Compare FP Markets vs Pepperstone


Online brokers compared for fees, trading platforms, safety and more. See how FP Markets stacks up against Pepperstone!

FP Markets vs Pepperstone
overall rating
4.4
4.4
overall pros
  • Low forex fees
  • Easy and fast account opening
  • Quick deposits and withdrawals
  • Fast and fully digital account opening
  • Great customer service
  • Seamless and free deposit and withdrawal
overall cons
  • High stock CFD fees
  • Limited product portfolio
  • Outdated web and desktop platform
  • Only forex and CFDs
  • Basic news flow
  • No investor protection for clients outside the EU&UK
fees
4.2
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High stock CFD fees
  • High fee for international bank withdrawal
3.7
  • No withdrawal fee
  • No inactivity fee
  • High costs for holding positions overnight
account opening
5.0
  • Fast
  • Fully digital
  • No minimum deposit for forex accounts
  • High minimum account balance for CFD and stock account types
5.0
  • Fast
  • Fully digital
  • No minimum deposit
deposit and withdrawal
4.7
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • Some withdrawal options are not free of charge
4.3
  • Credit/Debit card available
  • No deposit fee
  • Several account base currencies
  • High bank withdrawal fee for clients outside the EU/Australia
web trading platform
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Outdated design
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
  • Search function could be improved
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
2.0
  • Forex
  • CFD
  • Crypto
  • Stocks traded on the Australian Securities Exchange
1.7
  • Forex
  • CFD
  • Crypto
research
3.3
  • Trading ideas
  • User-friendly
  • No fundamental data available
  • No/poor quality news flow
3.3
  • Trading ideas
  • Daily market analysis
  • Newsflow is basic within MetaTrader
  • No fundamental data available
customer service
3.5
  • Live chat
  • Fast response time
  • Great email support
  • No 24/7 support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos and webinars
  • Negative balance protection under CySEC
  • €20,000 investor protection under CySEC
  • Does not hold a banking license
  • No negative balance protection under ASIC
  • No investor protection under ASIC
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection for EU&UK clients
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Forex and CFD traders familiar with MetaTrader and IRESS trading platforms Forex traders looking for great account opening and customer service
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