Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare CMC Markets vs Pepperstone.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. CMC Markets's score is 5 stars versus Pepperstone's 4 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. CMC Markets alongside Pepperstone are regulated in a major hub. CMC Markets is a publicly traded company, while Pepperstone is not. How many currency pairs are available to trade? CMC Markets offers its clients access to 183 different currency pairs while Pepperstone has 59 available pairs, a difference of 124.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Pepperstone offers Meta Trader while CMC Markets does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Pepperstone boasts an offering of 31 charting tools compared to CMC Markets's 24 available charting tools. Pepperstone trails CMC Markets by 30 total different indicators (for example, moving averages), with CMC Markets offering 81 and Pepperstone offering 51.
Overall, CMC Markets boasts 4.5 stars versus Pepperstone's 3.5 stars. And, when it comes to individual category awards, neither CMC Markets nor Pepperstone were rated Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education.