Best for: Algo Traders • Scalpers • Forex
CFDs and Spread Bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.1% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how they work and whether you can afford to take the high risk of losing your money.
Pepperstone has established itself as one of the world's leading forex and CFD brokers. Founded in 2010 in Melbourne, it processes billions of dollars in trades daily.
The standout feature of Pepperstone is its commitment to speed. With servers located in Equinix data centers (NY4), slippage is minimal. For traders who use automated strategies (EAs) or copy trading, this infrastructure is critical.
Traders can choose between the Standard Account (no commissions, spreads from 1.0 pip) and the Razor Account (commissions apply, spreads from 0.0 pips). The Razor account is widely considered one of the most competitive globally for active traders.
Both are ways to trade price movements without owning the underlying asset. Both use leverage (so you can win or lose big with a small deposit). The main difference is how they are structured:
Which is better? Spread Betting is often cheaper for UK traders due to the tax benefit. CFDs are the global standard and often have more professional platforms (Direct Market Access).
With execution speeds under 30ms and deep liquidity, Pepperstone is purpose-built for high-frequency strategies.
Full support for Expert Advisors (EAs) on MT4/5 and cBots on cTrader, plus API access for custom solutions.
The Razor account offers some of the tightest spreads in the industry, ideal for keeping trading costs low.
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