Pepperstone
CMC Markets
VS
Higher Rated
Pepperstone
Capital at risk · T&Cs apply
Choosing between Pepperstone and CMC Markets depends on your trading style, preferred markets, and budget. Pepperstone is headquartered in Melbourne, Australia, while CMC Markets operates from London, UK. CMC Markets has the longer track record, established in 1989, compared to Pepperstone which was founded in 2010. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Pepperstone
CMC Markets
| Pepperstone | CMC Markets | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 4.0/5 |
| Min. Deposit | $200 | $0 ✓ |
| Spread from | 0 pips ✓ | 0.7 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | ASIC, FCA, CySEC | FCA, ASIC, MAS |
| Platforms | MT4, MT5, TradingView | Proprietary Web, Proprietary Mobile, MT4 |
Pepperstone is the better choice overall, scoring 4.1/5 vs 4.0/5 on BrokerRank's independent rating. On fees, Pepperstone offers lower spreads (0 pips).
See full side-by-side comparison belowPepperstone
CMC Markets
WinnerPepperstone
CMC Markets
Pepperstone holds licences from ASIC, FCA, CySEC. CMC Markets is regulated by FCA, ASIC, MAS.
Both brokers offer access to Forex, Cfd, Stocks, Indices markets. Pepperstone additionally covers Crypto. CMC Markets adds Commodities.
On spreads, Pepperstone is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.7 pips at CMC Markets.
Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. CMC Markets offers Proprietary Web, Proprietary Mobile, MT4. Both brokers are available on MT4, Proprietary Mobile.
Pepperstone requires a minimum deposit of $200, while CMC Markets sets no minimum deposit. This makes CMC Markets accessible to traders with any budget.
BrokerRank scores Pepperstone at 4.12/5 and CMC Markets at 4.04/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Pepperstone leads overall with a clear advantage.
Pepperstone
4.1/5
Choose Pepperstone if you want…
CMC Markets
4.0/5
Choose CMC Markets if you want…
Pepperstone scores higher overall on our independent rating system. Pepperstone holds a 4.1/5 rating vs CMC Markets's 4.0/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Pepperstone offers spreads from 0 pips, while CMC Markets starts at 0.7 pips. Check the fees section above for a full breakdown.
Pepperstone requires a minimum deposit of $200. CMC Markets requires $0.
Pepperstone is regulated by ASIC, FCA, CySEC, while CMC Markets holds licences from FCA, ASIC, MAS.
Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. CMC Markets supports Proprietary Web, Proprietary Mobile, MT4.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.