Pepperstone Fees & Spreads (2026)
Rated 4.6/5 overall
- Spreads from
- 0.0 pips
- Spread type
- Variable
- Commission
- $7 ($3.50 per side) per standard lot
- Maximum leverage
- 1:1000
Fees score 4.8/5 - #1 of 49
Pepperstone ranks #1 for fees among the 49 brokers we track, scoring better than 100% of them.
No deposit required
Minimum deposit is $0, so you can verify these costs on a small account first.
Our analysis of Pepperstone's fees
Pepperstone offers two pricing models: Standard (spread-only) and Razor (raw spread plus commission), both available on MT4, MT5, cTrader, and TradingView.
| Account | EUR/USD Spread | Commission | Best For |
|---|---|---|---|
| Standard | From 1.0 pips (avg) | None | Beginners, infrequent traders |
| Razor | From 0.0 pips (avg 0.17) | $7 per round turn (MT4/MT5), $6 per round turn (cTrader/TV) | Active and high-volume traders |
Round Turn = Both sides of the trade combined.
Pepperstone Razor Account Forex Cost Comparison - EUR/USD, 1 Standard Lot Round Turn:
| Broker | Avg Spread | Commission | Est. Cost |
|---|---|---|---|
| Pepperstone Razor (cTrader) | 0.17 pips | $6.00 | $7.70 |
| Pepperstone Razor (MT4/MT5) | 0.17 pips | $7.00 | $8.70 |
| Interactive Brokers | 0.1 pips | $2.00/lot | $5.00 |
| Saxo Classic | 0.6 pips | None | $6.00 |
| IG | 0.6 pips | None | $6.00 |
Non-Trading Fees
| Fee | Amount | Notes |
|---|---|---|
| Deposit Fee | None | All methods free |
| Withdrawal Fee | None | All methods free |
| Inactivity Fee | None | No charge for dormant accounts |
| Account Maintenance | None | No monthly fee |
| Overnight/Swap Fees | Yes | Varies by pair and direction |
Bottom Line
Pepperstone's Razor account is one of the most cost-efficient forex trading environments for retail traders. The complete absence of inactivity, deposit, and account maintenance fees is a genuine advantage over many competitors.
More on Pepperstone
74% of retail FX and CFD accounts lose money.