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Are Pepperstone spreads and fees high compared to IC Markets or FXCM?

Pepperstone is famous for its ultra-low spreads, especially on Razor Accounts. On EUR/USD, spreads can be as low as 0.0 pips, with a commission of $3.5 per lot per side. Standard Accounts operate on a spread-only model, starting at 1.0 pip. Compared with IC Markets, Pepperstone’s pricing is nearly identical, both being ECN-style brokers. Against FXCM, Pepperstone is often cheaper for scalpers and algorithmic traders. Independent tests confirm that Pepperstone’s fees are among the lowest in the industry, making it attractive for high-frequency traders.