Pepperstone vs FBS
Unsure whether Pepperstone or FBS is the better fit for your trading style? Our broker comparison puts Pepperstone and FBS head to head, reviewing regulation and security, spreads and commissions, execution and platforms, tradable markets, account types, deposits and withdrawals, and other essentials to help you decide.
Who is Pepperstone?
Pepperstone is a global online broker founded in 2010 with one of the strongest regulatory frameworks. The broker caters to both retail and professional traders by offering fast trade execution, competitive spreads, and access to a broad selection of markets, robust trading platforms and tools. The official website of Pepperstone is www.pepperstone.com.
The minimum deposit required to start trading with Pepperstone is $0.
Who is FBS?
FBS is an international forex and CFD broker founded in 2009, offering clients access to a broad range of trading instruments across various global markets. The company is known for its strong emphasis on trader education, multilingual support, and competitive trading conditions. The official website of FBS is www.fbs.com.
The minimum deposit required to start trading with FBS is $5.
Pepperstone vs FBS Side-by-Side Comparison
Pepperstone, founded in 2010, is regulated by the ASIC (Australia), FCA (United Kingdom), CySEC (Cyprus), BaFin (Germany), DFSA (Dubai, UAE), CMA (Kenya) and SCB (Bahamas) and maintains local offices in Melbourne, London, Düsseldorf, Dubai, Limassol, Nassau and Nairobi. The company provides access to various trading platforms, which include MT4, MT5, cTrader, TradingView and Pepperstone App, supporting flexibility.
Positively, Pepperstone requires a low minimum deposit of $0, and supports accounts denominated in USD, EUR, GBP, CAD, CHF, NZD, SGD, HKD, AUD and JPY. Further, The broker operates as an A-Book / ECN / No-dealing-desk broker. Pepperstone offers copy trading via CopyTrading by Pepperstone, DupliTrade, cTrader Copy, and Signal Start. For funding, the company supports various payment options, such as credit & debit cards (Visa/Mastercard), bank transfers, e-wallets (PayPal, Neteller, Skrill), Apple Pay, Google Pay, UnionPay and crypto.
By contrast, FBS, established in 2009, is licensed by the CySEC (Cyprus), FSC (Belize), ASIC (Autralia) and FSCA (South Africa) and keeps local offices in Limassol and Belize City. The broker offers a variety of trading platforms, including MT4, MT5 and FBS App.
The minimum deposit required to open an account with FBS is $5, and the base account currency is USD. The brokerage model used by FBS is an A-Book. Sadly, FBS does not support copy trading. Clients can add funds to their accounts through 200+ payment methods (global and local) including credit & debit cards, bank wires, e-wallets and cryptocurrencies.
Pepperstone vs FBS Market Instruments
Pepperstone offers a broad range of 1,400+ instruments across various global markets, spanning CFDs on forex, indices, shares, commodities, etfs and cryptocurrencies. The lineup comprises 90+ forex pairs, 1,100+ stocks, 20+ indices, 40+ commodities and 20+ crypto pairs.
FBS, by comparison, gives access to 590+ instruments to its clients with coverage of CFDs on forex, stocks, indices and commodities. This offering includes 100+ forex pairs, 469 stocks, 11 indices and 11 commodities.
Pepperstone vs FBS Account Types
Pepperstone vs FBS Spreads Comparison
The figures below reflect the minimum and average spreads on standard accounts for Pepperstone and FBS. Actual spreads can widen or tighten with volatility, liquidity, and account type, so always verify the latest numbers on each broker’s website.
Minimum spreads on major forex pairs: Pepperstone posts a minimum EUR/USD spread from 1.0 pips versus FBS at 0.8 pips, and GBP/USD from 1.0 pips versus 0.84 pips. On USD/CAD, Pepperstone quotes 1.1 pips while FBS posts 1.095 pips. For CAD/JPY it is 1.2 pips at Pepperstone against 1.7 pips at FBS.
In regard to commodities, the minimum spread for Gold starts from $0.05 at Pepperstone and $0.2 at FBS, while WTI begins at $0.02 and $0.01, respectively. For Bitcoin, Pepperstone quotes $14.
Average spreads: the EUR/USD pair on Pepperstone averages 1.1 pips compared with FBS at 1.2 pips, and GBP/USD averages 1.3 pips versus 1.5 pips. For Gold, the average is $0.15 at Pepperstone against $0.29 at FBS. These averages are indicative and may change with market conditions.
Pepperstone vs FBS Minimum Spreads Comparison
Pepperstone vs FBS Average Spreads Comparison
Costs on Raw/Zero Spread Account
Pepperstone’s raw/zero spread account lists a minimum spread of 0.0 pips and a commission of $3.5 per side per lot (can vary based on the used platform). FBS does not offer raw/zero spread accounts.
With raw or zero spread pricing, most costs are typically embedded in per-lot commissions rather than the spread. These are minimum figures and can vary with market conditions, so check each broker’s website for the latest details.
Other Features
Pepperstone vs FBS: Wrapping Up the Comparison
Pepperstone and FBS are established global brokers, founded in 2010 and 2009, respectively. Pepperstone is regulated by the ASIC (Australia), FCA (United Kingdom), CySEC (Cyprus), BaFin (Germany), DFSA (Dubai, UAE), CMA (Kenya) and SCB (Bahamas), while FBS is regulated by the CySEC (Cyprus), FSC (Belize), ASIC (Autralia) and FSCA (South Africa).
Pepperstone offers the following trading platforms MT4, MT5, cTrader, TradingView and Pepperstone App. The broker accepts a minimum deposit of $0, and grants access to 1,400+ instruments. Pepperstone also supports copy trading through in-house and third-party tools such as CopyTrading by Pepperstone, DupliTrade, cTrader Copy, and Signal Start. FBS also supports multiple trading platforms, including MT4, MT5 and FBS App, requires a minimum deposit of $5, and provides 590+ instruments. However, FBS does not provide copy trading.
Both brokers include a Standard account. Pepperstone also offers a Raw Spread account with ultra-low spreads plus a commission. Both brokers offer demo accounts, as well as an Islamic (swap-free) account option. FBS additionally features a Cent account, while Pepperstone does not add other account types beyond the ones mentioned.
On EUR/USD, minimum spreads start from 1.0 pips at Pepperstone versus 0.8 pips at FBS, while average spreads are around 1.1 pips compared with 1.2 pips. Spreads for other assets are similarly close; just for gold, Pepperstone takes the edge.
Overall, Pepperstone suits traders who want broader platform choices, a larger instrument list, and integrated copy trading, whereas FBS appeals to those prioritizing a very low entry deposit and the added Cent account option.
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