Which trading platform is best, IG or Pepperstone?

IG is objectively the best trading platform when judged on the criteria below. It offers the largest number of markets the most trading platforms and account types. Pepperstone has the better ratings for customer reviews, and offers the highest levels of margin to its professional clients.Compare these top two brokers to see which is best. IG Index vs Pepperstone. Check the features, trading fees and prices and tools for these popular trading brokers side by side.

ig review
Visit IG
73% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
IG Reviews
IG Total Markets
17000
Forex Pairs51
Commodities38
Indices34
UK Stocks3925
US Stocks6352
ETFs2000
IG Key Info
Number Active Clients313000
Minimum Deposit250
Inactivity Fee£12 per month
Founded1974
Public Company✔️
IG Account Types
CFD Trading✔️
Forex Trading✔️
Spread Betting✔️
DMA (Direct Market Access)✔️
Futures Trading
Options Trading
Investing Account✔️
IG Average Fees
FTSE 1001
DAX 301.2
DJIA2.4
NASDAQ1
S&P 5000.4
EURUSD0.6
GBPUSD0.9
USDJPY0.7
Gold0.3
Crude Oil0.28
UK Stocks0.001
US Stocks0.001
IG Alternatives
IG Versus CMC Markets
IG Versus Pepperstone
IG Versus Saxo Markets
IG Versus City Index
IG Versus Spreadex
IG Versus ETX Capital
IG Versus Markets.com
IG Versus Capital.com
IG Versus eToro
IG Versus Plus 500
Table last updated: 17th November 2021 3:55 pm

pepperstone review
Visit Pepperstone
79.3% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Pepperstone Reviews
Pepperstone Total Markets
178
Forex Pairs62
Commodities32
Indices28
UK Stocks192
US Stocks880
ETFs107
Pepperstone Key Info
Number Active Clients110000
Minimum Deposit0
Inactivity Fee0
Founded2010
Public Company
Pepperstone Account Types
CFD Trading✔️
Forex Trading✔️
Spread Betting✔️
DMA (Direct Market Access)
Futures Trading
Options Trading
Investing Account
Pepperstone Average Fees
FTSE 1001
DAX 300.9
DJIA2.4
NASDAQ1
S&P 5000.4
EURUSD0.09
GBPUSD0.28
USDJPY0.14
Gold0.05
Crude Oil2
UK Stocks0.001
US Stocks$0.02 per share
Compare AlternativesPepperstone Versus IG
Pepperstone Versus CMC Markets
Pepperstone Versus Saxo Markets
Pepperstone Versus Spreadex
Pepperstone Versus City Index

Which trading platform has the best customer reviews?

Pepperstone has better customer reviews than IG using the Good Money Guides unique multifactor rating system with a score of 4.625 out of a maximum of 5.0 points. IG scored 4.05 out of a possible 5.0.

Pepperstone  beat IG’s ratings  in the Good Money Guide customer reviews and in those posted on TrustPilot.

Find out why customer reviews are important

 

Which trading platform offers the most markets?

IG offers more markets to traders compared to Pepperstone with over 17,000 instruments for its clients to trade. Not only does IG offer a far greater number of total markets to trade than Pepperstone, it also offered more markets in individual asset classes such as FX pairs, equity indices commodities and single stocks.

Find out why market access is important

 

Which trading platform offers the most platforms?

IG offers more trading platforms than Pepperstone with 5 dealing systems on offer to its clients. IG has a dedicated in-house desktop trading platform, a so-called progressive web app, that can be opened and operated on any device, the Metaquotes MT4 platform, and a dedicated equity trading platform, called L2 dealer.

IG also offers connectivity to third party trading apps such as Pro real-time.

Pepperstone offer the Metaquotes MT4 and MT5 platforms. in their desktop and mobile configurations alongside the cTrader dealing software.

Find out why trading platforms are important

 

Which trading platform offers the most different types of account?

IG offers more account types than Pepperstone with dedicated CFD, FX and Spread Betting accounts but also offers share trading, investment accounts, prime brokerage and institutional services.

Pepperstone only offers two types of margin trading account as well as a dedicated Spread Betting account.

Find out why account types are important

 

Which trading platform is a more established business?

IG is more established than Pepperstone having been founded in 1974 it’s a quoted company listed on the LSE and a member of the FTSE 250 index.

Pepperstone was founded in 2010 and is privately owned and held.

Find out why a trading platforms history is important

 

Which trading platform has the lowest trading costs?

IG is the trading platform that has the lowest trading costs overall, however, Pepperstone does have tighter spreads in the key category of FX pairs, where its average spread, in the 10 actively traded pairs we sampled, was 0.23 pips versus IG‘s 0.698.

IG has tighter spreads in most commodities than Pepperstone and can be cheaper in individual equities depending on the volumes traded.

Find out why trading costs are important

 

Which trading platform offers the most margin?

Pepperstone offers the most margin with leverage ratios of upto 500:1 for professional clients. That compares to the maximum leverage of 222:1 that’s available to professional clients at IG.

For retail clients both IG and Pepperstone apple the FCA/ESMA margins restrictions which are the highest levels of leverage available to retail clients in the UK and Europe

Find out why leverage and margin are important

 

Which trading platform offers the lowest overnight financing rates?

Pepperstone does not publish detail of its overnight financing rates or its calculation methodology so no direct compression with IG was possible in this category.

Find out why overnight financing rates are important

 

Which trading platform offers the most added value?

IG is the broker that offers the most added value and it scores 6 out of 6 in this category compared to 5 out of 6 for Pepperstone. The deciding factor is the client sentiment and positioning tools that IG offers to its customers something that Pepperstone doesn’t have.

Both brokers offer a personal service to their customers and provide educational resources and regular market commentary, research and analysis, as well as news feeds and charting software.

Find out why added value is important

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