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.
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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.
IC charges MT4 Raw $3.50 a lot per side and cTrader $3 per USD 100k. Converted pair by pair: cTrader wins on most pairs and loses on every GBP-base pair.
IC Markets' own schedule, converted to pips: the $0-tier raw account costs 0.80 all in, exactly Standard's 0.8 floor. The break-even rule, worked.
Both, and the schedule line says which. Pepperstone and IC Markets read line by line: per side, roundtrip, and one line that says neither.
Double the per-side commission, divide by $10 a pip: $3.50 is 0.70 pips. Four raw-account schedules read on 14 September 2026, converted line by line.
OANDA Japan has published a two-stage MetaTrader 4 wind-down: new orders stop 25 September 2026, the service ends 27 November. The line worth reading is what the destination account costs.
Two broker-facing platforms' bills, one published and one reported, get converted to a common unit. One published price card works out at $5.00 per live account per month, the other's reported entry tier at $3.93 — and then the two definitions of an active account turn out not to match.
Two low-cost schedules converted into the only unit that permits comparison — pips per standard lot, round turn. One raw account prices at 0.45 before spread, the other at 0.60, and neither figure is an average.
More brokers than ever publish average spreads and commission schedules side by side. The number that matters is still the one nobody prints: the all-in cost, in pips.