Broker Comparison

Pepperstone vs Ic Markets: Which Is Better?

A quick comparison between Pepperstone and Ic Markets across rating, deposit, Islamic account, platforms, and spreads.

Quick Recommendation
Ic Markets

Best overall based on rating, usability, fees, and account access.

Overall
Ic Markets
Beginners
Pepperstone
Spreads
Ic Markets

Pepperstone

Low spreads

4.5out of 5
Pepperstone
Minimum Deposit
$10
Islamic Account
Available
Trading Platforms
MT4 | MT5 | cTrader | TradingView
Best Overall

Ic Markets

Low spreads

4.5out of 5
Ic Markets
Minimum Deposit
$200
Islamic Account
Available
Trading Platforms
MT4 | MT5 | cTrader | TradingView
Final Verdict

Which broker is better: Pepperstone or Ic Markets?

A quick summary to help you choose the better broker based on your goal.

Overall Winner
Ic Markets

Best balance between rating, fees, trust, and usability.

Beginners
Pepperstone
Spreads
Ic Markets
Deposit
Pepperstone
Quick Summary

If you want the stronger overall choice, Ic Markets looks more suitable here. For beginners, the closer choice is Pepperstone. For lower spreads and active trading, Ic Markets looks more relevant.

Account opening is completed through the broker’s official website.

Score Analysis

Strength Analysis Between Pepperstone and Ic Markets

A visual summary showing where each broker performs better in safety, fees, platforms, deposits and withdrawals, and support.

Best Overall: Ic MarketsBeginners: Pepperstone

Safety & Trust

Reflects regulation strength and client fund protection.

Close
Pepperstone4.5 / 5
Ic Markets4.5 / 5

Fees & Costs

Measures spreads, trading costs, and general fees.

Small Edge
Pepperstone4.5 / 5
Ic Markets4.8 / 5

Trading Platforms

Based on platform quality and available trading tools.

Small Edge
Pepperstone4.4 / 5
Ic Markets4.7 / 5

Deposits & Withdrawals

Focuses on funding options and withdrawal convenience.

Small Edge
Pepperstone4.7 / 5
Ic Markets4.3 / 5

Support & Customer Service

Compares support quality and overall user experience.

Close
Pepperstone4.4 / 5
Ic Markets4.4 / 5

These scores help you understand where each broker performs better depending on your priority: safety, costs, platforms, deposits and withdrawals, or support.

Accounts & Trading Costs

Account and Fee Comparison

A quick summary of the main cost factors between Pepperstone and Ic Markets.

Quick Summary
Ic Markets

Ic Markets looks stronger in terms of cost or spreads.

Pepperstone Accounts
2
Ic Markets Accounts
5
Beginners
Pepperstone
Factor
Pepperstone
Ic Markets
Main Account
Standard
Standard
Min Deposit
$10
$200
Spread
0.6 - 1.2
0.8 - 1.0
Commission
$0
$0
Execution
Market Execution
Market Execution

Pepperstone Accounts

2 available accounts

Standard
Spread
0.6 - 1.2
Commission
$0
Deposit
$10
Execution
Market Execution
Razor
Spread
0.0 - 0.3
Commission
$7 per lot
Deposit
$10
Execution
Market Execution

Ic Markets Accounts

5 available accounts

Standard
Spread
0.8 - 1.0
Commission
$0
Deposit
$200
Execution
Market Execution
Raw Pro+
Spread
0.0 - 0.1
Commission
$1 per lot
Deposit
$200
Execution
Market Execution
Raw Pro
Spread
0.0 - 0.1
Commission
$1.5 per lot
Deposit
$200
Execution
Market Execution
Raw Spread
Spread
0.0 - 0.3
Commission
$3.5 per lot
Deposit
$200
Execution
Market Execution
Raw Spread (cTrader)
Spread
0.0 - 0.3
Commission
$3 per lot
Deposit
$200
Execution
Market Execution

Start with the broker that fits you best

After reviewing accounts and costs, choose the broker that better matches your trading style.

The most important factor is not only the number of accounts, but choosing the account that fits your needs in terms of spread, commission, minimum deposit, and execution method.

Quick Decision

Which Broker Should You Choose Now?

A practical summary to choose the better broker based on your goal.

Overall Recommendation
Ic Markets

The strongest overall choice based on this comparison.

Beginners
Pepperstone
Costs
Ic Markets
Short Decision

Choose Ic Markets if you want the strongest overall option. For an easier start, the closer choice is Pepperstone.

FAQs

Questions About Pepperstone and Ic Markets

Key questions before opening an account.

Pepperstone
Ic Markets

What is the real spread on Pepperstone accounts?

Pepperstone Standard accounts typically have spreads starting from around 0.6 to 1.2 pips with no commission, while Razor accounts offer spreads from 0.0 pips with a commission of about $7 per lot round turn.

Is the Pepperstone Razor account actually cheaper than Standard?

The Razor account offers significantly lower spreads, but adds a commission per trade. It is generally more cost-effective for active traders, while Standard accounts are simpler with costs built into the spread.

What is the minimum deposit required to open a Pepperstone account?

Pepperstone allows traders to start with a minimum deposit of around $10, making it accessible for both beginners and experienced traders.

What are the typical spreads on IC Markets accounts like Standard and Raw?

On IC Markets, Standard accounts usually have spreads starting from around 0.8 to 1.0 pips, while Raw Spread accounts offer spreads from 0.0 pips with a commission, making them more suitable for active trading strategies.

How much commission does IC Markets charge on Raw accounts?

IC Markets charges around $3.5 per lot on MetaTrader Raw Spread accounts, while cTrader accounts typically have a lower commission of about $3 per 100k traded.

What is the minimum deposit required to open an IC Markets account?

The minimum deposit on IC Markets is generally $200 across most account types, which is higher than some brokers and may not be ideal for traders starting with small capital.

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