Benefits of Pepperstone Pro
What Protections Do Pro Traders Lose?
As a Pepperstone Pro trader, the following protections won't apply to you:
- Lower leverage
- Compulsory margin close-out at 50%
- Retail negative balance protection
- Retail disclosure information
Additional points to note: We will still make our Internal Dispute Resolution service available to you, at no cost. You can still access the external dispute resolution provider Australian Financial Complaints Authority (AFCA), however you may be treated differently given your status as an experienced wholesale investor and your matter may be excluded at AFCA’s discretion. There’s no requirement to issue you a Product Disclosure Statement (PDS), Financial Services Guide (FSG), and disclosures, however these are available on our website for you to review. We may assume a level of knowledge and experience when assessing whether our products are appropriate for you.
The risks and other important information are detailed in the Wholesale Client Information Statement.
Eligibility criteria
To open a Pepperstone Pro account, you'll need to meet one of the following criteria.
Sophisticated Investor 1
- Show you have traded leveraged margin forex or CFDs at least 20 times per quarter, over a minimum of 4 quarters in the preceding 2 years, each with a notional value of AUD $50,000 or more^.
- And demonstrate your knowledge as a sophisticated investor by completing our short, online Knowledge Quiz.
Sophisticated Investor 2
- Show you have worked in a professional position that directly involved trading in margin forex or CFDs in the financial sector for at least one year.
- And demonstrate your knowledge as a sophisticated investor by completing our short, online Knowledge Quiz.
Wealth Application
- Demonstrate through a qualified accountant that you have minimum net assets of AUD$2.5 million.
- Or a minimum gross income of AUD$250,000 for each of the last two years.
To check your eligibility:
1. Log into your secure client area.
2. Click on Pepperstone Pro in the top left of the screen.
3. Select whether you're a Sophisticated Investor or a Wealth Applicant, and follow the instructions.
Leverage per instrument
| Instruments Category | Retail | Professional |
|---|---|---|
| Margin Forex Major | 1:30 | Up to 1:1000 |
| Margin Forex Minor | 1:20 | Up to 1:1000 |
| Margin Forex NDF | 1:10 | Up to 1:10 |
| Major Indices CFDs | 1:20 | Up to 1:400 |
| Minor Indices CFDs | 1:10 | Up to 1:100 |
| Currency Indices CFDs | 1:5 | Up to 1:200 |
| Gold | 1:20 | Up to 1:500 |
| XAUUSD | 1:200 | 1:1000 |
| Metals | 1:10 | Up to 1:500 |
| Energies | 1:10 | Up to 1:143 |
| Soft Commodities | 1:10 | Up to 1:50 |
| BTCUSD | 1:2 | Up to 1:400 |
| ETHUSD | 1:2 | Up to 1:400 |
| Other Cryptocurrencies | 1:2 | Up to 1:10 |
| Share CFDs & ETF CFDs | 1:5 | Up to 1:20 |
| Bonds | Up to 1:5 | Up to 1:33 |
Active Trader Program
Better discounts for high-volume traders.
Margin Forex | Index CFDs & Commodity CFDs * | Trading Volume Requirement (Lots) | |||
Tiers | Discount Per margin forex lot** | Spread reduction** | Margin Forex Lots | Commodity CFDs Lots | Index CFDs Lots |
Tier 1 | $1 | 10% | < 200 | < 400 | < 2,000 |
Tier 2 | $2 | 20% | 200 < 1,500 | 400 < 3,000 | 2,000 < 15,000 |
Tier 3 | $3 | 30% | > 1,501 | > 3,001 | > 15,001 |
In a trading month, if you meet the trading volume of one symbol or asset class, you will receive trading cost discounts of the tier.
*Index CFDs and Commodity CFDs - discounts are applied to a select list of Indices CFDs & commodity CFDs based on minimum spreads. List of eligible Commodity CFDs and Indices instruments here.
**We calculate the Volume-based Discount as a percentage of our commission or spread, based on the volume of trades that you make. To remain a member of the Active Trader program, you need to meet the volume requirements over a 3-month period. You can find the full Terms and Conditions of our Active Trader program here.
Trading Volume rebate example:
If your total margin forex volume traded in a month is 500 lots, this falls under Tier 2. Tier 2 receives $2 per lot of FX, 20% spread reduction for Indices CFDs & Commodity CFDs* even if your trading volume does not meet the minimum requirement of the other two asset classes
^i. Multiple smaller trades in the same direction that total AUD $50,000 may count as one qualifying trade.
ii. We accept trading history from Pepperstone accounts or from other brokers.
iii. If you have multiple Pepperstone accounts, we can consider trading activity across those accounts.