Trading Spreads, Swap Rates and Commissions
At Pepperstone, we aim to offer highly competitive conditions so that traders can focus on what really matters. To do so, we use multiple liquidity providers from Tier 1 Banks and institutions to give you access to competitive quotes and deep liquidity on a wide range of financial instruments, including forex, commodities, and Indices. This allows us to offer razor sharp pricing, low commissions on forex, and low-latency fast execution to all clients.
In forex trading, the spread refers to the difference between the bid price and the ask price of a currency pair. The bid price is the price at which a trader can sell a currency, while the ask price is the price at which a trader can buy a currency. The spreads is usually measured in pips, which is the smallest unit of measurement in forex trading.
Commissions are only charged on Razor accounts when trading CFDs on Forex. Please note that on MT5 and MT4, micro lots are rounded up or down.
Our swap rates
What are swap rates?
Swap rates are rollover interest rates (that's earned or paid) for holding 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.
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.
*99.94%. Fill rates are based on all trades data between 01/01/2023 and 31/03/2023
*All spreads are generated from data between 01/05/2023 and 31/05/2023