CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.1% 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.

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Start $0 Commission Trading at MT5

MetaTrader 5 is a top forex platform offering faster processing, advanced order entry, and the latest trading tools. Open a MT5 account with Pepperstone today and get $0 Commission on forex.

Get $0 Commission
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Trustpilot

Get $0 Commission for first 20 trades on Forex CFDs today*

Open a Pepperstone trading account, connect to MT5, and enjoy $0 commission for your first 20 trades on forex trading.

Spread type
Prices direct from multiple liquidity providers
Typical EUR/USD spread
From 0.0 pips
Min / Max Trade Size
0.01 lots/100 lots
Commission
USD3.5 per 100k traded
Leverage available
1:1 - 500:1
Min account opening balance
USD200 or equivalent in your preferred currency
Max monetary limit from the promotion
USD600
Applicable platform
MT4 and MT5
Account base currencies available
AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD
Scalping allowed
Yes
EAs allowed
Yes
Hedging allowed
Yes
Time limit
Promotion valid in 30 days since your first forex trade
Valid to IB client
No

Why Choose MetaTrader5

MT5 provides exceptional features to help you stay ahead in your trading journey including a strategy tester for those interested in automating and testing their trading strategies and expert advisors, a highly intuitive and easy to use interface, and advanced charting with endless possibilities.

Easier to use

Easy-to-code trading signals using the MQL5 programming language

Advanced platform customisation options

21 timeframes to choose from

Main Features and Advantages of MetaTrader5

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    Optimized processing speed

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    Built-in economic calendar

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    Up to 500 total orders allowed

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    Advanced pending order features

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    Ability to hedge your positions

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    38 built-in indicators

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    21 timeframes

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    Compatible with our Autochartist and Smart Trader Toolkits

MQL5 vs MQL4

The MQL programming language is an integrated language designed for programming trading strategies specifically on MetaTrader. MT5 employs MQL5, which provides several benefits compared to MT4's MQL4. You can see some of those benefits below:

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    Object-oriented programming

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    Improved debugging tools

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    Similar syntax to that of C++ programming language

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    Advanced events management model

Why Open MT5 Account with Pepperstone

Take your strategy to the next level with Pepperstone, one of the world's largest CFD broker who truly understands what traders need.

Super-tight spreads
Low spread

Consistently competitive spreads for all CFDs boosted by pricing from multiple Tier 1 banks.

Elite trading tech
High leverage

Up to 1:500 Leverage available.

Copy trading
Fast execution

Get all of your forex exchange trades filled in full, with no partial execution or requotes on market orders. 99.62% fill rate^, fast execution and no dealing desk intervention.

Fast and reliable
24/5 Support

Award-winning customer support, available 24 hours, 5 days per week, and 18 hours a day on weekends.

24-hr Client Support
Trade with confidence

Regulated in multiple jurisdictions, including ASIC, BaFin, CMA, CySEC, DFSA, FCA, and SCB.

MT5 Switcher

Get $0 Commission

Open a Pepperstone trading account, connect to MT5, and enjoy $0 commission for your first 20 trades on forex trading.
Open Account Now

^Monetary limit up to 600 USD, not apply to introducing broker clients. Promotion only apply to FX trades and in 30 days since the first FX trades.