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 74.25% of retail CFD accounts lose money	Visit broker 74-89% of retail CFD accounts lose money
overall rating	4.4	4.4
overall pros	Low forex fees Easy and fast account opening Free deposit and withdrawal	Fast and fully digital account opening Great customer service Seamless and free deposit and withdrawal
overall cons	Limited product selection Slow live chat support No investor protection for non-EU clients	Only forex and CFDs Basic news flow No investor protection for non-EU client
fees	4.1 Low trading fees Low non-trading fees Low forex fees High financing rate for CFDs	3.7 No withdrawal fee No inactivity fee High costs for holding positions overnight
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 No deposit fee Several account base currencies AUD 20 fee for international bank withdrawal	4.3 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	3.8 User-friendly Good search function Price alerts No two-step (safer) login No Touch/Face ID login
desktop trading platform	3.4 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	1.8 Forex CFD Crypto	1.7 Forex CFD Crypto
research	3.8 Trading ideas Quality news flow User-friendly No fundamental data available	3.3 Trading ideas Daily market analysis Newsflow is basic within MetaTrader No fundamental data available
customer service	3.6 Phone support Live chat Fast response time Slow and not useful 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 Videos are hard to find on the site	5.0 Demo account Trading platform tutorial Educational videos and webinars
safety	Long track record Negative balance protection for EU customers Not listed on stock exchange Financial information is not publicly available	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 and CFD traders who value easy account opening and free deposit/withdrawal options	Forex traders looking for great account opening and customer service

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