What do FP Markets and Pepperstone ask for a first deposit?

FP Markets states a minimum deposit of US$100 or equivalent. Pepperstone states No fixed minimum. Both figures are the ones each broker publishes on its own account page, and the entity that serves your country can change them.

What spreads do FP Markets and Pepperstone quote?

FP Markets quotes Standard from 1.0 pips · Raw from 0.0 pips; Pepperstone quotes From 0.0 pips on Razor. These are "from" figures for the tightest account each one sells, not an average, and a spread widens around news and at the session close.

Do FP Markets and Pepperstone charge commission?

FP Markets: Standard: zero · Raw: US$3 per lot per side. Pepperstone: From $3.5 per lot per side. Where a broker charges no commission the cost is inside the spread instead, so compare the two together rather than one at a time.

How much leverage do FP Markets and Pepperstone offer?

FP Markets publishes 1:500 and Pepperstone publishes Varies by entity. The cap you actually get depends on which of the group's entities opens your account and on the instrument.

Can I use the same platform on FP Markets and Pepperstone?

FP Markets supports MetaTrader 4, MetaTrader 5, cTrader, TradingView (Raw). Pepperstone supports MT4, MT5, cTrader, TradingView. If you already trade on one of these, that usually settles the choice faster than any cost figure.

FP Markets 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.

Compiled by Gojo for Cubie FX · figures last read from each broker's own site on 2026-09-05. How we research.

FP Markets

Standard and Raw accounts from $100 with leverage to 1:500 and ECN pricing on both.

ForexMetalsIndicesCommoditiesStocksBondsCrypto

Read the FP Markets review

Pepperstone

Australian broker with strong platform choice and tight pricing.

ForexIndicesCommoditiesSharesCrypto

Read the Pepperstone review

Detail	FP Markets	Pepperstone
Regulation	—	FCA, ASIC, CySEC and others by entity — confirm which applies to you
Minimum Deposit	US$100 or equivalent	No fixed minimum
Max Leverage	1:500	Varies by entity
Spread From	Standard from 1.0 pips · Raw from 0.0 pips	From 0.0 pips on Razor
Commission	Standard: zero · Raw: US$3 per lot per side	From $3.5 per lot per side
Platforms	MetaTrader 4, MetaTrader 5, cTrader, TradingView (Raw)	MT4, MT5, cTrader, TradingView
Account Types	Standard, Raw	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 regulation (FCA, ASIC, CySEC and others by entity — confirm which applies to you); FP Markets does not state one on the pages we read.
Minimum Deposit: FP Markets lists US$100 or equivalent; Pepperstone lists No fixed minimum.
Max Leverage: FP Markets lists 1:500; Pepperstone lists Varies by entity.
Spread From: FP Markets lists Standard from 1.0 pips · Raw from 0.0 pips; Pepperstone lists From 0.0 pips on Razor.
Commission: FP Markets lists Standard: zero · Raw: US$3 per lot per side; Pepperstone lists From $3.5 per lot per side.
Platforms: FP Markets lists MetaTrader 4, MetaTrader 5, cTrader, TradingView (Raw); Pepperstone lists MT4, MT5, cTrader, TradingView.
Account Types: FP Markets lists Standard, Raw; Pepperstone lists Standard, Razor.
Pepperstone publishes its funding methods (Card, Bank transfer, PayPal, Skrill, Neteller); FP Markets does not state one on the pages we read.
Pepperstone publishes its withdrawal time (1-3 business days); FP Markets does not state one on the pages we read.
FP Markets also lists Metals, Stocks, Bonds.
Pepperstone also lists Shares.

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.

FP Markets: why traders choose it

Two accounts, both from US$100 and both on ECN pricing
Raw account: spreads from 0.0 pips plus US$3 per lot each way
Standard account: spreads from 1.0 pips and no commission
Leverage up to 1:500 on both accounts, jurisdiction permitting
TradingView is available on the Raw account, alongside MT4, MT5 and cTrader
EAs, a mobile app and a VPS are listed for both accounts; minimum trade 0.01 lot

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

FP Markets pros

The whole offer fits in one table on their site: two accounts, one minimum, clear costs
US$3 per side is at the low end for a raw account
Stocks and bonds are on the Raw account, not just forex and metals

FP Markets cons

1:500 depends on your jurisdiction; the ASIC and CySEC entities are capped far lower
The Standard account does not include stocks or bonds
The page we read did not name the regulator for the entity serving Bangladesh; check the legal footer for your region

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 FP Markets

FP Markets keeps it to two accounts. Standard is commission-free from 1.0 pips; Raw prices from 0.0 pips with US$3 per lot per side. Both open from US$100, both run ECN pricing, and both offer leverage up to 1:500 where the local entity allows it.

About Pepperstone

Pepperstone pairs competitive ECN pricing with the widest platform choice of the major brokers, including TradingView.

FP Markets vs Pepperstone: common questions

What do FP Markets and Pepperstone ask for a first deposit?: FP Markets states a minimum deposit of US$100 or equivalent. Pepperstone states No fixed minimum. Both figures are the ones each broker publishes on its own account page, and the entity that serves your country can change them.
What spreads do FP Markets and Pepperstone quote?: FP Markets quotes Standard from 1.0 pips · Raw from 0.0 pips; Pepperstone quotes From 0.0 pips on Razor. These are "from" figures for the tightest account each one sells, not an average, and a spread widens around news and at the session close.
Do FP Markets and Pepperstone charge commission?: FP Markets: Standard: zero · Raw: US$3 per lot per side. Pepperstone: From $3.5 per lot per side. Where a broker charges no commission the cost is inside the spread instead, so compare the two together rather than one at a time.
How much leverage do FP Markets and Pepperstone offer?: FP Markets publishes 1:500 and Pepperstone publishes Varies by entity. The cap you actually get depends on which of the group's entities opens your account and on the instrument.
Can I use the same platform on FP Markets and Pepperstone?: FP Markets supports MetaTrader 4, MetaTrader 5, cTrader, TradingView (Raw). Pepperstone supports MT4, MT5, cTrader, TradingView. If you already trade on one of these, that usually settles the choice faster than any cost figure.

More comparisons

FP Markets vs Exness Pepperstone vs Exness FP Markets vs Vantage Pepperstone vs Vantage FP Markets vs HFM Pepperstone vs HFM FP Markets vs FBS Pepperstone vs FBS FP Markets vs RoboForex Pepperstone vs RoboForex FP Markets vs AvaTrade Pepperstone vs AvaTrade

Pick any two brokers

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.