Which cTrader broker has the lowest commission?
Verdict
- Among FCA-regulated brokers in our data, Pepperstone charges the lowest cTrader commission: $3.00 per side on FX, $6 per standard lot round trip, against $3.50 per side on its own MT5 and TradingView pricing.
- Fusion Markets publishes a lower $2.25 per side on its Zero account, but it holds no FCA licence; clients outside Australia are served by its Seychelles or Vanuatu companies.
- FxPro, which is FCA-regulated and offers cTrader, publishes $3.50 per side on its Raw+ pricing.
- On gold, Pepperstone's cTrader commission rises to $3.50 per side, or $7 round trip.
If you are choosing a broker for cTrader, the commission per lot is the number that compounds fastest. For UK traders, Pepperstone has the lowest figure we can document at an FCA-regulated firm. Below: the comparison table, what the gap is worth over a month, and the one cheaper option with a catch.
Pepperstone: $3.00 a side on cTrader
If you trade FX on cTrader from the UK, Pepperstone is the cheapest FCA-regulated option we can document. Its Razor pricing on cTrader carries $3.00 per standard lot per side on forex, $6 round trip, while the same raw spreads on MT5, TradingView or Pepperstone's own platform cost $3.50 per side. cTrader is listed for Pepperstone's UK spread betting, Standard and Razor accounts, and eligible clients are covered by the FSCS up to £85,000.
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cTrader commissions compared
Commission per standard lot on FX, as each broker publishes it. Capital.com, our usual second choice in the UK, is missing because it does not offer cTrader: its platforms are its own web and mobile apps, MT4, MT5 and TradingView.
| Broker | Per side | Round trip | UK position |
|---|---|---|---|
| Pepperstone (cTrader) | $3.00 | $6.00 | FCA 684312 |
| FxPro (Raw+, published for FX generally) | $3.50 | $7.00 | FCA 509956 |
| IC Markets (Raw Spread) | $3.50 | $7.00 | UK acceptance not verified in our data |
| FP Markets (Raw) | $3.00 | $6.00 | Does not accept UK residents |
| Fusion Markets (Zero) | $2.25 | $4.50 | No FCA licence; ASIC entity serves Australian clients only |
What the gap is worth over a month
Commission is charged on every lot you open and close, so small differences add up with volume. At 50 round-trip standard lots a month:
- Pepperstone on cTrader: 50 × $6 = $300.
- Pepperstone on MT5 or TradingView: 50 × $7 = $350.
- FxPro Raw+: 50 × $7 = $350.
- Fusion Markets Zero: 50 × $4.50 = $225, cheaper, but from a broker without an FCA licence.
- Add the spread on top: Pepperstone publishes a Razor average of 0.1 pips on EUR/USD, about $1 per lot.
Paying less than $6 a lot at Pepperstone
There are three levers inside the same broker:
- Spread betting on cTrader: Pepperstone charges no commission on spread bets; the cost sits in the spread (EUR/USD minimum 0.5 points, against 0.0 on Razor).
- Account currency: Pepperstone quotes Razor commission from £2.25 per lot per side for GBP accounts; check the cTrader rate shown for your currency.
- Instrument mix: gold costs $3.50 per side on cTrader, so a gold-heavy trader pays more than the FX headline suggests.
Is cTrader worth switching platforms for?
For cost alone, yes: on Pepperstone it saves $1 per round-trip lot against MT5. It also brings cTrader Automate for C# trading bots. One thing not to count on in the UK: Pepperstone's copy-trading page, which covers cTrader Copy, sits on its international site, and the UK copy-trading address returns an error. If you rely on MetaTrader expert advisors, weigh the rewrite effort against the saving.
Sources
Commission schedules as published by each broker.
Is cTrader commission charged per side or round trip?
Pepperstone quotes it per side: $3.00 when you open a standard lot of FX and $3.00 when you close it. Some brokers quote round-trip figures, so halve or double before you compare.
Do all Pepperstone UK accounts have cTrader?
Yes. Pepperstone lists cTrader for spread betting, Standard and Razor accounts in the UK. Commission applies on Razor; Standard and spread betting build the cost into the spread.
Why isn't the cheapest cTrader broker your top pick?
The lowest figure we found, Fusion Markets' $2.25 per side, comes from a broker with no FCA licence. For a UK resident, Pepperstone's $3.00 comes with FCA authorisation, FSCS cover up to £85,000 for eligible clients and negative balance protection on retail accounts.
Spread bets and CFDs are complex, leveraged instruments with a high risk of fast losses. Decide whether you can afford that risk before trading. We publish broker-stated terms, not advice; verify fees and limits on the broker's own site before you deposit.