CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Spreads, commissions and swaps

We use multiple liquidity providers from Tier 1 Banks and institutions to give you competitive quotes with low spreads and deep liquidity on a wide range of instruments. This allows us to offer razor sharp pricing and fast execution to all clients.

Our spreads

Our Razor commissions

Commissions are only charged on Razor accounts when trading CFDs on Forex. On MT5 and MT4, micro lots are rounded up or down. To see the commissions chargeable for shares please click here.

Our swap rates

What is a swap rate?

A swap rate is a rollover interest (that's earned or paid) for holding CFD positions overnight. We simply make an interest adjustment to your account, which is either a debit or a credit, to reflect the cost of funding your position.


Daily swap charge / credit = (One point / exchange rate) x (Trade size [or notional amount] x tom next)

We source our tom next rates from a tier-one global investment bank. These are updated on a regular basis to account for the dynamic tom next market.

Note: Our Commodities metal swaps are also calculated in the same way

Find out more about swaps in forex and how they're"calculated.

Where can I find Pepperstone's swap rates?

You can find our latest swap rates on our trading platforms. Swap rates posted on our platforms are indicative rates and are subject to change based upon market volatility.

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*FX Majors spreads updated July 2022. All other spreads updated April 2021. Cryptocurrency average spreads updated 30 June-05 July 2021.