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      Get great rates on majors like EUR/USD, plus minors and exotics

    • Commodity CFDs

      Trade on metals, energies and softs, with spreads from 2 cents on oil

    • Cryptocurrency CFDs

      Speculate on Bitcoin, Ether and more, with a trusted broker

    • Shares CFDs
    • ETF CFDs
    • Index CFDs
    • Currency Index CFD
    • Dividends for index CFDs
    • Dividends for share CFDs
    • CFD forwards
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      Trade through the world-famous supercharts with great pricing

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      Explore the apex in trading automation with our execution tech

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    • cTrader
    • Trading tools
    • Navigating markets

      Latest news and analysis from our experts

    • The Daily Fix

      Your regular round-up of key events

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      Our global team giving your trading the edge

    • Who we are

      Pepperstone was born from the dream of making trading better

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SCB's product intervention

Find out how the changes may affect you and the products you trade.

Two traders have a conversation while looking at a book

Changes for retail clients: what you need to know

The SCB is changing the way we can offer our products to retail clients of Pepperstone Markets Limited. We’ve summarised these changes below.

The good news is you can choose to classify as Pepperstone Pro to continue trading with up to 500:1 leverage. See below for details.

Changes to leverage caps

As a result of the SCB changes, the following products will have their leverage changed from current available levels and be capped at a maximum of 200:1: 

  • FX products
  • Commodity products

Compulsory margin close-outs

From 25 July 2021, if the funds you hold in your account fall to less than 50% of the margin required for all of your open trades, then we'll be required to close out positions.

Important: any existing positions opened prior to 25 July will also be subject to the new 50% margin close-out requirement. This means that you may need to deposit more funds into your account to cover the additional margin required and avoid your positions being closed-out. It's your responsibility to be aware of your margin requirements and continue to monitor your positions.

To see examples of how your positions may be impacted, visit our dedicated Support page.

Negative balance protection

As a retail client, we’ll provide you with negative balance protection to limit the losses you can incur when you trade with us to the funds available in your CFD trading account.

Prohibition on inducements 

We're prohibited from offering certain inducements to retail clients (for example, cash bonuses or 'free' gifts like iPads). Discounts on costs and fees, information services or research tools will still be allowed. You can find details of our new Retail and Pro Refer a Friend programs here.

Will I be affected? 

The SCB changes will impact retail clients only, not Pepperstone Pro clients. If you choose to be classified as an Elective Professional Client or “Pepperstone Pro”, you’ll be able to trade up to 500:1; however, you’ll lose some retail protections which you should consider. Full details are available in your Secure Client Area. 

Exceptional pricing

Trade with spreads as low as 0.0 pips on our Razor account.

Find out more

How do I become a Pepperstone Pro?

This is a self-certification process that only takes a few minutes, which is available in the Secure Client Area. You’ll have to complete a short quiz to demonstrate that you meet the eligibility criteria. You'll need to self-certify that you meet two of the following three criterion:

  • Your experience in trading leveraged trading (financial derivative or OTC) products
  • Your cash deposits and trading portfolio exceed USD$500,000
  • Your professional experience working in the financial services sector
Login into the Secure Client Area

to classify as Pro today.




What will change if I classify as a Pepperstone Pro?

  • You’ll be able to trade with leverage up to 500:1
  • Your margin close-out level will be set a 20% (vs 50% for retail on MT4/5 (cTrader margin close-out will remain at 50%)
  • You’re not guaranteed negative balance protection; however, you may be eligible for a once-off negative balance protection of up to USD$100,000
  • You won't receive the same risk warnings or disclosures that you'd receive as a retail client
  • We'll rely on your knowledge and experience as a Pepperstone Pro to demonstrate your understanding of the risks of trading our products

You can visit the Securities Commission of Bahamas website to view the SIR CFD Rules (2020) regarding Elective Professional Clients here.

Will anything else change on my account?

All other trading conditions, account features and functionality remain the same. Your funds will continue to be held in a segregated trust account with a Tier 1 global bank.

If you have any questions, please get in touch at pro@pepperstone.com.



Ready to trade?

Switch to Pepperstone now and join our global community of over 620,000 traders. Apply in minutes with our simple application process.

1

Register

Sign up with your email address and get a free demo.

2

Answer

We’ll check your suitability for our products.

3

Verify

Your safety is our top priority.

4

Fund

That’s it! You’re ready to trade.

Apply now


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© 2025 Pepperstone Markets Limited | Company registration number 177174 B | SIA-F217

Risk Warning: 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.

You don't own or have rights in the underlying assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your or your client's personal objectives, financial circumstances, or needs. Please read our RDN and other legal documents and ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice.

Pepperstone Markets Limited is located at

#1 Pineapple House, Old Fort Bay, Nassau, New Providence, The Bahamas

and is licensed and regulated by The Securities Commission of The Bahamas,( SIA-F217).

The information on this site and the products and services offered are not intended for distribution to any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.