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 earns 4.5/5 stars for commissions and fees and ranks #11 out of 63, while IUX scores 4/5 stars and ranks #49. Both offer spread-only and commission-based choices, but their costs differ by account type and trading volume. Based on listed averages, IUX’s lower-deposit accounts can look cheaper at the entry level, while Pepperstone can become more appealing for high-volume traders thanks to rebates.
For Pepperstone, the commission-based Razor account averages 0.10 pips on EUR/USD plus a commission-equivalent of 0.70 pips, for an all-in cost of 0.80 pips (as of July 2024). The Standard account is commission-free at about 1.1 pips, making it pricier than Razor. Active Trader rebates can reduce costs for frequent traders: in the UK/EU, professional clients trading at least £20 million per month can get a 15% per-lot spread rebate that can climb to 25% above £200 million; in Australia, tiers start at a 10% reduction (100 lots over three months) and reach 30% for more than 3001 lots monthly.
IUX’s pricing depends on account choice. Standard and Standard+ require only a $10 minimum deposit; Standard+ allows deposit bonuses but has wider spreads, while Standard lists an average 0.9 pips on EUR/USD. For active traders, the $500-minimum Pro account is spread-only at an average 0.7 pips, and the Raw account charges $6 per lot in commission with an all-in average close to 0.6 pips when you convert that fee to pips (no date provided for these averages). In short: IUX’s Standard spread averages are lower than Pepperstone’s Standard, while IUX Raw looks cheaper than Pepperstone’s Razor on headline numbers; however, Pepperstone’s tiered rebates can narrow the gap for high-volume traders.
| 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.
Pepperstone offers a wider range of investments than IUX, with 1,726 tradeable symbols and 65 forex pairs versus IUX’s 152 symbols and 34 forex pairs. Both brokers support forex trading via CFDs or spot contracts. For crypto, neither broker lets you buy actual coins, but both provide access to cryptocurrency derivatives.
When it comes to real shares, neither broker offers U.S.-listed stocks; however, IUX does provide exchange-traded securities on certain international exchanges, while Pepperstone does not. Pepperstone also supports copy trading, which IUX lacks. For Range of Investments, Pepperstone is rated 4 stars and ranked 27th out of 63 brokers by ForexBrokers.com, while IUX holds 3.5 stars and ranks 61st.
| 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 free demo accounts for paper trading, along with proprietary platforms, Windows desktop downloads, and web-based platforms. Each supports MetaTrader 5 (MT5), but only Pepperstone adds MetaTrader 4 (MT4). For social and automated strategies, Pepperstone has copy trading and DupliTrade, while IUX does not support copy trading (and neither broker offers ZuluTrade).
Both brokers let you place trades directly from charts. For charting extras, Pepperstone provides 30 drawing tools, while IUX lists 89, and IUX also packs far more watchlist fields (46 vs. Pepperstone’s 7). In our Trading Platforms and Tools scores, Pepperstone earns 4 stars and ranks #22 of 63 brokers, whereas IUX earns 3.5 stars and ranks #60. In short, choose Pepperstone if you want MT4 and copy trading options; pick IUX if you value a wider set of drawing tools and deeper watchlist customization.
| 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.
Pepperstone and IUX both offer iPhone and Android trading apps with real-time quote watchlists, multiple time frames, and auto‑saved drawings. Pepperstone stands out with price alerts and watchlist syncing to your online account; IUX does not offer these. For charting, IUX includes 106 technical studies versus Pepperstone’s 30, but Pepperstone lets you draw trendlines while IUX does not.
According to ForexBrokers.com, Pepperstone’s mobile app earns 4 stars and ranks #21 out of 63 brokers, while IUX scores 3.5 stars and ranks #61. If you want alerts, synced watchlists, and trendline tools, Pepperstone is the better fit; if a larger library of indicators is your priority, IUX may 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 stands out for market research with daily commentary, forex news from top-tier sources like Bloomberg/Reuters/Dow Jones, and Autochartist-powered technical tools. It also offers a useful sentiment indicator showing long/short positioning across instruments. By comparison, IUX does not provide daily commentary, premium news feeds, Autochartist, or sentiment tools. Neither broker includes Trading Central, TipRanks, or Acuity Trading, but both offer an economic calendar to track key events.
These differences show up in the scores: Pepperstone earns 4.5/5 stars for Research and ranks #12 out of 63 brokers on ForexBrokers.com, while IUX holds 3/5 stars and ranks #60. Traders who value daily insights, premium news, and extra research tools may find Pepperstone better suited, whereas IUX covers the basics with its calendar.
| 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.
Pepperstone stands out for beginners who want structured forex and CFD education. It meets the 10-piece threshold for forex/CFD learning materials and hosts client webinars at least monthly, with a searchable archive of past sessions for on-demand study. Beyond that, Pepperstone supplies at least 10 beginner videos, at least 10 advanced videos for when you’re ready to level up, and an investor dictionary covering 50+ terms to simplify trading jargon.
IUX offers at least 10 beginner trading videos, which can help you get started, but it does not provide a broader forex/CFD education library meeting the 10-piece bar. It also lacks ongoing client webinars, a recorded webinar archive, advanced video content, and an investor dictionary. Reflecting these differences, ForexBrokers.com rates Pepperstone 4.5 out of 5 stars for Education (ranked #17 of 63), while IUX holds 3 out of 5 stars (ranked #60 of 63).*
| 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
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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 | 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 (SFC 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. 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 | 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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