Your capital is at risk. Trade only with funds you can afford to lose.
Interactive Brokers
Doesn't accept traders from Afghanistan. See available CFD brokers
Not available in your countryRead Interactive Brokers review
Rating breakdown
- Regulation & trust4.50.1 lower than Pepperstone (4.6)
- Assets & markets4.70.1 higher than Pepperstone (4.6)
- Fees & costs4.30.2 lower than Pepperstone (4.5)
- Platforms & tools3.31.5 lower than Pepperstone (4.8)
- Accounts & banking3.50.5 lower than Pepperstone (4.0)
- Education4.30.3 higher than Pepperstone (4.0)
- Research4.40.1 higher than Pepperstone (4.3)
- Customer support3.01.6 lower than Pepperstone (4.6)
Pepperstone’s score. Numbers show the difference.
Pepperstone
#4 in our CFD broker rankings
Accepts traders from Afghanistan
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 73-89% of retail investor accounts lose money when trading CFDs.
Rating breakdown
- Regulation & trust4.60.1 higher than Interactive Brokers (4.5)
- Assets & markets4.60.1 lower than Interactive Brokers (4.7)
- Fees & costs4.50.2 higher than Interactive Brokers (4.3)
- Platforms & tools4.81.5 higher than Interactive Brokers (3.3)
- Accounts & banking4.00.5 higher than Interactive Brokers (3.5)
- Education4.00.3 lower than Interactive Brokers (4.3)
- Research4.30.1 lower than Interactive Brokers (4.4)
- Customer support4.61.6 higher than Interactive Brokers (3.0)
Interactive Brokers’s score. Numbers show the difference.
| Interactive Brokers | Pepperstone | |
|---|---|---|
| Overview | Interactive Brokers (IBKR) is a premier brokerage, providing access to over 170 markets across 40 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe. | Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 830,000 clients worldwide. It offers access to 1,400+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, helping to ensure a secure environment for day traders at all levels. |
| Customer Reviews | Based on 4 customer reviews | Based on 10 customer reviews |
| Trustpilot Score | ||
| Comment by Reviewer | “Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry.” | “Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/5 support (18h a day on weekends).” |
| Pros |
|
|
| Cons |
|
|
| Awards |
|
|
| Instruments | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs | CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs, Spread Betting |
| Demo Account | Yes | Yes |
| Minimum Deposit | $0 | $0 |
| Trading Platforms |
|
|
| Payment Methods | ||
| Minimum Trade | $1 | 0.01 Lots |
| Regulator | SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS | FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya |
| Margin Trading | Yes | Yes |
| Margin Rate | 5.5% - 6.13% (depending on account tier) | – |
| STP Account | Yes | Yes |
| ECN Account | No | Yes |
| DMA Account | Yes | Yes |
| MAM Account | Yes | Yes |
| PAMM Account | No | Yes |
| LAMM Account | No | No |
| Demat Account | Yes | No |
| AI / Machine Learning | Yes | No |
| Robo Advisor | Yes | No |
| Negative Balance Protection | Yes | Yes |
| Market Maker | No | No |
| P2P Trading | No | No |
| Spot Trading | Yes | Yes |
| Mobile Apps | iOS & Android | iOS & Android |
| App Review | The IBKR Mobile app, available on both iOS and Android devices, makes your phone a powerful gateway to your IBKR accounts, offering you the freedom to keep an eye on portfolios, initiate trades, and dive into real-time quotes and charts, all while managing your account activities on the fly. This app stands out for its intuitive design, making it especially welcoming for those just starting their trading journey, providing a smoother and more accessible experience than the more complex TWS platform. | Pepperstone excels for its excellent integration with the MT4, MT5, cTrader, and TradingView apps, making it a standout option for day traders familiar with these leading third-party trading solutions. These platforms deliver a stable and reliable mobile trading experience, enhanced by Pepperstone's almost unrivalled execution speeds and wide range of asset classes. Recent improvements also helped it secure second place in DayTrading.com's annual 'Best Trading App' award for 2025. |
| Android App Rating | ||
| iOS App Rating | ||
| Auto Trading | TWS API | Expert Advisors (EAs) on MetaTrader, cBots on cTrader |
| Copy Trading | No | Yes |
| Copy Trading Platform | – | Pepperstone facilitates the replication of experienced traders' strategies through MetaTrader Signals, DupliTrade and now its own copy trading app (available in certain regions) through a partnership with Pelican Trading, providing access to thousands of experienced traders and personalized risk parameters. On the downside, it lacks support for cTrader Copy which may deter users familiar with the terminal from Spotware. |
| Social Trading | No | No |
| Trade Signals | – | Yes |
| VPS Hosting | No | No |
| Tournaments | No | No |
| Demo Competitions | No | No |
| Ethical Investing | Yes | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $0 | $0 |
| Islamic Account | No | Yes |
| Account Currencies |
|
|
| Stock Exchanges |
|
|
| Commodities | ||
| CFD Trading | ||
| Overview | Over 8,000 CFDs are offered on a vast array of instruments, encompassing stocks, indices, forex, and commodities. Moreover, the TWS platform lends itself to seasoned day traders, offering a comprehensive selection of over 100 order types and algorithms, alongside premium market data sourced from reputable sources such as Reuters and Dow Jones. | Pepperstone maintains its position as one of the fastest and most dependable CFD brokers during our latest round of testing. With execution speeds averaging around 30ms and an outstanding fill rate of 99.90%, the broker ensures a seamless trading experience without requotes or dealing desk interference. It also provides ample trading opportunities across over 1,300 assets. |
| Leverage | 1:50 | 1:30 (Retail - UK, EU, Australia), 1:500 (Pro), 1:200 (Offshore), 1:400 (Kenya) |
| FTSE Spread | 0.005% (£1 Min) | 1.0 |
| GBPUSD Spread | 0.08-0.20 bps x trade value | 0.4 |
| Oil Spread | 0.25-0.85 | 0.02 |
| Stocks Spread | 0.003 | 0.02 |
| Forex Trading | ||
| Overview | IBKR presents an extensive range of over 100 major, minor, and exotic forex pairs, surpassing the offerings of nearly all leading alternatives, though not CMC Markets. Forex trading occurs over multiple platforms and boasts institutional-grade spreads starting from 0.1 pips and over 100 complex order types, including brackets, scale, and one-cancels-all (OCA) orders. | Pepperstone offers ultra-competitive forex spreads averaging 0.12 pips on EUR/USD in the Razor account, accompanied by a diverse portfolio comprising 100+ currency pairs - an extensive selection surpassing most competitors. Additionally, Pepperstone distinguishes itself by offering three currency indices (USDX, EURX, JPYX), not commonly found among alternative platforms. Pepperstone has now won our annual 'Best Forex Broker' award twice. |
| GBPUSD Spread | 0.08-0.20 bps x trade value | 0.4 |
| EURUSD Spread | 0.08-0.20 bps x trade value | 0.1 |
| EURGBP Spread | 0.08-0.20 bps x trade value | 0.4 |
| Assets | 100+ | 100+ |
| Currency Indices | – |
|
| Cryptocurrency | ||
| Overview | IBKR lets you purchase and hold Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at competitive commission rates and without needing a crypto wallet. Additionally, there is a range of other diverse assets to explore, such as crypto indices like the NYSE Bitcoin Index, as well as futures contracts like the BAKKT Bitcoin Futures. | Pepperstone continues to prove itself as one of the most trusted crypto CFD brokers. Although its selection of digital tokens is average, you can trade popular cryptos like Bitcoin and altcoins like Ripple with up to 1:10 leverage, while its crypto indices provide a holistic view of the digital currency markets not found on most day trading platforms. It has also launched a dedicated crypto exchange in Australia - Pepperstone Crypto. |
| Spread | 0.12%-0.18% | 30 (BTC) |
| Coins |
|
|
| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
Not available in your countryRead Interactive Brokers review
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 73-89% of retail investor accounts lose money when trading CFDs.