Our pick is Pepperstone, a CFD broker that has taken perpetual contracts beyond crypto: no-expiry contracts on gold, oil, the US 500, the Nasdaq 100 and shares such as Nvidia and Tesla, with funding set weekly in advance. Singapore residents trade them through Pepperstone's Bahamas-licensed company, not under MAS.
Short answer: Pepperstone is our perpetual CFD pick for its product range and predictable weekly funding; perps are still leveraged and riskier at weekends.
Pepperstone's perpetual list includes gold, Brent, WTI, US 500, Nasdaq 100 and shares including Nvidia, Tesla, AMD, Alphabet, Micron, Samsung Electronics and SK Hynix.
Commission: 0.015% per side, or 0.03% on the gold and MSTR contracts, on top of the spread.
Funding is published weekly and charged or credited as one seventh a day at 5pm New York time, with no broker mark-up.
Available on MT5, cTrader, TradingView (with a .P suffix) and Pepperstone's own platform; not on MT4.
The gold perpetual trades 24/7, including weekends and holidays.
Why perps exist outside crypto
Perpetual contracts started on crypto exchanges, where they let traders hold leveraged positions without an expiry. Pepperstone has carried the idea into a regulated CFD account, so the same margin, platforms and withdrawals apply as for its other CFDs.
For a Singapore trader, the appeal is weekend gold and positions you can hold without rolling a futures contract. The catch is that weekend liquidity is thin and the funding rate changes every week.
Our perpetual pick
Perpetual CFDs across commodities, US indices and single stocks, funding published a week ahead with no mark-up, and the gold perp open 24/7, on MT5, cTrader, TradingView and its own platform.
Pepperstone's international site states that 80% of retail investor accounts lose money when trading CFDs with this provider.
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
What instruments are available as perpetual CFDs?
Pepperstone's fee page lists perpetual CFDs on gold, Brent and WTI oil, the US 500 and Nasdaq 100, and US shares including AMD, Alphabet, Micron, Nvidia, SanDisk, Tesla and MSTR. It also lists Korean names, Samsung Electronics and SK Hynix, which matter to Asian-hours traders. Look for the PERP suffix in the platform's symbol list, as the range changes.
What is the difference between a perpetual CFD and a standard CFD?
A standard spot CFD, such as spot gold, has no expiry but pays or earns an overnight swap and closes at weekends. A perpetual CFD also has no expiry, but replaces the swap with a funding rate based on whether buyers or sellers dominate, and the gold perp trades through weekends. Each perp trade also pays a commission of 0.015% per side at Pepperstone, so a US$20,000 position costs US$3 to open.
Are perpetual CFDs available on MT5?
Yes. Pepperstone lists its perpetual CFDs on MT5, where gold appears as GOLD-PERP. They are not listed for MT4, so an MT4 user would need to open an MT5, cTrader, TradingView or Pepperstone-platform account to trade them. Margin and stop-out rules on MT5 work the same way as for other CFDs.
Can I trade perpetuals on cTrader?
Yes, Pepperstone's perpetual CFDs are available on cTrader, using the same GOLD-PERP style of naming as on MT5. cTrader shows the commission on every order ticket, which helps because perps carry 0.015% per side. cBots on cTrader can also manage perpetual positions over a weekend when you are away.
Can I trade perpetual CFDs on TradingView?
Yes. On TradingView, Pepperstone's perpetual CFDs carry a .P suffix, so gold appears as GOLD.P. Note that TradingView only connects to Pepperstone's Razor account. You can chart and trade the gold perp from TradingView over a weekend, when spot gold is closed.
How much does it cost to hold a perpetual position overnight?
The holding cost is the funding rate: one seventh of that week's published rate, applied each day at 5pm New York time, or about 5am in Singapore during the US summer. Pepperstone's example is a 0.14% weekly rate on a US$40,000 gold position, which costs US$8 a day on the paying side. If you are on the receiving side, the same amount is credited instead.
Is perpetual funding charged daily or hourly?
At Pepperstone, daily. It converts funding into one weekly rate, published before the week starts, and applies one seventh of it each day at 5pm New York time. Many crypto-native perpetual venues pass funding through several times a day, which makes Pepperstone's version easier to budget for.
Is it cheaper to hold a perpetual CFD or roll a futures contract?
It depends on the week's funding rate against the futures basis, so there is no fixed answer. Pepperstone's gold forward CFD builds its funding into the price and rolls to the next futures month automatically, while the perp charges a weekly-set rate; comparing the forward's discount or premium with the perp's published rate for the same week shows which is cheaper. Do the sum before holding either for a month.
Where can I trade perpetuals on stocks, commodities and indices?
Pepperstone is the broker we found offering all three as perpetual CFDs in one account: stocks such as Nvidia and Tesla, commodities such as gold and oil, and indices such as the US 500 and Nasdaq 100. Singapore's MAS-licensed CFD providers did not list perpetual CFDs on the pages we checked. Crypto exchanges offer perpetuals mostly on crypto.
Do perpetual CFDs have an expiry date?
No. A perpetual CFD stays open as long as you hold enough margin, with no expiry or rollover to manage. That is the main difference from a futures contract or a forward CFD, which expires or rolls on a set date. Funding, not an expiry, is what keeps the perp's price close to the underlying.
Perpetual CFDs versus futures, which is better?
Futures are exchange-traded and centrally cleared, which suits traders who want a regulated exchange; in Singapore, Phillip Nova offers SGX and global futures under its MAS licence. Perpetual CFDs are simpler, with no expiry, smaller sizes and weekend trading on gold, but they are an over-the-counter contract with your broker. If you value an exchange and a clearing house, choose futures.
Published 2026-10-21. Informational only, not investment advice. CFDs are leveraged products and most retail accounts lose money.
Our perpetual pick