FP Markets vs Pepperstone
Two brokers compared on spreads, platforms, regulation, and execution.
Last updated: March 21, 2026
Quick Verdict
Pepperstone wins this comparison — 5 out of 5 categories.
Our analysts reviewed both options across pricing, reputation, and trading conditions. Pepperstone came out ahead based on our scoring criteria. Read each category below for the full breakdown.
Side-by-Side Comparison
Customer Support & Reputation
Pepperstone winsPepperstone has a slight edge in customer support and overall reputation. It holds an EntryLab rating of 4.70/10. FP Markets scores 4.50/10 on our platform, which is respectable but trails behind.
FP Markets4.50
Pepperstone4.70Leverage & Instruments
Both brokers offer equivalent maximum leverage, so neither has a distinct advantage for traders who rely on leveraged positions.
FP Markets1:500 offshore / 1:30 EU & AUPepperstone1:500 offshore / 1:30 EU & AUDeposit & Withdrawal
Pepperstone winsBoth brokers offer comparable deposit and withdrawal options. Neither has a significant advantage in this category.
FP Markets$100Pepperstone$0 (no minimum)Platforms & Tools
Both brokers offer a similar platform suite, so neither has a clear advantage here. Traders using MT4 or MT5 will be equally well-served by either.
FP MarketsPepperstoneRegulation & Safety
Pepperstone winsWhen it comes to regulation, Pepperstone holds the edge. Pepperstone is regulated by FCA 684312, ASIC 414530, CySEC 388/20, DFSA F004356, SCB 8202737, CMA 128, a top-tier authority, while FP Markets operates under ASIC 286354, CySEC 371/18. For traders who prioritise safety and fund protection, Pepperstone is the stronger choice in this category.
FP MarketsPepperstoneTrading Costs
Pepperstone winsFP Markets offers more competitive trading costs overall. With EUR/USD spreads from 0.0 pips (Raw) / 1.0 pips (Standard) and commissions of commission-free, it undercuts Pepperstone, which charges spreads of 0.0 pips (Razor) / 0.6 pips (Standard) with commission-free commission. Cost-conscious traders will find FP Markets more attractive.
FP Markets0.0 pips (Raw) / 1.0 pips (Standard)Pepperstone0.0 pips (Razor) / 0.6 pips (Standard)Account Types & Min Deposit
Pepperstone winsPepperstone is the more accessible choice for traders getting started. With a minimum deposit of $0 (no minimum), it requires less capital to open an account than FP Markets, which requires $100. Lower barriers to entry make Pepperstone the winner in this category.
FP Markets$100Pepperstone$0 (no minimum)Our Pick
Pepperstone Wins This Round
Based on our side-by-side analysis, Pepperstone edges ahead in this matchup. Get started today.
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Frequently Asked Questions
Is FP Markets better than Pepperstone?
Based on our analysis across 7 key categories, Pepperstone wins with a score of 3–1. However, the best broker for you depends on your specific trading style and priorities.
Which has lower spreads, FP Markets or Pepperstone?
FP Markets offers lower trading costs. FP Markets spreads start from 0.0 pips (Raw) / 1.0 pips (Standard) while Pepperstone starts from 0.0 pips (Razor) / 0.6 pips (Standard).
Is FP Markets safer than Pepperstone?
Pepperstone is regulated by a higher-tier authority. FP Markets is regulated by ASIC 286354, CySEC 371/18, while Pepperstone is regulated by FCA 684312, ASIC 414530, CySEC 388/20, DFSA F004356, SCB 8202737, CMA 128.
Can I use MT5 with both FP Markets and Pepperstone?
FP Markets supports MT4, MT5, IRESS, cTrader and Pepperstone supports MT4, MT5, cTrader, TradingView. Check each broker's platform page for the latest availability.
Which has a lower minimum deposit, FP Markets or Pepperstone?
Pepperstone has the lower minimum deposit requirement. FP Markets requires $100 while Pepperstone requires $0 (no minimum).
Is FP Markets regulated?
Yes, FP Markets is regulated by ASIC 286354, CySEC 371/18. Regulation provides traders with a level of protection including segregated funds and dispute resolution mechanisms.
Which broker is better for beginners, FP Markets or Pepperstone?
For beginners, Pepperstone is generally the stronger choice due to its lower minimum deposit. However, both brokers offer standard tools suitable for newer traders.