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Pepperstone vs IC Markets 2020

Is IC Markets better than Pepperstone? After testing 30 of the best forex brokers over five months, Pepperstone is better than IC Markets. While Pepperstone offers a small set of tradeable products, it provides excellent customer service alongside one of the largest selections of third-party platforms, including multiple social copy trading options.



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 4 4
Pepperstone Review IC Markets Review
78.6% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature Pepperstone IC Markets
Trust Score 90 80
Year Founded
2010 2007
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
2 1
Tier-2 Licenses
1 1
Tier-3 Licenses
1 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)
61 61
CFDs - Total Offered
127 230
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3.5 3.5
Winner check_circle

Cost

Feature Pepperstone IC Markets
Average Spread EUR/USD - Standard
1.16 (August 2020) 0.8 (July 2020)
All-in Cost EUR/USD - Active
0.86 (August 2020) 0.7 (July 2020)
Active Trader or VIP Discounts
Yes Yes
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
(default MT4/cTrader) (default MT4/MT5/cTrader)
Charting - Indicators / Studies (Total)
(Standard MT4/cTrader) (default MT4/MT5/cTrader)
Charting - Drawing Tools (Total)
(Standard MT4/cTrader) (default MT4/MT5/cTrader)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4 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
Default MT4/cTrader (default MT4/MT5/cTrader)
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 3.5 3.5
Winner check_circle

Research

Feature Pepperstone IC Markets
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No No
AutoChartist
Yes Yes
Trading Central (Recognia)
No Yes
Delkos Research
Yes No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes
Research 4 3.5
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 3.5 3.5
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 4 4
Winner check_circle

Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare IC Markets vs Pepperstone.

Does IC Markets or Pepperstone offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Pepperstone offers better pricing overall for traders.

Is IC Markets or Pepperstone safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Pepperstone holds 2 global Tier-1 licenses, while IC Markets holds 1. Both IC Markets and Pepperstone hold 1 global Tier-2 licenses. All regulators considered, Pepperstone has a Trust Score of 90.00, while IC Markets's Trust Score is 80.00.

Which trading platform is better: IC Markets or Pepperstone?
To compare the trading platforms of both IC Markets and Pepperstone, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Pepperstone offers a better experience. With research, Pepperstone offers superior market research. Finally, we found Pepperstone to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. IC Markets and Pepperstone both offer copy trading. Both IC Markets and Pepperstone offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
IC Markets and Pepperstone offer traders the same number of currency pairs, 61. Forex pairs aside, IC Markets offers traders access to 230 CFDs while Pepperstone has 127 available CFDs, a difference of 103.

Overall, between IC Markets and Pepperstone, Pepperstone is the better forex broker.

IC Markets Review
Pepperstone Review

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Trading CFDs, FX, and cryptocurrencies involve 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 01/20/2020 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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