Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
---|---|---|---|---|
IronFX | $50 Minimum Deposit | MT4 Trading Platform | 300+ Markets To Trade | IronFX offers a wide range of account types for the MT4 platform, allowing automated trading and trading with fixed Forex spreads About |
Pepperstone | $200 Minimum Deposit | MT4, MT5, cTrader, TradingView Trading Platforms | 1000+ Markets To Trade | Pepperstone offers automated trading on MT4, MT5, cTrader and TradingView, and allows styles such as scalping and news trading About |
IronFX and Pepperstone Comparison
These brokers both offer MetaTrader 4 (MT4). Pepperstone additionally provides MetaTrader 5 (MT5), the successor to MT4, as well as the cTrader and TradingView platforms.
Pepperstone can offers variable spreads from 0 plus a commission charge while IronFX can provide variable spreads from 0 or fixed spreads from 0 plus a commission charge and can also offer variable spreads from 0 without a commission charge.
Quick comparison
Both offers MT4. Pepperstone additionally provides MT5, cTrader and TradingView.
Minimum deposit and account types
The minimum deposit for IronFX is $50. The minimum deposit for Pepperstone is $200.
- IronFX offers a range of account types and services. These include a Standard account which has a minimum deposit of $50, a Premium account with a minimum deposit of $2,500 and a VIP account with a minimum deposit of $20,000. These three account types are available with fixed or variable spreads and the spreads can be tighter on higher account types. There is additionally a Cent account, which offers small trade sizes and has a minimum deposit of $50. Social and copy trading is provided via Myfxbook AutoTrade and TradeCopier. The minimum trade size is 0.01 lots except for the Premium and VIP accounts where it is 0.1 lots and the Cent account where it is 0.0001 lots.
- IronFX also offers a Zero Fixed Spread account. This provides zero spreads for some markets, with commissions charged. As well, IronFX offers STP/ECN accounts with or without commissions. It also has an STP/ECN Absolute Zero account, with spreads from zero, with no commission charge. For the Zero Fixed Spread account and the STP/ECN accounts, the minimum deposit is $500. The minimum deposit for the Absolute Zero account is upon request to the account manager.
- All IronFX accounts offer a Dedicated Account Manager, Technical Analysis Reports, Investor Education Tools and Private One-on-One Trading Guidance. The Premium, VIP, STP/ECN No Commission and STP/ECN Zero Spread accounts also offer a Dealing Department Transaction Hotline.
- Pepperstone offers a Standard and a Razor account for CFD trading and in the UK additionally offers a spread betting account. Pepperstone provides trading guides, a market review and an economic calendar its website. Pepperstone says that latency is as low as 30ms. The minimum trade size is 0.01 lots.
- Pepperstone's Standard and Islamic accounts do not charge commissions and hence offer higher spreads as they include a mark up. The Razor account charges commissions and allows scalping. Pepperstone offers social and copy trading via DupliTrade, Myfxbook and MetaTrader Signals.
Markets
- IronFX offers Forex, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals and Stocks, with 200+ available.
- Pepperstone offers Forex, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals, Stocks and Soft Commodities, with 1000+ available.
Broker | Trading Platforms | Description |
---|---|---|
IronFX Broker | MT4 Trading Platform | IronFX offers a wide range of account types based around MT4, including fixed spreads Description |
Pepperstone Broker | MT4, MT5, cTrader, TradingView Trading Platforms | Pepperstone provides a wide range of platforms supporting automated trading and has rapid order processing Description |
Cryptocurrency CFDs
- IronFX offers Bitcoin, Ethereum, Litecoin, Ripple, Cardano, EOS, Bitcoin Cash, Dogecoin, Polkadot, Stellar, Uniswap, Solana, Iota, Ethereum Classic, Tron, OmiseGO, Internet Computer Protocol and IOST CFDs.
- Pepperstone offers Bitcoin, Ethereum, Litecoin, Ripple, Cardano, EOS, Bitcoin Cash, Dogecoin, Polkadot, Stellar, Uniswap, Solana, Dash, Chainlink, Binance Coin, Tezos, Polygon, Avalanche and Terra CFDs.
Spreads
- IronFX can offer Forex spreads from 0 with or without a commission charge (and can provide fixed spreads). Pepperstone can offer Forex spreads from 0.6 without a commission charge and from 0 without a commission charge.
Commission charge
- IronFX's commission charges are from $6.75 per lot per side.
- Pepperstone charges a commission of $3.76 or AU$3.5 or €2.61 per lot per side on the Razor account, depending on the account currency. cTrader commissions are 7 units per lot round trip of the first quoted currency in the traded currency.
Online trading platform
IronFX offers MT4. Pepperstone offers MT4, MT5, cTrader and TradingView.
Why IronFX or Pepperstone ?
Traders who want to trade on MT4 may do so at either broker. Traders who want to trade on MT5 can do this at Pepperstone and can additionally use the cTrader and TradingView platforms. Traders may trade CFDs at either broker, but traders in the UK can also spread bet at Pepperstone. Traders who want to trade with variable spreads from 0 with a commission charge may do so at either broker. Those who want to trade with fixed spreads from 0 plus a commission charge, may do so at IronFX.
Comparison summary
- Both provide CFD trading
- In the UK, Pepperstone additionally provides spread betting
- Pepeprstone offers variable Forex spreads from 0 plus a commission charge
- IronFX provides variable or fixed Forex spreads from 0 plus a commission charge
- Both offer MT4
- Pepperstone additionally provides MT5, cTrader and TradingView