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Pepperstone Razor vs Standard Account: All-In Cost in Pips
Razor adds 0.70 pips a lot on MT4/5, 0.60 on cTrader. Standard adds a markup Pepperstone's EU pages give as 1 pip or a 0.6 minimum. Both priced.
On Pepperstone’s EU pages, Razor costs the raw spread plus 0.70 pips per standard lot on MT4, MT5 (USD account) and TradingView, or 0.60 on cTrader, on a USD-quoted pair. Standard costs the raw spread plus a markup given as 1 pip or a “minimum 0.6”. At equal raw spread, 1 pip favours Razor; 0.6 favours Standard or ties.
That is the answer to “pepperstone razor vs standard account”, in pips. This desk read three Pepperstone EU Limited pages on 3 October 2026: the trading-accounts page, the pricing page and a help-centre FAQ. The topic is evergreen; the figures are scoped to those EU pages and dated to that read.
Pepperstone Razor vs Standard account: what each charges
On the trading-accounts page, Razor is raw spread “from 0.0” on FX plus commission from $3.50 per lot, per side. The pricing page adds that cTrader commission is $6 round trip and TradingView $7 round trip, converted at spot for non-USD accounts. Its per-currency MT4/5 table did not render, so this post uses the $3.50 USD line.
Standard charges no FX commission; the cost sits in a markup.
Which markup does the Standard account carry: 1 pip or 0.6?
The pages disagree. The trading-accounts page says the raw spread “has a 1 pip mark up”. The pricing page says “There’s a 1 pip markup on margin FX pairs.” The help-centre FAQ says Standard “starts with minimum 0.6 mark up”. Pip Bulletin prices both.
The all-in add-on, in pips per standard lot
| Razor platform | Add-on to raw spread | Against Standard at 1.0 | Against Standard at 0.6 |
|---|---|---|---|
| MT4/MT5 ($3.50 x 2) | 0.70 pips | 0.30 lower | 0.10 higher |
| TradingView ($7) | 0.70 pips | 0.30 lower | 0.10 higher |
| cTrader ($6) | 0.60 pips | 0.40 lower | level |
Conversion: round-turn dollars divided by $10, a pip on one lot of a USD-quoted pair; other pairs differ, as the commission-to-pips guide shows. The table assumes equal raw spreads, the case the break-even rule generalises. “From 0.0” is a minimum, not an average, and this desk measured no live spreads.
Is TradingView on the Standard account?
Not in the EU comparison table read: its platforms row adds TradingView for Razor only.
Questions readers ask
What is the difference between a Standard account and a Razor account?
How you pay on FX. Pepperstone’s EU pages say Razor charges raw spread plus commission, from $3.50 per lot per side; Standard charges no FX commission and builds a markup into the raw spread. The trading-accounts page calls other conditions identical.
For forex, is Pepperstone Razor worse than Standard?
Not at the 1 pip markup two EU pages state: Razor’s add-on is 0.30 to 0.40 pips lower per lot at equal raw spread. At the FAQ’s 0.6 minimum, Standard’s add-on is 0.10 pips lower than Razor on MT4, MT5 and TradingView, and level with cTrader.
Which Pepperstone account should I choose?
Pip Bulletin does not pick accounts. The sum depends on the markup reading: at 1 pip the Razor add-on is lower per lot on every platform, and at 0.6 it is not. Platform matters too: the EU table lists TradingView for Razor only.
The bottom line, priced
Pepperstone’s EU footer, read the same day, states that 72.9% of retail investor accounts lose money trading CFDs with this provider. The Pepperstone review covers the broker beyond its fee lines. Trading involves substantial risk of loss. Nothing on this site is financial advice.