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Broker Comparison

IC Markets vs Pepperstone

Side-by-side comparison of IC Markets and Pepperstone on every dimension professional traders care about — from fees and leverage to regulators, scalping rules, and EA support. Updated May 2026.

Reviewed & ranked byTradingEdge IC License — Investment Consultant (Thai SEC) Strategic Partner of Top-Tier Brokers
Published April 1, 2026·Last updated May 3, 2026·See our review methodology
IC
IC Markets
4.7 · Sydney, Australia

IC Markets is the world’s top ECN broker with 24+ Tier-1 liquidity providers. Founded in 2007 in Sydney, ECN execution makes it the favourite of every algo trader and high-volume scalper.

$8.5/lotSpread 0p1:500
PP
Pepperstone
4.7 · Melbourne, Australia

Pepperstone is an Australian broker founded in 2010 in Melbourne, specialised in ECN execution and the favourite of algo / scalping traders. Multiple Tier-1 licenses (FCA + ASIC + DFSA + CySEC).

$8.2/lotSpread 0p1:500
Verdict

Too close to call — pick the one that fits your style.

IC Markets: 3 · Pepperstone: 3 · tied: 7
FieldIC MarketsPepperstone
Rebate per lot$8.50 / lot$8.20 / lot
Spread from0 pips0 pips
Execution speed35 ms30 ms
Max leverage1:5001:500
Min deposit$200$0
User rating4.7 / 5 (3,987)4.7 / 5 (3,210)
Trust score9.12 / 109.08 / 10
Execution typeECN / DMA AggregationECN / DMA Aggregation
Liquidity providers25+22+
RegulatorsASIC (AU) #335692 · CySEC (CY) #362/18 · FSA (SC) #SD018ASIC (AU) #414530 · FCA (UK) #684312 · CySEC (CY) #388/20
PlatformsMT4 · MT5 · cTrader · TradingView (Beta) · IC MobileMT4 · MT5 · cTrader · TradingView · Pepperstone Mobile
Payout frequencyรายวันรายวัน
Withdrawal time1 - 24 ชม.1 วันทำการ
Swap-free / Islamic
Scalping allowed
EA / algo allowed
Negative balance protection
Strengths of IC Markets
  • Ultra-low spread (Raw 0.0 pips)
  • Sub-40ms execution — best for scalping
  • ASIC + CySEC + FSA regulation
  • cTrader + MT4 + MT5 all supported
  • Commission $7/lot for the Raw account
  • No Islamic account by default
Strengths of Pepperstone
  • Sub-30ms ECN execution
  • 4 Tier-1 licenses (FCA, ASIC, DFSA, CySEC)
  • Razor spread close to 0.0
  • cTrader / MT4 / MT5 all supported
  • $7/lot commission for Razor
  • No deposit bonus

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हर lot पर $12 तक cashback
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हर Tier-1 broker के साथ काम करता है
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