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Pepperstone fees explained

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Overview of Pepperstone fees and charges as of February 2024

It's safe to say that Pepperstone's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Pepperstone even in case you trade frequently like multiple times a week or daily.

Here's a high level overview of Pepperstone's fees

Pepperstone Fees snapshot
Assets Fee level Fee terms
EURUSD Low MT4/MT5 Razor account: $3.50 commission per lot per trade plus spread cost. 0.1 pips is the average spread cost during peak trading hours.
GBPUSD Low MT4/MT5 Razor account: $3.50 commission per lot per trade plus spread cost. 0.2 pips is the average spread cost during peak trading hours.
S&P 500 CFD Average The fees are built into the spread, 0.4 points is the average spread cost during peak trading hours.
Inactivity fee Low No inactivity fee

Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

The fees were collected on Dec 7, 2023 between 2 pm and 4 pm CET, but the actual rates are subject to change. To see current rates, check Pepperstone's website.

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74-89% of retail CFD accounts lose money

BrokerChooser score
4.4 4.4 /5
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74-89% of retail CFD accounts lose money
Pepperstone is not available in the United States
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Pepperstone fees explained

We compare Pepperstone fees with its closest competitors, IC Markets and Axi.

Pepperstone trading fees

Pepperstone's trading fees are low which makes it suitable for you even if you trade often (i.e. multiple times a week).

Let's break down the trading fees into the different asset classes available at Pepperstone.

Trading fees

Pepperstone's trading fees are low.

It is super hard to compare trading fees for forex brokers. What we did at BrokerChooser? Instead of quoting long fee tables, we compare brokers by calculating all fees of an example trade for two currency pairs.

  • EURUSD, a popular currency pair
  • EURGBP, another popular currency pair

The example in this context would mean that you buy for $20,000 using 30:1 leverage, and sell it after a week.

This super catch-all benchmark includes spreads and financing costs for all brokers.

Here is the verdict.

Pepperstone forex trading fees
Axi
EURUSD benchmark fee
$9.7 $9.5 $10.2
EURGBP benchmark fee
$10.4 $9.6 $11.9

Data updated on February 16, 2024

Financing rates

Pepperstone financing rates are low.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

Pepperstone yearly financing rates
Axi
Apple CFD financing rate
7.9%
2.6%
-
Vodafone CFD financing rate
7.7%
3.1%
-
EURUSD financing rate
2.1%
2.1%
2.2%
EURGBP financing rate
2.2%
2.0%
2.4%

Data updated on February 16, 2024

Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.

The fees were collected on Dec 7, 2023 between 2 pm and 4 pm CET, but the actual rates are subject to change. To see current rates, check Pepperstone's website.

Currency conversion fee

Pepperstone will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: Exchange rate received from liquidity providers plus a mark-up. We used the EURUSD trading fees for the calculation..

Pepperstone non-trading fees

When it comes to looking at all the non-trading fees Pepperstone is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.

Non-trading fees include various brokerage fees and charges at Pepperstone that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how Pepperstone stacks up in non-trading fees
Axi
Withdrawal fee
$0
$0
$0
Deposit fee
$0
$0
$0
Inactivity fee
No
No
Yes
Account fee
No
No
No

Data updated on February 16, 2024

Pepperstone deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Pepperstone is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Pepperstone offers.

Pepperstone deposit methods
Axi
Bank transfer
Yes Yes Yes
Credit/debit card
Yes Yes Yes
Electronic wallets
Yes Yes Yes
Deposit fee
$0
$0
$0

Data updated on February 16, 2024

BrokerChooser score
4.4 4.4 /5
Visit broker
74-89% of retail CFD accounts lose money
Pepperstone is not available in the United States
Check out the best alternatives

Pepperstone withdrawal fee

Unlike some online brokers we have reviewed Pepperstone does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

Pepperstone withdrawal fees and options compared
Axi
Bank transfer
Yes Yes Yes
Credit/debit card
Yes Yes Yes
Electronic wallets
Yes Yes Yes
Withdrawal fee with bank transfer
$0
$0
$0

Data updated on February 16, 2024

Pepperstone inactivity fee

Pepperstone does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).

Risk disclaimer

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Author of this article

Edith Balázs

Fiscal Fables Storyteller | Forex • Safety • Financial Journalism

I bring 20+ years of experience as a correspondent having worked for Bloomberg, Dow Jones and The Wall Street Journal covering macroeconomics, stock, currency and fixed-income markets. I hold a Master's degree in American Studies and Journalism.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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