IG vs Pepperstone
Since 1 Dec 2001 the FCA, FRN 114059, has authorised IG INDEX LIMITED, which holds client money. Since 5 Aug 2015 the FCA, FRN 684312, has authorised Pepperstone Limited, which holds client money.
IG and Pepperstone side by side
Every figure comes from the broker, along with the date we checked it. Their sequence reflects the order people search in, not any preferred ranking.
| Fact | IG | Pepperstone |
|---|---|---|
| UK firm | IG INDEX LIMITED | Pepperstone Limited |
| FRN | 114059 | 684312 |
| Regulatory status | Authorised | Authorised |
| Authorised since | 1 Dec 2001 | 5 Aug 2015 |
| Clone firms on the register | 0 | 3 |
| Retail CFD accounts that lose money | 70%, read 2 Nov 2026 | 73.6%, read 2 Nov 2026 |
| EUR/USD spread as stated | 0.6 points (minimum, Spread betting) | 0 pips (minimum, Razor) |
| Smallest deposit | £250 | £10 |
| Inactivity fee | Free (as stated on spread betting/CFD charges tab) | no inactivity fee |
| Withdrawal fee | free | free (GBP 15 for a bank wire sent to an international bank account)) |
| Withdrawal time | Not stated | Up to 1 working day for cards, Apple Pay and Google Pay; bank transfers can take up to 7 working days |
| CFDs | Yes | Yes |
| Spread betting | Yes | Yes |
| Share dealing | Yes | Not stated |
| Retail leverage | up to 30x leverage on selected markets | major currency pairs 1:30; major indices and gold 1:20; other commodities 1:10; shares 1:5 |
| Platforms | MT4, MT5, TradingView, IG's online trading platform and mobile app (plus L2 Dealer, ProRealTime, and the tastytrade platform used for US options and futures)) | MT4, MT5, cTrader, TradingView, Pepperstone platform |
| Demo account | Yes | Yes |
| Negative balance protection | Yes | Yes |
| iPhone app rating, UK App Store | 4.58 of 5 (34,180 ratings) | 4.12 of 5 (92 ratings) |
Both firms match on FCA status and negative balance protection, and both offer CFDs, spread betting and a demo account.
Sources: ig.com/uk, read 2 Nov 2026; pepperstone.com/en-gb, read 2 Nov 2026; ig.com/uk/charges, read 2 Nov 2026. Also pepperstone.com/en-gb/trading/costs-and-fees, read 2 Nov 2026; ig.com/uk/about-us/international-offering, read 2 Nov 2026; pepperstone.com/en-gb/trading/funding-methods, read 2 Nov 2026; ig.com/uk/spread-betting, read 2 Nov 2026.
How the two loss rates stand against the wider field
The full risk warning from each broker
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. With this provider, 70% of retail investor accounts lose money on spread bets and CFDs. Consider whether you understand how spread bets work and how CFDs work, and whether taking on a high risk of losing your money is something you can afford.
These words are IG's own, taken from ig.com, read 2 Nov 2026.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. This provider has 73.6% of retail investor accounts losing money when they trade spread bets and CFDs. Consider whether you understand how spread bets work and how CFDs work, and whether taking on a high risk of losing your money is something you can afford.
These words are Pepperstone's own, taken from pepperstone.com, read 2 Nov 2026.