Whether you're looking to trade gold's price movements, access gold-related funds, or find a tax-efficient* trading approach in the UK, explore the different ways to trade gold and find the one that suits you best.
* In the UK, spread betting profits are exempt from capital gains tax. Please be aware that tax treatment depends on your individual circumstances, and tax law may be subject to change.
Gold pricing
| Instrument | Bid | Ask | Spread | |
| Spot Gold | — | — | — | Trade |
| Gold SB | — | — | — | Trade |
| ETFS Gold Trust | — | — | — | Trade |
| Gold Miners | — | — | — | Trade |
| Junior Gold Miners ETF | — | — | — | Trade |
| GOLD-PERP | — | — | — | Trade |
One market. Multiple ways to trade. Which is right for you?
Explore the similarities and differences between each product and pick the one that suits your gold trading strategy.
Gold spread bets | Gold CFDs | ||
Allows a trader to speculate on the price of gold by staking an amount per point the market moves. Profit or loss depends on how many points the market moves and your stake size. In the UK, spread betting profits are generally exempt from Stamp Duty and Capital Gains tax.* * Please be aware that tax treatment depends on your individual circumstances, and tax law may be subject to change. | Allows a trader to speculate on gold price movements through contracts for difference (CFDs). A CFD is an agreement between you and the broker to exchange the difference in gold’s price between when a trade is opened and closed. Profit or loss is determined by the change in price over that period. Available on both Standard and Razor accounts, with raw spreads from 0.08 on XAU/USD on Razor and commission from £2.25 per lot, per side.1 |
Features | Gold perp CFDs | Spot Gold CFDs | Gold Forward CFDs | GOLD ETF CFDs |
What you trade | Price movements in the gold perpetual futures market. | Price movements in Spot Gold | Price movements in front-month Gold Futures. | Price movements in gold-related ETFs. |
Underlying ownership | X | X | X | X |
Market direction | Go long or short. | Go long or short. | Go long or short. | Go long or short. |
Account availability | Spread betting account (Only for UK traders). | Spread betting account (Only for UK traders). | Spread betting account (Only for UK traders). | Spread betting account (Only for UK traders). |
Platform availability | MT4,MT5, cTrader, TradingView and the Pepperstone platform and app. | MT4, MT5, cTrader, TradingView and the Pepperstone platform and app. | MT4, MT5, cTrader, TradingView and the Pepperstone platform and app. | MT4, MT5, cTrader, TradingView and the Pepperstone platform and app. |
Pricing model | Spreads starting from 0.3 pts plus a funding rate set weekly and applied through daily swap entries | Spread betting: Costs included in the spread. No commission. | Spread only. Funding costs are built into the forward price. | Spread betting: Costs included in the spread. No commission. |
Trading hours | 24/7, including weekends. | Nearly 24 hours a day, Monday to Friday. | Nearly 24 hours a day, Monday to Friday. | Underlying exchange trading hours. |
May suit traders looking for | Around-the-clock access to the gold market and no contract expiry. | Straightforward exposure to Spot Gold price movements. | Longer-term gold positions and futures-style exposure with no overnight funding. | Exposure to gold-related funds, including physical gold funds and gold miners. |
Learn more about our swap charges here.
Disclaimer: Trading spread bets and CFDs involves risk and is not suitable for everyone. Market prices can move quickly and unexpectedly, and leverage can magnify both gains and losses. You could lose money, so it is important to understand how the product works and consider whether it is suitable for your circumstances before trading.
Why trade on gold with Pepperstone?
Everything you need, backed by a broker you can trust.
Competitive pricing
Access deep liquidity and competitive spreads from 0.08pts on XAU/USD CFDs.1
Fast and reliable execution
Receive a 99.32% fill rate, with no dealer intervention.3
Elite tech
Choose from 4 advanced trading platforms and a robust suite of tools.
Regulated broker
We follow stringent regulatory processes and keep client funds segregated in tier-1 banks.
Competitive pricing
Access deep liquidity and competitive spreads from 0.08pts on XAU/USD CFDs.1
Fast and reliable execution
Receive a 99.32% fill rate, with no dealer intervention.3
Elite tech
Choose from 4 advanced trading platforms and a robust suite of tools.
Regulated broker
We follow stringent regulatory processes and keep client funds segregated in tier-1 banks.
Ready to trade?
Switch to Pepperstone now and join our global community of over 900,000 traders.4 Start your application online with a simple, streamlined process.
Register
Sign up with your email address and get a free demo.
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.
1Available on our Razor account. Other fees and charges may apply.
2Standard accounts are no longer available on MT4 from 26 September 2026.
3Fill rates are based on all trading data between 01/01/2026 and 31/03/2026.
4Total number of accounts held with the Pepperstone Group globally, correct as of 1 March 2026.