Pepperstone Account Types: A Guide for Traders 2024
Currently, Pepperstone offers two primary account options: the Standard Account, which is spread-based, and the Razor Account, which is commission-based. Additionally, Pepperstone provides various specialized accounts, including Spread Betting, Islamic, Professional, MAM/PAMM, and Trust accounts.
This comprehensive comparison will help you understand the features, benefits, and suitability of each Pepperstone account type to make an informed decision.
Pepperstone Account Types Comparison
The table below compares the Standard and Razor accounts offered by Pepperstone:
| Standard | Razor | |
|---|---|---|
| Account Currency | USD, EUR, GBP, CHF, JPY, NZD, SGD, CAD, HKD, AUD | |
| Minimum Deposit | 1 $1 €show all | |
| Trading Platforms | MetaTrader 5MetaTrader 4cTraderTradingView | |
| Spread | floatingfrom 1 pipsfor EURUSD~ 1.15 pips | floatingfrom 0 pipsfor EURUSD~ 0.15 pips |
| Commission per Trade | per 1 lot~ 3.5 $ | |
| Trading Assets | ForexIndicesCryptocurrencyETFStocksPrecious MetalsEnergy CarriersSoft Commodities | |
| Opened Positions | — | |
| Leverage | 1:1-1:500 | |
| Margin Call / Stop Out | 90% / 20% | |
| Order Execution | ECN | |
| Demo Account | ||
| Islamic Account | ||
| Open AccountRegister | Open AccountRegister | |
Please note that the account details provided above are specific to Pepperstone Markets Limited, regulated by the SCB. Account details may vary for traders in other jurisdictions where Pepperstone holds licenses. For more information, please refer to the specific regional reviews:
Pepperstone Account Features
Pepperstone is a competitive multi-asset CFD and Forex broker, offering a variety of account types designed to give traders an edge. Below are the key features of Pepperstone accounts that cater to diverse trading needs and preferences:
User-Friendly Back-Office: Ideal for managing multiple accounts with ease.
Upgraded Trading Platforms: Enhanced MT4/MT5 platforms with 28 plugins, Expert Advisors (EAs), and Autochartist.
Capitalise AI: Enables automation of strategies in a code-free environment.
Deep Liquidity & Competitive Leverage: High liquidity and leverage up to 1:500, depending on the regulator.
NDD Order Execution: Superb No Dealing Desk (NDD) order execution with a 99.95% fill rate.
Balanced Asset Selection: Access to over 1,200 trading instruments.
Competitive Forex Costs: Low commission-free Forex costs.
Premium Client Account: Includes an Active Trader Program with a three-tier volume-based rebate.
Multiple Account Base Currencies: Supports ten base currencies: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD.
Algorithmic Trading: Comprehensive support, including VPS and API trading.
Copy Trading: Available through embedded MT4/MT5/cTrader solutions, Myfxbook, Autotrade, and DupliTrade.
TradingView Community Access: Join an active community of over 30 million traders.
Unlimited Demo Accounts: Available for all funded account types.
No Minimum Deposit Requirement: Pepperstone recommends a $200 minimum deposit.
Various Payment Processors: Choice of multiple payment options.
Pepperstone Trading Account Types Details
The table below summarizes the essential details of Pepperstone account types:
| Feature | Description |
|---|---|
| Minimum Deposit | $0 (Pepperstone recommends $200) |
| Minimum Forex Spreads | 0.1 pips (commission-based) / 1 pips (commission-free) |
| Commissions | $6 per 1.0 standard round lot (cTrader) / $7 per 1.0 round lot (MT4/MT5) |
| Rebate Program | Yes (three-tier volume-based Active Trader Program) |
| Maximum Leverage | Up to 1:500 (dependent on the subsidiary and asset) |
| Order Execution Model | ECN |
| Minimum Trade Size | 0.01 lots |
| Algorithmic Trading | Yes |
| Copy Trading | Yes |
| Mobile Trading | Yes |
| VPS Trading | Yes |
| API Trading | Yes |
| Account Base Currencies | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
| Trading Instruments | Over 1,200 |
| Trading Platforms | MT4, MT5, cTrader, TradingView |
| Capitalise AI | Yes |
| Autochartist | Yes |
| TradingView Community | Yes |
| Demo Accounts | Unlimited for funded accounts |
Pepperstone provides an extensive range of features and tools to support both novice and experienced Forex traders. The broker's commitment to offering a versatile trading environment makes it a strong choice for those looking to maximize their trading potential.
Pepperstone Standard Account
The Pepperstone Standard account is designed to cater to the needs of beginner and intermediate traders, providing a user-friendly and accessible trading experience. This account type is ideal for those looking for simplicity without compromising on essential features and competitive costs.
| Feature | Description |
|---|---|
| Commission-Free Trading | No commissions are charged, with costs embedded in the spreads, starting from 0.6 pips for the EUR/USD pair. |
| Minimum Deposit | No minimum deposit requirement, although $200 is recommended to cover margin requirements. |
| Leverage | Up to 1:500, depending on the asset and jurisdiction regulations. |
| Trading Instruments | Access to over 1,200 instruments, including Forex, indices, shares, commodities, ETFs, and cryptocurrencies. |
| Trading Platforms | Advanced MT4, MT5, and cTrader platforms, featuring various plugins, Expert Advisors (EAs), Autochartist, and Capitalise AI. |
| Algorithmic and Copy Trading | Supports algorithmic trading with VPS and API trading, and copy trading through MT4/MT5/cTrader solutions, Myfxbook Autotrade, and DupliTrade. |
| Order Execution | No Dealing Desk (NDD) order execution with a 99.95% fill rate. |
| Account Base Currencies | Ten base currencies, including AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD. |
| Active Trader Program | Eligible traders can join the three-tier volume-based rebate program to reduce trading costs further. |
The Pepperstone Standard account is a comprehensive option for traders who seek competitive spreads, reliable execution, and a wide range of trading instruments without the complexity of commission-based pricing. Whether you are new to trading or looking to manage a diversified portfolio, the Standard account offers a balanced and efficient trading environment.
Pepperstone Razor Account
The Pepperstone Razor account is tailored for high-frequency traders, such as scalpers and algorithmic traders, offering institutional-grade spreads and a commission-based pricing structure. This account type provides the full Pepperstone experience with features designed to meet the needs of more experienced traders.
| Feature | Description |
|---|---|
| Institutional Grade Spreads | Yes |
| Average EUR/USD Spread | 0.0 - 0.3 pips |
| Commission | From AUD $7 round turn per 100k traded |
| Best For | Scalpers and algorithmic traders |
| Minimum Deposit | No minimum deposit required (recommended $200 for margin) |
| Leverage | Up to 1:500 (dependent on jurisdiction and asset) |
| Trading Instruments | Forex, indices, shares, commodities, ETFs, cryptocurrencies (over 1,200 assets) |
| Trading Platforms | MT4, MT5, cTrader, and TradingView |
| Minimum Trade Size | 0.01 lots |
| Maximum Trade Size | 100 lots |
| Base Currencies Available | AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD |
| Trading Styles Allowed | Scalping, hedging, EA trading |
| Stop Out Level (Retail) | 50% |
| Stop Out Level (Professional) | 20% |
| Special Features | Active Trader Program for discounts on trading commissions |
| Order Execution Model | Market Maker / ECN / NDD |
| Algorithmic and Copy Trading | Yes, including VPS and API trading |
The Razor account's commission-based structure and lower spreads make it particularly suitable for Forex traders who execute a high volume of trades and seek tighter spreads. The combination of competitive spreads, robust trading platforms, and support for various trading styles ensures that the Pepperstone Razor account meets the needs of demanding traders looking for an edge in the markets.
Pepperstone Demo Account
The Pepperstone demo account is a vital tool for traders at all levels, providing a risk-free environment to practice and refine trading skills. It allows traders to explore Pepperstone's trading conditions, test strategies, and evaluate the broker's features without risking real capital.
Ideal for beginners, the demo account helps traders improve their skills using virtual funds. Experienced traders can test and refine strategies, evaluate signal providers, and optimize algorithmic trading. The demo account closely replicates live trading conditions with customizable balances, leverage, and platforms.
Traders have access to MetaTrader 4, MetaTrader 5, cTrader, and TradingView, and can practice with over 1,200 instruments including Forex, indices, commodities, shares, ETFs, and cryptocurrencies. The demo accounts are unlimited, with cTrader accounts requiring use every 30 days and MT4/MT5 accounts renewable with a funded live account.
The Pepperstone back office offers an easy interface for managing multiple demo accounts. This makes the demo account an excellent resource for gaining confidence and testing new approaches effectively.
Pepperstone Islamic Account
The Pepperstone Islamic account is designed for Muslim traders adhering to Sharia law, prohibiting interest payments, including overnight swap fees. This account allows traders to engage in the financial markets without violating their religious principles.
The Islamic account eliminates overnight swap fees and is commission-free, though average spreads range between 1.0 and 1.2 pips. A minimum deposit of $200 or equivalent is required. After ten days, an administrative fee of $50 replaces swap rates. Supported base currencies include AUD, EUR, GBP, and USD.
Eligible countries for opening a Pepperstone Islamic account include:
Albania, Bangladesh, Burkina Faso, Bahrain, Brunei, Brunei Darussalam, Algeria, Egypt, Indonesia, Jordan, Kyrgyzstan, Kuwait, Morocco, Mauritania, Maldives, Malaysia, Niger, Oman, Pakistan, Qatar, Sierra Leone, Turkey, Uzbekistan, and Kosovo.
The Pepperstone Islamic account ensures compliance with Sharia law, providing a fair and ethical trading solution for Muslim traders. Contact Pepperstone's customer support to verify current conditions and availability.
Pepperstone Spread Betting Account
Spread betting allows UK traders to speculate on the price movements of markets like forex, commodities, and indices without owning the assets. One of the key benefits is the potential for tax-free profits.
Pepperstone offers spread betting exclusively for UK residents on platforms such as MT4, MT5, cTrader, and TradingView. This setup ensures low latency and fast execution, essential for effective trading.
Automated trading is supported, enabling traders to build and use their own Expert Advisors (EAs). Pepperstone, a trusted broker processing over $12bn USD daily, provides consistently competitive spreads and award-winning customer support.
Traders can access various online resources, including trading guides and expert webinars, to enhance their skills. The no-dealing desk execution ensures fair and transparent trading conditions.
Pepperstone PAMM/MAMM Accounts
Pepperstone offers PAMM (Percent Allocation Management Module) and MAM (Multi-Account Manager) accounts, providing a robust solution for professional traders and money managers looking to manage multiple accounts efficiently.
PAMM accounts allow a master account manager to trade on behalf of multiple clients. Each client's account is allocated a percentage of the total investment, and profits or losses are distributed according to this allocation. This setup is ideal for money managers who wish to handle multiple accounts without the need to manage each one individually.
MAM accounts extend the capabilities of PAMM accounts by allowing for more flexible allocation methods. Managers can use various strategies and trade sizes, offering greater customization for each sub-account. This flexibility makes MAM accounts suitable for professional traders who need tailored solutions to meet the diverse needs of their clients.
Pepperstone's PAMM and MAM accounts provide a powerful solution for money managers looking to scale their operations and offer customized trading services to their clients. With advanced platform support and flexible allocation methods, these accounts enable professional traders to deliver exceptional performance and transparency.
Pepperstone Professional Account
The Pepperstone Professional account is tailored for experienced traders, offering higher leverage and exclusive features. Professional clients can participate in the Active Traders program but lose some retail client protections, such as negative balance protection.
Professional account holders can access leverage up to 1:500 for most FX products. They also benefit from Pepperstone's referral program, potentially earning up to USD $1,000. Additionally, qualifying for the Active Trader program provides discounted commissions with daily refunds. Advanced trading tools and VPS solutions enhance the trading experience, while a dedicated relationship manager offers personalized support. Professional clients are also invited to VIP Forex events, seminars, workshops, and private dining experiences.
To become a Pepperstone Pro, traders must self-certify in the Secure Client Area, meeting at least two of the following criteria: experience in trading leveraged products, cash deposits and trading portfolio exceeding USD $500,000, or professional experience in the financial services sector.
Pepperstone Premium Client Account
The Pepperstone Premium Client account is designed for high-volume traders, offering exclusive rewards and priority service. Both retail and professional clients can qualify by meeting specific trading volume thresholds.
Premium clients receive priority support for immediate assistance and advanced market insights from expert analysts. They also qualify for the Active Trader program, earning discounted commissions refunded daily. Pro clients enjoy invitations to premium Forex events, seminars, workshops, and sporting events. Additionally, Pro clients receive personalized service from a dedicated account manager.
To qualify as a premium client, traders must meet one or more of the following thresholds for two consecutive calendar quarters: $15m USD notional volume per month in FX, commodities, or CFDs.
Pepperstone Trust Account
Pepperstone Trust Accounts are designed for businesses and corporate entities, providing a secure and efficient way to manage trading activities for multiple beneficiaries. Ideal for companies, trusts, and institutional investors, these accounts ensure funds are managed collectively under a single structure.
Trust Accounts offer secure fund management with segregated accounts, comprehensive reporting for easy tracking and auditing, and a customizable structure to meet specific business needs. Businesses also receive professional support from Pepperstone's team of experts.
To open a Trust Account, identification documents for Directors and Shareholders, along with company documents, are required. For more information, please email backoffice@pepperstone.com.
Pepperstone Trust Accounts are a reliable choice for businesses and institutional investors seeking efficient and secure trading management.
FAQ
What is the difference between the Razor and Standard accounts?
The Razor account offers raw spreads starting from 0.0 pips with a trading fee, making it ideal for scalpers and high-frequency traders. The Standard account, on the other hand, has slightly higher spreads starting from 1.0 pips but does not charge a commission, which suits traders preferring simplicity in fee structure.
Can I use Pepperstone in the USA?
No, Pepperstone does not accept clients from the USA due to regulatory restrictions.
What is the minimum deposit required to open an account?
Pepperstone recommends a minimum deposit of $200 to start trading, although there is no strict minimum requirement.
How can I change the leverage on my Pepperstone account?
You can change the leverage on your Pepperstone account by logging into the Secure Client Area, navigating to the 'Account Settings' section, and adjusting the leverage settings as per your preference.
What trading platforms are supported by Pepperstone?
Pepperstone trading platforms include MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView.
Can I switch between account types at Pepperstone?
Yes, you can switch between account types at Pepperstone. To do so, contact Pepperstone's customer support or make the request through the Secure Client Area.
How do I fund my Pepperstone trading account?
You can fund your Pepperstone trading account using various methods, including bank transfers, credit/debit cards, and e-wallets such as PayPal, Skrill, and Neteller.
What are the available deposit currencies for a live trading account?
Pepperstone accepts several base currencies for deposits, including AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD.
Is Pepperstone a regulated broker?
Yes, Pepperstone is a regulated broker. It is authorized and regulated by several regulatory bodies, including the FCA in the UK, ASIC in Australia, CySEC in Cyprus, and the DFSA in Dubai.
Can I have multiple Pepperstone accounts?
Yes, you can have multiple trading accounts with Pepperstone, allowing you to diversify your trading strategies and manage risk more effectively.
What happens to inactive Pepperstone trading accounts?
Inactive Pepperstone trading accounts do not incur any inactivity fees. Pepperstone does not penalize traders for periods of inactivity, providing flexibility for traders who may need to take breaks from trading.
