IC Markets vs Pepperstone
Choosing between IC Markets and Pepperstone is a common decision for forex traders in Africa. In our analysis, Pepperstone scores 87/100 on our Hub Score compared to IC Markets's 86/100. For traders with limited starting capital, Pepperstone has a lower entry point at $0. Below is a detailed, data-driven comparison across fees, regulation, platforms, and more to help you decide which broker fits your trading style.
Quick Verdict
Based on our Hub Score analysis, Pepperstone scores higher overall with 87/100. However, the best broker depends on your priorities — compare the detailed breakdown below to find the right fit for your trading style.
IC Markets
Pepperstone
| Feature | IC Markets | Pepperstone |
|---|---|---|
| Hub Score | 86/100 | 87/100 |
| Min. Deposit | $200 | $0 |
| Spreads | From 0.0 pips | From 0.0 pips |
| Max Leverage | 1:5000 | 1:500 |
| Regulation | ASIC, CySEC, FSA | ASIC, CySEC, BaFin, FCA, DFSA, SCB, CMA |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView | MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| Account Types | Standard, Raw Spread, cTrader Raw Spread, Islamic | Standard, Razor |
| Trading Instruments | Forex, Indices, Commodities, Shares, Crypto, Bonds | Forex, Indices, Commodities, Shares, Crypto |
| Founded | 2007 | 2010 |
| Headquarters | Sydney Australia | Melbourne Australia |
Pros
- Raw spreads from 0.0 pips
- Ultra-fast execution speeds
- Institutional-grade liquidity
- Award-winning execution quality
- 2300+ instruments available
Cons
- Higher minimum deposit $200
- Limited educational resources
- Complex for beginners
- Fewer account type options
Pros
- Raw spreads from 0.0 pips
- 4.4/5 Trustpilot rating
- Six top-tier regulations
- Multiple platform options
- Award-winning execution technology
Cons
- Higher minimum deposit $200
- Limited educational content
- Complex for beginners
- Fewer account type options
Which broker has lower spreads, IC Markets or Pepperstone?
IC Markets offers spreads from From 0.0 pips, while Pepperstone offers spreads from From 0.0 pips. Check each broker's specific account type for exact spread conditions.
What is the minimum deposit for IC Markets vs Pepperstone?
IC Markets requires a minimum deposit of $200, while Pepperstone requires $0.
Is IC Markets or Pepperstone better regulated?
IC Markets is regulated by ASIC, CySEC, FSA, while Pepperstone is regulated by ASIC, CySEC, BaFin, FCA, DFSA, SCB, CMA. Always verify regulation status directly with the relevant authority.
Which is better for beginners, IC Markets or Pepperstone?
IC Markets may be better suited for experienced traders. Pepperstone may be better suited for experienced traders. Consider factors like minimum deposit, educational resources, and platform ease of use.
Disclaimer: This comparison is based on publicly available information and our independent analysis. Broker offerings, fees, and regulatory status can change at any time. Always verify current conditions directly with the broker before opening an account. Trading forex involves significant risk of loss and is not suitable for all investors.