Trading CFDs carries a high risk of losing money rapidly. Confirm this broker's current loss-rate disclosure and regulated entity before opening an account. Read the full risk disclosure.
CMC Markets vs Pepperstone
A field-by-field comparison based on the current BrokaBoy catalogue. Check current pricing and the regulated entity on each broker's website before deciding.
Some figures on this page are taken from broker-published information and have not yet been checked against current terms. Confirm details on the broker's website.
Last updated: 4 October 2026 · Reviewed by BrokaBoy Research Team
| Field | CMC Markets | Pepperstone |
|---|---|---|
| BrokaBoy score | 9.3/10 | 9.2/10 |
| Trustpilot rating | Trustpilot 4.2 (3,386 reviews) | Trustpilot 4.2 (3,580 reviews) |
| Listed minimum deposit | $0 | $10 |
| Advertised spread from | 0.0 pips | 0.0 pips |
| Advertised maximum leverage | 1:30 | 1:400 |
| Regulators | FCA, ASIC, BaFin, MAS | FCA, ASIC, CySEC, DFSA, SCB, BaFin, CMA |
| Platforms | Next Generation, MetaTrader 4, CMC Mobile | MetaTrader 4, MetaTrader 5, cTrader, TradingView |
| Instruments | CFDs, Forex, Indices, Commodities, Crypto | Forex, CFDs, Indices, Commodities, Crypto |
| Account types | CFD, Professional, Corporate | Standard, Razor |
| Founded | 1989 | 2010 |
| Spread type | Variable spreads from 0.3 pips on major FX pairs. | Razor account quotes raw spreads from 0.1 pips; Standard account is commission-free with a markup. |
| Commission | Commission-free on FX, indices and commodities; share CFDs carry a per-trade commission. | Around $3.50 per lot per side on Razor; zero on Standard. |
| Overnight / swap | Holding costs applied nightly on leveraged positions. | Overnight financing charged or credited daily, with a triple debit mid-week. |
| Withdrawals | No withdrawal fee; inactivity fee charged after 12 months of no trading activity. | Free withdrawals to most cards and e-wallets; international wires may incur a bank fee. |
Key differences
- CMC Markets has a lower listed minimum deposit ($0 vs $10).
- CMC Markets has the higher BrokaBoy score (9.3/10 vs 9.2/10).
- Both brokers hold licences with FCA, ASIC, BaFin.
- Only CMC Markets lists Next Generation, CMC Mobile among its platforms.
- Only Pepperstone lists MetaTrader 5, cTrader, TradingView among its platforms.
Which should you choose?
- Choose CMC Markets if a lower listed opening deposit is your priority.
- Choose Pepperstone if you want the broader platform list shown in our catalogue (4 vs 3).
- Choose the broker whose regulated entity covers your country and provides the protections you need; confirm this on the regulator's register.
Frequently asked questions
Which has the lower minimum deposit, CMC Markets or Pepperstone?+
CMC Markets has the lower listed minimum deposit ($0 vs $10). Confirm current terms with each broker.
Are CMC Markets and Pepperstone regulated by the same authorities?+
They share FCA, ASIC, BaFin. CMC Markets lists FCA, ASIC, BaFin, MAS; Pepperstone lists FCA, ASIC, CySEC, DFSA, SCB, BaFin, CMA in our catalogue.
Which has the higher BrokaBoy score?+
CMC Markets scores 9.3/10 against 9.2/10. The score is calculated from advertised catalogue data and excludes Trustpilot ratings.
Do CMC Markets and Pepperstone support the same platforms?+
Both list MetaTrader 4. Pepperstone lists more platforms overall.
