Are perpetual CFDs available on MT5?
Verdict
- Yes. Pepperstone, our top pick, offers its perpetual CFDs on MT5, and in Australia MT5 works with both the Standard and Razor accounts.
- They are not offered on MT4, so MetaTrader users need MT5 to trade them.
- An MT5 expert advisor can be pointed at the perpetual symbols like any other; commission is 0.015% per side (0.03% on GOLD and MSTR) plus daily funding.
- Ask Pepperstone whether Australian retail clients are eligible; its Australian pages do not say.
For MetaTrader traders, the platform question is settled the moment perpetuals go on the list: Pepperstone publishes them for MT5, not MT4. The more interesting decision is which gold or index contract to use once you are there.
Yes, on MT5 at Pepperstone
Pepperstone lists MT5 with TradingView, cTrader and its own app as the platforms for perpetual CFDs. Australian clients deal with Pepperstone Group Limited (AFSL 414530), and MT5 is available on both of its account types, so you can keep Standard's commission-free FX pricing and still reach the perpetual range. The list covers NAS100, US500, GOLD, WTOIL, BRENTOIL and twelve single stocks.
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Gold on MT5: spot CFD or GOLD PERP?
Both appear on the same platform, but they are priced differently. The spot contract is the cheaper choice for trades inside market hours; the perpetual is for holding through weekends.
| XAU/USD spot CFD | GOLD PERP | |
|---|---|---|
| Spread | Razor 0.12 average; Standard 0.19 average | See the live quote |
| Commission | Razor: AUD 4.50 per side in an AUD account; Standard: none | 0.03% per side |
| Holding cost | Overnight swap | Daily funding, weekly-set rate |
| Hours | Market hours | 24/7 |
| Retail leverage | 1:20 | Not published on Australian pages |
Moving over from MT4
- MQL4 expert advisors need rewriting or recompiling for MQL5 before they can trade perpetuals.
- Your Smart Trader Tools add-ons are available on MT5 too.
- MT5 is also offered on the Standard account, which MT4 is not in Australia.
- Razor MT5 commission is charged per side (AUD 3.50 on FX in an AUD account), where MT4 takes AUD 7 per lot on opening.
Practical checks on MT5
- Confirm perpetual eligibility for your account type with Pepperstone support.
- Check the contract specification in MT5 for the margin and trading hours of each perpetual symbol.
- If an EA trades them, decide how it handles the daily 5 pm New York funding cut-off and weekend sessions.
- Keep position sizes small at first: Pepperstone offers no guaranteed stop-loss.
Sources
Pepperstone terms as published.
Are perpetual CFDs on Pepperstone MT4?
No. MT4 is not among the platforms Pepperstone lists for perpetuals.
Does Capital.com offer perpetual CFDs on MT5?
Capital.com offers MT5, but our data shows no perpetual CFDs from it.
What does a GOLD PERP trade cost on MT5?
0.03% per side: a $10,000 position costs $3 to open and about $3 to close, before funding.
Leveraged products such as CFDs carry a high risk of rapid losses and are complex to understand. Consider whether you can afford that risk. This article is for information only and is not personal financial or investment advice.