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FBS vs Pepperstone: licences, costs and platforms
Facts from both companies’ official pages and regulators’ registers, side by side. We show what the numbers say; the choice is yours.
Facts verified on October 7, 2026
Key differences
- Pepperstone has the lower minimum deposit: $0, against $5.
- Only FBS is licensed by FSC Belize.
- Only Pepperstone is licensed by SCB, CMA (Kenya), CMA (UAE), DFSA, FCA, CySEC, and ASIC.
- Only Pepperstone offers cTrader and TradingView.
- Only Pepperstone supports M-Pesa, Mobile Money (MTN MoMo, Orange Money), and PayPal for deposits and withdrawals.
- Users of other platforms rate FBS higher: 4.9/5, against 4.6/5 for Pepperstone.
Side by side
| Criterion | FBS | Pepperstone |
|---|---|---|
| Rating | ||
| Rating on other platforms | 4.9/5 (117K) | 4.6/5 (37.8K) |
| Regulators | FSC Belize | SCB, CMA (Kenya), CMA (UAE), DFSA, FCA, CySEC, ASIC |
| Minimum deposit | $5 | No minimum |
| Account types | Standard | Standard, Razor |
| Commission per lot (raw spread account) | — | $7 |
| Platforms | MetaTrader 4, MetaTrader 5 | MetaTrader 5, cTrader, MetaTrader 4, TradingView |
| Maximum leverage | up to 1:3000 (FSC Belize) | — |
| Swap-free (Islamic) account | Yes | — |
| Deposit and withdrawal methods | Visa / Mastercard, Bank transfer, Skrill, Neteller | M-Pesa (Kenya), Mobile Money (MTN MoMo, Orange Money; Uganda), Visa / Mastercard, PayPal, Neteller, Skrill, Bank transfer, Bank transfer (United Arab Emirates) |
| Retail CFD accounts losing money | — | 74.1% |
| Not available in | 70 countries | — |
| Founded | 2009 | — |
| Headquarters | Belize | — |
| Read review | Read review |
Frequently asked questions
Which regulators license FBS and Pepperstone?
FBS is licensed by FSC Belize; Pepperstone by SCB, CMA (Kenya), CMA (UAE), DFSA, FCA, CySEC, and ASIC.
What is the minimum deposit at FBS and Pepperstone?
FBS: $5. Pepperstone: No minimum.
Which trading platforms do FBS and Pepperstone offer?
Both offer MetaTrader 4 and MetaTrader 5. Only Pepperstone offers cTrader and TradingView.
Which payment methods do FBS and Pepperstone support?
Both support Visa / Mastercard, Bank transfer, Skrill, and Neteller for deposits and withdrawals. Only Pepperstone supports M-Pesa, Mobile Money (MTN MoMo, Orange Money), and PayPal for deposits and withdrawals.
How are FBS and Pepperstone rated on other platforms?
FBS: 4.9/5 (117K); Pepperstone: 4.6/5 (37.8K). These are ratings by app store and TradingView users, not a Wealth.cat score.
Full reviews
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