FP Markets vs Pepperstone

If you are reading this article, you’re likely having trouble deciding whether Pepperstone or IG Markets is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.

In this Pepperstone vs IG Markets review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• FP Markets vs Pepperstone - Verdict

Feature	FP Markets (visit site)	Pepperstone (visit site)
Headquarter:	Australia	Australia
Regulation :	CySEC, ASIC	FCA, ASIC, DFSA
Type of Broker:	No Dealing Desk	ECN/STP
U.S. Clients Allowed:
Minimum Deposit:	$100	$1
Maximum Leverage:	1:500	1:500
Commissions / Spreads:	Both	Standard Account is Spread Only
Account 1:	Standard	Standard
Account 2:	Raw	Razor
Account 3:	Iress	Edge Active
Account 4:
Demo Account:
Islamic Account:
Segregated Account:
Managed Accounts:
Institutional Accounts:
Website Languages:	English Chinese Other	English Chinese Other
Support Hours:	24/7	24/5
E-mail Support:
SMS Support:
Chat:
Broker Offers:	See what FP Markets offers	See what Pepperstone offers

Features and Platforms

FP Markets, a leading Australian broker, provides traders with upgraded MT4/MT5 trading platforms on top of its geographically restricted proprietary alternative, Iress. Retail account management is available via the MAM/PAMM accounts, while FP Markets also offers social trading options, VPS hosting, and an excellent cost structure. Pepperstone, another competitive Australian broker, is home to one of the best MT4/MT5 upgrade packages, while cTrader is equally available. Social trading support exists via three market-leading providers. A volume-based reward program offers traders a superior pricing environment, while both brokers remain overall very competitive.

Available Markets

Traders at FP Markets get over 70 currency pairs and 11 cryptocurrency pairs. It also offers 10 commodities, 54 equity CFDs for most international traders who remain excluded from Iress, where FP Markets lists more than 10,000. Completing the asset selection are 15 index CFDs, more than 290 ETFs, and 2 bonds. MT4/MT5 accounts remain limited in their choice of trading instruments. Pepperstone counters with 61 currency pairs, nine cryptocurrency pairs, and 23 commodities. It treats all clients to an equal number of equity CFDs, 64, complemented by 14 index CFDs. Pepperstone provides most clients with more trading choices, excluding the Iress account at FP Markets.

Typical Spreads and Fees

FP Markets maintain an equally overpriced commission-free account structure with a minimum mark-up of 1.0 pips or $10 per 1.0 standard lots. The commission-based alternative at both remains highly competitive. FP Markets commences from 0.0 pips for a commission of $6.00 per round lot. Pepperstone shows a minimum spread of 0.0 pips and a fee of $7.00. The volume-based cash rebated program may lower costs to $5.95, down by 15%. Traders must pay swap rates on leveraged overnight positions, and third-party payment processor costs may apply. FP Markets retains a marginal pricing edge over Pepperstone.