What account types are available with Pepperstone?
We offer two CFD account types, both of which can be accessed via our in-house platform and app – or via our seamless integrations with leading third-party technology.
You can find out more about our pricing here.
If you need help deciding which account type is right for you, take a look at our FAQs below or get in touch.
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. |
Which markets can I trade? | 1200+ markets including shares, indices, forex, commodities and more | 1200+ 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? | There’s no obligation to fund your account, but when doing so the minimum you can add is $10 or your local equivalent. | There’s no obligation to fund your account, but when doing so the minimum you can add is $10 or your local equivalent. |
What are the costs?
Standard CFD account | Razor CFD account | |
|---|---|---|
Spreads and commission* | 1 pip mark up on the raw spread. No commission except on shares and ETFs, starting at 0.02 USD per share for US share and ETF CFDs. | FX commission is from 3.50 USD per 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 |
*If you trade 0.01 lots on our Razor account, please note that commission will round up to US$0.04 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 | 1475 | 1475 |
Forex | 93 | 93 |
Indices | 26 | 26 |
Commodities | 40 | 40 |
Shares | 1162 | 1162 |
Cryptocurrencies | 31 | 31 |
ETFs | 95 | 95 |
Number of markets can vary. Data was sourced on 12 March 2025
Pepperstone trading account FAQs
¹Data correct as at February 2025.
²Tax laws depend on individual circumstances and are subject to change.
³If 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.