JustMarkets vs Pepperstone (2026): regulation, platforms and costs compared

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Data refreshed 25 Sep 2026 · Compiled by David Ispiryan

JustMarkets

Trust rank #25 · Editorial rating 9 / 10 · Founded 2012

JustMarkets is a forex and CFD broker offering broad market access on MetaTrader platforms with multiple account options and flexible conditions. It provides education, market insights, and multilingual support in a straightforward,…

Read the JustMarkets review

Pepperstone

Trust rank #10 · Founded 2010

Pepperstone is a well-regarded forex broker offering access to forex and CFD markets through multiple trading platforms, with tools for analysis and risk management.

Read the Pepperstone review

JustMarkets (Mauritius, founded 2012) holds 3 regulatory licences (FSA Seychelles, FSC Mauritius, SVGFSA), offers MT4, MT5 and sits in our low-fee bracket. Pepperstone (Australia, founded 2010) holds 8 regulatory licences (ASIC, BaFin, CMA, CySEC, DFSA…), 3 of them tier-1, offers cTrader, MT4, MT5, TradingView and sits in our low-fee bracket. The two overlap in 224 countries; JustMarkets is available in 2 countries where Pepperstone is not, and Pepperstone in 5 where JustMarkets is not.

Verdict at a glance

  • Pepperstone leads on trust rank, track record, regulatory coverage, platform choice, country coverage and tier-1 licences.
  • Level on instrument range and fee level.

Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.

JustMarkets vs Pepperstone: side-by-side data

CriteriaJustMarketsPepperstone
Editorial rating9 / 10Not verified
Trust rank#25#10
Founded20122010
HeadquartersMauritiusAustralia
RegulatorsFSA Seychelles, FSC Mauritius, SVGFSAASIC, BaFin, CMA, CySEC, DFSA, FCA, FSCA, SCB
Broker typeECN, STPECN, STP
PlatformsMT4, MT5cTrader, MT4, MT5, TradingView
InstrumentsCommodities, Cryptocurrencies, Forex, Indices, MetalsCommodities, Cryptocurrencies, Forex, Indices, Metals
Countries accepted226 countries229 countries
Fee levelLowLow
Trading typesCFD Trading, Spot TradingCFD Trading, Spot Trading
Best-for use casesCopy Trading, Retail TradingCopy Trading, Professional Trading, Retail Trading

Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.

Pros

JustMarkets

  • High leverage up to 1:3000
  • Raw spread accounts with 0.0 pip spreads
  • Multiple account types: Cent, Standard, Pro, Raw
  • MT4/MT5 platform support
  • Copy trading available

Pepperstone

  • Raw spreads from 0.0 pips + low commissions
  • Ultra-low-latency market execution, deep liquidity
  • NDD/STP model with scalping, hedging, and EAs allowed
  • MT4/MT5, cTrader, TradingView, and API support
  • Top-tier regulation (FCA, ASIC)

Cons

JustMarkets

  • Offshore regulation (Seychelles FSA, Mauritius FSC)
  • No top-tier licenses (no FCA/ASIC/NFA)
  • No investor compensation scheme on offshore entities
  • Negative balance protection not consistent across entities
  • Limited platform choice (MT4/MT5 only)

Pepperstone

  • No guaranteed stop-loss orders
  • Negative balance protection limited to EU/UK retail clients
  • Not available to U.S. residents
  • CFDs-only offering (no real stocks/ETFs)
  • No proprietary trading platform

Key features

JustMarkets

  • MT4 and MT5 platforms
  • Wide range of forex crypto indices commodities and stocks CFDs
  • Raw spread ECN accounts
  • Leverage up to 3000 to 1
  • Copy trading platform
  • Negative balance protection and segregated client funds

Pepperstone

  • Agency model no dealing desk market execution
  • Razor raw spreads and Standard pricing
  • MT4 MT5 cTrader and TradingView platforms
  • Advanced tools Autochartist Smart Trader Tools cTrader Automate and VPS
  • Tier 1 regulation and segregated client funds ASIC FCA CySEC DFSA BaFin
  • Wide range of CFDs forex indices commodities shares and crypto where permitted

Country availability: JustMarkets vs Pepperstone

Available at both (224): Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands and 184 more.

Only JustMarkets (2): Belgium, Spain.

Only Pepperstone (5): Australia, Canada, India, Japan, United Kingdom.

Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.

JustMarkets vs Pepperstone: common questions

Which broker is more regulated, JustMarkets or Pepperstone?

Pepperstone holds more regulatory licences: JustMarkets (FSA Seychelles, FSC Mauritius, SVGFSA) versus Pepperstone (ASIC, BaFin, CMA, CySEC, DFSA, FCA, FSCA, SCB). Tier-1 licences: JustMarkets 0, Pepperstone 3.

Which trading platforms do JustMarkets and Pepperstone offer?

JustMarkets offers MT4, MT5; Pepperstone offers cTrader, MT4, MT5, TradingView.

Which has lower fees, JustMarkets or Pepperstone?

Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.

Which is older, JustMarkets or Pepperstone?

Pepperstone is the older of the two, founded in 2010; JustMarkets was founded in 2012.

Are JustMarkets and Pepperstone available in the same countries?

They overlap in 224 countries. JustMarkets is additionally available in 2 countries (Belgium, Spain) and Pepperstone in 5 countries (Australia, Canada, India, Japan, United Kingdom).

Keep comparing

JustMarkets

Pepperstone

Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.