Pepperstone vs FP Markets 2026: Which Broker is Better?
Choosing between Pepperstone and FP Markets depends on your trading style, preferred markets, and budget. Pepperstone is headquartered in Melbourne, Australia, while FP Markets operates from Sydney, Australia. FP Markets has the longer track record, established in 2005, compared to Pepperstone which was founded in 2010. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Pepperstone
FP Markets
| Pepperstone | FP Markets | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.8/5 |
| Min. Deposit | $200 | $100 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | ASIC, FCA, CySEC ✓ | ASIC, CySEC |
| Platforms | MT4, MT5, TradingView | MT4, MT5, TradingView |
Pepperstone is the better choice overall, scoring 4.1/5 vs 3.8/5 on BrokerRank's independent rating. On fees, Pepperstone offers lower spreads (0 pips).
See full side-by-side comparison belowPepperstone vs FP Markets: Key Differences
Pepperstone
FP Markets
Still deciding between Pepperstone and FP Markets?
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Fees Comparison
Pepperstone
FP Markets
Lower feesRegulation & Trust
Pepperstone holds licences from ASIC, FCA, CySEC. FP Markets is regulated by ASIC, CySEC.
Markets & Assets
Both brokers offer access to Forex, Cfd, Stocks, Indices markets. Pepperstone additionally covers Crypto. FP Markets adds Commodities.
Trading Platforms
Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. FP Markets offers MT4, MT5, TradingView, Proprietary Mobile. Both brokers are available on MT4, MT5, TradingView, Proprietary Mobile.
Minimum Deposit
Pepperstone requires a minimum deposit of $200, while FP Markets sets a minimum deposit of $100. Both are suitable for traders with moderate starting capital.
Overall Ratings
BrokerRank scores Pepperstone at 4.12/5 and FP Markets at 3.84/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Pepperstone leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
Pepperstone
4.1/5
Choose Pepperstone if you want…
- Higher overall rating (4.1/5)
- More regulatory licences (3)
FP Markets
3.8/5
Choose FP Markets if you want…
- Lower minimum deposit ($100)
- More established (est. 2005)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both Pepperstone & FP Markets are available in
Frequently Asked Questions
1Is Pepperstone better than FP Markets?
Pepperstone scores higher overall on our independent rating system. Pepperstone holds a 4.1/5 rating vs FP Markets's 3.8/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, Pepperstone or FP Markets?
Pepperstone offers spreads from 0 pips, while FP Markets starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for Pepperstone vs FP Markets?
Pepperstone requires a minimum deposit of $200. FP Markets requires $100.
4Which broker is safer, Pepperstone or FP Markets?
Pepperstone is regulated by ASIC, FCA, CySEC, while FP Markets holds licences from ASIC, CySEC.
5What trading platforms do Pepperstone and FP Markets support?
Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. FP Markets supports MT4, MT5, TradingView, Proprietary Mobile.
6Can I use both Pepperstone and FP Markets?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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