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FP Markets vs Pepperstone 2021

Is FP Markets better than Pepperstone? In our analysis of 23 international regulators across 50 brokers, FP Markets is considered average-risk, with an overall Trust Score of 81 out of 99. Pepperstone is considered low-risk, with an overall Trust Score of 92 out of 99. Learn more about Trust Score.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature FP Markets Pepperstone
Overall 4 4
Commissions & Fees 5 4
Offering of Investments 4.5 3.5
Platforms & Tools 4 4
Mobile Trading 4 4
Research 3.5 4
Education 3 4
Trust Score 81 92
FP Markets Review Pepperstone Review
The vast majority of retail CFD accounts lose money Between 74-89% of retail CFD accounts lose money

Regulation

Feature FP Markets Pepperstone
Trust Score 81 92
Year Founded
2005 2010
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
1 2
Tier-2 Licenses
1 2
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature FP Markets Pepperstone
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
No Yes
CFTC Registered (USA)
No No

Investments

Feature FP Markets Pepperstone
Forex Trading
Yes Yes
CFDs (Total)
8908 127
Forex Pairs (Total)
61 61
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes Yes

Cost

Feature FP Markets Pepperstone
Average Spread EUR/USD - Standard
1.14 (June 2020) 0.75 (April 2021)
All-in Cost EUR/USD - Active
0.61 (August 2020) 0.79 (April 2021)
Active Trader or VIP Discounts
Yes Yes

Funding

Feature FP Markets Pepperstone
Minimum Deposit
$100 AUD $200.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature FP Markets Pepperstone
Proprietary Platform
No No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
Yes Yes
cTrader
No Yes
DupliTrade
No Yes
ZuluTrade
No No

Trading Tools

Feature FP Markets Pepperstone
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
Default (MT4/MT5) (default MT4/cTrader)
Charting - Indicators / Studies (Total)
59 (Standard MT4/cTrader)
Charting - Drawing Tools (Total)
Default (MT4/MT5) (Standard MT4/cTrader)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
No Yes
Order Type - Trailing Stop
No Yes

Mobile Trading

Feature FP Markets Pepperstone
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
No Yes
Charting - Indicators / Studies
Default (MT4/MT5) Default MT4/cTrader
Charting - Draw Trendlines
No Yes
Charting - Trendlines Moveable
No Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No

Research

Feature FP Markets Pepperstone
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No Yes
AutoChartist
Yes Yes
Trading Central (Recognia)
No No
Delkos Research
No Yes
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

Feature FP Markets Pepperstone
Has Education - Forex
Yes Yes
Has Education - CFDs
Yes No
Client Webinars
No Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature FP Markets Pepperstone
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature FP Markets Pepperstone
Overall 4 4
Commissions & Fees 5 4
Offering of Investments 4.5 3.5
Platforms & Tools 4 4
Mobile Trading 4 4
Research 3.5 4
Education 3 4
Trust Score 81 92
FP Markets Review Pepperstone Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare FP Markets vs Pepperstone.

Does FP Markets or Pepperstone offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FP Markets offers better pricing overall for traders.

Is FP Markets or Pepperstone safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Pepperstone holds 2 global Tier-1 licenses, while FP Markets holds 1. Pepperstone holds 2 global Tier-2 licenses, while FP Markets holds 1. In our analysis of 23 international regulators across 50 brokers, Pepperstone earned a higher Trust Score than FP Markets.

Which trading platform is better: FP Markets or Pepperstone?
To compare the trading platforms of both FP Markets and Pepperstone, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Pepperstone offers a better experience. With research, Pepperstone offers superior market research. Finally, we found Pepperstone to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. FP Markets and Pepperstone both offer copy trading. Both FP Markets and Pepperstone offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
FP Markets and Pepperstone offer traders the same number of currency pairs, 61. Forex pairs aside, FP Markets offers traders access to 8908 CFDs while Pepperstone has 127 available CFDs, a difference of 8,781.

Can I trust FP Markets?
FP Markets is not publicly traded and does not operate a bank. FP Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FP Markets is authorised by the following tier-1 regulator: Australian Securities & Exchange Commission (ASIC).

Can I trust Pepperstone?
Pepperstone is not publicly traded and does not operate a bank. Pepperstone is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulators (low trust). Pepperstone is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Pepperstone is authorised by the following tier-2 regulators: Dubai Financial Services Authority (DFSA) and the Cyprus Securities and Exchange Commission (CySEC).

Is FP Markets good?
While FP Markets trails industry leaders in research and education, spreads on MetaTrader are highly competitive, helping FP Markets shine as a low-cost broker for forex and CFDs trading.

Is Pepperstone good?
While Pepperstone offers a small set of tradeable products, it provides one of the largest selections of third-party platforms, including multiple social copy trading options.

Overall winner: FP Markets

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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