For Australian traders, Pepperstone is the broker we found offering perpetual CFDs on its Australian site: gold, oil, the NAS100 and US500, and shares such as SpaceX, Nvidia and CXMT, trading 24/7 with a funding rate published a week ahead. None of the other Australian sites we checked, including Capital.com's, list perpetual CFDs.
Short answer: Pepperstone is the pick for perpetual CFDs in Australia, with the same account, platforms and ASIC protections as its other CFDs.
Perpetual CFDs have no expiry and trade 24/7, including weekends and holidays.
Funding replaces the usual swap: one weekly rate set in advance and charged or credited as one-seventh each day at 5pm New York time, with no broker mark-up.
Commission is 0.015% per side on most perpetual CFDs and 0.03% on GOLD-PERP and MSTR.US-PERP, per Pepperstone's AU costs page.
Available on TradingView, MT5, cTrader and the Pepperstone platform and app; MT4 is not on the list.
Pepperstone's list currently has no crypto perpetuals; its crypto CFDs are standard CFDs that also trade 24/7.
What Pepperstone Australia lists
Pepperstone's Australian perpetual page lists equity indices (NAS100, US500), commodities (WTI, Brent and gold) and individual shares including AMD, Alphabet, Strategy (MSTR), Nvidia, SanDisk, Tesla, Micron, SK Hynix, Samsung, SpaceX, CXMT and Unitree, plus a DRAM ETF and a newly added SHEIN contract. Symbols carry a -PERP suffix on MT5, cTrader and the Pepperstone platform, and .P on TradingView.
Because perpetual CFDs sit inside an ordinary Pepperstone account, they come under the same Australian rules: negative balance protection for retail clients, the 50% margin close-out and margin based on ASIC's retail caps.
Perpetual CFDs, 24/7
Trade perpetual CFDs on gold, oil, US indices and shares such as SpaceX and CXMT from the same ASIC-regulated account as your other CFDs.
Pepperstone's Australian site does not publish a retail-loss percentage. Its AU risk warning: "Trading CFDs and margin FX is risky. It isn't suitable for everyone."
No perpetuals, but 24/5 indices
Capital.com's Australian site lists no perpetual CFDs, but it offers 24/5 trading on major index CFDs and guaranteed stop-loss orders.
Capital.com's Australian site does not publish a retail-loss percentage. Its AU risk line: "Most traders lose money."
Pepperstone, Capital.com and XS are our partners. We may earn a commission if you open an account through our links. That does not change the facts on this page.
Your questions, answered
Does Pepperstone offer perpetual CFDs?
Yes. Pepperstone added perpetual CFDs to its range and offers them on its Australian site through Pepperstone Group Limited, AFSL 414530. They trade from the same Standard or Razor account as its other CFDs, with no separate wallet or exchange account. You fund and withdraw the same way, and the products carry the same retail protections.
What perpetual CFDs does Pepperstone offer?
The Australian list covers the NAS100 and US500, WTI and Brent oil, gold, and shares including AMD, Alphabet, Strategy, Nvidia, SanDisk, Tesla, Micron, SK Hynix, Samsung, SpaceX, CXMT, Unitree and SHEIN, plus a DRAM ETF. Pepperstone says the range will keep growing, so check the perpetual tab in your platform for the current list.
Is Pepperstone good for trading perpetuals?
It is a sound choice if you want perpetual-style trading inside a regulated account. The funding rate is set a week ahead, so you know your holding cost in advance, and losing positions go through ordinary margin calls rather than the auto-deleveraging some crypto venues use. The limits: liquidity and spreads can be worse at weekends, the funding rate can change week to week, and there are no crypto perpetuals on its list.
Which brokers offer perpetual CFDs?
Among the Australian broker sites we checked on 21 October 2026, only Pepperstone listed perpetual CFDs. Capital.com's Australian pages offer 24/5 index CFDs but no perpetual contracts, and we found none on the IC Markets, CMC Markets or IG Australian pages we looked at. Perpetual futures on crypto exchanges are a different product and are not ASIC-regulated CFDs.
How do perpetual CFDs work?
A perpetual CFD tracks an underlying price but has no expiry date, so you can hold it as long as your margin covers it. Instead of a swap based on interest rates, a funding payment moves between longs and shorts: when buyers outnumber sellers, longs pay shorts, and the reverse. This keeps the contract near the underlying price. You profit or lose on the price move, minus spread, commission and funding.
Perpetual CFD vs perpetual futures — what's the difference?
Perpetual futures trade on an exchange, often a crypto venue, where funding can be settled every few hours and losing traders can face liquidation fees or auto-deleveraging. A Pepperstone perpetual CFD is an over-the-counter contract with Pepperstone, with one funding rate set weekly, ordinary margin calls and stop-out, and Australian retail protections such as negative balance protection.
What's the difference between a perpetual CFD and a standard CFD?
A standard CFD usually trades in the underlying market's hours and charges an overnight swap based on interest rates; some standard CFDs are dated and roll at expiry. A perpetual CFD trades 24/7, never expires and charges a funding rate tied to the balance of buyers and sellers. Pepperstone's SpaceX range shows the difference: SPCX.US trades in US hours, SPCX.US-24 trades 24/5 and SPCX.US-PERP trades 24/7.
How does funding work on perpetual CFDs?
At Pepperstone the funding rate is derived from the peer-to-peer funding seen on perpetual futures markets, converted into one weekly rate and published before the week starts. One-seventh of it is charged or credited each day at 5pm New York time, and it shows on your platform like a swap. Pepperstone says it adds no mark-up to the funding rate. Whether you pay or receive depends on your side of the market.
How much does it cost to hold a perpetual position overnight?
Multiply your position value by the daily funding. Pepperstone's own example: a 10-ounce gold perpetual at about $4,000 an ounce is a $40,000 position; at a weekly rate of 0.14% the daily charge is 0.02%, or $8, and $56 for the week. Add the spread and commission, which is 0.03% per side on GOLD-PERP and 0.015% on most other perpetual CFDs.
Can I trade perpetual CFDs on TradingView?
Yes, with one condition. Pepperstone lists perpetual CFDs on TradingView with a .P suffix, such as GOLD.P, but TradingView connects only to its Razor account, not Standard. Open a Razor account, connect it through TradingView's trading panel and search for the .P symbol.
Can I trade perpetuals on cTrader?
Yes. Both Pepperstone accounts work with cTrader, and perpetual CFDs appear with a -PERP suffix, for example GOLD-PERP or CXMT.CN-PERP. Pepperstone has a walkthrough video for finding and trading them on cTrader. cTrader's level II view and Smart Stop Out apply to perpetuals as to other CFDs.
Are perpetual CFDs available on MT5?
Yes. MT5 carries Pepperstone's perpetual CFDs under the -PERP suffix on both Standard and Razor accounts. MT4 is not among the platforms Pepperstone lists for perpetuals, so if you use MT4 you would need an MT5, cTrader, TradingView or Pepperstone platform account for them.
Can I trade SpaceX with Pepperstone?
Yes, through three CFDs, none of which gives you the shares. SPCX.US trades in regular US hours with a normal swap, SPCX.US-24 trades 24 hours a day, five days a week, and SPCX.US-PERP trades 24/7 with weekly funding. At weekends, only the perpetual trades, so its price can drift from the last close and gap when the market reopens.
Where can I trade CXMT with leverage?
Pepperstone offers CXMT, China's largest DRAM maker, as the perpetual CFD CXMT.CN-PERP. Its product page sets retail margin at 50% (20% for Pro clients), which is 2:1 leverage for retail. One lot equals one CXMT share, the contract is quoted in USDC and it trades 24/7. You get no rights in CXMT's Shanghai-listed shares.
Which brokers let you trade CXMT?
Of the Australian broker sites we checked, only Pepperstone listed CXMT, as a perpetual CFD. CXMT listed on Shanghai's STAR Market on 27 July 2026, and outside a CFD the usual route would be a broker with access to mainland China A-shares; we did not verify any. Check the CXMT product page for current trading conditions before you trade.
What's the best broker for trading CXMT?
For an Australian resident, we'd pick Pepperstone, since it is the ASIC-licensed firm we found offering CXMT at all. Know the trade-offs: the price is synthetic, it keeps moving at weekends when no shares trade, and funding can be a cost or a credit week to week. The CXMT page lists no commission, while the general costs page shows 0.015% per side for perpetuals, so check the deal ticket.
Which stocks can I trade as perpetuals?
On Pepperstone's Australian list: AMD, Alphabet, Strategy (MSTR), Nvidia, SanDisk, Tesla, Micron, SK Hynix, Samsung Electronics, SpaceX, CXMT, Unitree and SHEIN, plus a DRAM ETF. Several are memory-chip makers, so the list is concentrated in one industry; if you trade more than one, your positions may move together.
Can I trade perpetual CFDs from Australia?
Yes. Australians open the account with Pepperstone Group Limited in Melbourne, so perpetual CFDs come with the protections of its ASIC licence: negative balance protection, a 50% margin close-out and segregated client money. Complaints Pepperstone can't resolve go to AFCA, where its membership number is 28689. Pepperstone's TMD still applies: these products are meant for short-term speculation or hedging.
What leverage applies to perpetual CFDs in Australia?
Retail leverage stays within ASIC's caps for the underlying asset class: 20:1 for gold and major indices, 10:1 for oil, 5:1 for shares. Pepperstone sets the margin per instrument and can be stricter: CXMT's perpetual needs 50% retail margin, which is 2:1. Check the margin in the instrument specification before you trade.
Published 2026-10-21. Informational only, not investment advice. CFDs are leveraged products and most retail accounts lose money.
Perpetual CFDs, 24/7
No perpetuals, but 24/5 indices