FP Markets vs Pepperstone 2026
Both are regulated. The right choice depends on your trading style.
FP Markets suits traders who value tighter spreads, real stock ownership, more instruments (10,000 vs 1,200). Pepperstone suits traders who prioritise lower minimum deposit (None vs $100), copy trading.
Head to head
| FP Markets | Pepperstone | |
|---|---|---|
| Primary regulator | ASIC 286354 | FCA 684312 |
| Regulation tier | tier-1 | tier-1 |
| Min deposit | $100 | None |
| EUR/USD spread | From 0.0 pips (ECN) | From 0.0 pips (ECN) |
| Instruments | 10,000+ | 1,200+ |
| MetaTrader | Yes (MT4+MT5) | Yes (MT4+MT5) |
| Copy trading | No | Yes |
| Real stocks | Yes | No — CFDs only |
| Inactivity fee | None | None |
| Founded | 2005 | 2010 |
| Headquarters | Sydney, Australia | Melbourne, Australia |
Regulation: FP Markets vs Pepperstone
FP Markets is regulated by ASIC under licence 286354 (First Prudential Markets Pty Ltd). The ASIC is a tier-1 regulator. Client funds are held in segregated accounts and negative balance protection applies.
Pepperstone is regulated by FCA under licence 684312 (Pepperstone Ltd). The FCA is a tier-1 regulator. Client funds are held in segregated accounts and negative balance protection applies.
Both brokers are regulated by tier-1 authorities. Neither has a significant regulatory advantage over the other.
Spreads and fees
FP Markets's EUR/USD spread is From 0.0 pips (ECN). Pepperstone's EUR/USD spread is From 0.0 pips (ECN). FP Markets offers tighter spreads on this pair.
FP Markets does not charge an inactivity fee. Pepperstone does not charge an inactivity fee.
Platforms and tools
Both FP Markets and Pepperstone support MetaTrader 4 and 5, so algorithmic traders and EA users can use either.
Pepperstone offers copy trading, FP Markets does not.
Minimum deposit
FP Markets requires a minimum deposit of $100. Pepperstone requires None. Pepperstone has the lower barrier to entry.
Note that minimum deposits can vary by account type and by which regulatory entity serves your country. Some offshore entities allow lower deposits than the tier-1 entity.
Which is better for beginners?
Pepperstone is generally better for beginners because it offers copy trading. Pepperstone also has the lower minimum deposit of None. Both platforms are accessible to new traders, though neither is specifically designed as a beginner-only broker.
Which is better for experienced traders?
Both FP Markets and Pepperstone support MetaTrader, so experienced traders can use either without restriction. FP Markets's tighter spreads (From 0.0 pips (ECN)) make it better for high-frequency and scalping strategies. FP Markets offers more instruments (10,000) for portfolio diversification.
Verdict: FP Markets vs Pepperstone
Choose FP Markets if you want tighter spreads, real stock ownership, more instruments (10,000 vs 1,200). The ASIC licence (286354) gives it strong tier-1 regulatory backing.
Choose Pepperstone if you want lower minimum deposit (None vs $100), copy trading. The FCA licence (684312) means strong tier-1 regulatory protection.
Both brokers are legitimate and regulated. The choice comes down to your specific trading requirements.
Frequently asked questions
FP Markets vs Pepperstone: which is better?
FP Markets is better for tighter spreads, real stock ownership, more instruments (10,000 vs 1,200). Pepperstone is better for lower minimum deposit (None vs $100), copy trading. If regulation quality is your priority, both have comparable regulation.
Is FP Markets or Pepperstone safer?
Both FP Markets (ASIC 286354) and Pepperstone (FCA 684312) are regulated by tier-1 authorities. Both segregate client funds.
What is the minimum deposit for FP Markets and Pepperstone?
FP Markets minimum deposit: $100. Pepperstone minimum deposit: None. Minimums vary by entity and account type.
Do FP Markets and Pepperstone have MetaTrader?
Yes, both support MetaTrader 4 and MT5.