IC Markets vs Pepperstone

IC Markets

Compare IC Markets vs Pepperstone Side by Side

Selecting between IC Markets vs Pepperstone and would like to see who is better Broker for your trading strategy? We made a detailed comparison between IC Markets and Pepperstone, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.

Summary

FeatureIC MarketsPepperstone
Website//www.icmarkets.com//www.pepperstone.com
Founded year20072010
HeadquarterAustraliaAustralia
LicensesAustralia, CyprusAustralia, UK, Cyprus, Bahamas
Minimum Deposit200 US$200 US$
Trading PlatformscTrader, MT4, MT5MT4, MT5, cTrader
Eurusd avg Spread1 pip0.2 pips

Licenses

FeatureIC MarketsPepperstone
Licenses Countries Info (short)
  • ASIC
  • CySEC
  • ASIC
  • CySEC
  • FCA
  • SCB

IC Markets vs Pepperstone Brokers both based and regulated in Australia and additionally hold Cyprus license. Pepperstone holds another top-tier license in the UK, which gives broker a slight advantage here, expanding its services to cover the needs of UK and European clients through local access.

Broker Types

FeatureIC MarketsPepperstone
Broker types
  • ECN
  • ECN

Both IC Markets vs Pepperstone Brokers are ECN Brokers offering high efficiency for automated trading and a variety of strategies suitable for both retail or institutional traders. However, it is important to note that ECN Brokers and technology indeed more suitable for experienced traders, professionals or those that operate bigger sizes.

Trading Conditions

FeatureIC MarketsPepperstone
Trading Conditions
  • low spread
  • tight spread
  • expert advisor
  • hedging
  • scalping
  • beginners
  • low spread
  • expert advisor
  • hedging
  • scalping
  • social trading

IC Markets vs Pepperstone provides relatively similar trading conditions offering low spreads to its traders and giving them opportunities to use different trading strategies such as hedging and scalping. However, Pepperstone with its social trading offer gets the primacy here.

Fees & Commissions

FeatureIC MarketsPepperstone
Inactivity Feemonth0 $0 $
Deposit fee0 $0 $
Withdrawal fee0 $0 $
Rollover fee eurusd buy 1 lot-3.95-0.399
Rollover fee eurusd sell 1 lot0.250.024
Avg Eurusd standard acc1 pips0.2 pips
Gold1 1.4
Brent oil5 pip8 pips
Bitcoin42.036$10

Trading costs for IC Markets vs Pepperstone are very similar, as both brokers do not charge any inactivity and deposit/withdrawal fees, making them more attractive for traders. As to the spreads, Pepperstone has a slight advantage here for offering some of the lowest spreads in the industry.

Account Types

FeatureIC MarketsPepperstone
Account types
  • Standard Account
  • Islamic Account
  • Swap Free Account
  • Standard Account
  • Islamic Account
  • Swap Free Account

Both IC Markets vs Pepperstone offer Standard. Also, traders following Sharia rules may sign for a SWAP Free Account or Islamic account, which allows traders to open long-term positions.

Markets & Instruments

FeatureIC MarketsPepperstone
Forex6060+
Indices2314
Commodities199
Cryptocurrencies109
Shares120+64
Bonds6‚ĚĆ
Options‚ĚĆ‚ĚĆ
Binary options‚ĚĆ‚ĚĆ
Spread betting‚ĚĆ‚ĚĆ
Treasuries‚ĚĆ‚ĚĆ
Futures‚ĚĆ‚ĚĆ
Etfs‚ĚĆ100+

Trading instruments offered by both IC Markets vs Pepperstone are various, but also quite similar. There are a couple of differences, that IC Markets additionally offers Bonds, while Pepperstone has ETFs in its instruments portfolio.

Trading Platforms

FeatureIC MarketsPepperstone
Platforms
  • MetaTrader 4
  • MetaTrader 5
  • cTraders
  • MetaTrader 4
  • MetaTrader 5
  • cTraders

Should we say that IC Markets vs Pepperstone Trading Platforms offers are identical? Both brokers offer advanced software proposals. While Pepperstone has whole 11 platforms to offer, they are all still run on either cTrader, MT4 or MT5. These are some of the best trading platforms available in the market today, hence IC Markets and Pepperstone have both options in their direct access to provided ECN trading environment.

Deposit & Withdrawal Methods

FeatureIC MarketsPepperstone
Payment methods
  • credit card
  • debit card
  • neteller
  • PayPal
  • skrill
  • Fasapay
  • QIWI
  • webmoney
  • credit card
  • debit card
  • neteller
  • skrill
  • BPay

IC Markets Payment Methods are much better presented with a variety of e-walltes, while Pepperstone supporting only Cards, Bank Transfers and a couple of e-wallets. Both brokers provide fast money transfers and charges no additional fees for deposits or withdrawals.

Others

FeatureIC MarketsPepperstone
Others
  • Webinar
  • Video Tutorial
  • telephone
  • live chat
  • 24/7 availability
  • Webinar
  • Video Tutorial
  • live chat
  • 24/7 availability

Both IC Markets vs Pepperstone understand the necessity of good quality customer service and support and take client satisfaction quite a priority and keep it at a professional level. Both brokers provide great learning material, both are on a very good level with excellent support, diverse education tools and section with videos, Webinars and support.

Conclusion on IC Markets vs Pepperstone

Concluding IC Markets vs Pepperstone comparison we found both brokers deliver reliable trading solutions¬†with solid international offers. The offers of these brokers are quite similar, providing similar trading conditions and fees, the same set of the account types and trading platforms. However, Pepperstone’s social trading option and low spreads give an advantage to its trades and to the broker itself.¬†Here is our final recommendation:

  • IC Markets ‚Äď ūü•áBest Broker for Raw Spread Trading offering¬†some of the lowest possible spreads available
  • Pepperstone‚Äď ūü•áBest Broker for Scalping bringing in small, regular profits and giving benefit from lower risk per trade.