Pepperstone Spreads – How much is the spread on Pepperstone

Pepperstone Spreads – How much is the spread on Pepperstone?

Pepperstone broker is a large Australian forex platform that is available to traders all across the world.

 They are also a regulated broker, and they offer a good range of forex & CFD assets for traders.

 However, when you start trading with them, or with any other leading forex broker, the good thing to know is the fees and commissions.

We’ve taken a closer look at the Pepperstone spreads so you can find out all you need to know about them.

 Let’s get started:

Overall Rating           4.6/5

Deposit & Withdrawal 4/5

Account Security      4.5/5

Trading Platform       4.8/5

Fees & Commisions  4.6/5

Customer Service      4.1/5

Account Opening        4/5


 Pepperstone Spreads Types

 With forex brokers, there are normally 2 types of spreads available – fixed or variable.

Variable spreads are very common with many brokers, especially if they offer commission free positions.

In this platform they are different for each asset. So whilst the standard concept of the spread remains the same, you need to remember that they will change based on the asset you’re trading in.

 And if you’re asking yourself what the ‘spread‘ is, it’s the total price difference between the asset price shown on the broker’s platform and the asset price in reality.

 To start trading with the broker, there’s a selection of professional & respected platforms for you to choose from. This includes the cTrader, MT4 & MT5, Tradingview platforms.

 Besides these trading platforms, the Australian broker also offers 2 types of trading accounts- Standard & Razor.


Pepperstone Spread on different Accounts

 The broker offers 2 account types- Razor and Standard.

 The Standard account is more suitable if you’re new to trading, and it’s commission free.

 Whereas the Razor account is more suitable if you’re an experienced trader who is interested in scalping.

 The main difference between the 2 is that commission is charged for the Razor account. However, the spread offered on the Razor account is very low– starting at 0.0 pips to 0.3 pips for a EUR/USD pair.

 Let’s look in more detail at the Pepperstone accounts now:

Razor Account:

  • Commission is charged, from $3.50 each way on major currencies
  • Minimum spread for EUR/USD: 0.0 pips
  • Average spread for EUR/USD: 0.13

 Pepperstone Standard Account:

  • No commission charged
  • Minimum spread for EUR/USD: 0.6 pips
  • Average spread for EUR/USD: 1.2 pips


Pepperstone Spread on Instruments

 Like all brokers, the fees will vary, based on the financial instrument/asset that you’re trading.

 Pepperstone keeps a full list of their minimum and average spreads, sorted by asset type, on their homepage.

 This is worth checking in order to get a complete overview of what’s offered.

 However, we’ve noticed that Pepperstone has very competitive conditions, which has helped to make the broker so popular & well known in the forex industry.

 They also don’t apply any requotes or additional mark-ups. This helps to keep trading transparent and less complicated for their clients.

 We’ve taken a look at the conditions offered by asset type so that you can know what to expect when trading with Pepperstone:


 Pepperstone spreads on Forex Trading

pepperstone spreads

 For forex, you’ll be able to find very competitive spreads which challenge a lot of rival brokers. The Razor account has spreads starting from 0.0 pips, whilst the Standard account has a good range of tight spreads starting from 1.0 pips.

 We’ve taken a look at the forex major pairs for each account so you can have a rough idea of what to expect.

 You can also see the minimum and average spread for each pairing:

 Razor Account:

  • EUR/USD: minimum 0.0   average 0.13
  • GBP/USD:  minimum 0.0   average 0.51
  • AUD/USD: minimum 0.0   average 0.18
  • USD/ CHF: minimum 0.0   average 0.31
  • NZD/USD: minimum 0.1   average 0.37
  • USD/JPY:   minimum 0.0   average 0.13
  • USD/CAD: minimum 0.0   average 0.24

 Standard Account:

  • EUR/USD: minimum 0.6 average 1.13
  • GBP/USD: minimum 0.6 average 1.51
  • AUD/USD: minimum 0.6 average 1.18
  • USD/ CHF: minimum 0.6 average 1.31
  • NZD/USD: minimum 0.6 average 1.37
  • USD/JPY: minimum 0.6  average 1.13
  • USD/CAD: minimum 0.6 average 1.24


Pepperstone spreads on Commodities

 Pepperstone has a range of commodities available to trade as CFD’s.

 This includes soft commodities like cocoa and coffee.

 The spreads here are pretty consistent with the market changes, and there is NO commission charged for trading commodities:

  • Coffee: minimum 0.3 average 0.4
  • Cocoa: minimum 5.0   average 5.26
  • Sugar: minimum 4.20  average 4.20


Pepperstone Spreads on Shares

 Trading share CFDs at Pepperstone means that you can access up to 60+ prime share assets. This includes leading companies like Apple, Boeing and Tesla.

 Because you can trade on the actual market price, spreads are not applicable for the share assets.  Instead the broker charges a small commission of $0.02 USD for each share per side when opening and closing a position.


Pepperstone Fees for Cryptocurrencies

 If you’re interested in trading cryptocurrency as CFDs, then Pepperstone provides this through their MetaTrader, Tradingview and cTrader platforms.

pepperstone crypto spreads

 The broker does not charge any commission on crypto assets, so a spread is applied instead.

 However, it’s important to remember that because the cryptocurrency market is volatile, it’s likely that the spread will change.

 Here are the main cryptocurrencies offered:

  • Ethereum
  • Bitcoin
  • BitcoinCash
  • Dash
  • Litecoin


 Pepperstone Fees for Indexes

pepperstone indexes spreads

 Pepperstone index CFDs allow you to access 25 major index markets, and the chance to trade on their movement.

Additionally, trading index CFD’s is commission-free, and without re-quotes or hidden markups.

 The spread for all the indices is shown by in-market/ out-market, instead of the traditional minimum and average figures.

 Traders can access Pepperstone index trading via the broker’s MT5, MT4 and cTrader platforms.


 Pepperstone Spreads on Metals & Energy

pepperstone commodities spreads

 Lastly, the broker also offers clients the chance to trade the energy and metal markets through their MetaTrader and cTrader platforms. 

  There are 5 energy markets 5 metal markets to choose from. There is no commission charged and spreads start from 0.50.



 After looking at the fees, as well the trading account conditions, it’s clear that Pepperstone can offer good value spreads.

 Whether you choose the Razor or Standard account is up to what fits your trading needs the best. But both of the trading accounts offer competitive conditions across a wide range of assets.

 Pepperstone is an ideal overall choice if you’re looking for professional trading platforms.

 If this is what you’re in need of, they could be the broker for you.

Here you can read the full review of Pepperstone:

Marco Sbalchiero

Author of this article and founder of

My aim is to help you increase your trading knowledge with helpful content. I come from an economic background and have a strong passion for forex trading. With more than 6 years in the online trading world, I want to share my financial knowledge so that anyone can develop their investment skills.

In my spare time I enjoy cooking and travelling.

Here you can learn more about our review methodology.