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Pepperstone fees and how they score

Cost is scored on what a trade actually costs all in, not on the headline spread. These are the figures behind Pepperstone's cost score.

Facts last checked . Read the full Pepperstone review.

What it costs to trade

Spread from
0.0 pips
EUR/USD spread
0.1 pips Razor / 1.1 pips Standard
GBP/USD spread
0.2 pips Razor / 1.2 pips Standard
Commission
$3.50 per side / $7 round turn on MT4/MT5 Razor
All-in cost, EUR/USD
Approx. 0.8 pips Razor
Spread type
Variable
Overnight swap
Both: overnight funding may be charged or credited
Withdrawal fee
None internally
Currency conversion
Applicable where conversion is required

What this means

Cost is scored on what a trade actually costs all in, not on the headline spread.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Pepperstone lists a minimum deposit of $10. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Questions about Pepperstone fees

What is the EUR/USD spread at Pepperstone?

Pepperstone records an average EUR/USD spread of 0.1 pips Razor / 1.1 pips Standard on a variable pricing model.

Does Pepperstone charge commission?

Pepperstone's commission is $3.50 per side / $7 round turn on MT4/MT5 Razor. A commission account usually pairs with a tighter spread, so the two have to be read together.

What does Pepperstone charge to hold a position overnight?

Overnight financing at Pepperstone is recorded as both: overnight funding may be charged or credited.

Fees at brokers under the same regulator

More about Pepperstone