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Pepperstone vs FP Markets 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of Pepperstone vs FP Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Pepperstone
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 95
  • Tradeable Symbols (Total): 1726
FP Markets
4.5/5 Stars Overall
  • Minimum Deposit: $100 AUD
  • Trust Score: 89
  • Tradeable Symbols (Total): 10000

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

Pepperstone and FP Markets are two reputable online brokers, each established to provide trading services to investors worldwide. Founded later in 2010, Pepperstone has quickly built a strong reputation, holding three Tier-1 licenses that are highly trusted among traders. With a Trust Score of 95 from ForexBrokers.com, Pepperstone is considered highly trusted. Interestingly, despite not being publicly traded or operating as a bank, Pepperstone's regulatory credentials have set it apart as a reliable choice for trading enthusiasts.

FP Markets, which has been serving traders since 2005, offers competitive services in the online brokerage landscape. It holds two Tier-1 licenses and one Tier-2 license, showing its commitment to maintaining a trusted regulatory footprint. FP Markets earns a Trust Score of 89, categorizing it as a trusted broker. Like Pepperstone, it is not listed on a stock exchange and does not function as a bank. Despite these similarities, FP Markets' slightly lower trust score signifies a minor difference in perceived safety. Yet, both brokers remain highly attractive to traders, assuring dependable service provision.

Feature Pepperstone logoPepperstone
FP Markets logoFP Markets
Year Founded info 2010 2005
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 3 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1

Fees

Pepperstone and FP Markets both offer attractive pricing structures for traders, but there are notable differences when it comes to their commissions and fees. Pepperstone, rated 4.5 out of 5 stars, provides excellent pricing through its Razor account, especially when paired with the Active Trader program for high-volume clients. The Razor account offers an average spread of 0.10 pips for the EUR/USD pair, with an all-in cost of 0.80 pips after including the commission. However, its Standard account, which is commission-free, features higher spreads averaging 1.1 pips. Active traders can benefit from rebates linked to monthly trading volume, enhancing the attractive pricing offered by Pepperstone. Overall, Pepperstone is ranked #10 out of 62 brokers by ForexBrokers.com for commissions and fees.

FP Markets, on the other hand, shines with its competitive commission-based ECN account offering, making it a cost-competitive choice for forex trading. Rated 5 stars, FP Markets is known for low spreads averaging 0.1 pips for its Raw ECN account, resulting in an all-in cost of 0.8 pips after accounting for commission. The Standard account, however, maintains higher spreads of around 1.1 pips. For Australian traders, the Iress ViewPoint and Iress Investor accounts offer different levels of affordability, with the Investor account being the low-cost option albeit with limited features. FP Markets earned its #6 ranking for commissions and fees from ForexBrokers.com, underlining its strong position in the market.

In summary, both brokers cater to different trading needs. Pepperstone presents a viable option for active traders who can maximize the benefits of its Active Trader program, whereas FP Markets stands out in offering low-cost structures for commission-based accounts such as the Raw ECN. Each broker has its strengths, with FP Markets slightly edging out Pepperstone in the rankings due to its highly competitive pricing and broader accolades.

Feature Pepperstone logoPepperstone
FP Markets logoFP Markets
Minimum Deposit info $0 $100 AUD
Average Spread EUR/USD - Standard info 1.00 info 1.2 info
All-in Cost EUR/USD - Active info 0.70 info 0.7 info
Active Trader or VIP Discounts info Yes Yes
ACH or SEPA Transfers info Yes No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Pepperstone and FP Markets both provide comprehensive options for forex trading, offering CFDs or spot contracts to their clients. Pepperstone gives access to 1,726 tradeable symbols, including 65 forex pairs, while FP Markets stands out with over 10,000 tradeable symbols, featuring 71 forex pairs. Neither broker provides options for trading actual exchange-traded securities on U.S. or international exchanges nor the buying of actual cryptocurrencies. However, both platforms offer the opportunity to invest in cryptocurrency derivatives.

Copy trading is another feature available with both Pepperstone and FP Markets, allowing investors to replicate the trades of seasoned traders. When evaluated for the range of investments, FP Markets received a higher rating of 4.5 stars compared to Pepperstone's 4 stars. According to ForexBrokers.com, FP Markets holds a better position, ranking 18th out of 62 brokers, while Pepperstone is ranked 26th. This suggests that those seeking a broader range of investment options might find FP Markets more appealing.

Feature Pepperstone logoPepperstone
FP Markets logoFP Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1726 10000
Forex Pairs (Total) info 65 71
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

Pepperstone and FP Markets both provide traders with a comprehensive array of platforms and tools designed to enhance their trading experience. Both brokers offer simulated trading with free virtual demo accounts, making it easy for beginners to practice without financial risk. They also have proprietary platforms developed in-house alongside offering popular third-party platforms like MetaTrader 4 and MetaTrader 5 for diverse trading needs. For those interested in copy trading, both brokers provide this feature, although Pepperstone takes it a step further by also offering DupliTrade. Despite this, neither broker supports ZuluTrade.

When it comes to charting tools, Pepperstone stands out by offering 30 drawing tools, compared to FP Markets' 17, providing more options for technical analysis. Both brokers allow users to trade directly from a stock chart, facilitating a smoother trading process. Additionally, they offer a similar number of fields for watch lists (seven), which helps traders stay organized. In terms of ratings, both platforms score four stars for their trading platforms and tools, and they're closely ranked by ForexBrokers.com with Pepperstone at #22 and FP Markets at #23 out of 62 brokers. This makes both options valuable but with slight differences that might cater more to specific trading needs.

Feature Pepperstone logoPepperstone
FP Markets logoFP Markets
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
DupliTrade info Yes No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 15 30
Charting - Drawing Tools (Total) info 30 17
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Pepperstone and FP Markets both offer mobile trading solutions compatible with iPhone and Android devices, providing traders with convenient access to stock and forex markets. Both platforms include essential features like price alerts and the ability to create watchlists with real-time quotes. However, when it comes to watchlist synchronization between the mobile app and the online account, Pepperstone has the upper hand, ensuring changes made in either location are harmonized seamlessly, while FP Markets lacks this capability.

Charting tools are another key component in mobile trading. Pepperstone offers an extensive set of 30 technical studies, alongside essential features such as trendline drawing and multiple time frame views, all while auto-saving user drawings. FP Markets also supports trendline drawing and viewing multiple time frames, but relies on the default offerings of MetaTrader for technical studies. In terms of user ratings, both apps score a solid 4 out of 5 stars. However, FP Markets edges slightly ahead in rankings by ForexBrokers.com, placed at #18 compared to Pepperstone's #21 out of 62 brokers.

Feature Pepperstone logoPepperstone
FP Markets logoFP Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 MetaTrader (Default)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Pepperstone and FP Markets both provide daily market commentary and supply forex news from noteworthy sources such as Bloomberg and Reuters, ensuring traders stay informed with up-to-date information. Both brokers also offer tools from Autochartist, enhancing their users' experience with valuable technical and fundamental insights. However, FP Markets has an edge with additional support from Trading Central, providing more in-depth technical analysis tools like Technical Analytics, which Pepperstone does not offer. Both platforms include sentiment-based trading tools that reveal the percentage of long and short positions across different instruments and maintain comprehensive economic calendars highlighting global news events.

Neither broker provides market research from TipRanks or research tools from Acuity Trading like Signal Centre, keeping these resources out of their trading offerings. In terms of overall research capabilities, Pepperstone ranks higher with a 4.5-star rating compared to FP Markets' 4-star rating, as rated by ForexBrokers.com. Additionally, Pepperstone is placed at #12 out of 62 brokers for research, while FP Markets holds the #25 position, indicating a stronger reputation in research tools and services for Pepperstone users.

Feature Pepperstone logoPepperstone
FP Markets logoFP Markets
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info No Yes
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Pepperstone and FP Markets both provide comprehensive educational resources for those new to trading, making them strong contenders if you're looking to expand your knowledge on forex and CFDs. Both brokers offer a minimum of 10 educational pieces covering these topics and host regular webinars to keep clients updated and informed. Additionally, they maintain searchable archives of past webinars, ensuring that you can access valuable information at your convenience. To cater to varying levels of expertise, each offers a series of beginner and advanced video lessons, and they both provide an investor dictionary with definitions for over 50 investment terms.

When diving deeper into the quality of educational offerings, Pepperstone receives a higher rating of 4.5 stars compared to FP Markets' 4 stars. This could partly explain why Pepperstone is ranked #18 in the Education category by ForexBrokers.com, slightly ahead of FP Markets, which stands at #23. If educational resources are a top priority for you as a beginner trader, these metrics might give Pepperstone a slight edge, but both brokers offer a solid foundation from which to start your trading journey.

Feature Pepperstone logoPepperstone
FP Markets logoFP Markets
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 62 of the best forex brokers, our research and account testing finds that Pepperstone is better than FP Markets. Pepperstone finished with an overall rank of #16, while FP Markets finished with an overall rank of #19.

Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.

Feature Pepperstone logoPepperstone
FP Markets logoFP Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 95 89
Range of Investments 4/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with Pepperstone or FP Markets?

Both Pepperstone and FP Markets do not offer the ability to buy actual cryptocurrencies, but both do provide options for trading cryptocurrency derivatives.

What funding options does each broker offer?

Pepperstone and FP Markets both provide PayPal, Skrill, Visa, Mastercard, and bank wire options for depositing and withdrawing funds; however, only Pepperstone offers ACH or SEPA transfers, giving it a slight edge in payment versatility over FP Markets.




announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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Compare

0 of 5
Overall Rating Pepperstone FP Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 5/5 Stars
Range of Investments 4/5 Stars 4.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 95 89
Winner check_circle
Review Pepperstone Review FP Markets Review
Broker Screenshots Pepperstone FP Markets
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation Pepperstone FP Markets
Trust Score info 95 89
Year Founded info 2010 2005
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 3 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1
Tier-1 Licenses (Highly Trusted) Pepperstone FP Markets
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) Pepperstone FP Markets
Kenya (CMA Authorised) info Yes No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments Pepperstone FP Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1726 10000
Forex Pairs (Total) info 65 71
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost Pepperstone FP Markets
Average Spread EUR/USD - Standard info 1.00 info 1.2 info
All-in Cost EUR/USD - Active info 0.70 info 0.7 info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info No No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding Pepperstone FP Markets
Minimum Deposit info $0 $100 AUD
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes No
Trading Platforms Pepperstone FP Markets
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info Yes Yes
DupliTrade info Yes No
ZuluTrade info No No
Trading Tools Pepperstone FP Markets
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 15 30
Charting - Drawing Tools (Total) info 30 17
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Pepperstone FP Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 MetaTrader (Default)
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research Pepperstone FP Markets
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes Yes
Trading Central (Recognia) info No Yes
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education Pepperstone FP Markets
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs Pepperstone FP Markets
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review Pepperstone Review FP Markets Review
Overall Pepperstone FP Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 5/5 Stars
Range of Investments 4/5 Stars 4.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 95 89
Winner check_circle
Review Pepperstone Review FP Markets Review
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