IC Markets vs Pepperstone
Two brokers compared on spreads, platforms, regulation, and execution.
Last updated: March 21, 2026
Quick Verdict
Pepperstone wins this comparison — 4 out of 4 categories.
Our analysts reviewed both options across pricing, reputation, and trading conditions. Pepperstone came out ahead based on our scoring criteria. Read each category below for the full breakdown.
Side-by-Side Comparison
Customer Support & Reputation
Both brokers are closely matched on support quality and reputation. Traders should read recent user reviews to determine which aligns best with their customer service expectations.
IC Markets4.70
Pepperstone4.70Leverage & Instruments
Both brokers offer equivalent maximum leverage, so neither has a distinct advantage for traders who rely on leveraged positions.
IC Markets1:500 offshore / 1:30 EU & AUPepperstone1:500 offshore / 1:30 EU & AUDeposit & Withdrawal
Pepperstone winsPepperstone supports a wider range of deposit and withdrawal options. It accepts Bank Transfer, Visa/Mastercard, PayPal, Skrill, Neteller, Crypto, including cryptocurrency, giving traders more flexibility. IC Markets offers Bank Transfer, Visa/Mastercard, Skrill, Neteller, PayPal, Crypto, which may not suit all traders.
IC Markets$200Pepperstone$0 (no minimum)Platforms & Tools
Pepperstone winsPepperstone provides a broader range of trading platforms. It supports MT4, MT5, cTrader, TradingView, giving traders more flexibility in how they access the markets. IC Markets offers MT4, MT5, cTrader, which covers the essentials but falls short on variety.
IC MarketsPepperstoneRegulation & Safety
Pepperstone winsWhen it comes to regulation, Pepperstone holds the edge. Pepperstone is regulated by FCA 684312, ASIC 414530, CySEC 388/20, DFSA F004356, SCB 8202737, CMA 128, a top-tier authority, while IC Markets operates under ASIC AFSL 335692, CySEC 362/18, FSA Seychelles SD018. For traders who prioritise safety and fund protection, Pepperstone is the stronger choice in this category.
IC MarketsPepperstoneTrading Costs
IC Markets and Pepperstone are evenly matched on trading costs. Both offer comparable spreads and commissions, so this category comes down to your specific account type and trading volume.
IC Markets0.0 pips (Raw) / 0.6 pips (Standard)Pepperstone0.0 pips (Razor) / 0.6 pips (Standard)Account Types & Min Deposit
Pepperstone winsPepperstone is the more accessible choice for traders getting started. With a minimum deposit of $0 (no minimum), it requires less capital to open an account than IC Markets, which requires $200. Lower barriers to entry make Pepperstone the winner in this category.
IC Markets$200Pepperstone$0 (no minimum)Our Pick
Pepperstone Wins This Round
Based on our side-by-side analysis, Pepperstone edges ahead in this matchup. Get started today.
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Frequently Asked Questions
Is IC Markets better than Pepperstone?
Based on our analysis across 7 key categories, Pepperstone wins with a score of 4–0. However, the best broker for you depends on your specific trading style and priorities.
Which has lower spreads, IC Markets or Pepperstone?
Both brokers offer similar spread levels. IC Markets charges 0.0 pips (Raw) / 0.6 pips (Standard) and Pepperstone charges 0.0 pips (Razor) / 0.6 pips (Standard).
Is IC Markets safer than Pepperstone?
Pepperstone is regulated by a higher-tier authority. IC Markets is regulated by ASIC AFSL 335692, CySEC 362/18, FSA Seychelles SD018, while Pepperstone is regulated by FCA 684312, ASIC 414530, CySEC 388/20, DFSA F004356, SCB 8202737, CMA 128.
Can I use MT5 with both IC Markets and Pepperstone?
IC Markets supports MT4, MT5, cTrader and Pepperstone supports MT4, MT5, cTrader, TradingView. Check each broker's platform page for the latest availability.
Which has a lower minimum deposit, IC Markets or Pepperstone?
Pepperstone has the lower minimum deposit requirement. IC Markets requires $200 while Pepperstone requires $0 (no minimum).
Is IC Markets regulated?
Yes, IC Markets is regulated by ASIC AFSL 335692, CySEC 362/18, FSA Seychelles SD018. Regulation provides traders with a level of protection including segregated funds and dispute resolution mechanisms.
Which broker is better for beginners, IC Markets or Pepperstone?
For beginners, Pepperstone is generally the stronger choice due to its lower minimum deposit. However, both brokers offer standard tools suitable for newer traders.