What commission do brokers charge on share CFDs?
Verdict
- Share CFD commission is usually per share in the US and a percentage elsewhere. At Pepperstone, our pick for Singapore residents, it is $0.02 per share per side on US shares and ETFs, 0.2% per side on Hong Kong shares (international site), 0.07% on Australian and 0.10% on UK and German shares, with no minimums on its Australian page.
- Shares are the exception to Pepperstone's commission-free Standard account: share CFDs carry commission on both account types.
- Pepperstone's share list covers the US, UK, Europe, Australia and Hong Kong; Singapore-listed shares are not among the markets it names.
- Trading 212's CFD account takes a different approach, with no commission and a 0.5% FX fee; neither it nor Pepperstone holds a MAS licence.
Commission is the easiest share CFD cost to compare because, unlike the spread, it is fixed in the broker's price list. It does vary by exchange, though, and some brokers charge in other ways. Here is Pepperstone's table, worked examples, and how others price share CFDs.
Pepperstone's share CFD commission, market by market
Pepperstone is our pick for share CFDs from Singapore because its commission is published per market with no minimum ticket on its Australian costs page: US shares at $0.02 per share, Australian shares at 0.07%, UK and German shares at 0.10% and Hong Kong shares at 0.20%, all per side. The international accounts page that Singapore residents use also lists 0.2% for Hong Kong. The Bahamas entity serving Singapore allows retail leverage up to 1:20 on shares.
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Commission by exchange at Pepperstone
Pepperstone's UK costs page shows 0.15% for Hong Kong shares, against 0.2% on its international and Australian pages, so budget for the higher figure.
| Market | Commission per side | Minimum |
|---|---|---|
| US shares and ETFs | $0.02 per share | None |
| Hong Kong shares | 0.20% | None |
| Australian shares | 0.07% | None |
| UK shares | 0.10% | None on the AU page; £0.01 on the UK page |
| German shares | 0.10% | None |
Three worked examples
- 200 US shares, opened and closed: 200 × $0.02 × 2 = $8.
- HK$100,000 of a Hong Kong stock, round trip at 0.2% per side: HK$400.
- A$20,000 of an ASX stock, round trip at 0.07% per side: A$28.
- Spread and, for positions held past rollover, overnight financing come on top of each figure.
How other brokers price share CFDs
Not every broker uses commission. Trading 212's CFD account is commission-free, prices with dynamic spreads and applies a 0.5% FX fee, but it lists no MAS licence. Other brokers in our Singapore set publish no share CFD commission we could verify: XS accepts Singapore residents and offers shares, while MAS-licensed providers such as IG, CMC Markets, Saxo and Phillip Securities (POEMS) serve Singapore locally. Compare the total cost, commission plus spread plus financing, in your account currency.
Before you trade share CFDs from Singapore
- Check the market list: Pepperstone names US, UK, European, Australian and Hong Kong shares, and we found no Singapore-listed shares among them.
- Match the account currency to where you trade: SGD, USD and HKD are all available at the Bahamas entity.
- Mind the licence: Pepperstone Markets Limited is licensed in the Bahamas (SIA-F217), and Pepperstone holds no MAS licence.
Sources
Published commission tables.
Does Pepperstone's Standard account charge commission on shares?
Yes. Standard is commission-free on other markets, but share CFDs carry commission on both accounts, according to Pepperstone's UK costs page.
Can I trade Singapore shares as CFDs at Pepperstone?
Pepperstone's markets page names US, UK, European, Australian and Hong Kong shares; Singapore-listed shares are not among them.
Is there a minimum commission per trade?
Pepperstone's Australian costs page lists no minimums; its UK page shows a £0.01 minimum on UK shares.
Share CFDs are complex leveraged products and carry a high risk of losing money rapidly. Low commission does not reduce market risk. This page is information, not investment advice; check each broker's current price list.