Compare Interactive Brokers vs Pepperstone


Online brokers compared for fees, trading platforms, safety and more. See how Interactive Brokers stacks up against Pepperstone!

Interactive Brokers vs Pepperstone
overall rating
4.8
4.5
overall pros
  • Low trading fees
  • Wide range of products
  • Many great research tools
  • Fast and fully digital account opening
  • Great customer service
  • Seamless and free deposit and withdrawal
overall cons
  • Complicated account opening process
  • Complex desktop trading platform
  • High forex fees
  • Only forex and CFDs
  • Basic news flow
fees
4.2
  • Low trading fees
  • Free stock and ETF trading for US clients
  • Low margin rates
  • Inactivity fee
4.4
  • Low forex fees
  • No withdrawal fee
  • No inactivity fee
  • High costs for holding positions overnight
account opening
3.4
  • Fully digital
  • No minimum deposit for most account types
  • Not user-friendly
  • Confusing messages throughout the process
5.0
  • Fast
  • Fully digital
  • No minimum deposit
deposit and withdrawal
3.5
  • No deposit fee
  • Several account base currencies
  • First withdrawal each month free
  • Credit/Debit card not available
4.3
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • High bank withdrawal fee for clients outside the EU/Australia
web trading platform
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
mobile trading platform
3.8
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Too complex for beginners
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • Warrants
  • Structured Products
1.7
  • Forex
  • CFD
  • Crypto
research
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
3.3
  • Trading ideas
  • Daily market analysis
  • Newsflow is basic within MetaTrader
  • No fundamental data available
customer service
3.4
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
  • Slow support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Courses only available after registration
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos and webinars
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection for most clients
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Traders looking for low fees and a professional trading environment Forex traders looking for great account opening and customer service
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