The IC Markets vs Pepperstone: Which Is Better?
A side-by-side look at regulation, trading conditions, and fees for IC Markets and Pepperstone, pulled from the same data as their individual reviews.
Key Differences
- • IC Markets holds the higher overall rating: 9.6/10 vs 8.6/10 for Pepperstone.
- • Pepperstone has the lower minimum deposit: $0 vs $200 at IC Markets.
- • Pepperstone is regulated by more authorities: ASIC, FCA, BaFin, CySEC, DFSA, SCB vs ASIC, CySEC, FSA, SCB for IC Markets.
Overview
Rating
9.6/10
8.6/10
Trustpilot
4.8/5 · 55,000+ reviews
4.3/5 · 3,500+ reviews
WikiFX Score
High / Validated
High / Validated
Best For
Algorithmic trading, EAs & Scalping
cTrader & TradingView integration
Regulators
ASIC, CySEC, FSA, SCB
ASIC, FCA, BaFin, CySEC, DFSA, SCB
Terms & Fees
Min Deposit
$200
$0
Max Leverage
1:5000
1:500
Spreads From
0.02 Pips
0.0 Pips
Execution Model
ECN/STP (No Dealing Desk) — aggregates ~25 liquidity providers
ECN/STP execution with deep Tier-1 liquidity aggregation
Commission
Raw Account: $3.50 per lot per side ($7.00 round trip); Standard: $0
Razor Account: $3.50 per lot per side ($7.00 round trip)
Swap / Islamic
Highly competitive; Islamic (Swap-Free) accounts available for qualifying residents
Standard interbank swap rates applied; swap-free accounts available via customer support request
Platforms
MT4, MT5, cTrader, TradingView
MT4, MT5, cTrader, TradingView
Crypto Deposits
Yes
No
Pros
What's good
- + Equinix NY4 integration for low-latency
- + Zero non-trading fees
- + Swap-free accounts available
- + Deep Tier-1 liquidity aggregation
- + No inactivity fees
- + Unblemished corporate governance
Cons
Watch out for
- – Stringent KYC/AML bottlenecks
- – No US/Canada/Japan clients
- – Steep learning curve for beginners
- – Occasional withdrawal channel delays