Broker comparison

IG Markets vs.
Pepperstone

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

IG Markets offers a broader product range with over 17,000 markets including vanilla options and barriers, while Pepperstone offers cheaper forex conditions with the Razor account and raw spreads from 0.0 pip. IG is suitable for traders who want options and maximum market breadth, Pepperstone for pure forex traders seeking the tightest spreads.

World-leading CFD provider with 50 years of experience

ECN broker with Razor account and ultra-fast execution

At a glance

The key differences

Criterion
PlatformsIG Platform, MT4, ProRealTime, L2 DealerMT4, MT5, cTrader, TradingView
Product typesCFDs, Forex, Options, Indices, Commodities, Stocks CFDs, CryptoForex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices
Options tradingYes, vanilla options and barriersNo, but over 1,200 CFD instruments
Fee modelSpreads from 0.6 pip on forex, from 0.1% on stock CFDsRazor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
Minimum deposit300 €0 €
RegulationBaFin/FCABaFin/FCA/ASIC
More informationDetailsDetails

Platforms

IG Markets

IG Platform, MT4, ProRealTime, L2 Dealer

Pepperstone

MT4, MT5, cTrader, TradingView

Product types

IG Markets

CFDs, Forex, Options, Indices, Commodities, Stocks CFDs, Crypto

Pepperstone

Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices

Options trading

IG Markets

Yes, vanilla options and barriers

Pepperstone

No, but over 1,200 CFD instruments

Fee model

IG Markets

Spreads from 0.6 pip on forex, from 0.1% on stock CFDs

Pepperstone

Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip

Minimum deposit

IG Markets

300 €

Pepperstone

0 €

Regulation

IG Markets

BaFin/FCA

Pepperstone

BaFin/FCA/ASIC

More information

IG Markets

Details

Pepperstone

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

Spreads from 0.6 pip on forex, from 0.1% on stock CFDs

Published fee
Spreads from 0.6 pip on forex, from 0.1% on stock CFDs
Minimum deposit
300 €
Inactivity
£12/month after 24 months of inactivity
See terms at provider

Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip

Published fee
Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
Minimum deposit
0 €
Spread figure
EUR/USD from 0.0 pip (Razor) + $3.50 per lot
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Execution quality

Order type, venue and liquidity affect execution.

Check the provider’s execution policy and available order types for your account.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

CFDsForexOptionsIndicesCommoditiesStocks CFDsCrypto
ForexCFDsIndicesCommoditiesStocks CFDsCryptoCurrency Indices

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

IG Platform · MT4 · ProRealTime · L2 Dealer

IG Markets offers four trading platforms: The IG Platform is the proprietary web platform with advanced charts, market analyses, and over 17,000 markets. MT4 is available for automated trading and Expert Advisors. ProRealTime offers professional chart analysis with over 100 indicators and backtesting capabilities. L2 Dealer enables Direct Market Access (DMA) for professional traders. All platforms support trading in CFDs, forex, and options.

Explore platform

MT4 · MT5 · cTrader · TradingView

Pepperstone offers four trading platforms: MT4 and MT5 for classic forex trading with Expert Advisors and automated strategies. cTrader impresses with a modern interface, advanced charting, Level II price data, and algorithmic trading via cAlgo. TradingView enables social trading with one of the world's largest trader communities. All platforms support the Razor account with raw spreads and offer mobile versions for trading on the go.

Explore platform

Regulation & security

BaFin/FCA

Regulatory information

BaFin/FCA/ASIC

Regulatory information

Regulation does not prevent market losses. The relevant authority depends on the contracting entity.

Your investor profile

Who might it suit?

World-leading CFD provider with 50 years of experience

  • Over 17,000 markets available
  • Vanilla options and barriers available
  • Very long company history since 1974
  • Minimum deposit €300
  • High fees for small accounts

ECN broker with Razor account and ultra-fast execution

  • Razor account with raw spreads from 0.0 pip
  • Fast execution speed
  • MT4, MT5, cTrader and TradingView
  • No options trading
  • No real stocks, only CFDs

Find the broker that fits

IG Markets oder Pepperstone?

Side by side. Decided with knowledge.

See the differences that matter, and the Academy lessons that explain them.

IG Markets4.6
  • Over 17,000 markets available
  • Vanilla options and barriers available
  • Very long company history since 1974
Pepperstone4.5
  • Razor account with raw spreads from 0.0 pip
  • Fast execution speed
  • MT4, MT5, cTrader and TradingView
VS
  • Fees
  • Platform
  • Regulation
  • Matching lessons
Two brokers. Many options. Your call.
Open The Dealing Room

Your questions

Frequently asked questions

How do fees differ between IG Markets and Pepperstone?
IG Markets: Spreads from 0.6 pip on forex, from 0.1% on stock CFDs. Pepperstone: Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: IG Markets or Pepperstone?
IG Markets offers CFDs, Forex, Options, Indices, Commodities, Stocks CFDs, Crypto. Pepperstone offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices.
How are IG Markets and Pepperstone regulated?
The broker profiles list BaFin/FCA for IG Markets and BaFin/FCA/ASIC for Pepperstone. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is IG Markets or Pepperstone better for beginners?
IG Markets lists a 300 € minimum deposit and offers IG Platform, MT4, ProRealTime, L2 Dealer. Pepperstone lists 0 € and offers MT4, MT5, cTrader, TradingView. Compare usability, available products and costs for your intended use.
IG Markets vs Pepperstone: Which broker is better overall?
The choice between IG Markets (4.6/5, 2500 reviews) and Pepperstone (4.5/5, 1800 reviews) depends on your needs. IG Markets: World-leading CFD provider with 50 years of experience. Pepperstone: ECN broker with Razor account and ultra-fast execution.
How do spreads compare between IG Markets and Pepperstone?
IG Markets offers typical spreads of EUR/USD from 0.6 pip (typical). Pepperstone offers EUR/USD from 0.0 pip (Razor) + $3.50 per lot. Tighter spreads reduce trading costs especially for active trading.
Do IG Markets or Pepperstone charge an inactivity fee?
IG Markets: £12/month after 24 months of inactivity. Pepperstone: no inactivity fee.

Your next step

Your next step

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Before you pick a broker

The guides worth reading before your first trade, whichever of the two you choose.

Options risks & opportunitiesWhat you can lose, and what the risk buys you.Options taxes in GermanyFlat-rate tax, loss offsetting and allowances.Options trading basicsStrike, expiry, underlying: the building blocks of every option.
Terms in the glossary:MarginPremiumCall optionUnderlyingExercise