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IC Markets vs Pepperstone: Comparison and Analysis

Trying to figure out whether to use IC Markets or Pepperstone? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of IC Markets and Pepperstone side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
74-89% of retail CFD accounts lose money
IC Markets review
Open Account
74-89% of retail investor accounts lose money when trading CFDs
Pepperstone review

Overall Ratings


Rated
91
Rated
90

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • IC Markets
  • Pepperstone

Security 93
Security 94

Cost 85
Cost 78

Trading 100
Trading 100

Education 66
Education 71

Company Info


Foundation
2007
2010
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, ar, bul, chi(t/s), cro, cz, de, es, fr, po, ru, thai, ko, ind, viet, mal, it
en, ar, es, pol, ru, ko, viet, it, chi

Leverage


Non-EU Leverage ?
500:1
200:1
European Leverage ?
30:1
30:1
Australian Leverage ?
30:1
30:1
US Leverage ?
0
0
Canadian Leverage ?
0
0

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
IIROC ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
19551
399331
SimilarWeb - Total Visits
117889
416901
Facebook Likes
54458
66224
Twitter Likes
3276
1800000
Instagram Likes
14397
192258

Deposit and Withdrawal


Minimum Deposit ?
100 USD
Minimum Withdraw ?
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Bpay, Broker to Broker, FasaPay, Klarna, POLi, RapidPay, THAI Internet Banking, UnionPay, Vietnamese Internet Banking, Bitcoin Wallet
Bpay, POLi, UnionPay
Deposit Waiting Time ?
instant
1 business day
Withdraw Waiting Time ?
1 business day
1 business day
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
AUD, EUR, GBP, USD, CAD, CHF, HKD, JPY, NZD, SGD
AUD, EUR, GBP, USD, CAD, CHF, HKD, JPY, NZD, SGD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
0.010
0.5
Natural Gas ?
0.001
5.0
Silver ?
0.5
Platinum ?
Copper ?
Soybeans ?
1.35
Corn ?
0.6
Gold ?
0.5

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
0.1
0.09
USD/JPY Average Spread
0.2
0.19
USD/CHF Average Spread
0.5
0.35
GBP/USD Average Spread
0.4
0.38
USD/CAD Average Spread
0.5
0.27
AUD/USD Average Spread
0.2
0.17
NZD/USD Average Spread
0.4
0.32
EUR/GBP Average Spread
0.4
0.41

Fees on Stocks


Apple
Facebook
Alphabet
Snapchat
BP
Tesco
Barclays
Lloyds

Fees on Indices


FTSE100
1.0
1.05
S&P500
0.6
0.47
Dow Jones
2.0
Nasdaq
2.0
CAC40
1.0
DAX30
0.950
0.9
Nikkei 225
6.0
8.0
Euro Stoxx 50
2.0

Fees on Cryptocurrencies


Bitcoin
1
1
Ethereum
4.0
$4.0
Ripple
0.015
0
Litecoin
3.0
$3.0
Bitcoin Cash
5.0
$4.0
Dash
4.0
$3.0
Monero
0
0
Neo
0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, dan, de, ne, pol, afrk, chi
en, ar, es, po, ko, viet, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
63
70
Crypto ?
63
70
Commodities ?
21
15
Stocks ?
1650
61
Indices ?
25
14
ETF ?
Futures ?
4
Options ?
Bonds ?
7
Metal ?
7
5
Agricultural ?
6
5
Energies ?
5
5
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
0.01 lots
0.01 lots
Maximum Trade Size ?
100 lots
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
51
51
Number Chart Drawing Tools ?
31
31
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, ar, bul, chi(t/s), cro, cz, de, es, fr, po, ru, thai, ko, ind, viet, mal, it
en, ar, es, pol, ru, thai, ko, viet, it, chi

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

IC Markets vs Pepperstone: Which Broker is Right for You?

Are you looking for a reliable and trustworthy broker to trade with? IC Markets and Pepperstone are two of the most popular brokers in the market, but which one is the best for you? In this comparison article, we will take a closer look at the features of both brokers to help you make an informed decision.

Security and Regulations

When it comes to security and regulations, both IC Markets and Pepperstone are highly regulated and offer a safe trading environment. IC Markets is regulated by CySEC, ASIC, FSA, and SCB, while Pepperstone is regulated by FCA, ASIC, DFSA, CySEC, SCB, and CMA. Pepperstone has a slightly higher security rating of 94, compared to IC Markets’ rating of 93.

Demo Accounts

Both brokers offer demo accounts, which are a great way to test their platforms and trading conditions. Pepperstone’s demo account lasts for 30 days for MT4 and MT5 accounts, and is unlimited for cTrader accounts. The virtual funds provided are $50,000, and can be restored by contacting customer support. IC Markets’ demo account is unlimited, and traders can choose the amount of virtual funds they want (up to $5,000,000). The virtual funds can also be restored by contacting customer support.

Account Opening

Both brokers offer a range of account types, including standard accounts, professional accounts, and more. There is no minimum deposit required for either broker, but Pepperstone suggests a minimum deposit of $200. Both brokers offer over 10 base currencies, including USD, EUR, AUD, and GBP, to help traders avoid currency conversion fees. Payment methods include wire transfers, credit/debit cards, eWallets, and several local payment methods such as Union Pay in China and POLi in Australia.

Social-Copy Trading

Pepperstone offers copy-social trading through third-party platforms such as Duplitrade and Myfxbook, while IC Markets offers copy-social trading through ZuluTrade.

Markets

Pepperstone offers 70 forex pairs, 15 commodities, 14 indices, 70 crypto assets, and 60+ stocks. IC Markets offers 63 forex pairs, 21 commodities, 25 indices, 63 crypto assets, and over 1600 stocks. Both brokers offer CFD trading only, which makes them better options for short-term investing rather than long-term investing.

Trading Fees

Both brokers offer variable spreads, with Pepperstone’s spreads starting from 0 pip on forex (lower than the market average), and IC Markets’ spreads starting from 0 pip on forex as well. Both brokers charge commissions per lot traded, with Pepperstone’s commissions up to $7 per lot, and IC Markets’ commissions up to $7 per lot as well. Both brokers charge variable spreads on stocks. These low spreads and commissions make both brokers good options for scalping.

Platforms

Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as cTrader. All the platforms offered by both brokers allow traders to engage in algo trading, and both brokers offer VPS services. Neither broker offers proprietary platforms.

Education and Customer Care

Pepperstone offers a good range of educational material, but it’s mostly for beginner traders, so professional/advanced traders may not find that content useful other than Pepperstone webinars. IC Markets offers a wide range of educational material, including webinars and podcasts, for traders of all levels. Both brokers offer easy-to-contact customer care via email, telephone, and live chat, with over 12 languages available for Pepperstone and over 18 languages available for IC Markets. Pepperstone has won the “Best Customer Service in Europe” award in 2019.

Conclusion

In conclusion, both IC Markets and Pepperstone are great brokers with a lot to offer. Pepperstone has a slightly higher security rating and offers a wider range of markets, while IC Markets offers more stocks and a wider range of educational material. Both brokers offer low spreads and commissions, and a range of account types and payment methods. Ultimately, the choice between IC Markets and Pepperstone will depend on your individual needs and preferences.

Better Informed
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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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