Which broker has the lowest spread on the China A50?
Verdict
- Pepperstone is our pick for the China A50 and publishes its CN50 spread at 10 points minimum and 10.2 points average on Razor, with no commission on index CFDs; we can't call it the lowest, because no other broker in our data publishes an A50 figure.
- The figure comes from Pepperstone's index-fee table on its Australian site (August 2026 data); check the live spread in your own account.
- For Singapore residents, Pepperstone's account sits with its Bahamas entity (SCB, SIA-F217); it holds no MAS licence.
- Before comparing any A50 quote, make sure both are averages and both are for the cash CFD, not a forward.
Plenty of brokers list the China A50; very few publish what it costs. Pepperstone does, which is why it is our pick, but an honest 'lowest' needs a second published number to compare against. Here is Pepperstone's figure, what it costs in money, and the questions that expose a misleading quote.
Pepperstone publishes 10.2 points on CN50
Pepperstone lists the China A50 as CN50 and publishes a Razor spread of 10 points at minimum and 10.2 on average. The gap between the two is small, which means the price you typically get is close to the best price shown. Index CFDs at Pepperstone carry no commission, so that spread is the whole cost of a same-day trade. The A50 sits in the same account as Pepperstone's other Asian indices and its forex, commodity and share CFDs, on the app, MT4, MT5, cTrader and TradingView (Razor).
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Why 'lowest' is hard to prove for the A50
To rank brokers on a spread you need the same kind of figure from each: an average over the same period, for the same contract, with any commission included. For the China A50 our fact base holds only Pepperstone's numbers. XS, which accepts Singapore residents, publishes no A50 spread in our data, and neither do the MAS-licensed firms we track (IG, CMC Markets, Saxo, Plus500, OANDA). A broker advertising a lower 'from' figure may still cost more on average. So we tell you what Pepperstone publishes, and give you the questions to put to anyone else.
What the A50 spread means in money
| Size per index point | Spread cost per round trip |
|---|---|
| 1 unit of contract currency | 10.2 units |
| 5 units | 51 units |
| 10 units | 102 units |
Questions to ask any broker quoting an A50 spread
- Is the figure an average or a minimum, and over which hours?
- Is it for the cash CFD or a forward or futures-based contract?
- Is there a commission on top, and is it per side or per round trip?
- What is the contract currency and value per point?
- Which company would hold my account, and which regulator supervises it?
Leverage and the licence caveat
Retail clients of Pepperstone's Bahamas entity can use up to 1:200 on major indices; professional clients reach 1:100 on minor indices and 1:500 on majors. Check how CN50 is classed in the margin table before you size a trade. On regulation, Pepperstone has no Singapore entity and the MAS directory shows no result for it; it names no compensation scheme for these clients.
Sources
Pepperstone pages behind the figures.
What is Pepperstone's China A50 symbol?
CN50.
Is there a commission on CN50?
No. Pepperstone charges no commission on index CFDs.
Does Pepperstone publish a Standard-account A50 spread?
Not in the index-fee data we hold; only the Razor figure (10 minimum, 10.2 average) is listed.
Is the A50 spread wider than HK50?
In points, yes: 10.2 on average against 5 on HK50. The indices trade at different levels, so compare cost relative to the index's typical move.
China A50 CFDs are leveraged and can move sharply on policy news, so losses can mount quickly. Spreads are as Pepperstone publishes them and can change. This is not investment advice.