FBS vs Pepperstone Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - FBS or Pepperstone?
Our pick: Pepperstone
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - Pepperstone looks preferable to FBS.
Pepperstone scored 4.6/5 and ranks 6 in our all Forex brokers list, whereas FBS has 4.3/5 and ranks 21.
This is not financial advice. See the full comparison below.
Who is FBS suitable for?
FBS is suitable for beginners thanks to educational materials, as well as for experienced traders who value MetaTrader and reliability.
Who is Pepperstone suitable for?
Pepperstone suits traders seeking a wide choice of platforms, tight spreads, and numerous trading instruments.
Comparison Table of FBS and Pepperstone
| Broker | FBS | Pepperstone |
|---|---|---|
| Rating | 4.3/5 | 4.6/5 |
| Foundation Year | 2007 | 2010 |
| Regulated in Countries | Belize, Cyprus, Australia, South Africa | Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom |
| Minimum Deposit |
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| Spread | from 0.7 points | from 0 points |
| Max Leverage | 1:3000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FBS Review | Pepperstone Review |
FBS Review
FBS is a reliable choice for traders who value a secure and regulated trading environment, complemented by a robust selection of educational resources and trading tools. It is particularly well-suited for those new to trading or looking to expand their knowledge and experienced traders focusing on a diverse range of assets. Despite its limitations in account types and currency options, FBS's strengths in providing competitive trading conditions and comprehensive support make it a commendable broker for a broad spectrum of traders.
Pros and Cons of FBS
Pros
- Regulated by major international organizations.
- Low spreads and commissions.
- Wide range of trading assets.
- Extensive database of educational materials and analytical tools.
- Support for various trading platforms.
Cons
- Limited choice of trading accounts.
- Limited choice of account currency.
FBS is in the top 10 of the following ratings:
Pepperstone Review
Pepperstone is a significant and reliable broker that offers a broad range of trading instruments and attractive trading conditions. With regulation by serious authorities, clients can be confident in the security of their funds.
The broker is suitable for various types of traders. Beginners will find extensive educational materials, including trading guides, webinars, instructional videos, and Forex trading courses. Experienced traders will also appreciate Pepperstone's opportunities, including favorable trading conditions, various trading platforms, and access to complex trading instruments.
The broker's technical support operates at a high level, offering clients quick and efficient responses to any questions.
Pepperstone is an excellent choice for traders of all experience levels. With a unique combination of educational materials, trading tools, and high-quality customer service, this broker ensures excellent conditions for successful trading.
Pros and Cons of Pepperstone
Pros
- Wide selection of trading platforms.
- Tight spreads and favourable trading conditions.
- Numerous regulatory licenses.
- A large number of trading assets.
Cons
- Lack of diversity in types of trading accounts.
Pepperstone is in the top 10 of the following ratings:
Reliability
| Broker | FBS | Pepperstone |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2007 | 2010 |
| Regulated in Countries | Belize, Cyprus, Australia, South Africa | Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom |
| Regulators | BFSC BFSC CySEC CySEC ASIC ASIC FSCA FSCA | ASIC ASIC SCB SCB CySEC CySEC DFSA DFSA BaFin BaFin CMA CMA FCA FCA |
FBS
FBS is a reliable and regulated broker, overseen by several international bodies, ensuring client security and transparency.
Pepperstone
Pepperstone is regulated in seven different jurisdictions, indicating a high level of reliability and regulation.
Account Opening
| Broker | FBS | Pepperstone |
|---|---|---|
| Account Opening | 4.5/5 | 5/5 |
| Minimum Deposit |
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|
FBS
The account opening process at FBS is fast, clear, and relatively simple, although the verification procedure may take some time.
Pepperstone
The account opening process is straightforward, convenient, and fast.
Account Types
| Broker | FBS | Pepperstone |
|---|---|---|
| Account Types | 3/5 | 3.8/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.7 points | from 0 points |
| Max Leverage | 1:3000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FBS
FBS offers only one trading account but with additional services.
Pros
- Availability of demo accounts for practice.
- The possibility of automated trading.
Cons
- Lack of investment accounts (PAMM, copy trading).
- Insufficient variety of trading accounts.
Pepperstone
Pepperstone's account types meet the needs of most traders, though they lack variability.
Pros
- The ability to copy trades.
- Support for VPS hosting.
Cons
- Lack of cent accounts.
- No fixed spread accounts.
Commissions
| Broker | FBS | Pepperstone |
|---|---|---|
| Commissions | 3.5/5 | 4/5 |
| Spread | from 0.7 points | from 0 points |
| Average Spread (EURUSD) | 0.9 | 1.15 |
| Commission per Lot | $3.5 |
FBS
FBS's commissions are average for the market.
Pros
- Low spreads.
Cons
- Possible withdrawal fees in the absence of trading activity.
Pepperstone
Pepperstone does not charge an inactivity fee or withdrawal fees, which is an essential advantage for traders. As for trading commissions, the broker offers competitive conditions.
Deposit and Withdrawal
| Broker | FBS | Pepperstone |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Account Funding Methods |
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FBS
FBS offers many deposit and withdrawal methods with high flexibility and accessibility.
Pepperstone
Account funding and withdrawal processes at Pepperstone are pretty convenient and fast.
Pros
- Multiple available deposit methods.
- No deposit fee.
- Swift transaction processing.
Cons
- Bank fees for withdrawals.
Markets and Products
| Broker | FBS | Pepperstone |
|---|---|---|
| Markets and Products | 4/5 | 5/5 |
| Forex | 43 | 97 |
| Precious Metals | 8 | 20 |
| Energy Carriers | 3 | 4 |
| Indices | 11 | 26 |
| Stocks | 480 | 986 |
| Cryptocurrency | 5 | 30 |
| Soft Commodities | - | 16 |
| ETF | - | 108 |
FBS
FBS provides a broad spectrum of trading assets, albeit with a limited selection of stocks and cryptocurrencies.
Pepperstone
The broker utilizes services from several tier-one liquidity providers to offer clients competitive quotes with low spreads and high liquidity across various instruments.
Trading Platforms
| Broker | FBS | Pepperstone |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
| Trading Platforms |
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FBS
FBS has a wide choice of trading platforms, meeting the needs of different traders.
Pepperstone
Pepperstone offers a wide selection of high-quality and functional trading platforms, making it attractive to many investors.
Analytics
| Broker | FBS | Pepperstone |
|---|---|---|
| Rating | 5/5 | 5/5 |
FBS
FBS offers extensive and high-quality analytical tools that contribute to effective trading.
Pepperstone
Pepperstone has a well-developed analytical department, which includes daily market reviews, an economic calendar, the powerful automatic market analysis tool Autochartist, and convenient calculators for traders.
Education
| Broker | FBS | Pepperstone |
|---|---|---|
| Rating | 5/5 | 5/5 |
FBS
FBS provides comprehensive educational materials suitable for traders at all levels.
Pepperstone
Pepperstone greatly emphasizes the educational component, offering a broad spectrum of instructional materials and resources.
Customer Support
| Broker | FBS | Pepperstone |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Messenger
Viber
Line
Telegram
Whatsapp
Facebook
Instagram
YouTube
Twitter
LinkedInFBS
The technical support of FBS operates 24/7, is multilingual, and offers prompt problem resolution.
Pepperstone
Pepperstone's support service provides clients with various communication channels, prompt responses, professionalism, and efficiency in problem-solving.
Comparisons of FBS and Pepperstone with other brokers
Conclusion
Pepperstone stands out as the better overall pick, while FBS trails on aggregate criteria.
Pepperstone scored 4.6/5 and ranks 6 in our rating; FBS has 4.3/5 and ranks 21.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: FBS or Pepperstone?
Pepperstone comes out ahead by overall rank (score 4.6/5, position 6) versus FBS (score 4.3/5, position 21).
Which broker is better for beginners: FBS or Pepperstone?
Pepperstone is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — FBS or Pepperstone?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with FBS and Pepperstone?
FBS: MetaTrader 4, MetaTrader 5, FBS Trader. Pepperstone: MetaTrader 5, MetaTrader 4, cTrader, TradingView. See the “Platforms” section for details and selection tips.
What markets can you trade with FBS and Pepperstone?
FBS: Forex, Precious Metals, Energy Carriers, Indices, Stocks, Cryptocurrency. Pepperstone: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by FBS and Pepperstone?
FBS: Standard. Pepperstone: Standard, Razor. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by FBS and Pepperstone?
FBS: Neteller, Skrill, Perfect Money, SticPay, Visa, Mastercard, Maestro. Pepperstone: Neteller, PayPal, Skrill, Swift, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — FBS or Pepperstone — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
