CMC Markets

4.3(1400)

BaFin/FCA

Pepperstone

4.5(1800)

BaFin/FCA/ASIC

CMC Markets vs Pepperstone

Head-to-Head Comparison 2026

Our Verdict

Pepperstone has a higher rating of 4.5/5 compared to CMC Markets (4.3/5). Pepperstone offers 7 instrument types, while CMC Markets offers 6. CMC Markets has been in the market since 1989, making it the more experienced provider.

Comparison Table

Criteria	CMC Markets	Pepperstone
Rating	4.3/5 (1400 reviews)	4.5/5 (1800 reviews)✓
Regulation	BaFin/FCA	BaFin/FCA/ASIC
Fees	Spreads from 0.7 pip on forex, no commission on standard account	Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
Min. Deposit	0 €	0 €
Instruments	CFDs, Forex, Indices, Commodities, Stocks CFDs, Treasuries	Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices
Platforms	Next Generation, MT4, CMC Mobile	MT4, MT5, cTrader, TradingView
Options Trading	No, CFDs and spread betting	No, but over 1,200 CFD instruments
Founded	1989	2010
Headquarters	London	Melbourne

Detailed Comparison

Fee Comparison

CMC Markets: Spreads from 0.7 pip on forex, no commission on standard account. Minimum deposit: 0 €.

Pepperstone: Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. Minimum deposit: 0 €.

Product Range

CMC Markets (6 categories)

CFDsForexIndicesCommoditiesStocks CFDsTreasuries

Pepperstone (7 categories)

ForexCFDsIndicesCommoditiesStocks CFDsCryptoCurrency Indices

Trading Platforms

CMC Markets

Next Generation
MT4
CMC Mobile

Pepperstone

MT4
MT5
cTrader
TradingView

Regulation & Security

CMC Markets is regulated by BaFin/FCA (HQ: London).

Pepperstone is regulated by BaFin/FCA/ASIC (HQ: Melbourne).

Who Is It For?

CMC Markets

Award-winning Next Generation platform with over 12,000 products

✓ Award-winning Next Generation platform

✓ Over 12,000 CFD products

✓ BaFin-regulated

✗ Only CFD trading, no real stocks

✗ Inactivity fee after 12 months

Pepperstone

ECN broker with Razor account and ultra-fast execution

✓ Razor account with raw spreads from 0.0 pip

✓ Fast execution speed

✓ MT4, MT5, cTrader and TradingView

✗ No options trading

✗ No real stocks, only CFDs

Frequently Asked Questions

Is CMC Markets or Pepperstone cheaper?

CMC Markets charges Spreads from 0.7 pip on forex, no commission on standard account. Pepperstone charges Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. The minimum deposit is 0 € at CMC Markets and 0 € at Pepperstone.

Which broker offers more products: CMC Markets or Pepperstone?

CMC Markets offers CFDs, Forex, Indices, Commodities, Stocks CFDs, Treasuries. Pepperstone offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices.

Which broker is better regulated?

CMC Markets is regulated by BaFin/FCA. Pepperstone is regulated by BaFin/FCA/ASIC. CMC Markets has BaFin regulation, which is particularly advantageous for German investors. Pepperstone has BaFin regulation, which is particularly advantageous for German investors.

Is CMC Markets or Pepperstone better for beginners?

CMC Markets has a minimum deposit of 0 € and offers Next Generation, MT4, CMC Mobile as platforms. Pepperstone has a minimum deposit of 0 € and offers MT4, MT5, cTrader, TradingView. CMC Markets has the lower entry barrier.

CMC Markets vs Pepperstone: Which broker is better overall?

The choice between CMC Markets (4.3/5, 1400 reviews) and Pepperstone (4.5/5, 1800 reviews) depends on your needs. CMC Markets: Award-winning Next Generation platform with over 12,000 products. Pepperstone: ECN broker with Razor account and ultra-fast execution.

CMC Markets

Award-winning Next Generation platform with over 12,000 products

Open Account →

From 0 € min. deposit

Pepperstone

ECN broker with Razor account and ultra-fast execution

Open Account →

From 0 € min. deposit

CMC Markets read review →Pepperstone read review →