What are the different types of accounts on Pepperstone?

Pepperstone offers multiple live account types to suit a wide range of traders—from complete beginners to high‑frequency professionals. All accounts provide access to the same markets, platforms (MT4, MT5, cTrader), and regulatory protections; they differ in cost structure, minimum deposit, and ideal use case. Below is an overview of each account type.

Explore all Pepperstone account types and open your preferred one

1. Standard Account

• Pricing: Spread‑only, no commission.

• Spreads: From ~1.0 pip on EUR/USD.

• Minimum Deposit: £0 / $0 (you choose how much to fund).

• Leverage: Up to 1:500 (region dependent).

• Best For: Beginners, swing traders, part‑time traders who prefer simplicity.

2. Razor Account

• Pricing: Raw spreads + commission.

• Spreads: From 0.0 pips on majors.

• Commission: USD 3.50 per side per standard lot on MT4/MT5; USD 6 round‑turn on cTrader.

• Minimum Deposit: USD 200 recommended.

• Leverage: Up to 1:500 (region dependent).

• Best For: Scalpers, day traders, algorithmic traders seeking lowest all‑in costs.

3. Swap‑Free (Islamic) Accounts

• Structure: Available as Standard or Razor with swap fees removed.

• Compliance: Meets Shariah requirements by applying administration fees instead of interest.

• Eligibility: Muslim traders who request via support.

• Best For: Traders requiring Shariah‑compliant conditions.

4. Spread Betting Account (UK & Ireland only)

• Pricing: Spread‑only, no commission.

• Tax Treatment: Profits generally free from UK Capital Gains Tax and stamp duty.

• Spreads: Similar to Standard Account (e.g. EUR/USD ~0.6 pips).

• Minimum Deposit: £0.

• Best For: UK/Irish residents seeking tax‑efficient speculation.

5. VIP Account

• Pricing: Custom raw spreads + bespoke commission rates.

• Minimum Deposit: From USD 50,000.

• Dedicated Support: Priority account manager and faster processing.

• Additional Perks: Volume rebates, tailored execution.

• Best For: Institutional clients and high‑net‑worth traders with large volumes.

6. Demo Account

• Purpose: Practice with virtual funds in real market conditions.

• Duration: No time limit.

• Best For: Testing strategies, learning platforms, and experimenting with leverage before going live.

Each account type can be opened in minutes from your Personal Area. You can hold multiple account types simultaneously and switch between them as your strategy evolves.

Open your Pepperstone account today and choose the account that fits your trading style