What is the spread on the AUS200 index CFD?
Verdict
- At Pepperstone, our recommended broker, the AUS200 index CFD has a 1-point minimum and a 1.5-point average spread, identical on Razor and Standard accounts, according to its August 2026 data.
- There is no commission on index CFDs, so the spread is the full dealing cost of an AUS200 trade.
- The AUS200 forward (AUS200-F) is pricier to enter, with a 3-point minimum spread, because it is built for longer holds.
- A day trader making four round trips a session pays about 6 index points in spread at the average.
The AUS200 is Pepperstone's CFD on the ASX 200. Its spread is published, it does not change with account type, and there is no commission on top. Here are the numbers, how they compare with Pepperstone's other indices, and what they mean in practice.
Pepperstone's AUS200 spread
Pepperstone's Australian index fee table shows AUS200 at a 1-point minimum and a 1.5-point average on Razor, and the same on Standard. That is unusual: on most other indices Razor is tighter, but on the ASX 200 there is no advantage to the commission account, and index CFDs carry no commission anyway. In practice that means a Standard account, with no commission on FX either, is a sensible home for someone who mostly trades the local index. Pepperstone Group Limited issues these CFDs under ASIC licence AFSL 414530.
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How the AUS200 compares with other indices at Pepperstone
Spreads are in index points, and each index has a different level and value per point, so compare them as a share of the index or in dollars per contract rather than point for point.
| Index | Razor | Standard |
|---|---|---|
| AUS200 | 1 / 1.5 | 1 / 1.5 |
| HK50 | 5 / 5 | 5 / 5 |
| US500 | 0.4 / 0.4 | 0.5 / 0.5 |
| NAS100 | 1 / 1 | 1.2 / 1.2 |
| GER40 | 0.9 / 1 | 1.2 / 1.3 |
| JPN225 | 7 / 7.4 | 9 / 9.4 |
Minimum vs average: which number to use
The minimum is the tightest quote seen in the period; the average is what you would typically pay. For AUS200 the gap is half a point, which means the quote often sits above the minimum. Budget on the average. If you trade at the open or around RBA announcements, expect to pay more than either figure for a short time.
What the spread costs a day trader
- One round trip: 1.5 points at the average.
- Four round trips a session: about 6 points.
- Twenty sessions at that pace: about 120 points a month, before financing on any position held overnight.
- Multiply by the value per point shown in the symbol specification to convert points into dollars.
Sources
Is there commission on the AUS200 at Pepperstone?
No. Index CFDs at Pepperstone are commission-free; the spread is the dealing cost.
Why is the AUS200-F spread wider?
The forward is a dated contract whose price includes the cost of carrying the position, so it is designed for longer holds and has a 3-point minimum spread.
What is Capital.com's AUS200 spread?
We found no published static AUS200 spread for Capital.com; check its live platform quote. It does offer guaranteed stop-losses, which Pepperstone does not.
Spreads vary with market conditions; the figures above are Pepperstone's published minimums and averages for the stated period. CFDs are leveraged and can lose you money rapidly. Not investment advice.