Pepperstone versus CMC Markets

Pepperstone and CMC Markets, headquartered in Australia and the UK, are two established and well-trusted brokers. Pepperstone has one of the most competitive MT4/MT5 trading environments due to the Smart Trader Tools upgrade. It also features cTrader, while CMC Markets presents its cutting-edge proprietary web-based trading platform and the out-of-the-box MT4.

Trading costs at both brokers remain competitive, but Pepperstone takes the lead in its commission-based account, especially for active traders, due to its volume-based rebate program. CMC Markets offers a broader asset selection, but Pepperstone grants higher leverage and third-party social trading providers.

Both brokers offer beginners a high-quality educational section, but CMC Markets takes the lead in this category amid a more in-depth approach aided by superior research.

We have conducted an in-depth review of Pepperstone and CMC Markets to determine which one presents the better overall choice and which traders will benefit the most at either broker.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• Pepperstone versus CMC Markets - Verdict

Features and Platforms

Features & Platforms	Pepperstone (visit site)	CMC Markets (visit site)
Headquarter:	Australia	UK
Established :	2010	1989
Retail Loss Rate:	79.05%	72.00%
Regulation:
Minimum Deposit:	$200	$0
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee		$15 monthly after 12 months
Deposit Fee:
Withdrawal Fee	Third-Party	Third-Party
Funding Methods:	8	4
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:	Excellent MT4 upgrade with 28 plugins	Outstanding asset selection
Unique Feature Two:	VPS, Autochartist, and TradingView	In-depth educational content
Broker Offers:	See what Pepperstone offers	See what CMC Markets offers

Noteworthy:

Pepperstone offers algorithmic traders, scalpers, and high-frequency traders better conditions through higher leverage and lower costs, while CMC Markets shines with its wide asset selection.

Available Markets

Pepperstone maintains a well-balanced asset selection suitable for all traders and small asset managers, but CMC Markets offers a notably broader choice of trading instruments. With 330+ currency pairs, CMC Markets is one of the widest Forex brokers industry wide. Neither broker presents a deep cryptocurrency selection but both offer traders quality cross-asset diversification.

Typical Spreads and Fees

Trading costs at Pepperstone and CMC Markets remain competitive, but Pepperstone presents an overall lower pricing environment.