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Pepperstone vs IC Markets 2019

ForexBrokers.com | October 27th, 2019

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Is IC Markets better than Pepperstone? After assessing forex brokers on nearly 100 different variables, Pepperstone is better than IC Markets. Pepperstone offers a small set of tradeable products but provides forex and CFD traders with competitive pricing and one of the largest selections of third-party platforms, including numerous options for social copy trading.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature Pepperstone IC Markets
Overall 3.5 4
Pepperstone Review IC Markets Review
79% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature Pepperstone IC Markets
Trust Score 79 72
Year Founded
 2010 2007
Publicly Traded (Listed)
 No No
Bank
 No No
Tier-1 Licenses
 2 1
Tier-2 Licenses
 0 0
Tier-3 Licenses
 0 0
Authorised in the European Union
 Yes No

Tier-1 Licenses

Feature Pepperstone IC Markets
ASIC Authorised (Australia)
 Yes Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
 No No
FSA Authorised (Japan)
 No No
MAS Authorised (Singapore)
 No No
FINMA Authorised (Switzerland)
 No No
FCA Authorised (UK)
Yes No
CFTC Registered (USA)
No No

Investments

Feature Pepperstone IC Markets
Forex: Spot Trading
 Yes Yes
Social Trading / Copy-Trading
 Yes Yes
Currency Pairs (Total Forex pairs)
 59 63
CFDs - Total Offered
 86 41
Cryptocurrency traded as actual
 No No
Cryptocurrency traded as CFD
 Yes Yes
Offering of Investments 3 3
Winner check_circle

Cost

Feature Pepperstone IC Markets
Average Spread EUR/USD - Standard
 1.16 (as of May 19) 1.1 (as of May 18)
All-in Cost EUR/USD - Active
 0.86 (as of May 19) 0.7 (as of May 18)
Active Trader or VIP Discounts
 Yes No
Commissions & Fees 4 4
Winner check_circle

Funding

Feature Pepperstone IC Markets
Minimum Initial Deposit
 $200.00 $200
Bank Wire (Deposit/Withdraw)
 Yes Yes
Visa/Mastercard (Credit/Debit)
 Yes Yes
PayPal (Deposit/Withdraw)
 Yes Yes
Skrill (Deposit/Withdraw)
 Yes Yes

Trading Platforms

Feature Pepperstone IC Markets
Proprietary Platform
 No No
Desktop Platform (Windows)
 Yes Yes
Web Platform
 Yes Yes
Social Trading / Copy-Trading
 Yes Yes
MetaTrader 4 (MT4)
 Yes Yes
MetaTrader 5 (MT5)
 Yes Yes
cTrader
 Yes Yes

Trading Tools

Feature Pepperstone IC Markets
Virtual Trading (Demo)
 Yes Yes
Alerts - Basic Fields
 Yes Yes
Watchlists - Total Fields
 7 7
Charting - Indicators / Studies (Total)
 51 51
Charting - Drawing Tools (Total)
 31 31
Charting - Trade From Chart
 Yes Yes
Charting - Drawings Autosave
 Yes Yes
Order Type - Trailing Stop
 Yes Yes
Platform & Tools 3.5 4
Winner check_circle

Mobile Trading

Feature Pepperstone IC Markets
Android App
 Yes Yes
Apple iOS App
 Yes Yes
Trading - Forex
 Yes Yes
Trading - CFDs
 Yes Yes
Alerts - Basic Fields
 Yes Yes
Watch List
 Yes Yes
Watch List Syncing
 Yes No
Charting - Indicators / Studies
 30 30
Charting - Draw Trend Lines
 Yes Yes
Charting - Trend Lines Moveable
 Yes No
Charting - Multiple Time Frames
 Yes Yes
Charting - Drawings Autosave
 No No
Forex Calendar
 No No
Mobile Trading 3 3.5
Winner check_circle

Research

Feature Pepperstone IC Markets
Daily Market Commentary
 Yes Yes
Forex News (Top-Tier Sources)
 Yes No
Weekly Webinars
 No No
AutoChartist
 Yes No
Trading Central (Recognia)
 No No
Delkos Research
 No No
Social Sentiment - Currency Pairs
 Yes No
Economic Calendar
 Yes Yes
Research 4 2
Winner check_circle

Education

Feature Pepperstone IC Markets
Has Education - Forex
 Yes Yes
Has Education - CFDs
No No
Client Webinars
 Yes No
Client Webinars (Archived)
 Yes Yes
Videos - Beginner Trading Videos
 Yes No
Videos - Advanced Trading Videos
 Yes No
Investor Dictionary (Glossary)
 Yes Yes
Education 3 4
Winner check_circle

Major Forex Pairs

Feature Pepperstone IC Markets
GBP/USD
 Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
 Yes Yes
USD/CAD
 Yes Yes
NZD/USD
Yes Yes
AUD/USD
 Yes No

Overall

Feature Pepperstone IC Markets
Pepperstone Review IC Markets Review
Overall 3.5 4
Winner check_circle
After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 data points. For this review, we will compare IC Markets vs Pepperstone.

To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Both IC Markets and Pepperstone hold a 4.00 star rating.

Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. IC Markets and Pepperstone both are regulated in a major hub. Neither IC Markets and Pepperstone are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. IC Markets boasts an offering of 63 different currency pairs compared to Pepperstone's 59 available pairs.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. IC Markets and Pepperstone both offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Both IC Markets and Pepperstone provide clients with access to 31 total charting tools. Both brokers offer clients access to the same number of indicators (eg, moving averages), 51.

IC Markets Review
Pepperstone Review

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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. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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