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IC Markets vs Pepperstone: licences, costs and platforms
Facts from both companies’ official pages and regulators’ registers, side by side. We show what the numbers say; the choice is yours.
Facts verified on October 7, 2026
Key differences
- Only IC Markets is licensed by FSA.
- Only Pepperstone is licensed by SCB, CMA (UAE), DFSA, FCA, and ASIC.
- Only Pepperstone supports M-Pesa and Mobile Money (MTN MoMo, Orange Money) for deposits and withdrawals.
Side by side
| Criterion | IC Markets | Pepperstone |
|---|---|---|
| Our score | Not rated yet | Not rated yet |
| Rating on other platforms | 4.4/5 (9,253) | 4.6/5 (37.8K) |
| Regulators | FSA, CySEC, CMA (Kenya) | SCB, CMA (Kenya), CMA (UAE), DFSA, FCA, CySEC, ASIC |
| Minimum deposit | No minimum | No minimum |
| Account types | Raw Spread, cTrader Raw Spread, Standard | Standard, Razor |
| Commission per lot (raw spread account) | $7 | $7 |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView | MetaTrader 5, cTrader, MetaTrader 4, TradingView |
| Maximum leverage | up to 1:5000 (FSA) | — |
| Swap-free (Islamic) account | On request | — |
| Deposit and withdrawal methods | Visa / Mastercard, PayPal, Neteller, Skrill, Bank transfer | M-Pesa (Kenya), Mobile Money (MTN MoMo, Orange Money; Uganda), Visa / Mastercard, PayPal, Neteller, Skrill, Bank transfer, Bank transfer (United Arab Emirates) |
| Retail CFD accounts losing money | 73.46% | 74.1% |
| Not available in | 5 countries | — |
| Founded | — | — |
| Headquarters | — | — |
| Read review | Read review |
Frequently asked questions
Which regulators license IC Markets and Pepperstone?
IC Markets is licensed by FSA, CySEC, and CMA (Kenya); Pepperstone by SCB, CMA (Kenya), CMA (UAE), DFSA, FCA, CySEC, and ASIC.
What is the minimum deposit at IC Markets and Pepperstone?
IC Markets: No minimum. Pepperstone: No minimum.
Which trading platforms do IC Markets and Pepperstone offer?
Both offer MetaTrader 4, MetaTrader 5, cTrader, and TradingView.
Which payment methods do IC Markets and Pepperstone support?
Both support Visa / Mastercard, PayPal, Neteller, Skrill, and Bank transfer for deposits and withdrawals. Only Pepperstone supports M-Pesa and Mobile Money (MTN MoMo, Orange Money) for deposits and withdrawals.
How are IC Markets and Pepperstone rated on other platforms?
IC Markets: 4.4/5 (9,253); Pepperstone: 4.6/5 (37.8K). These are ratings by app store and TradingView users, not a Wealth.cat score.
Full reviews
- IC Markets Not rated yet
- Pepperstone Not rated yet