FBS Vs. Pepperstone - Compare Trustworthiness, Capabilities, Fees and Legitimacy

FBS is a global broker established in 2009 that specialises in currencies trading via MetaTrader 4 & 5 platforms along with their own proprietary mobile app.

Pepperstone is an Australian broker founded in 2010 with the aim of providing a professional trading experience with low fees and tight spreads. Currently Pepperstone counts with 7 financial licenses and operates in almost every country around the world.

• New traders looking to trade via MT4 with really low starting amounts using their Cent or Micro accounts
• Experienced high volume traders looking for a fixed zero spread account

• Professional traders that day-trade or scalp
• Algorithmic traders using their own custom built robots
• Experienced traders

• IFSC (Belize)
• CySec (Cyprus)
• ASIC (Australia)
• FSCA (South Africa)

• BaFin (Germany)
• FCA (UK)
• ASIC (Australia)
• DFSA (United Arab Emirates)
• CySec (Cyprus)
• SCB (Bahamas)
• CMA (Kenya)

• Clear account offering that covers all levels of traders according to their net worth
• Proprietary copy trading service
• Access to high leverage (Up to 1:3000)

• Well regulated on several jurisdictions
• Low latency, fast execution under 30ms
• Competitive spreads and low commissions from 0.0 pips on their Razor account

• Asset offering is extremely limited with over 100+ instruments
• Minimum deposit for ECN account is high $1,000

• Avaliable asset offering is not that comprehensive
• No ability to purchase real stocks or cryptocurrencies, only CFDs

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• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Visa
• Mastercard
• Maestro
• Neteller
• Sticpay
• Skrill
• Perfect Money
• Bank Transfer (depending on location and entity)
• Bitcoin
• Ethereum
• USDT (Tether)

• Visa
• Mastercard
• Bank Transfer
• Paypal
• Neteller
• Skrill
• POLi
• Bpay
• Unionpay
• Mpesa

JP, US, CA, MY, IL, IR.

AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, KM, TD, CD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VE, VG, EH, YE, ZW, RU.

FBS commissions vary per account type as follows:

• Cent account: none
• Micro account: none
• Standard account: none
• Zero spread account: From $20 per lot
• ECN account: From $6 per lot
• Crypto account: 0.05% for opening or closing positions

• For Standard account : All fees included in the spread
• For Razor account: From $7 per Lot round turn