Pepperstone (2010) and FP Markets (2005) are close peers: both hold a DFSA (Dubai) licence among several strict-tier regulators, both offer swap-free account options, and both run MT4, MT5, cTrader and TradingView. FP Markets has the longer track record; the choice turns on country acceptance and the entity serving you. Verify both on the register before depositing.
Broker comparison
Pepperstone vs FP Markets: an honest side-by-side comparison
By CaspianFX Editorial · Last updated 23 June 2026
Pepperstone vs FP Markets: the verified facts
| Broker | Regulation | Swap-free | Platforms | Actions |
|---|---|---|---|---|
| Pepperstone Est. 2010 | FCAASICCySEC | Swap-free | MT4 · MT5 · cTrader | |
| FP Markets Est. 2005 | ASICCySECFSCA | Swap-free | MT4 · MT5 · cTrader |
Only fields we can verify (regulation, swap-free availability, platforms, founding year) are shown. We do not publish spreads, minimum deposits or star ratings.
How do Pepperstone and FP Markets compare on the facts?
These two are the most similar brokers on our shortlist on the verifiable facts. Both hold a DFSA (Dubai) licence among several strict-tier regulators, both offer a swap-free account type, and both run the same broad platform list: MT4, MT5, cTrader and TradingView. The clearest factual difference is track record: FP Markets has operated since 2005, Pepperstone since 2010.
Country coverage is where the practical difference lies for our region. Pepperstone is confirmed to accept clients in Georgia and Azerbaijan (not Kazakhstan), while FP Markets' acceptance of all three Caucasus and Central-Asia markets is not yet confirmed in our research — so for FP Markets you should check its own signup country-selector first. Because they are so close on the verifiable data, the table will look very similar; we do not publish spreads, minimum deposits or star ratings, and will not manufacture a differentiator. The real decision is which entity serves your country and whether the broker accepts you at all.
Regulation and safety of funds: Pepperstone vs FP Markets
Pepperstone holds FCA (United Kingdom), ASIC (Australia), CySEC (Cyprus) and DFSA (Dubai) licences. FP Markets holds ASIC (Australia), CySEC (Cyprus), the FSCA (South Africa) and DFSA (Dubai). Both pair a DFSA licence with strict-tier oversight — the strongest regulatory profiles on our shortlist. The DFSA (Dubai) licence is, for our markets, simply one of several strict-tier licences each holds; it is not local supervision in Georgia, Kazakhstan or Azerbaijan.
For a trader in our region, neither broker is locally supervised, and the deciding detail is which licensed entity opens your account. Both groups route different regions to different entities, and a strict licence only protects you if the entity holding your funds is the one that carries it; the serving entity for our cluster may be a lighter-touch offshore one. With both brokers, read which entity your client agreement names and verify it on the matching register before depositing.
Swap-free accounts: Pepperstone vs FP Markets
Both Pepperstone and FP Markets offer a swap-free account type, meaning such an account exists at each: positions held past the daily cut-off are not charged or credited the overnight swap (interest) that applies on a standard account. This is a neutral product feature about overnight financing — not a religious or ranking claim — and it does not mean the account is free of all costs.
Because the real cost turns on each broker's specific, changeable fee terms — an administration fee, a wider spread on the swap-free account, or a holding-period limit can reintroduce it — we do not rank these two on their swap-free accounts. Read each broker's current swap-free terms for your country and confirm them directly before relying on the label.
Platforms and tools: Pepperstone vs FP Markets
On platforms these two are evenly matched: both offer MT4, MT5, cTrader and TradingView, the widest platform lists on our shortlist. So whether you prefer MetaTrader, want cTrader's execution model and depth-of-market, or want to trade from TradingView's charts, either broker covers it. This is one area where you genuinely cannot separate them on the verified data.
Because the platforms match, the platform choice will not decide this comparison. Weigh the brokers instead on country acceptance (Pepperstone is confirmed for Georgia and Azerbaijan; FP Markets is unconfirmed for our markets), regulation (which entity serves you), and each broker's current pricing on the platform you will use — the platform is the interface, not the pricing engine.
Who should choose Pepperstone, and who should choose FP Markets?
Because these two are so closely matched on platforms and regulation, the honest answer is that either is a credible strict-tier, broad-platform choice for a trader who wants a swap-free account — once country acceptance is confirmed. Lean Pepperstone if you are in Georgia or Azerbaijan, where it is the confirmed option of these two. Lean FP Markets if a longer track record (since 2005) carries weight for you and FP Markets confirms it accepts your country on its signup country-selector.
Let the tie-breaker be the things that actually differ for you: whether the broker accepts your country at all, the specific entity and its current licence status, each broker's current published pricing on the platform you intend to use, and the detailed swap-free terms. In Azerbaijan, mind the AZN transfer caps that limit deposit size. We do not quote spreads or minimums; check each broker's current figures on its own site before deciding.
- Both hold a DFSA (Dubai) licence among several strict-tier regulators.
- Both offer MT4, MT5, cTrader and TradingView — matched on platforms.
- Both offer a swap-free account type.
- Coverage: Pepperstone is confirmed for Georgia and Azerbaijan (not Kazakhstan); FP Markets is unconfirmed for our markets — check its country-selector.
- Tie-break on: country acceptance, the entity serving you, current pricing and swap-free terms.
Frequently asked questions
Which is better, Pepperstone or FP Markets?
They are the closest peers on our shortlist: both hold a DFSA (Dubai) licence among several strict-tier regulators, and both offer MT4, MT5, cTrader, TradingView and swap-free accounts. FP Markets has the longer track record (since 2005). Neither is universally better — decide on country acceptance, the entity serving your country, current pricing and swap-free terms. Trading is high-risk.
Are both Pepperstone and FP Markets strictly regulated?
Yes — both hold a DFSA (Dubai) licence alongside other strict-tier regulators (Pepperstone: FCA, ASIC, CySEC; FP Markets: ASIC, CySEC, FSCA). For our markets the DFSA licence is one of several strict-tier licences, not local supervision. The protection only applies if the entity that opens your account carries it, so verify the specific entity on the matching register before depositing.
Do Pepperstone and FP Markets serve Georgia, Kazakhstan and Azerbaijan?
Pepperstone is confirmed to accept clients in Georgia and Azerbaijan, but not Kazakhstan. FP Markets' acceptance of all three markets is not yet confirmed in our research, so check FP Markets' own signup country-selector before relying on it. Trading is legal for residents in all three, but both are offshore rather than locally supervised.
Do both offer cTrader and TradingView?
Yes. Both Pepperstone and FP Markets offer MT4, MT5, cTrader and TradingView — the widest platform lists on the CaspianFX shortlist. On platforms the two are evenly matched, so the choice turns on coverage, regulation and pricing.
Do both offer swap-free accounts?
Yes — both offer a swap-free account type, so such an account exists at each. That confirms availability only, not that the account is free of all costs. Read each broker's current swap-free terms for your country and confirm them directly before relying on the label.
CaspianFX is an independent EU-based publisher comparing forex and CFD brokers for traders across the Caucasus and Central Asia — Georgia, Kazakhstan and Azerbaijan. Our editorial desk verifies every regulatory claim against the regulator's own register and never accepts payment for a better review. Forex and CFD trading is high-risk and most retail accounts lose money.
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