How much does Pepperstone charge in overnight swap fees?

Key takeaways

Index and share swap: close × size × (2.5% ± reference rate) / 360; longs pay, shorts may receive.
AUD 10,000 AUS200 long at an assumed 3.6%: about AUD 1.69 a night; a short receives about AUD 0.31.
FX swaps are tripled on Wednesday nights for T+2 pairs; indices and shares take weekend funding on Fridays.
Perpetual CFDs: weekly funding rate published in advance, applied once a day.
Pepperstone is the issuer of its CFDs, so it is your counterparty; it states it executes with no dealing-desk intervention.

What does an AUS200 position cost to hold?

We applied Pepperstone's index formula to an AUD 10,000 position with an assumed 3.6% reference rate. The long pays 6.1% a year; the short receives 1.1% (3.6% − 2.5%). If the reference rate fell below 2.5%, shorts would pay too.

AUD 10,000 AUS200 CFD at Pepperstone (assumed 3.6% reference rate)
Direction	Annual rate	1 night	30 nights
Long	6.1% paid	about AUD 1.69	about AUD 50.83
Short	1.1% received	about AUD 0.31 credited	about AUD 9.17 credited

What are the hidden costs of trading with Pepperstone?

None are hidden, but these are easy to miss: swaps on positions held overnight (tripled on Wednesdays for FX), commission on share CFDs even on Standard (0.07% to 0.20% per side), the 1-pip markup built into Standard FX spreads, and currency conversion when an instrument's currency differs from your account's. There is no inactivity fee.

Is Pepperstone good for high-volume traders?

Yes: Razor pricing, cTrader at $6 round turn, and an active-trader programme that pays rebates on qualifying volume, refunded daily or monthly. Fusion Markets charges less commission ($4.50 round turn), so compare after rebates.

What makes Pepperstone different from other ECN brokers?

Range and platforms more than price: five platforms, perpetual CFDs that trade 24/7, 24-hour US share CFDs and tokenised assets, alongside raw pricing. Its commission is in line with IC Markets on MetaTrader and above Fusion Markets.

How does Pepperstone handle slippage during news?

Stops are triggers for market orders, so in a fast market they fill at the next available price, which can be better or worse. Pepperstone publishes a fill rate above 99% with no dealing-desk intervention (its own figure) and does not offer guaranteed stops.

is pepperstone a market maker

Pepperstone issues the CFDs you trade, so, like any CFD issuer, it is the counterparty to your position. It states it executes without dealing-desk intervention and earns from spreads, commissions and swaps. Read its PDS for how it manages and hedges client exposure.

what leverage does pepperstone offer

For Australian retail clients under ASIC rules: 30:1 on major FX, 20:1 on minor FX, major indices and gold, 10:1 on other commodities and minor indices, 5:1 on shares and ETFs, 2:1 on crypto. Pro clients can get up to 500:1 on FX and gold.

does pepperstone support mt5

Yes, along with MT4, cTrader, TradingView and its own platform. Perpetual CFDs are available on MT5, cTrader, TradingView and its own platform, but not MT4.

Is Pepperstone better for MT4, MT5, or TradingView users?

All three are supported. On cost, MT4 and MT5 are the same ($3.50 per side, or AUD 3.50 on AUD accounts) and TradingView is $3.50 per side; cTrader is cheapest at $3. MT5 is the one to choose if you want perpetual CFDs and expert advisors together.

How do I change leverage on a Pepperstone Australia account?

You set leverage within the ASIC retail caps through Pepperstone's secure client area or by contacting support; going above the caps requires professional (wholesale) classification. Lower leverage than the cap is always allowed and reduces the speed of losses.

Risk warning and disclosure

Swaps accumulate every night a position is open and can turn a profitable trade into a loss.

This page is general information, not personal advice. CFDs are leveraged; losses can mount quickly and most retail clients lose money. Read each provider's Product Disclosure Statement (PDS) and Target Market Determination (TMD). Spread figures are minimums or averages the providers publish and widen in fast markets.

Disclosure: eccrypto.com earns a commission when you open an account through some links. That does not change our cost arithmetic, explained in our methodology.