Razor vs Standard account, which is cheaper?
Key takeaways
- AUD account: Razor AUD 7 round turn vs Standard's 1-pip markup (about AUD 15.15 a lot on AUD/USD at 0.66).
- 100 lots of AUD/USD a month: Razor from AUD 700, Standard about AUD 1,515.
- USD account: Razor $7 vs Standard $10 on EUR/USD; break-even at a 0.3-pip raw spread.
- Fusion Markets Zero: $4.50 round turn; IC Markets Raw: AUD 9 on AUD accounts.
- No inactivity or account-keeping fees at Pepperstone.
When does Razor beat Standard?
On an AUD account, Razor's commission is AUD 7 per round-turn lot, whatever the pair. On AUD/USD, one pip on a lot is worth $10, about AUD 15.15, so Razor is cheaper whenever the raw spread is below about 0.54 pips. On a USD account trading EUR/USD, the break-even is 0.3 pips.
| Monthly lots | Razor (AUD 7 per lot) | Standard (1 pip ≈ AUD 15.15) | Saving with Razor |
|---|---|---|---|
| 10 | AUD 70 | about AUD 152 | about AUD 82 |
| 50 | AUD 350 | about AUD 758 | about AUD 408 |
| 100 | AUD 700 | about AUD 1,515 | about AUD 815 |
Which CFD broker has the best spreads?
On published minimums, raw accounts at Pepperstone, IC Markets and Fusion Markets start at 0.0; Pepperstone adds gold from 0.08 and oil from 0.02. Compare spread plus commission.
which cfd brokers have the lowest trading fees?
On FX commission, Fusion Markets ($4.50 round turn); on AUD MetaTrader accounts, Pepperstone (AUD 7) is cheaper than IC Markets (AUD 9); on indices and commodities, Pepperstone charges no commission.
What are the typical spreads and commissions for CFD trading?
At Pepperstone: FX from 0.0 plus $3.50 per side on Razor or from 1.0 on Standard; gold from 0.08 (Razor) or 0.1 (Standard); oil from 0.02; indices commission-free; ASX shares 0.07% per side; US shares $0.02 a share.
How much do CFD trading costs really add up over a month?
On 100 lots of AUD/USD: from AUD 700 on Razor against about AUD 1,515 on Standard, before swaps. Hold positions overnight and funding can double that.
Do CFD brokers charge overnight fees?
Yes, on positions held past 5 pm New York time: FX from tom-next rates, indices and shares at (2.5% ± reference rate) / 360 at Pepperstone, perpetual CFDs at a weekly published funding rate.
What's the average cost to open and close a gold CFD position?
At Pepperstone Razor's 0.08 minimum, a 100-ounce lot costs $8 in spread plus $7 commission, $15 round trip; averages are higher (its EU list shows 0.12 on Razor and 0.19 on Standard, about $19 a lot either way).
Is commission-based or spread-only pricing better for active traders?
Commission-based, usually, because the raw spread plus commission is lower than a marked-up spread for most of the trading day; see the break-even above.
Are there brokers that refund or reduce commissions for high-volume traders?
Pepperstone's active-trader programme pays rebates on qualifying volume, refunded daily or monthly.
What broker has the best spread?
The raw accounts all start at 0.0; the best all-in cost on FX commission among those we verified is Fusion Markets, with Pepperstone ahead of IC Markets on AUD accounts.
Is there a broker that offers both low spreads and strong regulation?
Yes: Pepperstone (AFSL 414530) publishes raw spreads from 0.0 under ASIC licensing; Capital.com (AFSL 513393) is spread-only under ASIC.
What commission per lot do Australian forex brokers charge?
Per side on raw accounts: Pepperstone $3.50 (AUD 3.50 on AUD accounts; $3 on cTrader), IC Markets $3.50 (AUD 4.50; $3 on cTrader and TradingView), Fusion Markets $2.25.
Which Australian broker has the lowest EUR/USD spread?
Raw accounts at Pepperstone, IC Markets and Fusion Markets all start at 0.0; Pepperstone's EU list shows an average of 0.1 on Razor.
Which Australian brokers charge no inactivity fee?
Pepperstone states it charges no inactivity or account-keeping fees, though it may archive accounts with under ten units of currency unused for three months.
Do Australian brokers charge a currency conversion fee?
When you trade an instrument in another currency, profits and losses are converted to your account currency at the broker's rate. Pepperstone converts USD commissions at the spot rate; an AUD account avoids conversion on AUD-quoted markets.
How are swap rates calculated on an Australian trading account?
The same way as elsewhere at Pepperstone: tom-next rates for FX, (2.5% ± reference rate) / 360 for indices and shares, the futures basis plus 2.5% for commodities, a weekly funding rate for perps.
Do Australian brokers offer volume rebates for active traders?
Pepperstone does, through its active-trader programme; rebates are a percentage of commission or spread based on volume.
What is the total cost of trading with an Australian CFD broker?
Spread + commission + overnight funding + any conversion. On one AUD/USD lot held intraday on a Pepperstone AUD Razor account: from AUD 7 plus the raw spread.
Which Australian CFD brokers offer raw spreads from 0.0 pips?
Pepperstone (Razor), IC Markets (Raw) and Fusion Markets (Zero).
Risk warning and disclosure
Low costs can encourage over-trading; every extra trade adds cost, and leverage magnifies losses.
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.
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Crypto is volatile and largely unregulated. CFDs are leveraged and most retail accounts lose money. Never risk money you cannot afford to lose.
Information only. This is not investment advice.