FP Markets

4.3(900)

ASIC/CySEC

Pepperstone

4.5(1800)

BaFin/FCA/ASIC

FP Markets vs Pepperstone

Head-to-Head Comparison 2026

Our Verdict

Pepperstone has a higher rating of 4.5/5 compared to FP Markets (4.3/5). FP Markets offers 8 instrument types, while Pepperstone offers 7. The minimum deposit is lower at Pepperstone with 0 €. Pepperstone is BaFin-regulated, while FP Markets is supervised by ASIC/CySEC.

Comparison Table

Criteria	FP Markets	Pepperstone
Rating	4.3/5 (900 reviews)	4.5/5 (1800 reviews)✓
Regulation	ASIC/CySEC	BaFin/FCA/ASIC
Fees	Raw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pip	Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
Min. Deposit	100 AUD	0 €
Instruments	Forex, CFDs, Stocks, Indices, Commodities, Crypto, ETFs, Bonds	Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices
Platforms	MT4, MT5, cTrader, IRESS, FP Markets App	MT4, MT5, cTrader, TradingView
Options Trading	No, CFDs and DMA stock trading	No, but over 1,200 CFD instruments
Founded	2005	2010
Headquarters	Sydney	Melbourne

Detailed Comparison

Fee Comparison

FP Markets: Raw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pip. Minimum deposit: 100 AUD.

Pepperstone: Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. Minimum deposit: 0 €.

Product Range

FP Markets (8 categories)

ForexCFDsStocksIndicesCommoditiesCryptoETFsBonds

Pepperstone (7 categories)

ForexCFDsIndicesCommoditiesStocks CFDsCryptoCurrency Indices

Trading Platforms

FP Markets

MT4
MT5
cTrader
IRESS
FP Markets App

Pepperstone

MT4
MT5
cTrader
TradingView

Regulation & Security

FP Markets is regulated by ASIC/CySEC (HQ: Sydney).

Pepperstone is regulated by BaFin/FCA/ASIC (HQ: Melbourne).

Who Is It For?

FP Markets

Australian ECN broker with over 10,000 trading instruments

✓ Raw spreads from 0.0 pip

✓ Over 10,000 instruments

✓ IRESS platform for DMA stock trading

✗ No BaFin regulation

✗ IRESS platform with additional fees

Pepperstone

ECN broker with Razor account and ultra-fast execution

✓ Razor account with raw spreads from 0.0 pip

✓ Fast execution speed

✓ MT4, MT5, cTrader and TradingView

✗ No options trading

✗ No real stocks, only CFDs

Frequently Asked Questions

Is FP Markets or Pepperstone cheaper?

FP Markets charges Raw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pip. Pepperstone charges Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. The minimum deposit is 100 AUD at FP Markets and 0 € at Pepperstone.

Which broker offers more products: FP Markets or Pepperstone?

FP Markets offers Forex, CFDs, Stocks, Indices, Commodities, Crypto, ETFs, Bonds. Pepperstone offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices.

Which broker is better regulated?

FP Markets is regulated by ASIC/CySEC. Pepperstone is regulated by BaFin/FCA/ASIC. Pepperstone has BaFin regulation, which is particularly advantageous for German investors.

Is FP Markets or Pepperstone better for beginners?

FP Markets has a minimum deposit of 100 AUD and offers MT4, MT5, cTrader, IRESS, FP Markets App as platforms. Pepperstone has a minimum deposit of 0 € and offers MT4, MT5, cTrader, TradingView. Pepperstone has the lower entry barrier.

FP Markets vs Pepperstone: Which broker is better overall?

The choice between FP Markets (4.3/5, 900 reviews) and Pepperstone (4.5/5, 1800 reviews) depends on your needs. FP Markets: Australian ECN broker with over 10,000 trading instruments. Pepperstone: ECN broker with Razor account and ultra-fast execution.

FP Markets

Australian ECN broker with over 10,000 trading instruments

Open Account →

From 100 AUD min. deposit

Pepperstone

ECN broker with Razor account and ultra-fast execution

Open Account →

From 0 € min. deposit

FP Markets read review →Pepperstone read review →