3 minute read
Does Pepperstone Have Commission?
from Pepperstone compare
by Jone Eva
When choosing a forex or CFD broker, understanding how fees are structured is crucial. One of the most common questions new traders ask is:Does Pepperstone have commission?
In this article, we’ll break down Pepperstone’s commission policy, which account types it affects, and whether it benefits your trading style.
Does Pepperstone Have Commission? Yes—But Only on Razor Accounts
Pepperstone offers two main account types, each with a different fee model:
🔹 Razor Account (Commission + Raw Spread)
Commission is charged per trade
Spreads start from 0.0 pips
Best for scalpers, day traders, and algorithmic trading
🔹 Standard Account (Spread-Only, No Commission)
No additional commission is charged
Spreads start from 1.0 pip
Ideal for new traders and those who prefer simplicity
So yes, Pepperstone does charge commission, but only on Razor accounts to provide access to institutional-level spreads.
How Much Commission Does Pepperstone Charge?
The commission varies by platform:
PlatformCommission (per lot per side)Round Turn (per lot)MT4 / MT5$3.50 USD$7.00 USDcTrader$3.00 USD$6.00 USD
💡 One “lot” = 100,000 units of base currency. You’ll pay less if you trade micro (0.01) or mini (0.1) lots.
When Is Commission Charged?
Pepperstone charges commission when you open and close a trade on a Razor account. Here's how it works:
Open a 1-lot EUR/USD position → $3.50
Close that same position → $3.50
Total = $7.00 per round-turn
This model gives you access to raw spreads, often starting from 0.0 pips, which is ideal for high-frequency and cost-sensitive strategies.
Why Commission Isn’t a Bad Thing
Paying commission might seem like a drawback at first, but it can actually reduce your total trading cost, especially on frequently traded pairs like:
EUR/USD
GBP/USD
USD/JPY
With the Razor account:
You get ultra-tight spreads, which improves trade execution
You pay transparent, fixed commission with no hidden fees
You can predict your total cost per trade more easily than with spread-only brokers
How to Choose the Right Account Based on Commission
Trader TypeBest AccountReasonBeginnerStandardNo commission, easy to understandScalper/Day TraderRazorLow spreads, precision entry/exitEA/Algo TraderRazor (MT4/cTrader)Better control of execution costsSwing TraderEitherChoose based on average holding time
Other Pepperstone Fees to Know About
❌ No deposit fees
❌ No withdrawal fees (except for international wires)
❌ No inactivity fees
✅ Overnight swap/rollover fees apply to open positions
You only pay for what you trade—no surprise deductions.
Final Verdict: Does Pepperstone Have Commission? Yes—Only Where It Makes Sense
Pepperstone gives traders the choice: pay commission for raw spread trading (Razor) or choose zero-commission trading with a wider spread (Standard).
This level of pricing flexibility makes Pepperstone one of the most transparent and trader-friendly brokers on the market.
💼 Ready to trade with either raw spreads or commission-free simplicity?👉 Join Pepperstone today and select the account that fits your trading strategy best.
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