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
4.9
4.5
overall pros
  • Wide range of products
  • Many great research tools
  • Regulated by several authorities
  • Low forex and equity index CFD fees
  • Great customer service
  • Seamless and free deposit and withdrawal
overall cons
  • Extremely complex desktop trading platform
  • Complicated account opening process
  • High inactivity fee
  • Only forex and CFDs
  • Basic news flow,
  • No investor protection for non-EU clients
fees
4.3
  • Low trading fees
  • Low stock and ETF fees
  • Low financing rate
  • Free stock and ETF trading for US clients
  • Inactivity fee
4.4
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High financing rate for CFDs
account opening
3.4
  • Fully digital
  • No minimum deposit for most accounts types
  • Not user-friendly
  • Confusing messages throughout the process
5.0
  • Fast
  • Fully digital
  • No minimum deposit
deposit and withdrawal
2.5
  • No deposit fee
  • Several account base currencies
  • First withdrawal each month free
  • Credit/Debit card not available
  • Not user-friendly
4.8
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • High bank withdrawal fee for clients outside the EU/Australia
web trading platform
4.3
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
mobile trading platform
3.5
  • 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
3.3
  • 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
  • Indices
  • Metals
1.7
  • Forex
  • CFD
  • Crypto
research
3.5
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Not user-friendly
2.8
  • Trading ideas
  • Daily market analysis
  • News flow is rather basic
customer service
4.4
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 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
4.5
  • Demo account
  • Trading platform tutorial
  • 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
  • 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 low fees and good customer service
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