In place of overnight costs, you pay an administration fee. The Islamic account is the same as the standard account but with no swap fees. This account is only available for traders in Muslim majority countries such as UAE, Moroccoo, Malaysia and Indonesia. Accurate as at Ī swap-free account is available for Islamic traders who abide by sharia law meaning they cannot pay or accept a riba (interest). To help you compare pricing, the average spreads shown below are sourced directly from the broker’s websites and are updated monthly.ĭata taken from broker website.
The account also has direct access to 60+ Exchanges, 400+ buy/sell firms, and 150+ financial service providers to achieve tight spreads for traders.Īs shown below, Pepperstone’s Razor account provides tight spreads for most major currency pairs like the EUR/USD or GBP/USD The razor account achieves this through straight-through processing (STP) of orders with no dealing desk. In our 2022 analysis, the leading ECN broker found the Pepperstone razor account has one of the lowest spreads. If you are using the cTrader or TradingView trading platforms then you will pay USD $6.00 for each lot round-turn converted to your base currency. If you are trading with MetaTrader 4 or 5 then you will pay USD 7.00 (USD 3.50 side-ways) for each standard lot you trade. To keep the spreads low, a commission is paid in place of the broker widening the spreads. Some traders refer to this as ECN pricing as prices are in line with the market. This account uses straight through processing (STP) so you can receive the spreads set by the liquidity providers. Scalping, hedging and automated trading with expert advisors is permitted and you can trade with mini, micro and standard lots. Pepperstone gives you a lot of flexibility when it comes to trading styles.
Razor account – Raw spreads account plus commission (designed for advanced traders).Standard account – No commission forex account (designed for beginner traders).
Pepperstone Spreads And Fees – Strength 1