IC Markets vs Pepperstone: deposit, leverage, spreads and platforms
How much do you need to start?
$0 vs $0 account minimum
minimum deposit at IC Markets, then Pepperstone, in their own words.
Read · both brokers' own pages · Link to this fact
CFD risk warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Data, not advice.
IC Markets
- Minimum deposit
- $0
- Maximum leverage (retail)
- 1:5000 on FX
- Spread, standard account
- from 0.8 pips, no commission (Standard)
- Platforms
- MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, IC mobile…
- Swap-free (Islamic) account
- yes, on Raw Spread and Standard
Pepperstone
- Minimum deposit
- $0 account minimum
- Maximum leverage (retail)
- 1:200 retail on FX, gold and major indices
- Spread, standard account
- from 1 pip on major FX pairs
- Platforms
- Pepperstone platform and app, MT4, MT5, cTrader, TradingView
- Swap-free (Islamic) account
IC Markets and Pepperstone, fact by fact
| Fact | IC Markets | Pepperstone |
|---|---|---|
| Minimum deposit | $0 (Raw Spread, cTrader and Standard); Raw Pro $5,000; Raw Pro+ $100,000 Sourceic.comTrading Platform Commission Minimum Deposit Spreads from (pips) Leverage… Account Raw Pro + MetaTrader $1.0 ($2.0 per lot round turn) $100,000 0.0 1:5000… Account Raw Pro MetaTrader $1.5 ($3.0 per lot round turn) $5,000 0.0 1:5000… Account Standard MetaTrader $0 $0 0.8 1:5000· ic.com, read | $0 account minimum+1 more In fullpepperstone.com$0 account minimum; $10 minimum per deposit (no minimum by domestic bank transfer)Min deposit $0 $0… the minimum you can add is $10 or your local equivalent· pepperstone.com, read |
| Maximum leverage (retail) | 1:5000 on FX (Raw Trading Ltd, Seychelles FSA); dynamic, lower above 25 lots Sourceic.comup to 1:5000 leverage on FX… Tier 1: 0–25 lots → 1:5000 Tier 2: 25–50 lots → 1:3000· ic.com, read | 1:200 retail on FX, gold and major indices+1 more In fullpepperstone.com1:200 retail on FX, gold and major indices (Pepperstone Markets Ltd, SCB Bahamas); 1:500 professionalUnder our SCB licence, the amount of leverage you can trade with depends on whether you're a retail or professional client. Asset class Max retail leverage Max pro leverage FX 1:200 1:500· pepperstone.com, read |
| Spread, standard account | from 0.8 pips, no commission (Standard) Sourceic.comAccount Standard Trading Platform MetaTrader Commission (per lot per side) $0 Spreads from (pips) 0.8· ic.com, read | from 1 pip on major FX pairs (Standard, no commission); Razor from 0.0 Sourcepepperstone.comRazor min spread Standard min spread GBPUSD 0 1 EURUSD 0 1· pepperstone.com, read |
| Commission, raw-spread account | $3.50 per lot per side on Raw Spread, spreads from 0.0+2 more In fullic.com$3.50 per lot per side on Raw Spread (MetaTrader), spreads from 0.0; $3.0 per USD 100k on cTrader; Raw Pro $1.50, Raw Pro+ $1.00 per sideAccount Raw Spread Trading Platform MetaTrader Commission (per lot per side) $3.5 Spreads from (pips) 0.0… Account Raw Spread (cTrader) Trading Platform cTrader, TradingView Commission (per USD 100k) $3.0… Account Raw Pro Trading Platform MetaTrader Commission (per lot per side) $1.5… Account Raw Pro + Trading Platform MetaTrader Commission (per lot per side) $1.0· ic.com, read | Razor: from $3.50 per lot per side on FX and spot gold, spreads from 0.0 Sourcepepperstone.comFX spreads start from 0.0 pts and Spot Gold spreads from 0.08 pts, with commission from $3.50 per lot, per side· pepperstone.com, read |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, IC mobile app Sourceic.comTrading Platform MetaTrader TradingView NEW cTrader WebTrader IC Social… MetaTrader 5 RECOMMENDED MetaTrader 4 MetaTrader WebTrader· ic.com, read | Pepperstone platform and app, MT4, MT5, cTrader, TradingView In fullpepperstone.comPepperstone platform and app, MT4, MT5, cTrader, TradingView (TradingView not on Standard)Pepperstone's web platform and mobile app, MT5, MT4, TradingView and cTrader… TradingView : Access advanced charting tools and built-in indicators. Join a social network of 100 million traders across the world. Not available on a Standard CFD account.· pepperstone.com, read |
| Account types | Standard, Raw Spread, Raw Spread, Raw Pro, Raw Pro+, Swap Free In fullic.comStandard, Raw Spread (MetaTrader), Raw Spread (cTrader), Raw Pro, Raw Pro+, Swap FreeAccount Overview Raw Spread Account cTrader Raw Spread Account Standard Swap Free Account… NEW Account Raw Pro + Trading Platform MetaTrader… NEW Account Raw Pro Trading Platform MetaTrader· ic.com, read | Standard and Razor (CFD accounts) Sourcepepperstone.comWe offer two CFD accounts – Standard and Razor· pepperstone.com, read |
| Swap-free (Islamic) account | yes, on Raw Spread and Standard+1 more In fullic.comyes, on Raw Spread and Standard (MT4, MT5, cTrader); flat overnight holding fee appliesIC offers Swap free accounts for clients who cannot earn or pay interest due to their religious beliefs… available on both our Raw Spread and Standard account types on the MetaTrader4, MetaTrader 5 and cTrader platforms… a holding fee will be applicable for holding open positions overnight· ic.com, read | |
| Copy trading and trade copiers | yes: IC Social, Signal Start, ZuluTrade, cTrader Copy Sourceic.comIC Social Signal Start ZuluTrade… cTrader Algo cTrader Copy Trading· ic.com, read | yes: CopyTrading by Pepperstone (MT4/MT5) and cTrader Copy Sourcepepperstone.comPepperstone offers two copy trading options: CopyTrading by Pepperstone (browse thousands of signal providers and copy via MT4/MT5) and cTrader Copy· pepperstone.com, read |
| Ways to deposit | cards, PayPal, Neteller, Skrill, UnionPay, wire transfer, BPAY, FasaPay… In fullic.comcards, PayPal, Neteller, Skrill, UnionPay, wire transfer, BPAY, FasaPay, broker-to-broker, POLi, Thai internet banking, Rapidpay, Klarna, Vietnamese internet banking, crypto (BTC, ETH, USDC, USDT)Funding option Credit and Debit Cards… Funding option PayPal… Funding option Neteller… Funding option Skrill… Funding option UnionPay… Funding option Wire Transfer… Funding option Bpay… FasaPay Accepted Currencies: USD… Funding option Broker to Broker… Funding option POLI… Funding option Thai Internet Banking… Funding option Rapidpay… Funding option Klarna… Funding option Vietnamese Internet Banking… Funding option Cryptocurrency Accepted Currencies: BTC ETH USDC USDT· ic.com, read | crypto, Apple Pay, Google Pay, cards, PayPal, domestic bank transfer…+1 more In fullpepperstone.comcrypto, Apple Pay, Google Pay, cards, PayPal, domestic bank transfer, Neteller, Skrill, BPAY, PayID; local methods: UnionPay and AliPay (China only), Vietnam, Thailand, Indonesia, Malaysia local methodsCrypto $18 Free Immediate ApplePay $10 Free Immediate GooglePay $10 Free Immediate Debit/credit cards $10 Free Immediate PayPal $10 Free Immediate Domestic bank transfer No minimum Free Up to 7 business days Neteller $10 Free Immediate Skrill $10 Free Immediate BPAY $10 Free Up to 1 business day PAYID $10 Free Immediate… UPOP (Union Pay) China only… AliPay China only… Vietnam local methods Vietnam only… Thailand local methods Thailand only… Indonesia local methods Indonesia only… Malaysia local methods Malaysia only· pepperstone.com, pepperstone.com, read |
| Account currencies | 10: AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF Sourceic.comIC offers over 15 flexible funding options in 10 different base currencies… AUD - Australian Dollar USD - United States Dollar EUR - Euro CAD - Canadian Dollar GBP - British Pound (Sterling) SGD - Singapore Dollar NZD - New Zealand Dollar JPY - Japanese Yen HKD - Hong Kong Dollar CHF - Swiss Franc· ic.com, read | USD, EUR, GBP, AUD, CAD, CHF, JPY, NZD, SGD, HKD Sourcepepperstone.comStandard account Razor account USD, EUR, GBP, AUD, CAD, CHF, JPY, NZD, SGD, HKD· pepperstone.com, read |
| Deposit and withdrawal fees | none charged by IC; intermediary bank fees may apply Sourceic.comIC does not charge any additional fees for deposits or withdrawals… you may incur fees, such as intermediary fees, on payments to and from some international banking institutions· ic.com, read | no deposit fees; withdrawals free except $20 for international bank withdrawals Sourcepepperstone.comPepperstone does not charge any deposit fees… Pepperstone charges withdrawal fees only for international bank withdrawals… If you choose to withdraw funds to an international bank, we will deduct $20 from your trading account balance· pepperstone.com, pepperstone.com, read |
| Inactivity fee | none Sourcepepperstone.comWe don't charge any account keeping or inactivity fees· pepperstone.com, read | |
| Negative balance protection | yes, retail clients Sourcepepperstone.comDoes Pepperstone offer negative balance protection? We do offer negative balance protection to all retail clients!· pepperstone.com, read | |
| What you can trade | CFDs on forex, commodities, indices, synthetic indices, bonds, crypto… In fullic.comCFDs on forex, commodities, indices, synthetic indices, bonds, crypto, stocks (incl. 24-hour stock CFDs) and futuresRange of Products Forex CFDs Commodities CFDs Indices CFDs Synthetic Indices CFDs NEW Bonds CFDs Cryptocurrency CFDs Stocks CFDs 24Hr Stock CFDs NEW Futures CFDs· ic.com, read | 1,350+ CFDs: forex, indices, shares, commodities, ETFs, crypto In fullpepperstone.com1,350+ CFDs: forex (93), indices (26), shares (1,162), commodities (40), ETFs (95), crypto (31)Forex CFDs 93 Index CFDs 26 Share CFDs 1162 Commodity CFDs 40 ETF CFDs 95 Crypto CFDs 31… 1350+ markets including share CFDs, index CFDs, forex, commodity CFDs and more· pepperstone.com, read |
| Regulators, as the broker states them | Seychelles Financial Services Authority (FSA), Securities Dealer licence SD018 Sourceic.comRaw Trading Ltd, IC, is authorised by the Seychelles Financial Services Authority as a Securities Dealer for the provision of financial services under License NO SD018· ic.com, read | Securities Commission of The Bahamas for the /en site+1 more In fullpepperstone.comSecurities Commission of The Bahamas (SCB, SIA-F217) for the /en site; group also states FCA, ASIC, CySEC, BaFin, SCA, DFSA, CMAwe are regulated by the Securities Commission of the Bahamas (SCB) locally and by several reputable authorities around the world, including the FCA, ASIC, CySEC, BaFin, SCA, DFSA and CMA· pepperstone.com, read |
| Companies | Raw Trading Ltd (trades as IC and IC Markets Global; Seychelles, reg. 8419879-1) Sourceic.comIC and IC Markets Global are the trading names of Raw Trading Ltd… Raw Trading Ltd registered in Seychelles with registration number: 8419879-1· ic.com, read | Pepperstone Markets Limited for the /en site+1 more In fullpepperstone.comPepperstone Markets Limited (Bahamas, company no. 177174 B) for the /en site; other licensed group companies not named on pages read© 2026 Pepperstone Markets Limited | Company registration number 177174 B | SIA-F217… Pepperstone Markets Limited is located at #1 Pineapple House, Old Fort Bay, Nassau, New Providence, The Bahamas· pepperstone.com, read |
| US access | no Sourceic.comRaw Trading Ltd does not provide services for residents of certain countries such as the United States of America· ic.com, read | |
| Restricted countries | United States, Canada, Iran, North Korea, plus anywhere contrary to… In fullic.comUnited States, Canada, Iran, North Korea (named examples), plus anywhere contrary to local lawRaw Trading Ltd does not provide services for residents of certain countries such as the United States of America, Canada, Iran and North Korea (Democratic People's Republic of Korea) or a country where such distribution or use would be contrary to local law or regulation· ic.com, read |
Where each takes clients
| Country | IC Markets | Pepperstone |
|---|---|---|
 Bangladesh | Yes judged Bangladesh isn't on IC Markets' list of places it doesn't serve. | Unclear We hold no country list or Bangladesh licence for Pepperstone. |
 India | No judged The RBI Alert List names IC Markets among forex platforms. | No judged The RBI Alert List names Pepperstone among forex platforms. |
 Indonesia | Yes judged Indonesia isn't on IC Markets' list of places it doesn't serve. | Unclear We hold no country list or Indonesia licence for Pepperstone. |
 Kenya | Yes judged Kenya isn't on IC Markets' list of places it doesn't serve. | Unclear We hold no country list or Kenya licence for Pepperstone. |
 Malaysia | Yes judged Malaysia isn't on IC Markets' list of places it doesn't serve. | Unclear We hold no country list or Malaysia licence for Pepperstone. |
 Nigeria | Yes judged Nigeria isn't on IC Markets' list of places it doesn't serve. | Unclear We hold no country list or Nigeria licence for Pepperstone. |
 Pakistan | Yes judged Pakistan isn't on IC Markets' list of places it doesn't serve. | Unclear We hold no country list or Pakistan licence for Pepperstone. |
 South Africa | Yes judged South Africa isn't on IC Markets' list of places it doesn't serve. | Unclear We hold no country list or South Africa licence for Pepperstone. |
 the UAE | Yes judged The UAE isn't on IC Markets' list of places it doesn't serve. | Unclear We hold no country list or the UAE licence for Pepperstone. |
 the UK | Yes judged The UK isn't on IC Markets' list of places it doesn't serve. | Yes judged Pepperstone holds a licence in the UK, through Pepperstone Limited. |
 the US | No IC Markets' own page names the US as a place it doesn't serve. | Unclear We hold no country list or the US licence for Pepperstone. |