best gold trading platform australia
Verdict
- Pepperstone is our best gold trading platform in Australia: one ASIC-regulated account gives you XAU/USD on MT4, MT5, cTrader, TradingView and Pepperstone's own app, at published averages of 0.12 on Razor and 0.19 on Standard.
- The platform you choose changes the commission, not the price: Razor gold is AUD 4.50 per side on MT5 in an AUD account, or USD 3.50 per side on cTrader in a USD account; Standard has no commission.
- MT4 and TradingView require a Razor account; Standard runs on MT5, cTrader and the Pepperstone app.
- Capital.com, our second choice, adds guaranteed stops across its own platform, MT4, MT5 and TradingView.
Gold traders use 'platform' to mean two things: the company quoting the price and the software you click in. We cover both, because at Pepperstone your choice of software also decides what you pay on each lot.
Pepperstone: five pieces of software, one gold price
Pepperstone Group Limited holds ASIC licence AFSL 414530 and quotes gold to Australian clients at a published average of 0.12 on Razor and 0.19 on the commission-free Standard account. You can fund instantly from $10 by PayID, card or Apple Pay, hold the account in AUD or USD, and switch between platforms without changing the underlying price. Retail leverage on gold is 1:20.
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Matching the software to how you trade gold
Standard-account gold carries no commission on any of these; its cost is the wider 0.19 average spread.
| Platform | Accounts | Suits | Razor gold commission |
|---|---|---|---|
| MT5 | Standard and Razor | Expert advisors, depth of market, most indicators | AUD 4.50 per side (AUD account) |
| cTrader | Standard and Razor | C# bots via cTrader Automate, detailed order tickets | USD 3.50 per side (USD account) |
| TradingView | Razor only | Chart-led traders who already analyse there | Per Razor schedule; confirm for XAU/USD |
| MT4 | Razor only | Older EAs that have not been ported to MT5 | Charged when the trade opens; confirm for XAU/USD |
| Pepperstone web and app | Standard and Razor | Mobile monitoring and the 24/7 GOLD perpetual | Per Razor schedule |
Which account for a gold trader
Gold's spread is quoted in US dollars per ounce, so the 0.12 Razor average equals $12 on 100 ounces, the common size of one standard gold lot (check the contract size in the symbol specification). On cTrader with a USD account that's $12 plus $7 commission, or $19 per round trip. Standard costs the same $19 at its 0.19 average with nothing added. Choose Razor if you want TradingView or MT4; choose Standard if you prefer one simple number.
Features that matter more for gold than for currencies
- Weekend gaps: gold often reopens on Monday at a different price. Pepperstone has no guaranteed stops, so a stop can fill beyond its level.
- The GOLD perpetual CFD trades 24/7 with 0.03% commission per side and a daily funding charge; Pepperstone's Australian pages don't say whether retail clients can trade it, so ask first.
- Margin: at 1:20 you post 5% of the position's value, and professional clients can reach 1:500.
- Alerts and mobile access: the Pepperstone app and the MT5 and cTrader mobile apps let you manage gold trades away from your desk.
When Capital.com is the better gold platform
If guaranteed exits matter more to you than a published spread, look at Capital.com. Its Australian company (AFSL 513393) allows 20:1 on gold for retail clients, offers guaranteed stop-losses, and runs its own web platform and app alongside MT4, MT5 and TradingView, with a $20 minimum deposit. Our data holds no gold spread for it, so compare the live quote with Pepperstone's before you commit.
Sources
Platform, commission and spread details as published.
Can I trade gold on TradingView with Pepperstone in Australia?
Yes, with a Razor account. The Standard account doesn't connect to TradingView.
Does the platform change the gold spread?
No. The price comes from Pepperstone, whichever software you use; only the commission differs between platforms on Razor.
Can I trade gold from my phone?
Yes, through the Pepperstone app or the MT5 and cTrader mobile apps. TradingView's app also works with a Razor account.
Gold CFDs are complex, leveraged products, and their prices can move and gap sharply, so you can lose money fast. Read the PDS and TMD before trading. Spreads are broker-published averages; this page is general information, not investment advice.