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). 0.4 points (min) places it 3rd out of the 25 brokers we track quoting S&P 500, tighter than the median of 0.5. 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.

Across the 25 public brokers we track quoting S&P 500, Pepperstone ranks 3 against a median of 0.5, putting it among the tightest we track. Ranked on published standard-account quotes — see our [methodology](/our-methodology/).

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.