CMC Markets and Pepperstone offer very different services and features, as a result, each broker is best for different forex traders. We have broken our comparison down into the key features that will be relevant for most forex traders including:

  • Forex Spreads and Fees
  • Trading Account Types
  • Forex Trading Platforms
  • Other Products – Contracts For Difference (CFDs)
  • Social Trading Tools
  • Risk Management Tools
  • Funding – Deposits and Withdrawals
  • Customer Support
CMC Markets
Pepperstone

Regulations and Licenses

Feature
CMC Markets
Pepperstone
ASIC (Australia)
FCA (UK)
MAS (Singapore)
CYSEC (Cyprus)
IIROC (Canada)
FMA (New Zealand)
DFSA (Dubai)
BaFin (Germany)
SCB (Bahamas)
Unregulated

Brokerage

Feature
CMC Markets
Pepperstone
EUR/USD Avg. Raw Spread
-
0.17
GBP/USD Avg. Raw Spread
-
0.59
AUD/USD Avg. Raw Spread
-
0.24
EUR/USD Standard Spread
0.73
0.77
EUR/USD Fixed Spreads
Commissions (USD Base)
-
$3.50
Minimum Deposit
$0
$0
Swap Free Account
No Inactivity Fees
Funding Methods
6+
16+
No Funding Fees

Markets and Instruments

Feature
CMC Markets
Pepperstone
Currency Pairs
338+
62+
Cryptocurrency CFDs*
19+
12+
Index CFDs
46+
14+
Share CFDs
9,000+
300+
Commodities CFD
124+
9+
Stockbroking
9,000+
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
500:1
Retail Max. Leverage (The United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (The United Kingdom)
500:1
500:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
500:1
500:1
Retail Max. Leverage (UAE)
-
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (UAE)
-
500:1
Retail Max. Leverage (Canada)
Major Pairs: 52:1
Minor Pairs 16:1
Retail Max. Leverage (Singapore)
Major Pairs 20:1
Minor Pairs 10:1
Pro. Max. Leverage (Singapore)
500:1
Pro. Max. Leverage (Kenya)
-
Retail Max. Leverage (With offshore regulators)
Major Pairs 30:1
Minor Pairs 20:1
200:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
CMC Markets
Pepperstone
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

CMC Markets
Pepperstone