IC Markets

4.4(2200)

ASIC/CySEC

Pepperstone

4.5(1800)

BaFin/FCA/ASIC

IC Markets vs Pepperstone

Head-to-Head Comparison 2026

Our Verdict

Pepperstone has a higher rating of 4.5/5 compared to IC Markets (4.4/5). The minimum deposit is lower at Pepperstone with 0 €. Pepperstone is BaFin-regulated, while IC Markets is supervised by ASIC/CySEC. IC Markets has been in the market since 2007, making it the more experienced provider.

Comparison Table

Criteria	IC Markets	Pepperstone
Rating	4.4/5 (2200 reviews)	4.5/5 (1800 reviews)✓
Regulation	ASIC/CySEC	BaFin/FCA/ASIC
Fees	From 0.0 pips + $3.50 commission (Raw Spread)	Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
Min. Deposit	200 $	0 €
Instruments	Forex, Indices, Commodities, Stocks CFDs, Bonds, Crypto CFDs, Futures CFDs	Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices
Platforms	MT4, MT5, cTrader	MT4, MT5, cTrader, TradingView
Options Trading	No	No, but over 1,200 CFD instruments
Founded	2007	2010
Headquarters	Sydney	Melbourne

Detailed Comparison

Fee Comparison

IC Markets: From 0.0 pips + $3.50 commission (Raw Spread). Minimum deposit: 200 $.

Pepperstone: Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. Minimum deposit: 0 €.

Product Range

IC Markets (7 categories)

ForexIndicesCommoditiesStocks CFDsBondsCrypto CFDsFutures CFDs

Pepperstone (7 categories)

ForexCFDsIndicesCommoditiesStocks CFDsCryptoCurrency Indices

Trading Platforms

IC Markets

MT4
MT5
cTrader

Pepperstone

MT4
MT5
cTrader
TradingView

Regulation & Security

IC Markets is regulated by ASIC/CySEC (HQ: Sydney).

Pepperstone is regulated by BaFin/FCA/ASIC (HQ: Melbourne).

Who Is It For?

IC Markets

ECN broker with ultra-low spreads and fast execution

✓ Ultra-low spreads from 0.0 pips

✓ Fast order execution (under 40ms)

✓ cTrader platform available

✗ No proprietary platform

✗ Educational content could be more comprehensive

Pepperstone

ECN broker with Razor account and ultra-fast execution

✓ Razor account with raw spreads from 0.0 pip

✓ Fast execution speed

✓ MT4, MT5, cTrader and TradingView

✗ No options trading

✗ No real stocks, only CFDs

Frequently Asked Questions

Is IC Markets or Pepperstone cheaper?

IC Markets charges From 0.0 pips + $3.50 commission (Raw Spread). Pepperstone charges Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. The minimum deposit is 200 $ at IC Markets and 0 € at Pepperstone.

Which broker offers more products: IC Markets or Pepperstone?

IC Markets offers Forex, Indices, Commodities, Stocks CFDs, Bonds, Crypto CFDs, Futures CFDs. Pepperstone offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices.

Which broker is better regulated?

IC Markets is regulated by ASIC/CySEC. Pepperstone is regulated by BaFin/FCA/ASIC. Pepperstone has BaFin regulation, which is particularly advantageous for German investors.

Is IC Markets or Pepperstone better for beginners?

IC Markets has a minimum deposit of 200 $ and offers MT4, MT5, cTrader as platforms. Pepperstone has a minimum deposit of 0 € and offers MT4, MT5, cTrader, TradingView. Pepperstone has the lower entry barrier.

IC Markets vs Pepperstone: Which broker is better overall?

The choice between IC Markets (4.4/5, 2200 reviews) and Pepperstone (4.5/5, 1800 reviews) depends on your needs. IC Markets: ECN broker with ultra-low spreads and fast execution. Pepperstone: ECN broker with Razor account and ultra-fast execution.

IC Markets

ECN broker with ultra-low spreads and fast execution

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From 200 $ min. deposit

Pepperstone

ECN broker with Razor account and ultra-fast execution

Open Account →

From 0 € min. deposit

IC Markets read review →Pepperstone read review →