IC Markets vs Pepperstone: Head-to-Head Comparison
A clear, editorial comparison of safety, costs, leverage and platform conditions for traders choosing between two brokers.
At a glance
The key differences before the full technical breakdown.
Broker A
IC Markets
Editorial score
$200
Min deposit
1:30 retail regulated; up to 1:500 professional/global entity
Leverage
Execution-focused broker with leverage determined by entity and client classification.
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Broker B
Pepperstone
Editorial score
$0
Min deposit
1:30 retail regulated; higher for professional clients
Leverage
Well-known multi-platform broker with entity-specific leverage limits.
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Technical comparison
Choosing between IC Markets and Pepperstone comes down to the conditions that matter most to your strategy. Both brokers offer access to the major markets, but their regulatory coverage, pricing model and platform mix create different trade-offs.
What separates IC Markets and Pepperstone?
Start with the regulated entity available in your jurisdiction, then compare the total cost of trading rather than the headline spread alone. Leverage can change margin requirements, but it does not reduce market risk. Platform stability, execution quality, funding options and support should also be part of the decision.
Pros and cons at a glance
IC Markets
Deep liquidity and raw spreads
Broad professional platform choice
Strong execution reputation
Retail leverage capped at 1:30 under ASIC/CySEC entities
No bonus advertised
Pepperstone
Strong regulatory footprint
Wide platform selection
Competitive execution-focused pricing
Retail leverage commonly capped at 1:30 under strict regulators
No bonus advertised
Editor's final verdict
IC Markets has the edge for most traders.
Choose IC Markets if you want forex traders prioritising execution and platform choice over bonuses, especially where regulated leverage limits apply. Choose Pepperstone if your priority is forex and index traders who value regulation, platform flexibility and execution rather than promotional bonuses..
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