Pepperstone Standard vs Razor account

One pip on one standard lot of EUR/USD is worth about $10. So:

• Standard: cost per lot = the spread you actually get, in pips, × $10.
• Razor: cost per lot = the raw spread in pips × $10 + the round-turn commission (twice the per-side figure).

If the Standard spread you see is wider than the Razor spread by more than the commission in pips, Razor is cheaper. Use the live spreads in your Pepperstone platform, not the "from" figures, and check with the cost per lot calculator.

• Standard: traders who place few trades and want one simple cost.
• Razor: traders who place many trades or trade larger sizes, where the tighter spread usually outweighs the commission.

Both accounts sit with the same Pepperstone company for your country, so your protection is the same on either.

Which Pepperstone company opens your account depends on where you live. If you live in the EU, the UK, Australia, South Africa, Kenya, the UAE or Qatar, our link only goes to a Pepperstone entity licensed for your country, and where there is none we show no link. We show no sign-up links at all in India and in other countries where promoting offshore brokers is not allowed. Check each licence on the regulator's register before you deposit.

Pepperstone publishes that 73.6% of its retail CFD accounts lose money. Before you choose, put Pepperstone next to its closest rivals: Pepperstone vs Axi, Pepperstone vs Capital.com, Pepperstone vs Admirals. Our country pages list Pepperstone for the UAE, the United Kingdom, Germany, France, Italy.