TL;DR — Opening a Pepperstone Razor account through Expaid earns a cashback rebate of up to $4.80 per forex lot and $8.50 per gold (XAUUSD) lot, paid daily, win or lose. Pepperstone is regulated by the UK FCA and ASIC and has no minimum deposit — but cashback requires a new account opened through the partner link.
What is Pepperstone cashback?
Pepperstone's Razor account charges a commission per lot on top of raw spreads. Through Expaid's introducing-broker (IB) link, most of that commission is returned to you as a fixed per-lot rebate, credited daily — regardless of whether the trade wins or loses.
How much Pepperstone rebate can you earn?
| Instrument | Account | Rebate per lot |
|---|---|---|
| Forex | Razor | $3.00 – $4.80 |
| Gold (XAUUSD) | Razor | $4.00 – $8.50 |
Rates vary by volume and instrument. What sets Pepperstone apart is top-tier UK FCA regulation combined with a $0 minimum, so you can start small with a well-regulated broker.
A worked example
Trade 30 forex lots and 8 gold lots in a month and, at the top rates, you earn (30 × $4.80) + (8 × $8.50) = $212 of cashback — paid daily on top of your results. Try the calculator with your own volume.
New account required
Unlike most brokers on our board, Pepperstone does not support transferring an existing account — cashback tracking must be attached from the start. Open a new Razor account through Expaid's link on the Pepperstone cashback page and your rebate is active from the first trade.
How you get paid — and is it safe?
Cashback is credited daily into your Pepperstone trading account; use it as margin or withdraw it like any other funds. Pepperstone is regulated by the UK FCA and ASIC — among the strictest regimes in the industry — and Expaid never holds your money. Joining is free and your spreads and execution are unchanged.
In our view — Pepperstone is the pick for traders who prioritise regulation and a $0 entry over the very highest rebate. Just remember you must open a fresh account to qualify.
Is Pepperstone cashback worth it?
If you want a heavily-regulated broker and are opening a new account anyway, adding cashback is a no-brainer. Compare the numbers in our broker comparison or the rate board, then create your Expaid account.