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The comparison reads the same evidence fields used by broker profiles, so users can scan scores, regulation, costs, platforms, withdrawals, and caveats side by side.
Broker 1
Broker 2
| VS field | ||
|---|---|---|
Decision summary | ||
| Overall score | 86 | 90 |
| Trust score | 88 | 100 |
| Cost score | 84 | 84 |
| Platform score | 92 | 94 |
| Withdrawal score | 80 | 89 |
| Best for | Active forex/CFD traders who want MT4, MT5, cTrader or TradingView · Traders comparing Standard spread-only pricing vs Razor raw-spread plus commission · Users in supported jurisd… | Experienced CFD and forex traders seeking broad market access · UK clients wanting both leveraged trading and commission-free eligible share/ETF investing · Traders who value plat… |
| Watch out | Leverage, investor compensation, negative balance protection and funding availability differ by jurisdiction/entity · Minimum deposit messaging is inconsistent across official FAQ… | Needs verification |
Trust & regulation | ||
| Regulators | Regulators listed by Pepperstone Group: ASIC, SCB, CySEC, DFSA, UAE CMA/SCA, BaFin, Kenya CMA and FCA. Source | Authorised/supervised by FCA, BaFin/Deutsche Bundesbank, ASIC, FINMA, FSCA, MAS, FMA, DFSA, Japanese authorities, CFTC/NFA, and BMA depending region/entity. Source |
| License numbers | Known official license numbers found: ASIC AFSL 414530; FCA 684312; CySEC 388/20; DFSA F004356; SCB SIA-F217; UAE 20200000358; Kenya CMA 128. BaFin number not found in reviewed official pages. Source | FCA register numbers: 195355, 114059, 944492; DFSA reference F001780; IG Europe register 148759; IG Asia company registration 200510021K. Source |
| Regulated entities | Multiple Pepperstone entities are regulated in Australia, Bahamas, Cyprus/EEA, DIFC/UAE, Germany, Kenya and the UK; client protections differ by entity. Source | IG contracting entities vary by region, including UK IG Markets/IG Index/IG Trading and Investments, IG International Limited, IG Limited Dubai, IG Bank S.A., IG Asia Pte Ltd, IG Europe GmbH and others. Source |
| Negative balance protection | Negative balance protection applies to retail clients, but not to Pepperstone Pro/professional clients; entity wording varies and should be reviewed for client jurisdiction. Source | Negative balance protection applies to UK/ESMA/DFSA retail leveraged accounts; professional traders are excluded; some regional tables show ability to lose more than deposits for certain accounts. Source |
| Investor compensation | Investor compensation is jurisdiction-specific: UK FSCS up to £85,000; Cyprus ICF up to €20,000; Germany EdW up to 90%/€20,000; other listed entities show no compensation scheme. Source | Investor/deposit compensation depends on entity: FSCS UK, EdW Europe, esisuisse Switzerland; no compensation scheme disclosed for several other IG regions in comparison table. Source |
| Restricted countries | Official regional disclaimers specifically mention United States, Belgium and (on EU pages) Spain, plus a general local-law restriction; country availability is entity-dependent. Source | Official IG international and UK pages state the information is not directed at residents of the United States and Belgium; country availability is region/entity-dependent. Source |
Costs & account conditions | ||
| Minimum deposit | Conflicting/regional: no universal minimum; common method minimum is $/€/£10, bank transfers may have no minimum, crypto/global $25. Source | Minimum deposit varies substantially by region, from $50 card/no minimum bank transfer for IG International to CHF 2500 for Switzerland. Source |
| Spread from | Razor FX spreads from 0.0; Razor Spot Gold from 0.08; Standard FX examples from 1.0 on major pairs; spreads vary by market and conditions. Source | Selected UK trading spreads: EUR/USD 0.6, S&P 500 0.4, Spot Gold 0.3; spreads are variable and selected examples only. Source |
| Commission | Standard generally commission-free except equity CFDs; Razor FX/XAU/USD raw spread plus commission from $3.50 per lot per side; share/ETF CFD commissions vary by market/platform. Source | Commission varies by product: commission-free UK investing in eligible stocks/ETFs; share CFD commissions include 0.10% UK/Euro and 2 cents/share US; manual currency conversion commissions also apply in UK investing. Source |
| Maximum leverage | Entity/client-type dependent: retail ranges from 1:30 in EU/UK/AU to 1:200 under SCB examples and 1:400 Kenya; Pro marketing claims up to 1:1000 but detailed tables show lower values in some contexts. Source | Leverage/margin is region- and product-dependent; IG International CFD page shows up to 1:200 for forex and indices, 1:143 commodities, 1:10 share/crypto CFDs; UAE page cites indices up to 20:1. Source |
| Deposit fee | Pepperstone generally charges no internal deposit fees in reviewed tables, but third-party/intermediary fees may apply and availability varies regionally. Source | Deposit fees vary by region; UK bank/debit/credit card funding free; other regions differ. Source |
| Withdrawal fee | Most withdrawal methods are free, but international bank wire/TT withdrawals may incur a Pepperstone pass-through/deduction around USD $20 or £15 depending region; third-party fees may apply. Source | UK withdrawals are listed as free for bank/debit/credit card methods; Dubai comparison table notes wire withdrawal $25; other regions vary. Source |
| Inactivity fee | No inactivity fee disclosed; accounts under ten units of currency inactive for three or more months may be archived. Source | Inactivity/admin fee is region/product-specific: UK charges page currently lists inactivity fee free; IG Bank Switzerland charges CHF 18/month after 2+ years inactivity with a balance. Source |
Markets, platforms & payments | ||
| Tradable assets | CFDs on FX, indices, commodities, cryptocurrencies, shares and more; account/platform pages list forex, indices, commodities, shares, ETFs and cryptocurrency CFDs, with regional restrictions. Source | IG offers a broad range of tradable products by region, including CFDs on forex, indices, shares, commodities, crypto, ETFs, options, futures, bonds, rates and volatility; UK also has share dealing and selected options/futures; products vary by region. Source |
| Trading platforms | Pepperstone offers its own platform/app plus TradingView, MT5, MT4 and cTrader; copy trading is also promoted. Source | IG supports proprietary web/mobile platforms plus MT4, MT5 in some regions, ProRealTime, L2 Dealer, TradingView and institutional/API/FIX access. Source |
| Account types | Main account types are Standard and Razor CFD; UK also offers spread betting; demo and Pro classification are available. Source | Account types differ by region; examples include IG trading/professional, limited risk, share dealing, options, turbo24 and swap-free accounts. Source |
| Deposit methods | Apple Pay, Google Pay, Visa/Mastercard, bank transfer, PayPal, Neteller, Skrill, Union Pay, USDT/ZotaPay and some local methods; availability varies by region and secure client area. Source | Deposit methods vary by region; official pages mention bank transfer, debit/credit card, Wise, and Singapore PayNow. Source |
| Withdrawal methods | Withdrawals are handled through the secure client area and generally mirror supported funding methods, but availability is regional and funds are normally returned to same-name accounts/methods. Source | Withdrawal methods vary by region; UK charges list bank/debit/credit card deposits/withdrawals; comparison table lists US ACH/wire/check deposit and ACH/wire withdrawal details; help pages mention Card/ApplePay withdrawals. Source |
| Withdrawal processing time | Withdrawal time varies by method/region: wallets/cards often up to 1 business day; bank transfers can be up to 2 business days domestically and up to 7 or 3-5 working days for international/bank wire settlement. Source | Withdrawal timing is not a single global value; UK help articles indicate same-day processing for eligible card/ApplePay requests, up to 5 working days to receive, and 1-3 business days for bank transfers after approval. Source |
BrokerVS provides broker comparison research only. Scores and evidence can vary by country, account type, and legal entity; users should verify source links before opening an account.