Pepperstone vs FBS - Fees Review included
Which broker is better Pepperstone or FBS? Our expert assessment conducted according to TU’s own methodology showed that Pepperstone is one of the top brokers in the financial market with the TU Overall Score of 7.22 out of 10. FBS is one of the top brokers in the financial market with the TU Overall Score of 8.98 out of 10. Find out more about TU Overall Score.
Feature | Pepperstone | FBS |
---|---|---|
Overall |
4.4 |
4.3 |
4.7 |
4.6 |
|
4.7 |
3.9 |
|
4.4 |
4.1 |
|
Investment Instruments |
4.4 |
4.7 |
Platforms and Charting Tools |
4.8 |
4.5 |
Deposit and Withdrawal |
4.5 |
4.2 |
Research |
3.9 |
3.9 |
Education |
4.1 |
4.2 |
Support |
4.3 |
3.9 |
Bonuses |
3.2 |
5 |
|
|
Pepperstone vs FBS: Pros and Cons
Pepperstone (Pepperstone.com) was founded in 2010 in Melbourne, Australia, by professional traders who were not satisfied with the quality of services provided by most brokers. The founders decided to avoid many of the disadvantages of competitors, including high commissions, delayed execution of orders, etc. They also focused on improving the technical component. The company has set itself the goal of changing the “rules of the game” and setting the bar high for online trading. Today, the broker provides clients all over the world with some of the best technological solutions and favorable trading conditions. The company also provides professional tools that help not only master trading as a type of activity, but also significantly increase the efficiency of trades. Pepperstone is regulated by ASIC (Australian Securities and Investments Commission), FCA (UK Financial Conduct Authority), BaFin, DFSA, CMA, SCB, CySec. Clients' assets are held in aggregated accounts with major banks. These facts confirm the reliability of the company and guarantee the safety of the client's capital.
FBS (fbs.com) is an international broker operating in 190 countries. The brokerage company has been on the market for over 10 years, and during this time it has earned about 40 international awards. It is regulated by the CySEC under license number 331/17 and provides flexible conditions for Forex trading. FBS is especially popular in Asian countries such as India, Malaysia and Indonesia.
Pepperstone | FBS | |
---|---|---|
Overall Pros | Fast order execution - 30 ms on average | A large selection of trading instruments |
Low trading fees | Copyt trading platform | |
Strong luqidity | $140 no-deposit bonus (not available for EU clients) | |
Advanced ECN account | Crypto account | |
Access to TradingView's advanced charting tools | ||
Strong regulation | ||
Overall Cons | The company offer Crypto CFDs outside Africa and UK | Hihg trading fees |
Slow exacution speed |
Pepperstone vs FBS: Safety and Regulation
Regulated By: | Pepperstone | FBS |
---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
Yes |
Yes |
Other Regulators |
Dubai Financial Services Authority (DFSA), BAFIN, SCB, CMA |
Belize IFSC, license IFSC/000102/310, South Africa - FSCA |
Pepperstone vs FBS: Trading Conditions
Trading Conditions | Pepperstone | FBS |
---|---|---|
Minimum Deposit |
$0 |
$1 |
Trading Platforms |
MT4, MobileTrading, WebTrader, cTrader, TradingView |
MetaTrader 4, MetaTrader 5, FBS Trader |
Max Leverage (Futures) |
1-500 |
401769 |
Supported Markets |
Forex, CFDs on Stocks, Commodities, Metals and ETFs, Shares, Crypto |
Forex, CFDs on stocks, indices, metals, energies, crypto |
Trading assets |
1200+ |
200+ |
Trading Accounts |
Razor, Standard |
Standard, Cent, ECN, Micro, Zero Spread, Copy Trade |
Base Account Currencies |
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
EUR, USD |
Pepperstone vs FBS: Fees
Forex Trading Fees
Fee | Pepperstone | FBS |
---|---|---|
Standard Account EURUSD Average Spread |
0.77 pips |
0.8 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
MT4/MT5 Razro - $3.5 per lot. cTrader - $3 per lot |
$6 per lot |
ECN Account EUR Average Spread |
0.17 pips |
0.2 pips |
CFD Trading Fees
Fee | Pepperstone | FBS |
---|---|---|
CFD Trading Fee |
US Shares and ETF CFDs - $0.02 per share, AU shares CFDs - 0.07$ (minimum AUD5), UK shares CFDs - 0.1% (minimum £10), German shares CFDs - 0.1% (minimum €10) Other markets - floating spread |
US Shares - 0.7%, other markets - folating spread above the average |
Non-Trading Fees
Fee | Pepperstone | FBS |
---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
1$ Visa, Neteller 2%, min - 1$, max - 30$ fee, Skrill - 1% + 0.32$, PerfectMoney - 0.5% |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Pepperstone vs FBS: Trading Assets
Asset Name | Pepperstone | FBS |
---|---|---|
Overall |
1200+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Pepperstone or FBS: Investment Programs
Asset Name | Pepperstone | FBS |
---|---|---|
Copy Trading |
Yes |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: FBS or Pepperstone
Pepperstone | FBS | |
---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
Yes |
No |
Appropriate platform |
No |
FBSTrader |
Others |
TradingView |
No |
|
|
Pepperstone vs FBS: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | Pepperstone | FBS |
---|---|---|
Bank Transfer |
Yes |
No |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes (not available for all countries) |
Yes |
Crypto |
No |
No |
Pepperstone vs FBS: Research
Research Type | Pepperstone | FBS |
---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
Yes |
Pepperstone vs FBS: Education
Education Type | Pepperstone | FBS |
---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
Yes |
FBS vs Pepperstone: Support
Support Features | Pepperstone | FBS |
---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
FB Messenger |
Pepperstone vs FBS: Forex Bonuses and Promo
Promo | Pepperstone | FBS |
---|---|---|
Forex Bonus |
No |
$140 no deposit bonus, up to 100% deposit bonus (Bonuses are not available for EU and UK clients) |
Affiliate Program |
For each attracted client under the terms of the program, the affiliate has the opportunity to receive up to USD 400 |
|
Other Promos |
Active trader program - Members of the program are paid a daily rebate, which allows them to offset part of their costs. The amount of the rebate depends on the number of trades performed by the trader per month. The rebate for one currency lot is 15%. What’s more, active traders get priority support and free VPS hosting. |
By activating the option in the personal account, a trader can receive a cashback of up to $15 per lot |
|
|
Top 5 Reviews on FBS
-
Comment
Verifying an account on FBS is fast and easy if you have the recommended documents. This includes a government passport or ID issued the authorities. Make sure you upload both the front and back side of it then enter your accurate date of birth used on your official documents. Mine took time because my documents seem a bit old and some parts are no longer clear. I have to get another document to complete the verification. I would have saved myself the stress and trying over again with the verification process if i tried the first time with the updated documents that has an identifiable images of me.
-
Comment
FBS leverage is one of the features traders with low deposits can use to open larger positions but it is important to use them with caution. I needed to understand how leverage works and a demo account is ideal for this to avoid losing my funds. The FBS demo account is a useful tool which i am using to learn how to trade with leverages which is what i really want to fully understand how to use before trade again in my real account. Opening a demo account on FBS is a straightforward process just that you must sign up on the platform to access the personal area where you can get the options to open a demo account starting with an initial balance of $20000. Leverage is up to 1:3000. Guy, my parctical advise. Please, don’t exceed leverage of more than 1 to 10/ Yes, you will need a higher minimum deposit, but trading with higher leverage is crazy.
-
Comment
Opening an account on FBS is simple. The first step required me to enter my details but I have the option to sign up using my Gmail address. The next step demanded I select a trading platform, account currency and leverage, when I completed the process I realized I had a standard account opened for me. From the personal area I went ahead to open a demo account which was what I needed at the moment to practice. Opening a demo account is quite easy, from the personal area, you can click on add account, select the trading platform, account currency and initial balance. You can download the trading platform app or trade with FBS mt4 webtrader terminal. The web trader terminal interface is friendly and features simple trad
-
Comment
I like this company. I almost doubled my deposit in six months. This is a very good result for me. But the most important thing is that FBS withdraws money without any problems. That is, the company fulfills all agreements with a client. Therefore, I believe that FBS can be trusted.
-
Comment
For me, FBS was one of the first brokers I started trading with; earlier, they used to advertise more online. They had contests, and I even won one of them. Overall, I traded with FBS for a couple of years, and everything suited me. They had a separate blog with analytics, where there were some good materials. Now, many things are no longer available, although the broker continues to operate in the Forex market.
Top 5 Reviews on Pepperstone
-
Comment
As a beginner trader on Pepperstone, one of the biggest tools you should spend time practicing with is the demo account. This is where you can get the perfect practical experience you need to manage the risk the Forex market is known to exist with. You cannot survive in the trading sector if you do not know how to analyze charts using candles and several indicators available on Pepperestone. You can find good trading signals from tools like AutoChartist and the Professional Forex Signal Service, which allow you to copy trading strategies from a large selection of signal providers in a few minutes. But, I would suggest that beginner traders learn how to analyze the market using tools available (charts and indicators) on the Pepperstone demo account, as it will help them learn and become better traders from the trading signals they copy from professionals if they can interpret the strategies.
-
Comment
When I first traded on Pepperstone, one of the trading features i did not quickly understand but rated it as important when i get to understand what it is used for is pips. Infact beginner traders should learn about pips and use them very well when practicing on the demo account provided by Pepperstone. In Forex Trading, Pips happen to be the smallest unit price move an exchange rate makes, and the value depends on the currency pair, trade value and exchange rate. Understanding and utilizing PIPs is crucial for traders as it allows them to accurately assess profit and loss, determine entry and exit points, set stop-loss and take-profit levels, and calculate risk-reward ratios. Additionally, PIPs provide a standardized method for comparing currency pair performance and evaluating market volatility. I would use the Pepperstone pip calculator to calculate the pip value of pairs before i trade. For example, when trading EUR/USD the fixed pip is at 0.01. The value of one pip size is calculate by multiplying the trade value by 0.01.
-
Comment
When trading on Pepperstone, one of the useful tools that make trading much easier is the Autochartist. Analyzing trades to good trade opportunities in real time is when most of the daunting tasks in trading lie. Since the broker incorporates the Autochartist tool, I use the tool to identify chart patterns using technical indicators such as Fibonacci retracements. It is built to recognize trading opportunities based on support and resistance levels, and it keeps an eye on the markets around-the-clock to notify you when there are opportunities to trade. Pepperstone Autochartist is simple to use. First, download the Autochartist mobile app. Next, choose Trading Tools from the secure client area. Next, choose Login to the Mobile App. Finally, use your smartphone to scan the QR code to begin using Pepperstone Autochartist. I use the autochartist in MT4 and MT5 to directly plot trend lines and obtain price forecasts. Simply analyzing the price graph will allow traders to select trades.
-
Comment
Pepperstone Broker is licensed by ASIC regulator, with over ten years of experience, offering conditions suitable for traders of various levels. I started with two hundred dollars, offering spreads from zero, many instruments, and fast execution. Now, about what the company lacks. There are no micro accounts here, and high leverage is only available to professional traders. But I am satisfied with the reliability, quality of services, and the working terminal at Pepperstone Broker.
-
Comment
Pepperstone offers decent trading conditions. I trade all liquid instruments on the Standard account. Everything suits me here. In general, the performance is also not disappointing. I recommend it.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!