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FP Markets vs Pepperstone: Comparison and Analysis

Written by Filippo Ucchino

Fact-Checked by Luca Puddu Publication Date 28 September 2026 Last Updated 28 September 2026

Our verdict · CFD trading

FP Markets and Pepperstone are two great brokers in Nigeria for scalping, automated trading and crypto trading. However, Pepperstone is the better choice if you are looking for no minimum deposit against 100.00 USD and an account held in 10 base currencies against 2, while FP Markets is better because it covers more tradable symbols (10,000 against 1,444) and executes orders in 8 ms against 30 ms. FP Markets holds licences from CySEC, ASIC, the FSA (Seychelles), the FSC (Mauritius) and the FSCA, and Pepperstone from BaFin, CySEC, ASIC, the SCB, the DFSA, the FCA and the CMA. The two brokers charge close costs to trade EUR/USD, 9.50 USD per lot at FP Markets and 9.00 USD at Pepperstone. Both run MetaTrader 4, MetaTrader 5, cTrader and TradingView, with a demo account, copy trading, and deposits and withdrawals in 1 day.

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FP Markets

CFD

84CFD

Open Account

74.56% of retail investor accounts lose money when trading CFDs with this provider.

Pepperstone

CFD

84CFD

Open Account

89% of retail investor accounts lose money when trading CFDs with this provider.

Best for

1 / 12

Pepperstone is better than FP Markets for professional traders and high-volume traders. Scalpers, swing traders and news traders can choose either Pepperstone or FP Markets.

Best for
Overall score	FP Markets 84	Pepperstone 84
Day trading i
Long-term investing i
Professional traders i
High-volume traders i
Scalpers i
Swing traders i
News traders i
Algo traders i
Stock traders i
Crypto traders i
Futures traders i
Options traders i

Regulation

2 / 12

FP Markets and Pepperstone are both regulated by top-tier authorities, FP Markets by CySEC and ASIC (Australia) and Pepperstone by BaFin, CySEC and ASIC (Australia).

Regulation
Section score	FP Markets 100	Pepperstone 100
Tier-1 regulators
ESMA (European Union) i
FCA (United Kingdom) i
ASIC (Australia) i
CFTC (United States) i
NFA (United States) i
SEC (United States) i
CIRO (Canada) i
MAS (Singapore) i
SFC (Hong Kong) i
JFSA (Japan) i
FINMA (Switzerland) i
Tier-2 regulators
FMA (New Zealand) i
CBR (Russia) i
FSCA (South Africa) i
DFSA (Dubai) i
CSRC (China) i
ISA (Israel) i
LFSA (Malaysia) i
JSC (Jordan) i
CMA (Kenya) i
Tier-3 regulators
FSA (Seychelles) i
MMA (Maldives) i
SCB (Bahamas) i
FSC (Mauritius) i
VFSC (Vanuatu) i
FSC (Belize) i
CIMA (Cayman Islands) i
SV FSA (Saint Vincent and the Grenadines) i
FSRC (St. Kitts & Nevis) i
BMA (Bermuda) i
BVI FSC (British Virgin Islands) i
EDR (External Dispute Resolution) i

Safety

3 / 12

Both FP Markets and Pepperstone offer segregated client funds and two-factor authentication.

Safety
Section score	FP Markets 66	Pepperstone 65 -1
Company info
Is it publicly traded i
Is it a bank i
Year founded i	2005	2010
Parent company i	First Prudential Markets Pty Ltd	Pepperstone Group Limited
CEO i	Craig Allison	Tamas Szabo
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i	N/A	N/A
Brand power
Number of customers worldwide i		900,000
Annual revenue i		USD 13,000,000
Monthly website search traffic i	563.6K monthly visits	1.3M monthly visits

Costs

4 / 12

Pepperstone is better than FP Markets for costs, because Pepperstone is cheaper on EUR/USD, at 9 USD per lot (against FP Markets' 9.5 USD), has tighter gold CFD spreads, at 0.19 points (against FP Markets' 0.25 points), and does not charge inactivity fees, unlike FP Markets. Neither FP Markets nor Pepperstone charges account maintenance fees or deposit fees.

Costs
Section score	FP Markets 65 -9	Pepperstone 74 Best
Broker fees
Deposit fees i
Withdrawal fees i
Overnight fees i
Inactivity fees i
Currency conversion fees i
Discounts on volume i
Real time market data fee i
Dividend withholding i
Account opening fees i
Account maintenance fee i
Portfolio management fee i
Fees on CFDs
Forex commission per lot i	USD 6	USD 6
EUR/USD average standard spread i	1.2 pips	1.1 pips
EUR/USD average raw spread i	0.1 pips	0.1 pips
EUR/USD average fixed spread i
EUR/USD total cost per lot i	USD 9.5	USD 9
S&P 500 fees (CFD) i	0.25 points	0.47 points
Gold fees (CFD) i	0.25 points	0.19 points
Bitcoin fees (CFD) i	USD 19.38
US stocks fees (CFD) i	USD 0.02	USD 0.02
Fees on stocks
Stock fee type i	Commission, Percentage	Commission, Percentage
US stocks fees (real) i
ETF fees (real) i
Management costs i
Connection costs i
Fees on futures
Futures fees per contract i
Platform fees i
Fees on options
Options fees per contract i
Event fees i
Fees on savings plans
IRA opening fee i
IRA maintenance fee i
401k opening fee i
401k maintenance fee i

Available markets

5 / 12

FP Markets and Pepperstone are close on available markets. Both FP Markets and Pepperstone offer CFDs on commodities, crypto, forex, indices and stocks. FP Markets has a slight edge, as it gives access to 10,000 tradable symbols (against Pepperstone's 1,444).

Available markets
Section score	FP Markets 75	Pepperstone 75
Total tradable symbols i	10,000	1,444
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i	Commodities, Crypto, Forex, Indices, Stocks	Commodities, Crypto, Forex, Indices, Stocks
Futures i
Options i
Assets you can own i

Platform

6 / 12

Pepperstone is better than FP Markets for platforms, as Pepperstone offers social trading, AutoChartist and ZuluTrade, which FP Markets does not. FP Markets and Pepperstone both offer cTrader and MetaTrader 5.

Platform
Section score	FP Markets 86 -6	Pepperstone 92 Best
Proprietary platform i
MetaTrader 4 i
MetaTrader 5 i
cTrader i
Social trading platform i
Copy trading platform i
ZuluTrade i
TradingView i
Duplitrade i
Mirror Trader i
NinjaTrader i
AutoChartist i
Real time pricing i
5 digit pricing i
One-click trading i

Mobile

7 / 12

FP Markets and Pepperstone are equally good for mobile trading, as both offer a proprietary mobile app and the cTrader app.

Mobile
Section score	FP Markets 100	Pepperstone 100
Proprietary app i
Social trading app i
Copy trading app i
MetaTrader 4 app i
MetaTrader 5 app i
cTrader app i
Mobile trading signals i
Mobile alerts i
Mobile charting tools i
Mobile drawing tools i
Mobile watchlist i
Smartwatch app i

Trading features

8 / 12

Pepperstone is better than FP Markets for trading features. FP Markets and Pepperstone both offer negative balance protection and trailing stops.

Trading features
Section score	FP Markets 87 -6	Pepperstone 93 Best
Trade execution
Broker type i	NDD	NDD
Average execution time i	8 ms	30 ms
Slippage occurrence i
Requotes occurrence i		0.08%
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i	500:1	500:1
Minor/Exotic FX pairs leverage i	500:1	500:1
Major indices leverage i	200:1	400:1
Minor indices leverage i	200:1	100:1
Gold leverage i	500:1	500:1
Commodities leverage i	500:1	50:1
Equities leverage i	20:1	20:1
Cryptocurrency leverage i	5:1	20:1
Risk management
Stop losses i
Take profits i
Limit orders i
Trailing stop i
Margin call i
OCO orders i
Guaranteed stop loss i
Negative balance protection i
Minimum trade size (FX) i	0.01 lots	0.01 lots
Minimum trade size (stocks) i	USD 0	USD 0
Fractional stocks i
Trading compliance
Scalping strategies allowed i
Hedging strategies allowed i
Automated trading strategy allowed i
EAs use allowed i
HFT strategy allowed i
VPS use allowed i
API use allowed i
Price scraping allowed i
FIFO rule applies i

Account types

9 / 12

Pepperstone is better than FP Markets for account types, as Pepperstone offers a professional traders account, an Islamic account and a swap-free account, which FP Markets does not. Both FP Markets and Pepperstone offer a demo account and a corporate account.

Account types
Section score	FP Markets 68 -7	Pepperstone 75 Best
Demo account i
Unlimited demo account i
Standard account i
Micro account i
Cent account i
Nano account i
Raw spread account i
ECN account i
Swap-free account i
Islamic account i
Professional traders account i
Fixed spread account i
Spread betting account i
Copy trading account i
Corporate account i
Managed account i
Stock investing account i
Margin investing account i
Savings account i
Retirement account i

Account opening

10 / 12

Pepperstone is better than FP Markets for account opening, since Pepperstone does not require a minimum deposit (against FP Markets' 100 USD), offers 10 account base currencies (against FP Markets' 2), and supports 3 e-wallets (against FP Markets' 2). Both FP Markets and Pepperstone offer credit cards and debit cards.

Account opening
Section score	FP Markets 72 -18	Pepperstone 90 Best
Minimum deposit i	USD 100	USD 0
Minimum withdrawal i	USD 0	USD 0
Wire transfers i
Credit cards i
Debit cards i
eWallets i	Neteller, Skrill	PayPal, Neteller, Skrill
Local payment methods i
Account base currencies i	EUR, USD	AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, SGD, USD
Deposit waiting time i	up to 1 business days	up to 1 business days
Withdrawal waiting time i	up to 1 business days	up to 1 business days
Bonus program i

Customer care

11 / 12

FP Markets is better than Pepperstone for customer care, given that FP Markets offers customer support in 12 languages (against Pepperstone's 10), and has a website in 10 languages (against Pepperstone's 9). Both FP Markets and Pepperstone offer a dedicated account manager and phone support.

Customer care
Section score	FP Markets 83 Best	Pepperstone 73 -10
Number of languages supported i	12	10
Website languages i	Arabic, German, English, French, Italian, Malay, Portuguese, Russian, Spanish, Vietnamese	Arabic, English, Italian, Korean, Polish, Russian, Spanish, Vietnamese, Chinese
Website available in English i
Customer support languages i	Arabic, German, English, French, Indonesian, Italian, Korean, Malay, Portuguese, Spanish, Thai, Chinese	Arabic, English, Italian, Korean, Polish, Russian, Spanish, Thai, Vietnamese, Chinese
Customer support in English i
Call back request i
Email support i
Phone support i
Live chat i
Priority customer support i
Dedicated account manager i
Cash sweep i
Stock lending i
Distributes proceeds i
Tax withholding agent i
Tax assistance i

Learning

12 / 12

FP Markets is better than Pepperstone for learning, as FP Markets offers professional reports, which Pepperstone does not. Both FP Markets and Pepperstone offer education for advanced traders and webinars.

Learning
Section score	FP Markets 100 Best	Pepperstone 88 -12
Education
Education center i
Education for beginners i
Education for advanced traders i
Webinars i
Tutorials i
Glossary i
Research
Economic calendar i
Traders' sentiment i
Daily market commentary i
Daily trading ideas i
News via social media i
Professional reports i
Watchlist i

FP Markets

Open Account 74.56% of retail investor accounts lose money when trading CFDs with this provider.

Pepperstone

Open Account 89% of retail investor accounts lose money when trading CFDs with this provider.

Our verdict

FP Markets vs Pepperstone: which one should you choose?

FP Markets

CFD Choose FP Markets, regulated by CySEC and ASIC, if you want a CFD broker with a wide choice of markets and fast execution.

Open Account 74.56% of retail investor accounts lose money when trading CFDs with this provider.

Pepperstone

CFD Choose Pepperstone, regulated by the FCA and ASIC, if you want a forex brokerage service with no minimum deposit and a wide range of account currencies.

Open Account 89% of retail investor accounts lose money when trading CFDs with this provider.