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IC Markets vs Pepperstone

Side-by-side broker intelligence across regulation, spreads, fees, platforms, and overall model score. Category winners use transparent heuristics and should be treated as editorial guidance, not investment advice.

IC Markets rating

4.7

Pepperstone rating

4.8

Score gap

1 pts

Matchup

Head to head

Winners by category

Pricing & spreads

Pepperstone leads— Edge for Pepperstone (103.8 vs 102.4).

Regulation breadth

Pepperstone leads— Edge for Pepperstone (97.0 vs 76.5).

User experience

Pepperstone leads— Edge for Pepperstone (74.5 vs 73.6).

Editorial composite

Pepperstone leads— Edge for Pepperstone (108.4 vs 107.1).

Full comparison table

Rating

IC Markets

4.7

Pepperstone

4.8

Model score

IC Markets

Pepperstone

Regulation

IC Markets

ASIC (Australia), CySEC (Cyprus), FSA (Seychelles), SCB (Bahamas)

Pepperstone

Regulators: ASIC (Australia), FCA (UK), CySEC (Cyprus), DFSA (Dubai), BaFin (Germany), CMA (Kenya), SCB (Bahamas)

Spreads

IC Markets

Raw spreads starting from 0.0 pips on EUR/USD. Low-latency Equinix NY4 & LD5 data center server execution designed for high-frequency trading and EAs.

Pepperstone

Razor spreads start from 0.0 pips. Average EUR/USD spread ~0.1 pips (+ commission). High-speed execution via ECN/STP routing.

Fees

IC Markets

Raw Spread Account: Spreads from 0.0 pips + $3.50 commission per lot per side ($7.00 round turn). Standard Account: Commission-free with spreads from 0.8 pips. cTrader Raw: Spreads from 0.0 pips + $3.00 commission per $100k.

Pepperstone

Razor Account: Raw spreads from 0.0 pips + competitive commission per side. Standard Account: Spread-only with no commission.

Platforms

IC Markets

MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, WebTrader

Pepperstone

MT4, MT5, cTrader, TradingView.

Account types

IC Markets

Standard, Raw Spread (MT4/MT5), Raw Spread (cTrader/TradingView), Swap-Free (Islamic), Demo

Pepperstone

Standard, Razor, Islamic.

Min deposit

IC Markets

$0 (Recommended starting deposit: $200)

Pepperstone

Minimum Deposit: $0 – $10 (varies by region, typically no minimum or $10 nominal)

Topic	IC Markets	Pepperstone
Rating	4.7	4.8
Model score	93	94
Regulation	ASIC (Australia), CySEC (Cyprus), FSA (Seychelles), SCB (Bahamas)	Regulators: ASIC (Australia), FCA (UK), CySEC (Cyprus), DFSA (Dubai), BaFin (Germany), CMA (Kenya), SCB (Bahamas)
Spreads	Raw spreads starting from 0.0 pips on EUR/USD. Low-latency Equinix NY4 & LD5 data center server execution designed for high-frequency trading and EAs.	Razor spreads start from 0.0 pips. Average EUR/USD spread ~0.1 pips (+ commission). High-speed execution via ECN/STP routing.
Fees	Raw Spread Account: Spreads from 0.0 pips + $3.50 commission per lot per side ($7.00 round turn). Standard Account: Commission-free with spreads from 0.8 pips. cTrader Raw: Spreads from 0.0 pips + $3.00 commission per $100k.	Razor Account: Raw spreads from 0.0 pips + competitive commission per side. Standard Account: Spread-only with no commission.
Platforms	MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, WebTrader	MT4, MT5, cTrader, TradingView.
Account types	Standard, Raw Spread (MT4/MT5), Raw Spread (cTrader/TradingView), Swap-Free (Islamic), Demo	Standard, Razor, Islamic.
Min deposit	$0 (Recommended starting deposit: $200)	Minimum Deposit: $0 – $10 (varies by region, typically no minimum or $10 nominal)