Exness Review
Pepperstone Fees and Spreads
Pepperstone spreads start from the average spread of 0.0 pips EUR/USD, and the commission depends on the trading account the trader is using. Pepperstone is very competitive in terms of its trading fees and spreads. Pepperstone is regulated by one Tier-1 (High Trust), one Tier-2 (Medium Trust), and one Tier-3 (Low Trust) regulator. Pepperstone has a trust score of 92% out of 100.
- Lesche Duvenage
Jump to:
Fees and Spreads Overview
Additional Trading Fees
Broker Fees
Pros and Cons
Final Verdict
FAQ
Overall Rating
- 4.9/5
Min Deposit
0 USD / 0 BWP
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Desk
MetaTrader 4, MetaTrader 5, cTrader and TradeView
Crypto
Yes (Not available in Africa)
Total Pairs
60+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Pepperstone Fees and Spreads – 6 key points quick overview:
Fees and Spreads
👉 The spread list for Pepperstone starts from 0.0 pips.
👉 Pepperstone offers several spreads depending on the kind of account a trader chooses. For example, the Pepperstone Standard Account employs a variable spread with a markup. Therefore, there are no commission costs connected with it.
👉 For traders that demand small spreads for their trading strategies, such as scalpers, the Razor Account, on the other hand, provides spreads on EUR/USD that begin at 0.0 pips.
👉 In certain instances, Islamic accounts exempt dealers from overnight fees. Therefore, since Pepperstone can charge broker fees for facilitating the transaction, the spreads on this account are higher.
👉 The following spreads are what Botswanans could expect:
➡️ Standard Account – from 0.6 pips EUR/USD
➡️ Razor Account – between 0.0 pips and 0.3 pips EUR/USD
➡️ Islamic Account Option – from between 1 pip and 1.2 pips EUR/USD
Additional Trading Fees
Commissions
👉 No commissions are associated with either the Pepperstone Standard Account or the Islamic Account Option. However, a markup is added to the spread to cover these accounts’ broker fees.
👉 In contrast, the Razor Account offers spreads of 0 pip. Then, for each 100,000 of the base currency exchanged, dealers using this account are paid a commission fee beginning at AU$7 per round turn.
Overnight Fees, Rollovers, or Swaps
👉 Weekly swap fees are published by Pepperstone’s financial institutions based on risk management and market circumstances. This global investment bank gives Pepperstone the most current rates. These are often modified to reflect the changing nature of the Tom Next market.
👉 Overnight fees are assessed for holding positions in equities, commodities, cryptocurrencies, metals, or index markets and a swap for FX positions held beyond rollover.
👉 A triple swap conducted every Friday to CFD Equities and Indices will consider trades made over the weekend. In addition, Muslims who use Pepperstone’s Islamic Account must be informed that administrative fees are applied every 10 days a job is available.
👉 Muslim traders have the chance to convert their live trading account into a Swap-Free Islamic option using the Pepperstone platform. This frees them from paying overnight costs and provides halal trading circumstances for those who adhere to sharia law.
👉 Pepperstone does not provide spread betting services to Botswanan traders. Therefore, Botswanans need not worry about spread betting fees.
Broker Fees
Deposit and Withdrawal Fees
👉 Many standard deposits and withdrawals at Pepperstone are free, regardless of the trader’s location. However, traders who use International Telegraphic Transfer (TT) must pay a $20 fee.
Inactivity Fees
👉 Inactivity fees are not applied to dormant accounts.
Currency Conversion Fees
👉 Botswanan traders who add or withdraw funds from their accounts using a currency other than the base currency could be subject to transaction fees from Pepperstone.
Other Fees
👉 Traders must provide residence documentation with their application for the Islamic Account. By doing so, local merchants will be informed whether they qualify for a swap-free account. In addition, users of the Islamic Account should be informed that this account type has administrative expenses.
👉 Traders can anticipate the following admin costs:
➡️ Cryptocurrencies (Professional Account Only), commodities, equities – 1.5 USD
➡️ Index Markets – 10 USD
➡️ SpotCrude and SpotBrent – 20 USD
➡️ Forex, precious metals on the retail account – 50 USD
➡️ Only on the professional account – Crypto10, Crypto20, and Crypto30 – 50 USD
➡️ BTC/USD (Professional Account Only) – 125 USD
➡️ GER40, FRA40, JPN225, CN50, ETH/USD (Professional Account Only) – 12 USD
➡️ US30 – 30 USD
Pepperstone Kenya Pros and Cons
| ✔️ Pros | ❌ Cons |
| Pepperstone offers competitive spreads that start from 0.0 pips on EUR/USD | There are restrictions on the countries that may use Pepperstone’s Islamic account |
| Pepperstone is well-regulated and offers an extremely secure trading environment with transparent trading fees | There is no BWP-denominated account offered, subjecting Botswanans to currency conversion fees |
| Investor protection is offered to EU clients through the FSCS | There are additional administrative fees applied to the Islamic account |
| Pepperstone offers a choice between some of the best trading platforms | |
| Negative balance protection is offered for clients in certain regions | |
| There is an Islamic account offered to Muslim traders | |
| There is a demo account offered by Pepperstone | |
| There are several trading tools offered |
Verdict on Pepperstone
👉 Overall, Pepperstone is very competitive in terms of its trading fees and spreads.
FAQ
Does Pepperstone offer halal trading conditions?
Pepperstone offers halal trading conditions on the Islamic Account.
What are the typical spreads that I can expect from my Pepperstone Account?
You can expect spreads from 0.0 pips on the Razor Account when you trade major instruments such as EUR/USD.
Does Pepperstone support hedging strategies?
Pepperstone supports various strategies, including hedging, scalping, EAs, and several others.
Will Pepperstone subject me to inactivity fees if my account goes dormant?
Pepperstone does not apply any inactivity fees on dormant accounts.
Does Pepperstone charge commissions?
Pepperstone charges commissions of 3.5 AUD per side or 7 AUD per standard lot on the Razor account.
