Broker comparison
Pepperstone vs IG
Two brokers with FCA-authorised UK companies. Pepperstone focuses on raw pricing and platform choice; IG on spread betting, a long track record and its own platform.
Terms checked on 3 Nov 2026 against each broker's own website and legal documents
Founded
2010, Melbourne
1974, London
Minimum deposit
$0
No minimum by bank transfer at IG International; $50 by card
Raw pricing
Razor from 0.0 pips (average 0.1) + $3.50 per side on its own platform and TradingView, $3.00 on cTrader; check MT4/MT5 pricing
Forex Direct (DMA) with variable commission; check IG's charges page
Spread-only pricing
Standard from 1.0 pips (average 1.1), no commission
Spread bets and CFDs from 0.6 pips, no commission
Platforms
Pepperstone platform, MT4, MT5, cTrader, TradingView (Razor only)
IG platform and app, MT4, ProRealTime, L2 Dealer (UK)
Regulation
ASIC (AFSL 414530), FCA (FRN 684312), CySEC (388/20), SCB Bahamas (SIA-F217)
FCA (IG Markets Ltd FRN 195355, IG Index Ltd FRN 114059), ASIC (AFSL 515106), DFSA (F001780)
Which to choose
Pepperstone offers raw Razor pricing with a commission, plus cTrader and TradingView. IG's standard forex pricing is spread-only from 0.6 pips, with spread betting through IG Index Ltd and ProRealTime and L2 Dealer for UK clients.
Active traders comparing raw costs may lean to Pepperstone; UK traders who want spread betting with a listed, long-established provider may prefer IG.
Read the full Pepperstone review and IG review.
How we chose. These shortlists use published terms only: costs, minimum deposit, platforms and the regulator of the entity you would join. We have not ranked brokers on scores, and the order is not a recommendation for your circumstances. Read our methodology and affiliate disclosure.
CFDs and leveraged forex are complex and carry a high risk of losing money rapidly. Most retail accounts lose money. Only trade with money you can afford to lose.
Ready to compare the terms?
Put up to three brokers side by side: costs, platforms, leverage and award history.
FA
Written by the Forex Awards research desk
Guides are checked against current broker documents and regulator rules. Spotted something out of date? Tell us and we will re-check it.
Forex