Pepperstone vs FP Markets
Weighing up Pepperstone versus FP Markets for your next broker? This is a broker comparison between Pepperstone and FP Markets, examining regulation and safety, fees and trading conditions, platforms, tradable instruments, deposit and withdrawal options, and all the key details side by side.
Who is Pepperstone?
Pepperstone is a forex and CFD broker founded in 2010 with a strong regulatory framework and a broad international presence, accepting traders from more than 160 countries. It is known for fast execution, competitive pricing, and support for platforms such as MetaTrader, cTrader, and TradingView. The official website is www.pepperstone.com.
The minimum deposit required to start trading with Pepperstone is $0.
Who is FP Markets?
FP Markets is a multi-asset broker established in 2005 in Australia, providing access to forex and CFD markets for traders worldwide. It is known for raw pricing on its raw account, fast execution, and support for popular platforms such as MetaTrader, TradingView and cTrader. The official website is www.fpmarkets.com.
The minimum deposit required to start trading with FP Markets is $100.
Pepperstone vs FP Markets 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 broker supports a multi-platform setup with access to MT4, MT5, cTrader, TradingView and Pepperstone App.
The minimum deposit to start with real funds is set at $0, and the company supports account base currencies in USD, EUR, GBP, CAD, CHF, NZD, SGD, HKD, AUD and JPY. The broker operates under A-Book / ECN / No-dealing-desk and facilitates funding through credit & debit cards (Visa/Mastercard), bank transfers, e-wallets (PayPal, Neteller, Skrill), Apple Pay, Google Pay, UnionPay and crypto.
In comparison, FP Markets, established in 2005, holds licenses from the ASIC (Australia), CySEC (Cyprus), FSCA (South Africa) and SVG (St. Vincent & the Grenadines) and operates local offices in Sydney (Headquarters), Limassol and Eden Island. Traders can access MT4, MT5, cTrader, TradingView and Iress as trading platforms. To start trading with real funds, a minimum deposit of $100 is required, and accounts can be opened in USD. Its model is ECN/STP, and the broker supports deposits and withdrawals via credit/debit cards, bank transfers, crypto, e-wallets (Skrill, Neteller, Paypal (in EU), Fasapay and SticPay).
Pepperstone vs FP Markets Market Instruments
Pepperstone offers 1,400+ CFD instruments, offering CFDs on forex, indices, shares, commodities, etfs and cryptocurrencies, with 90+ forex pairs, 1,100+ stocks, 20+ indices, 40+ commodities, and 20+ cryptocurrencies.
Meanwhile, FP Markets lists 1,200+ CFDs and provides CFDs on forex, stocks, indices, commodities, etfs, bond and cryptocurrencies, with 70+ forex pairs, 800+ stocks, 15 indices, 22 commodities, and 12 cryptocurrencies.
Pepperstone vs FP Markets Account Types
Pepperstone vs FP Markets Spreads Comparison
The figures below summarize minimum and average spreads for standard accounts at Pepperstone and FP Markets. Actual costs can change with account type, liquidity, and market conditions, so it is best to verify current spreads on each broker’s website.
Minimum spreads: On EUR/USD, Pepperstone offers 1.0 pips, compared to 1.0 pips at FP Markets. For GBP/USD, USD/CAD, and CAD/JPY, Pepperstone quotes 1.0, 1.1, and 1.2 pips, respectively. Additionally, Pepperstone shows XAU/USD at $0.05, WTI at $0.02, and Bitcoin at $14. FP Markets does not provide minimum spread data for these instruments.
Average spreads: For EUR/USD, Pepperstone has average spreads of 1.1 pips compared with FP Markets at 1.2 pips. On GBP/USD, Pepperstone records 1.3 pips versus FP Markets at 1.5 pips. For XAU/USD, Pepperstone displays a spread of $0.15 against FP Markets at $0.26.
Pepperstone vs FP Markets Minimum Spreads Comparison
Pepperstone vs FP Markets Average Spreads Comparison
Costs on Raw/Zero Spread Account
On raw/zero spread pricing, Pepperstone shows a minimum spread of 0.0 pips and charges $3.5 commission per side per lot (can vary based on used trading platform), whereas FP Markets lists spreads from 0.0 pips with a $3.0 commission per side per lot. With equal quoted minimum spreads, the lower commission gives FP Markets a slight edge on headline costs.
These figures are minimums, and real spreads vary with liquidity and volatility. Because ultra-low spreads are paired with commissions, weigh the all-in cost (spread plus both-side commissions) and refer to each broker’s website for the most current details.
Other Features
Pepperstone vs FP Markets: Wrapping Up the Comparison
Pepperstone and FP Markets are established, multi-regulated brokers, founded in 2010 and 2005. Pepperstone is overseen by the ASIC (Australia), FCA (United Kingdom), CySEC (Cyprus), BaFin (Germany), DFSA (Dubai, UAE), CMA (Kenya) and SCB (Bahamas), while FP Markets is regulated by the ASIC (Australia), CySEC (Cyprus), FSCA (South Africa) and SVG (St. Vincent & the Grenadines). Both brokers offer a wide selection of trading platforms, with Pepperstone supporting MT4, MT5, cTrader, TradingView and Pepperstone App and FP Markets providing MT4, MT5, cTrader, TradingView and Iress.
Entry requirements differ: Pepperstone lists a minimum deposit of $0, compared with $100 at FP Markets. Each broker provides Standard and Raw spread accounts, alongside a demo environment and an Islamic swap-free option; neither features any additional account types beyond the core offerings. For costs on EUR/USD, minimum spreads are shown as 1.0 pips for Pepperstone and 1.0 for FP Markets, while average spreads are 1.1 pips and 1.2 pips, respectively.
Market coverage is sizable: Pepperstone lists 1,400+ instruments, and FP Markets lists 1,200+. Both support copy trading, though the implementations differ.
In short, Pepperstone is ideal for traders seeking a slightly stronger regulatory framework, generally tighter average spreads, particularly on assets like gold, and a lower minimum deposit requirement, while FP Markets appeals to those looking for slightly lower costs on raw spread accounts.
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