FXREVIEW — IC MARKETS V/S PEPPERSTONE?
Bringing in two of the oldest, but most reputed forex brokers to exist in the industry, we have IC Markets (2007), and Pepperstone (2010).
Starting with the regulation, both have a common regulatory body backing them up — ASIC. Individually, IC Markets is regulated with CySEC, FSA, and SCB, meanwhile, Pepperstone is backed with FCA and DFSA. This means that if you are planning to deposit funds with them, which you can do rightfully and safely.
Now, let’s get into the business of getting to know their trading conditions below.
- SPREADS
IC Markets is leading ahead of Pepperstone, in terms of spreads. Thanks to the screenshot taken from myfxbook spreads page.
2. COMMISSIONS
Both IC Markets and Pepperstone charge the same commission, that is, $7/100k RT. Let’s include both commissions and spreads to the major forex pairs.
Ultimately, IC Markets is leading in this category with taking over all the spots.
3. PAYMENT METHODS
Both the brokers accept multiple deposit and withdrawal methods with multiple credit cards, multiple electronic payment methods, bank wire transfer, local bank transfer, and other payment methods. There are no extra fees charged for withdrawal of funds with both too.
4. MINIMUM DEPOSITS
Both the brokers allow you to deposit starting from 200 USD onwards.
5. SERVICES
There are so many services offered by both brokers which are the cost of zero, including inactivity fees.
Coming to close the chapter, I think it is safe to say that IC Markets is a better choice, in terms of spreads and commission, which is quite favorable as compared to Pepperstone.
Hope this helps in your trading journey in picking the right forex broker.
