3D illustration of gold bars, oil barrels and dollar coins on a tiered podium representing commodities

How much does trading on commodities cost?

Our commodities spreads start from just 2 points on oil and 0.1 points on gold.¹

Spreads

Our spreads are always very competitive, but vary by market and conditions. Check the table below for our minimum and average spreads by market.2

SymbolCFD trading (Razor)CFD trading (Standard)Spread betting
Min SpreadAve SpreadMin SpreadAve SpreadMin SpreadAve Spread
Spot Gold
Spot Gold AUD0.200.610.200.610.200.61
Spot Gold CHF0.140.450.140.450.140.45
Spot Gold EUR0.200.350.200.350.200.35
Spot Gold GBP0.200.360.200.360.200.36
Spot Gold JPY205520552055
Spot Gold USD0.050.180.050.180.050.18
Spot Gold CNH0.5902.5070.5902.5070.5902.507
Spot Gold SGD0.0400.5120.0400.5120.0400.512
Spot Gold THB23.35551.51523.35551.51523.35551.515
Spot Silver
Spot Silver AUD0.0220.0380.0220.0380.0220.038
Spot Silver EUR0.0100.0220.0100.0220.0100.022
Spot Silver USD0.0100.0200.0100.0200.0100.020
Spot Silver SGD0.0250.0350.0250.0350.0250.0035
Palladium
XPDUSD3.894.813.894.813.894.81
Platinum
XPTUSD2.382.612.382.612.382.61

Commission

We don't charge commission on commodity CFDs.

Trading commodity futures as CFD forwards

In addition to commodities spot markets, we offer forward CFD contracts that derive their prices from the relevant underlying front-month oil, gold and silver futures. 

There is no additional overnight funding charge to pay when trading forwards, as this cost is factored into the spread. And forwards are automatically rolled over to the next month's contract if still held at expiry.

For other fees that may apply to your trading, visit our costs and charges page.

1Other fees may apply

2All spreads are generated from data between 01/07/2025 and 31/07/2025

Commodity trading fees | Pepperstone | Pepperstone