Either they don't charge brokerage fees or they charge a low price for other brokers' services. This means that you can use Pepperstone anytime, several times a week or daily, even if you don't trade frequently. At midnight, one-day rates at Pepperstone are set taking into account the regional interest rates of the product on which they are based, plus (or minus) the fixed charge of 2.5%. With Pepperstone, you have one of the largest ranges of social trading tools to choose from among all the online brokers.
Pepperstone may have additional trading fees, such as overnight fees, swap fees, or rollover fees for trading positions available for more than one day. In Pepperstone Razor accounts, fees are added as a trading fee, since you will be trading with interbank spread quotes starting at 0 pips. Pepperstone does not include the costs of installing and using Autochartist, however, Autochartist may charge you for using its service. Using cTrader Automate with Pepperstone is free, however, cTrader may have fees on your side.
Low spreads are determined by third-party liquidity providers, and Pepperstone charges a commission rather than increasing the spread. If you have more than 10 units of currency in 10 of your real accounts, you can have up to 100 Pepperstone accounts. Below are the fees, spreads and fees that you can expect to see in Pepperstone's list of spreads when trading with the company. You can call the Pepperstone support team to see if margin betting is allowed and what the fees for margin betting would be.
As mentioned, instead of expanding spreads, Razor account holders trade with low spreads and, at the same time, compensate Pepperstone for its brokerage services through a commission. Pepperstone Markets Limited is headquartered at Sea Sky Lane, B201, Sandyport, Nassau, New Providence (Bahamas), and is authorized and regulated by the Bahamas Securities Commission (SIA-F21). With Pepperstone you can trade CFDs from hundreds of the top companies listed on the New York Stock Exchange, ASX, LSE and XETRA. Pepperstone GmbH is also authorized by the Federal Financial Supervisory Authority (BaFin) and is regulated in Mauritius.