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FP Markets vs Pepperstone

Side-by-side broker intelligence across regulation, spreads, fees, platforms, and overall model score. Category winners use transparent heuristics and should be treated as editorial guidance, not investment advice.

FP Markets rating

4.5

Pepperstone rating

4.8

Score gap

14 pts

Matchup

Head to head

Winners by category

Pricing & spreads

Pepperstone leads- Edge for Pepperstone (103.8 vs 93.0).

Regulation breadth

Pepperstone leads- Edge for Pepperstone (97.0 vs 70.0).

User experience

Pepperstone leads- Edge for Pepperstone (74.5 vs 71.6).

Editorial composite

Pepperstone leads- Edge for Pepperstone (108.4 vs 93.5).

Full comparison table

Rating

FP Markets

4.5

Pepperstone

4.8

Model score

FP Markets

Pepperstone

Regulation

FP Markets

Authorized and regulated by multiple international bodies, including the Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and Financial Sector Conduct Authority (FSCA, South Africa).

Pepperstone

Regulators: ASIC (Australia), FCA (UK), CySEC (Cyprus), DFSA (Dubai), BaFin (Germany), CMA (Kenya), SCB (Bahamas)

Spreads

FP Markets

True ECN liquidity aggregation with fast average execution times under 40 milliseconds. Spreads on EUR/USD and USD/JPY frequently hover at 0.0 to 0.1 pips during peak market liquidity.

Pepperstone

Razor spreads start from 0.0 pips. Average EUR/USD spread ~0.1 pips (+ commission). High-speed execution via ECN/STP routing.

Fees

FP Markets

Highly competitive pricing structure. The Raw Account charges a low $3.00 per lot per side ($6.00 round turn) with raw interbank spreads. The Standard Account is zero-commission with spreads starting from 1.0 pip. No deposit or withdrawal fees for most methods.

Pepperstone

Razor Account: Raw spreads from 0.0 pips + competitive commission per side. Standard Account: Spread-only with no commission.

Platforms

FP Markets

Comprehensive suite containing MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, Iress ViewPoint (for direct-market-access shares), and the FP Markets mobile app.

Pepperstone

MT4, MT5, cTrader, TradingView.

Account types

FP Markets

Forex & CFD accounts: Standard (spread-only) and Raw (commission + raw spread). Separate Iress Accounts (Standard, Platinum, Premier) for DMA share trading. Islamic (swap-free) accounts are available upon request.

Pepperstone

Standard, Razor, Islamic.

Min deposit

FP Markets

$100 AUD (or $100 USD equivalent) for Standard and Raw MT4/MT5/cTrader accounts.

Pepperstone

Minimum Deposit: $0 - $10 (varies by region, typically no minimum or $10 nominal)

Topic	FP Markets	Pepperstone
Rating	4.5	4.8
Model score	80	94
Regulation	Authorized and regulated by multiple international bodies, including the Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and Financial Sector Conduct Authority (FSCA, South Africa).	Regulators: ASIC (Australia), FCA (UK), CySEC (Cyprus), DFSA (Dubai), BaFin (Germany), CMA (Kenya), SCB (Bahamas)
Spreads	True ECN liquidity aggregation with fast average execution times under 40 milliseconds. Spreads on EUR/USD and USD/JPY frequently hover at 0.0 to 0.1 pips during peak market liquidity.	Razor spreads start from 0.0 pips. Average EUR/USD spread ~0.1 pips (+ commission). High-speed execution via ECN/STP routing.
Fees	Highly competitive pricing structure. The Raw Account charges a low $3.00 per lot per side ($6.00 round turn) with raw interbank spreads. The Standard Account is zero-commission with spreads starting from 1.0 pip. No deposit or withdrawal fees for most methods.	Razor Account: Raw spreads from 0.0 pips + competitive commission per side. Standard Account: Spread-only with no commission.
Platforms	Comprehensive suite containing MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView, Iress ViewPoint (for direct-market-access shares), and the FP Markets mobile app.	MT4, MT5, cTrader, TradingView.
Account types	Forex & CFD accounts: Standard (spread-only) and Raw (commission + raw spread). Separate Iress Accounts (Standard, Platinum, Premier) for DMA share trading. Islamic (swap-free) accounts are available upon request.	Standard, Razor, Islamic.
Min deposit	$100 AUD (or $100 USD equivalent) for Standard and Raw MT4/MT5/cTrader accounts.	Minimum Deposit: $0 - $10 (varies by region, typically no minimum or $10 nominal)