Pepperstone vs IC Markets 2026: Complete Comparison

Head-to-head comparison of two leading ECN brokers covering execution, spreads, platforms, and fees.

David Okonjo

Written by

David Okonjo

Lisa Martinez

Fact Checked by

Lisa Martinez

Last reviewed:
By:David Okonjo
Fact-checked by:Lisa Martinez

Pepperstone vs IC Markets: Which Is Better?

Pepperstone and IC Markets are Australia's top ECN brokers, both offering raw spreads and cTrader support. This detailed comparison examines execution speed, spreads, platforms, and costs to determine which suits your trading style.

Which has tighter spreads?

IC Markets has slightly tighter average spreads (0.0 pips). Pepperstone averages 0.1 pips. The difference is minimal.

Execution Quality

Compare spreads and speed.

Broker
Pepperstone0.1 pips< 20ms
IC Markets0.0 pips< 25ms

Detailed Broker Analysis

Pepperstone logo
Pepperstone
Read Review
Recommended
Fastest execution, TradingView.
4.6/5App Score

Pepperstone leads with faster execution (<20ms), native TradingView integration, and $0 minimum deposit. More regulators including BaFin.

Forex spread classUltra-Low
Minimum deposit$0
Inactivity fee$0
Currency pairs97
Deposit methodsBank, Visa, PayPal, Skrill
Withdrawal fee$0
IC Markets logo
IC Markets
Read Review
Recommended
Pioneer ECN, tightest spreads.
4.5/5App Score

IC Markets pioneered ECN trading in Australia with the tightest average spreads. Higher minimum deposit of $200.

Forex spread classUltra-Low
Minimum deposit$200
Inactivity fee$0
Currency pairs64
Deposit methodsBank, Visa, PayPal, Skrill
Withdrawal fee$0

Frequently Asked Questions

IC Markets has slightly tighter average spreads (0.0 pips). Pepperstone averages 0.1 pips. The difference is minimal.

Pepperstone has faster average execution at under 20ms vs IC Markets' 25ms.

Pepperstone requires $0 minimum vs IC Markets' $200. Clear advantage to Pepperstone.

Pepperstone offers MT4, MT5, cTrader, AND native TradingView. IC Markets lacks TradingView integration.

Pepperstone has more regulators including FCA and BaFin. Both have ASIC and CySEC.

Both are excellent for scalping. Pepperstone's faster execution gives a slight edge.

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Regional Availability Notice

Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows country acceptance status. Please verify availability with the broker directly before proceeding.

Independent Analysis

Rankings based on verified data and hands-on testing. See our methodology →

Data Verified

January 2026