001 lots per month.
IUX pricing varies by account. Standard and Standard+ need just a $10 minimum deposit; Standard+ supports deposit bonuses but has wider spreads, while the regular Standard offers tighter spreads without bonuses. For active traders, Pro and Raw accounts require $500. The Raw account advertises the lowest spreads but charges $6 per 100,000 units (1 lot), yielding about 0.6 pips all-in on EUR/USD when the commission is converted to pips; the Pro account is spread-only at about 0.7 pips, and the Standard account averages 0.9 pips (no date range provided). Overall, IUX is competitive for its size, while Pepperstone’s Razor plus rebates can be attractive if you trade enough volume to qualify.
| Feature |
Pepperstone
|
IUX
|
|---|---|---|
| Minimum Deposit | $0 | 10 |
| Average spread (EUR/USD) - Standard account | 1.1 | 0.86 |
| All-in Cost EUR/USD - Active | 0.8 | 0.6 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone vs IUX for range of investments: Pepperstone lists 1,726 tradeable symbols and 65 forex pairs, while IUX offers 152 symbols and 34 pairs. Forex trading is available at both brokers, offered as CFDs or spot contracts depending on the product. Both also offer cryptocurrency as CFDs, but neither lets you buy actual crypto.
Stock access differs: neither broker offers direct (non-CFD) U.S.-listed shares, but IUX does provide direct access to international exchange-traded shares, whereas Pepperstone does not. Pepperstone supports copy trading; IUX does not. Reflecting this lineup, ForexBrokers.com rates Pepperstone 4 stars and ranks it #23 of 63 for Range of Investments, while IUX earns 3.5 stars and ranks #35.
| Feature |
Pepperstone
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 152 |
| Forex Pairs (Total) | 65 | 34 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Pepperstone and IUX both make it easy to get started with a free demo account, and each offers a proprietary platform along with Windows desktop and web-based trading options. Both let you place trades directly from charts. Key differences: Pepperstone supports copy trading while IUX does not. Pepperstone also offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), whereas IUX supports MT5 only.
For Trading Platforms and Tools, Pepperstone earns 4 out of 5 stars and ranks #21 out of 63 brokers on ForexBrokers.com. IUX scores 3.5 out of 5 stars and ranks #35. If you want MT4 or copy trading, Pepperstone is the better fit; if you’re set on MT5 alone, IUX may suit your needs. In either case, trying the demo account is a quick way to see which platform you prefer.
| Feature |
Pepperstone
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 15 | 106 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing Pepperstone vs IUX for mobile trading, both brokers offer iPhone and Android apps. Pepperstone stands out for everyday use: it supports forex and stock price alerts and lets you sync watchlists between the mobile app and your online account, so changes carry over automatically. IUX does not offer alerts or watchlist syncing, which may matter if you track markets on multiple devices.
For charting, IUX offers a larger set of technical studies (106 vs 30 for Pepperstone). However, Pepperstone lets you draw trendlines in the app, while IUX does not; both apps auto-save your drawings. Overall ratings reflect these trade-offs: Pepperstone earns 4 stars and ranks #19 out of 63 for Mobile Trading Apps on ForexBrokers.com, while IUX scores 3.5 stars and ranks #35. Choose Pepperstone if alerts, synced watchlists, and drawing tools are priorities; pick IUX if you mainly want a broader library of indicators.
| Feature |
Pepperstone
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing Pepperstone vs IUX for market research, Pepperstone offers more built-in insight. Pepperstone provides daily market commentary and live forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, while IUX does not. Pepperstone also includes Autochartist tools and a sentiment gauge showing long vs short positioning; IUX lacks both. Neither broker offers Trading Central, TipRanks, or Acuity Trading research. Both include an economic calendar to track global events.
These differences show up in independent ratings: Pepperstone earns 4.5 out of 5 stars for Research and is ranked 12th out of 63 brokers by ForexBrokers.com. IUX receives 3 out of 5 stars and ranks 35th out of 63. If you want richer built-in research, Pepperstone is the stronger choice; if you mainly need an economic calendar, either broker will do.
| Feature |
Pepperstone
|
IUX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
New to trading and choosing between Pepperstone and IUX? Both brokers provide forex and CFD education with at least ten pieces of content, including beginner-friendly videos. Pepperstone stands out with ongoing client webinars (at least one per month) and a broader path for growth, offering 10+ advanced videos for experienced traders. IUX also supplies 10+ beginner videos but doesn’t host regular educational webinars and lacks a comparable set of advanced videos, which can limit learning beyond the basics.
Independent ratings back this up: Pepperstone earns 4.5 out of 5 stars for Education and ranks #15 of 63 brokers on ForexBrokers.com, while IUX holds 3 stars and ranks #35 of 63. For beginners who want live sessions and room to advance, Pepperstone is the stronger pick; if you only need basic video lessons, IUX can cover the essentials.
| Feature |
Pepperstone
|
IUX
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Pepperstone is better than IUX. Pepperstone finished with an overall rank of #17, while IUX finished with an overall rank of #35.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
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IUX
|
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| Overall Rating |
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| Trust Score | 95 | 78 |
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Pepperstone vs IUX: Neither broker lets you buy actual (delivered) cryptocurrency, but both offer trading in cryptocurrency CFDs.
In a head-to-head look at deposit and withdrawal methods, online broker Pepperstone supports ACH/SEPA transfers, PayPal, and bank wires but not Skrill, while IUX offers Skrill and bank wires but not ACH/SEPA or PayPal; Visa/Mastercard availability is not specified for either broker.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Pepperstone | IUX | |
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| Trust Score | 95 | 78 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | IUX Review |
| Broker Screenshots | Pepperstone | IUX | |
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| Regulation | Pepperstone | IUX | |
|---|---|---|---|
| Trust Score | 95 | 78 | |
| Year Founded | 2010 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Pepperstone | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | Pepperstone | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 152 | |
| Forex Pairs (Total) | 65 | 34 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Pepperstone | IUX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.1 | 0.86 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.6 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | IUX | |
|---|---|---|---|
| Minimum Deposit | $0 | 10 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Pepperstone | IUX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | Pepperstone | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 106 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Pepperstone | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | Pepperstone | IUX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | IUX | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Pepperstone | IUX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Pepperstone Review | IUX Review |
| Overall | Pepperstone | IUX | |
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| Trust Score | 95 | 78 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | IUX Review |
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