FP Marketsvs
PepperstoneForex Broker Comparison
In this comparison FP Markets and Pepperstone clash on regulation breadth, costs, and platform reach. The outcome hinges on what investors value most: trust, price, or choice.
Our Verdict
Pepperstone winsby 0.2 pts
Pepperstone edges FP Markets on the editorial score due to broader regulation and stronger category scores. FP Markets remains competitive with true ECN pricing.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FP Markets offers true ECN pricing 0.0 pips + $6/lot.
- 2Pepperstone has broader regulation across FCA, ASIC, BaFin, CySEC, DFSA, and FMA.
- 3FP Markets offers 10,000 instruments versus Pepperstone's 1,200.
Who should choose FP Markets vs Pepperstone?
Find out which broker best suits your trader profile.
Choose FP Markets if…
FP Markets offers true ECN pricing from 0.0 pips with a $6/lot commission and access to 10,000 instruments, plus IRESS share CFDs. Pepperstone attracts with a $0 minimum deposit, broad multi-jurisdiction regulation, and a Razor account offering tight spreads with transparent commissions.
Choose Pepperstone if…
FP Markets offers true ECN pricing from 0.0 pips with a $6/lot commission and access to 10,000 instruments, plus IRESS share CFDs. Pepperstone attracts with a $0 minimum deposit, broad multi-jurisdiction regulation, and a Razor account offering tight spreads with transparent commissions.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
It’s a tie
Both equally suited
Both brokers offer spreads from 0.00 pips.
Best for safety & regulation
FP Markets vs Pepperstone: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.5/ 5 | 4.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5 | 4.8 / 5▲ |
FP Markets vs Pepperstone Forex Broker Pros & Cons
Pros
True ECN pricing from 0.0 pips + $6 round-turn commission
Supports MT4, MT5, and cTrader, all three major platforms
IRESS platform for direct-access share CFD trading
Strong ASIC and CySEC regulation
Client funds held in segregated accounts
FP Markets vs Pepperstone: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
Highlighted rows show where the two brokers differ
| Criteria | FP Markets | Pepperstone |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
FP Markets vs Pepperstone: Frequently Asked Questions
The scores are close: FP Markets rates 4.5/5 and Pepperstone rates 4.7/5. Pepperstone has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Both FP Markets and Pepperstone start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
Pepperstone has no minimum deposit, while FP Markets requires at least $100. This makes Pepperstone more accessible for traders with limited starting capital.
Both FP Markets and Pepperstone hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: Pepperstone has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FP Markets lists maximum leverage of 500:1, while Pepperstone lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
FP Markets charges $6 per lot, lower than Pepperstone's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4, while Pepperstone supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4. Both provide cTrader and IRESS and MetaTrader 5 and TradingView and MetaTrader 4.
