The spread in trading is the difference between the BID (buy price) and ASK (sell price) of a financial instrument.
This page supplements our main Pepperstone review, providing extensive detail on Australian FX broker Pepperstone spreads.
The spreads detailed below are accurate as at 20th April 2018. Liquidity is generated from up to 22 leading banks and ECNs (Electronic Crossing Networks) making them one of the best low spread forex brokers operating in Australia. Pepperstone state on their web site that during times of high liquidity their EURUSD Razor spreads can go as low as 0 pips, however their typical spreads are listed in the tables below.
Pepperstone Standard vs Razor Account Forex Spreads
The spreads comparison tables listed below compare Pepperstone Forex spreads for their two main currency trading accounts: the Razor Account and the Standard Account, both of which have a minimum deposit of $200.
MetaTrader 4 Razor Account Commission Fees
The Pepperstone Razor account provides forex traders with extremely tight, raw ECN spreads plus commission. Below is the applicable commission charges for MT4 razor FX accounts depending on the base currency of the trading account. The fees table below compares these costs for a micro lot (1,000 units of the base currency) and a standard lot (100,000 units of the base currency).
cTrader Razor Commissions
Please note that Pepperstone offer two leading FX trading platforms, MetaTrader and cTrader. The cTrader Razor account ECN commissions are different however to the MT4 Razor account ECN commissions.
For traders using the cTrader Razor trading account, commissions are calculated based on the foreign exchange pair you’re trading, rather than the deposit/base currency of the Pepperstone trading account. Commission rates apply only to cTrader Razor accounts and calculated as seven units of the base (first) currency in the FX pair you’re trading.
DMA Indices Typical Spreads *
Disclaimer: Pepperstone spreads are subject to change at any time. Whilst every effort is made to keep the above Pepperstone Forex Broker information up to date, we cannot guarantee the accuracy. You should confirm the current spreads, commission and charges on the Pepperstone web site prior to making any decisions.
Pepperstone is an Australian, no dealing desk FX broker providing online forex traders with some of the tightest ECN spreads we have reviewed. Pepperstone Group Limited, formerly named Pepperstone Financial Pty Ltd, is the largest by volume in Australia and also offer their clients direct market access on all commodities, futures and index CFDs, in addition to their ECN currency pairs. Please view our Pepperstone review for further detailed ratings and complete analysis of this ECN broker.
Reviewed by Stuart Young