Pepperstone's revenue explained
These are the direct costs you pay when you trade with us. We focus on reliability and clarity, no hidden mark-ups or surprises.
Spreads
Spreads are the difference between the bid (sell) and ask (buy) price of a tradable market. They’re built around the current market price of an asset and vary depending on market conditions. We charge spreads as part of the price you trade at, so you can see it clearly at the point of execution. On our Razor account, you can enjoy raw spreads from 0.0 points1 on margin FX.
Example
If the underlying market (mid) price for EUR/USD is 1.13500 and the spread is 0.5 points, the prices shown on the platform would be:
Sell (bid) price: 1.134975
Buy (ask) price: 1.135025
The spread is built into these prices and represents the cost of entering the trade. You’ll always buy slightly above the market price and sell slightly below it.
Commission
Commission is a fixed fee you pay to execute a trade, depending on your account type and the asset. On both our Standard and Razor accounts, you’ll pay commission when trading CFDs on shares, ranging from 0.07% to 0.20% per side. When trading margin FX and Spot Gold (XAU/USD) CFDs on a Razor account, you’ll also pay fixed commissions from $3.50 per lot, per side.
Overnight funding (swap rates)
Swap rates are the industry-standard interest rates you pay or earn when you hold a position overnight. If you keep a trade open past 5pm New York time, an adjustment is made to reflect the cost of rolling your position to the next trading day. The exact amount depends on the asset, interest-rate benchmarks, and other market factors.
Commission
Commission is a fixed fee you pay to execute a trade, depending on your account type and the asset. On both our Standard and Razor accounts, you’ll pay commission when trading CFDs on shares, ranging from 0.07% to 0.20% per side. When trading margin FX and Spot Gold (XAU/USD) CFDs on a Razor account, you’ll also pay fixed commissions from $3.50 per lot, per side.
Overnight funding (swap rates)
Swap rates are the industry-standard interest rates you pay or earn when you hold a position overnight. If you keep a trade open past 5pm New York time, an adjustment is made to reflect the cost of rolling your position to the next trading day. The exact amount depends on the asset, interest-rate benchmarks, and other market factors.
Overnight funding (swap rates)
Swap rates are the industry-standard interest rates you pay or earn when you hold a position overnight. If you keep a trade open past 5pm New York time, an adjustment is made to reflect the cost of rolling your position to the next trading day. The exact amount depends on the asset, interest-rate benchmarks, and other market factors.
Commission
Commission is a fixed fee you pay to execute a trade, depending on your account type and the asset. On both our Standard and Razor accounts, you’ll pay commission when trading CFDs on shares, ranging from 0.07% to 0.20% per side. When trading margin FX and Spot Gold (XAU/USD) CFDs on a Razor account, you’ll also pay fixed commissions from $3.50 per lot, per side.
Why our pricing model works for you
Built to support confident and competitive trading you can trust.
Transparent fees
You can plan and execute your trading strategy with confidence. No surprises or hidden charges.
Cost-efficient trading
Our tight spreads backed by fast execution speed give you seamless access to global markets.
Aligned interests
It is your trading activity and satisfaction that drive our success.
Transparent fees
You can plan and execute your trading strategy with confidence. No surprises or hidden charges.
Cost-efficient trading
Our tight spreads backed by fast execution speed give you seamless access to global markets.
Aligned interests
It is your trading activity and satisfaction that drive our success.
Transparent fees
You can plan and execute your trading strategy with confidence. No surprises or hidden charges.
Cost-efficient trading
Our tight spreads backed by fast execution speed give you seamless access to global markets.
Aligned interests
It is your trading activity and satisfaction that drive our success.
Transparent fees
You can plan and execute your trading strategy with confidence. No surprises or hidden charges.
Cost-efficient trading
Our tight spreads backed by fast execution speed give you seamless access to global markets.
Aligned interests
It is your trading activity and satisfaction that drive our success.
How we help protect your account and funds
We use safeguards designed to help protect your account and funds. These safeguards do not protect you from trading losses. CFDs are high risk.
Segregated client funds
Retail client funds are held separately from Pepperstone’s own funds with tier-one banks. This is designed to help protect your funds. It does not cover trading losses.
Risk-management tools
We provide tools like stop-losses and take-profits, to help manage risk, though they do not guarantee the prevention of losses.
Licensing and regulation
Pepperstone Group Limited is licensed by ASIC (AFSL 414530). Licensing sets rules we must follow on client money and conduct. It does not reduce the risk of trading.
Data encryption
We use 256-bit SSL encryption and hold ISO 27001 certification, designed to help protect your data.
Segregated client funds
Retail client funds are held separately from Pepperstone’s own funds with tier-one banks. This is designed to help protect your funds. It does not cover trading losses.
Risk-management tools
We provide tools like stop-losses and take-profits, to help manage risk, though they do not guarantee the prevention of losses.
Licensing and regulation
Pepperstone Group Limited is licensed by ASIC (AFSL 414530). Licensing sets rules we must follow on client money and conduct. It does not reduce the risk of trading.
Data encryption
We use 256-bit SSL encryption and hold ISO 27001 certification, designed to help protect your data.
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1 Commission fee applies to margin FX.
2 Data for the Pepperstone Group, correct as of 1 March 2026.