Compare IC Markets vs Pepperstone

Online brokers compared for fees, trading platforms, safety and more. See how IC Markets stacks up against Pepperstone!

IC Markets vs Pepperstone
open account	Visit broker 74-89% of retail CFD accounts lose money	Visit broker 78.6% of retail CFD accounts lose money
overall rating	4.4	4.5
overall pros	Low forex fees Easy and fast account opening Free deposit and withdrawal	Low forex and equity index CFD fees Great customer service Seamless and free deposit and withdrawal
overall cons	No investor protection No negative account balance protection Limited number of available CFDs	Only forex and CFDs Basic news flow, No investor protection for non-EU clients
fees	4.3 Low trading fees Low non-trading fees Low forex fees High financing rate for CFDs	4.4 Low trading fees Low non-trading fees Low forex fees High financing rate for CFDs
account opening	5.0 Fast Fully digital Low minimum deposit	5.0 Fast Fully digital No minimum deposit
deposit and withdrawal	4.9 Credit/Debit card available Free withdrawal No deposit fee	4.8 Credit/Debit card available No deposit fee Several account base currencies High bank withdrawal fee for clients outside the EU/Australia
web trading platform	2.8 Clear fee report Good customizability (for charts, workspace) Order confirmation No two-step (safer) login No price alerts Poor design	2.8 Clear fee report Good customizability (for charts, workspace) Order confirmation No two-step (safer) login No price alerts
mobile trading platform	3.8 User-friendly Good search function Price alerts No two-step (safer) login No Touch/Face ID login No order confirmation	3.8 User-friendly Good search function Price alerts No two-step (safer) login No Touch/Face ID login
desktop trading platform	3.3 Clear fee report Good customizability (for charts, workspace) Price alerts No two-step (safer) login Poor design	3.3 Clear fee report Good customizability (for charts, workspace) Price alerts No two-step (safer) login Poor design
markets and products	1.7 Forex CFD Crypto	1.7 Forex CFD Crypto
research	3.8 Trading ideas Quality news flow User-friendly No fundamental data available	2.8 Trading ideas Daily market analysis News flow is rather basic
customer service	3.6 Phone support Live chat Fast response time Slow and irrelevant live chat	4.5 Phone support Live chat Fast response time No 24/7 support
education	4.5 Demo account Trading platform tutorial Educational videos	4.5 Demo account Trading platform tutorial Webinars
safety	Majority of clients belong to a top-tier financial authority In operation for a long time No investor protection No negative balance protection Does not hold a banking license	Majority of clients belong to a top-tier financial authority Negative balance protection Does not hold a banking license Not listed on stock exchange Financial information is not publicly available
recommended for	Forex traders who value easy account opening and free deposit/withdrawal options	Forex traders looking for low fees and good customer service

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