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CLMarkets vs Pepperstone

CLMarkets or Pepperstone – which is better for UK traders 2024? Compare CLMarkets and Pepperstone in this detailed breakdown of their platforms, features and fees.

CLMarkets vs Pepperstone Comparison Table 2024
CLMarkets	Pepperstone

Not Rated	4.8
CLMarkets is ranked #91 among CFD brokers.	Pepperstone is ranked #6 among CFD brokers.
Review	Review
CLMarkets is a CFD and forex broker offering 100+ instruments on the MetaTrader 4 platform and trading app. Traders also benefit from copy trading via DupliTrade and educational materials through Trader's Edge.	Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for traders at all levels.
	CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.1% of retail investor accounts lose money when trading CFDs.
Pros
Full range of investments MetaTrader 4 integration Good execution speed Low minimum deposit Demo account Copy trading	Pepperstone boasts impressive execution speeds, averaging around 30ms, facilitating fast order processing and execution that’s ideal for trading. There’s support for a range of industry-leading charting platforms including MT4, MT5, TradingView, and cTrader, catering to various short-term trading styles, including algo trading. Pepperstone emerges as a low-cost broker, especially for serious traders with spreads from 0.0 in the Razor account and rebates of 25%+ through the Active Trader program. Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing. Now offering spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools.
Cons
Weak regulation	Pepperstone’s demo accounts are active for only 30 days, which may not be not long enough to familiarize yourself with the different platforms and test trading strategies. Pepperstone does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets, though it has introduced an intuitive copy trading app. Despite enhancements to its range of markets, crypto offerings are relatively limited compared to other brokers such as eToro, with no option to invest in real coins.
Awards
	Best Forex Broker - DayTrading.com 2024 Best Overall Broker - DayTrading.com 2023 Best Trading App - DayTrading.com 2022 Best Forex Broker - DayTrading.com 2021 Best MT4 Broker - Good Money Guide 2023 #1 Overall Client Satisfaction - UK Investment Trends 2022 #1 Value for Money - UK Investment Trends 2022 #1 Quality of Trade Execution - UK Investment Trends 2022 #1 Ease of Platform Navigation - UK Investment Trends 2022 #1 Charting - UK Investment Trends 2022 Best Forex Broker Overall - Compareforexbrokers.com 2022 Best MT4 Broker - Good Money Guide Best MT4 Broker 2022 Top 5 MetaTrader brokers - Broker Chooser Top 5 MetaTrader Brokers 2022
FCA Regulated
No List of FCA Regulated Brokers	Yes
Instruments
CFDs, Forex, Stocks, Cryptos, Commodities	CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto (only Pro clients), Spread Betting
Demo Account
Yes	Yes
Minimum Deposit
$100	$0
Payment Methods
Credit Cards Debit Card Mastercard Neteller Skrill Visa Wire Transfer	Credit Cards Debit Card Mastercard Neteller PayPal Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
SVGFSA	FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
Mobile Apps
iOS & Andriod	iOS & Android
Trading App
	Pepperstone excels for its excellent integration with the MT4, MT5, cTrader, and TradingView apps, making it a standout option for traders familiar with these leading third-party trading solutions. These platforms deliver a stable and reliable mobile trading experience, enhanced by Pepperstone’s almost unrivalled execution speeds and wide range of asset classes.
iOS App Rating
	4.4
Android App Rating
	4.1
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	Yes
cTrader
No	Yes
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	Yes
Autochartist
No	Yes
eSignal
No	No
Trading Central
No	No
STP Account
No	Yes
ECN Account
Yes	Yes
DMA Account
Yes	Yes
MAM Account
No	Yes
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	Yes
Copy Trading Platform
Copy the trades of expert investors via the DupliTrade terminal. Choose from a range of strategies and find a trading system that aligns with your risk tolerance.	Pepperstone facilitates the replication of experienced traders' strategies through MetaTrader Signals, DupliTrade and now its own copy trading app (available in certain regions) through a partnership with Pelican Trading, providing access to thousands of experienced traders and personalized risk parameters. On the downside, it lacks support for cTrader Copy which may deter users familiar with the terminal from Spotware.
Social Trading
No	No
Trade Signals
	Yes (Via Chartist Software)
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	$0
Islamic Account
No	Yes
Account Currencies
USD EUR GBP	USD EUR GBP CAD AUD NZD JPY CHF HKD SGD
Commodities
Oil Gasoline Gold Silver Copper Platinum Palladium Natural Gas	Gold Silver Oil Corn Palladium Precious Metals Platinum Copper Gasoline Cocoa Coffee Cotton Livestock Sugar Wheat Natural Gas Soybeans Orange Juice Aluminium Nickel Zinc
CFD
CLMarkets offers competitive trading conditions on a range of contracts for difference.	Pepperstone maintains its position as one of the fastest and most dependable CFD brokers during our latest round of testing. With execution speeds averaging around 30ms and an outstanding fill rate of 99.90%, the broker ensures a seamless trading experience without requotes or dealing desk interference. It also provides ample trading opportunities across over 1,300 assets.
Leverage
1:500	1:30 (Retail), 1:500 (Pro)
FTSE Spread
2.7 pips av	1.0
GBPUSD Spread<
N/A	0.4
Oil Spread
0.3 pips av	2.5
Stocks Spread
Variable	0.02
Forex
Trade 50+ major, minor and exotic currency pairs with flexible leverage and floating spreads from 0.0 pips.	Pepperstone offers ultra-competitive forex spreads averaging 0.12 pips on EUR/USD in the Razor account, accompanied by a diverse portfolio comprising 100+ currency pairs - an extensive selection surpassing most competitors. Additionally, Pepperstone distinguishes itself by offering three currency indices (USDX, EURX, JPYX), not commonly found among alternative platforms. Pepperstone has now won our annual 'Best Forex Broker' award twice.
Assets
54	100+
GBPUSD Spread
N/A	0.4
EURUSD Spread
0.4 pips av	0.1
EURGBP Spread
0.9 pips av	0.4
Currency Indices
	USD EUR JPY
Cryptocurrency
Invest in seven popular digital currency coins with USD crosses.	Pepperstone continues to prove itself as one of the most trusted crypto brokers. Although its selection of digital tokens is average, you can trade popular cryptos like Bitcoin and altcoins like Ripple with up to 1:10 leverage, while its crypto indices provide a holistic view of the digital currency markets not found on most trading platforms.
Spread
Variable	BTC 30, ETH 0
Coins
BTC LTC ETH XRP DSH ETC BCH	BCH BTC ETH LTC DASH ADA LINK DOGE EOS DOT XRP XLM XTZ UNI BNB
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

CLMarkets	Pepperstone
Review	Review
	CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.1% of retail investor accounts lose money when trading CFDs.
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