Pepperstone vs IC Markets 2026: Which Broker is Better?
Choosing between Pepperstone and IC Markets depends on your trading style, preferred markets, and budget. Pepperstone is headquartered in Melbourne, Australia, while IC Markets operates from Sydney, Australia. IC Markets has the longer track record, established in 2007, compared to Pepperstone which was founded in 2010. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Pepperstone
IC Markets
| Pepperstone | IC Markets | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.9/5 |
| Min. Deposit | $200 | $200 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | ASIC, FCA, CySEC ✓ | ASIC, CySEC |
| Platforms | MT4, MT5, TradingView | MT4, MT5, TradingView |
Pepperstone is the better choice overall, scoring 4.1/5 vs 3.9/5 on BrokerRank's independent rating. On fees, Pepperstone offers lower spreads (0 pips).
See full side-by-side comparison belowPepperstone vs IC Markets: Key Differences
Pepperstone
WinnerIC Markets
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Fees Comparison
Pepperstone
IC Markets
Regulation & Trust
Pepperstone holds licences from ASIC, FCA, CySEC. IC Markets is regulated by ASIC, CySEC.
Markets & Assets
Both brokers offer access to Forex, Cfd, Crypto, Stocks, Indices markets.
Trading Platforms
Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. IC Markets offers MT4, MT5, TradingView, Proprietary Mobile. Both brokers are available on MT4, MT5, TradingView, Proprietary Mobile.
Minimum Deposit
Pepperstone requires a minimum deposit of $200, while IC Markets sets a minimum deposit of $200. Both are suitable for traders with moderate starting capital.
Overall Ratings
BrokerRank scores Pepperstone at 4.12/5 and IC Markets at 3.87/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Pepperstone leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Pepperstone
4.1/5
Choose Pepperstone if you want…
- Higher overall rating (4.1/5)
- More regulatory licences (3)
IC Markets
3.9/5
Choose IC Markets if you want…
- More established (est. 2007)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both Pepperstone & IC Markets are available in
Frequently Asked Questions
1Is Pepperstone better than IC Markets?
Pepperstone scores higher overall on our independent rating system. Pepperstone holds a 4.1/5 rating vs IC Markets's 3.9/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Pepperstone or IC Markets?
Pepperstone offers spreads from 0 pips, while IC Markets starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Pepperstone vs IC Markets?
Pepperstone requires a minimum deposit of $200. IC Markets requires $200.
4Which broker is safer, Pepperstone or IC Markets?
Pepperstone is regulated by ASIC, FCA, CySEC, while IC Markets holds licences from ASIC, CySEC.
5What trading platforms do Pepperstone and IC Markets support?
Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. IC Markets supports MT4, MT5, TradingView, Proprietary Mobile.
6Can I use both Pepperstone and IC Markets?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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