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Pepperstone vs IC Markets

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.

Pepperstone rating

4.8

IC Markets rating

4.7

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

Pepperstone

4.8

IC Markets

4.7

Model score

Pepperstone

IC Markets

Regulation

Pepperstone

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

IC Markets

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

Spreads

Pepperstone

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

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.

Fees

Pepperstone

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

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.

Platforms

Pepperstone

MT4, MT5, cTrader, TradingView.

IC Markets

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

Account types

Pepperstone

Standard, Razor, Islamic.

IC Markets

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

Min deposit

Pepperstone

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

IC Markets

$0 (Recommended starting deposit: $200)

Topic	Pepperstone	IC Markets
Rating	4.8	4.7
Model score	94	93
Regulation	Regulators: ASIC (Australia), FCA (UK), CySEC (Cyprus), DFSA (Dubai), BaFin (Germany), CMA (Kenya), SCB (Bahamas)	ASIC (Australia), CySEC (Cyprus), FSA (Seychelles), SCB (Bahamas)
Spreads	Razor spreads start from 0.0 pips. Average EUR/USD spread ~0.1 pips (+ commission). High-speed execution via ECN/STP routing.	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.
Fees	Razor Account: Raw spreads from 0.0 pips + competitive commission per side. Standard Account: Spread-only with no commission.	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.
Platforms	MT4, MT5, cTrader, TradingView.	MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, WebTrader
Account types	Standard, Razor, Islamic.	Standard, Raw Spread (MT4/MT5), Raw Spread (cTrader/TradingView), Swap-Free (Islamic), Demo
Min deposit	Minimum Deposit: $0 – $10 (varies by region, typically no minimum or $10 nominal)	$0 (Recommended starting deposit: $200)