Pepperstone Expands Perpetual CFD Suite Beyond SpaceX to Metals, Indices and Oil

Pepperstone has expanded its perpetual CFD range beyond the SpaceX contract to cover metals, stock indices and energy. Gold, silver, Nasdaq, S&P 500, WTI and Brent Crude contracts are already trading for clients of eligible Pepperstone entities, the broker announced on Monday, with availability varying by jurisdiction.

The no-expiry contracts use a periodic funding payment to stay aligned with the underlying market. The structure originated in crypto and is now being repackaged as a CFD product. Pepperstone said traders can access the exposure through a standard trading account, with no wallets, exchange collateral or separate onboarding needed for venue-based perpetual futures.

The first perpetual CFD was the SpaceX-tracking SPCX.US-PERP, and the new metals, index and energy products extend that lineup. Pepperstone described the contracts as planned for launch even though they are live for eligible entities. The broker also cited industry estimates of perpetual futures volumes above $90 trillion in 2025 and projected tokenized assets growing to $16 trillion by 2030 from roughly $2 trillion today, without detailing the source of those figures.

Group chief executive Tamas Szabo said fixed trading hours are becoming outdated and that perpetual markets should become a standard feature of modern finance. Head of research Chris Weston said major market-moving developments no longer wait for opening bells. The company has previously introduced 24-hour trading on US share CFDs and launched a dedicated crypto exchange in Australia.

Regulatory and jurisdictional constraints

European regulators already treat perpetual futures as CFDs, so EU retail leverage caps and product intervention measures apply, including limits that have cut leveraged crypto exposure to around 2x. Wrapping perpetual mechanics in a CFD does not bypass those restrictions in covered markets. The announcement from Pepperstone, issued from Dubai, listed oversight by ASIC, the FCA, the DFSA, BaFin and CySEC among seven regulators, while the disclaimer cited only a UAE Capital Market Authority licence for introduction and financial consultation.

Pepperstone is competing with other brokers chasing around-the-clock demand. CMC Markets and Binance both brought SpaceX exposure to retail clients on the same day, one through a CFD and one through a token. Client access to Pepperstone's new contracts still depends on jurisdiction, and the funding model settles once a day rather than continuously.