This article reviews two leading brokers that are highly recommended for both professional and retail traders. Both Pepperstone and IQ Option are highly regulated and offer access to reliable mobile apps and several trading instruments for the best experience.
After analyzing and testing their demo accounts, we came to the following conclusions. Read on to discover an accurate comparison between two of the leading brokers in 2020.
| Pepperstone
| IQ Option
| |
|---|---|---|
|
In A Nutshell | Pepperstone is one of the leading CFD trading and spread betting brokers for professional and retail traders. It allows its users to trade indices, FX, and several other trading instruments. Pepperstone offers access to MT5, MT4, and cTrader platforms. | IQ Option offers an account opening fee of $10. It allows you to trade more than 14 cryptocurrencies, along with low spreads for traditional forex and digital options with payouts up to 900%.
The downside is that more than 87% of CFD accounts lose money with this broker. |
|
Awards | – | BinaryOptions.net awarded this broker with the Most Trusted Broker Award in 2017, 2018, and 2019. |
|
Bonus | – | – |
|
Trading Instruments | Spread betting, CFD, Futures, Indices, Forex & cryptocurrency | Binary Options, Digital Options, cryptocurrency, stocks & forex |
|
Demo Account | Yes | Yes |
|
Minimum Deposit Fee | $200/£200 | $10 |
|
Minimum Trade Fee | 0.01 Lots | $1 |
|
Regulations | DFSA, SCV, FCA & ASIC | CySec |
|
MetaTrader 4 | Yes | No |
|
MetaTrader 5 | Yes | No |
|
Mobile Apps | Yes | Windows, Android & iOS |
|
Auto Trading | Windows, Android & iOS | No |
|
Trading Signals | Chartist Software available | Yes |
|
Islamic Account | No | Yes |
|
CFD Trading |
| No |
|
Forex Trading | This broker has spreads from 0.0 pips via a Razor account. Also, it offers access to more than 61 pairs for trading, and lots start at 0.01. Pepperstone has 180 assets:
| IQ Option has a limited number of forex trading currencies. It doesn’t excel in this area, and it has high spreads:
|
|
Cryptocurrency Trading | Pepperstone has several trading platforms which can be used for trading the most popular cryptocurrencies on the market:
| This is one of the leading cryptocurrency brokers on the market, with a proprietary wallet, Hodly. IQ Option offers access to several multipliers and crypto markets.
|
|
Binary Options | No | IQ Option is an established binary options and digital trading broker. It has the lowest minimum deposit, with a payout of 91%. |
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