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FXContext · Pepperstone

Same brand. Different margin.

Explore the differences ↗
Retail major FX · illustrative €3,000 exposure
PepperstonePepperstone · Two countries. Two legal entities.PepperstoneUnited Kingdom · FCAPepperstoneBahamas · SCB
Maximum leverage30:1200:1
Theoretical initial margin€100€15
Loss on a 1% adverse move*€30€30
Less margin. Not less risk.

Illustration, not a trading quote. Eligibility and instrument-specific terms apply; clients cannot freely choose their legal entity.

Sources & scope · What changes for you?

* Margin = €3,000 ÷ leverage. A 1% adverse move on the same exposure represents €30 in either case, before costs and currency conversion. This is not the total account funding required. Margin close-out may occur before that move, depending on account equity and positions; €30 is not a maximum loss. Higher leverage can amplify risk when used to increase exposure.

Pepperstone disclosures checked 6 September 2026. The Bahamas figure is from the retail column, not the professional offer. This example does not create or change a rating.

Pepperstone · United Kingdom

Pepperstone Limited
FCA · 684312

Leverage source ↗
Pepperstone · Bahamas

Pepperstone Markets Limited
SCB · SIA-F217

Leverage source ↗

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Market context: South Africa

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