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CMC Markets vs Pepperstone : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

CMC Markets

CMC Markets

VS
Pepperstone

Pepperstone

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Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

Market maker

ECN broker

Years of Existence / Established Year

1989

2010

Customer Base / Number of Accounts

265k+

400,000 traders


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Regulation & Security

Regulations (governing bodies)

FCA, ASIC, CIRO, MAS, FMA

FCA, ASIC, DFSA, CySEC, CMA, BaFin, and SCB

Awards Won (count for the last 2 years)

Best Mobile Trading Platform, No.1 Most Currency Pairs, Best for CFDs -2024, No.1 Web Platform, Best Forex Broker, Best In-House Analysts 2023

2024 Forex Broker of the Year by BrokerWahl.de, TradingView Social Champion 2023

Security Measures

FSCS

FSCS

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

Yes

Yes


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

12,000+ tradable instruments including shares, Treasuries

1200+ trading assets including shares, currencies indices

Currency Pairs

Yes

Yes

Commodities

Yes

Yes

Indices

Yes

Yes

Cryptocurrencies

Yes

Yes

CFDs

Yes

Yes

ETFs

Yes

Yes

Stocks

No

No

Options

No

No

Futures

No

No

Bonds

Yes

No

Mutual Funds

No

No

Fractional Shares

Yes

No

Exchange Traded Notes (ETNs)

No

No

Precious Metals

Yes

No

Real Estate Investment Trusts (REITs)

No

No

Equities

No

No


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

Yes

Yes

MT5

No

Yes

cTrader

No

Yes

Social Trading

Yes

Yes

Copy Trading

Yes

Yes

Other Trading Platforms (proprietary, etc.)

CMC web platform, iOS and Android app

Pepperstone proprietary platform

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes


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Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Spread betting, CFD account , FX active, Corporate account

Standard and Razor account

Demo Account (Yes/No)

Yes

Yes

Islamic Accounts (Yes/No)

No

Yes

Minimum Deposit

$0

$0

Leverage Available

30:1 to 1:500

1:20 to 1:500

Trade Limit (maximum per trade)

No information

100 lots trading size

Commission (per account type)

Standard - No commission, FX active account- $2.50

Razor account - $3, Standard account -$0

Best Suited For (e.g., beginners, experienced traders)

Professional and retail traders

Beginner to experienced traders


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Deposit & Withdrawal Options

Deposit Methods

Bank transfer, Debit/credit card, Online banking

Credit/debit card, Bank transfer, e-wallets, Union pay, USDT

Withdrawal Methods

Bank transfer, Debit/credit card, Online banking

Credit/debit card, Bank transfer, e-wallets, Union pay, USDT

Other E-Wallets Supported

No

Neteller,skrill, PayPal


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Tools & Educational Resources

Economic Calendar

Yes

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Learn spread betting, Learn to trade CFDs, Learn forex trading, technical indicators, Fundamental analysis, Webinars & events, Platform guides, Trading guides

Trading Education Online Courses, Market Analysis and Insights, Webinars, Trading Guides and eBooks, Video Tutorials, The Daily Fix Market News and Analysis, Pepperstone Blog Trading Insights


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Fees & Commissions

Trading-Related Fees

CFD trading -US shares from $10; FX active - US shares from $10; Typical STP: Spread of 1.2 pips, Typical ECN: Spread of 0.2 pips, Spread- starts from 0.0 to 0.6 pips, Overnight holding costs: 0.0027%

Spread-1.2 pips

Spread (typical, fixed, variable)

Fixed/Variable

Variable

Per Lot Fees

$2.50

Razor account: $3.50 per lot, Raw account: $7 per lot, cTrader:$6 round trip per unit, TradingView: $7 roundtrip per unit

Options Contract Fees

NA

NA

Futures Contract Fees

NA

NA

Markup Fees on Spread

$5.00 per $100,000 in nominal value

1 pip on FX pairs

Guaranteed Stop Loss Fees

Crude Oil Brent $0.02 per unit, Apple Inc $0.41 per unit, US 30 $1.50 per unit, GBP/USD $0.00015 per

Charges apply

Maximum Leverage

1:500

1:500


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Non-Trading Fees

Dormant Fees

$0

$0

Subscription Fees (for premium features, data feeds)

ASX Dynamic Data package $41.25 a month (non-professional investors) $118.80 a month, International Data service fees (US) $11, International Data service fees (NZ) $11, Live Data package Free

NA

Advisory Fees

NA

NA

Swap Fees (Overnight Financing)

NA

Yes

Statement or Document Fee

NA

NA

Account Opening Fee

$0

NA

Account Maintenance Fee

NA

NA

Deposit Fee

$0

$0

Currency Conversion Fee

0.50%

Razor Account- $29.36, Standard Account - $48.12, Swap-free Account $58.78

Withdrawal Fee

$0

$0


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

No

No


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Trading Hours

Trading Hours (for each asset class if applicable)

Depends on the instrument offer

VIX 00:01 - 23:59 (Opens Monday 01:00; Friday close 23:55), NAS100 01:00 - 23:15, 23:30 - 23:59 (Closes Friday 23:55), HK Share CFDs 4:30-7:00, 8:00-11:00, US Share CFDs 16:31 - 22:55


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Customer Support

Support Hours (e.g., 24/7, weekdays only)

Monday to Friday from 8am to 8pm

24/7

Customer Support Methods (phone, email, live chat)

Email: [email protected], Phone: +44 (0)20 7170 8200

Phone: +1786 628 1209, Email: [email protected], Live chat

Support Languages

12+

8+


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Additional Information

Headquarters Location

CMC Markets UK plc, 133 Houndsditch, London, EC3A 7BX, United Kingdom

Melbourne, Australia

Complaints (for crypto brokers)

No

No


At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.
CMC Markets is known for competitive pricing on basic trades, especially for beginners. However, Pepperstone fee structure, though slightly higher, covers a broader range of services, making it more suitable for active traders.
If speed and simplicity matter to you, CMC Markets delivers a streamlined account setup. In contrast, Pepperstone includes more documentation and KYC checks, which can delay access but ensures strong compliance.
If you're looking for platform speed and ease of execution, CMC Markets delivers a smooth experience. Pepperstone, however, is tailored toward traders who want deeper analysis tools and portfolio insights.
CMC Markets strength lies in high-performance trading, while Pepperstone provides a more accessible route for everyday investors.