FP Markets vs Pepperstone: which broker is better in 2026?
We compare FP Markets and Pepperstone — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, Pepperstone edges ahead (4.3/5), but the right choice depends on what matters most to you — check the breakdown below.
Side-by-side comparison
CriteriaFP MarketsPepperstone
Overall score 3.8 4.3
Regulation & safety 3.5 4.5
Fees & deposit 4.0 4.0
Platform & assets 4.0 4.5
User support 3.5 4.0
Trust score74/10087/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsMetaTrader 4, MetaTrader 5, cTrader, IRESSMetaTrader 4, cTrader, TradingView (integrated)
Fee modelRaw spread + commission (Raw) or Standard; competitiveSpread & commission model varies per account type — details not yet verified
Pros & cons
- ASIC/CySEC regulation + full platform selection (including IRESS for stocks)
- Competitive raw spreads
- Operating since 2005
- The global entity (St. Vincent) is less strict than ASIC/CySEC
- Mid-size brand, not a tier-1 giant
- Leverage is high-risk
- Well-documented multi-jurisdiction regulation (ASIC, FCA, BaFin, CySEC, DFSA, SCB) with no negative regulator action found
- Full platform selection: MT4, MT5, cTrader, and integrated TradingView
- Known for a low-cost focus & fast execution — popular for scalping/algo trading
- Forex/CFD focus — not for those seeking real stocks or long-term investing
- Private company (not public), financial transparency more limited than listed brokers
- Leveraged trading remains high-risk even with a solid broker
Regulation at a glance
FP Markets
Australian (2005) — regulated by ASIC (Australia), CySEC (Cyprus), FSA (St. Vincent for the global entity).
Pepperstone
Well-documented, layered regulation: ASIC (Australia) license since February 2013, FCA (UK) since 2015, BaFin (Germany) and CySEC (Cyprus) since around 2020, DFSA (UAE), and SCB (Bahamas). One of the brokers with the most documented regulatory footprint in this directory.