Pepperstone Spreads & Commission Fees (2026): Full Cost Math
Complete 2026 audit of Pepperstone spreads, Razor commissions ($6/lot cTrader vs $7/lot MT4/MT5/TradingView), Gold (XAU/USD) costs, overnight swaps, and $0 inactivity fees.
Reviewed by Hà Ngọc Lộc· Lead Prop Firm & Quantitative Risk Analyst
Reviewed using our forex & CFD broker review methodology
Pepperstone delivers some of the lowest all-in trading costs in the regulated brokerage industry: on the flagship Razor Account, EUR/USD averages 0.10 pips with a round-turn commission of $6.00/lot on Spotware cTrader ($7.00/lot all-in) or $7.00/lot on MT4, MT5, and TradingView ($8.00/lot all-in)—backed by $0 deposit fees, $0 e-wallet/card withdrawal fees, and $0 account inactivity fees. Below is our complete 2026 fee audit across major FX pairs, Gold (XAU/USD), indices, overnight swaps, and non-trading charges.
Pepperstone Spread & All-In Lot Cost Matrix (2026)
All figures below reflect typical liquid London/New York session pricing per 1.00 standard lot (100,000 units FX or 100 oz Gold) on Pepperstone:
| Instrument | Razor Min / Avg Spread | Razor Commission (cTrader / MT5-TV) | Razor All-In Cost / Lot | Standard Account Avg Spread ($0 Comm) | Net Savings on Razor |
|---|---|---|---|---|---|
| EUR/USD | 0.0 / 0.10 pips |
$6.00 (cTrader) / $7.00 (MT5/TV) |
$7.00–$8.00 |
1.10 pips ($11.00) |
Save $3.00–$4.00/lot |
| GBP/USD | 0.0 / 0.30 pips |
$6.00 (cTrader) / $7.00 (MT5/TV) |
$9.00–$10.00 |
1.30 pips ($13.00) |
Save $3.00–$4.00/lot |
| USD/JPY | 0.0 / 0.15 pips |
$6.00 (cTrader) / $7.00 (MT5/TV) |
~$7.35–$8.35 |
1.15 pips (~$10.50) |
Save ~$2.15–$3.15/lot |
| AUD/USD | 0.0 / 0.15 pips |
$6.00 (cTrader) / $7.00 (MT5/TV) |
$7.50–$8.50 |
1.15 pips ($11.50) |
Save $3.00–$4.00/lot |
| XAU/USD (Gold) | $0.05 / $0.12 (1.2 pips) |
$0.00 commission on CFDs/Metals (spread-only) or entity-specific |
~$12.00–$15.00 |
$0.25 ($25.00) |
Save ~$10.00/lot |
| US30 / NAS100 | 1.0 / 1.2 pts |
$0.00 commission |
Spread only | 1.2–1.5 pts |
Commission-free index CFDs |
Interactive Capital-to-Account Router: Cent vs. Standard STP vs. Raw ECN Cost Model
ACTIVE TIER: RAW ECN (SAVES 41% ON ALL-IN ROUND-TURN EXECUTION)Razor Commission Schedule by Account Currency & Platform
One crucial detail many traders overlook is how Pepperstone calculates Razor commissions across account base currencies:
| Account Base Currency | MT4 / MT5 / TradingView (Per Side / Round Turn) | Spotware cTrader (Per Side / Round Turn) |
|---|---|---|
USD ($) |
$3.50 / side ($7.00 RT) |
$3.00 / side ($6.00 RT) |
EUR (€) |
€2.60 / side (€5.20 RT) |
$3.00 USD equiv. / side converted at spot |
GBP (£) |
£2.25 / side (£4.50 RT) |
$3.00 USD equiv. / side converted at spot |
AUD (A$) |
A$3.50 / side (A$7.00 RT) |
$3.00 USD equiv. / side converted at spot |
Worked Monthly Volume Cost Comparison (100 Lots/Month on EUR/USD)
Let's compare a day trader executing 100 standard lots per month of EUR/USD across three Pepperstone setups:
Switching from a Standard account to Razor on cTrader saves $400/month ($4,800/year), and adding Active Trader rebates increases your annual savings to $6,240/year. Run your own lot volume in our Position Size & Lot Cost Calculator.
Non-Trading Fees: Deposit, Withdrawal & $0 Inactivity Policy
Unlike many legacy brokers that penalize dormant accounts, Pepperstone maintains one of the cleanest non-trading fee schedules in 2026:
- Inactivity / Dormancy Fee:
$0.00— Pepperstone never charges monthly maintenance or dormancy penalties, even if your account sits unused for 12+ months. - Deposit Fees:
$0.00across Visa, Mastercard, Apple Pay, Google Pay, PayPal, Skrill, Neteller, POLi, PayID, Pix, MPESA, and bank wire. - Withdrawal Fees:
$0.00on all cards, e-wallets, and local bank transfers ($20intermediary bank wire fee applies only to international SWIFT wires under specific entities).
Overnight Swap / Rollover Rates & Triple-Swap Wednesday
- Daily Rollover Time:
17:00 New York time(00:00MT4/MT5 server time). - Triple-Swap Day: Wednesday (
3×swap for FX and spot metals to account for weekend T+2 settlement; Friday for most index and energy CFDs). - Swap-Free Option: Traders in eligible jurisdictions can use the Pepperstone Swap-Free Account for 5–10 days of zero overnight swap before a flat daily admin charge applies.
Compare Pepperstone Razor spreads live · Read our full Pepperstone Review 2026
Official sources: Pepperstone Pricing & Spreads (pepperstone.com) · Pepperstone Swap Rates (pepperstone.com).
Pepperstone Spreads & Commission Fees: Your Questions Answered
Why is Pepperstone commission cheaper on cTrader than MT4/MT5?
Spotware cTrader charges a flat $3.00 per $100,000 USD notional traded per side ($6.00 round-turn per standard USD lot), whereas Pepperstone's MT4, MT5, and TradingView Razor accounts use a fixed $3.50 per side ($7.00 round-turn) schedule.
Does Pepperstone charge an inactivity fee?
No. Pepperstone charges $0 inactivity fees and $0 account maintenance fees across all seven regulated entities.
What is Pepperstone's average spread on Gold (XAU/USD)?
During active London and New York hours, Pepperstone's Razor spread on XAU/USD starts from $0.05 and averages $0.10 to $0.15 (1.0 to 1.5 pips), making it highly competitive against Exness and IC Markets.
Are index and stock CFDs commission-free on Pepperstone?
Major index CFDs (US30, NAS100, US500, GER40, UK100) have $0 commission on both Razor and Standard accounts (cost is built into the tight 0.4–1.2 point spread). Share CFDs carry a small per-market commission (e.g., $0.02/share on US stocks).
Can I get cash rebates on Pepperstone Razor commissions?
Yes. Through the Active Trader VIP program, high-volume traders receive 10% to 30% daily commission cash rebates credited directly to their trading account the day after a position closes.
Related Guides
- Pepperstone Minimum Deposit (2026): $0 Rule vs $200 Practical Math
- Pepperstone Leverage Guide (2026): 1:30 Tier-1 vs 1:400 & 1:500 Pro
- Pepperstone Review 2026: 7-Regulator Safety, Razor ECN & Verdict
- Is Pepperstone Safe in 2026? 7-Regulator Entity & Fund Audit
- Pepperstone Account Types (2026): Razor vs Standard Audited
- Vantage vs Pepperstone 2026: Which Tier-1 ECN Broker Is Better?
- HFM vs Pepperstone 2026: Fees, Platforms & Entity Comparison
- Best cTrader Forex Brokers 2026
Sources & verification
- Last checked
- Written by
- HNL Growth Team
- Reviewed by
- Hà Ngọc Lộc
- Length
- 4 min read · 1,002 words
Rules, prices and payout terms on this page were checked against the official websites, help-centre articles and published terms of the firms mentioned, on the date above. Prop firms and brokers change conditions often — confirm the current version on the official site before you buy or deposit. Read our broker review methodology and affiliate disclosure.
Official sources & documentation verified
- Pepperstone Pricing & Spreads(pepperstone.com)
- Pepperstone Swap Rates(pepperstone.com)
Explore Related Hubs & Free Trading Tools
Ready to Trade with Pepperstone?
Founded in 2010 in Melbourne and regulated by seven authorities (ASIC, FCA, CySEC, BaFin, DFSA, CMA, SCB), Pepperstone offers $0 minimum deposit Razor and Standard accounts across TradingView, Spotware cTrader, MT4, MT5, and the Pepperstone App.
Risk disclaimer: Pepperstone is a live forex and CFD broker operating through Pepperstone Group Limited (ASIC #414530), Pepperstone Limited (FCA #684312), Pepperstone EU Limited (CySEC #388/20), Pepperstone GmbH (BaFin #151148), Pepperstone Financial Services (DIFC) Ltd (DFSA #F004356), Pepperstone Markets Kenya Ltd (CMA #128), and Pepperstone Markets Limited (SCB Bahamas #SIA-F217). Leverage and investor compensation depend on your onboarding entity. Between 74% and 81.2% of retail investor accounts lose money when trading CFDs with this provider. Affiliate disclosure: HNL Growth earns a commission if you open an account via our tracked partner link.