Is IC Markets or Pepperstone better?

IC Markets scores higher on our published methodology (8.8 vs 8.4 out of 10), driven by IC Markets has the stronger Trustpilot standing (4.8). See the full breakdown above before deciding — the right pick depends on your trading style.

Which is cheaper, IC Markets or Pepperstone?

IC Markets and Pepperstone both start from similar spreads (0.0 pips vs 0.0 pips). Commission and minimum deposit also differ — see the spec table above.

All comparisons

FIG 01 — HEAD TO HEAD

IC MarketsvsPepperstone

IC Markets is regulated by ASIC, CySEC, FSA (SC), FSCA, CMA with spreads from 0.0 pips and a $200 minimum deposit, while Pepperstone is regulated by ASIC, FCA, CySEC, DFSA, CMA, SCB, BaFin with spreads from 0.0 pips and a $0 minimum deposit.

Verified against each broker's site · Aug 2026. Spreads and terms shift often — always confirm current terms on the broker's own site before trading.

FIG 02 — SPECIFICATIONS

IC Markets versus Pepperstone
Spec	IC Markets	Pepperstone
Rating	8.8	8.4
Trustpilot	4.8 (55,000)	4.3 (3,400)
Regulation	ASIC, CySEC, FSA (SC), FSCA, CMA	ASIC, FCA, CySEC, DFSA, CMA, SCB, BaFin
Min deposit	$200	$0
Spreads from	0.0 pips	0.0 pips
Commission	$3.50/lot/side	$3.50/lot/side (Razor)
Max leverage	1:1000 (offshore) / 1:30 (ASIC)	1:500 (offshore) / 1:30 (UK/EU)
Platforms	MT4, MT5, cTrader, TradingView	MT4, MT5, cTrader, TradingView
Founded	2007	2010

FIG 03 — VERDICT

8.8

IC Markets

8.4

Pepperstone

IC Markets scores higher on our published methodology (8.8 vs 8.4 out of 10).

· IC Markets has the stronger Trustpilot standing (4.8)
· Pepperstone has the lower minimum deposit ($0)

IC Markets

Visit IC Markets Full review

Pepperstone

Visit Pepperstone Full review

Want a different pairing? See all broker reviews.