What is the best gold trading platform in Singapore?
Verdict
- Pepperstone is our pick for trading gold from Singapore: published average XAU/USD spreads of 0.12 on Razor (plus $3.50 commission per side per lot) and 0.19 on Standard with no commission.
- Spot gold CFDs run on MT4, MT5, cTrader, TradingView (Razor) and Pepperstone's app, with retail leverage up to 1:200 under its Bahamas licence.
- Pepperstone holds no MAS licence; Singapore residents are served by Pepperstone Markets Limited (SCB, SIA-F217).
- XS and the MAS-licensed brokers in our data do not publish an average gold spread we can compare; CMC Markets lists gold from 0.2 points on its UK site.
Gold CFDs trade through the Asian session as well as the European and US ones, which suits traders in Singapore. The cost of a gold trade is the spread plus any commission, and Pepperstone publishes both. Here is how its two accounts compare on gold, which platform to use, and what leverage means at this price level.
Pepperstone for gold: published costs
Pepperstone publishes an average XAU/USD spread of 0.12 on Razor and 0.19 on Standard. Razor adds commission of $3.50 per side per lot, including on cTrader, where gold is priced differently from FX commission. Standard has no commission. Its UK site shows a Razor minimum of 0.08 on spot gold, though an average is the better guide to what you will usually pay. Gold is part of a range of 40 commodity CFDs in Pepperstone's account tables.
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What is the best platform to trade gold in Singapore?
The platform is a matter of how you trade; the account behind it decides the cost:
- TradingView if you trade gold off chart levels and want to place orders from the chart (Razor accounts).
- MT4 or MT5 if you run expert advisors on gold, with Pepperstone's Smart Trader Tools.
- cTrader if you want C# bots through cTrader Automate.
- Pepperstone's app for managing positions through the evening US session from your phone.
Razor or Standard for gold?
Razor narrows the spread to 0.12 and adds a fixed $7 round-turn commission per lot; Standard keeps a wider 0.19 spread with no commission. Which works out cheaper depends on the contract size of one gold lot, which you should read in your platform's symbol specification before comparing. As a rule, the more ounces each lot represents, the more Razor's narrower spread saves against its fixed commission. Pepperstone's AUD accounts pay AUD 4.50 per side on XAU/USD rather than the FX rate.
| Razor | Standard | |
|---|---|---|
| Average XAU/USD spread | 0.12 | 0.19 |
| Commission per lot | $3.50 per side | None |
| Platforms | MT4, MT5, cTrader, TradingView, app | MT4, MT5, cTrader, app |
Leverage on gold: what 1:200 means
Retail clients of Pepperstone's Bahamas entity can use up to 1:200 on gold. At that ratio, a gold position worth $20,000 needs only $100 of margin, and a 0.5% fall in the gold price would consume all of it. Gold can move that much in a short time on a news-heavy day. Pepperstone publishes no guaranteed stop-loss, so in a fast market a stop can fill below your level. Professional clients can use up to 1:500 on gold.
A gold perpetual for longer holds
GOLD-PERP appears on the Bahamas entity's retail margin table. Perpetual CFDs have no expiry and use a funding rate set weekly in advance and applied daily at 5 pm New York time, instead of the usual overnight swap. Read its terms in the platform before holding it, and compare its spread with spot gold's.
Sources
Pepperstone and CMC pages behind this page.
Is gold trading at Pepperstone regulated in Singapore?
No. Gold CFDs for Singapore residents are offered by Pepperstone Markets Limited under its Bahamas SCB licence. Pepperstone has no MAS licence.
Do I own physical gold with a gold CFD?
No. A CFD tracks the gold price; you own no metal and pay financing on positions held overnight.
Can I trade gold in Singapore dollars at Pepperstone?
You can hold an SGD base-currency account and trade XAU/USD from it; profits and losses are converted into your account currency.
Gold CFDs are leveraged and volatile, and you can lose money rapidly. Pepperstone Markets Limited states that 80% of retail investor accounts lose money trading CFDs with it. Figures are broker-published and may change; this page is not investment advice.