Home Brokers comparison Which is best: Pepperstone or IQ Option?

Which is best: Pepperstone or IQ Option?

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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 

(Read the review)

IQ Option 

(Read the review)

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 

  • FTSE Spread of 1pt 
  • USD/GBP Spread of 0.44 pips with Razor 
  • Oil Spread of 0.7 pips 
  • Stocks Spread of 1 pt in the main trading session via DAX or 1.6 pts in the main trading session via DOW 

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: 

  • USD/GBP Spread of 0.44 pips with Razor 
  • USD/EUR Spread of 0.16 pips with Razor 
  • GBP/EUR Spread of 0.49 pips with Razor 

IQ Option has a limited number of forex trading currencies. It doesn’t excel in this area, and it has high spreads: 

  • USD/GBP Spread of 5 pips 
  •  USD/EUR Spread of 14 pips 
  •   GBP/EUR Spread of 15 pips 

Cryptocurrency Trading 

Pepperstone has several trading platforms which can be used for trading the most popular cryptocurrencies on the market: 

  • Spread – ETH $4 and BTC $10 
  • Coins – DASH, BCH, LTC, BTC, and ETH 

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. 

  • Spreads - BTC 7%, ETH 12% (Var) 
  • Coins – DASH, OMG, LTC, QTUM, ZEC, BTC, TRX, ETC, ETH, EOS, BCH, XRP 

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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