IC Markets vs Pepperstone Review

After spending seven months and hundreds of hours researching 43 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 6,000 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 share a rating of 4.00 stars.

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 alongside Pepperstone are regulated in a major hub. IC Markets nor Pepperstone are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. IC Markets offers its clients access to 63 different currency pairs while Pepperstone has 59 available pairs, a difference of 4.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Both IC Markets and Pepperstone 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. IC Markets and Pepperstone offer the same number of charting tools, 31. Both brokers offer clients access to the same number of indicators (eg, moving averages), 51.

Overall, both IC Markets and Pepperstone hold a 4.00 star rating. And, when it comes to individual category awards, Pepperstone finished with awards Best in Class - Customer Service and Best in Class - Active Trading in 2018, while IC Markets came up with none of these.