Updated October 17, 2026 · BrokerCue Editorial Team
Markets.com vs Pepperstone
Markets.com vs Pepperstone: the differences
| Compare |  Markets.com |  Pepperstone |
|---|---|---|
| Minimum deposit | $100 | $10Lower |
| Stock trade fee | $0Lower | $0.020 |
| Markets | Stocks, ETFs, Forex, CFDs, Crypto, Bonds, Spread betting | Stocks, ETFs, Forex, CFDs, Crypto, Metals |
| Retail accounts that lose money | 72.4% | 74.1% |
| Platforms | Web Platform, Mobile App, MT4, MT5 | TradingView, MetaTrader 4, MetaTrader 5, CTrader, Pepperstone platform |
| Account fee | $0 | Not confirmed |
| Inactivity fee | $10 | Not confirmed |
| Regulators | CySEC, FCA, FSCA, ASIC | Not confirmed |
| Investor protection | EU ICS up to EUR 20,000 | Not confirmed |
| Currency conversion fee | 0.6% | Not confirmed |
| Deposit and withdrawal fees | no deposit or withdrawal fees | Not confirmed |
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Key differences
- Markets.com scores higher overall: 9.5 vs 9.2.
- Minimum deposit is lower at Pepperstone: $10 vs $100.
- Stock trade fee is lower at Markets.com: $0 vs $0.020.
- Markets: only Markets.com offers Bonds, Spread betting.
- Markets: only Pepperstone offers Metals.
- Platforms: only Markets.com offers Web Platform, Mobile App, MT4.
- Platforms: only Pepperstone offers TradingView, MetaTrader 4, MetaTrader 5.
- Support channels: only Markets.com offers Phone.
Our verdict on each
Markets.com
Markets.com suits retail traders who want stocks, forex, cfds, crypto and spread betting under a single account with no commission charged on share dealing. Stock trades carry fees of $0 and the account fee is $0, though the $100 minimum deposit and an inactivity charge of $10 are the figures to weigh.
Pepperstone
Pepperstone is a CFD broker with several platforms and a demo account. It suits active traders, though leveraged CFDs carry a high risk of quick losses.
Score breakdown
| Area | Markets.com | Pepperstone |
|---|---|---|
| Cost | 8.9Commission-free model: stock trades at fees of $0, account fee of $0, currency conversion of 0.6%. | 8.9 |
| Offer | 9.7Higher | 9.5 |
| Trust | 9.9 | Not confirmed |
Availability and regulation
| Country | Markets.com | Pepperstone |
|---|---|---|
| Australia | Not confirmed | |
| Cyprus | Not confirmed | |
| South Africa | Not confirmed | |
| United Kingdom | FCA 481853 | Not confirmed |
Side by side, item by item
| Markets | Markets.com | Pepperstone |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
| Bonds | Yes | No |
| Metals | No | Yes |
| Spread betting | Yes | No |
How they place
| Ranking | Markets.com | Pepperstone |
|---|---|---|
| Stock and ETF brokers | 49 of 471 | 22 of 471 |
Every fact side by side
| Fact | Markets.com | Pepperstone |
|---|---|---|
| Features | Mobile app, Copy trading, Demo account, Crypto | Not confirmed |
| Pricing model | Commission free | Not confirmed |
| Audience | Beginners, Experienced | Not confirmed |
| Legal entity | Finalto Financial Services Limited | Not confirmed |
| Support channels | Email, Phone, Help centreCovers more | Email, Help centre |
Where each stands against the rest
| Fact | Markets.com | Pepperstone | Median |
|---|---|---|---|
| Minimum deposit | $100above the median | $10below the median | $25 |
| Stock trade fee | $0at the median | $0.020above the median | $0 |
| Account fee | $0at the median | Not confirmed | $0 |
| Inactivity fee | $10above the median | Not confirmed | $0 |
| Retail accounts that lose money | 72.4%above the median | 74.1%above the median | 72.21% |
| Currency conversion fee | 0.6%above the median | Not confirmed | 0.45% |
Median across 136 listed brokers.
Pros and cons
Markets.com
Pros
- Stock trades carry fees of $0 on a commission-free model, so placing a share trade is not chargeable
- The account fee is $0, which ranks Markets.com at 1 of 138 brands on that measure
- Deposits and withdrawals carry no deposit or withdrawal fees, so moving money on and off the account stays cheap
Cons
- An inactivity charge of $10 catches dormant balances, placing Markets.com at 35 of 56 brands on that measure
- The minimum deposit of $100 is heavy, ranking at 148 of 213 brands, so a smaller opening balance rules it out
- A currency conversion fee of 0.6% sits on top of the commission-free model, so currency trades cost more than the share trades priced at $0
Pepperstone
Pros
- Several platforms, including MetaTrader, cTrader and TradingView.
- Two pricing styles, one all in and one commission based.
- A demo account with virtual funds before going live.
Cons
- Leverage can cause fast losses, and a high share of retail accounts lose money.
- Overnight positions can pay or earn interest, with larger midweek rollovers.
- Withdrawals must go to an account or card in your own name.
Who each suits
Markets.com
Who it suits
- Retail traders who want stocks, forex, cfds, crypto and spread betting inside a single account
- Investors who trade often enough to clear the $100 minimum and steer clear of the $10 inactivity charge
- UK residents who want the account run by Finalto Financial Services Limited under the FCA
Who should look elsewhere
- Anyone opening with a small balance, since the $100 minimum deposit compares with a site median of €4.64 while CFI takes $0 and Vantage takes $5
- Long term holders of an idle balance, because an inactivity charge of $10 applies
- Traders who mainly want forex and the lowest way in, since CFI and Vantage set minimum deposits at $0 and $5
Pepperstone
Who it suits
- Traders who want a choice of MetaTrader, cTrader and TradingView.
- Frequent FX, gold or index CFD traders.
Who should look elsewhere
- Anyone who cannot accept fast losses from leverage.
- Long term investors who want to own shares outright.
Questions about each
Markets.com
Does Markets.com charge commission on shares?+
The pricing model is commission-free, and stock trades carry fees of $0 on the trade itself. Currency conversion of 0.6% and an inactivity charge of $10 sit outside that figure, so regular traders should build both into the running cost.
Is there a monthly or annual account fee?+
Fees run $0 on the account, which ranks Markets.com at 1 out of 138 brands on that measure. Deposits and withdrawals carry no deposit or withdrawal fees as well, so funding the account and taking money back out stay clear of extra charges.
Pepperstone
Does Pepperstone charge fees on deposits or withdrawals?+
The company charges no internal funding or withdrawal fees, though your bank or payment provider may apply its own charges. Deposits can be made by debit or credit card, digital wallet, or domestic and international bank transfer. Withdrawals must go to an account or card in the same name.
Can I practise on a demo account first?+
Yes. A demo account uses virtual funds in a live market environment and runs on the same platforms as live accounts. You can test strategies, try order types and explore charts and indicators without risking capital. Demo accounts cannot be reactivated once closed, so keep notes on what you tested.
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