Pepperstone vs FBS Broker Comparison

Are you trying to figure out which is a better broker, Pepperstone or FBS? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that FBS is the better of the two. FBS offers 70+ instruments, licenses from FCA, CySec, ASIC, IFSC, and fair trading fees.

In the tables below, you can compare the features of Pepperstone and FBS side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked FBS higher than Pepperstone.

Rating
92.5/100
92.5/100
Min. Deposit
200$
1$
Regulated By
FCAFCA
CySecCySec
ASICASIC
CIMACIMA
FCAFCA
CySecCySec
ASICASIC
IFSCIFSC
Bonus
No Information
100%
Min. Spread
0.09
1
Max. Leverage
1:30
1:3000
Currency Pairs
61
35
Trading Instruments
150+
70+
Trading Platforms
MT4, MT5, mobile
MT4, MT5, mobile, WebTrader, Private
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay and more
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Type of Brokers
NDD
STP/ECN
Customer Support
24/5
24/7
Language Support
4
17
Established
2010, HQ in Melbourne
2009
Used By
100,000+ Traders
17,000,000+ Traders

Does Pepperstone or FBS have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive Pepperstone and FBS are, we first considered the common fees on Standard Accounts. At Pepperstone the average spread for the EUR/USD currency pair is 0.09 pips, whilst at FBS the spread is 1.

This shows that Pepperstone is the better option for low-cost forex trading.

When it comes to non-trading fees, Pepperstone charges for . FBS charges for deposit, withdrawal. With this in mind, Pepperstone has lower non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that Pepperstone is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, Pepperstone or FBS?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

Pepperstone is regulated by FCA, CySec, ASIC, CIMA, DFSA, SCB, BaFin and offers client protection. FBS is regulated by FCA, CySec, ASIC, IFSC and offers client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that FBS is the safer broker.

Broker summary

How many trading instruments are available at Pepperstone and FBS?

Pepperstone provides traders with 150+ instruments. This includes 61 currency pairs, 5 cryptocurrencies, and 64 stocks and shares. With Pepperstone, you can also trade CFDs.

In comparison, FBS boasts 70+ tradable instruments. FBS offers 35 currency pairs, 0 cryptocurrencies, and 33 stocks and shares. FBS also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, Pepperstone or FBS?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

Pepperstone provides you with the ability to trade via 3 trading platforms, and FBS has 5 trading platforms. Both brokers also offer research and trading tools, however Pepperstone has more.

Overall, our experts agree that FBS boasts the better trading platform offering.

Research Tools

Which is better for beginners, Pepperstone or FBS?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that FBS is the better broker for beginner traders as it offers a larger range of educational tools and materials. FBS also has a minimum deposit of $.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that FBS is the better broker in a range of key areas. You can learn more by reading our Pepperstone and FBS reviews.

Pepperstone vs FBS
Pepperstone
92.5
Points
FBS
92.5
Points
Overall
Pepperstone
94
Points
FBS
89
Points
Commissions & Fees
5 points
Pepperstone
91
Points
FBS
93
Points
Licensing & Safety
2 points
Pepperstone
98
Points
FBS
95
Points
Trading Platforms & Tools
3 points
Pepperstone
89
Points
FBS
92
Points
Payments
3 points
Pepperstone
88
Points
FBS
90
Points
Customer Service
2 points
Pepperstone
95
Points
FBS
96
Points
Educational
1 points
Open Account in FBS