What is the spread on Brent crude?
Verdict
- Pepperstone is our pick for trading Brent from Singapore, but we hold no verified Brent spread figure for it or any other broker, so we don't quote one; read the live and average spread in the platform before trading.
- What is published: Pepperstone's Brent perpetual (BRENTOIL-PERP) is on the Bahamas retail margin table that applies to Singapore clients, trades 24/7 and carries a 0.015% commission per side on its fee page.
- Retail leverage on commodities other than gold is up to 1:50 at the Bahamas entity, so a $10,000 Brent position needs $200 of margin.
- Pepperstone holds no MAS licence; Singapore residents are served by Pepperstone Markets Limited (SCB, SIA-F217).
A Brent spread is the gap between the buy and sell price, quoted in cents per barrel, and it moves with liquidity. We publish only figures we can source, and no verified Brent spread is in our data. Here is what Pepperstone does publish about trading Brent, and how to judge any quote you see.
Brent at Pepperstone: what we can and can't confirm
Pepperstone's account tables count 40 commodity CFDs, and its Bahamas retail margin table lists BRENTOIL-PERP alongside WTI, gold and two US index perpetuals. Its spread for Brent did not appear in the material we verified, so instead of printing a number that might be wrong, we point you to the instrument's live quote and the averages shown in the platform. We still rate Pepperstone first for oil traders in Singapore because the rest of the package is clear: spread-plus-commission pricing on the perpetual, 1:50 retail leverage on energy, SGD accounts from $10, and MT5, cTrader, TradingView and its own app for the perpetual.
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Two ways to trade Brent at Pepperstone
| Brent CFD | BRENTOIL-PERP | |
|---|---|---|
| Expiry | See contract specification | None |
| Trading hours | Normal weekly schedule | 24/7 |
| Holding cost | Overnight financing | Funding rate set weekly, applied daily at 5 pm New York |
| Commission | Not in our data | 0.015% per side (Pepperstone fee page) |
| Retail leverage, Bahamas entity | Up to 1:50 | See the retail margin table |
Worked example: commission and margin on the perpetual
Take a Brent perpetual position worth $10,000. The 0.015% commission is $1.50 to open and $1.50 to close, $3 in all, before the spread you see in the platform and any funding while you hold. If the perpetual is margined at the same 1:50 that applies to non-gold commodities, the position needs $200 of margin, and a 2% move in oil against you, which Brent can make in a session, uses the lot. The perpetual's 24/7 schedule lets you react to weekend headlines, but weekend prices can move sharply on little volume.
How to read a Brent spread when you find one
- Make sure it is an average, not a 'from' minimum; the two can differ a lot.
- Check whether a commission is added and whether it is per side or per round trip.
- Note which contract the quote is for: a cash CFD, a dated contract or a perpetual.
- Look at the spread around the weekly US inventory report and OPEC news, when it can widen.
- Convert to money: spread in cents per barrel times the barrels in your position.
Regulation and the alternatives
Pepperstone has no MAS licence and names no compensation scheme for its Bahamas clients. XS accepts Singapore residents, but we hold no verified oil pricing for it. MAS-licensed firms such as IG, CMC Markets and Saxo offer commodity CFDs; ask them for their average Brent spread and run the comparison above.
Sources
Pepperstone documents used.
Does Pepperstone publish a Brent spread?
Not in the material we verified, so we don't quote one. Check the live and average spread in your platform.
What is the commission on Pepperstone's Brent perpetual?
0.015% per side, according to Pepperstone's costs page, with no minimum.
Can I trade Brent at the weekend?
Through BRENTOIL-PERP, which Pepperstone says trades 24/7.
How much leverage is available on Brent for Singapore clients?
Retail leverage on commodities other than gold is up to 1:50 at Pepperstone's Bahamas entity.
Oil CFDs are leveraged and crude prices can swing sharply on supply news, so losses can be fast. Pepperstone Markets Limited states that 80% of retail investor accounts lose money with it. Not investment advice.