ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

CMC Markets vs Pepperstone 2021

Is CMC Markets better than Pepperstone? After testing 27 of the best forex brokers over five months, CMC Markets is better than Pepperstone. CMC Markets is a globally trusted broker that delivers a terrific offering for traders thanks to excellent pricing, nearly 10,000 tradeable instruments, and the Next Generation trading platform, which comes packed with quality research, innovative trading tools, and powerful charting.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature CMC Markets Pepperstone
Overall 5 4
Commissions & Fees 5 4
Offering of Investments 5 3.5
Platforms & Tools 5 4
Mobile Trading 5 4
Research 5 4
Education 4 4
Trust Score 99 92
CMC Markets Review Pepperstone Review
Winner check_circle
76% of retail CFD accounts lose money Between 74-89% of retail CFD accounts lose money

Regulation

Feature CMC Markets Pepperstone
Trust Score 99 92
Year Founded
1989 2010
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
4 2
Tier-2 Licenses
2 2
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature CMC Markets Pepperstone
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
Yes No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature CMC Markets Pepperstone
Forex Trading
Yes Yes
CFDs (Total)
9852 127
Forex Pairs (Total)
158 61
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes Yes

Cost

Feature CMC Markets Pepperstone
Average Spread EUR/USD - Standard
0.74 (August 2020) 1.16 (August 2020)
All-in Cost EUR/USD - Active
0.64 (August 2020) 0.86 (August 2020)
Active Trader or VIP Discounts
Yes Yes

Funding

Feature CMC Markets Pepperstone
Minimum Initial Deposit
$0.00 $200.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature CMC Markets Pepperstone
Proprietary Platform
Yes No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No Yes
DupliTrade
No Yes
ZuluTrade
No No

Trading Tools

Feature CMC Markets Pepperstone
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
9 (default MT4/cTrader)
Charting - Indicators / Studies (Total)
86 (Standard MT4/cTrader)
Charting - Drawing Tools (Total)
40 (Standard MT4/cTrader)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature CMC Markets Pepperstone
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
29 Default MT4/cTrader
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
Yes Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No

Research

Feature CMC Markets Pepperstone
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes Yes
AutoChartist
No Yes
Trading Central (Recognia)
Yes No
Delkos Research
No Yes
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

Feature CMC Markets Pepperstone
Has Education - Forex
Yes Yes
Has Education - CFDs
Yes No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature CMC Markets Pepperstone
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature CMC Markets Pepperstone
Overall 5 4
Commissions & Fees 5 4
Offering of Investments 5 3.5
Platforms & Tools 5 4
Mobile Trading 5 4
Research 5 4
Education 4 4
Trust Score 99 92
CMC Markets Review Pepperstone Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare CMC Markets vs Pepperstone.

Does CMC Markets or Pepperstone offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, CMC Markets offers better pricing overall for traders.

Is CMC Markets or Pepperstone safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. CMC Markets holds 4 global Tier-1 licenses, while Pepperstone holds 2. Both CMC Markets and Pepperstone hold 2 global Tier-2 licenses. All regulators considered, CMC Markets has a Trust Score of 99.00, while Pepperstone's Trust Score is 92.00.

Which trading platform is better: CMC Markets or Pepperstone?
To compare the trading platforms of both CMC Markets and Pepperstone, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, CMC Markets offers a better experience. With research, CMC Markets offers superior market research. Finally, we found CMC Markets to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. CMC Markets and Pepperstone both offer copy trading. Both CMC Markets and Pepperstone offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
CMC Markets provides traders 158 currency pairs (e.g., EUR/USD) compared to Pepperstone's 61 available pairs. Forex pairs aside, CMC Markets offers traders access to 9852 CFDs while Pepperstone has 127 available CFDs, a difference of 9,725.

Overall winner: CMC Markets

Read Next: Best Forex Brokers 2021

Related Comparisons

Trading CFDs, FX, and cryptocurrencies involve 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. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

arrow_drop_upBack to top