FBS vs Pepperstone
Two brokers, one table. Everything below is taken from what each one publishes on its own site, last read on 2026-09-05. No scores, no ranking.
A Belize-licensed broker with its own app, MetaTrader 4 and 5, and a large partner programme.
Australian broker with strong platform choice and tight pricing.
| Detail | FBS | Pepperstone |
|---|---|---|
| Regulation | FBS Markets Inc., FSC Belize licence 000102/31 (reg. 000001317), Belize City | FCA, ASIC, CySEC and others by entity — confirm which applies to you |
| Minimum Deposit | — | No fixed minimum |
| Max Leverage | — | Varies by entity |
| Spread From | — | From 0.0 pips on Razor |
| Commission | — | From $3.5 per lot per side |
| Platforms | FBS App, MetaTrader 4, MetaTrader 5, MultiTerminal | MT4, MT5, cTrader, TradingView |
| Account Types | — | Standard, Razor |
| Funding Methods | — | Card, Bank transfer, PayPal, Skrill, Neteller |
| Withdrawal Time | — | 1-3 business days |
| Founded | — | 2010 |
| Countries | — | 170+ |
What the figures say
- Pepperstone publishes its minimum deposit (No fixed minimum); FBS does not state one on the pages we read.
- Pepperstone publishes its max leverage (Varies by entity); FBS does not state one on the pages we read.
- Pepperstone publishes its spread from (From 0.0 pips on Razor); FBS does not state one on the pages we read.
- Pepperstone publishes its commission (From $3.5 per lot per side); FBS does not state one on the pages we read.
- Platforms: FBS lists FBS App, MetaTrader 4, MetaTrader 5, MultiTerminal; Pepperstone lists MT4, MT5, cTrader, TradingView.
- Pepperstone publishes its account types (Standard, Razor); FBS does not state one on the pages we read.
- Pepperstone publishes its funding methods (Card, Bank transfer, PayPal, Skrill, Neteller); FBS does not state one on the pages we read.
- Pepperstone publishes its withdrawal time (1-3 business days); FBS does not state one on the pages we read.
- FBS also lists Metals, Energies, Stocks.
- Pepperstone also lists Commodities, Shares, Crypto.
A figure marked “—” is one that broker does not publish on the pages we could read; it is not a zero. Terms differ by country and change often, so confirm on each site before opening an account.
FBS: why traders choose it
- FBS App plus MetaTrader 4 and 5 on Android, iOS, web, Windows and macOS
- MultiTerminal and a VPS for traders running several accounts or EAs
- Forex, exotic forex pairs, metals, indices, energies and stocks
- FBS Academy, webinars, analytics and trading calculators built into the site
- Payment processing handled by a Cyprus company named in the footer
Pepperstone: why traders choose it
- TradingView integration for charting and execution in one place
- Razor account offers spreads from 0.0 pips
- No fixed minimum deposit
- Strong regulatory coverage across several regions
- Well regarded customer support
FBS pros
- A wide device list: the same accounts on phone, web and desktop
- A published Belize licence number and physical address
- Strong education section for a first account
FBS cons
- The account-types page we requested returned a 404, so minimum deposit, spreads and leverage are not confirmed here
- Not available to residents of the USA, EU, UK, Israel, India, Iran or Myanmar
- A single offshore licence on the international site
Pepperstone pros
- TradingView trading built in
- Tight Razor spreads
- Broad regulatory footprint
- No minimum deposit requirement
Pepperstone cons
- Commission applies on the tightest account
- Standard account pricing is average
- Instrument list is smaller than some rivals
- Crypto availability depends on region
About FBS
FBS is operated by FBS Markets Inc., licensed by the Financial Services Commission of Belize. It offers forex, metals, indices, energies and stocks on its own app, MetaTrader 4, MetaTrader 5 and MultiTerminal, with a large education and partner programme.
About Pepperstone
Pepperstone pairs competitive ECN pricing with the widest platform choice of the major brokers, including TradingView.
More comparisons
How this page is put together. Both columns use the same fields as the individual reviews, read from each broker's own site. Some links are affiliate links, which may earn Cubie FX a commission at no extra cost to you. Placement is not for sale and nothing here is ranked.