Trading Accounts
Our three account types have been designed to help the active trader achieve more. Whatever your trading strategy or level of experience, you’ll find an account to align with your goals.
Why trade with us?
Range of accounts
Swing trader, scalper, or something else? Choose an account to suit your priorities, backed by local support.
Tight spreads
Trade gold from just 0.05 points, and FX starting at 0.0 points on our Razor account.1
Five elite platforms
Use our native Pepperstone platform and app, or connect to MT4, MT5, TradingView or cTrader.
Trusted globally
Join over 620,000 Pepperstone traders around the world, processing a monthly trading volume of US$350bn.2
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.
CFDs
A CFD account might be for you if you want:
What’s the difference between a Standard and a Razor account?
If you’re a high-frequency FX trader or scalper, our Razor account could give you more control over trading costs.
Standard account
All fees – apart from any overnight funding – are included in the spread, and there is no commission to pay. This provides a straightforward fee structure for newer traders or those seeking an easy-to-manage account
Razor account
Offers identical trading conditions to our Standard account, but with commission-based pricing on forex. Clients can enjoy raw spreads from 0.0* points,1 alongside fixed, transparent commissions from $3.50 per lot, per side. If you need help deciding whether a Razor account is right for you, get in touch with our support desk.
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
Protecting your trading capital
Markets move quickly, so it’s important that you can protect your capital from adverse market movements. All our accounts provide a number of risk-management tools to help you limit any potential losses.
Stop-losses
Before you open a position, you can determine where you’d like your position to be closed if the market moves against you. Specify by price or pips, and view your projected loss before you place the trade6
Trailing stops
These can follow positive market movements, at a set distance away from the current price. So,if the market moves in your favour and then reverses, you can lock in any gains.6
Take-profits
Choose where you’d like to close your position and realise any profit if the market moves in your favour. Protect against the risk of losing accrued gains, and free yourself from constantly monitoring the markets.6
Alerts
Looking out for specific price action? Set alerts on one or more conditions and receive notification in the platform the moment they are met. You can also opt to set an expiration, and add a description for each alert.
Support when you need it
Our friendly, local client support team is here to help you 24 hours a day on weekdays and 18 hours on weekends. They’re only an email, call, WhatsApp or live chat message away from assisting you on your trading journey. Got a question about opening an account, funding, withdrawals or more? Find all FAQs, along with our contact details, on our support page.
Ready to trade better?
Switch to Pepperstone now and join our global community of over 620,000 traders.2 Apply in minutes with our simple application process.
1
Register
Sign up with your email address and get a free demo.
2
Answer
We’ll check your suitability for our products.
3
Verify
Your safety is our top priority.
4
Fund
That’s it! You’re ready to trade.
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.