Broker comparison

FP Markets vs.
Pepperstone

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

Pepperstone has a higher rating of 4.5/5 compared to FP Markets (4.3/5). FP Markets offers 8 instrument types, while Pepperstone offers 7. The minimum deposit is lower at Pepperstone with 0 €. Pepperstone is BaFin-regulated, while FP Markets is supervised by ASIC/CySEC. FP Markets has been in the market since 2005, making it the more experienced provider.

Australian ECN broker with over 10,000 trading instruments

ECN broker with Razor account and ultra-fast execution

At a glance

The key differences

Criterion
PlatformsMT4, MT5, cTrader, IRESS, FP Markets AppMT4, MT5, cTrader, TradingView
Product typesForex, CFDs, Stocks, Indices, Commodities, Crypto, ETFs, BondsForex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices
Options tradingNo, CFDs and DMA stock tradingNo, but over 1,200 CFD instruments
Fee modelRaw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pipRazor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
Minimum deposit100 AUD0 €
RegulationASIC/CySECBaFin/FCA/ASIC
More informationDetailsDetails

Platforms

FP Markets

MT4, MT5, cTrader, IRESS, FP Markets App

Pepperstone

MT4, MT5, cTrader, TradingView

Product types

FP Markets

Forex, CFDs, Stocks, Indices, Commodities, Crypto, ETFs, Bonds

Pepperstone

Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices

Options trading

FP Markets

No, CFDs and DMA stock trading

Pepperstone

No, but over 1,200 CFD instruments

Fee model

FP Markets

Raw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pip

Pepperstone

Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip

Minimum deposit

FP Markets

100 AUD

Pepperstone

0 €

Regulation

FP Markets

ASIC/CySEC

Pepperstone

BaFin/FCA/ASIC

More information

FP Markets

Details

Pepperstone

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

Raw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pip

Published fee
Raw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pip
Minimum deposit
100 AUD
Spread figure
EUR/USD from 0.0 pip (Raw) + $3.00 per lot per side, 1.0 pip (Standard)
See terms at provider

Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip

Published fee
Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip
Minimum deposit
0 €
Spread figure
EUR/USD from 0.0 pip (Razor) + $3.50 per lot
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Execution quality

Order type, venue and liquidity affect execution.

Check the provider’s execution policy and available order types for your account.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

ForexCFDsStocksIndicesCommoditiesCryptoETFsBonds
ForexCFDsIndicesCommoditiesStocks CFDsCryptoCurrency Indices

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

MT4 · MT5 · cTrader · IRESS · FP Markets App

FP Markets offers five trading platforms: MT4 and MT5 for classic forex and CFD trading with Expert Advisors and automated strategies. cTrader impresses with a modern interface and Level II price data. IRESS is the professional DMA platform for direct stock trading with advanced order types and market depth. The FP Markets App enables full-featured mobile trading on all devices.

Explore platform

MT4 · MT5 · cTrader · TradingView

Pepperstone offers four trading platforms: MT4 and MT5 for classic forex trading with Expert Advisors and automated strategies. cTrader impresses with a modern interface, advanced charting, Level II price data, and algorithmic trading via cAlgo. TradingView enables social trading with one of the world's largest trader communities. All platforms support the Razor account with raw spreads and offer mobile versions for trading on the go.

Explore platform

Regulation & security

ASIC/CySEC

Regulatory information

BaFin/FCA/ASIC

Regulatory information

Regulation does not prevent market losses. The relevant authority depends on the contracting entity.

Your investor profile

Who might it suit?

Australian ECN broker with over 10,000 trading instruments

  • Raw spreads from 0.0 pip
  • Over 10,000 instruments
  • IRESS platform for DMA stock trading
  • No BaFin regulation
  • IRESS platform with additional fees

ECN broker with Razor account and ultra-fast execution

  • Razor account with raw spreads from 0.0 pip
  • Fast execution speed
  • MT4, MT5, cTrader and TradingView
  • No options trading
  • No real stocks, only CFDs

Find the broker that fits

FP Markets oder Pepperstone?

Side by side. Decided with knowledge.

See the differences that matter, and the Academy lessons that explain them.

FP Markets4.3
  • Raw spreads from 0.0 pip
  • Over 10,000 instruments
  • IRESS platform for DMA stock trading
Pepperstone4.5
  • Razor account with raw spreads from 0.0 pip
  • Fast execution speed
  • MT4, MT5, cTrader and TradingView
VS
  • Fees
  • Platform
  • Regulation
  • Matching lessons
Two brokers. Many options. Your call.
Open The Dealing Room

Your questions

Frequently asked questions

How do fees differ between FP Markets and Pepperstone?
FP Markets: Raw account: from 0.0 pip + $3 commission/lot, Standard: from 1.0 pip. Pepperstone: Razor account: from 0.0 pip + €2.60 commission/lot, Standard: from 1.0 pip. Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: FP Markets or Pepperstone?
FP Markets offers Forex, CFDs, Stocks, Indices, Commodities, Crypto, ETFs, Bonds. Pepperstone offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto, Currency Indices.
How are FP Markets and Pepperstone regulated?
The broker profiles list ASIC/CySEC for FP Markets and BaFin/FCA/ASIC for Pepperstone. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is FP Markets or Pepperstone better for beginners?
FP Markets lists a 100 AUD minimum deposit and offers MT4, MT5, cTrader, IRESS, FP Markets App. Pepperstone lists 0 € and offers MT4, MT5, cTrader, TradingView. Compare usability, available products and costs for your intended use.
FP Markets vs Pepperstone: Which broker is better overall?
The choice between FP Markets (4.3/5, 900 reviews) and Pepperstone (4.5/5, 1800 reviews) depends on your needs. FP Markets: Australian ECN broker with over 10,000 trading instruments. Pepperstone: ECN broker with Razor account and ultra-fast execution.
How do spreads compare between FP Markets and Pepperstone?
FP Markets offers typical spreads of EUR/USD from 0.0 pip (Raw) + $3.00 per lot per side, 1.0 pip (Standard). Pepperstone offers EUR/USD from 0.0 pip (Razor) + $3.50 per lot. Tighter spreads reduce trading costs especially for active trading.

Your next step

Your next step

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Before you pick a broker

The guides worth reading before your first trade, whichever of the two you choose.

Options risks & opportunitiesWhat you can lose, and what the risk buys you.Options taxes in GermanyFlat-rate tax, loss offsetting and allowances.Options trading basicsStrike, expiry, underlying: the building blocks of every option.
Terms in the glossary:MarginPremiumCall optionUnderlyingExercise