Quick Comparison
| Feature | IC Markets | Pepperstone |
|---|---|---|
| Rating | ⭐ 4.8/5 | ⭐ 4.7/5 |
| Spreads | From 0.0 pips (Raw) | From 0.0 pips (Razor) |
| Regulation | ASIC, CySEC, FSA | ASIC, FCA, CySEC, DFSA, BaFin |
| Min. Deposit | $200 | $0 |
| Platforms | MT4, MT5, cTrader | MT4, MT5, cTrader, TradingView |
Detailed Analysis
Both are Australian-born brokers known for ultra-low spreads and fast execution. This is one of the most common comparisons for serious forex traders.
Spreads & Trading Costs
IC Markets offers spreads from From 0.0 pips (Raw), while Pepperstone starts from From 0.0 pips (Razor). For active traders, even small spread differences compound significantly over thousands of trades.
Regulation & Safety
IC Markets is regulated by ASIC, CySEC, FSA. Pepperstone holds licenses from ASIC, FCA, CySEC, DFSA, BaFin. Both provide segregated client funds and negative balance protection for retail clients.
Trading Platforms
IC Markets offers MT4, MT5, cTrader, while Pepperstone provides MT4, MT5, cTrader, TradingView. Platform choice often depends on whether you use Expert Advisors or automated strategies.
Minimum Deposit
IC Markets requires $200, compared to $0 for Pepperstone. Lower minimums make it easier to start, but don't mistake minimum deposit for recommended starting capital.
Our Verdict
The Bottom Line
IC Markets edges ahead on raw spread costs for high-volume traders, while Pepperstone offers broader regulation and TradingView integration. Both are excellent choices for active traders.
Read Full Reviews
IC Markets
Full in-depth review with detailed analysis of features, fees, and trading conditions.
Read IC Markets Review →Pepperstone
Complete review covering regulation, platforms, costs, and our expert verdict.
Read Pepperstone Review →Not Sure Which Broker Is Right for You?
Our AI analyses your trading profile to find the best match from 165+ brokers — it might be one of these, or something different entirely.