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


Visit 74-89% of retail CFD accounts lose money.	Visit 76.5% of retail CFD accounts lose money.
Overview
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.	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.
Best For
Professional traders that day-trade or scalp Algorithmic traders using their own custom built robots Experienced traders	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
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 4 Other Licenses 3 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 3 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
BaFin (Germany) FCA (UK) ASIC (Australia) DFSA (United Arab Emirates) CySec (Cyprus) SCB (Bahamas) CMA (Kenya)	IFSC (Belize) CySec (Cyprus) ASIC (Australia) FSCA (South Africa)
The Good
Well regulated on several jurisdictions Low latency, fast execution under 30ms Competitive spreads and low commissions from 0.0 pips on their Razor account	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)
The Bad
Avaliable asset offering is not that comprehensive No ability to purchase real stocks or cryptocurrencies, only CFDs	Asset offering is extremely limited with over 100+ instruments Minimum deposit for ECN account is high $1,000
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	1 day
📋 Documents Required
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.
📍 Year Founded
2010	2009
💳 Minimum Deposit Range
$200	From $1 to $1,000
💰 Payment Methods
Visa Mastercard Bank Transfer Paypal Neteller Skrill POLi Bpay Unionpay Mpesa	Visa Mastercard Maestro Neteller Sticpay Skrill Perfect Money Bank Transfer (depending on location and entity) Bitcoin Ethereum USDT (Tether)
💵 Account Base Currencies
9 - USD, GBP, AUD, EUR, CHF, HKD, SGD, JPY, NZD.	3 - EUR, USD, AUD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
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.	JP, US, CA, MY, IL, IR.
📊 STP Account
Yes	Yes
📊 DMA Account
No	No
📊 ECN Account
Yes	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
1,536	254
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
1,300	104
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
60	102
📗 Commodities
0	0
📗 Commodities CFDs
31	8
📕 Indices
0	0
📕 Indices CFDs
25	12
📔 ETFs
0	0
📔 ETFs CFDs
100	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
20	28
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
1 Share	$1,000 - 0.01 Lots
📉 Minimum ETFs Trade Size
1 ETF	Unavailable
📈 Minimum Crypto Trade Size
Varies by Crypto (Eg: 0.01 BTC)	$1,000 - 0.01 Lots
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 - 0.01 Lots
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 0.1 Troy ounces of Gold)	$1,000 - 0.01 Lots
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
400	3000
💪 Professional Leverage
500	Unavailable
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
No	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
📺 cTrader
Yes	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	No
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	Yes
👫 Social Trading
Yes	Yes
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
None	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
For Standard account : All fees included in the spread For Razor account: From $7 per Lot round turn	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
Spreads
📈 EUR/USD
Dynamic - From 0 to 0.77 Pips	Dynamic - From 0 to 3 Pips
📉 SP500
Dynamic - From 0.4 to 1.5 Pips	Dynamic - From 170 Pips
📈 GOLD
Dynamic - Average 13.81 Pips	Dynamic - From 32 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Dynamic - From $0.08
📈 XLK (ETF - CFD)
Dynamic - Market Spread	Unavailable
📉 BTC
Dynamic - From $30	Dynamic - From $104
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	No
📡 Reuters Feed
No	No
📡 Educational Content
Yes	No
📡 Live Chat Support
Yes	No
📡 Video Tutorials
Yes	No
📡 Account Management
No	No
📡 Webinars
Yes	No