Trading is a complex task hence while selecting an online
forex trading broker - one should choose cautiously. The online forex trading
broker should have a good trading tool, an efficient working system and a
hassle-free process of funding.
IC Market and Pepperstone are two really advanced, popular
and innovating trading services platform in Australia where users can trade
across the globe. Both were rated 4.0 stars for their performance these are
highly anticipated for providing smooth and easy trading. However, how good are
the two trading platform can only be known when we conduct a broker comparison
and find out their effectiveness.
We are bringing an in-depth survey of the two forex trading
brokers i.e. IC markets Vs Pepperstone. Through this article, you shall be able
to understand their dynamics, methods, trading instruments and more. Let’s get
a clear picture of how these two competitive trading brokers are similar yet
Both IC markets and Pepperstone are very popular as forex
trading brokers in Australia. Offering the best of innovative tools and
competitive rates for trading, they have been at par with most of the features
offered to the users. Pepperstone has been one of the fastest growing trading
markets that started with Melbourne and now has offices in Shanghai, London and
Tokyo. Winning awards for its excellent growth and quality service – the
broking company made quite-a-news with its fast progress.
IC market, on the other hand, is an established name with
years of competitive prices and quality service. However, it is the IC market
which captures 4 times more of the market as compared to the Pepperstone. IC
markets have more investment and investors from around the world while being
also very popular across the globe. The reason attributed to this popularity is
that transparency that is offered by the IC market trading tool and the
high-investment that the portal functions on.
IC Markets offers its investors a decent spread option from
almost fifty banks. It also aids the use of dark pool finance institutions. It
offers a high-quality ECN trading solution that has low latency, therefore,
providing for the best possible rates in the trading market. With Spreads as
low as 0.0 pips to -0.3 across their account, IC markets let the trader enjoy
the best possible trading conditions.
Pepperstone, on the other hand, provides for a taut spread
as compared to IC markets. It offers the spreads from over 22 banking
institutions and other electronic crossing networks. It is when the market is
highly liquid that the spread reaches an all-time low of 0 pips on EUR/USD.
Both IC Markets and PepperStone don't charge any fees on a
majority of the funding methods like Verified by Visa, PayPal, Bank Transfer,
Skrill, MasterCard SecureCode, etc. However, Some standard Debit/Credit card
deposits might incur a fee of 1.8% fee on the number of AUD deposits. Also, a
fee of 3% on the amount of any other currency can be charged. Qiwi funding
method, in particular, is charged at 3% fee.
IC Markets offers about 4 types of account to the investors
while the Pepperstone offers only 3 types of accounts for their investors. The
choice of the account with both the brokers depends on the investor types,
their quantum of transactions and the trading strategy.
The Islamic accounts are standard or ECN accounts that are
converted to special Islamic accounts for people with Islamic beliefs. They
aren’t given or asked to pay any interest. Pepperstone’s Edge Razor Account and
Standard account are used by institutional investors who have volumes of
transaction each day. The offers for the same are made depending upon the trading
Both the forex trading brokers require for an average
minimum deposit of $200 AUD and provide for a maximum leverage of 1:500
IC Markets Vs
Pepperstone Funding Methods:
A broker's deposit/withdrawal terminus is one of the
critical factors in deciding which one is the best. While Pepperstone is quick
at accepting the deposits from various currencies through a range of platforms
like Visa, Debit/Credit Cards, China Union Pay, Bank Transfers, Qiwi, Fasapay,
MasterCard SecureCode etc. the withdrawals from any of the modes usually takes
about 3-5 days to process. Pepperstone does not charge for any fee regarding
these transactions. However, there can be some fee charged by international
banks for their transactions which are not related to Pepperstone.
IC markets do an excellent job in its funding methods for
the investors. Accepting funds in ten different currencies, it allows for quick
deposit and withdrawal method through its very own Secure Client Area. It helps
in deposit and withdrawing money in real time through Credit Card, Skrill, and
Webmoney. Additionally, investors can make use of popular modes of payments
like that of Pepperstone for deposits and withdrawals except that any
withdrawal request applied before 3:00 GMT shall be processed on the same day.
IC Markets and Pepperstone both offer a wide range of
trading instruments to deal in. While IC markets offer 60 pairs of Forex
currency pairs, Pepperstone offers 80 of them. IC Market offers to trade in 15
market indexes while Pepperstone offers only 15. While IC Market provides
Futures, Commodities, metals, and BitCoins as its trading instruments,
Pepperstone offers Crypto-currencies and energy indexes. Pepperstone also lets
the investors deal in spot metals.
IC Markets offers MT4, MT5, ZuluTrade, Web, CTrader, Mirror
Trader etc as part of its 16 trading platform for the investors. Pepperstone
provides for relatively 11 trading platforms comprising of MetaTrader4,
CTrader, WebTrader, Mac, mobile apps etc.
Looking closely into the trading structure provided by the
two of the best-trading markets, It is well understood that IC Markets is a
more trusted and investor-friendly forex trading broker as compared to Pepperstone.
With the ease of funding methods and a larger range of trading instruments and
platforms to use for trading – it is a more holistic trading experience with IC
Markets. Pepperstone, on the other hand, is exceptional with its service and
use of new trading tools to make the new investors love the platform
altogether. Pepperstone is highly recommended for the risk takers and the young
investors who need funding methods that match the techno-update instantly. IC
Markets is for the investors who have been trading for years and need a trusted
broking partner in their working.