Pepperstone vs IC Markets: Which One is Better for You?


Pepperstone vs IC Markets, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Pepperstone vs IC Markets, here is the direct comparison:

Feature Pepperstone IC Markets

Rating

General Rating 4.43/5
4.23/5
Trustpilot 4.4/5
4.7/5

General Information

Office(s) Australia, China, Ukraine, United States Australia, Hong Kong, Viet Nam
Regulation ASIC, 223682
BaFin, 151148
DFSA (Dubai), F004356
ASIC, ACN 123 289 109
Established 2010 2007
Minimum Deposit $200 $200
Maximum Leverage 1:500 1:500
Spread Variable Variable
Commissions $7 $3.50
Minimum Position 0.01 lot 0.01 lot
Payment BPAY, Credit/debit cards, Neteller, PayPal, Skrill, UnionPay, Wire transfer Bitcoin, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay, Wire transfer

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Futures
Oil
Binary options
Metals
Energies
ETF
Bonds
Agriculture
Soft commodities
Options

Customer Support

Website Languages Chinese, English, Russian Chinese, English, Japanese, Russian
Email Support
Call Support
Chat Support

User Reviews

Drew Fabrizio

Aug 20 2020

I started with Pepperstone a couple of weeks ago. For the first time, everything seems fine, but it's just that their MT4 platform is really lagging during events. Also, their commissions are relatively expensive. It's not that they're not good, but their calculation with commissions and swaps really not my type.


Harley Cadwell

Aug 20 2020

I place my withdrawal on Saturday, then on Monday, I got the money. It's a relatively fast process. Looking forward to another withdrawal this week. Not much but glad I got the profit.


Ruby Pearce

Aug 20 2020

Such a great service and they have a good trading platform. I've been using Pepperstone for a while now and they keep improving its service in all different aspects.


Audrey Packman

Aug 20 2020

I'm very interested in cTrader. That's why I join Pepperstone, it's the main reason. I've been trading with them for a while with no issues. I took my withdrawal profit (unfortunately, not that much :D) 2 or 3 times a week and it takes 2 days max to processed.


Eugene Hackathorn

Aug 20 2020

At the start, the broker running very well. But the longer it lasts, the worse it gets. Found that there was no more credit card option for withdrawals and can only be paid to PayPal which charged with high fees. Compared to other competitors, you know that deposit and withdrawal fees are relatively considered. Fastest and cheapest is a good sign of customer service.


Hannah Creed

Aug 20 2020

Such a good Australian local broker which hard to find these days. Excellent for support. Hope you guys can improve your mobile app tools for quick deposit and withdrawal, and also for other customer service support.


Markus Shallow

Aug 20 2020

I think Pepperstone needs to re-training its customer service once in a while. Because some of their representation doesn't have a clue about their own regulations. They are not well informed.


Tucker

Aug 20 2020

I don't have any problem with Pepperstone right now. They are very helpful dan provides good insight on their Telegram channel. I don't have problems with withdrawing funds too. Keep up the great job.


Patrick Wilson

Aug 20 2020

Many said that they were dealing with a sudden abnormal spike in the spread on a daily basis during the first hour each day. Not to scare anyone, but I just want to alarm other users about this broker.


Dawson Miles

Aug 20 2020

My experience with Pepperstone was very pleasant. I can make a decent profit. There is no problem with the withdrawal process.


Liam Castwood

Aug 20 2020

So far, as a newbie on the forex trader, I don't have any problems with Pepperstone. They didn't hound me with phone calls, only called me to introduce themselves, and gave me an email to request assistance just in case I have any problems later. I am yet to make a withdrawal with Pepperstone but I will report back once I have.


Justin Franco

Aug 20 2020

I don't have an account on Pepperstone right now, however, their 24/7 service is excellent. I have lots of questions and they answer all of them. It is very clear that they help me to understand. The great first impression so far.


Elijah Barton

Aug 20 2020

Their spread is lower than the other brokers. They close your position with no warning at all. It was a sell order and they close it way above my SL for no reason, all in an open market. Their customer service is so so. Think twice if you want to invest in Pepperstone.


Tom Lucinda

Aug 20 2020

I have a pleasant experience with Pepperstone since have a live trading account. I made the account after more than a year building confidence over the demo account. I would like to see their Webinar based on the Ctrader platform. Looking forward to more content there since I'm not really used to MT4 or MT5.


Bennett Skylar

Aug 20 2020

So, I planned to trade temporarily with Pepperstone. Their platform is OK, but other brokers have better spreads. Their support is not terrible and pretty average. Also, I read some reviews and news about their data security. Apparently, their 3rd party leaks Pepperstone client's data. Data is very crucial for business these days, but to have a problem like this surely made me be aware of their circumstance.


Callum Olson

Aug 20 2020

Pepperstone is a good broker that offers a great platform base for all of its users. The support is okay tho.


Puff Hedgeton

Aug 20 2020

Their live support is amazing. I've been contacting them couple times since before I opened an account until now. They replied fast and answered all my questions. Pretty happy with the great experience.


Shayla Kumar

Aug 20 2020

Recently, I had an issue with the logging process to my account on MT5. But the customer service assists me until the issue is sorted. Now it's resolved and I'm very happy.


John Neymar

Aug 20 2020

Excellent support and help. Thank you very much. They have the fastest system to approve the process. I recommend this broker.


Janika

Aug 20 2020

Hello there, I had a great experience with broker Pepperstone. It's been a while with them. Their customer support is amazing. Even with someone with broken English like me, they still help me through the process.


Pam Yohanne

Jul 27 2020

I've tried the Pepperstone Broker. I have tried to compare it through demo accounts among all existing brokers.
I think this ECN broker has the thinnest spread. But what prevented me from opening a real account was the language barrier.
I'm worried if there are certain complaints where I have to complain, whereas the Live chat service can only be in English. English is not my first language. 


Ezhar

Jul 27 2020

What I like from Pepperstone, the trading technology is very modern, and the razor account for ecn trading is really raw spread, not manipulated


Joahn

Jul 27 2020

It's been a few years using this broker there are no obstacles. Just a small language barrier, can be helped right with google translate or something like that.

Razor ECN account is quite good, withdrawal to local bank is quite satisfying, 2 working days already liquid. so far quite satisfied with this broker


Davinne Atmar

Jul 27 2020

Between IC Markets and Pepperstone competing in terms of spreads. A minimum deposit of $ 200. And the winner is IC Markets broker Australia with the smallest spread in the world


Liam Addington

Jul 24 2020

It's been a month using ICMarket demo, and I compared it with other brokers, relatively smaller commissions and spreads. hopefully it's the same as with the Real Account ... thank U ICMarket, keep Good Service ...


Garret Ng

Jul 24 2020

It's been 10 times to register a live account at icmarket.com but there's no confirmation via email too ... even though it's been 2 days :(


Sarah Michaelson

Jul 24 2020

Recommended for those looking for ECN brokers, regulated & affordable deposits


Nadeem Juliano

Jul 24 2020

Just check on icmarkets.com, the commission is quite affordable, the max is 3.50 USD / lot. It's reasonable since the minimal deposit is quite high.  If compared to other brokers, trading cost in icmarkets relatively cheap cz I've seen an ECN account that commissions like 20 USD / lot.


Pedro Vienna

Jul 24 2020

IC Markets real ECN broker. Can be checked from the quality of the regulation, also the platform can use cTrader who can access directly to the market.


Janeta

Jul 24 2020

IC Markets Brokers are really great, the spreads are very good ... starting from 0.0 for ECN accounts ... depo and WD smoothly ...




Which one has the better spread?

Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.

However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Pepperstone provides their pricing with Variable while IC Markets offers Variable.



Pepperstone vs IC Markets: Who hosts the best trading platform?

The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.

To support their clients, Pepperstone enables trading with MetaTrader 4 (Limited with 30 days). The offer is supported with Mobile trading, One-click trading, Trailing stop, Pending orders. In comparison, IC Markets provides trading with MetaTrader 4, MetaTrader 5, cTrader, webIRESS, ProDeal with the support of Mobile trading, Browser-based platform, Trading via API, One-click trading, Trailing stop, Pending orders.



Is Pepperstone or IC Markets better in providing the trading instruments?

It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.

In this case, Pepperstone supports trading with Forex, Gold & silver, Cryptocurrencies, while IC Markets presents the ability of trading with Forex, CFD, Bonds, Cryptocurrencies.

In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments. To help you decide, this article here presents complete information on what you have to consider when choosing a forex broker:

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