Take more control over your gold trading
Trade gold CFDs with raw spreads from 0.08 and fixed-rate commission. Our Razor account is built for those who prioritise transparency and precision.
Take a closer look at gold prices
On a regular trading account, your broker will wrap their spread around the underlying exchange spread – and the markup can vary due to volatility, liquidity and other factors. Our Razor account separates the raw spread from a fixed-rate commission, making it easier to see what you’re paying.
Raw spreads
Raw market spreads from 0.08, sourced straight from the exchange with no markup.
Fixed commission
One consistent commission of $3.50 per lot, per side, shown clearly on every trade.
Trade gold with precision
If you choose a Razor account with Pepperstone, you’ll get more than transparent pricing – you'll get a full suite of advanced benefits that can help give high-frequency traders the edge.
Speed and reliability
Execution from 50 milliseconds, a 99.32% fill rate and no dealer intervention.¹
Elite platform technology
Trade via TradingView, MT5, MT4, cTrader or our own Pepperstone platform.
Dedicated support
Expert help when you need it – 24hrs a day Mon-Fri, and 18 hrs at the weekend.
Raw spreads
Raw market spreads from 0.08, sourced straight from the exchange with no markup.
Fixed commission
One consistent commission of $3.50 per lot, per side, shown clearly on every trade.
Trade gold with precision
If you choose a Razor account with Pepperstone, you’ll get more than transparent pricing – you'll get a full suite of advanced benefits that can help give high-frequency traders the edge.
Speed and reliability
Execution from 50 milliseconds, a 99.32% fill rate and no dealer intervention.¹
Elite platform technology
Trade via TradingView, MT5, MT4, cTrader or our own Pepperstone platform.
Dedicated support
Expert help when you need it – 24hrs a day Mon-Fri, and 18 hrs at the weekend.
Raw spreads
Raw market spreads from 0.08, sourced straight from the exchange with no markup.
Fixed commission
One consistent commission of $3.50 per lot, per side, shown clearly on every trade.
Trade gold with precision
If you choose a Razor account with Pepperstone, you’ll get more than transparent pricing – you'll get a full suite of advanced benefits that can help give high-frequency traders the edge.
Speed and reliability
Execution from 50 milliseconds, a 99.32% fill rate and no dealer intervention.¹
Elite platform technology
Trade via TradingView, MT5, MT4, cTrader or our own Pepperstone platform.
Dedicated support
Expert help when you need it – 24hrs a day Mon-Fri, and 18 hrs at the weekend.
Please note that trading commodity CFDs involves speculating on price movements, with no ownership of the underlying asset. CFDs are leveraged products, which means your exposure is magnified and you could lose more than your initial deposit. Consider using tools such as stop-losses to mitigate your risk.
How to start trading gold on Razor
Open your Razor account
Apply online in minutes. Choose a Razor CFD account to get access to raw spread pricing and the full Razor gold experience.
Choose your platform
With us you can trade your way with: MetaTrader 4 | MetaTrader 5 | cTrader | TradingView | Pepperstone platform
Verify and deposit
Once we’ve confirmed your identity and suitability for our products, you can choose to deposit via multiple fee-free funding methods.
Plan and execute your strategy
You can use CFDs to go long or short on 40 different commodity CFDs. And if you need help figuring out a plan, try daily market insights from our team of analysts.
Open your Razor account
Apply online in minutes. Choose a Razor CFD account to get access to raw spread pricing and the full Razor gold experience.
Choose your platform
With us you can trade your way with: MetaTrader 4 | MetaTrader 5 | cTrader | TradingView | Pepperstone platform
Verify and deposit
Once we’ve confirmed your identity and suitability for our products, you can choose to deposit via multiple fee-free funding methods.
Plan and execute your strategy
You can use CFDs to go long or short on 40 different commodity CFDs. And if you need help figuring out a plan, try daily market insights from our team of analysts.
Open your Razor account
Apply online in minutes. Choose a Razor CFD account to get access to raw spread pricing and the full Razor gold experience.
Choose your platform
With us you can trade your way with: MetaTrader 4 | MetaTrader 5 | cTrader | TradingView | Pepperstone platform
Verify and deposit
Once we’ve confirmed your identity and suitability for our products, you can choose to deposit via multiple fee-free funding methods.
Plan and execute your strategy
You can use CFDs to go long or short on 40 different commodity CFDs. And if you need help figuring out a plan, try daily market insights from our team of analysts.
Open your Razor account
Apply online in minutes. Choose a Razor CFD account to get access to raw spread pricing and the full Razor gold experience.
Choose your platform
With us you can trade your way with: MetaTrader 4 | MetaTrader 5 | cTrader | TradingView | Pepperstone platform
Verify and deposit
Once we’ve confirmed your identity and suitability for our products, you can choose to deposit via multiple fee-free funding methods.
Plan and execute your strategy
You can use CFDs to go long or short on 40 different commodity CFDs. And if you need help figuring out a plan, try daily market insights from our team of analysts.
FAQs
Razor gold is a pricing model for trading gold (XAUUSD) on a Razor account. Instead of having the full trading cost built into the spread, your trading costs are made up of two components:
- A raw market spread
- A fixed commission charged per lot, per side
- This gives you a clearer breakdown of how your trading costs are structured.
No. The total cost of trading gold on Razor is broadly equal to trading on a standard account.
What's changing is how the cost is presented. Rather than being folded into the spread, you’ll now see the raw spread and commission separately, giving you greater visibility into your trading costs. This can provide better cost efficiency for high-frequency or scalping strategies.
Razor gold brings gold pricing in line with the transparent pricing model already used across Razor Margin FX.
By separating spread and commission, you can see exactly how your trading cost is made up.
Your total trading cost consists of two parts:
- The raw market spread, which can be as low as 0.08 points
- A fixed commission of $3.50, charged per lot, per side
- Together, they make up a total cost of your trade.
The commission is charged separately from the spread and is shown clearly on your trade confirmations and account statements.
If you’re already trading gold on a Razor account, you don’t need to take any action.
Your total trading cost remains broadly unchanged. The main difference is that you’ll now see the raw spread and fixed commission displayed separately.
Separating the spread and commission gives you a clearer breakdown of your trading costs. It's the same pricing model already used across Razor Margin FX and is widely used by active traders who prefer to understand how their trading costs are structured.
Razor gold is available across the trading platforms supported by Razor account. Platform availability may vary depending on your jurisdiction.
Razor gold gives you access to institutional-style pricing with raw spreads and a fixed commission, helping you better understand how your trading costs are structured while benefiting from Pepperstone’s execution, platforms and trading experience.
Ready to trade better?
Switch to Pepperstone now and join our global community of over 900,000 traders.² Apply in minutes with our simple application process.
Register
Sign up with your email address or social account.
Answer
We’ll check whether our products are appropriate for you.
Verify
Your safety is our top priority.
Fund
That’s it! You’re ready to trade.
¹ Fill rates are based on all trades data between 01/01/2026 and 31/03/2026
² Total number of accounts held with the Pepperstone Group globally, correct as at January 2026.