Pepperstone Commission or Brokerage Charges – Review, Plans, FAQs & moreLast Updated Date: Apr 27, 2022
Brokerage charges or commissions are an integral part of trading. Whether you are trading currencies or stocks or any other assets, you need a brokerage house.
The fees they charge for rendering the trading and investment facilities are known as brokerage charges or commissions.
In this article, you will read about the Pepperstone Commission in detail. This article will guide you about the different brokerage plans of Pepperstone.
Then it will also have the procedure for opening a trading account with the broker.
Moreover, there will be different common queries about commission which will be answered at the end of this article as well.
Pepperstone Commission or Brokerage Charges
Before understanding the Pepperstone Commission plans and other aspects, let us have a brief idea about this brokerage house.
So, Pepperstone started its journey in the year 2010 and it was founded by Tamas Szabo. At present, it is a privately held company with an employee strength of 200 and above.
It has its headquarters in Australia. The brokerage house is regulated by multiple organizations like ASIC, CySEC, FCA, BaFin, DFSA, and SCB.
The Pepperstone brokerage plans are as per the types of accounts Pepperstone has.
The commission this brokerage house charges is quite nominal and this helps the traders to increase their profits.
We will discuss each of the brokerage plans in detail in the next section of this article.
Pepperstone fees also depend on the type of asset you are trading. It is different for and currencies and other asset classes.
So, as per the type of investment, volume varies. However, you can avail of great offers and discounts to reduce your brokerage charges as well.
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Types of Pepperstone Commission Plans
|Types of Commission Plans|
|Account Type||SWAP FREE||STANDARD||RAZOR|
|Initial Deposit||AUD 200||its AUD 200||AUD 200|
|Spread||From 1 pip||Starts From 1 pip||From 0 pips|
|Commission||Zero||Zero||From 7 USD per round turn, per 100k|
The Pepperstone Commission is given below as per the types of account the broker has –
The first account type and commission plan are for the Swap Free account. In this account, you can trade any instrument for free.
This means there is no commission that you need to pay for trading the instruments under this account.
While opening this account you need to keep an initial deposit of AUD 200 and then you can enjoy its services.
The exposure is huge that is up to 500 times and even the spread level is comparatively moderate as it starts from 1 pip.
So, for retail traders, this account can be great for trading any asset class.
The second type of commission plan is for the Standard account. For opening this account as well, you need AUD 200.
Then you can start trading. In this account as well, like Swap Free, there is no commission component.
The leverage you can get is up to 500 times, However, in this account, the benefit you get over the Swap-free account is the spread level is lower than that in the swap-free account.
The spread level starts from 0.6 pips.
This account is the account that is suitable for active and daily traders and professional traders.
With this account in place, if you are trading any asset, you need to pay Pepperstone Commission which starts from AUD 7 per round for each 100k traded.
The spread level starts from 0 pips and ends at 0.3 pips which is the best part of this account and commission plan.
So, while on one hand, you need to pay commission for trading using this account, the spread is too low which helps you make higher profits.
Pepperstone Account Opening Process
Now you know about the different Pepperstone brokerage plans. So, if you want to open an account with Pepperstone, then the steps for doing the same is here –
- You need to first click on this tab “open account”
- Then a form will appear on your screen
- You need to fill the form that appears on the screen with all your details as asked on the form
- Once you have duly filled it, submit it
- Then you need to wait for the Pepperstone associates to call you and guide you about the rest of the procedure for opening an account.
- They will ask you to upload the documents like PAN, address proof, identity proof, and others
- You also need to upload bank details for payment and withdrawals
- Once you upload all the documents and details, you again need to wait for verification to be done from their end
- Once Pepperstone verifies the documents and the details, and complete your KYC, then your account will be live
- You can log in using the login credentials you get in your email with the account opening confirmation mail
Pepperstone Payment or Withdrawal Methods
|Deposit Options||Credit Card, Wire Transfer|
|Withdrawal Options||Wire Transfer|
The withdrawal and deposit options are equally important like Pepperstone charges for trading. The payment gateways must be well-secured and highly reliable.
Pepperstone provides multiple gateways for deposit and withdrawal.
You can choose the one that suits you the best.
There is a credit card, wire transfer, and other options which you can use for depositing money into your trading account as well as for withdrawing.
There is no limit for withdrawing or depositing money from your trading account or into it respectively.
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Pepperstone Investment Assets
|Supported Cryptocoins||bitcoin, bitcoin cash, dash, ethereum, litecoin, ripple|
|Total Tradable Assets||180|
|Number Of Currency Pairs||64|
|Number Of Cryptocurrencies||6|
|Number Of Stocks||64|
|Number Of Indices||15|
|Number Of Commodities||17|
|Number Of Futures||N/A|
|Number Of Options||N/A|
|Number Of Bonds||N/A|
|Number Of ETFs||N/A|
If you are wondering why you should trade with Pepperstone or whether their brokerage plans are justifiable or not, then here is an idea about how many asset classes you get to trade and how many instruments are there with Pepperstone for you to diversify your portfolio and reduce your risks and optimize your profits.
It has more than 180 tradable instruments which include 64 currency pairs which you may not get with many other brokers.
Currencies are one of the most crucial parts of Pepperstone. Then there are 6 different cryptocurrencies that you can opt for.
These cryptocurrencies include Bitcoin, Bitcoin Cash, Ethereum, and others.
Then there are around 60+ stocks of different companies from across the globe.
You can trade or invest in any of them.
You need to analyze them properly before you put any money into them. This is not all, there is more you can do with Pepperstone.
You can trade global indices and there are 15 such indices which you can trade and that too for nominal or zero Pepperstone Commission.
There are even commodities that are there and you can trade them.
Pepperstone Commission – Conclusion
To conclude, we can say that Pepperstone being a global brokerage house with so many products and services, has kept its Pepperstone Commission plans very nominal.
The Pepperstone fees are way too low and even it doesn’t charge anything from Swap Free and Standard account holders as well.
If you are a new trader, a Pepperstone standard account can be a good option for you to trade at a very low cost.
Similarly, for professional and active, and algo-traders, opting for the commission plan of the Razor account can be the best option.
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Pepperstone Charges or Fees – FAQs
Here is the list of FAQs related to the Pepperstone brokerage charges or fees:
Does Pepperstone charge a commission?
Yes, Pepperstone charges commission but only from Razor account holders. There is no commission that the Standard or Swap-free account holders need to pay.
They can trade for zero commission.
How much does Pepperstone charge brokerage?
The brokerage charges start from AUD 7 for each round and 100k traded.
This commission is only applicable on the trades if you do them using the Razor account.
This is the minimum brokerage that the Razor account holder needs to pay for trading currencies.
What is the Minimum Deposit required in Pepperstone?
The minimum deposit is AUD 200 across all the three types of accounts that Pepperstone provides.
The initial deposit is the same and this is a very nominal deposit as well. AUD 200 especially for the Razor account holders is quite a nominal deposit if you compare it to the services and products and facilities they get.
How much leverage does Pepperstone provide?
The leverage that Pepperstone account holders get is up to 500 times.
Whether it is a standard account or a Razor or a Swap-free, the maximum leverage/exposure is 500 times. Active traders get the benefit of this huge exposure.
How much is Spread at Pepperstone?
The spread at Pepperstone varies as per the type of account you choose. If you choose the Swap Free account then you need to pay 1 pip and above.
While for a standard account it is 0.6 pips and above and for the Razor account, it is between 0 pips to 0.3 pips.
What type of Commission Plans are available in Pepperstone?
The Pepperstone Commission plans are as per the type of account.
While there is nil or zero commission that you need to pay with Swap Free and standard account, for the Razor account, it starts from AUD 7 for each round of 100k trade.
Does Pepperstone provide Cryptocurrency for Investment?
Yes, there are six cryptocurrencies that are available with Pepperstone and you can trade or invest in them. There are Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and other two coins.
Is Pepperstone a legit Forex Broker?
There are multiple securities commissions like ASIC, BaFin, DFSA, FCA, SCB, and CYSEC which regulate Pepperstone.
It is one of the few brokerage houses that so many securities commissions regulate.
This showcases its legitimacy and reliability.
Can I invest in Pepperstone with $5?
Yes, with a Swap Free account or Standard account, you can trade with $5 as there is no commission in these two accounts.
However, before trading, you need to keep the AUD 200 initial deposit. Moreover, you can only trade with $5 if there is an instrument available at that price.
Are there any hidden charges available with Pepperstone?
No, there are no hidden charges that Pepperstone levies. All the charges whether it’s brokerage or the initial deposit or spread are all out in open.
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