Pepperstone Fees and Spreads
Pepperstone Fees and Spreads
Pepperstone fees spreads and commissions start from AU$3.5 per standard lot with spreads from 0.0 pips.
Pepperstone has a low and incredibly competitive spread when compared to what other brokers offer by offering a spread list which starts from 0.0 pips along with commissions charged from AU$3.5 per standard lot using the Razor Account.
Pepperstone trading fees are according to the type of account that the trader chooses and the options along with the spread list, leverage, minimum deposit required, and commissions are as follows:
- Edge Standard account – minimum deposit of AU$200, leverage up to 1:500, zero commissions and spreads from 1.0 pips.
- Razor Account – minimum deposit of AU$200, leverage up to 1:500, $3.5 commissions per standard lot, variable spreads from 0.0 pips.
- Edge Swap Free Account – minimum deposit of AU$200, leverage up to 1:500, zero commissions and spreads from 1.0 pips.
- Edge Active Traders – minimum deposit of AU$200, leverage up to 1:500, $3.5 commissions per standard lot, variable spreads from 0.0 pips and 10% rebate.
The minimum deposit that Pepperstone requires to open an account is AU$200 which is average when compared to other brokers who offer similar trading conditions.
Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.
Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.
Pepperstone offers the Edge Swap Free Account to traders who are of Muslim faith and who operate under the Sharia Law.
Pepperstone does not offer traders with spread betting and therefore spread betting fees are not applicable to this broker.
Pepperstone does not charge any deposit fees but withdrawal fees are charged based on the payment method the trader chooses to use.
Fees apply to the following payment methods:
- Bank Wire Transfer – US$20
- Neteller and Skrill – US$1
Pepperstone does not waive any additional broker fees such as inactivity fees or fees pertaining to account maintenance and management.
Pros and Cons
|1. Tight and competitive spreads||1. None noted|
|2. Low minimum initial deposit amount||2. Withdrawal fees when using certain payment methods|
|3. Fixed commissions on trades|
|4. Deposit fees are not charged|
|5. Low commissions when compared to other brokers|
How many instruments can I trade with Pepperstone?
You can trade the following instruments:
- CFDs on Indices and Shares
- Commodities, and
- Currency Index CFDs
Which platforms are supported by Pepperstone?
Pepperstone provides the following popular trading platforms:
- MetaTrader 4
- MetaTrader 5, and
Does Pepperstone offer leverage?
Traders have access to leverage up to 1:500 despite the type of account chosen.
What spreads can I expect with Pepperstone?
Spreads from as little as 0.0 pips.
Does Pepperstone charge commission?
Commissions are charged at AU$3.5 per standard lot when using the Razor or Edge Active Trader account.
Is Pepperstone regulated?
Yes, Pepperstone is regulated by the highly reputed CySEC in Cyprus.
Is Pepperstone a recommended forex trading broker for experts and beginners?
Yes, Pepperstone is suitable for both beginner and expert traders.
What is the overall rating out of 10 for Pepperstone?