FP Markets vs Pepperstone
Can't decide between FP Markets and Pepperstone? We've put both brokers head-to-head. Compare their spreads, regulation, platforms, and fees below.
Last updated: May 10, 2026
Executive Summary
FP Markets and Pepperstone are both well-established forex brokers, but they serve different types of traders. FP Markets scores 92/100 in our TrustMetrics™ system, while Pepperstone leads with 95/100.
On pricing, Pepperstone offers tighter EUR/USD spreads (0.08 pips vs 0.1 pips). FP Markets supports MT4, MT5, cTrader, Iress, TradingView while Pepperstone offers MT4, MT5, cTrader, TradingView, giving FP Markets an edge in platform diversity.
For regulation, FP Markets holds licenses from ASIC, CySEC, FSA while Pepperstone is regulated by FCA, ASIC, CySEC, BaFin, DFSA. Both brokers offer segregated client funds and are considered safe for retail trading.
The Verdicts
Most Trusted
Pepperstone scores higher in our TrustMetrics system (95/100) compared to FP Markets (92/100), making it the safer choice.
Lowest Spreads
Pepperstone offers better pricing with an average EUR/USD spread of 0.08 pips, beating the 0.1 pip average of its competitor.
Best for Beginners
With a lower minimum deposit requirement of $0, Pepperstone is the more accessible option for new traders.
Detailed Comparison
| Feature | FP Markets | Pepperstone |
|---|---|---|
| Trust Score | 92/100 | 95/100 |
| Spreads From | 0.0 pips | 0.0 pips |
| Avg EUR/USD Spread | 0.1 pips | 0.08 pips |
| Commission | $6.00/lot | $7.00/lot |
| Execution Speed | 30ms | 24ms |
| Max Leverage | 1:500 | 1:500 |
| Minimum Deposit | $100 | $0 |
| Instruments | 10,000+ | 1,200+ |
| Account Types | Standard, Raw, Iress | Standard, Razor |
| Platforms | MT4, MT5, cTrader, Iress, TradingView | MT4, MT5, cTrader, TradingView |
| Top Regulators | ASIC, CySEC, FSA | FCA, ASIC, CySEC, BaFin, DFSA |
| Withdrawal Speed | 1-2 business days | Same day - 1 business day |
| Inactivity Fee | $0 | $0 (No inactivity fee) |
| Customer Support | 24/7 Live Chat, Email, Phone | 24/5 Live Chat, Email, Phone |
Which Broker Should You Choose?
FChoose FP Markets if...
- ✓You need the tightest possible spreads for scalping
- ✓You want to trade directly from TradingView charts
- ✓You prefer cTrader's advanced order management
- ✓You need access to a massive range of instruments
- ✓You are a scalper or algorithmic trader
PChoose Pepperstone if...
- ✓You want to start with a very low minimum deposit
- ✓You need the tightest possible spreads for scalping
- ✓You want to trade directly from TradingView charts
- ✓You prefer cTrader's advanced order management
- ✓You are a scalper or algorithmic trader
FP Markets Pros & Cons
Pros
- ✓ True ECN pricing with 0.0 pips on majors frequently
- ✓ Very competitive $6.00/lot round-turn commission
- ✓ Access to 10,000+ global stocks via the Iress platform
- ✓ Full suite of platforms: MT4, MT5, cTrader, and TradingView
Cons
- × Iress platform requires a higher minimum deposit ($1,000) and has platform fees
- × Educational content is decent but not industry-leading
Pepperstone Pros & Cons
Pros
- ✓ Direct integration with TradingView for seamless charting and execution
- ✓ Active Trader rebate program saves up to $2.50/lot
- ✓ Five Tier-1/Tier-2 regulatory licenses provide immense security
- ✓ No official minimum deposit requirement
- ✓ Razor account delivers highly stable spreads during news events
Cons
- × Customer support is not available on weekends
- × No proprietary copy trading platform (relies on third parties like DupliTrade)
- × Standard account spreads are average (1.1 pips)
The Bottom Line: FP Markets vs Pepperstone
- ✓ ECN Trading
- ✓ Low Commissions
- ✓ Stock CFDs
- ✓ cTrader
- ✓ TradingView Users
- ✓ Multi-Platform Trading
- ✓ Active Traders
- ✓ Beginners
- ✓ Tighter EUR/USD spreads (0.08 pips)
- ✓ No minimum deposit
Both brokers are featured in our top broker rankings. Your choice should depend on your specific trading style, preferred platform, and geographical location.
Frequently Asked Questions
Which is safer: FP Markets or Pepperstone?
Pepperstone scores higher in our TrustMetrics system (95/100) compared to FP Markets (92/100), making it the safer choice.
Who has lower spreads: FP Markets or Pepperstone?
Pepperstone offers better pricing with an average EUR/USD spread of 0.08 pips, beating the 0.1 pip average of its competitor.
Which has a lower minimum deposit: FP Markets or Pepperstone?
With a lower minimum deposit requirement of $0, Pepperstone is the more accessible option for new traders.
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