This comparison guide helps customers who have a hard time to choose in between IC Markets and Pepperstone to find the most effective online broker for their trading and financial investment requirements. It evaluates the main features of both brokers alongside to assist users compare their solution and make an educated decision.
To assist individuals choose the appropriate broker between IC Markets and Pepperstone to find the best-suited system, below is a checklist of broker’s advantages and disadvantages, complied with by a contrast of their primary trading features, including trading systems & tools, fees, mobile trading, down payment & withdrawal, properties, law, and client assistance.
IC Markets vs. Pepperstone: Summary
IC Markets is a reputable forex and CFD broker regulated by two tier-one regulators (the ASIC and CySEC). They allow users to trade on over 3,500 symbols including 61 forex pairs and dozens of CFDs on cryptocurrencies, shares and indices.
IC Markets features multiple trading platforms and third party plugins including MetaTrader 4 (MT4), MetaTrade 5 (MT5), cTrader, myfxbook and AutoTrade. They also offer scalable order execution options without requotes and possibilities to place trades within the spread, which makes IC Markets an interesting choice for algorithmic traders.
IC Markets trading fees are among the lowest in the industry. They charge an average spread of 0.2 pips (EUR/USD) without extra commission. They also offer discounts to active traders with a trade volume above 100 lots/month.
IC Markets customer service is available by email, phone, and live chat in English, Arabic, and several other languages.
Pepperstone is an Australian based forex and CFD broker founded in 2010. The broker is regulated by top-tier financial authorities including the Financial Conduct Authority (FCA), the Dubai Financial Services Authority (DFSA) and the Australian Securities and Investments Commission (ASIC). Their platform offers access to 180 + financial instruments including forex and CFDs on stocks, indices, commodities and cryptocurrencies. The combined offering of cTrader, MetaTrader and various social trading features makes this broker a great fit for copy and algorithmic traders.
Pepperstone charges lower trading fees compared to other forex and CFD brokers like AvaTrade and IG. They charge zero spreads on most forex pairs and a fixed commission of $3,50.
Pepperstone’s customer service is available through phone, email, online chat and an extensive FAQ section.
Pros
- MT4, MT5 and cTrader integration
- Competitive spreads from 0,0 pips EUR/USD
- Copy trading features (DupliTrade and Zulutrade)
- Up to 1:500 leverage
- Free Equinix NY4 VPS server
Cons
- Limited educational material
- Limited availability of assets
- No research and analysis tools
Pros
- Low minimum deposit ($0)
- Low Forex spreads from 0.0 pips
- Multiple third party integrations (MT4, MT5, cTrader, Tradingview)
- Extensive Social trading features
- Excellent education and research materials
Cons
- Lack of video educational materials
- Limited advanced order types
Key features
- Access to over 2,000 CFDs on forex, cryptos and stocks
- Compatible with MT4, MT5 and cTrader
- Islamic swap-free account availability
- Raw spreads from 0,0 pips EUR/USD
- Fast and reliable trade execution
- Access to Expert Advisors (EA’s) and other forms of automated trading
Key features
- 60+ Forex pairs and 700+ different CFDs
- MetaTrader 4, MetaTrader 5, cTrader trading platforms
- TradingView integration
- Zero spreads on a few forex pairs including EUR/USD
- Special set of tools for professional traders
- Islamic swap-free account available
IC Markets vs. Pepperstone Comparison
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IC Markets
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:500 | 1:500 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | No | 0 |
| Deposit Fee | No | 0 |
| Inactivity Fee | 0 | 0 |
| Cost Per Trade | $3.5 per lot | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1.2 pips | 0.6 |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 0 | 1.3 |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0.01% | 0 |
| Misc. Fees | 0 | |
| Overnight Fees | 0 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $200 | $0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 0 |
| ETF & Funds | 40 | 0 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 75 | 63 |
| CFD Indices & Funds | 25 | 123 |
| CFD Stocks | 2100+ | 600 |
| CFD Commodities | 28 | 31 |
| CFD Crypto | 13 | 23 |
| CFD Bonds | 9 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
IC Markets vs. Pepperstone Comparison Conclusion
The outcomes of our comparison of IC Markets vs. Pepperstone are involved the table below.
| Broker: | Best For: |
| IC Markets | Forex and CFDs; Algorithmic Trading |
| Pepperstone | Forex and CFDs and algorithmic trading |
Choosing the ideal option in between IC Markets and Pepperstone can be hard. Both on-line brokers have resemblances yet differ relating to trading instruments, platforms & applications, guideline, down payment & withdrawals, and research and education. Selecting the most effective broker depends upon customers’ trading & financial investment goals, individual choices, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.