Which brokers offer precious metals as CFDs?
Verdict
- Pepperstone is our top pick for precious-metal CFDs from Singapore: it publishes XAU/USD averages of 0.12 on Razor and 0.19 on Standard, and its international entity sets separate retail leverage for gold (1:200) and other metals (1:10).
- XS also accepts Singapore residents and names XAU/USD in its account terms, but publishes no gold spread in our data.
- Gold is the only metal with published pricing in our data; for silver and the rest, check each broker's symbol list.
- Pepperstone holds no MAS licence: Singapore accounts sit with Pepperstone Markets Limited (SCB, Bahamas).
Precious metals as CFDs usually means gold first, then silver and sometimes platinum or palladium, quoted against the US dollar. Plenty of brokers list them; far fewer publish what they cost. Here is what we could verify for brokers that accept Singapore residents.
Pepperstone: published gold costs and two leverage tiers
Pepperstone is our pick because it publishes the numbers metal traders compare: gold averages 0.12 on Razor, plus commission of $3.50 per side on MT5, cTrader and TradingView, and 0.19 on Standard with no commission. The Bahamas entity that serves Singapore treats gold, at up to 1:200 for retail clients, separately from other metals at 1:10, and its account tables count 40 commodity CFDs in total. You can hold the account in SGD and start with $10.
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Metal CFDs at brokers that accept Singapore residents
| Broker | Metals confirmed in our data | Published gold cost | Retail metals leverage | Licence for Singapore clients |
|---|---|---|---|---|
| Pepperstone | Gold, plus a leverage line for other metals | Razor avg 0.12 + commission; Standard avg 0.19 | Gold 1:200; other metals 1:10 | SCB Bahamas SIA-F217; no MAS |
| XS | XAU/USD, named in its swap-free terms | Not in our data | Up to 1:2000 dynamic; entity not named | No MAS licence listed |
| IG, CMC Markets, OANDA, Saxo | Not verified for Singapore | Not verified | Set under Singapore rules | MAS-licensed Singapore companies |
What a gold trade costs on each Pepperstone account
Gold spreads are quoted in dollars per ounce, so spread cost grows with the ounces you trade. Per 100 ounces:
- Standard: 0.19 × 100 = $19 of spread, and no commission.
- Razor: 0.12 × 100 = $12 of spread, plus the per-lot Razor commission of $3.50 per side for XAU/USD in a USD account.
- How many ounces one lot represents is set in the contract specification, so convert lots to ounces before you compare the two accounts.
- Positions held past the daily rollover also pay overnight financing; the rate is shown in the symbol specification.
Silver, platinum and the rest
Our data confirms that Pepperstone has a separate leverage line for metals other than gold, but not which metals sit on it, and none of the brokers in our Singapore set publishes a silver spread. Before choosing a broker for silver or platinum, open a demo and confirm four things: the symbol exists, its contract size, its overnight financing, and whether it falls under the 1:10 metals line. Capital.com, which we rank second in several other markets, does not accept Singapore residents.
Sources
Pricing and leverage pages behind the comparison.
Does Pepperstone offer silver CFDs?
Its leverage table has a line for metals other than gold (1:10 for retail clients of the Bahamas entity), but the pages we verified do not list the individual metals. Check the symbol list.
Is gold leverage higher than leverage on other metals?
At Pepperstone's Bahamas entity, yes: up to 1:200 on gold against 1:10 on other metals for retail clients.
Can I take delivery of metal through a CFD broker?
No. A CFD only tracks the price; you never own or receive the metal.
Metal CFDs are complex leveraged products, and you can lose money rapidly. Pepperstone's international site states that 80% of retail investor accounts lose money when trading CFDs with this provider. This page is general information, not investment advice.