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 is the stronger choice for commissions and fees overall, especially for active traders who use its Razor account and Active Trader program. On the Razor account, EUR/USD pricing was about 0.10 pips in July 2024, and after adding the commission-equivalent cost, the all-in cost came to about 0.80 pips. Its Standard account is commission-free but pricier, with an average EUR/USD spread of 1.1 pips, making it less competitive than Razor for most traders. Pepperstone is rated 5 stars and ranked #6 out of 36 for Commissions and Fees by ForexBrokers.com.
IUX offers a simple pricing setup with both spread-only and commission-based accounts, which gives traders some flexibility. Its Standard and Standard+ accounts require just a $10 minimum deposit, while the Raw and Pro accounts are aimed at more active traders and require a $500 deposit. The Raw account charges a $6 commission per 100,000 units and has low spreads, while the Pro account is spread-only and may be easier for traders who want to avoid commissions. IUX lists average EUR/USD spreads of about 0.7 pips on Pro, 0.9 pips on Standard, and roughly 0.6 pips on Raw when commission is included. IUX is rated 4.5 stars and ranked #19 out of 36 for Commissions and Fees.
In short, Pepperstone has the edge on pricing for frequent traders, while IUX can still be a good fit for those who want lower entry deposits or prefer a simpler account structure. If your main goal is the lowest trading cost, Pepperstone is likely the better pick; if you want more account choices and can accept slightly higher overall costs, IUX may still work well.
| Feature |
Pepperstone
|
IUX
|
|---|---|---|
| Minimum Deposit | $10 | $50 |
| 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 offers a wider range of investments than IUX, making it the stronger choice for traders who want more market access. Pepperstone supports forex trading as a CFD or spot contract, with 65 currency pairs and 1,726 tradeable symbols overall. It also offers copy trading and cryptocurrency CFDs, but it does not provide access to real shares on U.S. or international exchanges, and it does not let clients buy actual cryptocurrency.
IUX also offers forex trading as a CFD or spot contract, plus cryptocurrency CFDs, but its selection is much smaller, with 34 forex pairs and 152 tradeable symbols. Unlike Pepperstone, IUX does offer exchange traded securities on international exchanges, though it still does not support U.S. listed shares or actual cryptocurrency. Based on ForexBrokers.com, Pepperstone is rated 4 stars and ranked #23 for Range of Investments, while IUX is rated 3.5 stars and ranked #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 give traders a strong set of platform choices, including free demo accounts, a proprietary platform, Windows desktop software, web trading, MetaTrader 5, and the ability to trade directly from charts. Both also support paper trading, which is helpful for testing strategies before using real money. For traders who want familiar tools, Pepperstone has one extra edge: it also offers MetaTrader 4 and copy trading, while IUX does not.
In third-party reviews, Pepperstone comes out ahead on trading platforms and tools, earning 4 out of 5 stars and ranking #21 out of 36 brokers at ForexBrokers.com. IUX is rated 3.5 out of 5 stars and ranks #35 out of 36. Overall, Pepperstone is the better pick for traders who want more platform options and copy trading, while IUX still covers the basics well for those who mainly want MT5 and a web or desktop trading setup.
| 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, so traders on either platform can manage accounts and place trades from a phone. Pepperstone stands out for everyday usability, with stock and forex price alerts, watchlist symbol syncing between the mobile app and online account, and the ability to draw trendlines on charts. Its app also auto-saves chart drawings, making it easier to pick up where you left off.
IUX also supports iPhone and Android apps and offers more technical studies in its mobile charting tools, with 106 compared with Pepperstone’s 30. However, it does not offer price alerts, watchlist syncing, or trendline drawing in the app. Based on ForexBrokers.com’s Mobile Trading Apps category, Pepperstone scores 4 stars and ranks 19th out of 36 brokers, while IUX earns 3.5 stars and ranks 35th.
| 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 package than IUX, making it the better choice for traders who want more help tracking the markets. Pepperstone provides daily market commentary, forex news from top sources such as Bloomberg, Reuters, and Dow Jones, plus Autochartist tools and a sentiment indicator that shows how many traders are long or short on different instruments. It also includes an economic calendar for upcoming global events. By comparison, IUX only offers an economic calendar and does not provide daily commentary, top-tier news, Autochartist, or sentiment tools.
This difference is reflected in independent ratings as well. Pepperstone scores 4.5 out of 5 for research and ranks #13 out of 36 brokers in the ForexBrokers.com research category, while IUX scores 3 out of 5 and ranks #35. For traders who value timely market updates and extra analysis tools, Pepperstone has the clear edge.
| 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 is the stronger choice for beginners who want more help learning how to trade. It offers forex and CFD education, online client webinars at least once a month, and plenty of video lessons for both new and more experienced traders. It also scores 4.5 out of 5 for Education and is ranked #15 out of 36 brokers by ForexBrokers.com, which points to a well-rounded learning setup for traders who want ongoing guidance.
IUX also provides at least 10 beginner trading videos and does offer forex or CFD education, but its learning library appears more limited overall. It does not offer monthly educational webinars, and it lacks at least 10 advanced educational videos for experienced traders. With a 3-star Education rating and a #35 ranking out of 36, IUX may suit newer traders looking for basic video content, but Pepperstone gives beginners a wider and more complete education experience.
| 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
|
IUX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 94 | 76 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Pepperstone | IUX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 76 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | IUX Review |
| Broker Screenshots | Pepperstone | IUX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| 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) | 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 | $10 | $50 | |
| 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 76 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | IUX Review |
IG
FOREX.com
CMC Markets
XTB
eToro
AvaTrade
Pepperstone
FP Markets
Tickmill