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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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    • Spread betting

      Bet on global price movements in £ per point

    • CFD trading

      Trade on 1000s of assets without owning them

    • Pricing

      Discover our tight spreads, plus all other possible fees

    • Risk management
    • Trading accounts
    • Demo trading
    • Trading hours
    • 24-hour trading
    • Maintenance schedule
    • 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
    • MetaTrader 4
    • cTrader
    • Trading tools
    • Navigating markets

      Latest news and analysis from our experts

    • The Daily Fix

      Your regular round-up of key events

    • Meet the 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 commodities trading cost?

Our commodities spreads start from just 0.02 points on oil and 0.05 points on gold.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.

 

Learn more

Start trading commodities today

Sign up now for free

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 01/10/2025 and 31/10/2025, covering all trading sessions, including rollover periods.

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© 2025 Pepperstone Limited
Company Number 08965105 | Financial Conduct Authority Firm Registration Number 684312

Risk warning: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Trading derivatives is risky. It isn't suitable for everyone and, in the case of Professional clients, you could lose substantially more than your initial investment. 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 or your client's personal objectives, financial circumstances, or needs. Please read our legal documents and ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice.

Pepperstone Limited is a limited company registered in England & Wales under Company Number 08965105 and is authorised and regulated by the Financial Conduct Authority (Registration Number 684312). Registered office: 70 Gracechurch Street, London EC3V 0HR, United Kingdom.

The information on this site is not intended for residents of Belgium or the United States, or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.