Pepperstone vs FBS

Pepperstone vs FBS Comparison Table 2023
Pepperstone	FBS
Review 4.8	Review 4.3
Traders from US not accepted	Traders from US not accepted
Pepperstone offers CFD trading to both retail and professional traders. Clients can trade FX, indices, commodities and shares on MT4, MT5, cTrader and TradingView platforms.	FBS is a top online broker offering MT4 & MT5 trading across a range of popular markets. Multiple account tiers and loyalty bonuses are available.
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
Pros
World-renowned broker with licenses in 7 jurisdictions, including the UK (FCA) and Cyprus (CySEC) Active Trader Program for high-volume traders with discounts on forex, indices and commodities (eligible jurisdictions only) Excellent suite of automated trading tools including Capitalise.ai, Smart Trader and API trading In-depth and frequent webinars covering charting strategies and trading tips Competitive Razor account with tight spreads averaging 0.12 pips for EUR/USD Award-winning customer support via telephone, email or live chat
Cons
Cryptos only available for professional clients in some jurisdictions Limited payment methods for UK clients Traders from the US not accepted
Awards
Best Overall Broker 2023 - DayTrading.com Best Trading App - DayTrading.com 2022 Best Forex Broker - DayTrading.com 2021 #1 Overall Client Satisfaction - UK Investment Trends 2022 #1 Value for Money - UK Investment Trends 2022 #1 Quality of Trade Execution - UK Investment Trends 2022 #1 Ease of Platform Navigation - UK Investment Trends 2022 #1 Charting - UK Investment Trends 2022 Best Forex Broker Overall - Compareforexbrokers.com 2022 Best MT4 Broker - Good Money Guide Best MT4 Broker 2022 Top 5 MetaTrader brokers - Broker Chooser Top 5 MetaTrader brokers 2022	Best Customer Service Broker WBO 2022 Most Reliable Forex Broker MENA 2020 Best Social Trading Application MENA 2020 Best Mobile Trading Platform Asia 2020 Best FX Broker Europe 2019 Most Transparent Forex Broker 2018 Best Forex Broker Asia 2018 Best Safety of Client Funds Asia 2015
Promotions
Switch To Pepperstone For A $5000 Cash Bonus & 10% Spread Rebate	FBS: $140 Level Up Bonus FBS Makes Copytrading Risk-Free On Your First Three Trades
Bonus
	$100 welcome bonus (only available in certain regions)
Instruments
CFD, Forex, Indices, Currency Indices, ETFs, Shares, Commodities, Spread Betting, Crypto (not Africa and only Pro clients in UK)	CFDs, forex, indices, shares, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$500 recommended	$1
Payment Methods
Apple Pay Credit Card Debit Card Mastercard PayPal Visa Wire Transfer	AstroPay Credit Card Maestro Mastercard Neteller Rapid Transfer Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 lots
Regulator
FCA, ASIC, DFSA, CMA, BaFin, CySEC, SCB	ASIC, CySEC, IFSC, FSCA
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
Yes	Yes
cTrader
Yes	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	No
Autochartist
Yes	No
eSignal
No	No
Trading Central
No	No
STP Account
Yes	Yes
ECN Account
Yes	Yes
DMA Account
Yes	No
MAM Account
Yes	Yes
PAMM Account
Yes	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS, Android and Windows	iOS & Android
Auto Trading
Yes	Yes (EAs)
Copy Trading
Yes	No
Copy Trading Platform
Pepperstone offers an impressive range of third-party platforms, including DupliTrade, a tool that allows investors to automatically replicate the trading activity of experts
Social Trading
Yes	No
Trade Signals
Yes (Via Chartist Software)	MT4 & MT5
VPS Hosting
Yes	Yes
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD JPY CHF	USD EUR
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange Japan Exchange Group Korean Stock Exchange London Stock Exchange Nasdaq New York Stock Exchange S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Shenzhen Stock Exchange Toronto Stock Exchange Taiwan Stock Exchange	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq New York Stock Exchange
Commodities
Cocoa Coffee Copper Corn Cotton Gasoline Gold Livestock Natural Gas Oil Orange Juice Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat	Gasoline Gold Natural Gas Oil Silver
CFD Trading
Trade CFDs across a wide range of assets with up to 1:500 leverage for professionals and 1:30 for retail clients	Go long or short on popular financial markets with leveraged CFDs
Leverage
1:500	1:30 EU and restricted countries, 1:3000 rest of the world
FTSE Spread
1.0 pts	From 0.0
GBPUSD Spread
0 pips (Via Razor)	From 0.6
Oil Spread
2.0 pips	From 0.0
Stocks Spread
From 0.0 pts for US shares	Variable
Forex Trading
Pepperstone offers spreads from 0.0 pips on the Razor account and has 60+ pairs available to trade. Lots start at 0.01.	Trade a long list of currencies, including exotics, with competitive spreads
Forex App
Pepperstone deliver their MetaTrader 4 and MetaTrader 5 platforms across both Android and iOS. With faster processing times, the ability to hedge your positions, advanced pending orders and more tools and indicators to take your trading to the next level – the Pepperstone mobile app is a powerful addition.	The FBS Trader app allows clients to manage their finances and speculate on 44 forex pairs, among other assets. Instant deposits are available, as well as one-click trading. Users can also conduct technical analysis via interactive charting with multiple indicators. The app is free to download from the respective app stores.
GBPUSD Spread
0 pips (Via Razor)	From 0.6
EURUSD Spread
0 pips (Via Razor)	From 0.5
EURGBP Spread
0 pips (Via Razor)	From 2.1
Assets
60+	44
Currency Indices
USD EUR JPY
Cryptocurrency
Pepperstone offers a long list of popular cryptocurrencies	FBS offer trading on crypto/metal, crypto/crypto or crypto/fiat pairs.
Spread
BTC 30, ETH 0	Floating
Coins
BCH BTC ETH LTC DASH ADA LINK DOGE EOS DOT XRP XLM XTZ UNI BNB	ADA ALG AVA BAT BCH BNB BTC DOG DOT DSH EOS ETC ETH FIL IOT LNK LTC MKR MTC NEO OMG SHB SOL TRX UNI VEC XLM XMR XRPZEC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
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