Is the Pepperstone app good for trading gold and indices?
Verdict
- Yes. Pepperstone's app is good for gold and indices: gold averages 0.12 on Razor and 0.19 on Standard, index CFDs carry no commission, and NAS100 averages 1 point.
- The app also carries perpetual CFDs on gold, NAS100 and US500, which have no expiry and trade 24/7.
- Two caveats: Pepperstone offers no guaranteed stops, and for Hong Kong residents the account is with its Bahamas entity (SCB, SIA-F217), not an SFC-licensed firm.
- Retail leverage at that entity is up to 1:200 on gold and major indices.
Gold and indices are where Pepperstone publishes its clearest prices, and its app carries both, plus perpetual versions. So the short answer is yes. The longer answer covers what each costs in the app, what perpetuals add, and where the app is not the right tool.
Yes, with two caveats
Pepperstone's app runs on both Standard and Razor accounts, so you choose between all-in spreads and raw spreads plus commission. Gold and index CFDs are among the best-documented products Pepperstone offers, with published averages for each. The caveats: stop-losses are not guaranteed, and the Hong Kong account is regulated offshore.
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Gold in the app
- Razor: 0.12 average spread plus $3.50 commission per side.
- Standard: 0.19 average spread, no commission.
- Retail leverage up to 1:200 at Pepperstone Markets Limited.
- GOLD-PERP: gold without an expiry date, with a funding rate set weekly and applied daily.
Indices in the app
Index CFDs carry no commission on either account, so for an index-only trader Razor is cheaper by its spread difference alone, and on HK50 the two accounts cost the same.
| Index | Razor | Standard |
|---|---|---|
| US500 | 0.4 | 0.5 |
| NAS100 | 1 | 1.2 |
| US30 | 2 | 2.3 |
| GER40 | 1 | 1.3 |
| HK50 | 5 | 5 |
| JPN225 | 7.4 | 9.4 |
Perpetual CFDs: gold and NAS100 without rolling
Pepperstone's Bahamas retail margin table lists GOLD-PERP, NAS100-PERP and US500-PERP. Perpetuals have no expiry; Pepperstone sets the funding rate weekly in advance and applies it daily at 5 pm New York time, and they trade 24/7. They are available in the Pepperstone app, MT5, cTrader and TradingView. The weekly funding rate is the number to check before holding one for days.
Where the app falls short
- No guaranteed stop-loss: in a gold gap a stop fills at the next price. Capital.com offers guaranteed stops.
- Automation: expert advisors need MT4 or MT5, and cBots need cTrader; the app is for manual trading.
- Regulation: Pepperstone holds no SFC licence, and the Bahamas entity names no compensation scheme.
- Index spreads are Pepperstone's published figures from its Australian page; check the live quote in the app.
Sources
Figures as published by each broker or regulator on its own site.
Can I trade gold perpetuals in the Pepperstone app?
Yes. Pepperstone lists its perpetual CFDs, including GOLD-PERP, on its app as well as MT5, cTrader and TradingView.
Is there commission on indices in the Pepperstone app?
No. Index CFDs are spread-only on both accounts.
Does the Pepperstone app work for Hong Kong residents?
Pepperstone's international site, which serves Hong Kong through its Bahamas entity, offers the app. Pepperstone has no SFC licence.
CFDs are complex, leveraged products, and most retail traders who use them lose money, often fast. Make sure you understand how they work and can afford the loss. This is not investment advice; broker terms quoted here can change after publication.