Brokers registered in the same region usually offer similar types of services, so it is normal for competition to occur。One example is IC Markets and Pepperstone, which originated in Australia.。Both are experienced and prestigious brokers and are often mentioned in many lists of top brokers in various financial media.。

If you want to trade with an Australian broker and are stuck between IC Markets and Pepperstone, this comprehensive analysis can help you make a sound decision.。

point difference comparison

If the spread is calculated as a transaction cost, everyone favors a lower spread。However, obtaining spread information from brokers is difficult because not all brokers publish clear and accessible spread data。

Traders can still choose their preferred broker based on the type of spread each broker offers。In this case, Pepperstone provides a variable spread from 0 in its Razor account, and IC Markets also provides the same minimum spread on its original spread account。In terms of standard accounts, IC Markets performs slightly better because it offers a minimum of 0.A spread of 6 EUR / USD, while Pepperstone's spread of 0 EUR / USD.8 o'clock。

Trading platformCompare

If brokers don't provide easy-to-use navigation platforms for their clients, they don't care much about any other services.。Some brokerage firms have platforms that are too difficult to use and make their clients unhappy。Without a trading platform, it is impossible to conduct any market-related transactions.。In addition, the trading platform offers price charts and various analytical tools that can help traders develop trading strategies。

Pepperstone supports trading with TradingView, cTraders, MetaTrader 4 and MetaTrader 5。The offer covers trailing stop trading, one-click trading, mobile trading and pending orders.。

On the other hand, IC Markets offers ProDeal, IRESS, cTraders, MetaTrader 4 and MetaTrader 5 trading, as well as mobile trading, browser trading, mobile trading, pending orders, trailing stop orders, one-click trading assistance。

Trading instrumentsCompare

Importantly, in addition to currency pairs, forex brokerage firms offer their clients a variety of trading tools。In this way, traders have a variety of options to explore new and extremely profitable markets and diversify their portfolios.。

Pepperstone offers more tools for trading, including Forex, Cryptocurrencies, Contracts for Difference (CFD), Oil, Stocks, Metals, Soft Commodities, Energy, Agriculture, Exchange Traded Funds (ETF), Spread Trading, Gold and Silver。In contrast, IC Markets mainly offers opportunities for forex, CFDs and cryptocurrency trading。

Payment methodCompare

Pepperstone and IC Markets both offer multiple ways to withdraw and deposit funds。In this case, they are very similar and comparable。

IC Markets allows users to use multiple payment methods, including credit and debit cards, PayPal, Neteller, wire transfer, Neteller VIP, UnionPay, Skrill, Bpay, POLI, FasaPay, broker-to-broker, Thailand Internet Banking, Klarna, RapidPay, digital wallet, and Vietnam Internet Banking。

Pepperstone, on the other hand, will accept payments via credit card, bank transfer, VISA, MasterCard, debit card, e-wallet, PayPal, POLI, Neteller, BPAY, Skrill, UnionPay and MPESA.。

Customer SupportCompare

Providing assistance to customers when conducting transactions is essential。Even the most experienced traders will need the support of a broker at some point。It must be remembered that traders entering the market have a limited information base。If you're planning to get started, you need to make sure their support team is ready to help you。Customer service from Pepperstone and IC Markets is critical to your trading success。They can be contacted by:

• Live Chat

• Live chat is an instant form of communication that can solve problems immediately。In addition, face-to-face chat is far less cumbersome than communicating through multiple emails。Pepperstone and IC Markets both offer live chat services to their customers。

• 电话

• Even though most problems can be solved through live chat, as long as users can discuss their concerns with real people in Pepperstone or IC Markets, it is always a pleasant experience。They may skip unnecessary details and go straight to the crux, which will save them a lot of time and effort。IC Markets does not provide telephone assistance, while Pepperstone provides customer service over the phone。

• E-mail

• Email is important when trading CFDs, commodities, stocks, cryptocurrencies, currencies and products using Pepperstone or IC Markets。At times, you may need a specific representative of Pepperstone or IC Markets support to give a satisfactory response, at which point e-mail comes in handy。

• Supported Languages

• IC Markets is available in multiple languages, and users can choose the language they want to use, such as English, Chinese, Japanese, Polish, Dutch, Afrikaans, Danish, German, etc.。Pepperstone is also a global trading platform that accepts English, Thai, Spanish, Portuguese, Russian, German, Italian, French, Polish, Arabic, Chinese, Arabic and Vietnamese.。

Regulation and LicensingCompare

The market has many rules and regulations。More well-known, trusted brokers will be happy to display their regulatory certificates on their websites, and if you can't view their regulations and licenses, you should be very careful when trading with them.。

Both Pepporstone and IC Markets have regulatory certificates on their websites。Pepperstone is licensed by numerous trusted authorities from well-known jurisdictions such as ASIC (Australia), FCA (UK), CySEC (Cyprus)。At the same time, IC Markets has also been licensed by these institutions, making the two brokers subject to regulatory standards.。

Account TypeCompare

Novice traders can learn a lot from demo accounts, do not have to worry about losing funds, and can try their trading strategies in a safe place。IC Markets and Pepperstone offer a demo account for this。But in addition to that, they make sure to offer a variety of trading conditions in real accounts。

Micro Account

The account is best for traders who just want to take a little risk and tend to focus mainly on forex trading, which is what most beginners do。Neither Pepperstone nor IC Markets have opened micro-accounts, but both state that customers are allowed to count from micro-lots (0.01 lots) start trading。

Standard Account

Experienced traders can choose to use a standard account。Users can use the account to trade commodities, stocks, cryptocurrencies, and other items。For retail investors, to access these trading accounts, it usually takes at least $100 to start trading。Pepperstone offers a standard account with a minimum deposit of A $200, while IC Markets allows traders to open a standard account with a starting capital of US $200。

MAM Account

The MAM account has the function of multi-account management, which is very helpful for investors who want to execute all transactions from a single account。It is an advanced and powerful software program that allows traders to access all trades on an account linked to the master account.。Pepperstone and IC Markets both offer MAM accounts to their customers。

Islamic Account

Islamic accounts are for Muslim investors who comply with Sharia law, which prohibits the use of interest rates in speculative transactions。This may seem professional, but it is important because it follows Islamic principles。Both Pepperstone and IC Markets offer this feature as they are open to many types of traders worldwide。

Conclusion

In short, your evaluation is ultimately the most critical factor in determining which broker is best。If you are a regular trader, it is best to choose a broker that offers a lower spread。Regarding the trading platform, every trader uses MetaTrader 4 because it is the dominant technology。But if you want a unique experience with more advanced platforms, you should choose a broker with multiple platforms to choose from。The same is true for trading products; if you want to test your skills in various markets, you should look for a broker that offers a wider choice in trading products。

When it comes to the above features, Pepperstone and IC Markets are almost tit-for-tat。But some subtle differences can be found in how IC Markets offers slightly lower spreads in standard accounts and how Pepperstone can support more traded products。Based on this observation, if you prioritize low spreads, you may choose IC Markets; if you want to trade in a highly diversified market, you may choose Pepperstone。