Is Pepperstone or FP Markets better?

FP Markets scores higher on our published methodology (8.8 vs 8.4 out of 10), driven by FP Markets has the stronger Trustpilot standing (4.8). See the full breakdown above before deciding — the right pick depends on your trading style.

Which is cheaper, Pepperstone or FP Markets?

Pepperstone and FP Markets both start from similar spreads (0.0 pips vs 0.0 pips). Commission and minimum deposit also differ — see the spec table above.

All comparisons

FIG 01 — HEAD TO HEAD

PepperstonevsFP Markets

Pepperstone is regulated by ASIC, FCA, CySEC, DFSA, CMA, SCB, BaFin with spreads from 0.0 pips and a $0 minimum deposit, while FP Markets is regulated by ASIC, CySEC, FSCA, FSA (SC) with spreads from 0.0 pips and a $100 minimum deposit.

Verified against each broker's site · Aug 2026. Spreads and terms shift often — always confirm current terms on the broker's own site before trading.

FIG 02 — SPECIFICATIONS

Pepperstone versus FP Markets
Spec	Pepperstone	FP Markets
Rating	8.4	8.8
Trustpilot	4.3 (3,400)	4.8 (10,200)
Regulation	ASIC, FCA, CySEC, DFSA, CMA, SCB, BaFin	ASIC, CySEC, FSCA, FSA (SC)
Min deposit	$0	$100
Spreads from	0.0 pips	0.0 pips
Commission	$3.50/lot/side (Razor)	$3/lot/side (Raw)
Max leverage	1:500 (offshore) / 1:30 (UK/EU)	1:500 (offshore) / 1:30 (ASIC)
Platforms	MT4, MT5, cTrader, TradingView	MT4, MT5, cTrader, TradingView, IRESS
Founded	2010	2005

FIG 03 — VERDICT

8.4

Pepperstone

8.8

FP Markets

FP Markets scores higher on our published methodology (8.8 vs 8.4 out of 10).

· FP Markets has the stronger Trustpilot standing (4.8)
· Pepperstone has the lower minimum deposit ($0)
· FP Markets supports more trading platforms (MT4, MT5, cTrader, TradingView, IRESS)

Pepperstone

Visit Pepperstone Full review

FP Markets

Visit FP Markets Full review

Want a different pairing? See all broker reviews.