Pepperstone is a forex and CFD broker that offers online trading services globally. The broker is regulated by 7 top-tier regulatory authorities, including ASIC, FCA, CySEC, BaFin, DFSA, CMA, and SCB. With access to over 1,200 instruments, including forex, commodities, indices, shares, and cryptocurrencies, Pepperstone offers a diverse range of trading opportunities.
To accommodate different trading styles and experience levels, Pepperstone provides multiple account types, including Standard, Razor, Islamic (Swap-Free), Professional, MAM/PAMM, Joint, Company, Trust, and Trust Corporate accounts. Each account is designed to meet specific trading needs, whether you are a beginner, an algorithmic trader, or a professional looking for institutional-level solutions.
In this guide, we will explore each Pepperstone account type, its features, fees, and suitability for different traders.
What Types of Accounts Does Pepperstone Offer?
Pepperstone offers two major accounts: the Standard account and the Razor account. The Standard account is spread-based, while the Razor account is commission-based. Additionally, based on client type (Client profile), Pepperstone offers a good number of account types:
Below is the full list of account types provided by Pepperstone:
- Pepperstone Standard account
- Pepperstone Razor account
- Pepperstone Professional account
- Pepperstone Swap Free account
- Pepperstone Spread Betting account
- Pepperstone MAM/PAMM account
- Pepperstone Joint Account
- Pepperstone Company Account
- Pepperstone Trust Account
- Pepperstone Trust Corporate Account
Pepperstone At a Glance
- Founded In: 2010
- Founder: Owen Kerr and Joe Davenport
- Headquarters : Melbourne, Australia,
- Minimum Deposit: None (However, Pepperstone recommends $200 or equivalent for margin requirements.
- Maximum Leverage: Upto 30:1 for ASIC, CySEC, FCA, BaFin, and DFSA jurisdictions, 400:1 for CMA, 200:1 for SCB, and 500:1 for Professional Accounts
- Regulations: FCA, ASIC, CySEC, BaFIN, DFSA, CMA, and SCB
- Trading platform: MT4, MT5, cTrader, TradingView
- Account Types: Standard, Standard (cTrader/MetaTrader 4&5), Razor (MT4, MT5, cTrader & TradingView)
- Trading Styles: All including Scalping, Hedging, News Trading, EA Trading
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Local Bank Transfers, M-Pesa, Neteller, PayPal, Poli, Skrill, UnionPay
- US Clients: Not Accepted
1. Pepperstone Standard Account: Best for Beginners
The Pepperstone Standard Account is a commission-free trading account. It includes trading costs within the spread instead of charging separate commissions. This makes it a good option for traders who want to avoid extra fees.
This account is suitable for beginners, swing traders, and those who prefer simple pricing. It offers access to MT4, MT5, cTrader, and TradingView, allowing traders to choose their preferred platform.
Unlike the Razor Account, which has lower spreads but charges commissions, the Standard Account has slightly higher spreads starting from 1.0 pip for EUR/USD. This setup is ideal for traders who want a clear and predictable pricing model.
Key Features:
- Trading Costs: No commissions, only spreads (starting from 1.0 pip for EUR/USD).
- Leverage: Up to 1:200 (SCB), 1:30 (FCA, ASIC, CySEC, DFSA), 1:500 for Professional account.
- Platforms: MT4, MT5, cTrader, TradingView.
- Minimum Deposit: $0 (Recommended: $200+).
- Execution Type: No Dealing Desk (NDD), fast execution.
- Minimum Lot Size: 0.01
- Maximum Lot Size: 100
- EA/Robots: Allowed
- Base Currencies: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
- Trading Styles: All Trading Styles are allowed, including scalping, news trading, and hedging.
- Best For: Beginner traders, swing traders, and those who prefer simple pricing.
To learn more about the Pepperstone Standard Account, you can explore our comprehensive guide on its features, trading costs, and account benefits. For a detailed review, visit the full guide on the Pepperstone Standard Account here.
2. Pepperstone Razor Account: Best for Scalpers and Algo Traders
The Pepperstone Razor Account is designed for traders who prefer raw spreads with low commissions. Instead of including trading costs in the spread, this account offers tight spreads starting from 0.0 pips and charges a small commission per trade.
This account is best for scalpers, day traders, and algorithmic traders who need tight spreads and fast execution. It supports MT4, MT5, cTrader, and TradingView, providing flexibility for different trading styles.
Unlike the Standard Account, which has no commissions but wider spreads, the Razor Account offers lower spreads with a commission of $3.50 per lot per side on MT4/MT5. This makes it ideal for traders who need precise market pricing and lower overall trading costs.
Key Features:
- Trading Costs: Spreads from 0.0 pips, commission $3.50 per lot per side (MT4/MT5), and $3 per lot per side (cTrader).
- Leverage: Up to 1:200 (SCB), 1:30 (FCA, ASIC, CySEC, DFSA).
- Platforms: MT4, MT5, cTrader, TradingView.
- Minimum Deposit: $0 (Recommended: $200+).
- Execution Type: No Dealing Desk (NDD), fast execution.
- Minimum Lot Size: 0.01
- Maximum Lot Size: 100
- EA/Robots: Allowed
- Base Currencies: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
- Trading Styles: All Trading Styles are allowed, including scalping, news trading, and hedging.
- Best For: Scalpers, algorithmic traders, and high-frequency traders.
To learn more about the Pepperstone Razor Account, read our in-depth review on the Pepperstone Razor Account.
3. Pepperstone Professional Account: Best for High Leverage Traders
The Pepperstone Professional Account is designed for experienced traders who meet certain eligibility criteria. It offers higher leverage (up to 1:500) and fewer trading restrictions compared to retail accounts.
To qualify, traders must meet at least two of the following criteria:
- Have traded significant volumes in the past year.
- Hold financial industry experience.
- Own assets of at least €500,000.
This account is available on MT4, MT5, cTrader, and TradingView, with access to raw spreads and fast execution. However, professional traders lose some retail protections, such as negative balance protection and access to the Financial Ombudsman Service.
The Pepperstone Professional Account is best for high-volume and experienced traders who want higher leverage and fewer trading restrictions.
Key Features:
- Trading Costs: Similar to Razor or Standard accounts.
- Leverage: Up to 1:500 (Professional traders only).
- Platforms: MT4, MT5, cTrader, TradingView.
- Eligibility: Must meet experience and financial criteria (varies by region).
- Minimum Lot Size: 0.01
- EA/Robots: Allowed
- Base Currencies: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
- Trading Styles: All Trading Styles are allowed, including scalping, news trading, and hedging.
- Best For: Experienced traders seeking higher leverage.
The Pepperstone Professional Account offers leverage up to 1:500 for experienced traders. The account supports MT4, MT5, and cTrader for fast execution with NDD access. The recommended deposit is $200, with access to over 1,200 instruments, including forex, commodities, and cryptocurrencies.
For more details, read our review of the Pepperstone Professional Account.
3. Pepperstone Islamic (Swap-Free) Account: Best for Muslim Traders
The Pepperstone Islamic Account is a swap-free trading account designed for traders who follow Islamic finance principles. It does not charge overnight interest (swap fees), making it compliant with Sharia law.
This account is available for MT4, MT5, and cTrader platforms. Instead of swaps, traders may pay a flat administration fee on certain instruments.
The Islamic Account offers the same tight spreads and fast execution as the Standard and Razor accounts, making it suitable for Muslim traders who need swap-free trading with competitive pricing.
Key Features:
- Trading Costs: No swap fees; administrative fees apply for overnight positions.
- Leverage: Up to 1:200 (SCB), 1:30 (FCA, ASIC, CySEC, DFSA).
- Platforms: MT4, MT5, cTrader, TradingView.
- Minimum Deposit: $0 (Recommended: $200+).
- Execution Type: No Dealing Desk (NDD).
- Minimum Lot Size: 0.01
- Maximum Lot Size: 100
- EA/Robots: Allowed
- Base Currencies: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
- Trading Styles: All Trading Styles are allowed, including scalping, news trading, and hedging.
- Best For: Muslim traders who require a swap-free trading account.
The Pepperstone Islamic Account offers swap-free trading. The account supports MT4, MT5, and cTrader with fast execution and NDD access. Leverage is up to 1:500 for professional traders. The minimum deposit is $200, and it provides access to 1,200+ instruments.
For more details, read our review of the Pepperstone Islamic Account.
5. Pepperstone Spread Betting Account: Best for Tax Free Trading in the UK
The Pepperstone Spread Betting Account is designed for UK traders who want to trade tax-free. Instead of buying or selling assets, traders speculate on price movements by betting on price changes per point.
This account is commission-free, with trading costs built into the spreads (starting from 0.0 pips on Razor and 1.0 pip on Standard). It is available on MT4 and MT5 platforms and supports trading in forex, indices, commodities, and more.
Since spread betting is classified as gambling in the UK, profits are exempt from capital gains tax (CGT). This makes the Pepperstone Spread Betting Account ideal for UK traders looking for a tax-efficient way to trade.
Key Features:
- Trading Costs: No commissions, only spreads (starting from 1.0 pip for EUR/USD).
- Leverage:1:30 under FCA, 1:500 under Professional Account
- Platforms: Available on MT4, MT5, cTrader, and TradingView.
- Minimum Deposit: $0 (Recommended: $200+).
- Execution Type: No Dealing Desk (NDD), fast execution.
- Minimum Lot Size: 0.01.
- Maximum Lot Size: 100.
- EA/Robots: Allowed.
- Base Currencies: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, HKD.
- Trading Styles: Suitable for all trading styles, including scalping, news trading, and hedging.
- Tax Efficiency: Spread betting is tax-free in the UK, making it a tax-efficient option for UK traders.
- Regulation: FCA regulates traders in the UK, ensuring high standards of client protection.
6. Pepperstone PAMM/MAMM Account: Best for Passive Investor and Money Manager
The Pepperstone MAM/PAMM Account is ideal for investors who want to pool their funds with a professional money manager and benefit from their expertise. As an investor, you can invest in a master account, where the fund manager allocates trades to your account based on your share of the total capital.
With the MAM/PAMM Account, you don’t need to actively manage your trades. The fund manager will handle all the decisions, while you can monitor your performance through the platform. It’s a great option for those who want to leverage the skills of experienced traders without dedicating time to market analysis and trading.
This account type is available on the MT4 and MT5 platforms, offering access to competitive spreads, fast execution, and the ability to invest in multiple trading strategies.
The Pepperstone MAM/PAMM Account is best for investors who want to grow their capital by trusting professional fund managers with their trades while maintaining full transparency and control over their investments.
Key Features:
- Trading Costs: Same as Razor or Standard accounts.
- Leverage: Up to 1:200 (SCB), 1:30 (FCA, ASIC, CySEC, DFSA), 1:500 for Professional accounts.
- Platforms: MT4, MT5 (with MAM/PAMM integration).
- Minimum Lot Size: 0.01
- Base Currencies: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
- Best For: Fund managers and professional traders managing multiple clients.
7. Pepperstone Joint Account: Best for family members trading jointly
The Pepperstone Joint Account allows two or more individuals to trade together on the same account. It’s ideal for partners, family members, or business partners who want to pool their funds and manage their trades as a group.
This account type offers the same trading conditions as individual accounts, with access to MT4, MT5, cTrader, and TradingView platforms. The account provides competitive spreads, fast execution, and the ability to trade in forex, indices, commodities, and more.
The Pepperstone Joint Account offers flexibility in how profits and losses are shared, and each account holder has access to the account for monitoring and managing trades.
This account is best for partners or groups who want to trade together, share the risks and rewards, and manage their trades under a single account while maintaining individual access.
Key Features:
- Trading Costs: Same as Standard or Razor accounts.
- Leverage: Up to 1:200 (SCB), 1:30 (FCA, ASIC, CySEC, DFSA), 1:500 for Professional account.
- Platforms: MT4, MT5, cTrader, TradingView.
- Minimum Lot Size: 0.01
- Maximum Lot Size: 100
- EA/Robots: Allowed
- Base Currencies: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
- Trading Styles: All Trading Styles are allowed, including scalping, news trading, and hedging.
- Best For: Partners or spouses managing investments together.
8. Pepperstone Company Account: Best for Trading as a Company
The Pepperstone Company Account is a type of account that is designed for businesses or corporate entities that want to trade on behalf of their organization. This account allows companies to manage their funds and trade in various instruments, including forex, indices, commodities, and more.
It offers the same competitive spreads and fast execution as individual accounts, with access to MT4, MT5, cTrader, and TradingView platforms. The account is ideal for companies or corporate traders who wish to separate their personal and business trading activities.
With the Pepperstone Company Account, businesses can benefit from flexible trading solutions, including high liquidity and customized risk management strategies.
This account is best for corporate traders or businesses looking to manage company funds and trade professionally while maintaining the flexibility of a well-established trading platform
Key Features:
- Trading Costs: Same as Standard or Razor accounts.
- Leverage: Up to 1:200 (SCB), 1:30 (FCA, ASIC, CySEC, DFSA), 1:500 for Professional Account.
- Platforms: MT4, MT5, cTrader, TradingView.
- Minimum Lot Size: 0.01
- EA/Robots: Allowed
- Base Currencies: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
- Trading Styles: All Trading Styles are allowed, including scalping, news trading, and hedging.
- Best For: Businesses or institutional traders.
9. Pepperstone Trust Account: Best for traders using a trust for legal or tax reasons
The Pepperstone Trust Account is designed for trustees who manage investments on behalf of beneficiaries. This account allows the trustee to manage funds under the terms of a trust agreement, with access to competitive spreads and fast execution for a range of trading instruments, including forex, commodities, and indices.
This account type is suitable for individuals or institutions who need to trade on behalf of a trust while maintaining a clear separation of personal and trust funds. It provides access to MT4, MT5, cTrader, and TradingView platforms, offering flexibility and transparency in managing trades.
With the Pepperstone Trust Account, trustees can effectively manage trust assets, ensuring that trading decisions align with the trust’s objectives and legal requirements.
The Pepperstone Trust Account is best for trustees or wealth managers looking to trade for beneficiaries while adhering to the terms of a trust agreement and ensuring professional fund management.
Key Features:
- Trading Costs: Same as Standard or Razor accounts.
- Leverage: Up to 1:200 (SCB), 1:30 (FCA, ASIC, CySEC, DFSA), 1:500 for Professional account.
- Platforms: MT4, MT5, cTrader, TradingView.
- Minimum Lot Size: 0.01
- EA/Robots: Allowed
- Base Currencies: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
- Trading Styles: All Trading Styles are allowed, including scalping, news trading, and hedging.
- Best For: Traders looking to trade under a trust for legal or tax purposes.
10. Pepperstone Trust Corporate Account: Best for corporate entities trading under a trust
The Pepperstone Trust Corporate Account is designed for corporate entities or institutional investors who manage funds held in trust. This account allows companies to trade on behalf of a trust while benefiting from competitive spreads, fast execution, and access to a wide range of instruments, including forex, commodities, indices, and more.
The account is perfect for trustees or wealth management firms managing corporate or institutional trust funds. It offers flexibility and transparency through access to MT4, MT5, cTrader, and TradingView platforms, providing robust tools for efficient fund management.
With the Pepperstone Trust Corporate Account, companies can manage multiple accounts or portfolios under a single trust arrangement while ensuring that all trades comply with trust objectives and regulatory requirements.
This account is best for corporate entities, trust managers, or financial institutions seeking to trade on behalf of a trust with professional-level features, liquidity, and risk management options.
Key Features
- Trading Costs: Same as Standard or Razor accounts.
- Leverage: Up to 1:200 (SCB), 1:30 (FCA, ASIC, CySEC, DFSA), 1:500 for professional accounts.
- Platforms: MT4, MT5, cTrader, TradingView.
- Minimum Lot Size: 0.01
- EA/Robots: Allowed
- Base Currencies: AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD
- Trading Styles: All Trading Styles are allowed, including scalping, news trading, and hedging.
- Best For: Traders looking to trade under a trust for legal or tax purposes.
How to Choose the Right Pepperstone Account Type?
To choose the right Pepperstone account, you need to understand which account type is suitable for what type of trader. Below is a table of the different account types and their suitability.
| Account Type | Best For | Pricing Model |
|---|---|---|
| Standard | Beginners & casual traders | Spread-only (from 1.0 pip) |
| Razor | Scalpers & algo traders | Raw spreads + commission $3 to 3.5 per lot per side |
| Professional | Professional traders seeking higher leverage | Variable (higher leverage) |
| Spread Betting | Tax-Free Trading in the UK | Variable Spreads |
| Islamic | Muslim traders needing swap-free trading | Spread + admin fee |
| MAM/PAMM | Fund managers and Passive Investors | Customizable pricing |
| Joint | Partners or spouses | Standard or Razor |
| Company | Corporate entities | Standard or Razor |
| Trust | Trust-based trading | Standard or Razor |
| Corporate Trust | Corporate entities trading under a trust | Standard or Razor |
How to Open a Trading Account with Pepperstone
To open a Pepperstone trading account, follow these steps:
- Visit the Pepperstone website or platform.
- Click on the “Open Account” or “Sign Up” button.
- Fill out the registration form with accurate personal information.
- Select the desired account type (Standard, Razor, Spread Betting, Islamic, Professional, or Demo).
- Provide any additional information required for verification purposes.
- Read and accept the terms and conditions.
- Submit the registration form.
- Complete the account verification process by submitting any requested documents, such as identification and proof of address.
- Once the account is approved, you will receive login credentials to access your trading account.
Frequently Asked Questions ( FAQs)
What is Pepperstone?
Founded in 2010 by Owen Kerr and Joe Davenport, Pepperstone is an Australian-based forex and CFD broker offering online trading services globally. The broker provides access to over 1,200+ forex and CFD instruments on its powerful platforms: MT4, MT5, cTrader, and TradingView. With its advanced technological infrastructure, Pepperstone delivers lightning-fast execution, multiple trading tools, and low trading fees (starting from as low as 0.0 pips for the Razor account and 1 pip for the Standard account). It is regulated in seven jurisdictions and serves over 400,000 clients worldwide.
Which Pepperstone Account is Best for Beginners?
The Standard Account is the best option for beginners on Pepperstone. It has no commission fees as costs are included in the spread, making it easier for new traders to manage. This account is user-friendly, offers competitive spreads, and requires a low minimum deposit. Beginners can also access MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView, which provide built-in educational tools. While the Razor Account is suitable for scalpers and algorithmic traders, its commission-based structure makes the Standard Account a better choice for those just starting.
What types of accounts does Pepperstone offer?
Pepperstone mainly offers two types of accounts: the Standard Account and the Razor Account. However, based on clients’ profiles, Pepperstone offers a couple of different account types. Nevertheless, not all types of accounts are available in every jurisdiction. For instance, Islamic accounts are not available in CySEC or FCA jurisdictions.
What is the difference between Pepperstone Standard and Razor Account?
The main difference between Pepperstone’s Standard Account and Razor Account lies in the pricing structure. The Standard Account generally has higher spreads but no commissions, while the Razor Account features lower spreads but charges a small commission per trade. The choice between these two account types depends on the trader’s trading style and preferences.
Can I have 2 Pepperstone accounts?
Yes, it is possible to have multiple Pepperstone accounts. Traders who wish to diversify their trading strategies or trade different financial instruments can open multiple accounts under the same name. This flexibility allows traders to manage their trading activities more efficiently.
Does Pepperstone charge for inactive accounts?
No, Pepperstone does not charge any inactivity fees.
Can I switch between Pepperstone account Types?
Yes, you can switch between account types. This process might involve opening a new account of the desired type and transferring funds from your existing account. You need to contact Pepperstone customer support for guidance on this process.
Final Verdict
Pepperstone is a forex and CFD broker and online trading platform that offers its services globally. The broker provides different types of accounts for various trading styles, including day traders, swing traders, position traders, automated traders, and joint traders.
Pepperstone offers two major types of accounts: the Standard Account and the Razor Account. Additionally, it provides different account types to meet specific client needs. However, not all accounts are available in every jurisdiction, and they may not be suitable for all types of traders.
Below are the different account types and their suitability:
- Standard Account: Best for beginners & casual traders
- Razor Account: Best for scalpers & algo traders
- Islamic Account: Suitable for Muslim traders needing swap-free trading
- Professional Account: Ideal for high-volume traders who seek higher leverage, leaving the investor protection scheme
- MAM/PAMM Account: Best for fund managers and passive investors
- Joint Account: Suitable for partners or spouses
- Company Account: Designed for corporate entities
- Trust Account: For traders looking to trade under a trust for legal or tax purposes
Whether you’re a beginner, a professional, or a fund manager, Pepperstone’s account options accommodate all trading styles with competitive fees, fast execution, and deep liquidity.
