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 account | 1.00 | 0.9 |
| All-in Cost EUR/USD - Active | 0.70 | 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 and IUX both support forex trading via CFDs/spot contracts and offer cryptocurrency CFDs (neither lets you buy actual crypto). For sheer variety, Pepperstone has a much broader catalogue with 1,726 tradeable symbols and 65 forex pairs, compared with IUX’s 152 symbols and 34 pairs. This broader range helps Pepperstone earn a 4-star rating for Range of Investments.
If you want exchange-traded securities, neither broker provides U.S.-listed shares, but IUX does offer access to international exchanges, while Pepperstone does not. Pepperstone also includes copy trading, whereas IUX does not. In ForexBrokers.com’s Range of Investments rankings, Pepperstone places 27th out of 63 brokers, while IUX ranks 61st with a 3.5-star rating. Choose Pepperstone for a wider set of symbols and copy trading, or IUX if you need access to international exchange-listed stocks.
| 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 check key boxes for traders who want choice and convenience. Each broker offers a free demo account for practice, proprietary in-house platforms, a Windows desktop download, and a web-based platform you can use in your browser. Both also let you place trades directly from charts. Platform lineups diverge in a few important ways: Pepperstone supports copy trading while IUX does not, and Pepperstone offers MetaTrader 4 (MT4) while IUX doesn’t. Both brokers support MetaTrader 5 (MT5).
When it comes to third-party reviews, Pepperstone edges ahead for trading platforms and tools with a 4-star rating and a #22 ranking out of 63 brokers on ForexBrokers.com, compared with IUX at 3.5 stars and #60. If you want MT4 or copy trading, Pepperstone is the clearer fit. If you’re fine with MT5 and prefer an in-house platform with both desktop and web access, both brokers can work.
| 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.
Pepperstone and IUX both offer mobile trading apps for iPhone and Android. Pepperstone stands out for everyday convenience: it supports stock and forex price alerts and lets your watchlists sync between the app and your online account, while IUX does not support either feature. In overall quality, Pepperstone holds a 4-star mobile app rating and ranks #21 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, compared with IUX at 3.5 stars and #61.
For charting, IUX offers a larger library of technical studies (106 vs. Pepperstone’s 30). However, Pepperstone lets you draw trendlines in the app, a tool IUX lacks. Both apps auto-save chart drawings. In short, choose Pepperstone if price alerts, synced watchlists, and on-chart drawing are priorities; choose IUX if having more built-in indicators matters most.
| 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 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 (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.
Pepperstone and IUX both provide beginner-friendly trading education. Each broker offers at least 10 beginner videos that explain core forex and CFD topics in plain terms. Pepperstone also runs online educational webinars at least once a month, giving new traders a chance to ask questions in real time; IUX does not host monthly webinars. Beyond the basics, Pepperstone supplies at least 10 advanced videos for when you’re ready to level up, whereas IUX does not provide that depth.
For overall education quality, Pepperstone scores 4.5 out of 5 stars and ranks 17th out of 63 brokers for Education on ForexBrokers.com, while IUX scores 3 out of 5 stars and ranks 60th. If you want beginner content with live webinars and room to grow, Pepperstone is the stronger pick. If you only need a set of beginner videos and don’t mind skipping webinars or advanced lessons, IUX can cover the basics.
| 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 #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
|
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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 | 1.00 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.70 | 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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