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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

When it comes to comparing the commissions and fees of Pepperstone and FP Markets, each broker offers distinct advantages. Pepperstone, an agency-execution broker, provides competitive pricing, particularly for high-volume traders through its Razor account and Active Trader program. The Razor account features a commission-based structure with an average spread of 0.10 pips for EUR/USD, and the total cost, including commission, is 0.80 pips. However, the Standard account, which is commission-free, has higher average spreads of 1.1 pips, making it less appealing for those aiming to minimize costs. Pepperstone holds a rating of 4.5 stars and is ranked #10 for commissions and fees by ForexBrokers.com.

FP Markets stands out for its competitive pricing, especially on its Raw ECN account, earning it Best in Class honors for Commissions and Fees in the 2024 Annual Awards. The Raw ECN account averages a spread of 0.1 pips, with the total cost reaching 0.8 pips after including the commission, slightly edging above industry competitors. While the Standard account has higher spreads, FP Markets still maintains its position as one of the most cost-effective brokers globally. FP Markets' alternative trading options include the Iress platform suite, where pricing is less accommodating unless one qualifies for the Premier account or spends a considerable amount in monthly commissions. FP Markets deserves its 5-star rating and ranks #6 in the Commissions and Fees category by ForexBrokers.com.

For active or high-balance traders, Pepperstone offers tier-based rebates on spreads that enhance its appeal for forex trading within the UK, EU, and Australia. Meanwhile, FP Markets provides Direct Market Access (DMA) for share CFD trading via its Iress suite, which may incur extra costs for advanced features unless larger balances or commissions are maintained. Choosing between Pepperstone and FP Markets largely depends on trading volume and platform preferences, as both brokers offer unique benefits in terms of cost efficiency and trading experience.

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 offer forex trading as either a CFD or a spot contract, providing investors with flexibility in their trading strategies. When it comes to the number of tradeable symbols, FP Markets significantly outshines Pepperstone, boasting a portfolio of 10,000 symbols compared to Pepperstone's 1,726. In terms of forex pairs, FP Markets also has a slight edge with 71 pairs available versus Pepperstone's 65. However, neither broker allows clients to purchase exchange-traded securities on U.S. or international exchanges.

For those interested in cryptocurrency, both platforms offer trading of cryptocurrency derivatives, though they do not support the purchase of actual cryptocurrencies. Additionally, both brokers enable copy trading, appealing to beginners and those looking to diversify their trading approach. Ranked at #26 and rated with 4 stars, Pepperstone offers a solid range of investment options. In contrast, FP Markets garners a higher rating of 4.5 stars and holds the #18 rank for its expansive range of investments.

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

When it comes to choosing a trading platform, both Pepperstone and FP Markets offer a wide range of tools and features that can cater to varying levels of trading experience. Both brokers provide simulated trading with free virtual demo accounts, enabling new traders to practice without financial risk. They each have developed their in-house proprietary platforms and support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), enhancing traders' options. While both provide web-based and Windows desktop platforms, allowing seamless trading across devices, Pepperstone stands out by offering DupliTrade—a feature not available with FP Markets.

Pepperstone supports more drawing tools for charting with 30 compared to FP Markets' 17, offering greater flexibility for technical analysis. Both brokers allow trading directly from a stock chart and offer the same number of columns for watch lists. Their copy trading features match, although neither offers ZuluTrade. Ranked closely by ForexBrokers.com for trading platforms and tools, Pepperstone holds the 22nd position, marginally ahead of FP Markets at 23rd. Both brokers received a strong rating of four stars, reflecting their comprehensive offerings.

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 apps for iPhone and Android devices, facilitating convenient trading on the go. Users of these apps can receive real-time price alerts, create watchlists with live quotes, and draw trendlines on stock or forex charts across various time frames. Pepperstone stands apart with its ability to sync watchlist symbols between the mobile app and the client’s online account, ensuring seamless integration. While both platforms allow 30 technical studies, FP Markets utilizes the default studies provided by MetaTrader.

Chart drawings auto-save on both apps, providing a hassle-free user experience. Despite their similarities in functionality and a shared 4-star rating for mobile trading apps, FP Markets is slightly more favored, ranking #18 compared to Pepperstone's #21 out of 63 brokers according to ForexBrokers.com. Both apps provide a solid mobile trading experience, but the choice may come down to specific features like watchlist syncing, which Pepperstone offers and FP Markets does not.

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 excel in providing daily market commentary and forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones. Both brokers also enhance your trading strategies by offering technical analysis through tools from Autochartist. A sentiment-based trading tool is available from both, providing traders with insights into long and short positions for various instruments. Furthermore, each broker offers an economic calendar that helps traders keep track of important global news events.

While both brokers offer strong research tools, FP Markets has a slight edge with the inclusion of Trading Central's technical analytics, a feature not available with Pepperstone. Despite this, Pepperstone receives a higher research rating of 4.5 stars compared to FP Markets' 4 stars, and ranks #12 in research among 63 brokers as per ForexBrokers.com, whereas FP Markets is ranked #25. Neither broker provides research tools from TipRanks or Acuity Trading. Overall, both Pepperstone and FP Markets offer substantial resources for traders seeking comprehensive market research.

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

When it comes to educational resources for beginners, both Pepperstone and FP Markets provide a rich collection targeted at helping traders learn about forex and CFDs. Pepperstone offers a comprehensive suite of educational materials, including a library with over 10 articles, videos, and archived webinars focused on forex and CFDs. They also host monthly educational webinars and provide access to a searchable archive of past sessions. Additionally, Pepperstone caters to beginners and advanced traders alike with a wide selection of educational videos. Their resources are complemented by an investor dictionary containing definitions for over 50 investing terms, making it easier for new traders to understand complex jargon. Rated 4.5 stars for education and ranked 17th by ForexBrokers.com out of 63 brokers, Pepperstone is a solid option for novice traders looking to enhance their knowledge.

FP Markets mirrors these educational offerings with a minimum of 10 articles, videos, and webinars covering forex and CFDs, alongside hosting monthly client webinars and maintaining an accessible archive of past sessions. They also provide beginner and advanced trading videos to support growth as traders progress in their experience. FP Markets includes an investor dictionary with over 50 terms, helping newcomers get accustomed to trading language swiftly. Although rated slightly lower than Pepperstone with 4 stars and ranked 23rd in the education category by ForexBrokers.com, FP Markets remains a strong choice for beginners looking to start their trading journey with a comprehensive educational foundation.

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 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 #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
Platforms & 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
Platforms & 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
Platforms & 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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