What account types are available with Pepperstone?
We offer two CFD accounts – Standard and Razor. All of them can be accessed via our in-house platform and app, or via our seamless integrations with leading third-party technology.
At a glance: Compare our account types
Account type | CFD trading (Standard) | CFD trading (Razor) |
|---|---|---|
What is it? | Trading the price difference between the opening and closing of a contract. | Trading the price difference between the opening and closing of a contract. |
Is this account leveraged? | Yes, a Standard CFD trading account is leveraged. | Yes, a Razor CFD trading account is leveraged. |
Do I pay tax on any profit I make? | You won’t pay stamp duty, but you’ll need to pay capital gains tax (CGT). However, losses can be offset as a tax deduction for CGT.3 | You won’t pay stamp duty, but you’ll need to pay capital gains tax (CGT). However, losses can be offset as a tax deduction for CGT.3 |
Which markets can I trade? | 1350+ markets including shares, indices, forex, commodities and more. | 1350+ markets including shares, indices, forex, commodities and more. |
Suitable for hedging? | Yes | Yes |
Which platforms are available? | Pepperstone’s webtrader platform and mobile app, MT4, MT5, and cTrader. | Pepperstone’s webtrader platform and mobile app, MT4, MT5, cTrader and TradingView. |
What are the risks? | CFD trading is leveraged, so you put up a percentage of the trade size to open a position. Your profit or loss will be based on the full position size, so your profits or losses will be amplified. Managing your risk is key. | CFD trading is leveraged, so you put up a percentage of the trade size to open a position. Your profit or loss will be based on the full position size, so your profits or losses will be amplified. Managing your risk is key. |
What is the minimum funding amount? | $13.172 | $ 13.17 |
What are the costs?
CFD trading (Standard) | CFD trading (Razor) | |
|---|---|---|
Spreads and commission5 | Variable spreads on FX, indices and commodities, starting from just 0.4 points on the US500. No commission except on shares, starting at just 0.1% per side on UK share CFDs. | FX commission is from $2.96 per standard lot, per side. Spreads are raw (from 0.0* points). All other markets are charged in the same way as a Standard account. |
Overnight funding (swap rate) | Market rate (latest rates displayed on the platform) | Market rate (latest rates displayed on the platform) |
Admin charges/market data fees/anything else | None | None |
5 If you trade 0.01 lots on our Razor account, please note that commission will round up to $0.030 per 0.01 lot. MetaTrader 4 commission is calculated for both sides of the transaction upfront and then charged upon opening the trade.
You can find a full breakdown of our costs and charges here.
How many instruments can I trade on each account?
You can trade a wide range of instruments on any of our accounts:
CFD (Standard) | CFD (Razor) | |
|---|---|---|
Total number of instruments | 1444 | 1444 |
Forex | 93 | 93 |
Indices | 26 | 26 |
Commodities | 40 | 40 |
Shares | 1162 | 1162 |
ETFs | 95 | 95 |
Number of markets can vary. Data was sourced on 12 March 2025
Pepperstone trading account FAQs
1 Data correct as at February 2025.
2 Tax laws depend on individual circumstances and are subject to change.
3 If the market moves quickly or gaps, a trade order may be filled at a price that is different to the requested price. This is known as slippage.