Pepperstone Tightens Spreads On Major Forex Pairs

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William Berg
Securities Law Expert
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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James Barra
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Tobias Robinson
CEO and Head of Broker Testing Panel
Tobias is the CEO of DayTrading.com, an active investor, and a brokerage expert. He has over 30 years of experience in financial services, including supervising the reviews of more than 500 trading brokers, and contributing via CySEC to the regulatory response to digital options and CFD trading in Europe. Tobias' expertise make him a trusted voice in the industry, where he's been quoted in various financial organizations and outlets, including the Nasdaq.
Updated

Published on: May 12, 2021

ASIC-regulated forex and CFD broker, Pepperstone, has tightened spreads across major forex pairs on the Standard account. The online broker has also cut spreads on its Razor account. The move will be welcome news to active forex traders who could see a reduction in costs and an improvement in profit margins.

New Forex Spreads

Standard account holders will find reduced spreads from 0.6 pips across the following FX pairs:

  • AUD/USD – 0.85 average
  • EUR/USD – 0.75 average
  • GBP/USD – 1.18 average
  • USD/CAD – 1.01 average
  • USD/CHF – 1.12 average
  • USD/JPY – 0.73 average

Razor account holders will also see a fall in forex spreads:

  • AUD/USD – 0.17 average
  • EUR/USD – 0.09 average
  • GBP/USD – 0.38 average
  • USD/CAD – 0.27 average
  • USD/CHF – 0.35 average
  • USD/JPY – 0.19 average

Forex Trading At Pepperstone

Pepperstone is a popular choice among active forex traders. Over 60 currencies are offered alongside top-tier liquidity and rapid executions. Leverage up to 1:30 is available and clients are free to use stop losses with no restrictions.

Pepperstone forex trading

Pepperstone guarantees no partial executions or requotes with a 99.88% fill rate. There is also no dealer desk intervention. Customer support for FX traders is available 24/5 and 18 hours a day on weekends.

Clients of Pepperstone can analyse the forex market using MetaTrader 4, MetaTrader 5, or cTrader. Each terminal is available on desktop and mobile devices and comes with sophisticated pattern recognition tools, automated trading functionality and advanced technical analysis features.

Pepperstone is already a big name in the forex trading space, holding licenses with major regulators around the world, including ASIC, CySEC, CMA, BaFin, FCA, DFSA and SCB. Unsurprisingly, its latest reduction in spreads across major pairs will be welcomed by many active investors looking to improve returns.

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Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 830,000 clients worldwide. It offers access to 1,400+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 75-95% of retail investor accounts lose money when trading CFDs.