If you are looking for the right information about Pepperstone and IC Markets then you must not let go of this opportunity. We are happy to share some pertinent and interesting information about these two foreign brokers. We will try and draw a comparison between the two for the benefit of our readers and customers. There is no doubt that both the brokers are reputed and are well regulated. They are also popular and respected by their own groups of customers. We believe that this Pepperstone vs IC markets comparison would most certainly put quite a few things in perspective and help you to make your own choice based on information and facts. It will hopefully give you facts about the similarities and differences between the two forex brokers.
Some Basics About Pepperstone And IC Markets
IC Markets was founded in the year 2007. As of today, it offers 4 different types of accounts for its customers and investors. It is a forex brokerage house that provides the right opportunity both for experienced and new traders.
As far as Pepperstone is concerned, there is no denying the fact that it also is a very big and reputed forex brokers in Australia. They started their operations in 2010. They also offer four types of accounts for their customers.
Regulations Of Pepperstone And IC Markets
There is no doubt that regulation is one of the most important and first points to be considered when you evaluate a best forex broker. Both Pepperstone and IC Markets are properly regulated and are under the ASIC. Further, Pepperstone also is regulated quite effectively by FCA UK. Since both the brokers are regulated by ASIC they have to comply with and follow some of the most rigid and demanding rules and regulations. Both the brokers are required to keep the money of their clients in separate trust accounts. These accounts are insulated from the operating funds of both the offers and therefore are considered to be quite safe. Both of them have a capita of $1 million and therefore they are considered reliable.
Market Spreads And Account Types
Both the above brokers offer four account types and this includes demo accounts. To put in perspective, IC markets offers three accounts that are live and they are available in two different platforms. They have the Standart account that is free from any commission. They also have ECN with tighter spread where the commission is $7. The cTrader is the third account with a commission of $3.
Talking about spread, IC Markets offers variable spread ranging starting from 1.0 pips. Standard accounts have an average spread of 1.1. But when it comes to ECN accounts the spread could fall down to 0.1. On the whole the spreads are competitive.
As far as Pepperstone is concerned, the broker has four account types for customers. They are Edge Razor, Edge Standard, Edge Swap and Active Traders. All these accounts have the same leverage and minimum amounts and the difference is perhaps with regard to spreads. The standard accounts have a spread of 1.2 pips without any commission. Edge Standard and Edge Swap are almost the same. However, the Edge Razor has a spread of 0.8 Pips and a commission of $7 per each lot.
Both these brokers offer leverage ratio ranging from 1 to 500. Hence, in terms of number of accounts, their characteristics and spread, both Pepperstone and IC Markets are almost the same. The customers are free to choose any one of the above as far as the above two parameters are concerned.
Trading Platforms – IC Markets Vs. Pepperstone
There are reasons to believe that Pepperstone might perhaps have something better to offer as far as platforms are concerned. They offer MetaTrader 4. This is considered to be one of the most well known platforms in the forex industry. Additionally it also offers four more major trading platforms. Experts are of the opinion that Pepperstone has one of the widest choices as far as platforms are concerned.
On the other hand, IC markets offer an interesting variety of trading platforms and these include MetaTrader 4, cTrader and MetaTrader 5.
Trading Instruments – IC Markets Vs Pepperstone
Let us now look at trading instruments and get to know more about Pepperstone vs IC Markets. If you decide to choose Pepperstone you can trade in indexes, forex, and also trade in 80 plus currency pairs. Further, you also can trade in oil, commodities, cryptocurrencies, precious metals like gold and silver and also other energy source.
IC Markets also offers the same number of trading instruments as Pepperstone and there is nothing much to differentiate between the two.
While both IC Markets and Pepperstone focus on customer service seriously, the latter could be a notch ahead because of improved live chat services.
When one takes into account the above parameters and does a Pepperstone Vs IC Markets comparison, there are reasons to believe that Pepperstone could be slightly ahead in a few attributes. However, this does not make IC Market an unreliable forex broker. While IC Markets has minimum balance protection, Pepperstone has automated negative balance protection.