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.
Standard and Raw accounts from $100 with leverage to 1:500 and ECN pricing on both.
Australian broker with strong platform choice and tight pricing.
| 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.
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.