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Pepperstone vs IC Markets
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Compare Pepperstone Vs IC Markets Side by Side
Choosing between Pepperstone and IC Markets to find the better broker that aligns with your trading strategy? We’ve conducted a comprehensive comparison of Pepperstone Review and IC Markets Review to assist you in your decision. Our review analyzes critical factors such as safety protocols, licensure, trading conditions, associated fees, the platforms available for trading, the range of instruments accessible, as well as deposit and withdrawal terms. We’ve delineated all vital details side by side to facilitate an informed choice.
Summary
| Feature | Pepperstone | IC Markets |
|---|---|---|
| Website | //www.pepperstone.com | //www.icmarkets.com |
| Founded year | 2010 | 2007 |
| Headquarter | Australia | Australia |
| Licenses | Australia, UK, Cyprus, Bahamas, Kenya, Germany, UAE | Australia, Cyprus, Seychelles |
| Minimum Deposit | 200 US$ | 200 US$ |
| Trading Platforms | MT4, MT5, cTrader, TradingView | cTrader, MT4, MT5 |
| Eurusd avg Spread | 0.77 pips | 1 pip |
Licenses
| Feature | Pepperstone | IC Markets |
|---|---|---|
| Licenses Countries Info (short) |
|
|
Both Pepperstone vs IC Markets Brokers are overseen by renowned regulatory authorities in Australia, and hold EU licenses, further establishing international entities to accommodate traders globally. Moreover, Pepperstone takes a step further by possessing licenses from the UK and Germany — jurisdictions regarded as Tier-1 regulators known for enforcing stringent codes of conduct. (Read Why Trade with UK FCA Regulated Brokers)
Broker Types
| Feature | Pepperstone | IC Markets |
|---|---|---|
| Broker types |
|
|
Both Pepperstone vs IC Markets are ECN Brokers offering direct access to the interbank market, which ensures a more competitive and transparent trading environment.
Trading Conditions
| Feature | Pepperstone | IC Markets |
|---|---|---|
| Trading Conditions |
|
|
Pepperstone vs IC Markets both cater to new traders, supporting strategies like copy trading, hedging, and scalping. IC Markets offers variable spreads with no commissions, whereas Pepperstone provides both variable and fixed spreads, incorporating both spreads and commissions in their fee structure. Additionally, Pepperstone offers guaranteed stop-loss options, adding an extra layer of risk management.
Fees & Commissions
| Fees & Commissions | Pepperstone | IC Markets |
|---|---|---|
| Inactivity Feemonth | 0 $ | 0 $ |
| Deposit fee | 0 $ | 0 $ |
| Withdrawal fee | 0 $ | 0 $ |
| Rollover fee eurusd buy 1 lot | -0.693 | -0.62 |
| Rollover fee eurusd sell 1 lot | 0.301 | 0.41 |
| Avg Eurusd standard acc | 0.77 pips | 1 pips |
| Gold | 0.13 | 1 |
| Brent oil | 2.3 pips | 5 pip |
| Bitcoin | 31.39 | 42.036 |
Both Pepperstone vs IC Markets have pretty low fees, including deposit, withdrawal, and inactivity fees with 0$ commission. Both brokers offer low spreads, for example, EURUSD spreads are lower than the industry’s average which is 1.2 pips based on our research.
Account Types
| Feature | Pepperstone | IC Markets |
|---|---|---|
| Account types |
|
|
Both Pepperstone vs IC Markets offer Standard Accounts. Additionally, they offer an Islamic Account for traders following Sharia laws with suited conditions and applicable laws available.
Markets & Instruments
| Markets & Instruments | Pepperstone | IC Markets |
|---|---|---|
| Forex | 60+ | 60 |
| Indices | 14 | 23 |
| Commodities | 9 | 19 |
| Cryptocurrencies | 9 | 10 |
| Shares | 64 | 120+ |
| Bonds | ❌ | 9+ |
| Options | ❌ | ❌ |
| Binary options | ❌ | ❌ |
| Spread betting | 60+ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | 4 |
| Etfs | 100+ | ❌ |
The markets offered by Pepperstone and IC Markets are mostly similar, with Pepperstone notably offering spread betting to UK clients. Both brokers have a limited range of trading instruments.
Trading Platforms
| Feature | Pepperstone | IC Markets |
|---|---|---|
| Platforms |
|
|
Both Pepperstone and IC Markets support the MT4 and MT5 platforms, along with cTrader for technically advanced traders. However, neither broker provides a proprietary platform.
Deposit & Withdrawal Methods
| Feature | Pepperstone | IC Markets |
|---|---|---|
| Payment methods |
|
|
Pepperstone vs IC Markets both facilitate payments through bank transfers, debit/credit cards, and several well-known e-wallets. Nonetheless, IC Markets offers a slightly wider selection of e-wallet options compared to Pepperstone.
Others
| Feature | Pepperstone | IC Ma |
|---|---|---|
| Others |
|
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Others
Both Pepperstone vs IC Markets offer high-quality customer support that meets traders’ needs through live chats, phone support, and email responses. IC Markets stands out with a more robust educational section and is the go-to choice for automated trading solutions. On the other hand, Pepperstone attracts clients with its volume-based rebate program.
Conclusion on IC Markets vs Pepperstone
Concluding the Pepperstone vs IC Markets comparison we found both brokers reliable and trustable with solid regulation and background. Both brokers provide various trading conditions, similar fees, and a good choice of trading platforms. However, IC Markets give an advantge for new traders due to its rich selection of educational materials. Here is our final recommendation:
- Pepperstone — 🥇Best cTrader Broker for an optimized trading experience and Best Auto Trading Broker
- IC Markets — 🥇 Best for Beginner Traders with an extensive range of trading education and an easy-to-use platform.
