Our leverage is dynamic and may change at any time. Such changes may affect your positions and margin requirements. You are responsible for monitoring your positions and maintaining sufficient margin at all times.Jurisdiction: SeychellesPlatform: cTrader, TradingViewSource: Leverage termsLast verified:
Our leverage is dynamic and may change at any time. Such changes may affect your positions and margin requirements. You are responsible for monitoring your positions and maintaining sufficient margin at all times.Jurisdiction: SeychellesPlatform: MetaTraderSource: Leverage termsLast verified:
Traders can also hedge positions as there is no first in first out (FIFO) rule with IC. Please note that different hedge margin level and settings may be applied to different products and platforms.Jurisdiction: SeychellesPlatform: MetaTraderSource: Hedging termsLast verified:
Our leverage is dynamic and may change at any time. Such changes may affect your positions and margin requirements. You are responsible for monitoring your positions and maintaining sufficient margin at all times.Jurisdiction: SeychellesPlatform: MetaTraderSource: Leverage termsLast verified:
Traders can also hedge positions as there is no first in first out (FIFO) rule with IC. Please note that different hedge margin level and settings may be applied to different products and platforms.Jurisdiction: SeychellesPlatform: MetaTraderSource: Hedging termsLast verified:
RazorJurisdiction: United KingdomPlatform: cTraderSource: Account typeLast verified:
Platform
cTraderJurisdiction: United KingdomPlatform: cTraderSource: PlatformLast verified:
Platform options
Pepperstone’s web platform and mobile app, MT5, MT4 (only for Razor), TradingView (only for Razor) and cTrader.Jurisdiction: United KingdomPlatform: cTraderSource: Platform optionsLast verified:
Funding terms
No minimum deposit for bank wire transfers.Jurisdiction: United KingdomPlatform: cTraderSource: Funding termsLast verified:
Hedging
YesJurisdiction: United KingdomPlatform: cTraderSource: HedgingLast verified:
Instrument count
1444 instrumentsJurisdiction: United KingdomPlatform: cTraderSource: Instrument countLast verified:
cTrader commission is calculated as 6 USD roundtrip per unit for FX and 7 USD round trip per unit for XAU/USD.Jurisdiction: United KingdomPlatform: cTraderSource: Commission termsLast verified:
RazorJurisdiction: United KingdomPlatform: MT4Source: Account typeLast verified:
Platform
MT4Jurisdiction: United KingdomPlatform: MT4Source: PlatformLast verified:
Platform options
Pepperstone’s web platform and mobile app, MT5, MT4 (only for Razor), TradingView (only for Razor) and cTrader.Jurisdiction: United KingdomPlatform: MT4Source: Platform optionsLast verified:
Funding terms
No minimum deposit for bank wire transfers.Jurisdiction: United KingdomPlatform: MT4Source: Funding termsLast verified:
Hedging
YesJurisdiction: United KingdomPlatform: MT4Source: HedgingLast verified:
1:30Instrument: major currency pairsJurisdiction: United KingdomPlatform: MT4Source: Maximum leverageLast verified:
Commission model
spread plus commissionInstrument: FX and Spot GoldJurisdiction: United KingdomPlatform: MT4Source: Commission modelLast verified:
Entity
Pepperstone LimitedJurisdiction: United KingdomPlatform: MT4Source: EntityLast verified:
Jurisdiction
United KingdomJurisdiction: United KingdomPlatform: MT4Source: JurisdictionLast verified:
USD forex commission
USD 7 when position openedInstrument: forexJurisdiction: United KingdomPlatform: MT4Account currency: USDSource: USD forex commissionLast verified:
Commission terms
USD 7 when position openedInstrument: forexJurisdiction: United KingdomPlatform: MT4Account currency: USDSource: Commission termsLast verified:
USD gold commission
USD 7 when position openedInstrument: goldJurisdiction: United KingdomPlatform: MT4Account currency: USDSource: USD gold commissionLast verified:
EUR forex commission
EUR 5.20 when position openedInstrument: forexJurisdiction: United KingdomPlatform: MT4Account currency: EURSource: EUR forex commissionLast verified:
EUR gold commission
EUR 5.20 when position openedInstrument: goldJurisdiction: United KingdomPlatform: MT4Account currency: EURSource: EUR gold commissionLast verified:
GBP forex commission
GBP 4.50 when position openedInstrument: forexJurisdiction: United KingdomPlatform: MT4Account currency: GBPSource: GBP forex commissionLast verified:
GBP gold commission
GBP 4.50 when position openedInstrument: goldJurisdiction: United KingdomPlatform: MT4Account currency: GBPSource: GBP gold commissionLast verified:
AUD forex commission
AUD 7 when position openedInstrument: forexJurisdiction: United KingdomPlatform: MT4Account currency: AUDSource: AUD forex commissionLast verified:
AUD gold commission
AUD 7 when position openedInstrument: goldJurisdiction: United KingdomPlatform: MT4Account currency: AUDSource: AUD gold commissionLast verified:
SGD forex commission
SGD 9.10 when position openedInstrument: forexJurisdiction: United KingdomPlatform: MT4Account currency: SGDSource: SGD forex commissionLast verified:
SGD gold commission
SGD 9.10 when position openedInstrument: goldJurisdiction: United KingdomPlatform: MT4Account currency: SGDSource: SGD gold commissionLast verified:
HKD forex commission
HKD 56.34 when position openedInstrument: forexJurisdiction: United KingdomPlatform: MT4Account currency: HKDSource: HKD forex commissionLast verified:
HKD gold commission
HKD 56.34 when position openedInstrument: goldJurisdiction: United KingdomPlatform: MT4Account currency: HKDSource: HKD gold commissionLast verified:
Commission basis
Commission per 1 lot FX tradeJurisdiction: United KingdomPlatform: MT4Source: Commission basisLast verified:
RazorJurisdiction: United KingdomPlatform: MT5Source: Account typeLast verified:
Platform
MT5Jurisdiction: United KingdomPlatform: MT5Source: PlatformLast verified:
Platform options
Pepperstone’s web platform and mobile app, MT5, MT4 (only for Razor), TradingView (only for Razor) and cTrader.Jurisdiction: United KingdomPlatform: MT5Source: Platform optionsLast verified:
Funding terms
No minimum deposit for bank wire transfers.Jurisdiction: United KingdomPlatform: MT5Source: Funding termsLast verified:
Hedging
YesJurisdiction: United KingdomPlatform: MT5Source: HedgingLast verified:
RazorJurisdiction: United KingdomPlatform: Pepperstone platformSource: Account typeLast verified:
Platform
Pepperstone platformJurisdiction: United KingdomPlatform: Pepperstone platformSource: PlatformLast verified:
Platform options
Pepperstone’s web platform and mobile app, MT5, MT4 (only for Razor), TradingView (only for Razor) and cTrader.Jurisdiction: United KingdomPlatform: Pepperstone platformSource: Platform optionsLast verified:
Funding terms
No minimum deposit for bank wire transfers.Jurisdiction: United KingdomPlatform: Pepperstone platformSource: Funding termsLast verified:
Hedging
YesJurisdiction: United KingdomPlatform: Pepperstone platformSource: HedgingLast verified:
Instrument count
1444 instrumentsJurisdiction: United KingdomPlatform: Pepperstone platformSource: Instrument countLast verified:
Forex pair count
93 pairsJurisdiction: United KingdomPlatform: Pepperstone platformSource: Forex pair countLast verified:
Commission on the Pepperstone platform is calculated as 3.5 USD per 1 standard FX lot per side. If your trading account is not in USD, the amount will be converted at the spot rate in your account currency. Commission on trades lower than 1 lot will be proportionally adjusted.Instrument: forexJurisdiction: United KingdomPlatform: Pepperstone platformSource: Commission termsLast verified:
Commission model
spread plus commissionInstrument: FX and Spot GoldJurisdiction: United KingdomPlatform: Pepperstone platformSource: Commission modelLast verified:
Entity
Pepperstone LimitedJurisdiction: United KingdomPlatform: Pepperstone platformSource: EntityLast verified:
Jurisdiction
United KingdomJurisdiction: United KingdomPlatform: Pepperstone platformSource: JurisdictionLast verified:
RazorJurisdiction: United KingdomPlatform: TradingViewSource: Account typeLast verified:
Platform
TradingViewJurisdiction: United KingdomPlatform: TradingViewSource: PlatformLast verified:
Platform options
Pepperstone’s web platform and mobile app, MT5, MT4 (only for Razor), TradingView (only for Razor) and cTrader.Jurisdiction: United KingdomPlatform: TradingViewSource: Platform optionsLast verified:
Funding terms
No minimum deposit for bank wire transfers.Jurisdiction: United KingdomPlatform: TradingViewSource: Funding termsLast verified:
Hedging
YesJurisdiction: United KingdomPlatform: TradingViewSource: HedgingLast verified:
Instrument count
1444 instrumentsJurisdiction: United KingdomPlatform: TradingViewSource: Instrument countLast verified:
TradingView commission is calculated as 7 USD roundtrip fixed per unit.Jurisdiction: United KingdomPlatform: TradingViewSource: Commission termsLast verified:
StandardJurisdiction: United KingdomPlatform: cTraderSource: Account typeLast verified:
Platform
cTraderJurisdiction: United KingdomPlatform: cTraderSource: PlatformLast verified:
Platform options
Pepperstone’s web platform and mobile app, MT5, MT4 (only for Razor), TradingView (only for Razor) and cTrader.Jurisdiction: United KingdomPlatform: cTraderSource: Platform optionsLast verified:
Funding terms
No minimum deposit for bank wire transfers.Jurisdiction: United KingdomPlatform: cTraderSource: Funding termsLast verified:
Hedging
YesJurisdiction: United KingdomPlatform: cTraderSource: HedgingLast verified:
Instrument count
1444 instrumentsJurisdiction: United KingdomPlatform: cTraderSource: Instrument countLast verified:
1:30Instrument: major currency pairsJurisdiction: United KingdomPlatform: cTraderSource: Maximum leverageLast verified:
Commission model
commission freeInstrument: FX and Spot Gold only not sharesJurisdiction: United KingdomPlatform: cTraderSource: Commission modelLast verified:
Commission terms
Standard CFD accounts do not charge commission on FX or Spot Gold trades. Instead, trading costs are included in the spread, with a 1-point mark-up on FX pairs.Instrument: FX and Spot Gold only not sharesJurisdiction: United KingdomPlatform: cTraderSource: Commission termsLast verified:
Entity
Pepperstone LimitedJurisdiction: United KingdomPlatform: cTraderSource: EntityLast verified:
Jurisdiction
United KingdomJurisdiction: United KingdomPlatform: cTraderSource: JurisdictionLast verified:
StandardJurisdiction: United KingdomPlatform: MT5Source: Account typeLast verified:
Platform
MT5Jurisdiction: United KingdomPlatform: MT5Source: PlatformLast verified:
Platform options
Pepperstone’s web platform and mobile app, MT5, MT4 (only for Razor), TradingView (only for Razor) and cTrader.Jurisdiction: United KingdomPlatform: MT5Source: Platform optionsLast verified:
Funding terms
No minimum deposit for bank wire transfers.Jurisdiction: United KingdomPlatform: MT5Source: Funding termsLast verified:
Hedging
YesJurisdiction: United KingdomPlatform: MT5Source: HedgingLast verified:
1:30Instrument: major currency pairsJurisdiction: United KingdomPlatform: MT5Source: Maximum leverageLast verified:
Commission model
commission freeInstrument: FX and Spot Gold only not sharesJurisdiction: United KingdomPlatform: MT5Source: Commission modelLast verified:
Commission terms
Standard CFD accounts do not charge commission on FX or Spot Gold trades. Instead, trading costs are included in the spread, with a 1-point mark-up on FX pairs.Instrument: FX and Spot Gold only not sharesJurisdiction: United KingdomPlatform: MT5Source: Commission termsLast verified:
Entity
Pepperstone LimitedJurisdiction: United KingdomPlatform: MT5Source: EntityLast verified:
Jurisdiction
United KingdomJurisdiction: United KingdomPlatform: MT5Source: JurisdictionLast verified:
How to compare prop firm programmes
Start with the market and platform you use, then compare the exact programme and account size. A lower entry fee is only one part of the decision.
Check the total cost
Read the payment cadence alongside the price. Before paying, check renewal, reset, activation and platform or data charges in the provider's terms.
Check what happens after passing: account type, trading permissions and payout conditions. Required trading days and calendar waiting days are different.