Pepperstone accounts comparison and the guidelines of account opening selection

Pepperstone has 2 accounts to choose form which are:

  1. Standard
  2. Razor

Pepperstone Trading Account Types

The average Spread of each account

Spread forex pepperstone

When Commission and Spread are put together, we found that Razor account have a lower cost of trading.

Delve into Pepperstone account

Account Types

Razor Account

Description

  • Minimum deposit: 200 USD
  • Commission (depending on the selected currency)
  • Directly sends orders to the market.
  • Commission 0.01 lot : AUD 0.08 per round / USD 0.08 per round
  • Commission 1.00 lot : AUD 7 per round / USD 7 per round

Commission table

Razor commissions

Advantages

  • Suitable for Scalper (Somebody who is trading and earns a small amount of profit)
  • The average Spread EURUSD: 0.0 – 0.3 pip
  • Fast Server (No-delay). ST and TP can be submitted quickly. 
  • Recommended

Standard Account

Description

  • Minimum deposit: 200 USD
  • No Commission
  • Directly sends orders to the market.

Advantages

  • Suitable for the beginners
  • The average Spread EURUSD: 1.0 – 1.3 pip
  • Fast server (No-delay). ST and TP can be submitted quickly.

Disadvantage

  • If compared to a Razor account (Spread + Commission), we found that Razor account has a lower cost of trading.  

Summary of PEPPERSTONE

Razor account is recommended because of low Spread and low Commission a, as well as quick opening/ closing of order. It is suitable for both short term and long term traders. 

Tips : Choose AUD as base currency in order to get a lower Commission

Reference

Writer : Yoda Yoshida

  • Position : Editor
  • Biography : Former waiter to professional traders
  • Experience : 20 years in the Forex industry
  • Goal : To select the best broker for traders.
  • Short greetings : Some things take time to grow.
  • Full biography of the writer, Click >

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