Comparison of FP Markets and Pepperstone
| Feature | FP Markets | Pepperstone |
|---|---|---|
| Broker | ||
| Year Founded | 2005 | 2010 |
| Broker Type | ECN | ECN, DMA |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | ASIC, CySEC, FSCA, SVGFSA, SFSA | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:500 | 1:500 |
| Minimum Deposit | $100 | $1 |
| Base Currencies | USD, AUD, EUR, GBP, SGD, CHF, CAD, NZD, JPY, HKD, PLN, ZAR, MXN, BRL | USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, SticPay, FasaPay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, USDT (Tether), USDC (USD Coin), TUSD (TrueUSD), BTC (Bitcoin), BCH (Bitcoin Cash), ADA (Cardano), DASH (Dash), ETH (Ethereum), LTC (Litecoin), XRP (XRP), ZEC (Zcash) | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether) |
| Inactivity Fee | ✖ | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
| Protection Size | €20 000 | £85 000 / €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✔ | ✔ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✔ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | FP Markets Review | Pepperstone Review |
About FP Markets
FP Markets is an Australian Forex and CFD broker founded in 2005 and regulated by ASIC, CySEC, and FSCA. It combines ECN pricing-RAW spreads from 0.0 pips and execution as fast as 0.02 seconds on Equinix NY4 servers-with a modest 100 AUD minimum deposit. Clients can trade via MetaTrader 4/5, cTrader, TradingView, or the Iress ViewPoint DMA platform, accessing more than 10000 instruments across forex, shares, indices, commodities, and crypto. The broker also supports passive strategies through Myfxbook AutoTrade, Signal Start, and MAM/PAMM solutions, while offering fee-free deposits and 24/7 multilingual customer support.
Pros
- Strong regulation with segregated client funds (ASIC, CySEC, FSCA)
- RAW ECN spreads from 0.0 pips and $6 round-turn commission per lot
- Execution speeds under 40 ms on NY4-ideal for scalping and algos
- Wide platform choice: MT4/5, cTrader, TradingView, and Iress ViewPoint
- 10000+ tradable instruments and numerous zero-fee funding options, including crypto
- Comprehensive analytics, education resources, and 24/7 multilingual support
Cons
- Iress ViewPoint incurs a monthly fee unless volume requirements are met
- Commission on RAW accounts may deter micro-lot traders
- No welcome bonuses or promotional offers
- Not available to clients in the USA and certain restricted jurisdictions
About Pepperstone
Pepperstone is a globally recognized forex and CFD broker renowned for its competitive pricing, advanced trading platforms, and superior customer service. Founded in 2010 and headquartered in Melbourne, Australia, Pepperstone has grown to become a trusted name in online trading. With multiple regulatory licenses from top-tier authorities, including ASIC, FCA, and CySEC, the broker offers a secure and transparent trading environment. Whether you're a novice or an experienced trader, Pepperstone provides a range of tools and features to enhance your trading journey.
Pros
- Tight spreads starting from 0.0 pips on Razor accounts
- Regulated by multiple top-tier authorities (ASIC, FCA, CySEC, etc.)
- Access to advanced trading platforms like MetaTrader 4/5 and cTrader
- Excellent for scalping and algorithmic trading with fast execution speeds
- No minimum deposit requirement, making it accessible to all traders
- Dedicated 24/5 multilingual customer support
Cons
- Limited in-house educational resources for beginners
- Limited availability of bonus offers or promotions
FP Markets & Pepperstone Regulation
| Feature | FP Markets | Pepperstone |
|---|---|---|
Companies | First Prudential Markets Pty Ltd, First Prudential Markets Ltd, FP Markets (PTY) Ltd, FP Markets LLC, First Prudential Markets Limited | Pepperstone Group Limited, Pepperstone Markets Limited, Pepperstone EU Limited, Pepperstone Financial Services (DIFC) Limited, Pepperstone GmbH, Pepperstone Markets Kenya Limited, Pepperstone Limited |
Countries | Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles | Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom |
Regulators | ASIC, CySEC, FSCA, SVGFSA, SFSA | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA |
Investor Protection | Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | £85 000 / €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
FP Markets
First Prudential Markets Pty Ltd, First Prudential Markets Ltd, FP Markets (PTY) Ltd, FP Markets LLC, First Prudential Markets Limited
Pepperstone
Pepperstone Group Limited, Pepperstone Markets Limited, Pepperstone EU Limited, Pepperstone Financial Services (DIFC) Limited, Pepperstone GmbH, Pepperstone Markets Kenya Limited, Pepperstone Limited
Countries
FP Markets
Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles
Pepperstone
Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom
Regulators
FP Markets
ASIC, CySEC, FSCA, SVGFSA, SFSA
Pepperstone
ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA
Investor Protection
FP Markets
Investor Compensation Fund (ICF)
Pepperstone
UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF)
Investor Protection Size
FP Markets
€20 000
Pepperstone
£85 000 / €20 000
Publicly Traded
FP Markets
Pepperstone
Segregated Accounts
FP Markets
Pepperstone
Guaranteed Stop Loss
FP Markets
Pepperstone
Negative Balance Protection
FP Markets
Pepperstone
Account Types
| Account | FP Markets | Pepperstone |
|---|---|---|
ECN Account | ||
| Account Name | Standard | Standard |
| Min Deposit | $100 | $1 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 1 | 1 |
| Fee | No | No |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 50% | 20% |
| Margin Call | 100% | 90% |
Zero Account | ||
| Account Name | Raw | Razor |
| Min Deposit | $100 | $1 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0 | 0 |
| Fee | $6 per 1 lot | $7 per 1 lot |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 50% | 20% |
| Margin Call | 100% | 90% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
ECN Account
Account Name
FP Markets
Standard
Pepperstone
Standard
Min Deposit
FP Markets
$100
Pepperstone
$1
Lot Size
FP Markets
0.01
Pepperstone
0.01
Spread Type
FP Markets
Floating
Pepperstone
Floating
Execution
FP Markets
Market
Pepperstone
Market
Min Spread
FP Markets
1
Pepperstone
1
Fee
FP Markets
No
Pepperstone
No
Max Leverage
FP Markets
1:500
Pepperstone
1:500
Stop Out
FP Markets
50%
Pepperstone
20%
Margin Call
FP Markets
100%
Pepperstone
90%
Zero Account
Account Name
FP Markets
Raw
Pepperstone
Razor
Min Deposit
FP Markets
$100
Pepperstone
$1
Lot Size
FP Markets
0.01
Pepperstone
0.01
Spread Type
FP Markets
Floating
Pepperstone
Floating
Execution
FP Markets
Market
Pepperstone
Market
Min Spread
FP Markets
0
Pepperstone
0
Fee
FP Markets
$6 per 1 lot
Pepperstone
$7 per 1 lot
Max Leverage
FP Markets
1:500
Pepperstone
1:500
Stop Out
FP Markets
50%
Pepperstone
20%
Margin Call
FP Markets
100%
Pepperstone
90%
Additional Features
Demo Account
FP Markets
Pepperstone
VIP Account
FP Markets
Pepperstone
Swap-Free Account
FP Markets
Pepperstone
Copy Trading
FP Markets
Pepperstone
VPS
FP Markets
Pepperstone
PAMM/MAM Accounts
FP Markets
Pepperstone
Funding and Fees
| Feature | FP Markets | Pepperstone |
|---|---|---|
Base currencies | USD, AUD, EUR, GBP, SGD, CHF, CAD, NZD, JPY, HKD, PLN, ZAR, MXN, BRL | USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, SticPay, FasaPay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, USDT (Tether), USDC (USD Coin), TUSD (TrueUSD), BTC (Bitcoin), BCH (Bitcoin Cash), ADA (Cardano), DASH (Dash), ETH (Ethereum), LTC (Litecoin), XRP (XRP), ZEC (Zcash) | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether) |
Inactivity fee | ||
Interest on margin | ||
Withdrawal fee |
Base currencies
FP Markets
USD, AUD, EUR, GBP, SGD, CHF, CAD, NZD, JPY, HKD, PLN, ZAR, MXN, BRL
Pepperstone
USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD
Deposit and withdrawal methods
FP Markets
Bank Wire, Credit Card, Debit Card, Neteller, Skrill, SticPay, FasaPay, Virtual Pay, Perfect Money, Pagsmile, Dragonpay, USDT (Tether), USDC (USD Coin), TUSD (TrueUSD), BTC (Bitcoin), BCH (Bitcoin Cash), ADA (Cardano), DASH (Dash), ETH (Ethereum), LTC (Litecoin), XRP (XRP), ZEC (Zcash)
Pepperstone
Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether)
Inactivity fee
FP Markets
Pepperstone
Interest on margin
FP Markets
Pepperstone
Withdrawal fee
FP Markets
Pepperstone
Trading Platforms and Conditions
| Feature | FP Markets | Pepperstone |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
Execution Speed | 20 ms | 40 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Platforms
FP Markets
MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView
Pepperstone
MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView
Execution Speed
FP Markets
20 ms
Pepperstone
40 ms
Scalping
FP Markets
Pepperstone
Expert Advisors (EAs)
FP Markets
Pepperstone
Depth of Market (DOM)
FP Markets
Pepperstone
Spread
FP Markets
low
Pepperstone
low
Trading Assets
| Asset | FP Markets | Pepperstone |
|---|---|---|
Currencies | 81 | 97 |
Indices | 18 | 26 |
Stocks | 566 | 986 |
Cryptocurrencies | 12 | 30 |
Bonds | 2 | 0 |
Metals | 17 | 20 |
Energies | 5 | 4 |
Soft Commodities | 7 | 16 |
ETFs | 58 | 108 |
Currencies
FP Markets
81
Pepperstone
97
Indices
FP Markets
18
Pepperstone
26
Stocks
FP Markets
566
Pepperstone
986
Cryptocurrencies
FP Markets
12
Pepperstone
30
Bonds
FP Markets
2
Pepperstone
0
Metals
FP Markets
17
Pepperstone
20
Energies
FP Markets
5
Pepperstone
4
Soft Commodities
FP Markets
7
Pepperstone
16
ETFs
FP Markets
58
Pepperstone
108
Education and Analytics
| Feature | FP Markets | Pepperstone |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
FP Markets
Pepperstone
Indicators
FP Markets
Pepperstone
Robots
FP Markets
Pepperstone
Signals
FP Markets
Pepperstone
Autochartist
FP Markets
Pepperstone
Expert Analytics
FP Markets
Pepperstone
News Feed
FP Markets
Pepperstone
Education Articles
FP Markets
Pepperstone
Webinars
FP Markets
Pepperstone
Seminars
FP Markets
Pepperstone
Customer Support
| Contact | FP Markets | Pepperstone |
|---|---|---|
Email | supportteam@fpmarkets.com | support@pepperstone.com |
Phone | +4428254477809 | +17866281209 |
Telegram | Telegram | — |
Whatsapp | — | |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter |
Email
FP Markets
Pepperstone
Phone
FP Markets
Pepperstone
Telegram
FP Markets
Pepperstone
—
Whatsapp
FP Markets
Pepperstone
—
Which Broker is Better?
After comparing FP Markets and Pepperstone, FP Markets comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.