CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.6% of Pepperstone Limited’s retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Risk Warning.

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Forex Trading

The Raw Spread Forex Trading Account

The Pepperstone Razor account gives you direct access to some of the world's deepest liquidity with fully transparent trading costs.

Access Deep Interbank Liquidity

A Razor account features cutting edge infrastructure that allows traders to benefit from flexible leverage, trading from 0.01 lots and our advanced algorithms that route trades with lightning fast execution speed.


Pepperstone Razor Account Features

Spread Type

Raw Interbank Pricing

Average EURUSD Spread

0.0 - 0.8 pips

Min / Max Trade Size

0.01 lots / 100 lots


AU$3.5 per 100k traded

Leverage available

Up to 500:1 leverage for Professional Clients, up to 30:1 for Retail Clients.

Min Account Opening Balance

$200 AUD or equivalent

Account Base Currencies Available


Scalping Allowed


EAs Allowed


Hedging Allowed


Trading Account
Commission per 0.01 LOTS
(1000 base currency)
Commission per 1 LOT
(100,000 base currency)

AUD Account

Australian Dollar

AUD 0.035

(AUD 0.07 round turn)

AUD 3.50

(AUD 7 round turn)

USD Account

US Dollar

USD 0.037

(USD 0.08 round turn)

USD 3.76

(USD 7.53 round turn)

JPY Account

Japanese Yen


(JPY 6 round turn)

JPY 303

(JPY 607 round turn)

EUR Account


EUR 0.025

(EUR 0.05 round turn)

EUR 2.61

(EUR 5.23 round turn)

GBP Account

Pound Sterling

GBP 0.02

(GBP 0.05 round turn)

GBP 2.29

(GBP 4.59 round turn)

CHF Account

Swiss Franc

CHF 0.033

(CHF 0.07 round turn)

CHF 3.30

(CHF 6.60 round turn)

NZD Account

New Zealand Dollar

NZD 0.04

(NZD 0.1 round turn)

NZD 4.75

(NZD 9.50 round turn)

SGD Account

Singapore Dollar

SGD 0.045

(SGD 0.09 round turn)

SGD 4.55

(SGD 9.10 round turn)


Hong Kong Dollar

HKD 0.28

(HKD 0.56 round turn)

HKD 28.17

(HKD 56.34 round turn)


Canadian Dollar

CAD 0.035

(CAD 0.7 round turn)

CAD 3.5

(CAD 7 round turn)

cTrader Razor Account Commissions

cTrader Razor account commissions differ from the MT4 Razor account commissions. In cTrader the commission rate is determined by the currency you are trading rather than the deposit currency of your account. The commission rate on cTrader Razor accounts is 7 units of the first quoted currency in the currency you are trading - for example, a 1 lot trade of NZDCAD will cost $7 NZD in commissions.



Flexible Deposit Methods

Flexible Deposit Methods

Credit Card

Flexible Deposit Methods

Broker to Broker

Flexible Deposit Methods

Bank Transfer

Flexible Deposit Methods


Flexible Deposit Methods


Flexible Deposit Methods


Flexible Deposit Methods


Flexible Deposit Methods


Flexible Deposit Methods


Flexible Deposit Methods

Union Pay


Learn more about Funding Options



Range of Trading Platforms

Metatrader 4

Metatrader 4 is widely regarded as the world's favourite forex trading platform because it offers an easy to use user interface, various charts and indicators and the MQL language supporting Expert Advisors.

Download Pepperstone cTrader

Pepperstone cTrader

Pepperstone's cTrader platform is an innovative, sophisticated and revolutionary trading platform available on the market.


Launch WebTrader

Access your Metatrader 4 forex trading account from any computer - Mac, Windows or Linux - from the Pepperstone Webtrader platform.

WebTrader is available for EDGE Live accounts.

Download Pepperstone iPhone Trading App

Mobile Trading Apps

The Pepperstone Mobile Trading Apps give you leading forex trading technology and access to your Metatrader 4 trading account, on intuitive, mobile-friendly interfaces.


Signup now for a Razor Account

The Pepperstone Razor account gives you direct access to some of the world's deepest liquidity with fully transparent trading costs.