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CMC Markets vs Pepperstone: Comparison and Analysis

Trying to figure out whether to use CMC Markets or Pepperstone? This comparison article lays out the features of both brokers in detail, so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of CMC Markets and Pepperstone side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below, or use the quick menu to jump to the relevant section.

Open Account
78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.
CMC Markets review
Open Account
74-89% of retail investor accounts lose money when trading CFDs
Pepperstone review

Overall Ratings


Rated
79
Rated
90

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

  • CMC Markets
  • Pepperstone

Security 95
Security 94

Cost 58
Cost 78

Trading 75
Trading 100

Education 81
Education 71

Company Info


Foundation
1989
2010
Is it Regulated?
Is it Publicly Traded?
Is it a Bank?
Segregated Clients Funds ?
No-ESMA Branches? ?
Accepts EU Clients?
Accepts US Clients?
Accepts Canadian Clients?
Website Languages
en, de, es, fr, nor, pol, swe, it, chi
en, ar, es, pol, ru, ko, viet, it, chi

Leverage


Non-EU Leverage ?
500:1
200:1
European Leverage ?
30:1
30:1
Australian Leverage ?
500:1
30:1
US Leverage ?
0
0
Canadian Leverage ?
100:1
0

Tier 1 Regulation


FSA ?
MAS ?
FINMA ?
FCA ?
CFTC ?
MIFID-ESMA ?
ASIC ?
IIROC ?
SFC ?

Tier 2 Regulation


FMA ?
CBR ?
FSCA ?
SEC ?
DFSA ?
CBRC ?
CySEC ?
ISA ?

Tier 3 Regulation


Offshore ?
MMA (Maldives) ?
EDR ?
FSA (Seychelles) ?
SCB (Bahamas) ?
FSC (Mauritius) ?
VFSC (Vanuatu) ?
IFSC (Belize) ?
CIMA (Cayman Islands) ?
SVG (Saint Vincent and the Grenadines) ?
FSRC (St. Kitts & Nevis) ?
BMA (Bermuda) ?
BVI (British Virgin Islands) ?

Brand Power


SimilarWeb - Website Ranking
42981
399331
SimilarWeb - Total Visits
416901
Facebook Likes
28984
66224
Twitter Likes
1800000
Instagram Likes
192258

Deposit and Withdrawal


Minimum Deposit ?
Minimum Withdraw ?
Credit Card ?
Bank Transfer ?
PayPal
Neteller
Skrill
Other Methods Available ?
Bpay, POLi, UnionPay
Deposit Waiting Time ?
1-2 business days
1 business day
Withdraw Waiting Time ?
1-2 business days
1 business day
Bonus Program ?

Costs and Fees


Deposit Fees ?
Withdrawal Commissions ?
Overnight/Swap Fee ?
Inactivity Fee ?
Conversion Fee ?

Account Types


Demo Account ?
Demo Account Expiration ?
Account Currencies ?
EUR, USD
AUD, EUR, GBP, USD, CAD, CHF, HKD, JPY, NZD, SGD
Standard Account ?
Micro Account ?
Low-cost Account ?
Variable Spread Account ?
Fixed Spread Account ?
Zero Spread Account ?
ECN Account ?
Swap Free Account ?
Islamic Account ?
Professional Traders Account ?
Active Trader Program ?

Commodities


Crude Oil ?
3.0
0.5
Natural Gas ?
0.3
5.0
Silver ?
2.5
0.5
Platinum ?
10.0
Copper ?
2.0
Soybeans ?
0.9
Corn ?
1.5
Gold ?
0.3
0.5

Forex Fixed Spreads


EUR/GBP Spread
EUR/USD Spread
USD/JPY Spread
GBP/USD Spread
USD/CHF Spread
AUD/USD Spread
USD/CAD Spread
NZD/USD Spread

Forex Variable Spreads


EUR/USD Average Spread
0.7
0.09
USD/JPY Average Spread
0.7
0.19
USD/CHF Average Spread
1.5
0.35
GBP/USD Average Spread
0.9
0.38
USD/CAD Average Spread
1.7
0.27
AUD/USD Average Spread
0.7
0.17
NZD/USD Average Spread
1.8
0.32
EUR/GBP Average Spread
1.1
0.41

Fees on Stocks


Apple
0.02
Facebook
0.02
Alphabet
0.02
Snapchat
0.02
BP
0.02
Tesco
0.02
Barclays
Lloyds

Fees on Indices


FTSE100
1.0
1.05
S&P500
5.0
0.47
Dow Jones
3.0
2.0
Nasdaq
1.0
2.0
CAC40
1.0
DAX30
3.0
0.9
Nikkei 225
7.0
8.0
Euro Stoxx 50
2.0
2.0

Fees on Cryptocurrencies


Bitcoin
1
1
Ethereum
1.4
$4.0
Ripple
40.0
0
Litecoin
45.0
$3.0
Bitcoin Cash
1.8
$4.0
Dash
5.0
$3.0
Monero
10.0
0
Neo
10.0
0

Platforms


cTrader Desktop
cTrader Web
Mirror Trader
ZuluTrade ?
MT4 Dekstop
MT4 Web
MT5 Desktop
MT5 Web
Proprietary Desktop Platform
Proprietary Web Platform
MAC Platforms
Sirix

Mobile Trading


Android ?
iOS ?
Windows ?
Trading Signals on Mobile ?
Smart Watch App ?
Forex Trading ?
CFD Trading ?
Alerts ?
Chartings-Drawing Tools ?
Mobile Available Language ?
en, de, es, fr, nor, pol, swe, it
en, ar, es, po, ko, viet, chi
Watchlist Mobile ?

Available Markets


Forex Pairs ?
339
70
Crypto ?
339
70
Commodities ?
111
15
Stocks ?
9451
61
Indices ?
46
14
ETF ?
Futures ?
1
Options ?
1
Bonds ?
1
Metal ?
2
5
Agricultural ?
10
5
Energies ?
4
5
Interest Rates ?
Penny Stocks ?
IPO ?
Blends ?
Dow Jones ?
FTSE ?
Dax ?
Nikkei ?
Gold Market ?
Bitcoin ?
Real Assets ?

Trading Execution


Direct Market Access (DMA) ?
Straigh Through Processing (STP) ?
Electronic Communication Network (ECN) ?
Market Maker ?
Non Dealing Desk (NDD) ?
FIFO Applies? ?
4 Digits Decimal Pricing ?
5 Digits Decimal Pricing ?

Risk Management


Stop Losses ?
Take Profits ?
Limit Orders ?
Trailing Stop ?
Margin Call ?
OCO Orders ?
Guaranteed Stop Loss ?
Negative Balance Protection ?
Minimum Trade Size ?
0.01 lots
0.01 lots
Maximum Trade Size ?
100 lots
100 lots

Special Trading Conditions


MAM ?
PAMM ?
Social Trading ?
Copy Trading ?
LAMM ?

Available Trading Techniques


Scalping ?
Hedging ?
Spread Betting ?
Expert Advisor (EA) ?
Virtual Private Server ?
API ?

Trading Tools


One-Click Trading ?
Signal Trading ?
Price Alerts ?
Number Chart Indicators ?
81
51
Number Chart Drawing Tools ?
24
31
Trade Directly From Chart ?
Watchlist ?

Education


Education Center ?
Webinars
Platform Tutorial Video ?
Video on Trading for Beginners ?
Video on Trading for Experts ?
Tutorial Guide
Glossary

Customer Support


Call Back Request ?
Email Support
Phone Support
Live Chat
Support Language Available
en, de, es, fr, nor, pol, swe, it, chi
en, ar, es, pol, ru, thai, ko, viet, it, chi

Research


Professional Reports
Social Trading Features - Social Feeds ?
Economic Calendar
Daily Email With Trading Ideas
Analysis From Trading Central (Recognia)
Analysis From Delkos Research
AutoChartist
Traders Sentiment ?
News via Twitter
News via FaceBook
Daily Market Commentary

CMC Markets vs Pepperstone: Which Broker Should You Choose?

Choosing a broker is a crucial step in your trading journey, as it affects your trading experience, trading costs, and security. In this comparison summary, we will be comparing CMC Markets and Pepperstone based on their security, demo account, account opening, social-copy trading, markets, trading fees, platforms, education/customer care, and other relevant factors to help you decide which broker is best for you.

Security: CMC Markets (95) vs Pepperstone (94)

Both CMC Markets and Pepperstone are well-regulated brokers, with CMC Markets being regulated by ASIC, FCA, MAS, FMA, and IIROC, while Pepperstone is regulated by FCA, ASIC, DFSA, CySEC, SCB, and CMA. CMC Markets has a higher security rating than Pepperstone, but both brokers are considered safe and reliable.

Demo Account

CMC Markets offers an unlimited demo account with virtual funds of $10,000, and you can open multiple CMC Markets demo accounts with the same email. In contrast, Pepperstone offers a 30-day demo account for MT4 and MT5 accounts and an unlimited demo account for cTrader accounts. The virtual funds for Pepperstone’s demo account are $50,000, and they can be restored by contacting customer support.

Account Opening

CMC Markets has no minimum deposit, and they offer account currencies in GBP, EUR, USD, AUD, CAD, NOK, NZD, PLN, SEK, SGD. Payment methods include wire transfers, credit/debit cards, and eWallets. CMC Markets offers various account types, including CFD account, Stockbroking account, Spread betting account, FX active account, Corporate account, and Professional account for advanced traders. On the other hand, Pepperstone does not have a minimum deposit requirement, and they offer account currencies in over 10 base currencies, including USD, EUR, AUD, and GBP. Payment methods include wire transfers, credit/debit cards, eWallets, and several local payment methods. Pepperstone offers different account types, including Standard account, Razor account, Spread Betting account, MAM/PAMM account, and Professional account for advanced traders.

Social-Copy Trading

CMC Markets offers copy-social trading on their CFD proprietary platform called Next Generation. Pepperstone, on the other hand, does not offer copy-social trading directly, but they do allow traders to engage in copy trading through third-party platforms such as Duplitrade and Myfxbook.

Markets

CMC Markets offers a vast range of markets, including 338 forex pairs, 110+ commodities, 82 indices, 124 crypto assets, 55 bonds, 12,500+ CFD shares and ETFs, and 35,000+ real stocks, ETFs, warrants, and options. This makes CMC Markets a suitable broker for both short-term and long-term investments. Pepperstone, on the other hand, offers CFD trading only and has a limited range of markets, including 70 forex pairs, 15 commodities, 14 indices, 70 crypto assets, 60+ stocks, and 0 ETFs, futures, and options. This makes Pepperstone a better option for short-term investing than long-term investing.

Trading Fees

Both brokers have variable spreads, but CMC Markets has slightly higher spreads compared to Pepperstone. CMC Markets’ spreads start from 0.7 pips on forex and 0.3 pips on indices, while Pepperstone’s spreads start from 0 pip on forex (lower than the market average). CMC Markets does not charge any brokerage commission on US, UK, Canada, and Japan markets, and they do not charge any commission on Aussie shares up to $1,000 per stock per trading day. Pepperstone charges commissions per lot traded, up to $7 per lot, and variable spreads on stocks. These low spreads and commissions make Pepperstone a good broker for scalping.

Platforms

CMC Markets offers a proprietary platform for both CFD and real stocks trading, available via web and mobile, as well as MT4 available via desktop and mobile. In contrast, Pepperstone does not offer proprietary platforms, but they do offer MetaTrader 4 (MT4) available via webtrader, desktop, and mobile, MetaTrader 5 (MT5) available via webtrader, desktop, and mobile, and cTrader available via webtrader, desktop, and mobile. All the platforms offered by Pepperstone allow traders to engage in algo trading, and Pepperstone also offers VPS services.

Education/Customer Care

Both brokers offer educational material, but CMC Markets provides more comprehensive educational material, including webinars, ebooks, podcasts, video trading, and trading guides. Pepperstone offers a good range of educational material, but it is mostly for beginner traders, so professional/advanced traders may not find the content useful other than Pepperstone webinars. Both brokers offer easy access to customer care via email, phone, and live chat, and they provide customer support in multiple languages. Pepperstone won the “Best Customer Service in Europe” award in 2019.

Conclusion

In summary, both CMC Markets and Pepperstone are well-regulated brokers with good security ratings, and they offer various trading instruments, account types, and payment methods. CMC Markets has more markets, a higher security rating, and a more comprehensive educational material. In contrast, Pepperstone has lower spreads, no minimum deposit requirement, and allows traders to engage in algo trading. Therefore, if you are looking for a broker with more markets, a more comprehensive educational material, and a higher security rating, CMC Markets may be the better option for you. On the other hand, if you are looking for a broker with lower spreads, no minimum deposit requirement, and allows algo trading, Pepperstone may be the better option for you. Ultimately, the choice between these two brokers depends on your trading style, preferences, and needs.

Better Informed
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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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