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IC Markets vs Pepperstone 2021

Is IC Markets better than Pepperstone? In our analysis of 23 international regulators across 39 brokers, IC Markets is considered average-risk, with an overall Trust Score of 86 out of 99. Pepperstone is considered low-risk, with an overall Trust Score of 93 out of 99. Learn more about Trust Score.


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 IC Markets Pepperstone
Overall 4.5 4
Commissions & Fees 5 4
Offering of Investments 4.5 4
Platforms & Tools 4 4
Mobile Trading Apps 4 4
Research 3.5 4
Education 4 3.5
Trust Score 86 93
IC Markets Review Pepperstone Review
74-89% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money
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Regulation

Feature IC Markets Pepperstone
Trust Score 86 93
Year Founded
2007 2010
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
1 2
Tier-2 Licenses
1 2
Tier-3 Licenses
1 1
Authorised in the European Union
No Yes

Tier-1 Licenses (High Trust)

Feature IC Markets Pepperstone
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)
No Yes
CFTC Registered (USA)
No No

Tier-2 Licenses (Average Trust)

Feature IC Markets Pepperstone
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
Yes Yes
CBI Authorised (Ireland)
No No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No

Tier-3 Licenses (Low Trust)

Feature IC Markets Pepperstone
SCB Authorised (Bahamas) Yes Yes
IFSC Authorised (Belize) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No

Investments

Feature IC Markets Pepperstone
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
3583 1200
Forex Pairs (Total)
61 62
US Stock Trading (Non CFD)
No No
Int'l Stock Trading (Non CFD)
No No
Social Trading / Copy-Trading
Yes Yes
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Crypto Disclaimer (UK) Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Cost

Feature IC Markets Pepperstone
Average Spread EUR/USD - Standard
0.62 (August 2021) 0.77 (November 2021)
All-in Cost EUR/USD - Active
0.62 (August 2021) 0.87 (November 2021)
Active Trader or VIP Discounts
Yes Yes
Execution: Agency Broker
Yes Yes
Execution: Market Maker
Yes No

Funding

Feature IC Markets Pepperstone
Minimum Deposit
$200 $200.00
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 IC Markets Pepperstone
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
DupliTrade
No Yes
ZuluTrade
Yes No

Trading Tools

Feature IC Markets Pepperstone
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
7 7
Charting - Indicators / Studies (Total)
30 15
Charting - Drawing Tools (Total)
15 30
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes

Mobile Trading

Feature IC Markets Pepperstone
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
No Yes
Charting - Indicators / Studies
30 30
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
No Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
Yes Yes

Research

Feature IC Markets Pepperstone
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Autochartist
Yes Yes
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

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

Major Forex Pairs

Feature IC Markets Pepperstone
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 Yes

Overall

Feature IC Markets Pepperstone
Overall 4.5 4
Commissions & Fees 5 4
Offering of Investments 4.5 4
Platforms & Tools 4 4
Mobile Trading Apps 4 4
Research 3.5 4
Education 4 3.5
Trust Score 86 93
IC Markets Review Pepperstone Review

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 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, IC Markets 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 23 international regulator databases. Here's our findings. Pepperstone holds 2 global Tier-1 licenses, while IC Markets holds 1. Pepperstone holds 2 global Tier-2 licenses, while IC Markets holds 1. In our analysis of 23 international regulators across 50 brokers, Pepperstone earned a higher Trust Score than IC Markets.

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, IC Markets offers a better experience. With research, Pepperstone offers superior market research. Finally, we found IC Markets 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?
Pepperstone provides traders 62 currency pairs (e.g., EUR/USD) compared to IC Markets's 61 available pairs. Forex pairs aside, IC Markets offers traders access to 3583 CFDs while Pepperstone has 1200 available CFDs, a difference of 2,383.

Can I trust IC Markets?
IC Markets is not publicly traded and does not operate a bank. IC Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

Can I trust Pepperstone?
Pepperstone is not publicly traded and does not operate a bank. Pepperstone is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulators (low trust). Pepperstone is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Pepperstone is authorised by the following tier-2 regulators: Dubai Financial Services Authority (DFSA) and the Cyprus Securities and Exchange Commission (CySEC).

Is IC Markets good?
IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.

Is Pepperstone good?
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.

Overall winner: IC Markets

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