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Pepperstone vs FP Markets - Fees Review included

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Which broker is better Pepperstone or FP Markets? 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 7.17 out of 10. FP Markets is one of the top brokers in the financial market with the TU Overall Score of 7.07 out of 10. Find out more about TU Overall Score.

Feature Pepperstone FP Markets

Overall

4.4

4.6

Regulation

4.7

4.7

Fees

4.7

4.7

Trading Assets

4.4

4.6

Investment Instruments

4.4

4.9

Platforms and Charting Tools

4.8

4.7

Deposit and Withdrawal

4.5

4.4

Research

3.9

3.9

Education

4.1

3.8

Support

4.3

4.2

Bonuses

3.2

2.1

Pepperstone review

FP Markets review

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Pepperstone vs FP Markets: 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.

FP Markets has provided clients with access to trading on the Forex market since 2005. More than 10,000 trading instruments are available to traders. The broker is attractive due to its favorable trading conditions, super-fast order execution, popular trading terminals, and low spreads. FP Markets is monitored by respected regulators that inspire customer confidence. The transparency and reliability of the company is guaranteed by the supervision of the Australian Securities and Investments Commission - ASIC (license number 286354) and the Cyprus Securities and Exchange Commission - CySEC (license number 371/18). The company also has a registration and an office in the state of Saint Vincent and the Grenadines (SVG FSA). The FP Markets official website contains a lot of useful information about the company, Forex trading, training, analytics, answers to frequently asked questions, a trader's blog, and much more. This training treasure trove will help you improve your level of expertise.

Pepperstone FP Markets
Overall Pros Fast order execution - 30 ms on average favorable trading conditions
Low trading fees more than 10,000 trading instruments
Strong luqidity investment opportunities: copy trading, MAM and PAMM
Advanced ECN account order execution speed is 40 ms
Access to TradingView's advanced charting tools
Strong regulation well-regulated broker
Overall Cons The company offer Crypto CFDs outside Africa and UK complex verification process

Pepperstone vs FP Markets: Safety and Regulation

Pepperstone FP Markets

Max. Regulation Level

Tier-1

Tier-1

Investor protection

£85,000 €20,000 €100,000 (DE)

No

FCA UK Regulation

Yes

No

FINRA (U.S)

No

No

BaFin (Germany)

Yes

No

ASIC (Australia)

Yes

Yes

CFTC (U.S)

No

No

MAS

No

No

FSCA SA

No

Yes

BVI FSC

No

No

VFSC

No

No

FSA (Seychelles)

No

Yes

Pepperstone vs FP Markets: Trading Conditions

Trading Conditions Pepperstone FP Markets

Minimum Deposit

$0

$100

Trading Platforms

MT4, MobileTrading, WebTrader, cTrader, TradingView

MT4, МТ5, Webtrader, Mobile, Iress

Max Leverage (Futures)

1-500

1-500, for EU and AU clients - 1-30

Supported Markets

Forex, CFDs on Stocks, Commodities, Metals and ETFs, Shares, Crypto

Forex, indices, metals, oil, gas, raw materials, securities, cryptocurrency

Trading assets

1200+

10000+

Trading Accounts

Razor, Standard

Demo, Raw, Standard for MT4 and MT5, and Standard, Platinum, and Premier for Iress

Base Account Currencies

AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD

AUD

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Pepperstone vs FP Markets: Fees

Pepperstone FP Markets

Standard acc. spread EUR/USD, min pips

0,5

0,5

Standard acc. spread EUR/USD, max pips

1,5

1,1

ECN Commission

3

3

ECN Spread EUR/USD

0,1

0,1

Deposit fee, %

No

No

Withdrawal fee, %

No

0-1

Withdrawal fee, USD

No

No

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 FP Markets: Trading Assets

Asset Name Pepperstone FP Markets

Overall

1200+

10000+

Forex

Yes

Yes

Stocks

Yes (CFD)

Yes

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

Yes (CFD)

Mutual funds

No

No

Stock options

No

No

Futures Trading

No

No

Binary Options

No

No

Pepperstone or FP Markets: Investment Programs

Asset Name Pepperstone FP Markets

Copy Trading

Yes

Yes

MAM/PAMM

No

Yes

Managed Accounts

No

No

Other

No

Bond CFDs

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Trading Platforms: FP Markets or Pepperstone

Pepperstone FP Markets

MT4

Yes

Yes

MT5

Yes

Yes

cTrader

Yes

No

Appropriate platform

No

No

Others

TradingView

Iress

Pepperstone review

FP Markets review

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Pepperstone vs FP Markets: Deposit and Withdrawal Methods

Pepperstone FP Markets

Bank Wire

Yes

Yes

Bank Card

Yes

Yes

Neteller

Yes

Yes

BTC

No

No

Wise

No

No

Payoneer

No

No

USDT

Yes

Yes

Pepperstone vs FP Markets: Research

Research Type Pepperstone FP Markets

News Feed

Yes

Yes

Fundamental Data

Yes

Yes

Chart Analysis

Yes

Yes

Trading Ideas

Yes

No

E-Mail Reports

Yes

Yes

Pepperstone vs FP Markets: Education

Education Type Pepperstone FP Markets

Demo-account/Paper Trading

Yes

Yes

Webinars

Yes

Yes

Articles

Yes

Yes

Videos

Yes

Yes

Cent account

No

Yes

FP Markets vs Pepperstone: Support

Support Features Pepperstone FP Markets

Working Days

24/5

24/5

E-mail

Yes

Yes

Phone

Yes

yes

Online chat

Yes

Yes

Other

No

No

Pepperstone vs FP Markets: Forex Bonuses and Promo

Promo Pepperstone FP Markets

Forex Bonus

No

No

Affiliate Program

For each attracted client under the terms of the program, the affiliate has the opportunity to receive up to USD 400

CPA. It is a program that allows you to receive remuneration for attracted clients. An excellent option for owners of popular Internet resources, like SEO specialists, bloggers, etc. The partner receives a fixed commission for each attracted client once they become active traders.

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.

Pepperstone review

FP Markets review

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Top 5 Reviews on FP Markets

  • FP Markets

    titha_05

    05.03.2024

    Comment

    I trade with FP Markets and I can say that, for the most part, trading here is feasible. Spreads are not extremely narrow, but when they widen, it's not by much. Swaps can be positive, which is a plus. The trading terminal itself at FP Markets works fine; orders are processed quickly. Withdrawals occur in accordance with regulations. However, the withdrawal timeframes are above average compared to other companies.

  • FP Markets

    thamara

    22.02.2024

    Comment

    I trust fp markets. I really like how it has changed lately, the company has begun to provide better service. So far I like everything, its client-oriented approach is at a high level. I can recommend it.

  • FP Markets

    gemunu

    19.02.2024

    Comment

    I want to say that FP Markets is a normal broker. There have almost never been any problems with either withdrawals or quotes. It’s a completely reliable and solvent broker.

  • FP Markets

    naxim

    16.02.2024

    Comment

    Since the beginning of this year, something strange has been going on with FP Markets. The platform constantly freezes when opening and closing trades. And recently, they opened as many as five trades to buy EUR against USD. I demand that support cancels these trades because I did not open them. But it looks like I need to stop trading with this broker.

  • FP Markets

    altitude2012

    17.01.2024

    Comment

    FP markets brings only losses. And this does not depend on how the trader trades. Even with an excellent trading strategy, trades on this platform cause losses. Because it is beneficial to the company and because FP markets itself trades against traders and takes their money.

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Top 5 Reviews on Pepperstone

  • Pepperstone

    roxyue46@gmail.com

    30.06.2025

    Comment

    Pepperstone offers a combination of transparent trading conditions, fast order execution, and a wide range of instruments. Over the years, the broker has proven to be a reliable partner: its registration with ASIC, FCA, CySEC, and other regulators reflects the trust placed in the company. A $0 minimum deposit makes it accessible for beginners. A nice bonus is support for over 30 languages and 24/5 customer service. Thanks to its variety of account types, negative balance protection, and passive income opportunities through copy trading, Pepperstone has become my go-to choice for long-term trading.

  • Pepperstone

    Jacklivia24@Gmail.com

    26.06.2025

    Comment

    Pepperstone stands out with a free 60-day demo account and two types of live accounts: Razor and Standard. The absence of a minimum deposit, a wide range of base currencies (9 options), and support for 16 trading platforms are definite advantages. Thanks to its partnership programs, the broker is appealing not only to traders but also to those building their own communities — with three partnership models, including one for fund managers. Order execution averages 30 ms, making it suitable for all strategies, including manual and automated trading.

  • Pepperstone

    Dnatnael943@gmail.com

    23.06.2025

    Comment

    I opened a Razor account with Pepperstone — the actual commission is low, and spreads start from zero. Trading CFDs on cryptocurrencies, commodities, and indices is a big plus. The minimum trade size is 0.01 lots, which is convenient for testing new strategies. I was pleased with the instant withdrawals via Visa, Mastercard, PayPal, Neteller, Skrill, and other popular systems. The platform allows flexible risk management with Margin Call/Stop Out levels at 90%/20%. Additionally, the broker partners with Barclays and HSBC as liquidity providers, which adds to its reliability.

  • Pepperstone

    ursulavangulik@gmail.com

    19.06.2025

    Comment

    I have been trading with Pepperstone for over a year and especially appreciate their execution speed — 99.35% of orders are filled in less than 1 second. As an active trader, the availability of MetaTrader 4/5, cTrader, and TradingView is important to me, as well as the absence of requotes. Customer support is available 24/7, and all my issues were resolved promptly. I was pleasantly surprised by the affiliate program — you can earn up to $750 per referred client, and the broker also pays up to 55% under the agency scheme. Thanks to instant execution and spreads starting from 0.0 points, Pepperstone is excellent for news trading.

  • Pepperstone

    gktare8@gmail.com

    16.06.2025

    Comment

    I chose Pepperstone because of its transparent trading conditions and a minimum deposit of $0. The platform offers over 1,200 trading instruments, including currencies, stocks, indices, and commodities. Leverage up to 400:1 for retail clients and 500:1 for professionals provides plenty of room for different strategies. Spreads start from 0.0 points — a real advantage for scalpers. Order execution takes place within 30 ms, confirmed both in demo mode and on live accounts. Deposits and withdrawals are commission-free, there is a wide range of account currencies (AUD, USD, EUR, JPY, and others), and all funds are protected from negative balance.

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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
Author at Traders Union

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.