The Pepperstone Standard account is one of two types of accounts provided by Pepperstone. The minimum deposit for this type of account is $10. That’s not a lot of money to start trading, so it is really attractive to beginners who are just starting out. 

When it comes to leverage, Pepperstone offers a ratio starting from 30:1 and going all the way up to 500:1 (applicable to professional clients, for retail, it's 200:1). Pepperstone allows its customers to hedge, which means making investments in a way that reduces the risks of negative price swings. With proper planning and effort, this is a very beneficial technique that is used by many experienced traders. 

As for commissions, the Pepperstone Standard account gives customers another advantage over other types of accounts. There is no commission, so when you are just a starter you won't have to spend your money on unimportant fees. The company also provides Standard accounts with institutional grade spreads, while the average EUR/USD spread is 0.6 pips. 

The maximum trading size for this account is 100 lots. Long story short, this account is more for beginner traders because all of the features given above fulfill the requirements of newbie traders.

The Pepperstone Razor account has a lot in common with the Pepperstone Standard account, but they also have some vital differences that need to be kept in mind when choosing which account works best for you. 

The Pepperstone minimum deposit is the same at $10. Accounts also share the same leverage which goes up to 200:1 (or 500:1 if you are a professional client). Base currencies (AUD, USD, JPY, GBP, EUR, CAD, CHF, NZD, SGD, and HKD) are also the same for both accounts, as well as the allowance of hedging and Expert Advisors (EAs). EAs are a tool that is used to monitor and automatically trade financial markets using user-created algorithms. 

The Razor account is also given institutional grade spreads (with no markups). Unlike the Pepperstone Standard account, the Razor account has an average EUR/USD spread of up to 0.3 pips, starting from 0.0 pips. Pepperstone Razor account users also have to pay some commissions (from AUD$7 round turn on 100k traded). Because of the features given above, we can assume that this account is more suited to scalpers and algorithmic traders.

Besides the two main Accounts of Pepperstone given above, there are different varieties of accounts you can choose from - these are Demo and Islamic accounts. We will review both of them shortly and inform you about their pros and cons.

Demo Account

A demo trade account is the easiest account to set up and once the user is registered, he can start trading, without any furthermore processing, using virtual currency.

The Pepperstone Demo Account is for beginner traders who want to learn in a real but risk-free environment. It can also be used by traders who are examining different strategies of trading. This account is good for traders who are comparing different brokers and want to experience Pepperstone’s trading features. 

The main thing about a demo account is that you won't lose any real money, as you only use virtual currency.

Islamic Account

A Pepperstone Islamic Account is intended just for Muslim traders who strictly follow Sharia law. The law prohibits its supporters from paying any type of interest, including overnight rollovers, which are seen as unnecessary or exploitative.

Although there are no additional fees, there is an administrative cost if positions are held for more than 10 days in a row.

If qualified traders want to convert their live trading account to a Pepperstone Islamic Account, they must contact Pepperstone support to check their eligibility and request the conversion to a Pepperstone Islamic Account.

We've covered a lot of fundamental and in-depth information on the Pepperstone real accounts. Now let’s look at what Pepperstone accounts have to offer in terms of pros and cons

Pros

One of the positive things that attracted our attention is the low commission fees and spreads. The numbers we mentioned above are relatively low compared to some other trading platforms. 

The company also offers negative balance protection. It means that even if the market circumstances will change quickly against your leveraged trades, you will never go into a negative balance. Scalping and hedging are also offered by Pepperstone, which are really important features for traders to use. 

Adding to this accounts on Pepperstone are highly regulated which means more security for all of the users. Lastly, we can mention Pepperstone’s customer service which has been some of the best we have encountered.

Cons

As for disadvantages, we can start by saying that Pepperstone is not available for U.S. clients. 

Another downside for Pepperstone is that it does not offer fixed spread accounts which allow customers to manage their trading costs more effectively.

The company also has high withdrawal fees outside the EU, so it makes the trading platform pretty unattractive for traders outside this territory.