Pepperstone vs IC Markets

Two Australian brokers with similar raw pricing. The main differences are the minimum deposit, platform details and where each is regulated.

Which to choose

Raw costs are close: both charge $3.00 per side on cTrader, and $3.50 per side on their other main platforms (IC Markets on MetaTrader; Pepperstone on its own platform and TradingView). IC Markets cuts this to $1.50 or $1.00 on its Raw Pro accounts ($5,000 and $100,000 minimums). Neither has a minimum deposit on its main global accounts, but only Pepperstone has an FCA-authorised UK entity. Both limit TradingView to their raw-pricing account.

UK traders should look at Pepperstone, as IC Markets does not list an FCA entity. Australian and EU traders can compare both on pricing and platform.

Read the full Pepperstone review and IC Markets review.

How we chose. These shortlists use published terms only: costs, minimum deposit, platforms and the regulator of the entity you would join. We have not ranked brokers on scores, and the order is not a recommendation for your circumstances. Read our methodology and affiliate disclosure.

CFDs and leveraged forex are complex and carry a high risk of losing money rapidly. Most retail accounts lose money. Only trade with money you can afford to lose.