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
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
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
| Field | IC Markets | Pepperstone |
|---|---|---|
| Rebate per lot | $8.50 / lot | $8.20 / lot |
| Spread from | 0 pips | 0 pips |
| Execution speed | 35 ms | 30 ms |
| Max leverage | 1:500 | 1:500 |
| Min deposit | $200 | $0 |
| User rating | 4.7 / 5 (3,987) | 4.7 / 5 (3,210) |
| Trust score | 9.12 / 10 | 9.08 / 10 |
| Execution type | ECN / DMA Aggregation | ECN / DMA Aggregation |
| Liquidity providers | 25+ | 22+ |
| Regulators | ASIC (AU) #335692 · CySEC (CY) #362/18 · FSA (SC) #SD018 | ASIC (AU) #414530 · FCA (UK) #684312 · CySEC (CY) #388/20 |
| Platforms | MT4 · MT5 · cTrader · TradingView (Beta) · IC Mobile | MT4 · MT5 · cTrader · TradingView · Pepperstone Mobile |
| Payout frequency | รายวัน | รายวัน |
| Withdrawal time | 1 - 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