Comparison of FBS and Pepperstone
| Feature | FBS | Pepperstone |
|---|---|---|
| Broker | ||
| Year Founded | 2008 | 2010 |
| Broker Type | STP | ECN, DMA |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | BFSC, CySEC, ASIC, FSCA | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), FBS Trader | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:3000 | 1:500 |
| Minimum Deposit | $5 | $1 |
| Base Currencies | USD, EUR | USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, Perfect Money, SticPay, Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Tether (USDT) | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether) |
| Inactivity Fee | ✖ | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
| Protection Size | €20 000 | £85 000 / €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✔ |
| Copy Trading | ✖ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | FBS Review | Pepperstone Review |
About FBS
FBS is a globally recognized forex and CFD broker, established in 2009, known for catering to both beginner and experienced traders. Regulated by reputable authorities such as CySEC (Cyprus) and the FSC (Belize), FBS provides a secure trading environment with a wide range of instruments, including forex, stocks, metals, and cryptocurrencies. The broker offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, enabling traders to benefit from advanced tools and automated trading options. One of FBS's standout features is its high leverage of up to 1:3000, which appeals to traders seeking higher exposure with smaller capital. The broker also offers regular bonuses, promotions, and a free demo account to practice trading strategies. However, FBS's services are not available in some key regions like the US, and its educational resources may not be as extensive compared to other brokers. Despite these drawbacks, FBS remains a popular choice for its user-friendly interface, low minimum deposit requirements, and competitive trading conditions.
Pros
- Regulated by CySEC and FSC for a secure trading environment
- Support for MT4 and MT5 platforms with advanced tools
- High leverage options of up to 1:3000
- Low minimum deposit requirements, ideal for beginners
- Regular promotions, bonuses, and a free demo account for practice
Cons
- Customer support availability may vary by region
- Services are not available in key regions like the US
About Pepperstone
Pepperstone is a globally recognized forex and CFD broker renowned for its competitive pricing, advanced trading platforms, and superior customer service. Founded in 2010 and headquartered in Melbourne, Australia, Pepperstone has grown to become a trusted name in online trading. With multiple regulatory licenses from top-tier authorities, including ASIC, FCA, and CySEC, the broker offers a secure and transparent trading environment. Whether you're a novice or an experienced trader, Pepperstone provides a range of tools and features to enhance your trading journey.
Pros
- Tight spreads starting from 0.0 pips on Razor accounts
- Regulated by multiple top-tier authorities (ASIC, FCA, CySEC, etc.)
- Access to advanced trading platforms like MetaTrader 4/5 and cTrader
- Excellent for scalping and algorithmic trading with fast execution speeds
- No minimum deposit requirement, making it accessible to all traders
- Dedicated 24/5 multilingual customer support
Cons
- Limited in-house educational resources for beginners
- Limited availability of bonus offers or promotions
FBS & Pepperstone Regulation
| Feature | FBS | Pepperstone |
|---|---|---|
Companies | FBS Markets Inc, Tradestone Limited, Intelligent Financial Markets Pty Ltd, TRADE STONE SA (PTY) LTD | Pepperstone Group Limited, Pepperstone Markets Limited, Pepperstone EU Limited, Pepperstone Financial Services (DIFC) Limited, Pepperstone GmbH, Pepperstone Markets Kenya Limited, Pepperstone Limited |
Countries | Belize, Cyprus, Australia, South Africa | Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom |
Regulators | BFSC, CySEC, ASIC, FSCA | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA |
Investor Protection | Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | £85 000 / €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | FBS | Pepperstone |
|---|---|---|
STP Account | ||
| Account Name | Standard | — |
| Min Deposit | $5 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.7 | — |
| Fee | No | — |
| Max Leverage | 1:3000 | — |
| Stop Out | 20% | — |
| Margin Call | 40% | — |
ECN Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1 |
| Fee | — | No |
| Max Leverage | — | 1:500 |
| Stop Out | — | 20% |
| Margin Call | — | 90% |
Zero Account | ||
| Account Name | — | Razor |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0 |
| Fee | — | $7 per 1 lot |
| Max Leverage | — | 1:500 |
| Stop Out | — | 20% |
| Margin Call | — | 90% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | FBS | Pepperstone |
|---|---|---|
Base currencies | USD, EUR | USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, Perfect Money, SticPay, Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Tether (USDT) | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether) |
Inactivity fee | ||
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | FBS | Pepperstone |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), FBS Trader | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
Execution Speed | 30 ms | 40 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Assets
| Asset | FBS | Pepperstone |
|---|---|---|
Currencies | 43 | 97 |
Indices | 11 | 26 |
Stocks | 480 | 986 |
Cryptocurrencies | 5 | 30 |
Bonds | 0 | 0 |
Metals | 8 | 20 |
Energies | 3 | 4 |
Soft Commodities | 0 | 16 |
ETFs | 0 | 108 |
Education and Analytics
| Feature | FBS | Pepperstone |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | FBS | Pepperstone |
|---|---|---|
Email | support@fbs.com | support@pepperstone.com |
Phone | +35722010970 | +17866281209 |
Telegram | Telegram | — |
Facebook | ||
LinkedIn | — | |
YouTube | YouTube | YouTube |
Instagram | ||
Twitter | — |
Which Broker is Better?
After comparing FBS and Pepperstone, FBS comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.