What is the minimum deposit for a Pepperstone account?
Verdict
- Pepperstone's minimum deposit is $10, or your local equivalent, for both the Standard and Razor accounts.
- Singapore residents can hold the account in SGD; it is one of ten base currencies on Pepperstone's international site, and there is no inactivity fee.
- $10 is enough to test funding and a withdrawal, but not to trade full lots: one standard EUR/USD lot at the 1:200 retail maximum needs about $500 of margin.
- XS's Elite account, which Singapore residents can also open, needs $500; IG's international table lists $450 for Singapore.
The figure is $10. What matters more is what that $10 lets you do, which account it opens, and what you will need once you trade real size.
$10 on Standard or Razor
Pepperstone sets the same $10 floor on both accounts on its international site, the one Singapore residents use through Pepperstone Markets Limited (SCB Bahamas, SIA-F217; no MAS licence). The choice between them is about how you pay to trade, not how much you start with: Standard builds the cost into a 1.1-pip average EUR/USD spread, while Razor averages 0.1 pips and adds commission.
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What $10 actually trades
Margin is the notional value divided by leverage. At Pepperstone's 1:200 retail maximum on FX:
| Position size | Notional | Margin at 1:200 | Fits a $10 deposit? |
|---|---|---|---|
| 1 standard lot | $100,000 | $500 | No |
| 0.1 lot | $10,000 | $50 | No |
| 0.01 lot | $1,000 | $5 | Yes, with little room for loss |
Minimum deposits at other brokers taking Singapore residents
- Pepperstone: $10.
- XS: $500 for the Elite account (0.1-pip EUR/USD average, $6 round-turn commission).
- eToro: $10 in our data; eToro Singapore Pte. Ltd. holds a MAS licence.
- IG: $450 for Singapore in its international table, though its UK help centre quotes lower card minimums.
- CMC Markets and OANDA: $0 in our data.
Costs that start once you fund
- Spread or commission on every trade; Razor in SGD charges SGD 4.55 per side per standard lot.
- Swap on positions held past the daily rollover.
- Deposits are free on every listed method; withdrawals are free except an international bank wire, which the costs page prices at $20.
- No inactivity fee, but accounts under 10 currency units left unused for three months or more may be archived.
Sources
Is the Pepperstone minimum deposit in SGD?
The minimum is $10 or your local equivalent, and you can choose SGD as your account's base currency.
Does the Razor account need a bigger deposit?
No. Standard and Razor share the same $10 minimum on Pepperstone's international site.
Is there a fee if I stop trading?
Pepperstone charges no inactivity fee, though tiny unused balances may be archived after three months.
Margin trading in CFDs is risky: a small price move against you can cost far more than you expect. Check that you understand leverage and can absorb losses. This is general information, not financial advice.