Comparison · IG vs Pepperstone

IG vs Pepperstone

IG quotes EUR/USD from 0.6 pips with no commission; Pepperstone quotes 1.0 pips on Standard or 0.0 pips on Razor plus GBP 2.25 per lot per side. Both run FCA-authorised companies for UK clients. Terms below are the brokers’ own, checked 19 Oct 2026.

Written and checked by: Low Spread Brokers team
Updated: 20 Oct 2026

19 Oct 2026latest broker data check

Low Spread Brokers does not give personal investment advice.

Quick answer

IG or Pepperstone: which one fits you?

On a commission-free account IG publishes the lower EUR/USD minimum, 0.6 pips against 1.0 pips at Pepperstone. On one standard lot that is $6.00 against $10.00 of spread at the minimum. Pepperstone has the raw-spread account IG lacks in our data: Razor from 0.0 pips (0.1 pips on average, as Pepperstone publishes it) plus GBP 4.50 per round-turn lot. Neither one is cheaper for every trader: it depends on the account and the pair.

IG has platforms Pepperstone does not list: API, ProRealTime and L2 Dealer. Pepperstone has cTrader, which IG does not offer.
UK clients sign with IG Markets Ltd (FRN 195355), IG Index Ltd (FRN 114059) and IG Trading and Investments Ltd (FRN 944492) at IG, or Pepperstone Limited (FRN 684312) at Pepperstone. Check each number on the FCA Register yourself; we have not yet matched them.
Published UK loss rates: 70% of retail accounts at IG, 73.6% at Pepperstone (checked 19 Oct 2026).

IG and Pepperstone at a glance

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

IG

8.0/10

Fits: UK spread bets or CFDs on a commission-free account from 0.6 pips, with ProRealTime or L2 Dealer

Visit brokerUnpaid link

70% of retail investor accounts lose money when trading CFDs with this provider (IG Markets Ltd / IG Index Ltd (UK)).

Pepperstone

8.6/10

Fits: raw pricing from 0.0 pips plus commission, and cTrader alongside MT4, MT5 and TradingView

Visit brokerUnpaid link

73.6% of retail investor accounts lose money when trading CFDs with this provider (Pepperstone Limited (UK)).

IG vs Pepperstone: published terms side by side

IG vs Pepperstone: published terms side by side
Published term	IG	Pepperstone
Preliminary score	8.0/10	8.6/10
Minimum deposit	£1	£10
Lowest EUR/USD spread published	0.6 pips (UK spread bet/CFD, 19 Oct 2026)	0.0 pips (Razor, 19 Oct 2026)
Commission	0 GBP per lot per side	2.25 GBP per lot per side
Platforms	MT4, MT5, TradingView, proprietary, API, ProRealTime, L2 Dealer	MT4, MT5, cTrader, TradingView, proprietary
Account types	Standard, Demo, Spread betting, Professional	Standard, Raw, Demo, Spread betting, Professional
Funding methods	Debit card, Credit card, Bank transfer	Debit card, Credit card, Apple Pay, Google Pay, Bank transfer
Regulators and licence numbers, as published	FCA 195355, FCA 114059, FCA 944492, BaFin 148759, ASIC AFSL 515106, FMA Not published, FINMA Not published, MAS Not published, DFSA F001780, JFSA Not published, FSCA Not published, BMA Not published, CFTC/NFA NFA ID 0509630	FCA 684312, CySEC 388/20, BaFin 151148, ASIC AFSL 414530, DFSA F004356, CMA (UAE) 20200000358, CMA Kenya 128, SCB SIA-F217
Max. retail leverage, by company	1:30 (major FX, retail; margin 3.33% on EUR/USD, GBP/USD) (FCA) · 1:30 (major FX spread bets, retail; margin 3.33%) (FCA)	1:30 (retail, per Pepperstone support FAQ) (FCA)
Retail loss rate, first company listed	70% of retail investor accounts lose money when trading CFDs with this provider (IG Markets Ltd / IG Index Ltd (UK)).	73.6% of retail investor accounts lose money when trading CFDs with this provider (Pepperstone Limited (UK)).

Where IG and Pepperstone score higher

Preliminary scores from published data, 0–10 per criterion. Pepperstone scores higher on costs, platforms and accounts; regulation is level. Research and support show 0 for both because we have not scored them yet, so “Level” there means no data.

IGPepperstone

Costs7.68.2Pepperstone higher
Platforms8.59.5Pepperstone higher
Regulation9.09.0Level
Accounts6.57.5Pepperstone higher
Research (not scored yet)0.00.0Not compared: no published data for one broker
Support (not scored yet)0.00.0Not compared: no published data for one broker

IG compared with Pepperstone

Pros

Lower minimum spread on a commission-free account: EUR/USD from 0.6 pips vs 1.0 pips on Pepperstone Standard.
Platforms Pepperstone does not list: API, ProRealTime and L2 Dealer.
Tier 1 companies where Pepperstone has none in our data: FINMA, MAS and JFSA.
Lower published UK loss rate: 70% vs 73.6%.
Card deposits from £1 on the UK account, against £10 at Pepperstone; bank transfers have no minimum at either.

Cons

No raw-spread account in our data; Pepperstone Razor starts at 0.0 pips plus GBP 2.25 per lot per side.
No cTrader, which Pepperstone offers.
3 funding methods listed against 5 at Pepperstone, which adds Apple Pay and Google Pay.
IG’s spread is a published minimum; Pepperstone also publishes monthly averages (0.1 pips on Razor), which say more about a normal day.

How to choose between IG and Pepperstone

Four questions settle it for most traders, in this order.

1
How many lots a month will you trade?
Few trades: IG’s commission-free 0.6 pips minimum keeps the cost in one number. Many trades: Pepperstone Razor at 0.0 pips plus GBP 4.50 per round-turn lot can cost less, but only if the raw spread you actually get stays close to the published 0.1 pips average.
IG fees ECN brokers
2
Which platform will you use every day?
MT4, MT5 and TradingView are at both. Pick IG for API, ProRealTime and L2 Dealer; pick Pepperstone for cTrader. Our data notes that Pepperstone’s UK Standard account has no TradingView and offers MT4 only on Razor.
Trading platforms MT5 brokers
3
Spread bet or CFD?
Both brokers list a spread betting account for UK residents and CFDs alongside it. At IG spread bets sit with IG Index Ltd and CFDs with IG Markets Ltd, two separately authorised companies.
Spread betting brokers
4
Where do you live?
IG lists Tier 1 companies with FCA, BaFin, ASIC, FINMA, MAS, DFSA and JFSA; Pepperstone with FCA, CySEC, BaFin, ASIC and DFSA. Clients outside the countries those companies cover are served by offshore companies, IG International Limited (BMA) at IG and Pepperstone Markets Limited (SCB) at Pepperstone, without UK or EU leverage caps and compensation.
Brokers by country

Other FCA-authorised brokers to compare

Brokers with an FCA-authorised company for UK residents, by our platforms score; ties broken by the overall score.

1
FxPro
7.6/10
Minimum deposit
Not published
EUR/USD spread from
0.0 pips
Regulated by
FCA, CySEC, FSCA, SCB
Visit brokerUnpaid link
75% of retail investor accounts lose money when trading CFDs with this provider (FxPro Financial Services Ltd).
2
OANDA
8.1/10
Minimum deposit
$0
EUR/USD spread from
0.0 pips
Regulated by
CFTC / NFA, FCA, KNF, ASIC, CIRO, MAS, JFSA, BVI FSC
Visit brokerUnpaid link
76.6% of retail investor accounts lose money when trading CFDs with this provider (OANDA Europe Limited).
Read review
3
Vantage
8.0/10
Minimum deposit
$50
EUR/USD spread from
0.0 pips
Regulated by
FCA, ASIC, FSCA, CIMA, VFSC, FSC Mauritius
Visit brokerUnpaid link
72.65% of retail investor accounts lose money when trading CFDs with this provider (Vantage Global Prime LLP).
Read review

Methodology v1 · preliminary scores

Where the scores on this page come from

Both brokers are scored by the same formula from their published terms. We have not opened live accounts with either, so no figure on this page is a test result.

1Copy published termsSpreads, commission, deposits, platforms and account types from each broker’s own pages, each with its date (latest 19 Oct 2026).
2List the entitiesEvery licensed company of a brand, with the licence number the broker publishes. Matching each number on the regulator’s register is the next step.
3Score four criteriaCosts, platforms, regulation and accounts, 0–10 each, by a fixed formula. Research and support stay unscored until we test them.
4Apply this page’s ruleThe filter and sort written under the ranking heading. Ties are broken by the overall score.

Weights in the preliminary score

Costs · 31%
Regulation & safety · 31%
Platforms · 19%
Accounts & funding · 19%

5brokers scored
19 Oct 2026latest data check

What does not affect a score

Partner status and advertising. We have no affiliate or advertising agreements with brokers.

Published spreads behind the scores

Checked	Quote	Spread
19 Oct 2026	EUR/USD, UK spread bet/CFD account, IG	0.6 pips
19 Oct 2026	EUR/USD, Razor account, Pepperstone	0.1 pips
19 Oct 2026	EUR/USD, Raw+ / Elite (MT4/MT5) account, FxPro	0.0 pips

Reviewed by the Low Spread Brokers team · 20 Oct 2026

Editorial policy Read the full methodology

Risk warning:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

Low Spread Brokers does not give personal investment advice.

Advertiser disclosure How we rank brokers

FAQ

IG vs Pepperstone: questions traders ask

Answers use the brokers’ published terms collected up to 19 Oct 2026. Terms change: check the broker’s own page before you trade.

Ask a question

We cannot give personal investment advice.

1Is IG or Pepperstone cheaper for forex?

On commission-free accounts IG publishes EUR/USD from 0.6 pips and Pepperstone from 1.0 pips, so IG is cheaper at the minimum. On Pepperstone Razor the spread starts at 0.0 pips and you pay GBP 2.25 per lot per side on a GBP account. Compare spread plus commission on the pair you trade; overnight swaps are not in our data for either broker.