Pepperstone New Promo: Get 20 Commission-Free Trades

Promotions are a common way for brokers to attract new traders and allow them to test the broker’s services under favourable conditions. To help traders hit the ground running, Pepperstone has introduced an exclusive Get 20 Commission-Free Trades promotion. This promotion allows new clients to trade CFDs while having the commissions on their first trades refunded. This is particularly valuable for active traders who want to evaluate spreads, execution speeds, and trading platforms without worrying about commission fees.

In this article, we will review Pepperstone’s new Get 20 Commission-Free Trades promotion, explaining how it works, how to claim it, and the most important terms and conditions traders should know before participating.

What is the Pepperstone 20 Commission-Free Trades Promo?

The Pepperstone 20 Commission-Free Trades Promo is a limited-time promotion designed for new traders opening a Razor account with the broker. The offer allows traders to receive refunds on the commissions they pay for their first 20 CFD trades.

Under this promotion, traders will pay the normal commission when they place a CFD trade. However, Pepperstone automatically refunds that commission shortly after the trade is executed. This process applies to the first 20 qualifying trades placed on the account. The total value of the commission refunds can reach up to $600, depending on the commissions generated by the trader’s activity.

Subject to regional availability, terms and conditions apply. 73.7% of retail CFD accounts lose money.

Promo Benefit Structure

The offer is structured to provide a significant window of reduced costs, but it does come with specific caps to be aware of. The benefit is applied as follows:

• Free Trades - You receive a refund on commissions for your first 20 trades.
• Maximum Cap - The total amount you can save through these refunds is capped at $600.
• Timeframe - The offer is valid for 30 calendar days from the date it is activated on your account.

Once you reach either the 20-trade limit, the $600 savings cap, or the 30-day expiration, standard commission rates will automatically apply to all subsequent trades. Please note that the razor, raw account has spreads starting from 0.0 pips.

How to Claim the Pepperstone 20 Commission-Free Trades Promo

Claiming this promotion involves a straightforward process. Traders need to follow a few basic steps to unlock access to the benefits. These include:

Step 1: Open a Razor Account

The first step is to register a Razor trading account with Pepperstone. To open a Pepperstone Razor account with Pepperstone, visit the broker’s website and complete the live account registration form with your basic personal details.

Next, select the Razor account type, choose your preferred trading platform and pick your base account currency. Finally, complete the short suitability questionnaire and verify your identity by uploading an ID document and proof of address.

73.7% of retail CFD accounts lose money

Step 2: Fund Your Trading Account

Once the account has been successfully created, traders must deposit at least $200 or the equivalent in another currency. Pepperstone offers multiple funding methods depending on the trader’s location, including bank transfers, credit/debit cards, PayPal, Skrill, M-Pesa, and Neteller, and other online payment solutions.

Step 3: Start Trading CFDs

After funding the account, traders can begin placing CFD trades. Pepperstone provides access to a large range of markets, including more than 1,350 CFDs.

Step 4: Receive Automatic Commission Refunds

Each time a qualifying CFD trade is placed, the commission will be charged as usual when the trade is executed. Shortly afterwards, Pepperstone automatically refunds the commission amount to the trader’s account balance.

The promotion remains active for 30 days from the date it is assigned to the trading account. Traders should therefore ensure that they complete their intended trading activity within this timeframe if they wish to maximise the benefits of the promotion.

Terms and Conditions of the Pepperstone Promo

Understanding the terms and conditions of an offer is crucial for a smooth and trouble-free experience. Below are the most important ones traders should understand before participating:

Eligibility

This offer is available to Retail and Professional clients of Pepperstone Markets Limited and Pepperstone Markets Kenya Limited. Pepperstone Markets Limited is the broker’s branch under the regulation of the SCB in the Bahamas. Most international traders are onboarded through this branch. In contrast, Pepperstone Markets Kenya Limited is the Kenyan branch of the company under the regulation of the CMA and only accepts clients from Kenya. For traders under these branches, the promo is available for both retail and professional traders.

For other regions (UK, EU, Germany, and Australia), it is strictly available only to Professional (PRO) clients. To participate in the promotion, traders must open a Razor trading account and meet the broker’s standard onboarding requirements. This includes completing the registration process and verifying their account.

Costs Not Covered

The commission-free promotion only covers trading commissions. Other trading costs are not included in the refund. This means traders will still need to pay standard trading costs such as spreads, overnight swap charges, and other applicable charges.

Commission Refund Limits

The promotion includes two main limits that traders should keep in mind. First, the commission refund applies only to the first 20 qualifying trades. Second, the total amount refunded cannot exceed $600. Once either of these limits is reached, the promotion automatically ends. The promotion is limited to one per household, and the $600 cap applies across all accounts held by that household.

General Restrictions

The offer cannot be combined with other Pepperstone promotions, and, as such, certain types of clients may not be eligible to participate. Introducing Brokers, Partners, and traders already enrolled in the Active Trader program are not eligible for this offer.

The promotion is limited to one per household, and the $600 cap applies across all accounts held by that household. Additionally, Pepperstone reserves the right to remove participants who are suspected of engaging in abusive trading practices or violating the terms of the offer.

Pepperstone as a Broker

Beyond this promotional offer, Pepperstone has established itself as a highly respected broker within the global forex and CFD trading industry. The broker is known for its ultra-fast execution speeds, competitive trading costs, and broad market access.

Pepperstone provides traders with access to more than 1,350 CFD instruments, covering multiple asset classes. These include CFDs on forex, indices, commodities, cryptocurrencies, currency indices, stocks, and ETFs. Traders can choose between popular platforms such as MetaTrader 4, MetaTrader 5, cTrader, and TradingView, as well as the broker’s own Pepperstone Trading Platform.

When it comes to trading costs, Pepperstone maintains a competitive edge with its transparent pricing structure. The Razor account, which is used for this promotion, features raw spreads starting from 0.0 pips combined with a commission that depends on the trading platform used.

Clients using MetaTrader 4 or MetaTrader 5 are charged a commission of $3.50, €2.60, £2.25, or CHF 3.30 per side per lot, depending on their account currency. The same $3.50 per side per lot applies to TradingView and the Pepperstone Trading Platform users. Meanwhile, cTrader users benefit from a slightly lower commission of $3.00 per side per lot.

For accounts in currencies other than USD, commissions on TradingView, cTrader, and the Pepperstone Trading Platform are automatically converted to the account currency at the prevailing spot exchange rate. On the other hand, the Standard account comes with spreads from 1.0 pips and no commission.

Pepperstone’s Credibility

Before participating in any broker promotion, it is important to evaluate the credibility and regulatory standing of the broker. Fortunately, Pepperstone operates under several reputable financial regulators. The broker holds regulatory licenses from authorities such as the FCA in the UK, the CySEC in Cyprus, the ASIC in Australia, the BaFin in Germany, the CMA in Kenya, and the DFSA in Dubai, among others.

In addition to being well-regulated, Pepperstone enjoys a strong standing among traders. The broker holds a solid 4.3 out of 5-star rating on Trustpilot, based on over 3,200 reviews. Its combination of reliable regulation and positive user feedback makes it a popular choice within the trading community.

Conclusion

The Pepperstone 20 Commission-Free Trades promotion offers a practical way for new traders to explore the broker’s trading environment while reducing initial trading costs. By refunding commissions on the first 20 trades, the promotion allows traders to experience Razor account conditions with minimal expense.

The offer is straightforward. Open a Razor account, deposit at least $200, and start trading CFDs. As trades are placed, the commissions are refunded automatically until either the 20-trade limit or the $600 refund cap is reached.

However, traders should always remember that promotions are only a small part of the overall trading experience. The real strength of Pepperstone lies in its fast execution, competitive trading costs, advanced trading platforms, and strong regulatory oversight. As always, traders should carefully review the official terms and conditions before participating in any promotion.