Pepperstone Spread. Does Pepperstone have tight spreads?
When searching for the best platforms to trade forex and other financial products, there are plenty of things to consider. For instance, they all have their own unique fees, tools, spread, and more. For instance, Pepperstone is a popular trading platform that many people enjoy using for an array of reasons. Here is a closer look at the platform’s relationship with tight spreads.
Pepperstone Spread Review
Pepperstone offers a variety of spreads such as:
Variable and Fixed Spreads
This is one of the top, most commonly used spreads and is especially good for those using a commission-free model.
Professional Account Spreads
On the other hand, those who can meet a specific criteria when using Pepperstone may be able to access a Pepperstone Business Account. This account enables investors to receive discounts on certain spreads and commissions.
Either way, once you undergo the professional account verification process, you may also receive a VPS. Using a VPS makes it possible to ensure they’re executed as quickly as possible and that the process is free of technical issues and delays. This account also aids users in Accessing the Pepperstone Active Trader Program. Using this program makes it possible to earn rebates based on the amount being traded.
Spread on instruments
On the other hand; account spreads depend on what Pepperstone assets you trade. Either way, due to the high volume of trades on the platform, the spread of instruments using Pepperstone is often very competitive. Therefore, this is an example of one spread that can be one of the top spreads in the industry. It starts at 0 pips on Razor accounts. Additionally, they are highly transparent and assert that there are no markups or requotes of any kind.
Spread on accounts
| Standard | Razor | |
|---|---|---|
| EUR/USD Spreads | From 0.6 pips | From 0.0 pips |
| Commission | None | From $3.50 per side |
| Ideal For | New Traders | Experienced Traders |
Pepperstone Professional Account Spreads
If you are considering upgrading your Pepperstone account to a professional one, some of the benefits are as follows:
Join the Referral Program: By signing up for the professional account, you can earn money simply by referring others to the platform. In particular, when you refer friends, you each become eligible to earn up to USD$1,000.
Boost Your Leverage: Switching to a professional account also allows access to higher leverage, up to 500:1 for most FX products.
Discounts: You will also have the opportunity to earn discounted commissions. These discounts may be refunded daily for those in “Pepperstone's Active Trader" program.
Get a Relationship Manager: By signing up for the professional account, you will gain access to a dedicated Relationship Manager who will help facilitate all of your trading needs.
VIP Events: Lastly, upgrading to a pro account makes it possible to receive exclusive invitations to VIP premium seminars, Forex events, workshops, sporting events, private dining experiences, and more.
Pepperstone Islamic Account Spreads
On the other hand, the benefits of switching to a Pepperstone Islamic Spreads Accounts are provided by brokers who serve Middle Eastern clients as well as clients from other jurisdictions. This type of account offers various features that coincide with the Sharia law. This prevents the accrual of interest on the funds deposited into the account.
Additionally, Islamic Accounts must settle transactions immediately. This means this type of account requires currencies to be transferred from one account to the other right after the transaction has been completed.
Is Forex Trading Halal or Haram? - Halal Investment GuideComparison of Pepperstone spreads with offers from other brokers
| Forex | Pepperstone | Admiral Markets | ICMarkets |
|---|---|---|---|
| EURUSD | 0.77 | 0.00006 | 0.62 |
| USDJPY | 0.86 | 0.01 | 0.74 |
| GBPUSD | 1.19 | 0.0001 | 0.83 |
Pepperstone Spreads In Summary
Overall, Pepperstone offers a wide array of spreads, including tight spreads. In fact, the platform is known for having some of the best, tightest spreads in the sector. Therefore, those who have trading goals that align with such spreads may want to consider using the platform to invest.
FAQ
How long can you keep a demo account?
Demo accounts typically last 30 days. However, those who have live-funded accounts can request a non-expiry.
Does Pepperstone offer MAMs (Multi-account managers) and PAMMs (Percentage Allocation Management Modules)?
Yes, Pepperstone offers MAMs and PAMMs as a part of their Pepperstone Partners Program.
Is it possible to change the leverage of a Trading account?
Yes, those with professional accounts can possibly gain access to higher leverage. However, this is on a case-by-case, and investors must reach out to the company to apply for these benefits.
How do I close my account?
If you want to close your account, you can contact Pepperstone customer support and they will assist you in closing your account.
Team that worked on the article
Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform. Andrey focuses on educating readers about the potential rewards and risks involved in trading financial markets.
He firmly believes that passive investing is a more suitable strategy for most individuals. Andrey's conservative approach and focus on risk management resonate with many readers, making him a trusted source of financial information.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.