Pepperstone vs IC Markets - Fees Review Included
Both Pepperstone and IC Markets are top-tier brokers offering low spreads, ECN trading, and strong regulation. IC Markets is preferred for lower fees and liquidity, while Pepperstone stands out for its fast execution and advanced charting tools. The best broker depends on your trading style and platform preference.
Which broker is better, Pepperstone or IC Markets? Our expert assessment conducted according to TU’s own methodology showed that Pepperstone is one of the top brokers in the financial market with the TU Overall Score of 8.01 out of 10. IC Markets is one of the top brokers in the financial market with the TU Overall Score of 8.33 out of 10. Find out more about TU Overall Score.
Pepperstone vs IC Markets - overall ranking
When looking at Pepperstone and IC Markets reviews, many traders appreciate both brokers for their strong regulatory standards, competitive spreads, and fast execution speeds. These qualities help both brokers stand out, but the choice comes down to what suits your trading approach.
Pepperstone vs IC Markets - Fees review included
A closer Pepperstone and IC Markets comparison highlights where they differ. Pepperstone is well-regarded for its advanced charting tools and smooth integration with TradingView, making it ideal for traders who need in-depth analysis. Meanwhile, IC Markets stands out for its lower spreads and broader range of instruments, which appeal to both new and experienced traders.
Choosing the best broker between Pepperstone and IC Markets comes down to your priorities. If you're focused on analysis tools and charting, Pepperstone might be the right fit. On the other hand, if tight spreads and comprehensive trading options are more important, IC Markets could be the better choice.
Pepperstone vs IC Markets - overall ranking
| Feature | Pepperstone | IC Markets |
|---|---|---|
|
Overall |
4.4 |
4.7 |
|
Regulation |
4.7 |
5 |
|
Fees |
4.7 |
4.9 |
|
Trading assets |
4.4 |
4.6 |
|
Investment instruments |
4.4 |
4.9 |
|
Platforms and charting tools |
4.8 |
4.4 |
|
Deposit and withdrawal |
4.5 |
4.6 |
|
Research |
3.9 |
4.3 |
|
Education |
4.1 |
4.4 |
|
Support |
4.3 |
4.6 |
|
Bonuses |
3.2 |
2.5 |
|
Open an account |
Pepperstone vs IC Markets: pros and cons
When comparing the pros and cons of IC Markets and Pepperstone, it’s evident that both brokers offer distinct advantages. IC Markets is well-regarded for its lower spreads and a broader selection of trading assets, which is ideal for cost-conscious active traders. Meanwhile, Pepperstone is known for its speedy execution and advanced tools like its integration with TradingView, which supports technical analysis.
Pepperstone
Pepperstone, founded in 2010 in Melbourne, Australia, was created by traders to overcome common brokerage issues such as high commissions and slow order execution. By focusing on technology and favorable trading conditions, it has attracted traders globally. The broker is regulated by ASIC, FCA, BaFin, CySEC, and others, ensuring the safety of client funds, which are held securely in aggregated accounts with major banks.
IC Markets
Similarly, IC Markets, established in 2007 in Sydney, Australia, has built a strong reputation for transparency and reliability. It operates under the Australian Financial Services License (AFSL) and is regulated by ASIC. The broker’s membership in the Australian Financial Complaints Authority (AFCA) ensures strict adherence to industry standards, giving traders peace of mind through robust protections and dispute resolution options.
A closer look at the IC Markets and Pepperstone pros and cons shows that both brokers cater to traders of all levels. While IC Markets appeals to those looking for tight spreads and diverse assets, Pepperstone stands out with its fast execution and powerful trading tools. The choice depends on your trading style and goals.
Pepperstone vs IC Markets: pros and cons
| Pros and cons | Pepperstone | IC Markets |
|---|---|---|
Overall pros |
|
|
Overall cons |
The company offer Crypto CFDs outside Africa and UK |
No Forex bonuses |
Pepperstone vs IC Markets: safety and regulation
Both Pepperstone and IC Markets are regulated brokers, holding Tier-1 licenses from leading financial authorities such as ASIC, FCA, and BaFin. This ensures that traders benefit from high levels of investor protection, strict compliance requirements, and regular audits. Choosing a regulated broker like Pepperstone or IC Markets means trading in a secure environment with transparent policies and safeguarded client funds.
Pepperstone vs IC Markets: safety and regulation
| Regulated By: | Pepperstone | IC Markets |
|---|---|---|
|
Max. regulation level |
Tier-1 |
Tier-1 |
|
Investor protection |
£85,000 €20,000 €100,000 (DE) |
£85,000 €20,000 €100,000 (DE) |
|
FCA UK regulation |
||
|
FINRA (U.S) |
||
|
BaFin (Germany) |
||
|
ASIC (Australia) |
||
|
CFTC (U.S) |
||
|
MAS |
||
|
FSCA SA |
||
|
BVI FSC |
||
|
VFSC |
||
|
FSA (Seychelles) |
Pepperstone vs IC Markets: trading conditions
When comparing trading conditions at Pepperstone and IC Markets, both brokers are known for their competitive leverage, wide range of assets, and multiple account types to suit different trading needs. While IC Markets offers more trading instruments, Pepperstone makes up for this with no minimum deposit, which is ideal for beginners.
Deciding on the Pepperstone or IC Markets platform depends on what traders prefer. Both brokers support MT4, MT5, and cTrader, but Pepperstone also includes TradingView, which has advanced charting tools that technical traders love.
When looking at the Pepperstone and IC Markets minimum deposit, the difference is significant. Pepperstone allows traders to start with $0, making it beginner-friendly, while IC Markets requires a $200 deposit, which is still competitive and provides access to excellent trading conditions.
Pepperstone vs IC Markets: trading conditions
| Trading conditions | Pepperstone | IC Markets |
|---|---|---|
|
Minimum deposit |
$0 |
$200 |
|
Trading platforms |
MT4, MobileTrading, WebTrader, cTrader, TradingView |
MT4, MT5, cTrader |
|
Max leverage (Futures) |
1-500 |
1-500 |
|
Supported markets |
Forex, CFDs on Stocks, Commodities, Metals and ETFs, Shares, Crypto |
Forex, futures, CFDs on indices, commodities, metals, stocks and bonds |
|
Trading assets |
1200+ |
2000+ |
|
Trading accounts |
Razor, Standard |
cTrader, Raw Spread, Standard |
|
Base account currencies |
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
USD, AUD, GBP, CHF, JPY, NZD, SGD, CAD, HKD, BTC |
Pepperstone vs IC Markets: fees
A conversion fee may apply when withdrawals and deposits are conducted in USD, as any other currency will need to be converted.
Both IC Markets and Pepperstone keep their fees low, which is great for cost-conscious traders. When looking at IC Markets and Pepperstone spreads, IC Markets is often preferred for its lower average spreads, which works well for scalpers. On the other hand, Pepperstone is a good choice for beginners because of its commission-free standard accounts and consistently tight spreads.
If you're comparing IC Markets and Pepperstone account options, traders have choices like ECN-style accounts, standard accounts, and cTrader setups. IC Markets provides a Raw Spread account aimed at low-cost trading, while Pepperstone offers its Razor account, known for fast execution and deep liquidity, making it a good fit for traders who trade frequently.
Pepperstone vs IC Markets: fees
| Fees | Pepperstone | IC Markets |
|---|---|---|
|
Standard acc. spread EUR/USD, min pips |
0,1 |
0,1 |
|
Standard acc. spread EUR/USD, max pips |
1,1 |
1,1 |
|
ECN commission |
3 |
3 |
|
ECN spread EUR/USD |
0,1 |
0,1 |
|
Deposit fee, % |
||
|
Withdrawal fee, % |
||
|
Withdrawal fee, USD |
||
|
Inactivity fee, $ |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Pepperstone vs IC Markets: trading assets
Pepperstone and IC Markets offer diverse options for traders, including a wide range of Forex, CFDs, and commodities. While IC Markets boasts a larger asset selection, Pepperstone is known for its ultra-low spreads and fast execution speeds, making it a top choice for active traders who focus on cost and speed. Looking into Pepperstone and IC Markets trading tools helps traders see which broker aligns with their goals.
For those trading Forex, Pepperstone and IC Markets both provide access to major, minor, and exotic currency pairs. IC Markets is known for offering deep liquidity and affordable ECN accounts, while Pepperstone shines with its lightning-fast execution and advanced trading platforms. For traders exploring Forex trading Pepperstone and IC Markets, both brokers make trading in global currency markets accessible and efficient.
Pepperstone vs IC Markets: trading assets
| Asset name | Pepperstone | IC Markets |
|---|---|---|
Overall |
1200+ |
2000+ trading assets |
Forex |
||
Stocks |
(CFD) |
(CFD) |
Metals |
(CFD) |
(CFD) |
Cryptocurrencies |
(CFD) |
|
Energy |
(CFD) |
(CFD) |
Indices |
(CFD) |
(CFD) |
ETFs |
(CFD) |
(CFD) |
Bonds |
(CFD) |
|
Mutual funds |
||
Stock options |
||
Futures trading |
(CFD) |
|
Binary options |
Pepperstone or IC Markets: investment programs
Both IC Markets and Pepperstone investment programs provide traders with tools to diversify their trading strategies. Copy trading is available on both platforms, allowing users to follow professional traders and automate their strategies. However, IC Markets offers MAM/PAMM accounts, which can be beneficial for money managers handling multiple clients.
When comparing IC Markets vs. Pepperstone programs, traders should consider their investment approach. Pepperstone is well-suited for traders looking for advanced charting tools and manual strategies, while IC Markets provides structured investment options like MAM accounts, which appeal to investors seeking professional management of their funds.
Pepperstone or IC Markets: investment programs
| Investment programs | Pepperstone | IC Markets |
|---|---|---|
|
Copy trading |
||
|
MAM/PAMM |
||
|
Managed accounts |
||
|
Other |
Trading platforms: IC Markets or Pepperstone
Both the Pepperstone and IC Markets platforms are built for traders with varying needs. They provide access to popular trading terminals such as MT4, MT5, and cTrader, offering flexibility and powerful tools for trading. While IC Markets includes its proprietary trading terminal for added customization, Pepperstone stands out with its TradingView integration, which enhances technical analysis capabilities.
When looking at Pepperstone and IC Markets trading, many traders pay attention to speed and reliability. Pepperstone is ideal for those who depend on advanced charting tools, thanks to its TradingView integration. Meanwhile, IC Markets is perfect for scalpers and traders with high-frequency strategies, offering deep liquidity and tight spreads.
Trading platforms: IC Markets or Pepperstone
| Trading platforms | Pepperstone | IC Markets |
|---|---|---|
|
MT4 |
||
|
MT5 |
||
|
cTrader |
||
|
Appropriate platform |
IC Markets terminal |
|
|
Others |
TradingView |
Pepperstone vs IC Markets: deposit and withdrawal methods
One of the key differences between Pepperstone and IC Markets is in how much they require for a minimum deposit. Pepperstone allows traders to start with $0, which is great for beginners. On the other hand, IC Markets asks for a $200 minimum deposit, which could be a factor for traders trying out the platform with limited capital.
For those comparing the Pepperstone and IC Markets withdrawal processes, both brokers offer several options, including bank transfers, credit cards, and e-wallets, so traders can withdraw their funds easily. Neither broker charges withdrawal fees, but it’s important to keep bank fees in mind, especially for large withdrawals.
Pepperstone vs IC Markets: deposit and withdrawal methods
| Deposit and withdrawal method | Pepperstone | IC Markets |
|---|---|---|
|
Bank wire |
||
|
Bank card |
||
|
Neteller |
||
|
BTC |
||
|
Wise |
||
|
Payoneer |
||
|
USDT |
Pepperstone vs IC Markets: research
Both Pepperstone and IC Markets research types cover essential aspects of market analysis, catering to both fundamental and technical traders. Pepperstone provides extensive chart analysis tools and trading ideas, making it ideal for traders relying on in-depth technical strategies. Meanwhile, IC Markets offers a strong news feed and fundamental data reports, which are particularly useful for traders who incorporate macroeconomic trends into their decision-making.
Pepperstone vs IC Markets: research
| Research type | Pepperstone | IC Markets |
|---|---|---|
News feed |
||
Fundamental data |
||
Chart analysis |
||
Trading ideas |
||
E-Mail reports |
Pepperstone vs IC Markets: education
Both Pepperstone and IC Markets focus on educating traders, offering tools to help traders learn more about the market. For structured learning, Pepperstone and IC Markets education includes webinars, video tutorials, and in-depth trading guides. While Pepperstone emphasizes interactive webinars and step-by-step courses, IC Markets supports traders with a library of articles and real-time market analysis to stay updated on trends.
For those new to trading, Pepperstone and IC Markets for beginners provide essential resources like demo accounts and beginner-friendly tutorials. These tools help traders get familiar with market dynamics before using real funds. Pepperstone’s simple yet comprehensive educational approach, combined with advanced trading tools, is a great fit for traders starting out. Meanwhile, IC Markets offers a solid selection of resources, making it suitable for both beginners and experienced traders.
Pepperstone vs IC Markets: education
| Education type | Pepperstone | IC Markets |
|---|---|---|
Demo-account/Paper trading |
||
Webinars |
||
Articles |
||
Videos |
||
Cent account |
IC Markets vs Pepperstone: support
Both IC Markets and Pepperstone offer reliable customer care, being available 24/5 via phone, email, and live chat. Their multilingual teams help traders worldwide get quick answers and resolve issues efficiently.
For those who need immediate help, the IC Markets and Pepperstone live chat tools are particularly helpful. These instant messaging options allow traders to quickly fix technical problems, understand trading conditions, or resolve account questions without the delays of email or phone support.
Overall, the IC Markets and Pepperstone support systems make the experience smooth for all traders. Their focus on fast problem-solving and easy communication ensures traders get the help they need when they need it.
IC Markets vs Pepperstone: support
| Support features | Pepperstone | IC Markets |
|---|---|---|
|
Working days |
24/5 |
24/5 |
|
|
||
|
Phone |
||
|
Online chat |
||
|
Other |
Pepperstone vs IC Markets: Forex bonuses and promo
Both Pepperstone and IC Markets offers focus on trading benefits rather than traditional deposit bonuses, making them appealing for professional traders who prioritize low-cost trading conditions. Pepperstone’s active trader program provides daily rebates, helping high-volume traders reduce their costs over time.
While there is no direct IC Markets and Pepperstone bonus, traders can still benefit from their affiliate and cashback programs. IC Markets rewards affiliates based on trading commissions, whereas Pepperstone provides fixed payments per referred client, making it a strong option for those looking to earn passive income through referrals.
Pepperstone vs IC Markets: Forex bonuses and promo
| Promo | Pepperstone | IC Markets |
|---|---|---|
|
Forex bonus |
Not offered |
|
|
Affiliate program |
For each attracted client under the terms of the program, the affiliate has the opportunity to receive up to USD 400 |
% of trading commissions |
|
Other promos |
Active trader program - Members of the program are paid a daily rebate, which allows them to offset part of their costs. The amount of the rebate depends on the number of trades performed by the trader per month. The rebate for one currency lot is 15%. What’s more, active traders get priority support and free VPS hosting. |
Conclusion
Both Pepperstone and IC Markets are top-tier Forex brokers with tight spreads, fast execution, and strong regulation. IC Markets offers more trading assets and lower spreads, while Pepperstone stands out with TradingView integration and a lower minimum deposit.
Scalpers and high-frequency traders may prefer IC Markets, while technical traders benefit from Pepperstone’s advanced charting tools. Both brokers ensure secure trading with tier-1 regulation, but neither offers traditional Forex bonuses.
The choice between Pepperstone and IC Markets depends on trading style, platform preference, and account needs. Evaluating their fees, platforms, and support helps traders pick the best option for their strategy.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECN accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for new traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).