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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

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

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

    • Commodities

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

    • Cryptocurrencies

      Speculate on Bitcoin, Ether and more, with a trusted broker

    • Shares
    • ETFs
    • Indices
    • 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
    • Integrations
    • 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

    • 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.

 

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 01/07/2025 and 31/07/2025 

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Risk Warning: Trading CFDs and FX carries significant risk. Trading OTC derivatives may not be suitable for everyone so please ensure that you fully understand the risks involved and take care to manage your exposure. You have no ownership of the underlying asset.

Pepperstone Financial Services LLC does not issue advice, recommendations or opinion in relation to acquiring, holding or disposing of Restricted Securities Investments such as OTC derivatives nor is Pepperstone a financial advisor. All services are provided on an execution only basis. Pepperstone Financial Services LLC only provides information of a general nature and does not take into account your financial objectives, personal circumstances. We recommend that you seek independent personal financial or legal advice.

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Pepperstone Financial Services LLC is registered at Emaar Square 3, Level: 3, Unit Number: 301-02, Downtown, Dubai, United Arab Emirates and is regulated by the SCA license number1453795.

The product issuer is Pepperstone Markets Limited is located at #1 Pineapple House, Old Fort Bay, Nassau, New Providence, The Bahamas and is licensed and regulated by The Securities Commission of The Bahamas (SIA-F217). You should consider whether you are part of the product issuer’s target market by reviewing the Target Market Determination.