Pepperstone Vs. Interactive Brokers - Compare and Choose the Right One


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Overview
Pepperstone is an Australian broker founded in 2010 with the aim of providing a professional trading experience with low fees and tight spreads. Currently Pepperstone counts with 7 financial licenses and operates in almost every country around the world.	Interactive Brokers is a global brokerage founded in 1978 that holds 11+ high tier financial licenses and provides discounted electronic trading services in nearly all the globe with access to more than 100,000+ financial instruments.
Best For
Professional traders that day-trade or scalp Algorithmic traders using their own custom built robots Experienced traders	Seasoned investors looking for a one-stop shop to cover a variety of needs Global investors who seek the most reliable discount service available Traders from intermediate to advanced level
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 4 Other Licenses 3 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 10 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
BaFin (Germany) FCA (UK) ASIC (Australia) DFSA (United Arab Emirates) CySec (Cyprus) SCB (Bahamas) CMA (Kenya)	SEC (United States) FINRA (United States) FCA (United Kingdom) ASIC (Australia) IIROC (Canada) MNB (Hungary) BSE (India) CBI (Ireland) FSA (Japan) CSSF (Luxembourg) CSSF MAS (Singapore)
The Good
Well regulated on several jurisdictions Low latency, fast execution under 30ms Competitive spreads and low commissions from 0.0 pips on their Razor account	High regulation Exceptional number of investment instruments (Above 100,000+) Competitive discount fees
The Bad
Avaliable asset offering is not that comprehensive No ability to purchase real stocks or cryptocurrencies, only CFDs	Complicated account opening process Platforms are not beginner friendly Narrow choice of deposit options (Mostly bank transfer)
Status
Operational	Operational
Recent News
	N/A
Key Data
⌛ Account Opening Time
Up to 1 day	1 - 3 Days
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2010	1978
💳 Minimum Deposit
$200	$ - 0
💰 Payment Methods
Visa Mastercard Bank Transfer Paypal Neteller Skrill POLi Bpay Unionpay Mpesa	Bank Transfer ACH (US only) Check (US only) Debit Card (US only) BPAY (Australia only)
💵 Account Base Currencies
9 - USD, GBP, AUD, EUR, CHF, HKD, SGD, JPY and NZD	23 - USD, EUR, GBP, AUD, CAD, CHF, CNY, CZK, DK, HKD, HUF, INR, ILS, JPY, MXN, NZD, NOK, PLN, RUB, SGD, ZAR, KRW, SEK
🗽 Available to U.S Citizens
No	Yes
❌ Restricted Countries
AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, KM, TD, CD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VE, VG, EH, YE, ZW, RU.	AF, SY, SO, SD, LY, NG, BI.
📊 STP Account
Yes	Yes
📊 DMA Account
No	Yes
📊 ECN Account
Yes	Yes
Assets
📚 Available Assets
CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies and indices.	Real stocks, currencies, ETFs, options, futures, bonds, cryptocurrencies CFDs on almost every possible asset class Structured Products
📙 Stocks
1,300 +	78 markets
📘 Currency Pairs
60	105
📗 Commodities
31	35 markets
📕 Indices
25	13
📔 ETFs
100	13,000+
💸 Cryptocurrencies
20	4
📒 Bonds
N/A	60,000+
📓 Options
N/A	33 markets
📗 Futures
N/A	32 markets
📝 Notes:
All Pepperstone assets are CFDs.	Interactive brokers provides real assets (equities) from more than 100+ markets (exchanges) across the world and also provides CFDs (in allowed regions).
Trading Experience
📈 Minimum Stock Trade Size
Varies by Stock	From 1 share - except for exchanges that allow fractional trading (US stock exchanges)
📉 Minimum ETFs Trade Size
Varies by ETF	N/A for EU Citizens
📈 Minimum Crypto Trade Size
Varies by Crypto (Eg: 0.01 BTC)	No minimum, but minimum fee is $1.75 per order
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$25,000 (0.25 lots)
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 0.1 Troy ounces of Gold)	Varies per commodity (eg: 1 Ounce of Gold)
📉 Minimum Bonds Trade Size
N/A	$1,000 for corporate/muni bonds, $1 million for treasury bonds
📈 Minimum Futures Trade Size
N/A	1 contract
📉 Minimum Options Trade Size
N/A	1 contract
💪 Retail Leverage
Up to 1:400	Up to 1:30
💪 Professional Leverage
Up to 1:500	N/A
✍ Customisable Leverage
No	No
🎲 Deleveraged Trading
No	Yes
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	No
📺 MetaTrader 5
Yes	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	No
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	No
👫 Social Trading
Yes	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
No	No
💰 Deposit Fees
No	No
💰 Withdrawal Fees
No	One free withdrawal per month, subsequent are $10 per withdrawal or equivalent
💰 Commissions
For Standard account : All fees included in the spread For Razor account: From $7 per Lot round turn	Commissions depend on market and residency: US residents are eligible for zero commission US stock trading. Else, for US stocks it is $0.005/share with a minimum $1 and maximum 1% of the trade value. European stocks have €3 minimum and 0.05% trade value. Forex commissions are volume based starting at 0.20 basis points of trade value or $2 minimum per trade, and going low as 0.08 basis points and $1. Options start at $0.25 per contract and go as low as $0.15 per contract. Futures start at $0.85 per contract and go as low as $0.25 per contract
Spreads
📈 EUR/USD
Dynamic - From 0 to 0.77 Pips	Dynamic - From 0.1 pips
📉 SP500
Dynamic - From 0.4 to 1.5 Pips	Dynamic - From 1 Pip
📈 GOLD
Dynamic - Average 13.81 Pips	N/A
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Dynamic - From $0.50
📈 XLK (ETF - CFD)
Dynamic - Market Spread	N/A
📉 BTC
From 30 Pips	N/A
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	Yes
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	Yes
📡 Reuters Feed
No	Yes