ITRADER vs Pepperstone Comparison

ITRADER vs Pepperstone Broker Comparison

ITRADER versus Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$250MT4200+CySEC
$200MT4, cTrader95+FCA, ASIC

ITRADER and Pepperstone Comparison

Both of these brokers offer MT4 trading. Pepperstone additionally provides cTrader. These brokers offer variable spreads. ITRADER provides a range of account types, with varying levels of account features for higher minimum deposits along with lower spreads. Pepperstone also offers different account types, but these are mostly based around the type of trading, as Pepperstone offers both STP/ECN and ECN trading.

Thus both brokers aim to provide tight spreads, but Pepperstone also aims to provide very low ECN Forex spreads, with a commission charge. ITRADER is regulated by the CySEC in Cyprus, Pepperstone is regulated by the FCA in the United Kingdom and the ASIC in Australia.

Quick comparison

Both offer MT4. Pepperstone is an ECN broker and also provides cTrader.

Account types and minimum deposit

The minimum deposit for ITRADER is $250. The minimum deposit for Pepperstone is $200 or £200 or $AU200.

  • The minimum deposit for ITRADER is $250. ITRADER provides three account types, Silver, Gold and Platinum. The current minimum deposit for Gold and Platinum is available upon request from the account manager assigned to the trader's account.
  • ITRADER provides an extensive animated trading course on its website. It also offers eBooks, webinars and daily reviews and provides hedging for all account types. The Gold account additionally provides extra webinars and videos and a dedicated account manager. The Platinum account additionally provides a Free VPS and News Alerts.
  • Pepperstone offers four account types. These are Standard, Razor, Islamic (Swap Free) and Active Traders.
  • Pepperstone's Standard and Islamic accounts do not charge commissions. The Razor account charges commissions and allows scalping.
  • Pepperstone's Active Traders account is for active traders and institutions depositing at least $25,000 and trading at least 250 lots a month. It offers EDGE ECN Execution, a dedicated relationship manager, a segregated customer account, advanced reporting, VPS hosting services and custom solutions.

Account currencies

ITRADER accounts are available in GBP, USD and EUR. Pepperstone accounts are available in GBP, USD, EUR, AUD, CAD, JPY, NZD, CHF, SGD and HKD.

Markets

  • ITRADER offers 200+, covering Forex pairs, Indices, Metals, Energy, Soft Commodities, Cryptocurrencies and Stocks.
  • Pepperstone offers 95+, covering Forex pairs, Indices, Metals, Energy, Soft Commodities and Cryptocurrencies.

Cryptocurrency CFDs

  • ITRADER offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash ABC, DASH, Ripple, Bitcoin Gold, Ethereum Classic, Monero, Cardano, Bitcoin SV, IOTA, Lisk, NEO, Qtum, Siacoin, Tether, NEM, Stellar, Zcash, Verge, WAVES, TRON and Golem.
  • Pepperstone offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, DASH and Ripple.

Leverage and spreads

Maximum leverage for ITRADER is . Maximum leverage for Pepperstone (FCA regulated) is .

  • ITRADER offers variable spreads, which can vary depending on account type. On ITRADER's Silver account, EUR/USD spreads are from 2.2, UK100 from 2, Gold from 0.59 and US Crude Oil from 0.07. On ITRADER's Platinum account, EUR/USD spreads are from 0.7, UK100 from 1, Gold from 0.37 and US Crude Oil from 0.03.
  • Spreads at Pepperstone are variable and are from 0.0 for EUR/USD (with an average of 0.2), 1 for UK100, 0.60 for Gold and 0.05 for US Crude Oil. For the Standard account EUR/USD spreads are from 1.

Platform

Both brokers offer MT4. Pepperstone also provides cTrader, which offers Level II pricing and comes with cAlgo. These platforms are available on desktop, tablet and mobile. ITRADER and Pepperstone provide micro lot trading.

Why ITRADER or Pepperstone ?

Each has MT4, though Pepperstone is an ECN broker and also provides cTrader.

Comparison summary

  • ITRADER offers STP pricing, with variable spread which can get more competitive with higher account types
  • Pepperstone offers STP/ECN trading and ECN trading
  • Pepperstone's lowest spreads are on its Razor ECN account
  • ITRADER's lowest spreads are on its VIP account
  • Pepperstone's lowest spreads are very low ECN with a commission charge
  • ITRADER's lowest spreads are relatively tight with no commission charge
  • ITRADER offers extra account services with higher deposits
  • Pepperstone offers different kinds of trading with different accounts, but also provides a high deposit account with extra services
  • ITRADER is regulated by the CySEC, Pepperstone is regulated by the FCA and the ASIC

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