For Australian traders, Pepperstone is the broker we'd use for gold: its Razor account quotes spot gold from 0.08 plus a fixed commission, and it offers four kinds of gold CFD, including a perpetual that trades at weekends. Capital.com is the alternative for commission-free gold with a guaranteed stop.
Your questions, answered
best gold trading platform australia
For gold charts and execution, MT5 and TradingView are the most popular choices, and Pepperstone offers both, along with cTrader and its own app. If you want gold over the weekend, use MT5, cTrader, TradingView or the Pepperstone platform, which all carry GOLD-PERP; MT4 does not list perpetuals. Pepperstone won TradingView's 2025 Best in Forex and CFD: Australia award.
Which brokers offer the tightest spreads on gold during volatility?
No broker publishes its spreads during volatility, only best-case minimums, and those widen when gold moves sharply on US inflation data or geopolitical news. Pepperstone's spot gold minimum is 0.08 on Razor. To compare fairly, watch two demos side by side through a US CPI release and note the widest spread each shows.
which platform offers the best prices for gold trading?
Price means spread plus commission. On a USD account at Pepperstone, a one-lot Razor round turn on spot gold costs about USD 8 in spread at the 0.08 minimum, if a lot is 100 ounces, plus USD 7 commission, so about USD 15. On Standard, the 0.21 minimum is about USD 21 with no commission. Check the contract size in your platform's specification before you rely on that arithmetic.
Can you compare the top brokers for gold and oil CFDs
From the firms' own Australian figures: Pepperstone spot gold from 0.08 on Razor (0.21 on Standard), oil from 0.02 points, plus forward and perpetual versions of both; Capital.com, gold and oil with no commission, spread-only, guaranteed stops available and a 4% annual daily fee on top of the benchmark for overnight holding. We could not verify gold and oil spreads on the other Australian broker pages we checked.
Which brokers are best for multi-commodity trading?
Pepperstone covers 40 commodity CFDs: precious metals, energies (WTI, Brent, natural gas), softs (cocoa, coffee, cotton, sugar, orange juice, lumber), grains (wheat, corn, oats, soybeans, soybean meal and oil, rough rice), livestock (cattle, lean hogs) and base metals (copper, aluminium, nickel, lead, zinc). Capital.com also lists energies, metals and softs such as cocoa and coffee.
Is gold trading better via CFDs or ETFs?
It depends on time frame. A gold ETF on the ASX gives you exposure without leverage or nightly funding, which suits holding for years. A gold CFD gives leverage up to 20:1, easy shorting and no ownership, and costs swap every night, which suits trades of days or weeks. Pepperstone's own TMD points CFDs at timeframes of three months or less.
best oil trading platform
We'd trade oil at Pepperstone on MT5 or cTrader, which carry spot crude and Brent, the forward contracts Crude-F and Brent-F, and the perpetuals WTOIL-PERP and BRENTOIL-PERP that trade 24/7. Spot oil trades from 01:00 to 23:59 platform time on weekdays, with spreads from 0.02 points. Retail leverage on oil is capped at 10:1.
how to calculate lot size for gold
Decide the dollar amount you're willing to lose, then divide it by the distance to your stop times the value of a one-unit move per lot. For example, if one lot gains or loses USD 100 per USD 1 move in gold and your stop is USD 10 away, a USD 200 risk means 0.2 lots. Pepperstone's client area has a margin calculator, and contract sizes are in each platform's symbol specification.
Where can I trade silver?
Pepperstone offers spot silver against the US dollar from a 0.018 minimum spread, plus silver against SGD, and a silver forward contract. ASIC classes silver as a commodity other than gold, so retail leverage is capped at 10:1, half what gold allows. Capital.com lists spot silver too, with no commission.
What leverage can I use on gold CFDs in Australia?
Up to 20:1 for retail clients, which means 5% margin, so a AUD 20,000 gold position needs AUD 1,000. That cap comes from ASIC's product intervention order and is the same at every Australian-licensed broker. Pepperstone Pro clients can go up to 500:1 on gold, but give up most negative balance protection.
What commission does an Australian broker charge on gold CFDs?
At Pepperstone, only Razor charges commission on gold: AUD 4.50 per lot per side (AUD 9 round turn) on an AUD MetaTrader account, or USD 3.50 per side on a USD account. The Standard account charges none, building cost into a wider spread. Capital.com charges no commission on gold. Other commodities at Pepperstone carry no commission on either account.
What is the best broker for trading oil CFDs in Australia?
Pepperstone, because it gives three structures for the same barrel: spot oil with a daily swap based on the futures basis plus or minus 2.5% a year, forward contracts with costs built into the spread, and perpetuals with a weekly funding rate. That lets a day trader, a swing trader and a weekend trader each use the cheapest contract for their holding period.
Which broker has the lowest spread on gold?
Of the published figures we found, Pepperstone's Razor minimum of 0.08 on XAU/USD is the lowest, but it comes with commission. On spread-only accounts, Pepperstone's Standard minimum is 0.21. The GOLD-PERP spread is 0.12. We could not verify comparable gold minimums on the other Australian broker pages we checked.
Can I trade natural gas CFDs in Australia?
Yes. Pepperstone lists natural gas with a minimum spread of 0.3 on both accounts, at up to 10:1 retail leverage. Gas is one of the most volatile commodities, often moving several per cent in a day on US storage data. Capital.com also offers US natural gas but notes it charges overnight funding even on unleveraged positions.
Which brokers offer agricultural commodity CFDs like wheat and coffee?
Pepperstone does: wheat, corn, oats, soybeans, soybean meal, soybean oil, rough rice, coffee, cocoa, sugar, London sugar, cotton, orange juice and lumber, plus cattle and lean hogs. Most trade only during US exchange hours, roughly overnight in Australia. Capital.com lists cocoa and arabica coffee among its commodities.
Which broker has the lowest spread on WTI crude oil?
Pepperstone's headline oil spread starts at 0.02 points, and WTOIL-PERP shows a 0.003 spread on its perpetual table. We could not find a published WTI minimum on the other Australian broker sites we checked, so we can't say who is lowest overall. Oil spreads widen around the weekly US inventory report.
Can I trade copper as a CFD in Australia?
Yes. Pepperstone offers copper from 01:01 to 23:59 platform time on weekdays, along with aluminium, nickel, lead and zinc, which trade shorter hours. Copper is classed as a commodity other than gold, so retail leverage is capped at 10:1. Capital.com also lists spot copper.
Published 2026-10-21. Informational only, not investment advice. CFDs are leveraged products and most retail accounts lose money.
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