In terms of cryptocurrency trading, is FP Markets better than Pepperstone? To help you decide, let's discuss both brokers here.

The rise of cryptocurrencies in the financial world has captured the interest of millions of traders who are looking to capitalize on their inherent volatility and potentially high returns. However, as the number of people venturing into the cryptocurrency market continues to grow, it has become increasingly important to find a broker that is reliable and trustworthy to trade with.

Choosing the right broker can have a significant impact on your trading experience, from the number of trading pairs available to the security of your funds, and every other factor that can make or break your success in the market.

In light of this, we will be comparing two of the most popular brokers in the industry - FP Markets and Pepperstone - specifically for cryptocurrency trading.

FP Markets Vs Pepperstone for Crypto Trading

While both brokers offer a wide range of financial instruments, we will be focusing our attention on their cryptocurrency offerings, such as the variety of coins available for trading, the trading platforms offered, the fees charged, and the regulatory framework under which they operate.

Broker

FP Markets

Pepperstone

💼Regulated by

ASIC (286354), CySEC (371/18), FSA

ASIC (414530), BaFIN (151148), CMA (128), CySEC (388/20), DFSA (F004356), SIA (F217)

💻Trading Platforms

Metatrader 4 & 5

Metatrader 4 & 5

 Instruments

12 pairs (BTCUSD, ETHUSD, XRPLUSD, LTCUSD, BCHUSD, ADAUSD, DOGUSD, EOSUSD, LNKUSD, SOLUSD, and XLMUSD)

21 pairs (Crypto10 Index, Crypto20 Index, Crypto30 Index, BTCUSD, ETH/USD, LTC/USD, BCHUSD, ADAUSD, LINKUSD, DASHUSD, DOGEUSD, EOSUSD, DOTUSD, XRPUSD, XLMUSD, UNIUSD, BNBUSD, XTZUSD, SOLUSD, AVAXUSD, and MATICUSD)

⚖Leverage

1:5

1:5

💸Commission

$3/lot

$3.5/lot

🎓Educational content

Webinars, tutorials, market analysis

Webinars, tutorials, market analysis

These factors will help traders make an informed decision and ensure that they are well-equipped to make the most of their trading opportunities while mitigating any risks involved. Now let's explore each feature on FP Markets and Pepperstone individually:

 

Cryptocurrency Trading in FP Markets

Since 2005, FP Markets has been offering clients the opportunity to trade on the forex market. With over 10,000 trading instruments available, traders have plenty of options to choose from. The broker is known for its favorable trading conditions, quick order execution, popular trading terminals, and low spreads.

FP Markets is closely monitored by reputable regulators, including the Australian Securities and Investments Commission (ASIC) with license number 286354, and the Cyprus Securities and Exchange Commission (CySEC) with license number 371/18. The company is also registered and has an office in Saint Vincent and the Grenadines (SVG FSA).

When it comes to trading cryptocurrencies, FP Markets traders can engage in the buying and selling of 12 digital pairs such as BTC/USD (Bitcoin), ETH/USD (Ethereum), XRP/USD (Ripple), LTC/USD (Litecoin), BCH/USD (BitcoinCash), ADA/USD (Cardano), DOG/USD (Dogecoin), EOS/USD (EOS), LNK/USD (Chainlink), SOL/USD (Solana), and XLM/USD (Stellar). Keep in mind that the cryptocurrency market differs from traditional financial markets in that it operates 24/7 and is known for its high volatility, where prices can rapidly fluctuate.

FP Markets provides traders with access to a wide range of cryptocurrency trading pairs via its popular MetaTrader 4 and MetaTrader 5 platforms. These platforms offer advanced charting tools and technical indicators, which allow traders to perform a thorough analysis of the market and make informed trading decisions.

Furthermore, FP Markets offers competitive spreads and leverage of up to 1:5 for cryptocurrency trading, allowing traders to maximize their potential profits.

Choosing a cryptocurrency broker also depends on the fees charged. FP Markets offers competitive fees, with spreads starting from as low as 0 pips on some cryptocurrency pairs. Additionally, they charge low commissions on trades, with fees starting from just $3 per lot.

Finally, FP Markets provides an extensive range of educational resources to help traders improve their understanding of cryptocurrency trading. These resources include webinars, tutorials, and market analysis, enabling traders to stay up to date with the latest market trends and make informed trading decisions. By providing a variety of resources, FP Markets supports traders in their efforts to develop their trading skills and succeed in the world of cryptocurrency trading.

 

Cryptocurrency Trading in Pepperstone

Pepperstone is a broker that has been in operation since 2010. This broker has more than 4 million clients who utilize its forex/CFD trading services. Pepperstone is regulated by ASIC 414530, BaFin 151148, Capital Markets Authority of Kenya 128, CySEC 388/20, DFSA (Dubai) F004356, FCA 684312, and SCB SIA-F217.

Pepperstone has seven well-regulated subsidiaries that limit the possibility of fraudulent activities and malpractice. Clients of Pepperstone can enjoy certain features such as negative balance protection and segregated deposits from corporate funds. Depending on the subsidiaries, traders can engage in leveraged trading with different maximum leverage:

  • The Kenyan subsidiary offers negative balance protection with a maximum leverage of 1:400.
  • Traders at the Bahamas subsidiary can use maximum leverage of 1:200 without negative balance protection.
  • Pepperstone Australia offers a maximum leverage of 1:30, negative balance protection, but no compensation scheme for depositors.
  • Pepperstone UK offers maximum leverage of 1:30, negative balance protection, and the best regulatory-mandated compensation scheme of £85,000 per client.
Website
Established
2010
Leverage
1:400
Min Deposit
$0
Regulation
ASIC, BaFin, Capital Markets Authority of Kenya, CySEC, DFSA (Dubai), FCA, SCB
Free education
Trading by telephone
PAMM
MAM
Segregated accounts
Affiliate program
Islamic accounts available
Compensation scheme
Negative balance protection
Low spread eur/usd
VPS
Trading via API
Copy trading
Webinar
PayPal
Wire transfer
Neteller
Skrill

Pepperstone was founded in 2010 by a team of experienced traders with a shared commitment to improve the world of online trading. Based in Melbourne, Australia, they grew to become one of the largest forex brokers in the world. If traders want to find a broker that provides low spreads, fast execution, and award-winning support, then the answer is Pepperstone.

Pepperstone has a strong legality guarantee because it has been licensed by the Australian regulator ASIC and FCA. Traders' funds can be deposited in segregated accounts at top Australian banks, one of which is the National Australia Bank (NAB). Therefore, the safety of funds is not a concern if a trader chooses to open an account in Pepperstone.

They succeeded in collaborating with 23 top banks to bring Bid to investors instantly via optical fiber. This allows all orders to be executed 100 percent automatically with low latency up to 0.05 milliseconds, without dealing desk intervention and requotes, as well as with super low trading costs.

Trusted by over 73,000 traders around the world, Pepperstone processes an average of USD12.55 billion of trading volumes every day. Because of that, they have many awards such as:

  • The Best Global Forex ECN Broker 2019 and Best Forex Trading Support-Europe
  • Best Australian Broker and Best Trading Platform 2018 by Compareforexbrokers.com
  • Best Forex ECN Broker, Best Forex Trading Support, and Best Forex Trading Conditions by UK Forex Awards 2018

With the many rewards gained, Pepperstone hopes to attract more and more traders from all over the world. The rising performance of Pepperstone is not only due to the super-tight spreads and fast execution that it provides, but also because many traders are interested in trading with deposits in currencies other than US Dollars.

For this reason, Pepperstone is one of the most market-responsive brokers because it is willing to accept deposits in 10 currencies, which include AUD, USD, EUR, CAD, GBP, CHF, JPY, NZD, SGD, and HKD.

Trading in Pepperstone would allow traders to choose between 11 trading platforms: MT4 for desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad/Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo, and cTrader Mobile. The choice of trading platforms may seem confusing to novice traders, but actually, it is very useful because it has fast execution.

When trading forex, traders can enjoy raw spreads from 0.0 pips on Razor accounts, over 61 currency pairs, and commission-free account funding on a wide range of deposit options. In addition to currency pairs, Pepperstone provides many types of trading instruments, including CFDs for indices and shares, commodities, and cryptocurrencies.

Instruments in commodity trading are pretty much diversified. Not only metal, gold, and silver, but traders can also trade with soft commodities such as cotton, sugar, coffee, cocoa, and orange juice. Pepperstone also provides trading on energy (oil and gas).

There are two types of accounts provided by Pepperstone, namely Razor accounts, and Standard accounts. If you area beginner, it is recommended to choose a Standard account with an average EUR/USD spread of 1.0-1.3 pips and free commission.

Those with particular trading styles such as scalpers and algorithmic traders may enjoy the lower cost setup traditionally seen in a Razor account, with a commission from AUD7 round turn of 100k traded. You can start trading with a minimum lot of 0.01 (micro) and 1:400 leverage.

As a Pepperstone client, a trader can fund and withdraw with alternative methods including Visa, Mastercard, POLi internet banking, bank transfer, BPay, PayPal, Neteller, Skrill, and Union Pay.

If you are new to trading or looking to practice your trading strategies in a risk-free environment, you can create Demo Account in Pepperstone. But if you are an experienced trader or prefer to learn by doing, Pepperstone provides a Live Account that allows you to trade with live executions and pricing.

Traders can also follow and copy strategies from popular traders using third-party services while learning how to improve their trading abilities. Pepperstone has partnered with a range of social trading platforms that traders can choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader signals, and Duplitrade.

With Pepperstone, traders have access to 21 cryptocurrency trading pairs, which include three crypto indices of Crypto10 Index, Crypto20 Index, and Crypto30 Index as well as 18 cryptocurrency trading pairs such as BTC/USD (Bitcoin), ETH/USD (Ethereum), LTC/USD (Litecoin), BCH/USD (Bitcoin Cash), ADA/USD (Cardano), LIN/KUSD (Chainlink), DASH/USD (Dash), DOGE/USD (Dogecoin), EOS/USD (EOS), DOT/USD (Polkadot), XRP/USD (Ripple), XLM/USD (Stellar Lumens), UNI/USD (Uniswap), BNB/USD (Binance Coin), XTZ/USD (Tezos), SOLUSD (Solana), AVA/XUSD (Avalanche), and MATIC/USD (Polygon).

With a leverage of up to 1:5, Pepperstone provides access to cryptocurrency trading through its MetaTrader 4, MetaTrader 5, and cTrader platforms. Both offer advanced charting tools and technical indicators to help traders analyze the market and make informed trading decisions.

Crypto trading in Pepperstone is supported by a range of educational resources to help traders improve their understanding. The program includes webinars, tutorials, and market analysis to help traders stay up to date with the latest market trends and make informed trading decisions.

In terms of fees, Pepperstone offers very competitive fees, with spreads starting from as low as 0 pips on some cryptocurrency pairs. They also charge low commissions on trades, with fees starting from just $3.50 per lot. This means that clients can keep their trading costs to a minimum, which is essential for maximizing their profits.

Where to Find the Information on the Official Broker Site?

  • This information is reported per Apr 17 2024.
  • We can not ensure if this offering is still available or remain the same in future.
  • The broker announcement page may or may not exist anymore, You may explore Pepperstone homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.

 

So, FP Markets or Pepperstone?

While both FP Markets and Pepperstone have their respective strengths in cryptocurrency trading, the choice ultimately depends on the trader's individual needs and preferences.

FP Markets offers lower commission fees, with rates starting from $3 per lot, which is cheaper than Pepperstone's $3.50 per lot. This can be an attractive feature for traders who prioritize keeping their trading costs low.

On the other hand, Pepperstone offers a wider variety of cryptocurrency trading pairs with 21 instruments available compared to FP Markets' 12. This variety can provide traders with more opportunities to trade and diversify their portfolios.

Another factor to consider is the trading platform. Both brokers offer MetaTrader 4 and 5, which are popular and widely used platforms for trading. However, Pepperstone also offers cTrader, which is known for its advanced charting tools and user-friendly interface.

In summary, traders looking for lower commission fees may prefer FP Markets, while those who prioritize a wider range of trading pairs and a more advanced trading platform may opt for Pepperstone. Ultimately, it is important to carefully evaluate your trading goals and needs, as well as the features and services offered by each broker before making a decision.

 

Final Thought

To summarize, FP Markets and Pepperstone are both well-established brokers that provide various cryptocurrency trading options to traders. Both offer access to popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, as well as other altcoins with competitive spreads and leverage options. Additionally, both brokers provide educational resources such as webinars, tutorials, and market analysis to help traders stay informed and up-to-date on the latest trends in the cryptocurrency market.

Ultimately, traders must carefully consider the strengths and weaknesses of each broker before making a decision. It is recommended to conduct thorough research and analysis before choosing a broker by taking into account various factors such as fees, trading platform, regulatory compliance, and customer support.