Pepperstone S&P 500 Spread & Trading Conditions 2026

Pepperstone quotes S&P 500 — the US500 index CFD tracking the S&P 500 — with a standard spread of 0.4 points (min). On raw/ECN accounts the spread is typically 0.4 points (min). Spreads are quoted in points. Fee context from our review: Pepperstone's Razor account is a market leader for cost-efficiency with raw spreads from 0.0 pips and competitive commissions: $7.00 round turn on MT4/MT5, $6.00 on cTrader, $7.00 on TradingView. Standard accounts have zero commission but wider spreads from 1.0 pips. No deposit fees, no withdrawal fees, no inactivity fees. Active Trader Program offers rebates for high-volume traders.

When trading S&P 500 at Pepperstone: **Minimum deposit**: $0 (Recommended $200) **Maximum leverage**: 1:500 (Pro) | 1:30 (Retail) **Commission**: $3.50/lot (Razor) **Execution**: NDD & STP **Platforms**: MT4, MT5, cTrader, TradingView Spreads shown are indicative of the account types we assess. Raw/ECN accounts generally charge a per-lot commission in exchange for tighter raw spreads, while standard accounts build costs into the spread itself.

The S&P 500 spread is driven by liquidity depth, market volatility, the time of day (London and New York sessions are tightest), and the account model you choose. Pepperstone supports MT4 and MT5 for spread-sensitive execution.