IQ Option vs Pepperstone Broker Comparison

IQ Option vs Pepperstone | Online Brokerage Comparison

IQ Option vs Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$10Web Trader, Downloaded Platform, Apps 300+
$200MT4, MT5, cTrader95+

IQ Option vs Pepperstone Comparison

Pepperstone is an ECN broker offering a core group of markets to trade, providing support for automated trading via Expert Advisors (on MT4 and MT5) and cBots (on cTrader). IQ Option offers a clear distinctive web trader (and a downloaded version of this), allowing the trader to trade a range of CFD markets.

IQ Option can offer more markets to trade and a wider range (95+ vs 300+), but Pepperstone has a competitive range and number of markets for an ECN broker. As an ECN broker, Pepperstone offers no dealing desk order intervention and high speed order processing via Equinix data center infrastructure (which traders using automated trading strategies - robots - may find particularly useful).

Quick comparison

Pepperstone is an ECN broker offering MT4, MT5 and cTrader, while IQ Option has a web trader, a downloaded version and apps and more markets to trade.

Minimum deposit and account types

The minimum deposit for IQ Option is $10. The minimum deposit for Pepperstone is $200.

  • IQ Option has analysis on its trading platform.
  • 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

  • IQ Option offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities, Metals, Stocks, ETFs and Options, with 300+ available.
  • Pepperstone offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities and Metals, with 95+ available.

IQ Option provides 85+ Forex pairs. Pepperstone provides 60+ Forex pairs.

Cryptocurrency CFDs

  • IQ Option offers Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, Ripple, EOS, Qtum, Ethereum Classic, OmiseGo, TRON and Zcash CFDs.
  • Pepperstone offers Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash and Ripple.

Leverage

Maximum leverage for IQ Option (CySEC regulated) is . Maximum leverage for Pepperstone (FCA regulated) is .

Trading Platforms

IQ Option provides a web trader, a downloaded version of this and apps. Pepperstone offers MT4, MT5 and cTrader (with web traders for MT4 and cTrader) and apps.

Why IQ Option or Pepperstone ?

IQ Option offers an accessible trading platform and account features, namely a minimum order size of $1 and a minimum deposit of $10. Pepperstone has features to suit traders who make their own trading decisions by offering ECN services and three trading platforms, but has features of particular interest to trader who trade with robots.

Comparison summary

  • Pepperstone offers ECN CFD trading
  • IQ Option has an accessible CFD trading platform
  • Pepperstone offers the MT4, MT5 and cTrader platforms
  • IQ Option has more markets
  • Pepperstone has a competitive number of markets for an ECN broker
  • Pepperstone supports automated trading via Expert Advisors and cBots

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