Is Pepperstone good for trading perpetuals?
Verdict
- Yes, with one caveat: Pepperstone is the only broker in our verified data with a published, priced range of perpetual CFDs, and it is our pick for them, but its Australian site does not state whether retail clients can trade them.
- Costs are clear: 0.015% commission per side on most perpetuals, 0.03% on GOLD and MSTR, no minimum, plus a funding rate Pepperstone fixes a week ahead.
- The range covers indices, oil, gold and single stocks such as NVDA, TSLA and SPCX (SpaceX), not cryptocurrencies.
- Weak points: no guaranteed stop-loss, weekend price gaps, and no perpetual margin rate on the Australian pages we checked.
Judged on what Pepperstone publishes, its perpetual CFDs score well on cost transparency and platform choice, and less well on disclosure for Australian retail clients. Our scorecard follows, strengths first.
Where Pepperstone does well
Taken together, this is a cleaner way to hold continuous, non-expiring exposure to stock indices or large US names than most alternatives we know of.
- Platform choice: TradingView, MT5, cTrader and the Pepperstone app all carry the perpetuals.
- A holding cost you can plan: funding is set for the week before it is applied each day at 5 pm New York time.
- Percentage commission with no minimum, so a small position pays a small fee: 0.015% of a $2,000 position is 30 cents each way.
- No crypto wallet or exchange account: the contracts sit with Pepperstone Group Limited (AFSL 414530), like your other CFDs.
- Trading 24/7, weekends included.
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Where it falls short
- Eligibility: the UK site restricts perpetual CFDs to professional clients, and the Australian pages say nothing either way about retail access.
- Margin: the Australian pages give the commission but no perpetual-specific margin or leverage figure.
- No crypto underlyings: the list is indices, commodities and shares only.
- Risk tools: Pepperstone offers no guaranteed stop-loss, and a market that trades through the weekend can gap past an ordinary stop.
- No MT4.
The range at a glance
| What you might want | What Pepperstone publishes |
|---|---|
| Index exposure | NAS100, US500 |
| Commodities | GOLD, WTOIL, BRENTOIL |
| Single stocks | AMD, CXMT.CN, DRAM, GOOGL, MSTR, MU, NVDA, SKHYNIX.KR, SMSN.KR, SNDK, SPCX, TSLA |
| Commission | 0.015% per side; 0.03% on GOLD and MSTR |
| Holding cost | Daily funding at a weekly-set rate |
| Hours | 24/7 |
| Retail access in Australia | Not stated |
Who should use them, and who should wait
They suit a trader who wants to keep a view on the Nasdaq 100, gold or a stock like Nvidia open through the weekend without rolling a dated contract. As a retail client, confirm access with Pepperstone before you plan around them. If you qualify as a wholesale client, weigh the higher limits against losing full negative balance protection, since Pro cover is one-time and capped at USD 100,000. If crypto perpetuals are what you are after, this is not the product: Pepperstone's crypto exposure comes through ordinary crypto CFDs, capped at 1:2 for Australian retail clients.
Sources
Product terms as Pepperstone publishes them.
Is there a minimum commission on Pepperstone perpetuals?
No. The Australian costs page lists none, so the fee shrinks with the position.
Can I hold a Pepperstone perpetual for months?
Yes. There is no expiry; you pay funding for each day it is open, at a rate that can change from one week to the next.
Does Capital.com offer perpetual CFDs?
Not in the data we hold on Capital.com. Check its product list if you want a second provider.
CFDs, including perpetual CFDs, are complex and leveraged, and you can lose money rapidly. Only trade with money you can afford to lose and only once you understand the product. This is not investment advice; read Pepperstone's Product Disclosure Statement and Target Market Determination first.