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Pepperstone Spreads: Forex, Razor & Standard Account

If you're looking for a reliable and reputable forex broker, then Pepperstone should be at the top of your list. Not only do they offer some of the best spreads in the industry, but they also provide an assortment of trading tools and resources to help you succeed as a trader. In this blog post, we will take a closer look at the different types of spreads that are offered by Pepperstone, so that you can make an informed decision about which account is right for you.

What is a Spread?

In the world of forex trading, the term "spread" refers to the difference between the bid and ask price of a currency pair. The bid price is the price at which you can sell a currency, while the ask price is the price at which you can buy a currency. The spread is the difference between the ask price and the bid of a currency pair, and is generally measured in pips.

Pepperstone offers two types of spreads: variable and fixed. Variable spreads are dynamic and constantly change throughout the day based on market conditions. Fixed spreads, on the other hand, remain constant regardless of market conditions. To learn more about Pepperstone, simply read our Pepperstone forex broker review.

Pepperstone Spreads Examples

Pepperstone offers a wide range of spreads, from as low as 0.0 pips on the Razor account to as high as 1.0 pip on the Standard account. Here are a few examples of Pepperstone's current spreads:


Forex is the world's most traded market, with a daily turnover of more than $5 trillion. It is also one of the most volatile markets, which means that changes in the value of currencies can happen very rapidly.

Pepperstone offers three types of accounts for forex trading: Standard, Razor, and Swap-Free. The Standard account has a spread starting at 1.0 pip, while the Razor account has a spread starting at 0.0 pips. The Swap-Free account is designed for traders who are unable to trade on weekends due to religious reasons and has a spread starting at 0.5 pip.


An index is a basket of securities that represent a particular market or sector. For example, the S&P 500 is an index that tracks the performance of 500 large-cap US companies.


A commodity is a physical good that is traded on an exchange. Common examples of commodities include Pepperstone gold spread, crude oil, and silver.


A share is a unit of ownership in a company. When you buy shares in a company, you become a shareholder and are entitled to a portion of the company's profits (or losses).


A CFD, or contract for difference, is a type of derivative that allows you to speculate on the price movement of an asset without actually owning the asset.


An ETF, or exchange-traded fund, is a type of investment fund that tracks the performance of a particular index or basket of assets.

The following are some examples of spreads.

Pepperstone Forex Spreads

Currency pairStandard - minimum spreadStandard - average spreadRazor - minimum spreadRazor - average spread

Pepperstone Indices

IndexMinimum spreadSymbol
UK 100 Index4.0US500
Germany 40 Index0.9US30
US Tech 100 Index1.0NAS100
US Wall Street 30 Index0.9GER40
US 500 Index0.4UK100

Pepperstone Commodities

InstrumentAverage spreadMinimum spread
Natural Gas1.460.5
Spot Brent2.32
Spot Crude2.32
Spot Silver ($)1.090.5
Spot Gold ($)0.130.05

Are Pepperstone Spreads too High?

Pepperstone Razor spreads are very competitive when compared to other forex brokers. But it doesn't mean that they're the lowest in the industry. In fact, there are some brokers who offer spreads as low as 0.0 pips on their Razor account. However, it is advised that you check out the Pepperstone fee for each spread to get a better idea.

Pepperstone Spreads Conclusion

Pepperstone is a reliable and reputable forex broker that offers competitive spreads and a wide range of trading products and resources. If you're looking for a broker that can provide you with tight spreads and a good selection of trading products, then Pepperstone is definitely worth considering. Most importantly, you can benefit from Pepperstone leverage up to 500:1 and a low minimum deposit requirement.

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