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. 

 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, TradingView 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 

FxScouts Forex Awards…Best Forex Trading Execution 2021,
Trading Guide Broker Awards…Best NDD broker in the UK 2021,
International Business Magazine Awards…Best Forex Broker Middle East 2021,
UK Investment Trends 2021…# 1 Quality of Trade Execution

Pepperstone awords
BinaryOptions.net awarded this broker with the Most Trusted Broker Award in 2017, 2018, and 2019. 

Bonus 

Trading Instruments 

Spread betting, CFD’s in Futures, Indices, Forex & cryptocurrency Binary Options, Digital Options, cryptocurrency, stocks & forex 

Demo Account 

YesYes

Minimum Deposit Fee 

$200/£200 $10

Minimum Trade Fee 

0.01 Lots $1

Regulations 

DFSA, FCA, ASIC, CySEC, SCB, CMA, BaFINCySec

MetaTrader 4 


MataTrader 5
YesNo

cTrader


TradingView
Yes

Mobile Apps 

YesWindows, Android & iOS 

Auto Trading 

Windows, Android & iOS No

Trading Signals 

Chartist Software available Yes

Islamic Account 

YESYes

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 1200+ assets: 

 

  • USD/GBP Spread of 0.59 pips with Razor 
  • USD/EUR Spread of 0.17 pips with Razor 
  • GBP/EUR Spread of 0.4 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 CDFs cryptocurrencies on the market: 

 

  • Spread – ETH $4 and BTC $30 
  • Coins – 20+
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 

NoIQ 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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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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