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 offer different structures when it comes to commissions and fees, catering to various trading preferences. Pepperstone shines for high-volume traders with its Razor account, providing competitive pricing, especially when coupled with its Active Trader program. This account is characterized by a commission-based structure alongside low spreads, with an average all-in cost for EUR/USD at 0.80 pips as of July 2024. On the flip side, its commission-free Standard account offers higher spreads averaging 1.1 pips, making it less attractive compared to the Razor account.
In contrast, IUX presents a variety of account types, ranging from spread-only to commission-based options. The Standard and Standard+ accounts cater to beginners with minimal deposit requirements, though the Standard account offers tighter spreads. More frequent traders might be drawn to IUX's Raw and Pro accounts, which, despite their higher $500 minimum deposit, provide more competitive pricing structures. The Raw account, for example, includes a commission of $6 per standard lot but is deemed attractive due to its lower spreads. The Pro account counters this with spread-only pricing and generally more favorable spreads than the Standard options.
Pepperstone boasts a commission and fees rating of 4.5 stars and stands at 10th place among 63 brokers in the ForexBrokers.com ranking for this category. IUX, while competitive, has a commission and fees rating of 4 stars and ranks 48th, indicating that while it offers attractive features for certain traders, it does not lead in low-cost pricing. Choosing between these brokers will largely depend on whether your priority is low spreads or account flexibility.
| Feature |
Pepperstone
|
IUX
|
|---|---|---|
| Minimum Deposit | $0 | 10 |
| Average Spread EUR/USD - Standard | 1.00 | 0.9 |
| All-in Cost EUR/USD - Active | 0.70 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Pepperstone and IUX, both brokers provide a platform for forex trading via CFDs or spot contracts, but the breadth of their offerings differs significantly. Pepperstone supports an impressive 1,726 tradeable symbols and 65 forex pairs, making it a notable choice for those seeking variety. On the other hand, IUX provides 152 tradeable symbols and 34 forex pairs, which may suit traders looking for a more straightforward portfolio. While neither broker offers exchange-traded securities from U.S. exchanges, IUX gives clients access to international exchanges for trading shares such as Vodafone. Pepperstone, however, does not offer such options.
Both brokers cater to cryptocurrency enthusiasts with options for trading cryptocurrency derivatives, but neither allows the purchase of actual cryptocurrencies. Unique to Pepperstone is the availability of copy trading, providing an additional layer of strategy for investors. Reflecting these differences, Pepperstone receives a four-star rating for its range of investments, ranking 26th out of 63 brokers, while IUX garners a 3.5-star rating, placing it at 60th. For those prioritizing a more extensive selection of tradeable symbols and forex pairs, Pepperstone clearly stands out as a more comprehensive option. However, users interested in accessing international shares might find IUX offers more appeal.
| Feature |
Pepperstone
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 152 |
| Forex Pairs (Total) | 65 | 34 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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 offer user-friendly trading platforms with key features like simulated (paper) trading and web-based access. Both brokers provide proprietary platforms and have Windows-based desktop systems for those who prefer downloadable software. However, Pepperstone takes a step further by offering popular third-party platforms like MetaTrader 4 and has features such as copy trading and DupliTrade, whereas IUX does not support these options. While neither broker provides ZuluTrade, both allow the convenience of trading directly from stock charts.
When looking at charting tools, IUX exceeds Pepperstone with 89 drawing tools compared to Pepperstone's 30. Additionally, IUX offers more options for customizing watchlists with 46 columns available compared to Pepperstone's 7. Despite this, Pepperstone enjoys a higher rating of 4 stars and ranks #22 out of 63 brokers for trading platforms and tools by ForexBrokers.com, compared to IUX's 3.5 stars and #59 ranking. Both have their strengths, but Pepperstone generally offers more comprehensive tools, particularly for those interested in advanced trading features.
| Feature |
Pepperstone
|
IUX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 106 |
| Charting - Drawing Tools (Total) | 30 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Pepperstone and IUX cater to iPhone and Android users, providing a convenient platform to trade on the go. However, Pepperstone distinguishes itself by offering stock and forex price alerts, a feature absent in IUX's app. Both apps allow you to create watchlists with real-time quotes, but Pepperstone goes a step further with watchlist symbol syncing, ensuring your preferences are uniform across all devices. Furthermore, Pepperstone offers the ability to draw trendlines on charts, a functionality not available with IUX. While Pepperstone offers 30 technical studies for charting, IUX surpasses this with 106, catering to those who favor in-depth technical analysis.
In terms of usability and performance, both apps auto-save drawings on charts and allow viewing of multiple time frames. However, user satisfaction varies, with Pepperstone earning a 4-star rating for its mobile trading app compared to IUX's 3.5 stars. This difference is reflected in their rankings by ForexBrokers.com, with Pepperstone positioned at #21 and IUX trailing behind at #60 out of 63 brokers. If seamless integration across platforms and effective alert systems are crucial to your trading strategy, Pepperstone might be the more suitable choice. Yet, if technical study variety is your priority, IUX might still hold appeal.
| Feature |
Pepperstone
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone leaps ahead in providing comprehensive market research tools and services compared to IUX. Pepperstone stands out with daily market commentary, offering timely insights into trading trends. It further enriches the trading experience by delivering forex news from well-known sources like Bloomberg and Reuters, which is not a feature provided by IUX. To assist traders in making informed decisions, Pepperstone offers technical analysis tools from Autochartist, alongside a sentiment-based trading tool, displaying a detailed ratio of long and short positions across various instruments. Although both brokers lack resources from Trading Central, Pepperstone’s array of tools ensures traders are well-equipped.
Both Pepperstone and IUX feature an economic calendar to keep traders updated on global news events. However, in terms of research quality, Pepperstone outperforms IUX, earning 4.5 stars compared to IUX's 3 stars in the Research category, as rated by ForexBrokers.com. Pepperstone is ranked 12th out of 63 brokers, highlighting its strong commitment to research excellence, while IUX lags behind at 59th place. This comparative assessment positions Pepperstone as a more resourceful choice for those reliant on in-depth market research support.
| Feature |
Pepperstone
|
IUX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners offered by Pepperstone and IUX, it's clear that Pepperstone provides a more comprehensive learning experience. Pepperstone features more than ten educational pieces focused on forex and CFDs, such as articles, videos, and archived webinars. It also offers monthly online webinars and a searchable archive of previously recorded sessions. Beginner traders can access over ten educational videos specifically designed for them, as well as an investor dictionary with over 50 investing terms. In contrast, IUX falls short, lacking a sufficient number of educational resources in several key areas. Although IUX does offer more than ten beginner educational videos, it does not provide webinars, a dictionary, or advanced educational materials.
Pepperstone scores higher in educational offerings with a 4.5-star rating, while IUX receives a 3-star rating. This is reflected in their rankings by ForexBrokers.com, where Pepperstone holds the 17th position out of 63 brokers in the Education category. On the other hand, IUX is positioned at 59th. For beginners looking to dive into forex and CFD trading, Pepperstone's extensive educational support makes it a preferable choice over IUX.
| Feature |
Pepperstone
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | 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 #16, while IUX finished with an overall rank of #55.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
|
IUX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 78 |
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Both Pepperstone and IUX provide the option to invest in cryptocurrency derivatives rather than actual cryptocurrency purchases, as neither platform supports the direct acquisition of delivered cryptocurrencies.
Pepperstone and IUX both support Visa/Mastercard, Skrill, and bank wires as deposit or withdrawal options, but Pepperstone surpasses IUX by also offering PayPal and ACH or SEPA transfers, which IUX lacks.
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 |
| 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 (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | 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/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Pepperstone | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 152 | |
| Forex Pairs (Total) | 65 | 34 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 1.00 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.70 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | IUX | |
|---|---|---|---|
| Minimum Deposit | $0 | 10 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Pepperstone | IUX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Pepperstone | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 46 | |
| Charting - Indicators / Studies (Total) | 15 | 106 | |
| Charting - Drawing Tools (Total) | 30 | 89 | |
| 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 Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | Pepperstone | IUX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Pepperstone | IUX | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Pepperstone Review |
| Overall | Pepperstone | IUX | |
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| Trust Score | 95 | 78 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
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