Pepperstone
FP Markets

Regulations and Licenses

Feature
Pepperstone
FP Markets
ASIC (Australia)
FCA (UK)
CYSEC (Cyprus)
DFSA (Dubai)
BaFin (Germany)
SCB (Bahamas)

Brokerage

Feature
Pepperstone
FP Markets
EUR/USD Avg. Raw Spread
0.1
0.10
GBP/USD Avg. Raw Spread
0.6
0.20
AUD/USD Avg. Raw Spread
0.3
0.20
EUR/USD Standard Spread
1.12
1.1
EUR/USD Fixed Spreads
GBP/USD Avg. Standard Spread
1.69
1.3
AUD/USD Avg. Standard Spread
1.22
1.3
Commissions (USD Base)
$3.50
$3.00
Minimum Deposit
$0
$100
Swap Free Account
No Inactivity Fees
Funding Methods
16+
10+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
FP Markets
Currency Pairs
62+
63+
Cryptocurrency CFDs*
12+
4+
Index CFDs
14+
14+
Share CFDs
300+
12,986+
Commodities CFD
9+
7+
Stockbroking
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
500:1
Retail Max. Leverage (The United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (The United Kingdom)
500:1
500:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
500:1
500:1
Retail Max. Leverage (UAE)
Major Pairs 30:1
Minor Pairs 20:1
-
Pro. Max. Leverage (UAE)
500:1
-
Retail Max. Leverage (With offshore regulators)
200:1
500:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
Pepperstone
FP Markets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Pepperstone
FP Markets
Our Rating
9.33
8.17

 

Conclusion

Pepperstone is better than FP markets based on lower average spread, greater trust factors, trading platform range and superior customer service.

The executive summary table below shows the key points and why Pepperstone is the better broker/

Feature FP Markets Pepperstone Why Pepperstone Wins
Trading Platforms MetaTrader 4
MetaTrader 5
MetaTrader 4
MetaTrader 5
cTrader
Trading Station
Wider range of trading platforms
Spreads Average Lowest In Market Lowest standard account spreads of any broker
Intruments Offered Forex, Indices, Commodities, Stocks Forex, Indices, Commodities, Metals, Energies Larger selection of instruments
Regulation ASIC (Australia)
CySec (Cyprus)
ASIC (Australia)
CySec (Cyprus)
DFSA (UAE)
FCA (Australia)
BaFIN (Germany)
CFA (Kenya)
Regulated in more regions
Customer Support Email, phone chat, live chat Email, phone chat, 24/5 support Wider support based in Australia and Cyprus

Pepperstone offers a free demo account or a minimum deposit of $200 is recommended for live accounts.

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