For gold CFDs, our pick is Pepperstone: spot gold from 0.08 on its Razor account, four kinds of gold contract and a gold perpetual that trades through the weekend. It serves Singapore from The Bahamas; if you want to own physical gold or trade under MAS rules, local dealers and MAS-licensed brokers are the alternative.
Your questions, answered
What is the best platform to trade gold in Singapore?
As software, TradingView or MT5; as a broker account, Pepperstone, where both connect to its Razor gold pricing. TradingView suits chart-led gold traders, while MT5 suits anyone running an expert adviser on XAU/USD. For a MAS-licensed alternative with guaranteed stops on gold, IG Asia is the one to compare.
Which broker has the lowest spread on gold?
Pepperstone's Razor account publishes a spot gold minimum of 0.08, the lowest figure on its site, with USD 3.50 per lot per side on top. On the Standard account the minimum is 0.2 with no commission. A standard gold lot is 100 ounces, so each 0.01 of spread is US$1 per lot.
What does it cost to open and close a gold position?
On Pepperstone's Razor account, one lot of spot gold costs the spread, from 0.08 or US$8 per 100-ounce lot, plus US$7 of round-turn commission, so roughly US$15 at the tightest quote. Hold it past 5pm New York time and a metal swap, calculated like an FX tom-next rate, is added. On Standard, the same trade costs only the spread, from 0.2 or US$20.
Which broker is best for trading oil?
Pepperstone is our oil pick for choice of contract: spot Brent and WTI, Brent and WTI forwards, and Brent and WTI perpetual CFDs, with oil CFDs quoted from 0.02. Forwards suit holds of more than a few days, because the funding cost is in the price rather than charged nightly. Oil gaps on OPEC and inventory news, so size positions for that.
What is the spread on Brent crude?
Pepperstone's headline is oil CFDs from 0.02, but its public pages do not set out a single confirmed Brent figure we could quote with confidence, so check the live quote. Spot Brent at Pepperstone trades from 8am Singapore time on Tuesdays to Fridays and from 6am on Mondays, in the US summer. Its Brent perpetual is listed separately with its own spread.
What is the spread on WTI crude oil?
As with Brent, Pepperstone advertises oil CFDs from 0.02 without a separately confirmed WTI figure on the pages we read, so we would rather you check the platform than quote a number. WTI is usually most liquid when New York is open, which is late evening in Singapore. Weekly US inventory data, released on Wednesdays in the New York morning, is when WTI spreads tend to widen most.
Which broker is best for trading silver?
Pepperstone offers spot silver in several currencies and a silver forward, both trading almost 23 hours a day on weekdays. Silver is classed as a metal other than gold, so retail leverage is 1:10 rather than gold's 1:200, which keeps position sizes more sensible. Silver moves proportionally more than gold, so use a smaller size for the same risk.
Where can I trade natural gas as a CFD?
Pepperstone lists a natural gas CFD with a published minimum spread of 0.3 and the same weekday hours as its spot crude. Natural gas is one of the most volatile commodities, often moving several percent a day on weather forecasts and US storage data. If you are new to it, trade the smallest size on a demo first.
Which broker offers the widest range of commodity markets?
Pepperstone has 40 commodity CFDs, covering gold, silver, platinum and palladium, copper, aluminium, nickel, lead and zinc, energies and softs such as cocoa, coffee, corn, sugar and wheat. IG's 13,000-market range in Singapore is larger overall. For exchange-traded commodity futures, Phillip Nova, a founding clearing member of SGX's derivatives market, is the local specialist.
What leverage is available on gold?
Pepperstone's Bahamas licence allows retail clients 1:200 on gold, so 0.5% margin, and professional clients 1:500. That is far above what a MAS-licensed provider would allow a retail client. At 1:200, a 0.5% move in gold, which can happen in minutes after US data, is the whole margin on the trade.
What are the overnight financing costs on gold CFDs?
Pepperstone calculates spot gold swaps the same way as FX, using tom-next rates for gold against the US dollar, and charges or credits them at 5pm New York time with a triple charge on Wednesday night. Its gold forward has no separate swap, because funding is built into its price, and its gold perpetual uses a weekly funding rate instead. Check the current long and short swap in the platform before holding.
What are the trading hours for gold in Singapore?
Pepperstone's spot gold trades from 01:01 to 23:59 in server time on weekdays, which in Singapore is about 6am to 5am the next morning during the US summer and an hour later in winter. That leaves a short daily pause in the early morning and the market closes from Saturday morning to Monday morning. The busiest hours for gold in Singapore are the London afternoon and New York morning, roughly 8pm to midnight.
Where can I trade gold 24 hours a day?
Pepperstone's gold perpetual CFD, GOLD-PERP on MT5, cTrader and its own platform or GOLD.P on TradingView, trades 24/7, including weekends and holidays. Spot gold itself closes at weekends. Weekend gold prices are thin, spreads widen and Monday's open can still differ sharply from Friday's close.
Which broker is best for day trading gold?
For day trading gold we pick Pepperstone's Razor account, because the raw spread from 0.08 and a fixed commission keep costs predictable across many trades, and day trades closed before rollover pay no swap. cTrader or MT5 give fast order entry. Expect the biggest moves around 8.30pm or 9.30pm Singapore time, when US data is released.
Which platform is best for commodity CFD trading?
MT5 is the most flexible for commodity CFDs at Pepperstone, as it carries spot, forward and perpetual contracts; MT4 does not list the perpetuals. TradingView adds charting and also lists the perpetuals with a .P suffix. Use a platform that shows the contract's expiry or roll date clearly when you trade forwards.
What margin is required to trade oil CFDs?
Pepperstone's tables put energies at 1:20 retail leverage in one place and commodities other than gold at 1:50 in another, so check the exact margin for your oil symbol in the platform's margin calculator. At 1:20, a US$10,000 oil position needs US$500 of margin. Oil can move 5% in a session, which at that leverage is the entire margin.
Which brokers offer precious metals as CFDs?
Pepperstone offers gold, silver, platinum and palladium CFDs, and XS lists metals on all its accounts. In Singapore, IG Asia, CMC Markets and OANDA Asia Pacific offer precious metal CFDs under MAS licences. Pepperstone also prices gold and silver in several currencies, not only US dollars.
Published 2026-10-21. Informational only, not investment advice. CFDs are leveraged products and most retail accounts lose money.
Our gold pick
Metals and energies on MT5