IC Markets vs Pepperstone
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
| Feature | IC Markets | Pepperstone |
|---|---|---|
| Website | //www.icmarkets.com | //www.pepperstone.com |
| Founded year | 2007 | 2010 |
| Headquarter | Australia | Australia |
| Licenses | Australia, Cyprus, Seychelles | Australia, UK, Cyprus, Bahamas, Kenya, Germany, UAE |
| Minimum Deposit | 200 US$ | 200 US$ |
| Trading Platforms | cTrader, MT4, MT5 | MT4, MT5, cTrader, TradingView |
| Eurusd avg Spread | 1 pip | 0.77 pips |
Licenses
| Feature | IC Markets | Pepperstone |
|---|---|---|
| Licenses Countries Info (short) |
|
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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
| Feature | IC Markets | Pepperstone |
|---|---|---|
| Broker types |
|
|
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
| Feature | IC Markets | Pepperstone |
|---|---|---|
| Trading Conditions |
|
|
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
| Fees & Commissions | IC Markets | Pepperstone |
|---|---|---|
| Inactivity Feemonth | 0 $ | 0 $ |
| Deposit fee | 0 $ | 0 $ |
| Withdrawal fee | 0 $ | 0 $ |
| Rollover fee eurusd buy 1 lot | -0.62 | -0.693 |
| Rollover fee eurusd sell 1 lot | 0.41 | 0.301 |
| Avg Eurusd standard acc | 1 pips | 0.77 pips |
| Gold | 1 | 0.13 |
| Brent oil | 5 pip | 2.3 pips |
| Bitcoin | 42.036 | 31.39 |
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
| Feature | IC Markets | Pepperstone |
|---|---|---|
| Account types |
|
|
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
| Markets & Instruments | IC Markets | Pepperstone |
|---|---|---|
| Forex | 60 | 60+ |
| Indices | 23 | 14 |
| Commodities | 19 | 9 |
| Cryptocurrencies | 10 | 9 |
| Shares | 120+ | 64 |
| Bonds | 9+ | ❌ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | 60+ |
| Treasuries | ❌ | ❌ |
| Futures | 4 | ❌ |
| Etfs | ❌ | 100+ |
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
| Feature | IC Markets | Pepperstone |
|---|---|---|
| Platforms |
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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
| Feature | IC Markets | Pepperstone |
|---|---|---|
| Payment methods |
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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
| Feature | IC Markets | Pepperstone |
|---|---|---|
| Others |
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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 Pepperstone vs IC Markets
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 – 🥇Best Broker for Raw Spread Trading offering some of the lowest possible spreads available
- Pepperstone– 🥇Best Broker for Scalping bringing in small, regular profits and giving benefit from lower risk per trade.
