Pepperstone Refer-a-Friend Program (20 Free Trades or up to $1,000 Cash)

Pepperstone's Refer-a-Friend program rewards existing clients for bringing in new traders. On the Professional client version, both the referrer and the friend earn a matching cash payout on a three-tier scale: deposit USD 500 and trade 2.5 FX lots (or 5 commodity lots, or 25 index lots) for USD 50 each, deposit USD 1,000 and trade higher volume for USD 100 each, or deposit USD 5,000 and trade 50 FX lots (or 100 commodity, or 500 index lots) for USD 1,000 each. The retail version instead gives 20 commission-free trades to each side once the friend deposits USD 1,000. The catch is the trading volume. The headline USD 1,000 payout requires the friend to be approved as a Professional client, deposit USD 5,000, and complete 50 round-trip FX lots (or the commodity/index equivalent) within 90 days of opening the account. Trades must stay open at least 5 minutes and hedged positions do not count. The reward is paid as real cash into both Standard or Razor accounts within 30 days of the requirements being met, so it is withdrawable, but only after the lot turnover gate is cleared. Eligibility is open to Pepperstone Pro and Retail clients referring new sign-ups, with the friend opening a Standard or Razor account. The offer is run by Pepperstone Markets Limited (Bahamas, regulated by the Securities Commission of The Bahamas) and is not open to residents of China, Thailand, Vietnam, or Latin America. Introducing Brokers are excluded, there is a household cap on referrals, and all accounts are subject to KYC checks.