Compare IronFX vs Pepperstone - Online Brokerage Comparison

Compare IronFX vs Pepperstone

IronFX vs Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+FCA, ASIC, CySEC, FSCA
$200MT4, MT5, cTrader95+FCA, ASIC

IronFX and Pepperstone Comparison

Pepperstone is an ECN broker, offering MT4, MT5 and cTrader. IronFX is an MT4 broker with a range of account types, including STP/ECN. Both offer Cryptocurrency CFD trading, where the trader can speculate on the price movement of a cryptocurrency, without owning it.

IronFX and Pepperstone are both regulated by the FCA in the United Kingdom and the ASIC in Australia. IronFX is also regulated by the CySEC in Cyprus and the FSCA in South Africa.

ECN conditions

IronFX offers STP/ECN and non-ECN trading while Pepperstone offers ECN and STP/ECN trading.

Quick comparison

Pepperstone is an ECN broker. IronFX has a range of account types, including STP/ECN. Both have MT4, Pepperstone also provides MT5 and cTrader.

Minimum deposit and account types

The minimum deposit for IronFX is $100 (STP/ECN minimum deposit is $500). The minimum deposit for Pepperstone is $200 or £100 or AU$200.

  • IronFX offers a range of account types and services. These include a Micro account which has a minimum deposit of $100, 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. The minimum trade size is 0.01 lots except for the Premium and VIP accounts where it is 0.1 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 account, 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 manger, 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 four account types. These are Standard, Razor, Islamic (Swap Free) and Active Traders. Pepperstone provides trading guides, a market review and an economic calendar its website. Pepperstone says that latency is as low as 50ms. 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'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.

Markets

  • IronFX offers Forex, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals and Shares, with 200+ available.
  • Pepperstone offers Forex, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals and Soft Commodities, with 95+ available.

IronFX has more Currency Pairs available, with 120+ available versus 60+ at Pepperstone.

Cryptocurrency CFDs

  • IronFX offers Bitcoin, Ethereum, Litecoin, Ripple and ADA.
  • Pepperstone offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash and Dash.

Leverage and spreads

Maximum leverage for IronFX (FCA or CySEC regulated) is . Maximum leverage for Pepperstone (FCA regulated) .

  • IronFX's Micro account has a EUR/USD variable spread from 1.1 and a fixed spread from 2.2. The Premium account has a EUR/USD variable spread from 0.7 and a fixed spread from 1.8. The VIP account has a variable EUR/USD spread from 0.5 and a fixed spread from 1.6.
  • IronFX's Live Zero Fixed spread account has an EUR/USD spread of 0 (plus a commission charge). The ECN No Commission account has a variable EUR/USD spread from 1.7 and the ECN account with a commission charge has an EUR/USD spread from 0. The ECN Absolute Zero account has EUR/USD spreads from 0, without a commission charge. Gold spreads are from 0.5, UK100 spreads are from 0.8 and US Crude Oil spreads are from 0.04.
  • Spreads at Pepperstone are variable and are from 0.0 for EUR/USD (with an average of 0.2) plus a commission charge, from 0.6 for Gold and 0.05 for US Crude Oil. For the Standard account EUR/USD spreads are from 1 (with an average of 1.2) 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.

Platform

Both brokers offer MT4, desktop and apps. IronFX also offers a web trader based on MT4. Pepperstone also offers MT5 and cTrader desktop and apps and an MT4 based web trader.

Why IronFX or Pepperstone ?

Both have MT4. Pepperstone is an ECN broker, additionally offering MT5 and cTrader. IronFX has a range of account types, including STP/ECN.

Comparison summary

  • Pepperstone offers ECN trading and STP/ECN trading
  • IronFX offers STP/ECN trading and non-ECN trading
  • IronFX has more markets available
  • Pepperstone has a competitive number for an ECN broker
  • Both have MT4
  • Pepperstone also provides MT5 and cTrader
  • IronFX has more markets to trade
  • Both offer Cryptocurrency CFDs

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