IC Markets vs Pepperstone: licences compared

Side-by-side view of each broker's licences, regulator tiers and key facts. Remember that protection depends on which entity holds your account.

AttributeIC MarketsPepperstone
Licence Score65Strong78Strong
Strongest licence 1 Tier 1 1 Tier 1
Licences on record57
1 FCA United Kingdom —Licensed · FRN 684312
1 ASIC Australia Licensed · AFSL 335692Licensed · AFSL 414530
1 BaFin Germany —Licensed
2 CySEC Cyprus Licensed · Licence 362/18Licensed · Licence 388/20
2 DFSA United Arab Emirates —Licensed
3 CMA (Kenya) Kenya LicensedLicensed
3 SCB Bahamas LicensedLicensed
4 FSA (Seychelles) Seychelles Licensed—
Founded20072010
HeadquartersAustraliaAustralia
TypeForex & CFD brokerForex & CFD broker
Publicly listedNoNo
PlatformsMT4, MT5, cTrader, TradingViewMT4, MT5, cTrader, TradingView
Minimum depositUS$200No minimum
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Frequently asked questions

Is IC Markets or Pepperstone better regulated?

Pepperstone has the higher Licence Score (78 vs 65), based on the number and tier of licences, operating history and public listing.

Which regulators license both IC Markets and Pepperstone?

Both are matched to licences from ASIC, CySEC, CMA (Kenya) and SCB.

Risk warning: CFDs and leveraged forex are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how they work and whether you can afford to take the high risk of losing your money. Read more.