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Pepperstone Razor vs Standard account — which is cheaper in 2026?

CostsLast verified 2026-05-25Reviewed by editorial team

How this answer was verified

  • Cross-checked against broker-published fact sheets, regulator licensing databases, and ESMA product intervention notices.
  • Reviewed by the FX-Brokers Asia editorial desk (Markets, Platforms, Regulation). Desk structure disclosed at /about/editorial-desks.
  • Refreshed quarterly. The most recent verification date is shown above. Read our methodology.

Broker mentioned in this answer

Pepperstone logo

Pepperstone

9.4/10

Pepperstone serves EU clients through its CySEC-regulated entity (part of a group also licensed by BaFin, the FCA and ASIC), offering razor-sharp spreads, zero minimum deposit, and excellent execution across MT4, MT5, cTrader, and TradingView.

Visit BrokerBaFin · CySEC · FCA · ASIC

80% of retail CFD accounts lose money.

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Related

Broker review: Pepperstone

Pepperstone serves EU clients through its CySEC-regulated entity (part of a group also licensed by BaFin, the FCA and ASIC), offering razor-sharp spreads, zero minimum deposit, and excellent execution across MT4, MT5, cTrader, and TradingView.

Standard vs Raw Spread account — which should I choose?

Choose a Raw Spread account if you trade more than 5 standard lots per month or use automated strategies. Choose a Standard account if you trade occasionally or prefer a single all-inclusive cost number. Raw accounts cost less per trade above that volume threshold; Standard accounts are simpler below it.

Which broker has the lowest EUR/USD spread in Europe?

For raw-spread accounts available to EU clients, Pepperstone Razor quotes 0.0 pip EUR/USD. After commission, Tickmill Raw is among the cheapest at $6 round-turn. Commission-free accounts start around 0.5 pips (Trade Nation's fixed spread on TN Trader during 07:00-21:59 GMT+1; Admirals Trade from 0.5). All EU picks are quoted under EU-regulated entities with full ESMA protections; Exness offers comparable raw pricing globally but does not onboard EU residents.

Is Pepperstone a safe broker?

Yes, Pepperstone is one of the safest forex brokers globally. It holds licenses from BaFin (Germany), FCA (UK), CySEC (Cyprus), and ASIC (Australia) — four tier-1 regulators. Client funds are segregated at tier-one banks, and EU clients are covered by ICF compensation up to EUR 20,000.

Pepperstone vs Exness — which is better?

For EU, EEA and UK traders the comparison is settled by availability: Pepperstone onboards them under CySEC/FCA regulation (EU/EEA via CySEC, UK via FCA), while Exness closed onboarding to those residents in 2019. Outside the EU/UK, both are top-tier ECN brokers with 0.0-pip raw spreads — Exness adds instant 24/7 withdrawals and more account types, Pepperstone keeps a zero minimum deposit and stronger multi-regulator coverage.

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