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.
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Pepperstone offers a wider range of investments than IUX, making it the better choice for traders who want more markets to choose from. Both brokers support forex trading as CFDs or spot contracts, and both offer cryptocurrency CFDs rather than real crypto ownership. However, Pepperstone lists 1,726 tradeable symbols and 65 forex pairs, compared with IUX’s 152 symbols and 34 forex pairs. Pepperstone also supports copy trading, while IUX does not.
When it comes to shares, neither broker offers U.S.-listed exchange traded securities, but IUX does offer international exchange traded securities, while Pepperstone does not. These differences are reflected in their ratings and rankings for range of investments: Pepperstone is rated 4 out of 5 stars and ranks #23 out of 36 brokers, while IUX is rated 3.5 stars and ranks #36 out of 36. For investors looking for more variety, Pepperstone has the edge overall.
| 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 good range of platform choices, including free demo accounts, a proprietary platform, Windows desktop software, web-based trading, and support for MetaTrader 5. Both also let users place trades directly from charts, which can make it easier to act quickly while watching the market. For traders who want to test strategies before using real money, each broker offers simulated trading.
Where Pepperstone pulls ahead is in the extra tools it offers. It supports copy trading and MetaTrader 4, while IUX does not offer either of those options. That wider mix of platforms and features helps explain why Pepperstone earns a higher Trading Platforms and Tools score of 4 out of 5 stars, compared with 3.5 stars for IUX. In ForexBrokers.com’s ranking for this category, Pepperstone places #21 out of 36 brokers, while IUX ranks #36.
| 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 iPhone and Android apps, so either broker lets you trade from a mobile device with ease. Pepperstone has a clear edge for everyday mobile use because it supports stock and forex price alerts, watchlist symbol syncing with your online account, and trendline drawing on charts, while IUX does not offer alerts, watchlist syncing, or trendline tools in its app. Both apps do auto-save drawings, which helps keep chart work from being lost.
When it comes to charting, IUX offers more technical studies in its mobile app, with 106 compared with Pepperstone’s 30. Even so, Pepperstone scores better overall for mobile trading apps, earning 4 out of 5 stars and ranking #19 out of 36 brokers, while IUX is rated 3.5 out of 5 stars and ranks #36. In short, Pepperstone looks better for mobile traders who want stronger practical features, while IUX may appeal more to users who value a larger set of chart indicators.
| 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 much wider range of market research than IUX, making it the stronger choice for traders who want more news, analysis, and trading signals in one place. Pepperstone provides daily market commentary, forex news from top sources like Bloomberg, Reuters, and Dow Jones, Autochartist tools, a sentiment tool showing long and short positioning, and an economic calendar. IUX, by comparison, only offers an economic calendar and does not provide daily commentary, top-tier news, Autochartist, or sentiment data.
This difference is reflected in independent ratings and rankings as well. Pepperstone is rated 4.5 out of 5 for Research and ranks #13 out of 36 brokers on ForexBrokers.com, while IUX is rated 3 out of 5 and ranks #36. For traders who rely on market insight to help spot opportunities and stay on top of news events, Pepperstone clearly has the 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 to trade. It offers forex and CFDs education, runs online educational webinars at least once a month, and has at least 10 beginner videos as well as 10 advanced videos for traders who want to keep learning. This wider mix of learning tools is reflected in its 4.5-star Education rating and #15 ranking out of 36 brokers for Education.
IUX also gives beginners some useful learning content, including at least 10 beginner trading videos and forex or CFDs education. 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 stars, and it ranks #36 out of 36 brokers in the Education category, so Pepperstone is the clearer pick for traders who want more guidance and a bigger range of learning resources.
| 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 #36.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
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IUX
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| Trust Score | 94 | 76 |
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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 | 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) | 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 | |
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| Trust Score | 94 | 76 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | IUX Review |
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