Traders can use either account type, Razor, or Standard, with any platform.Ĭopy trading: For social copy-trading, Pepperstone offers the MirrorTrader and RoboX platforms from Tradency, and myFxbook for MetaTrader, alongside cTrader and DupliTrade ($5,000 minimum balance required).
#IS CTRADER BETTER THAN MT4 FULL#
Platforms: Pepperstone offers the full MetaTrader and cTrader suites, including MT4 and MT5 (desktop and web), cTrader (desktop and web), and cAlgo. Overall, we were impressed and Pepperstone finished Best in Class MetaTrader in 2021. While Pepperstone lacks a proprietary platform, it offers nearly every third-party platform a trader could ever want to use. At the same time, tier two rebates 15% or more of the commission (reducing the effective spread to 0.638), for those who trade more than 200 lots monthly. Tier one provides a rebate of $1.00 per standard lot, which reduces the effective spread from 0.75 pips to 0.65 pips. United Kingdom: In the UK, premium clients must trade at least $15M per month or 150 standard lots, to be eligible for the tier-1 rebate of 10% per lot, while tier-3 rebates can be negotiated for those who do more than 500 lots monthly.Īustralia: A minimum of 200 lots is required to qualify for the lowest tier in Pepperstone's Active Trader program. Standard account: The standard account is commission-free but has similar spreads and is as competitive as the Razor account, with average spreads on the EUR/USD at 0.75 pips, as of April 2021.Īctive traders: Pepperstone's active trader program rebates a portion of the spread, depending on your monthly trading volume and the applicable tier. Average spreads of 0.09 pips on the EUR/USD in the Razor account (as of April 2021) is comparable to the industry average after including the commission of 0.70 pips to calculate the all-in cost of 0.79 pips on MT5 and cTrader.
Razor account: The Razor account can be used with either the MetaTrader (MT4 or MT5) platforms or cTrader platforms and follows a commission-based pricing structure in addition to prevailing spreads.
Meanwhile, its Standard account has comparably higher spreads and is not impressive. Pepperstone is an agency-execution broker that offers excellent pricing on its Razor account when combined with its Active Trader program for high-volume traders.
0 kommentar(er)
