What account types are available with Pepperstone?
We offer one spread betting account, and two CFD accounts – Standard and Razor. All of them can be accessed via our in-house platform and app, or via our seamless integrations with leading third-party technology.
While spread betting and CFDs are very similar, there are some key differences to understand.
3In the UK, spread betting profits are exempt from capital gains tax. Please be aware that tax treatment depends on your individual circumstances and tax law may be subject to change.
At a glance: Compare our account types
Account type | Spread betting | CFD trading (Standard) | CFD trading (Razor) |
|---|---|---|---|
What is it? | Placing a monetary stake per point of movement in a financial market. | Trading the price difference between the opening and closing of a contract. | Trading the price difference between the opening and closing of a contract. |
Is this account leveraged? | Yes, a spread betting account is leveraged. | Yes, a Standard CFD trading account is leveraged. | Yes, a Razor CFD trading account is leveraged. |
Do I pay tax on any profit I make? | No, you won’t pay capital gains tax (CGT) or stamp duty.3 | You won’t pay stamp duty, but you’ll need to pay capital gains tax (CGT). However, losses can be offset as a tax deduction for CGT.3 | You won’t pay stamp duty, but you’ll need to pay capital gains tax (CGT). However, losses can be offset as a tax deduction for CGT.3 |
Which markets can I trade? | 1350+ markets including shares, indices, forex, commodities and more. | 1350+ markets including shares, indices, forex, commodities and more. | 1350+ markets including shares, indices, forex, commodities and more. |
Suitable for hedging? | Yes | Yes | Yes |
Which platforms are available? | Pepperstone’s webtrader platform and mobile app, MT4, MT5, cTrader and TradingView. | Pepperstone’s webtrader platform and mobile app, MT4, MT5, and cTrader. | Pepperstone’s webtrader platform and mobile app, MT4, MT5, cTrader and TradingView. |
What are the risks? | Spread betting is leveraged, so you put up a percentage of the deal size to open a position. Your profit or loss will be based on the full position size, so your profits or losses will be amplified. Managing your risk is key. | CFD trading is leveraged, so you put up a percentage of the trade size to open a position. Your profit or loss will be based on the full position size, so your profits or losses will be amplified. Managing your risk is key. | CFD trading is leveraged, so you put up a percentage of the trade size to open a position. Your profit or loss will be based on the full position size, so your profits or losses will be amplified. Managing your risk is key. |
What is the minimum funding amount? | £10 | £10 | £10 |
3In the UK, spread betting profits are exempt from capital gains tax. Please be aware that tax treatment depends on your individual circumstances and tax law may be subject to change.
What are the costs?
Spread betting | CFD trading (Standard) | CFD trading (Razor) | |
|---|---|---|---|
Spreads and commission5 | You’ll pay a spread on all markets, wrapped around the market price, along with overnight fees on spot trading (no overnight fees on forwards). There’s no commission to pay. | Variable spreads on FX, indices and commodities, starting from just 0.4 points on the US500. No commission except on shares, starting at just 0.1% per side on UK share CFDs. | FX commission is from £2.25 per standard lot, per side. Spreads are raw (from 0.0 points). All other markets are charged in the same way as a Standard account. |
Overnight funding (swap rate) | Market rate (latest rates displayed on the platform) | Market rate (latest rates displayed on the platform) | Market rate (latest rates displayed on the platform) |
Admin charges/market data fees/anything else | None | None | None |
5 If you trade 0.01 lots on our Razor account, please note that commission will round up to £0.023 per 0.01 lot. MetaTrader 4 commission is calculated for both sides of the transaction upfront and then charged upon opening the trade.
You can find a full breakdown of our costs and charges here.
How many instruments can I trade on each account?
You can trade a wide range of instruments on any of our accounts:
Spread betting | CFD (Standard) | CFD (Razor) | |
|---|---|---|---|
Total number of instruments | 1432 | 1444 | 1444 |
Forex | 91 | 93 | 93 |
Indices | 26 | 26 | 26 |
Commodities | 40 | 40 | 40 |
Shares | 1162 | 1162 | 1162 |
ETFs | 95 | 95 | 95 |
Number of markets can vary. Data was sourced on 12 March 2025
Pepperstone trading account FAQs
1 Other fees and charges may apply.
2 Data for the Pepperstone Group, correct as at Feb 2025
3 In the UK, spread betting profits are exempt from capital gains tax. Please be aware that tax treatment depends on your individual circumstances and tax law may be subject to change.
4 Voted ‘best CFD and Spread Betting provider for overall customer satisfaction’ at the Investment Trends 2024 UK Leverage Trading Report.
5 If you trade 0.01 lots on our Razor account, please note that commission will round up to £0.023 per 0.01 lot. MetaTrader 4 commission is calculated for both sides of the transaction upfront and then charged upon opening the trade.
6 If the market moves quickly or gaps, you may be stopped out at a worse level than the one you requested. This is known as slippage.