What commission is charged on ASX share CFDs?
Verdict
- At Pepperstone, our pick, ASX share CFDs cost 0.07% of the trade value per side with no minimum charge, so a A$10,000 trade pays A$7 to open and about A$7 to close.
- That is Pepperstone's lowest percentage share rate: UK and German share CFDs are 0.10% per side and Hong Kong 0.20%.
- Commission isn't the whole cost; the spread and nightly financing apply too, and on longer holds financing can exceed the commission.
- Trading 212 runs a commission-free CFD account with a 0.5% FX fee; our data has no ASX share commission for Capital.com, so check its fee page.
ASX share CFD providers charge either a percentage of each trade or price everything into the spread. A percentage with no minimum is easy to calculate in advance, which is why we lead with Pepperstone's published rate and the numbers it produces at common trade sizes.
Pepperstone's ASX rate: 0.07% each way
Pepperstone Group Limited (ASIC, AFSL 414530) charges 0.07% per side on its 200 ASX share CFDs and lists no minimum fee, so even a small trade pays only the percentage. Commission is charged when you open and again when you close, on the value at each point. Accounts can be held in AUD, so there's no currency conversion on local shares, and they open from $10.
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Commission at common trade sizes
With no minimum, the rate scales down for small trades instead of charging a flat floor. On large trades the percentage keeps climbing, so a heavy trader should compare it with spread-only pricing.
| Trade value | Per side | Round trip |
|---|---|---|
| A$500 | A$0.35 | A$0.70 |
| A$2,000 | A$1.40 | A$2.80 |
| A$10,000 | A$7 | A$14 |
| A$50,000 | A$35 | A$70 |
| A$100,000 | A$70 | A$140 |
ASX against Pepperstone's other share markets
- Australia: 0.07% per side.
- United Kingdom and Germany: 0.10% per side.
- Hong Kong: 0.20% per side on the Australian fee page.
- United States: $0.02 per share per side, which is cheaper on high-priced stocks and dearer, relative to value, on low-priced ones.
Costs beyond the commission
- Spread: the gap between buy and sell prices, paid on every trade.
- Overnight financing: charged on long positions held past the daily cut-off; short positions may pay or receive it depending on rates.
- Currency conversion: only relevant if your account isn't in AUD.
- No account fees: Pepperstone charges no inactivity or account-keeping fee, though balances under 10 currency units unused for three months may be archived.
Is 0.07% good value for how you trade?
For someone placing a few trades of A$2,000 to A$10,000 a month, the commission is a few dollars a trade and the bigger cost is usually financing on positions held for weeks. If you mostly want broad ASX exposure, the AUS200 index CFD charges no commission at all, with a published average spread of 1.5 points. Capital.com (AFSL 513393), our second choice, is worth comparing on its own fee page, especially if you want guaranteed stops.
Sources
Commission and account fees as published.
Is the commission charged when I open and when I close?
Yes. 0.07% applies to each side, based on the trade's value at the time.
Does Pepperstone's Standard account charge commission on shares?
Yes. Standard has no commission on currencies, but share CFDs carry commission on either account.
Is there a monthly fee for holding share CFDs?
No account or inactivity fee, but each night a position stays open adds a financing charge.
Share CFDs are complex and use leverage, so losses can mount quickly and exceed what you expect. Commission rates are as published and can change. Read the PDS and TMD before trading; nothing here is investment advice.