What does it cost to open and close a gold CFD position?
Key takeaways
- 1 lot gold Razor round trip: from about £10.65 (0.08 spread + £4.50 commission, GBP/USD 1.30 assumed).
- UK retail leverage on gold is 20:1: 0.1 lots (10 oz) at an assumed $4,000 is $40,000 and needs $2,000 margin.
- Other commodities, including oil, are capped at 10:1 for UK retail.
- Pepperstone metal financing follows the FX method; commodity financing follows the futures basis plus 2.5% a year.
- Capital.com lists 65+ commodity markets, including agricultural ones such as cocoa and coffee.
How much does a gold position cost by size?
One lot of gold is 100 ounces. At Pepperstone's Razor minimum of 0.08 and £4.50 round-turn commission per lot, the cost scales with size; real spreads widen around US data, so treat these as floors.
| Size | Ounces | Spread at 0.08 | Commission | Round trip |
|---|---|---|---|---|
| 0.01 lot | 1 | about £0.06 | £0.05 | about £0.11 |
| 0.1 lot | 10 | about £0.62 | £0.45 | about £1.07 |
| 1 lot | 100 | about £6.15 | £4.50 | about £10.65 |
Which broker is best for trading gold in the UK?
For active gold trading, Pepperstone: lowest published Razor minimum among the providers we checked, gold spread bets from 0.1, five platforms. For gap protection on gold, Capital.com or IG with guaranteed stops.
Which broker is best for trading oil?
Pepperstone, with oil commission-free and a published financing formula; Capital.com for guaranteed stops. Oil financing tracks the futures curve, so long holds cost more than the spread.
Which platform offers the best prices for gold trading?
Prices come from the account, but at Pepperstone the Razor commission differs by platform: on cTrader, gold is $7 round turn, the same as TradingView and MT4/MT5 in USD. A GBP account on MT4/MT5 pays £4.50 round turn.
Which broker is best for trading silver?
Pepperstone's EU price list shows silver averaging 0.031, with no commission. Silver is capped at 10:1 for UK retail and moves more than gold in percentage terms.
Which broker offers the widest range of commodity markets?
Capital.com lists 65+ commodity markets, including softs such as cocoa and coffee. Pepperstone covers metals, energy and agricultural CFDs.
Can you compare the top brokers for gold and oil CFDs?
Pepperstone: gold Razor from 0.08 plus commission, oil commission-free. Capital.com: both spread-only with guaranteed stops. IG advertises gold from 0.3 points. Compare live at the same minute.
Which broker is best for trading precious metals?
Pepperstone for gold and silver pricing and platforms; Capital.com or IG for guaranteed stops. Gold is 20:1 for UK retail; other metals 10:1.
Which platform is best for commodity CFD trading in the UK?
MT5 or cTrader at Pepperstone, which show contract specifications and swaps before you trade; TradingView shows the swap only after it is charged, according to Pepperstone.
Which broker is best for day trading gold?
Pepperstone Razor on cTrader. Day trades avoid financing, so the round trip of about £10.65 per lot at the minimum is the whole cost.
Which brokers let you trade commodities on MetaTrader?
Pepperstone (MT4 and MT5, spread bets and CFDs) and Capital.com (MT4 and MT5).
What is the spread on spot gold at UK brokers?
Pepperstone UK publishes spot gold from 0.08 on Razor (plus commission) and gold spread bets from 0.1 points. IG advertises gold from 0.3 points on its German site. Spreads widen around US inflation and jobs data.
What is the spread on Brent crude at UK brokers?
Pepperstone's EU price list shows Spot Brent with a 2.2-point minimum and 3.3 average, commission-free. Brent spreads widen around the weekly US inventory data.
What is the spread on WTI crude oil at UK brokers?
Pepperstone's EU price list shows Spot Crude (WTI) at 2.0 minimum and 2.5 average, commission-free.
Which broker is best for natural gas trading?
Pepperstone's EU price list shows natural gas from 0.3, averaging 0.4, commission-free; Capital.com also lists it. Natural gas is among the most volatile commodities, with 10:1 retail leverage.
Which brokers offer agricultural commodity CFDs?
Capital.com lists softs including cocoa and coffee; Pepperstone offers agricultural CFDs too. They trade in exchange hours and can gap on crop and weather news.
What are the overnight financing costs on gold CFDs?
At Pepperstone, metal financing is calculated like FX swaps, from tom-next rates, and changes daily; the platform shows the current rate. Wednesday nights carry three days' financing.
What leverage can UK retail traders get on gold?
20:1, a 5% margin. Pepperstone Pro clients can get up to 1:500 but lose retail protections such as negative balance protection.
Which broker is cheapest for trading copper?
Capital.com lists copper with no commission; Pepperstone offers base metals among its commodity CFDs. We did not find a published copper spread to compare, so check both on demo.
What are the trading hours for gold at UK brokers?
Spot gold trades nearly 24 hours on weekdays, with a short daily break; providers publish exact hours per instrument. Liquidity is highest when London and New York overlap.
Which broker offers the tightest oil spreads?
Among published figures we checked, Pepperstone's EU price list (WTI 2.0 minimum). Compare oil spreads at the same minute, especially near the Wednesday US inventory release.
What margin is required to trade oil CFDs in the UK?
10%, because UK retail leverage on commodities other than gold is capped at 10:1.
Risk warning and disclosure
Gold and oil move sharply on US data, Fed decisions and OPEC news; stops are not guaranteed at Pepperstone.
This page is information, not personal advice or tax advice. Spread bets and CFDs are leveraged; most retail accounts lose money, and past results say nothing about future ones. Spread figures are the minimums or averages the providers publish and widen in fast markets.
Disclosure: eccrypto.com earns a commission when you open an account through some links. That does not change our cost arithmetic, explained in our methodology.
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We earn a commission on some links. It never changes the ranking — our method is published and the data is sourced.
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Information only. This is not investment advice.