IC Markets
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73.59% of retail CFD accounts lose money

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Pepperstone
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74-89% of retail CFD accounts lose money

IC Markets Vs. Pepperstone - Compare and Choose the Right One

Updated Nov 25 2021

Visit

73.59% of retail CFD accounts lose money

Visit

74-89% of retail CFD accounts lose money

Overview

ICMarkets is an Australian broker with a global presence specialising in Forex trading. One of their greatest advantages is providing RAW spread accounts with interbank pricing.

Pepperstone is an Australian broker founded in 2010 with the aim of providing a professional trading experience with low fees and tight spreads. Currently Pepperstone counts with 7 financial licenses and operates in almost every country around the world.

Best For
  • Professional traders looking for Interbank rates
  • High volume traders that will save great amounts of costs with their low spreads and commissions
  • Professional traders that day-trade or scalp
  • Algorithmic traders using their own custom built robots
  • Experienced traders
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TTBTrust

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The Good
  • Customisable leverage per asset before opening trades
  • Interbank rates and low commissions
  • Great platform variety
  • Well regulated on several jurisdictions
  • Low latency, fast execution under 30ms
  • Competitive spreads and low commissions from 0.0 pips on their Razor account
The Bad
  • Avaliable assets are limited (Also No ETFs)
  • No ability to purchase real stocks or cryptocurrencies, only CFDs
  • Avaliable asset offering is not that comprehensive
  • No ability to purchase real stocks or cryptocurrencies, only CFDs
Status
Operational Operational
Recent News
N/A
Key Data
⌛ Account Opening Time
1 Day Up to 1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

🏛 Financial Regulators
Cyprus Securities and Exchange Commission
Australian Securities and Investments Commission
Financial Services Authority Seychelles
BaFin (German Federal Financial Supervisory Authority)
Financial Conduct Authority
Australian Securities and Investments Commission
ADGM Financial Services Regulatory Authority
Cyprus Securities and Exchange Commission
Securities Commission of the Bahamas
Capital Markets Authority of Kenya
📍 Year Founded
2007 2010
💳 Minimum Deposit
$200 $200
💰 Payment Methods
Visa
Mastercard
Bank Transfer
Bitcoin
Sofort
Neteller
Paypal
Skrill
Visa
Mastercard
Bank Transfer
Neteller
Paypal
Skrill
💵 Account Base Currencies
10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD. 9 - USD, GBP, AUD, EUR, CHF, HKD, SGD, JPY and NZD
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, CA, IL. CA, NZ, JP, BE, KR, KZ, AR, PR.
📊 STP Account
Yes Yes
📊 DMA Account
No No
📊 ECN Account
Yes No
Assets
📚 Available Assets
Stocks
Cryptos
Commodities
Currencies
Indices
CFDs
Stocks
Cryptos
Commodities
Currencies
ETFs
Indices
CFDs
📙 Stocks
1600 + 1300 +
📘 Currency Pairs
61 60
📗 Commodities
22 31
📕 Indices
25 28
📔 ETFs
N/A 100
💸 Cryptocurrencies
18 20
📒 Bonds
11 N/A
📓 Options
N/A N/A
📗 Futures
4 N/A
📝 Notes:
All ICMarkets assets are CFDs. All Pepperstone assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
Varies by Stock Varies by Stock
📉 Minimum ETFs Trade Size
N/A Varies by ETF
📈 Minimum Crypto Trade Size
Varies by Cryptocurrency (Eg: 0.01 BTC) Varies by Crypto (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 - 0.01 Lots $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 0.01 Troy ounces of Gold) Varies by Commodity (Eg: 0.1 Troy ounces of Gold)
📉 Minimum Bonds Trade Size
Varies by Bond N/A
📈 Minimum Futures Trade Size
Varies by Future N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
No No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes Yes
👫 Social Trading
Yes Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
No No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions

No commissions in standard accounts but rather a 1 Pip spread markup on interbank prices received. For Raw spreads accounts, $7 per lot round turn.

  • For Standard account : All fees included in the spread
  • For Razor account: From $7 per Lot round turn
Spreads
📈 EUR/USD
Dynamic - From 0 to 0.6 Pips Dynamic - From 0 to 0.6 Pips
📉 SP500
Dynamic - From 20 to 45 Pips Dynamic - From 0 to 0.6 Pips
📈 GOLD
Dynamic - From 30 Pips Dynamic - 0.6 Pips on Average
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - Market Spread
📈 XLK (ETF - CFD)
N/A Dynamic - Market Spread
📉 BTC
Dynamic - From $8.7 to $42 From 30 Pips
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No No

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