Pepperstone vs IC Markets Comparison

IC Markets and Pepperstone are both Australian forex brokers offering market-leading CFDs spreads from just 0.0 pips with a $3.50 commissions and leverage of 500:1 with Pepperstone having award-winning customer service while IC Markets has a higher review score of 90% from 1,055 past and present CFDs customers.

View the review of Pepperstone or full review of IC Markets as well as the full Pepperstone vs IC Markets comparison below.

By Justin Grossbard / Updated: Tuesday, February 18th, 2020

Pepperstone vs IC Markets

Broker Reviewed

Pepperstone
IC Markets

Regulations and Licenses

Feature
Pepperstone
IC Markets
ASIC (Australia)
FCA (UK)
MAS (Singapore)
CFTC (U.S.A)
FSCA (South Africa)
Pending
FINMA (Switzerland)
CYSEC (Cypus)
IIROC (Canada)
FMA (New Zealand)

Brokerage

Feature
Pepperstone
IC Markets
No Commission Account Spreads From (EUR/USD):
1.0
1.0
Commission Account Spreads From (EUR/USD):
0.0
0.0
Commission (per 100k traded side trip)
AUD $3.50
USD $3.50
Minimum Deposit
$200
USD $200
Volume Commission Rebates
Has Islamic Account
No Inactivity Fees
Funding Methods
16
15
No Deposit/Withdrawal Fees

Markets and Instruments

Feature
Pepperstone
IC Markets
Forex Currency Pairs CFDs
66+
65+
Cryptocurrency CFDs
4+
10+
Index CFDs
2+
16+
Share CFDs
5+
100+
Commodities CFD
4+
19+
Stockbroking
Retail Maximum Leverage
500:1
500:1
Professional Maximum Leverage
500:1
500:1

Trading Platforms + Tools

Feature
Pepperstone
IC Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automatic / Robot Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss Order
Guaranteed Negative Balance Protection
ESMA regulated territories only
ESMA regulated territories only
Demo Account
Unique Feature 1
Smart Trader Tools
ECN pricing
Unique Feature 2
Fast Execution Speed
Range of fee free funding options

Overall

Pepperstone
IC Markets

Overall Winner

Both IC Markets and Pepperstone offer a very similar range of features. Both offer MetaTrader 4, MetaTrader 5 and cTrader with advanced traders tools. IC Markets has slightly lower spreads while Pepperstone has lower commissions, especially for high volume traders. With Pepperstone having superior customer service, regulation (ASIC and FCA) and advanced risk management tools, Pepperstone is the best forex broker based on this IC Markets vs Pepperstone comparison.

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