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      Get great rates on majors like EUR/USD, plus minors and exotics

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      Trade on metals, energies & softs, with oil spreads from 2 cents

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      Choose from two account types depending on your strategy

    • Premium clients

      Exclusive rewards and bespoke benefits for high-vol traders

    • Pricing

      Discover our tight spreads, plus all other possble fees

    • Active trader program
    • Refer a friend
    • Demo trading
    • Trading hours
    • 24-hour trading
    • Maintenance
    • Risk management
    • Forex

      Get great rates on majors like EUR/USD, plus minors and exotics

    • Indices

      Enjoy 24-hour pricing on the UK100, US30 and more

    • Commodities

      Trade on metals, energies & softs, with oil spreads from 2 cents

    • Shares
    • ETFs
    • Currency indices
    • Dividends for index CFDs
    • Dividends for share CFDs
    • CFD forwards
    • TradingView

      Trade through the world-famous supercharts with great pricing

    • MetaTrader 5

      Explore the apex in trading automation with our execution tech

    • The Pepperstone platform
    • MetaTrader4
    • CopyTrading
    • cTrader
    • Trading tools
    • Navigating markets

      Latest news and analysis from our experts

    • The Daily Fix

      Your regular round-up of key events

    • Meet our analysts

      Our global team giving your trading the edge

    • Trading guides

      Trading guides & educational materials

    • Webinars

      Grow your knowledge

    • Who we are

      Pepperstone was born from the dream of making trading better

    • Pepperstone reviews
    • Company news
    • Company awards
    • Protecting clients online
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Spreads

How much does commodity CFD trading cost?

We offer permanently low spreads on commodity CFDs, starting from just 0.02 points on oil.¹

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Spreads  

Our spreads are always very competitive, but vary by market and conditions. Check the table below for our minimum and average spreads by index.²

Metals
Energies
Soft
Hard

Commission

We don’t charge commission on commodity CFDs.

 

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Start trading commodities today

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Trading commodity futures as CFD forwards

In addition to commodities spot markets, we offer forward CFD contracts that derive their prices from the relevant underlying front-month oil, gold and silver futures.

There is no additional overnight funding charge to pay when trading forwards, as this cost is factored into the spread. And forwards are automatically rolled over to the next month’s contract if still held at expiry.

 

CommoditySymbol (CFD)Min SpreadContract monthsMin size
CrudeCrude-F51 month1
BrentBrent-F51 month1
GoldXAUUSD-F0.52 month1
SilverXAGUSD-F33 month1
For other fees that may apply to your trading, visit our costs and charges page.

1 Other fees may apply.

2All spreads are generated from data between 01/07/2025 and 31/07/2025 

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Risk Warning:

Margin trading products are complex instruments and come with a high risk of losing money rapidly due to leverage. 88% of retail investor accounts lose money when trading on margin with this provider. You should consider whether you understand how margin trading works and whether you can afford to take the high risk of losing your money. You don't own or have rights in the underlying assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Please read our PSF, RDN and other legal documents and ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice.

The information on this site and the products and services offered are not intended for distribution to any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

 

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