Trading accounts
Our 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.
What account types are available?
We offer two CFD accounts – Standard and Razor. You can access them via our in-house platform and app, or via our seamless integrations with leading third-party technology.
Standard account
All fees – apart from any overnight funding – are already included in the spread, and there is no commission to pay except for share CFDs.
Razor account
Offers the same trading conditions as our Standard account, with commission-based pricing on margin FX.
Is a CFD account right for you?
A CFD account might be suitable for you if you want a product that closely mimics traditional trading without buying the underlying market outright.
Access full market exposure with less capital
Gain similar exposure as direct share ownership, using only a fraction of the capital. This can amplify profits and losses, so manage your risk carefully.
Trade in the currency of the CFD
Capitalise on market movements between the currency of the trade and of your base account.
Access full market exposure with less capital
Gain similar exposure as direct share ownership, using only a fraction of the capital. This can amplify profits and losses, so manage your risk carefully.
Trade in the currency of the CFD
Capitalise on market movements between the currency of the trade and of your base account.
Trade in the currency of the CFD
Capitalise on market movements between the currency of the trade and of your base account.
Access full market exposure with less capital
Gain similar exposure as direct share ownership, using only a fraction of the capital. This can amplify profits and losses, so manage your risk carefully.
Trade multiple assets from a single account
Access the price movements of shares, margin FX, commodities and cryptos, along with markets that can’t be bought outright – such as whole indices.
Gain exposure to rising and falling markets
Take positions on both upward and downward price movements, depending on your trading strategy.
Trade multiple assets from a single account
Access the price movements of shares, margin FX, commodities and cryptos, along with markets that can’t be bought outright – such as whole indices.
Gain exposure to rising and falling markets
Take positions on both upward and downward price movements, depending on your trading strategy.
Gain exposure to rising and falling markets
Take positions on both upward and downward price movements, depending on your trading strategy.
Trade multiple assets from a single account
Access the price movements of shares, margin FX, commodities and cryptos, along with markets that can’t be bought outright – such as whole indices.
What are the differences between Standard and Razor CFD accounts?
The differences between the two accounts are their costs and the platforms on which they are available.
CFD trading (Standard) | CFD trading (Razor) | |
Platform availability | Pepperstone's web platform and mobile app, MT5, MT4 and cTrader. | Pepperstone's web platform and mobile app, MT5, MT4, TradingView and cTrader. |
Spreads and commission* | Variable spreads on margin FX, indices CFDs and commodity CFDs, starting from just 0.4 points on the US500. No commission except on share CFDs, starting at just 0.07% per side on Australian share CFDs. | Spreads are raw (from 0.0 points). Margin FX commission is from $2.96 per standard lot, per side.* All other markets are charged in the same way as a Standard account |
* 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.
What are the similarities between Standard and Razor CFD accounts?
Apart from costs and platform availability, the two accounts share the following characteristics.
Number of instruments available on our CFD accounts
Margin Fx | 93 |
Index CFDs | 26 |
Share CFDs | 1162 |
Commodity CFDs | 40 |
ETF CFDs | 95 |
Crypto CFDs | 31 |
Number of markets can vary. Data was sourced on 12 March 2025.
How do CFD Standard and CFD Razor accounts work? | Both accounts allow you to trade the price difference between the opening and closing of a contract, without owning the underlying asset. |
Both accounts allow you to trade the price difference between the opening and closing of a contract, without owning the underlying asset. | Are the accounts leveraged? |
Are the accounts leveraged? | Yes, both trading accounts are leveraged. |
Yes, both trading accounts are leveraged. | Which markets can I trade? |
Which markets can I trade? | 1350+ markets including margin FX, share CFDs, index CFDs, commodity CFDs and more. |
1350+ markets including margin FX, share CFDs, index CFDs, commodity CFDs and more. | Suitable for hedging? |
Suitable for hedging? | Yes |
Yes | What are the risks? |
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? |
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. | Overnight funding (swap rate) |
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 |
Admin charges/market data fees/anything else | None |
Protecting your trading capital²
All our accounts provide several risk-management tools to help you limit any potential losses during adverse market movements.
Stop-losses
Set where your position will close if the market moves against you. Specify by price or pips and view your estimated loss.*
Trailing stops
Follow favourable market moves at a set distance and protect potential gains if the market reverses.*
Take-profits
Set a target price to close your position automatically if the market moves in your favour.*
Alerts
Set alerts for specific conditions with descriptions and expirations and get notified in-platform.
Stop-losses
Set where your position will close if the market moves against you. Specify by price or pips and view your estimated loss.*
Trailing stops
Follow favourable market moves at a set distance and protect potential gains if the market reverses.*
Take-profits
Set a target price to close your position automatically if the market moves in your favour.*
Alerts
Set alerts for specific conditions with descriptions and expirations and get notified in-platform.
*Please note that these mechanisms cannot be guaranteed due to market volatility and unforeseen events.
Why trade with Pepperstone?
Switch to a broker who truly understands what traders need, combining flexible accounts, competitive pricing, powerful platforms, and a trusted trading environment.
Range of accounts
Swing trader, scalper, or something else? Choose an account to suit your priorities.
Tight spreads
Trade CFDs on gold from just 0.1 pts, and margin FX from 0.0 pts 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 909,000 traders around the world, processing a monthly trading volume of US$1tn.³
Range of accounts
Swing trader, scalper, or something else? Choose an account to suit your priorities.
Tight spreads
Trade CFDs on gold from just 0.1 pts, and margin FX from 0.0 pts 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 909,000 traders around the world, processing a monthly trading volume of US$1tn.³
Support when you need it
Our friendly support team is available 24 hours on weekdays and 18 hours on weekends. Contact us via email, call, WhatsApp, or live chat for help with accounts, funding, withdrawals, and more.
FAQs
We offer two account options. The Standard account that provides a straightforward fee structure with all fees (apart from any overnight funding) being already included in the spread and no commission, and the Razor account that features raw spreads with competitive commissions. You can open multiple accounts simultaneously under a single client profile.
For beginners, the Standard account is often the best choice. It features spread-based pricing with no commission, making it simple to understand and manage. The account provides full access to our trading platforms and instruments, giving new traders a straightforward way to start trading CFDs, margin FX, and more.
- Standard account: Spread-based trading with no commission, ideal for traders who prefer simplicity.
- Razor account: Offers raw spreads with low, transparent commissions, making it suitable for high-frequency traders, scalpers, and those who want greater control over trading costs.
Both accounts give access to the same instruments and platforms; the main difference is how spreads and commissions are structured.
Yes, you can switch between account types. You can open both a Standard and a Razor account to suit different trading strategies. It is easy to switch between accounts through your secure client area.
We keep things transparent, so you’ll know which fees you’re liable for upfront. We don’t charge an inactivity fee, and if this ever changes, we will provide advanced notice in line with our terms and conditions. There are no market-data fees.
Our Standard account displays all-in spreads and clearly shows overnight funding and swap charges in the instrument specifications.
You can connect your account to several in-house and third-party platforms. These include:
The Pepperstone platform and mobile app: Get to the markets fast and enjoy a secure and streamlined trading experience on our in-house web-based platform and mobile app.
- TradingView: Access advanced charting tools and built-in indicators. Join a social network of 100 million traders across the world. Not available on a Standard CFD account.
- MT4: Trade CFDs on the world’s most popular FX platform, with robust charting tools and customisable interface.
- MT5: Find more features, more flexibility, and more opportunities to optimise your algorithms in the latest version of MetaTrader.
- cTrader: Enjoy a streamlined interface for developing trading robots and custom indicators that can help automate your strategies .
Find out more on our platforms page.
We offer over 1350+ global markets, including margin FX, indices, shares, commodities, cryptos and ETFs. All markets are available across all of our trading accounts.
When you’re searching for a market on one of our integrated platforms, such as MetaTrader, you may see market symbols listed with certain suffixes. Here’s what they mean, using the EUR/USD market as an example:
EURUSD.a - Tradable by retail clients under the ASIC jurisdiction
EURUSD.r - Tradable by retail clients under FCA, BaFin or CySec jurisdictions
EURUSD.p - Tradable by professional clients under FCA, BaFin or Cysec jurisdictions
EURUSD (no suffix) - Tradable by professional clients under CMA, DFSA, ASIC or SCB jurisdictions
Overnight funding, also called the swap rate, is the fee you pay or earn for keeping CFD positions open past 11:59 pm server time (5 pm New York time). An interest adjustment is applied to your account to reflect the cost of holding positions overnight. You won't pay overnight funding on futures or forwards, as the cost is included in a wider spread.
For full details, please visit our pricing page. You can also view our latest swap rates directly on your trading platform. Note that rates are subject to change depending on market volatility.
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1Other fees and charges may apply.
2If 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.
3Data for the Pepperstone Group, correct as of 1 March 2026