Which broker is cheapest for trading Tesla and Nvidia CFDs?
Verdict
- Pepperstone has the lowest published commission we found for Tesla and Nvidia CFDs: $0.02 per share per side on US shares, so 100 shares cost $2 to open and $2 to close, plus the spread.
- Pepperstone doesn't publish its Tesla or Nvidia spreads, and no other firm in our fact pack publishes a US share commission we could verify, so this is cheapest published, not a tested ranking.
- A spread bet on either stock is commission-free at Pepperstone, with the cost in the spread.
- Pepperstone's TSLA and NVDA perpetual CFDs trade 24/7 but are Professional-only in the UK; retail leverage on share CFDs is 1:5.
Tesla and Nvidia are high-priced, heavily traded stocks, which suits a per-share commission: the price you pay doesn't grow with the share price. Pepperstone charges exactly that. Here's what a trade costs at different sizes, how a spread bet compares, and the costs that matter more than commission on these two names.
Pepperstone's pricing on Tesla and Nvidia
Pepperstone Limited (FCA 684312) charges $0.02 per share per side on US share CFDs and ETFs, on Razor and Standard alike. Because the charge is per share, a position in a stock priced in the hundreds of dollars costs a tiny fraction of a per cent in commission. The spread on each stock isn't published, so check the live quote. You can trade both on MT4, MT5, cTrader, TradingView or Pepperstone's own platform, with a £10 card minimum.
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Commission at different position sizes
| Shares | Per side | Open and close |
|---|---|---|
| 25 | $0.50 | $1 |
| 100 | $2 | $4 |
| 500 | $10 | $20 |
| 1,000 | $20 | $40 |
CFD or spread bet for these two stocks
A spread bet at Pepperstone carries no commission: you stake pounds per point and pay the spread. That can suit smaller UK traders who don't want dollar results to convert. Pepperstone says UK spread betting profits are exempt from capital gains tax, while CFD profits are subject to CGT and CFDs carry no stamp duty; your tax position may differ. For active traders in larger size, the CFD's per-share commission is still very small next to the position value, so compare live spreads on both.
Costs that matter more than commission
- Overnight financing: charged on the full position after 10 pm UK time. On a $20,000 Nvidia position, that dwarfs a $2 commission within days.
- Margin: retail leverage on shares is 1:5, so $20,000 of exposure needs $4,000.
- Earnings gaps: both stocks can jump after results, and Pepperstone's stops can't be guaranteed.
- Currency: CFD results are in dollars; a USD base account (one of GBP, USD, EUR or CHF) avoids repeated conversion.
- Extended hours: Pepperstone lists 100+ US share CFDs that trade 24/5 under a '-24' suffix; check whether Tesla and Nvidia are among them on your platform.
Perpetual CFDs: 24/7, for Professionals
Pepperstone lists perpetual CFDs on TSLA and NVDA among its single-stock perps. They have no expiry, trade 24/7 and charge a funding rate set weekly in advance and applied daily. In the UK they're open only to Professional clients, who need two of Pepperstone's three qualifying tests and give up negative balance protection; Pro leverage on stocks is up to 1:20.
Sources
Is the commission the same for Tesla and Nvidia?
Yes. Pepperstone charges $0.02 per share per side on all US share CFDs.
Does the Standard account avoid share commission?
No. At Pepperstone, share CFDs carry commission on both Standard and Razor; only spread bets are commission-free.
Can UK retail clients trade the Tesla perpetual?
No. Pepperstone's perpetual CFDs are for Professional clients only in the UK.
CFDs and spread bets on single stocks are leveraged and volatile, and you can lose money quickly. This is not investment or tax advice; costs are Pepperstone's published figures and can change.