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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 EU editorial desks (Markets, Platforms, Regulation). Desk structure disclosed at /about/editorial-desks.
  • Refreshed quarterly. The most recent verification date is shown above. Read our methodology.

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Broker review: Pepperstone

Pepperstone is a BaFin-regulated broker 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, Exness Pro and Pepperstone Razor both quote 0.0 pip EUR/USD. After commission, Tickmill Pro is cheapest at $6 round-turn. Standard (commission-free) account winner: IC Markets True ECN at 0.1 pip. All quoted under EU-regulated entities with full ESMA protections.

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?

Pepperstone and Exness are both top-tier ECN brokers with 0.0 pip raw spreads. Pepperstone wins on regulation (BaFin vs CySEC) and has zero minimum deposit. Exness wins on execution speed, instant 24/7 withdrawals, and more flexible account types. For most EU active traders, Exness edges ahead on the total trader experience.