Pepperstone or IG, which is better for trading gold?
Verdict
- For gold, Pepperstone is our pick because it publishes its gold spread, 0.12 on Razor (plus $3.50 per side) and 0.19 on Standard, both averages; we hold no verified IG gold spread, so an IG gold trade can't be priced against it.
- IG has tools Pepperstone lacks: guaranteed stop-losses (on IG's UK site, free to place with a premium only if triggered) and, for Dubai clients, a limited-risk account and a swap-free account.
- IG's Dubai business is IG Limited in the DIFC, regulated by the DFSA (F001780).
- Pepperstone's UAE retail leverage on gold is 1:200.
Gold traders care about three things: what a trade costs, what happens when price gaps through a stop, and what it costs to hold overnight. Pepperstone and IG each win a different one.
Pepperstone for gold cost, IG for downside control
Pepperstone is our pick because its gold pricing is published and low: an average spread of 0.12 on Razor with $3.50 commission per side, or 0.19 on the commission-free Standard account, about $19 per 100 ounces either way. We don't hold a verified IG gold spread, so we can't put a figure on the IG side; check IG's gold market page and compare live quotes at the same moment. Where IG is ahead is in limiting losses.
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What IG offers gold traders that Pepperstone doesn't
- Guaranteed stop-losses: IG's UK site says they are free to place, with a premium charged only if triggered. Pepperstone publishes no guaranteed stop, and an ordinary stop can slip in a fast gold market.
- A limited-risk account for Dubai clients, where you can't lose more than the account holds; on IG's standard Dubai account, you can.
- A swap-free account listed for its Dubai entity, with terms not published. Pepperstone does not provide a swap-free account to UAE residents.
- More platforms: IG's web platform and app, MT4, MT5, ProRealTime, L2 Dealer, TradingView and APIs.
Gold trading terms side by side
| Pepperstone | IG | |
|---|---|---|
| Company for UAE clients | Pepperstone Markets Limited (SCB Bahamas); group DIFC company regulated by the DFSA (F004356) | IG Limited, DIFC, regulated by the DFSA (F001780) |
| Published gold pricing | 0.12 avg + $3.50/side (Razor); 0.19 avg (Standard) | Not in our verified data |
| Retail gold leverage | 1:200 | Not in our verified data |
| Guaranteed stops | Not published | Yes (UK site; premium if triggered) |
| Loss limit | Negative balance protection for retail clients | Limited-risk account; standard Dubai account can go negative |
| Swap-free for UAE residents | No | Listed for the Dubai entity; terms not published |
| Minimum deposit | $10 | $300 for Dubai in IG's international table; IG's help centre gives lower UK figures |
Which gold trader should pick which
- Short-term and frequent gold traders: Pepperstone, where the published spread and commission make costs predictable, with cTrader, MT4, MT5 or TradingView on Razor.
- Traders holding through US data or weekends who want a hard floor on losses: IG's guaranteed stops or its limited-risk account.
- Traders who need swap-free gold: IG lists a swap-free account for Dubai, and among our top three, Capital.com and XS offer one to UAE residents.
Sources
Terms as published by Pepperstone and IG.
Does Pepperstone offer guaranteed stop-losses on gold?
Pepperstone doesn't publish a guaranteed stop. Its terms describe stops that become market orders when triggered and can fill at a worse price.
Is IG regulated in Dubai?
Yes. IG Limited is in the DIFC, with DFSA reference F001780.
What leverage do I get on gold at Pepperstone in the UAE?
Up to 1:200 as a retail client, or 1:500 if you qualify as professional.
Which is cheaper for gold?
Pepperstone can be priced from published averages (about $19 per 100 ounces); we hold no verified IG gold spread, so compare both live.
CFDs are complex, leveraged products, and you can lose money quickly. Make sure you understand the risks and can afford the loss before you trade. This comparison uses broker-published terms and is not investment advice; verify current terms with each broker before opening an account.