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Ways to trade

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.

Switch to Pepperstone

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.}

Five smart 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$250bn.¹}

What account types are available with Pepperstone?

We offer two CFD account types, both of which can be accessed via our in-house platform and app – or via our seamless integrations with leading third-party technology. The key difference between them is in the way you’re charged for trading CFDs on FX markets.

Standard account

All fees – apart from any overnight funding – are included in the raw spread which has a 1 pip mark up, and there is no commission to pay on most markets. This provides a straightforward fee structure for newer traders or those seeking an easy-to-manage account.

Razor account

This account is designed to give more control over trading costs for high-frequency FX traders and scalpers. It offers identical trading conditions to our Standard account, but with commission-based pricing on forex. Enjoy raw spreads from 0.0 pips/points, alongside fixed, transparent commissions.

You can find out more about our pricing here.

If you need help deciding which account type is right for you, take a look at our FAQs below or get in touch.

Why CFDs?

A CFD account might be for you if you want:

A trading product that closely mimics the underlying market

Gain similar exposure to buying shares outright, while only having to put down a fraction of the full value of your position. This can amplify both your profits and your losses, so it’s important to manage and understand your risk.

To trade in the currency of the CFD

Capitalise on market movements between the currency of the trade and of your base account.

To hedge an existing portfolio

CFDs can be used to protect against adverse market moves without tying up large amounts of capital.²

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.
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?	There’s no obligation to fund your account, but when doing so the minimum you can add is $10 or your local equivalent.	There’s no obligation to fund your account, but when doing so the minimum you can add is $10 or your local equivalent.

What are the costs?

	Standard CFD account	Razor CFD account
Spreads and commission*	1 pip mark up on the raw spread. No commission except on shares and ETFs, starting at 0.02 USD per share for US share and ETF CFDs.	FX commission is from 3.50 USD per 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

*If you trade 0.01 lots on our Razor account, please note that commission will round up to US$0.04 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	1475	1475
Forex	93	93
Indices	26	26
Commodities	40	40
Shares	1162	1162
Cryptocurrencies	31	31
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 trade.³}

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.³

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 Monday to Friday, and 18 hours at 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.

View support page