| Online Broker | Minimum Deposit | Trading Platforms | Markets To Trade | About |
|---|---|---|---|---|
| IQ Option | $10 Minimum Deposit | Web Trader, Downloaded Platform, Apps Trading Platforms | 300+ Markets To Trade | IQ Option provides a low minimum order size( $1 or 0.001 lots) and a user friendly platform, with a low minimum deposit ($10) About |
| Pepperstone | $200 Minimum Deposit | MT4, MT5, cTrader, TradingView Trading Platforms | 1000+ Markets To Trade | Pepperstone offers rapid order processing, automated trading on MT4, MT5, cTrader and TradingView and provides spreads from 0, plus commission About |
IQ Option vs Pepperstone Comparison
Pepperstone is a broker offering a core group of markets to trade, providing support for automated trading via Expert Advisors (on MT4 and MT5), cBots (on cTrader) and Pine Script (on TradingView). IQ Option offers a clear distinctive web trader (and a downloaded version of this), allowing the trader to trade a range of CFD markets. Pepperstone can offer more markets to trade (1000+ vs 300+).
Pepperstone offers no dealing desk order intervention and high speed order processing via Equinix data center infrastructure (which traders using automated trading strategies - robots - may find particularly useful). IQ Option provides a range of calendars on its platform, offering an Earnings, a Forex and a Crypto calendar.
Quick comparison
Pepperstone is a broker offering MT4, MT5, cTrader and Trading View supporting automated trading, while IQ Option has a web trader with a range of tools.
Minimum deposit and account types
The minimum deposit for IQ Option is $10. The minimum deposit for Pepperstone is $200.
- IQ Option has Market Analysis, News, a Forex Calendar, an Earnings Calendar and a Crypto Calendar on its trading platform. The minimum order size is $1 or 0.001 lots.
- Pepperstone offers a Standard and a Razor account for CFD trading and in the UK additionally offers a spread betting account. Pepperstone provides trading guides, a market review and an economic calendar its website. Pepperstone says that latency is as low as 30ms. The minimum trade size is 0.01 lots.
- Pepperstone's Standard and Islamic accounts do not charge commissions and hence offer higher spreads as they include a mark up. The Razor account charges commissions and allows scalping. Pepperstone offers social and copy trading via DupliTrade, Myfxbook and MetaTrader Signals.
| Broker | Trading Platforms | Description |
|---|---|---|
| IQ Option Broker | Web Trader & Apps Trading Platforms | IQ Option offers a user friendly platform with Forex, Crypto and Earnings Calendars, 100+ technical indicators and a $10 minimum deposit and a $1 minimum order size Description |
| Pepperstone Broker | MT4, MT5, cTrader, TradingView Trading Platforms | Pepperstone supports automated trading with robots, offering high speed order execution with no dealing desk intervention and supports styles such as scalping and news trading Description |
Markets
- IQ Option offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities, Metals, Stocks, ETFs and Options, with 300+ available.
- Pepperstone offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities, Metals and Stocks, with 1000+ available.
IQ Option provides 40+ Forex pairs. Pepperstone provides 60+ Forex pairs.
Cryptocurrency CFDs
- IQ Option offers Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, Ripple, EOS, Stellar, Qtum, Ethereum Classic, OmiseGo, TRON and Zcash CFDs.
- Pepperstone offers Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, Ripple, EOS, Stellar, Cardano, Chainlink, Dogecoin, Binance Coin, Polkadot, Uniswap, Tezos, Solana, Polygon, Avalanche and Terra CFDs.
Leverage
Maximum leverage for IQ Option (CySEC regulated) is . Maximum leverage for Pepperstone (CySEC regulated) is .
Trading Platforms
IQ Option provides a web trader, a downloaded version of this and apps. Pepperstone offers MT4, MT5, cTrader and TradingView.
Why IQ Option or Pepperstone ?
Traders who want to trade with a user friendly online trading platform with support for fundamental traders in the shape of Calendars, and technical traders in the shape of 100+ technical indicators can try IQ Option. Traders who want to trade using online trading robots and who want to trade at their own discretion on MT4, MT5, cTrader and TradingView may wish to try Pepperstone. Traders who want to trade with a low minimum deposit and a low minimum order size may wish to consider IQ Option.
Comparison summary
- Both offer CFD trading
- In the UK, Pepperstone additionally provides spread betting
- IQ Option provides a user friendly web trader and apps
- Pepperstone offers MT4, MT5, cTrader and TradingView
- Pepperstone supports automated algorithmic trading
- IQ Option provides Forex, Crypto and Earnings Calendars on its platform
- Pepperstone offers high speed no dealing desk order execution
- IQ Option has a low minimum deposit ($10) and order size ($1)
