How do Pepperstone and IG compare on spreads and commission?
Key takeaways
- Minimum spreads, IG vs Pepperstone spread bets: EUR/USD 0.6 vs 0.5; GBP/USD 0.9 vs 0.8; USD/JPY 0.7 vs 0.7.
- Indices: Germany 40 IG 1.4 vs Pepperstone 0.9; FTSE 100 IG 1 minimum; S&P 500 IG 0.4–0.5 vs Pepperstone average 0.4.
- Overnight funding admin: IG 1.5% on FX and 3.4% on other assets; Pepperstone 2.5% on indices and shares.
- Guaranteed stops: IG yes, premium only if triggered; Pepperstone no.
- Platforms: IG adds ProRealTime and L2 Dealer; Pepperstone adds cTrader.
How do the two price lists compare line by line?
From IG's UK charges page and Pepperstone's UK cost page and EU price list, read on 21 October. IG's figures are minimum spreads for spread bets and CFDs; Pepperstone's are spread-bet minimums for FX and its published index and commodity figures. Both firms' spreads widen in fast markets.
| Market | IG minimum | Pepperstone | Lower published figure |
|---|---|---|---|
| EUR/USD | 0.6 | 0.5 spread bet; 0.0 + commission Razor | Pepperstone |
| GBP/USD | 0.9 | 0.8 spread bet | Pepperstone |
| USD/JPY | 0.7 | 0.7 spread bet | tie |
| Germany 40 | 1.4 | 0.9 (fixed, normal conditions) | Pepperstone |
| Spot gold | 0.3 | 0.08 Razor + commission; 0.1 spread bet | Pepperstone |
| Brent crude | 2.8 | 2.2 minimum (EU price list) | Pepperstone |
| Index funding admin | 3.4% a year | 2.5% a year | Pepperstone |
| Guaranteed stops | yes | no | IG |
Is Pepperstone or CMC Markets better for beginners in the UK?
We did not collect CMC Markets' price list for this comparison. For a beginner, Pepperstone offers a £10 minimum deposit, a Standard account with all costs in the spread and no inactivity fees, but no guaranteed stops; if a fixed worst case matters, use a provider that offers them.
Is Pepperstone or IG better for spread betting in the UK?
On published minimums, Pepperstone is tighter on EUR/USD and GBP/USD and equal on USD/JPY; IG offers guaranteed stops, ProRealTime and a very wide market list. Pepperstone lets you spread bet on cTrader and TradingView as well as MetaTrader.
Should I use Pepperstone or CMC Markets for CFD trading?
Choose Pepperstone if raw pricing (Razor from 0.0 plus £2.25 per side), cTrader and no inactivity fees matter most. CMC Markets UK plc (FCA 173730) runs its own platform; compare its cost page line by line with ours.
Pepperstone or CMC Markets, which has lower overall trading costs?
We cannot answer with numbers we have not verified for CMC Markets. Pepperstone's all-in EUR/USD round turn starts at £4.50 per lot on Razor; set CMC's published spread and any commission against that for your own trade sizes.
Is Pepperstone cheaper than City Index for forex trading?
City Index is now run by StoneX Financial Ltd (FCA 446717). We did not collect its forex price list for this page; Pepperstone's spread-bet minimums (EUR/USD 0.5, GBP/USD 0.8) and Razor pricing are the figures to compare against.
How does Pepperstone compare to Spreadex for UK spread betting?
Spreadex is an FCA-authorised UK spread-betting firm whose site reports 61% of retail accounts losing money, against Pepperstone's 73.6%. Pepperstone offers spread betting on MT4, MT5, cTrader and TradingView; compare Spreadex's published spreads on your markets.
Pepperstone or Trading 212, which is better for active traders?
For active CFD and spread-bet trading, Pepperstone: raw pricing, cTrader and spread betting. Trading 212 UK (FCA 609146) is best known for investing in shares and ETFs; check its CFD terms against these if you trade actively.
Is Pepperstone better than eToro for forex and CFD trading?
For self-directed forex and CFD trading, Pepperstone, with raw spreads and MetaTrader, cTrader and TradingView. eToro (UK) Ltd (FCA 583263) is built around social and copy trading on its own platform.
Pepperstone or Plus500, which is better for trading indices?
Pepperstone publishes index spreads and a 2.5% financing charge, and offers spread bets and five platforms. Plus500UK (FRN 509909) offers CFDs only, on its own platform, and reports 76% of retail accounts losing money.
Which broker has tighter gold spreads, Pepperstone or IG?
Pepperstone on published minimums: spot gold from 0.08 on Razor (plus commission) and from 0.1 on spread bets, against IG's 0.3. IG offers guaranteed stops on gold, which Pepperstone does not.
Pepperstone or IG for MetaTrader trading in the UK?
Both offer MT4 and MT5 for spread bets and CFDs, and IG states its MT4 spreads match its other platforms. Pepperstone's MT4/MT5 minimums are tighter on the FX pairs we compared, and it adds Smart Trader tools.
Which is better for scalping, Pepperstone or City Index?
Pepperstone, on what we could verify: Razor raw pricing and cTrader at $6 round turn are built for scalping. We did not verify City Index's raw-account terms for this page.
Pepperstone or IG on execution speed and slippage, which is better?
Both publish execution information; Pepperstone cites a 99.32% fill rate with no dealing-desk intervention. Slippage depends on market conditions and order type, so compare both on demo at the same release.
Which offers better value for high volume traders, Pepperstone or CMC Markets?
Pepperstone offers raw pricing plus an active-trader programme with rebates on qualifying volume. We did not verify CMC Markets' volume terms; ask both for their rebate schedules in writing.
Risk warning and disclosure
Prices are those each firm published on 21 October and change; verify on the firms' own sites, and where we say we did not verify a figure, do not assume it.
This page is information, not personal advice or tax advice. Spread bets and CFDs are leveraged; most retail accounts lose money, and past results say nothing about future ones. Spread figures are the minimums or averages the providers publish and widen in fast markets.
Disclosure: eccrypto.com earns a commission when you open an account through some links. That does not change our cost arithmetic, explained in our methodology.
Read next
We earn a commission on some links. It never changes the ranking — our method is published and the data is sourced.
Crypto is volatile and largely unregulated. CFDs are leveraged and most retail accounts lose money. Never risk money you cannot afford to lose.
Information only. This is not investment advice.