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 2010) and IUX (founded 2016) are online brokers. Neither is publicly traded or a bank.
Regulation and trust differ: Pepperstone holds 3 Tier-1 and 2 Tier-2 licenses, earning a 94/99 Trust Score from ForexBrokers.com (highly trusted). IUX holds 1 Tier-1 and 1 Tier-2 license with a 76/99 Trust Score (average risk). ForexBrokers.com classifies Trust Scores as 90–99 highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and under 59 not trusted.
| 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 offer low-cost trading options, but Pepperstone has the edge for commissions and fees overall. Pepperstone is rated 5 stars and ranked #5 out of 36 brokers for this category, thanks to its competitive Razor account and Active Trader rebates for higher-volume traders. Its Razor account uses commission-based pricing, and Pepperstone listed an average EUR/USD spread of 0.10 pips in July 2024; after adding the commission-equivalent cost, the all-in price came to about 0.80 pips. By comparison, Pepperstone’s commission-free Standard account had a higher average EUR/USD spread of 1.1 pips, making it the pricier choice.
IUX is also fairly affordable, but it lands behind Pepperstone in both star rating and ranking. IUX is rated 4.5 stars and ranked #19 out of 36 brokers for commissions and fees. Its pricing depends on the account type, with Standard and Standard+ accounts requiring only a $10 minimum deposit, while the Raw and Pro accounts are aimed at more active traders and require a $500 minimum deposit. IUX lists an average EUR/USD spread of 0.7 pips on its Pro account, 0.9 pips on its Standard account, and about 0.6 pips on its Raw account once the commission is taken into account.
In simple terms, Pepperstone is the stronger pick if your main goal is lower trading costs, especially if you trade often or qualify for its rebate program. IUX can still be a good value, especially for traders who want a lower entry deposit on standard accounts, but its overall fees are not as competitive as Pepperstone’s best-priced options.
| Feature |
Pepperstone
|
IUX
|
|---|---|---|
| Minimum Deposit | $10 | $50 |
| Average spread (EUR/USD) - Spread-only account | 1.1 | 0.86 |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone offers a wider range of investments than IUX, making it the stronger choice for traders who want more market access. Both brokers support forex trading as CFDs or spot contracts, and both offer cryptocurrency CFDs. However, Pepperstone stands out with 2,631 tradeable symbols and 65 forex pairs, compared with IUX’s 152 symbols and 34 forex pairs. Pepperstone also offers copy trading and the ability to buy actual cryptocurrency, while IUX does not provide either of those options.
IUX does have one edge: it offers exchange traded securities on international exchanges, such as shares listed outside the U.S., while Pepperstone does not offer exchange traded securities on either U.S. or international exchanges. Still, for overall range of investments, Pepperstone is rated higher at 4 out of 5 stars and ranks #23 out of 36 brokers, ahead of IUX’s 3.5 stars and #37 ranking. In simple terms, Pepperstone gives most traders more ways to diversify, while IUX has a more limited product list.
| Feature |
Pepperstone
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2631 | 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) | Yes | 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 give traders a good range of platform choices, including a free demo account, a proprietary platform, a Windows desktop download, a web-based platform, and the ability to trade directly from charts. Both brokers also support MetaTrader 5 (MT5), which is a plus for traders who want a familiar and widely used trading setup. In terms of platform quality, Pepperstone is rated 4 out of 5 stars and is ranked #21 out of 36 brokers by ForexBrokers.com for Trading Platforms and Tools, while IUX is rated 3.5 stars and ranked #37.
The main difference is that Pepperstone also offers copy trading and MetaTrader 4 (MT4), while IUX does not offer either feature. That gives Pepperstone a broader set of tools for traders who want to follow other traders or use MT4-specific strategies. If you want more platform options and added trading features, Pepperstone has the edge; if you mainly need the basics plus MT5, IUX still covers the core tools many traders look for.
| 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) | 90 | 106 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and IUX both offer mobile trading apps for iPhone and Android, so traders can access their accounts on the go with either broker. When it comes to everyday use, Pepperstone has a few clear advantages. Its app includes stock and forex price alerts, watchlist symbol syncing with the online account, and the ability to draw trendlines on charts. Pepperstone also auto saves chart drawings, which helps keep chart work in place between sessions.
IUX also supports iPhone and Android apps, and it offers more technical studies in its mobile charts, with 106 compared with Pepperstone’s 30. However, IUX does not offer price alerts, watchlist syncing, or trendline drawing in the app. In overall mobile trading app ratings, Pepperstone scores 4 out of 5 stars and ranks #19 out of 36 brokers on ForexBrokers.com, while IUX is rated 3.5 stars and ranks #37 out of 36.
| 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.
Pepperstone offers a stronger market research setup than IUX. It provides daily market commentary, forex news from top names like Bloomberg, Reuters, and Dow Jones, a sentiment tool that shows how traders are positioned, and an economic calendar for tracking key global events. IUX also includes an economic calendar, but it does not offer daily commentary, top-tier news coverage, or a sentiment tool. Neither broker includes research tools from Autochartist, Trading Central, TipRanks, or Acuity Trading.
That difference is reflected in their research scores and rankings. Pepperstone is rated 4.5 out of 5 for Research and ranks #13 out of 36 brokers at ForexBrokers.com, while IUX is rated 3 out of 5 and ranks #37. For traders who want more in-house market insight and better news coverage, Pepperstone has the edge.
| Feature |
Pepperstone
|
IUX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | 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.
Pepperstone is the stronger choice for beginners who want more learning support. It offers forex and CFDs education, monthly live educational webinars, at least 10 beginner trading videos, and even 10 or more advanced videos for traders who want to keep learning. That broader mix helps new traders start with the basics and grow into more detailed topics over time. Pepperstone is also rated 4.5 out of 5 stars for Education and ranks #15 out of 36 brokers at ForexBrokers.com.
IUX does provide forex and CFDs education and also has at least 10 beginner videos, which is useful for someone just getting started. However, it does not offer monthly educational webinars and does not have at least 10 advanced videos for more experienced traders. Its Education score is 3 out of 5 stars, and it ranks #37 out of 36 brokers at ForexBrokers.com, making Pepperstone the better overall pick for beginner-friendly education.
| 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 #37.
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 | 94 | 76 |
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Pepperstone gives traders more flexibility by offering both actual delivered cryptocurrency purchases and cryptocurrency CFDs, while IUX offers cryptocurrency CFDs only and does not support buying real crypto assets.
Online broker Pepperstone supports ACH/SEPA and PayPal for deposits and withdrawals—options IUX does not offer—while both Pepperstone and IUX provide Skrill and bank wire transfers.
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 | 94 | 76 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | IUX Review |
| Broker Screenshots | Pepperstone | IUX | |
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| Regulation | Pepperstone | IUX | |
|---|---|---|---|
| Trust Score | 94 | 76 | |
| 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 CMA 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) | 2631 | 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) | Yes | 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) - Spread-only account | 1.1 | 0.86 | |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.6 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | IUX | |
|---|---|---|---|
| Minimum Deposit | $10 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | 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) | 90 | 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 | No | 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 | 94 | 76 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | IUX Review |
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