Written by ForexBrokers.com
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.
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.
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
|
FP Markets
|
|---|---|---|
| Year Founded | 2010 | 2005 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
Pepperstone and FP Markets both keep costs low on their commission-based accounts, landing near an all-in 0.8 pips on EUR/USD. Pepperstone earns 4.5 out of 5 stars for commissions and fees and ranks #6 of 63, while FP Markets earns 5 out of 5 stars and ranks #11 of 63 (and also picked up Best in Class for Commissions and Fees in the 2024 Annual Awards). On standard, spread-only accounts, both brokers list an average 1.1 pips on EUR/USD, making their commission-based setups the better value for active forex traders.
Pepperstone’s Razor account (available on TradingView, MT4/MT5, and cTrader) averaged 0.10 pips on EUR/USD as of July 2024; when you add the commission-equivalent of 0.70 pips, the all-in cost is about 0.80 pips. Its Standard account is commission-free but pricier at 1.1 pips. High-volume traders can lower costs further via Pepperstone’s Active Trader program: in the U.K. and EU, professional clients trading at least £20 million per month get a 15% per-lot rebate (up to 25% above £200 million), while in Australia, professional clients starting from 100 lots over three months enter Tier One with a 10% discount per standard lot, rising to 30% at Tier Three for more than 3001 lots monthly.
FP Markets’ Raw ECN account averaged 0.1 pips on EUR/USD as of October 2023, and with a $6 round-turn commission per standard lot, its all-in cost is about 0.8 pips. The Standard account averages 1.1 pips, and both MT4/MT5 and cTrader support either spread-only or commission-based pricing. For share CFDs in Australia, the Iress ViewPoint suite offers DMA pricing but may involve platform and data fees unless you qualify for Premier or generate at least AUD 150 in monthly commissions; the lower-cost Iress Investor option waives monthly fees but has lighter features. Bottom line: both brokers are cost-friendly on their commission accounts, with Pepperstone offering volume-based rebates and FP Markets delivering consistently sharp Raw ECN pricing.
| Feature |
Pepperstone
|
FP Markets
|
|---|---|---|
| Minimum Deposit | $0 | $100 AUD |
| Average spread (EUR/USD) - Standard account | 1.1 | 1.3 |
| All-in Cost EUR/USD - Active | 0.8 | 0.9 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and FP Markets both let you trade forex as CFDs and via spot contracts, and each supports copy trading. FP Markets offers a larger range overall, with 10,000 tradeable symbols and 71 forex pairs, compared with Pepperstone’s 1,726 symbols and 65 pairs. For crypto, both brokers provide cryptocurrency CFDs but do not offer actual delivered coins. Neither broker lets you buy exchange-traded shares directly on U.S. or international exchanges (non-CFD stock dealing is not available).
For the range of investments, FP Markets is rated 4.5 stars and ranks #16 out of 63, while Pepperstone is rated 4 stars and ranks #23 out of 63. If having the widest selection matters most, FP Markets has the edge; if you mainly want forex access, crypto CFDs, and copy trading, both brokers cover those needs.
| Feature |
Pepperstone
|
FP Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 10000 |
| Forex Pairs (Total) | 65 | 71 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Pepperstone and FP Markets both check the key boxes for platform choice and ease of use. Each broker offers a free demo account for paper trading, a proprietary (in‑house) platform, and both Windows desktop and web-based platforms. You’ll also find copy trading plus the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). With either broker, you can trade directly from charts, making order entry faster and more intuitive.
When it comes to trading platforms and tools, both brokers earn 4 out of 5 stars. In ForexBrokers.com’s comparison of 63 brokers, Pepperstone ranks 21st and FP Markets ranks 22nd, reflecting very similar strengths for traders who want flexible platform choices and modern trading tools.
| Feature |
Pepperstone
|
FP Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and FP Markets both deliver full-featured mobile trading apps for iPhone and Android. Each app supports stock and forex price alerts, trendline drawing on charts, and auto-saving of your chart annotations. A key difference is watchlist syncing: Pepperstone syncs symbols between the mobile app and your online account, while FP Markets does not, which can matter if you switch devices often.
For charting, Pepperstone lists 30 technical indicators in its mobile app, whereas FP Markets relies on the standard indicator set that comes with MetaTrader. Both brands earn 4 stars for Mobile Trading Apps, with Pepperstone ranked 19th out of 63 brokers and FP Markets ranked 20th by ForexBrokers.com. If you value built-in indicators and synced watchlists, Pepperstone has the edge; if you’re comfortable with MetaTrader’s default tools, FP Markets remains a solid choice.
| Feature |
Pepperstone
|
FP Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | MetaTrader (Default) |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone and FP Markets both deliver daily market commentary and forex news from leading sources like Bloomberg, Reuters, and Dow Jones. Each broker includes Autochartist for trade ideas, a sentiment tool showing long vs. short positioning, and an easy-to-use economic calendar. Neither adds TipRanks or Acuity Trading. One key difference: FP Markets also offers Trading Central, while Pepperstone does not.
According to ForexBrokers.com, Pepperstone earns 4.5 out of 5 stars for Research and ranks #12 of 63 brokers, while FP Markets scores 4.0 stars and ranks #22. Pick Pepperstone if you want the higher overall research rating; choose FP Markets if Trading Central is a must-have alongside daily commentary, quality news, and core tools.
| Feature |
Pepperstone
|
FP Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone vs FP Markets for beginner education: both brokers offer forex and CFD education with well over the 10-piece minimum, including at least 10 beginner videos and at least 10 advanced videos. Each also hosts client webinars online at least once per month, giving new traders a steady mix of on-demand lessons and live sessions to learn the basics and progress to more complex topics.
For quality, Pepperstone holds a slight edge for beginners: it’s rated 4.5/5 stars and ranks #15 out of 63 brokers for Education on ForexBrokers.com, while FP Markets is rated 4/5 stars and ranks #22. If you want the stronger overall education score, Pepperstone is the pick; if you’re comparing only for access to videos and monthly webinars, both Pepperstone and FP Markets deliver solid, beginner-friendly learning paths.
| Feature |
Pepperstone
|
FP Markets
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 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 #17, 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
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FP Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 89 |
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Pepperstone vs FP Markets: neither broker allows you to buy actual (delivered) cryptocurrency, but both offer cryptocurrency CFD trading.
Pepperstone vs FP Markets: Pepperstone supports ACH/SEPA, PayPal, and bank wire transfers but not Skrill, whereas FP Markets supports PayPal, Skrill, and bank wire transfers but not ACH/SEPA; Visa/Mastercard availability for either broker was not specified.
Please 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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0 of 5| Overall Rating | Pepperstone | FP Markets | |
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| Trust Score | 95 | 89 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | FP Markets Review |
| Broker Screenshots | Pepperstone | FP Markets | |
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| Regulation | Pepperstone | FP Markets | |
|---|---|---|---|
| Trust Score | 95 | 89 | |
| Year Founded | 2010 | 2005 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | FP Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Pepperstone | FP Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Pepperstone | FP Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 10000 | |
| Forex Pairs (Total) | 65 | 71 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 1.1 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.9 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | FP Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 AUD | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Pepperstone | FP Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | Yes |
| Trading Tools | Pepperstone | FP Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | FP Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | MetaTrader (Default) | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Pepperstone | FP Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | FP Markets | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Pepperstone | FP Markets | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Pepperstone Review | FP Markets Review |
| Overall | Pepperstone | FP Markets | |
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| Trust Score | 95 | 89 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | FP Markets Review |
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