Gold spread betting is a spread bet priced per point on the spot gold price, quoted in US dollars per troy ounce, with the stake in £ per point. The gold spread of Pepperstone was from 0.1 points on 22 Sep 2026, the lowest of the three gold spreads we hold in our records. The FCA leverage limit for gold is 20:1 (5% margin). Gold is available around the clock on weekdays from a UK spread betting account, with a short daily break set by the broker.
Our spread bet content is supported by broker partners, who pay us on a retainer basis rather than per referral. This page is information rather than financial or tax advice.
Published Gold Spreads
| Broker | Published gold spread | Read on | Source | Guaranteed stop |
|---|---|---|---|---|
| Pepperstone | from 0.1 points | 22 Sep 2026 | pepperstone.com | No |
| IG | from 0.3 points | 22 Sep 2026 | ig.com | Yes |
| StoneX Trading | from 0.3 points | 22 Sep 2026 | cityindex.com | Yes |
No gold spread is shown yet for the other eleven of the 14 brokers we rank. Several publish one, but in units that do not line up with the figures above, so we add a figure once its unit is checked. A published figure is a floor or a fixed quote as the broker words it, not the spread at the moment you deal.
IG and StoneX Trading offer a guaranteed stop on their UK spread betting accounts, charging the premium only if your stop is triggered. Gold pauses for a daily break and over the weekend, so it can reopen at a different level. A guaranteed stop still closes your bet at your chosen level when the price gaps, as our guaranteed stop-loss orders guide explains.
What A Gold Bet Costs To Hold
A daily rolling gold bet pays an overnight funding charge, its holding cost, while a dated futures gold bet carries none. Ten of the 14 brokers we rank publish the rate on their own UK websites, read on 14 Oct 2026. A long position pays the benchmark plus the broker’s charge, and on the short side the charge is taken off the benchmark. None of the rates is specific to gold, being stated per asset class or for all positions.
- Spreadex: an adjusted benchmark rate plus a Spreadex charge set per market: 30-day SONIA plus 4% on FTSE 350 shares, plus or minus 4% on UK 100, Daily. Spreadex publishes it on spreadex.com.
- Capital.com: on indices, the benchmark rate (SONIA for GBP, SOFR for USD) plus or minus a daily fee of 4% a year. Capital.com publishes it on capital.com.
- IG: the relevant interbank rate plus an IG admin fee of 1.5% on FX and 3.4% on other asset classes. IG publishes it on ig.com.
- StoneX Trading: SONIA plus 3% on long positions, SONIA minus 3% on short positions. StoneX Trading publishes it on cityindex.com.
- Trade Nation: the benchmark rate plus a 2.5% a year admin charge on forex, index and share positions, and a 3% a year admin charge on commodities, priced from futures. Trade Nation publishes it on its rate card.
- FXCM: a benchmark rate plus a mark-up: SONIA plus 3% on long and minus 2.5% on short UK 100 positions; FX at the swap rate less a 35% mark-up on majors. FXCM publishes it on docs.fxcorporate.com.
- CMC Markets: shares and indices: the interbank rate (SONIA for GBP) plus 0.0082% on buy positions and minus 0.0082% on sell positions; FX: the tom-next rate plus or minus 0.0027%. CMC Markets publishes it on cmcmarkets.com.
- ActivTrades: cash index, share and ETF spread bets: the 1-month interbank rate plus 3% on long and minus 3% on short positions (ActivTrades’ spread betting costs disclosure). ActivTrades publishes it on cdn.activtrades.com.
- Spread Co: SONIA plus or minus 2% on long GBP index positions (SOFR or ESTR for USD or EUR); 0% on short index positions; FX and spot metals at tom-next rates. Spread Co publishes it on spreadco.com.
- Vantage: the base rate plus a financing charge of 3.5% a year on stocks, ETFs and indices, 0.7% on forex and spot precious metals, and 3% on commodities, priced from futures. Vantage publishes it on helpcenter.vantagemarkets.co.uk.
Gold Spread Betting Margin, Tax And Bet Mechanics
- How a gold bet is staked and closed: What Is Spread Betting?
- 20:1 limit shared with major indices, and the margin behind it: Spread Betting Leverage
- No stamp duty, and capital gains tax free for most UK retail traders, depending on your circumstances: Is Spread Betting Tax Free In The UK?
- The 14 brokers we rank, compared on their published spreads and costs: UK spread betting brokers compared
Silver behaves similarly as a precious metal; our silver spread betting guide covers how XAG/USD bets differ. Gold is one market on our commodities spread betting hub, which covers the energy, metal and agricultural markets the brokers we rank quote.
Spread betting is leveraged, so losses can exceed what you set out to risk on a bet. Across the 14 providers we compare, between 60.7% and 76.6% of retail investor accounts lose money when trading spread bets and CFDs.
Gold Spread Betting FAQs
Can You Spread Bet Gold In The UK?
Yes. You spread bet gold through an FCA-regulated broker, and the FCA sets the leverage limit for gold at 20:1 (5% margin). Three of the ranked brokers we compare have a gold spread in our records.
How Much Does Gold Spread Betting Cost?
The cost of gold spread betting is the spread, the difference between the buy and sell price. A spread bet carries no commission, and a position held past the broker’s daily cut-off pays overnight funding on top of the spread. Published gold spreads run from Pepperstone’s 0.1 points to IG and StoneX Trading’s 0.3 points, across the three brokers that state one.
Why Does Gold Have High Spreads?
At times, you will find that gold has unusually high spreads. This usually coincides with factors such as market volatility, lack of liquidity due to a holiday, traders being away from their desks, or even upcoming economic news.
Reader Questions
Is spread betting on gold a good hedge against inflation?
Yes, gold is often used as a hedge against inflation because its value tends to rise when currencies weaken.
How does gold compare to other commodities for spread betting?
Gold is more stable than some other commodities like oil, but it still has enough volatility to make trading interesting.
How does spread betting on gold work?
Same as with Forex, you you bet which direction the price will move and hope you are correct.