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
Pepperstone
CMC Markets
Our Rating
9.33
7.17
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
73% of retail investor accounts lose money when
spread betting and/or trading CFDs with this provider

Regulations and Licenses

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

Brokerage

Feature
Pepperstone
CMC Markets
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
0.75
-
EUR/USD Fixed Spreads
-
-
Commissions (USD Base)
$3.50
-
Minimum Deposit
$0
$0
Swap Free Account
No Inactivity Fees
Funding Methods
16+
6+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
CMC Markets
Currency Pairs
62+
338+
Cryptocurrency CFDs*
12+
19+
Index CFDs
14+
46+
Share CFDs
300+
9,000+
Commodities CFD
9+
124+
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)
200:1
Major Pairs 30:1
Minor Pairs 20:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations

Trading Platforms + Tools

Feature
Pepperstone
CMC Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account
Unique Feature
Smart Trader Tools
Offers both CFD and Stock trading

Overall

Pepperstone
CMC Markets