IC Markets vs Pepperstone — Which Is Better for You?

Compare IC Markets and Pepperstone to find the right broker for you.

IC Markets vs Pepperstone — Which Is Better for You?: Both are excellent ECN brokers; choose IC Markets for ultra-low spreads and deep liquidity; choose Pepperstone for TradingView integration and no minimum deposit.

Written by

Carlos Mendez (MBA, CFA Level II)

Senior Financial Analyst

Updated: Sep 30, 2026

Quick Verdict

Both are excellent ECN brokers; choose IC Markets for ultra-low spreads and deep liquidity; choose Pepperstone for TradingView integration and no minimum deposit.

Decision criteria

Data verified: September 30, 2026

Comparison Table

Broker	Pros	Cons
IC Markets See Review →	True ECN/STP execution with no dealing desk Ultra-low spreads from 0.0 pips on major pairs High-speed execution (average 40ms) MetaTrader 4, MT5, and cTrader platforms Deep liquidity from tier-1 banks Excellent scalping and algorithmic trading environment	Not suitable for stock or ETF investors Limited educational content compared to full-service brokers Minimum deposit of $200 Primarily focused on forex and CFDs only Less comprehensive research tools
Pepperstone See Review →	Razor-thin spreads from 0.0 pips on Razor account Multiple platform options: MT4, MT5, cTrader, TradingView No minimum deposit requirement Excellent trade execution with minimal slippage Strong regulatory framework (FCA, ASIC, CMA, DFSA) Comprehensive educational resources and webinars	Limited stock and ETF selection Commission-based pricing on Razor accounts No proprietary trading platform Primarily focused on forex and CFDs Customer service hours limited on weekends