IC Markets vs Pepperstone

Comparing two brokers is seldom an easy task. In this article, we will compare IC Markets vs Pepperstone two forex brokers in terms of security, fees, investment options, etc. IC Markets and Pepperstone both deliver great user experiences generally, although there are several key distinctions to be conscious of. We compared the features of each broker in our Pepperstone vs IG Markets comparison to help traders make a more educated decision.

Platforms and Features

Clients of Pepperstone get the greatest MetaTrader 4 and MetaTrader 5 upgrade of any broker, trailed by IC Markets. cTrader is an option offered by both Australian brokerage leaders. Retail account management is possible with MAM/PAMM accounts, and copy (social) trading is provided at Pepperstone as well as IC Markets through market-leading third-party suppliers. Both brokerages have essentially identical service and product portfolios, with 1:500 maximum leverage and high-quality research. IC Markets provides a more comprehensive educational part and is a leading provider of automated trading systems, whilst Pepperstone offers a volume-based reward program.

Both brokers’ features are listed below:

Trading Signals
Charting Package
Market Analysis
Chart Trading
Automated Trading
Scalping
Hedging
Mobile Alerts
One-click Execution
Web-based Trading
Mobile Trading

Investment Options

Both brokers have a lot in common when it comes to available markets. Pepperstone has 61 currency and 9 crypto pairs, whereas IC Markets has 61 and 10. The latter includes 22 commodities as well as 4 futures contracts, whereas the former has 23 commodity products. With more than 730 equity CFDs and 25 index CFDs, IC Markets takes the lead in equities. Only 64 equities CFDs and 14 index CFDs are available at Pepperstone. In addition, IC Markets offers 11 bond CFDs compared to none at Pepperstone. Both provide Fx, crypto, as well as commodity traders an equal asset option, with IC Markets opting for stocks.

CFDs
Commodities
Metals
Stocks
Oil
Gold
Indices

IC Markets vs Pepperstone – Fees and Average Spreads

The commission-free trading conditions at Pepperstone and IC Markets remain steady, with a minimum mark-up of 1.0 pips, equivalent of $10 for every 1.0 standard lot. Both Pepperstone and IC Markets provide a commission-based option, with raw spreads of 0.0 pips available for a $7.00 each round lot charge. High-frequency investors can take advantage of Pepperstone’s Active Trader Program, which reduces the price to $5.95. Regarding leveraged nightly holdings and forward corporate activity, Pepperstone & IC Markets charge swap rates. Both brokers have 3rd party payment processor fees, and most users have the same pricing structure.

IC Markets vs Pepperstone – Security and Reliability

The ASIC (Australian Securities and Investments Commission) is the main regulatory body for both Pepperstone as well as IC Markets, as they are the two most prominent Australian brokerages. Pepperstone has divisions authorized by the FCA (Financial Conduct Authority) of the United Kingdom, the SCB (Bahamas Securities Commission), and the DSFA (Dubai Financial Services Authority). CySEC ( Cyprus Securities and Exchange Commission) and FSA (Seychelles Financial Services Authority) authorizations are held by IC Markets. Negative balance occurs as required by authorities, and customer deposits stay separated. Both brokerages are among the safest and most reliable in the world, with a high level of openness.

IC Markets vs Pepperstone – The Verdict

Investors will find several similarities between Pepperstone & IC Markets. It all begins with the trading platform, with Pepperstone offering the greatest MetaTrader 4/MetaTrader 5 upgrade suite and IC Markets ranking second among all global brokers. Both provide a MAM/PAMM service to help with retail account administration, and cTrader is a viable option. Both offer copy trading through prominent 3rd party suppliers and have a maximum leverage of 1:500. Both brokers have high-quality in-house research, and the price situation is the same. IC Markets offers superior instructional resources to newbie traders, whereas Pepperstone offers a size-based incentive program. Pepperstone & IC Markets provide a broad selection of assets to FX, crypto, and commodities investors.