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Best Commodity Trading Brokers in the UK

Tobi Opeyemi Amure
Reviewed by:
Best commodity trading platforms UK

In a nutshell, the best commodity trading brokers in the UK are Plus500, known for its comprehensive range of commodities and intuitive trading platform; eToro, popular for its social trading features and diverse commodity options; and Spreadex, offering a robust platform with access to a variety of commodity markets.

You may be wondering, ‘Which platform is best for commodity trading?’

I’ve tested, scored, and ranked the best commodity trading brokers and platforms in the UK.

Whether you’re looking for security, user-friendliness, or extensive trading options, I’ve got you covered.

Best overall
Best for beginners
Best for tight spreads
4.6
4.5
4.5

One of the fastest-growing trading platforms in the UK for CFD trading. Comprehensive for all levels of experience.


30 million users globally trust eToro for their social trading needs, benefiting from a vast array of stocks, ETFs, forex, commodities, and cryptocurrencies.

Award-winning trading platform suitable for beginner and experienced traders.

  • Intuitive, user-friendly platform
  • Demo trading account & learning academy
  • Fast and responsive customer service
  • Trading tools & charts
  • User-friendly platform for beginners
  • Copy the moves of professional traders
  • Social trading & educational features
  • Trading platform is near-perfect
  • Excellent safety ratings
  • Great charting tools
  • Low spreads
82% of retail investor accounts lose money when trading CFDs with this provider.
76% of retail CFD accounts lose money.
64% of retail investors lose money when trading spread bets and CFDs with this provider.
Best overall
4.6

One of the fastest-growing trading platforms in the UK for CFD trading. Comprehensive for all levels of experience.


  • Intuitive, user-friendly platform
  • Demo trading account & learning academy
  • Fast and responsive customer service
  • Trading tools & charts
82% of retail investor accounts lose money when trading CFDs with this provider.
Best for beginners
4.5

30 million users globally trust eToro for their social trading needs, benefiting from a vast array of stocks, ETFs, forex, commodities, and cryptocurrencies.

  • User-friendly platform for beginners
  • Copy the moves of professional traders
  • Social trading & educational features
76% of retail CFD accounts lose money.
Best for tight spreads
4.5

Award-winning trading platform suitable for beginner and experienced traders.

  • Trading platform is near-perfect
  • Excellent safety ratings
  • Great charting tools
  • Low spreads
64% of retail investors lose money when trading spread bets and CFDs with this provider.

13 Best Commodity Trading Platforms Ranked

Here is a quick list of the best commodity brokers to use in the UK based on my hands-on analysis:

Your capital is at risk.

  1. Plus500 – Overall best
  2. eToro – Best for beginners
  3. Spreadex – Best for tight spreads
  4. Trade Nation – Best for fixed spreads on commodity CFDs
  5. IG – Publicly traded & trusted broker
  6. AvaTrade – Best for low spreads
  7. Saxo Markets – Best for low fees
  8. Interactive Brokers – Best for active traders
  9. Pepperstone – Best for beginners & low fees
  10. XTB – Best for advanced trading tools & educational resources
  11. Interactive Investor Best for exchange-traded commodities (ETCs)
  12. Hargreaves Lansdown – Best for investing advice
  13. CMC Markets – Best for diverse trading instruments

Best Choices Compared for UK Traders

Here I’ve compared the commodity brokers based on four key factors you must consider and compare.

RankCommodities brokerNo. of commoditiesMinimum depositFeesAccount types
1Plus50022$100Gold 41 pips, Oil 4 pipsCFDs
2eToro32$10Gold 0.9, Oil 1.4CFDs, investing
3Spreadex20+£0Gold 0.4, Oil 1CFDs, spread betting
4Trade Nation8+£0Gold 0.1, Oil 1CFDs, spread betting
5IG35£250Gold 0.3, Oil 0.28CFDs, spread betting,
DMA, investing
6AvaTrade17£100Gold 0.3, Oil 0.03CFDs
7Saxo Markets25£1Gold 0.5, Oil 0.28CFDs, futures & options,
DMA, investing
8Interactive Brokers20£2,000Gold 0.7, Oil 0.07CFDs, DMA, futures & options,
investing
9Pepperstone28£1Gold 0.5, Oil 2.5CFDs, spread betting
10XTB22£00.6 pointsCFDs, DMA, investing
11Interactive Investor20+£0£7.99 per tradeISA, General Investment, SIPP
12Hargreaves Lansdown25+£1£5.95 per tradeISA, General Investment, SIPP
13CMC Markets100+£0Gold 0.2, Oil 2.5CFDs, spread betting,
DMA, investing

Reviews

Research shows that the commodity trading industry has enjoyed an upward trend over the past five years, with commodity trading value pools almost doubling from $27 billion in 2018 to an estimated $52 billion of EBIT in 20211.

Choosing the best commodity trading platform is crucial for newcomers in the market.

Having worked in the retail investment sector in London over the last four years, I had the opportunity to experience the rise first-hand.

Additionally, in my role working for one of the UK’s leading financial companies, “a trustworthy and respected provider of news, education and market analysis for the everyday investor”, I was able to work with and test some of the biggest commodity trading brokers on the market.

Using my experience in this field, I’ve compiled a list of the best commodity trading platforms in the UK based on four key criteria:

  1. Number of commodities available
  2. Minimum deposit
  3. Fees (points)
  4. Account types

Factors such as usability, trading platforms available, research tools, educational materials, and additional features were also considered.

All the commodity trading apps and platforms I’ve reviewed below are regulated by the UK’s financial watchdog, the Financial Conduct Authority (FCA).

You can read about how we test platforms here.

This article was reviewed by Tobi Opeyemi Amure, a trading expert and writer at Investopedia, Investing.com, and Trading.biz.

1. Plus500 – Overall best

Plus500 - Best UK commodity trading platform for CFDs.

Plus500 offers a free demo account with £40,000 and charges £10 for each withdrawal after the first five.

This makes it an attractive option for those looking to start trading commodities.

The trading platform also has no deposit or inactivity fees, making it one of the more cost-effective options for those looking to get into commodity trading.

Plus500’s simple-to-use platform offers access to a variety of commodities, making it a great choice for both experienced and novice traders. Beginners must use the demo account and the Trading Academy to gain experience before trading with real capital due to the risks involved.

The platform also has comprehensive educational and research materials, making it a great option for those just starting.

In addition, Plus500’s trading fees are low compared to other platforms, allowing traders to save on costs.

All in all, Plus500 is a great choice for those looking to start trading commodities in the UK.

Read my Plus500 review.

No. of commoditiesMinimum depositFeesAccount types
22$100Gold 41 pips, Oil 4 pipsCFDs

Pros:

  • 24/7 customer support
  • Zero commissions
  • No transaction fees

Cons:

  • Minimal research tools

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. eToro – Best for beginners

eToro - Overall best commodity trading platform UK for beginners.

A close runner-up on my list of the best commodity trading platforms and what I recommend to beginners is eToro.

At eToro, you can easily trade commodities with a minimum deposit of just $10 and a $5 withdrawal fee.

It’s a simple-to-use platform with a range of commonly traded commodities and a trading app.

eToro also offers educational materials, such as a range of tutorials, videos, and articles, to help you learn about the markets. It also has a copy-trading feature, allowing you to copy the trades of experienced traders.

With eToro, you can also invest in stocks, indices, ETFs, commodities, currencies, and cryptocurrencies.

The fees are competitive and the platform is user-friendly, making it a great choice for beginner traders.

Read my eToro review.

Key rating criteria:

No. of commoditiesMinimum depositFeesAccount types
32$10Gold 0.9, Oil 1.4CFDs, investing

Pros:

  • Copy trading feature
  • Easy-to-use trading platform
  • Smart Portfolios & Learning Academy

Cons:

  • Withdrawal fees

Your capital is at risk.

3. Spreadex – Best for tight spreads

Spreadex - Best commodities broker UK for tight spreads.

Spreadex, a UK trading platform acclaimed for its excellent customer service and robust mobile app, stands out as a top choice for commodity trading.

The platform specialises in CFD and spread betting, offering access to a broad range of commodities including Gold, Silver, Brent, Natural Gas, and Light Crude Oil.

One of Spreadex’s key attractions is its competitive pricing with low spreads, notably as low as 0.4 points on Gold.

This pricing advantage, coupled with its award for ‘Best for Efficiency of Taking Trades’ in the Investment Trends Awards, underscores its commitment to providing a favorable trading environment.

Additionally, profits from spread betting on Spreadex are exempt from Capital Gains Tax and Stamp Duty, making it a tax-efficient option for traders.

Despite its strengths, Spreadex does have limitations. Its focus is predominantly on forex and CFDs, potentially limiting options for those seeking a wider range of markets.

The platform also lacks in-depth educational resources and key research tools, which could be a setback for traders seeking comprehensive learning support.

Safety is a top priority for Spreadex, regulated by the Financial Conduct Authority (FCA), ensuring a secure trading environment. The platform’s history of over 20 years of operation and a clean track record offer traders confidence in its stability and reliability.

The onboarding process is streamlined and efficient, with quick verification and no minimum deposit requirements, making it accessible to a wide range of traders. The platform’s user interface, both on web and mobile, is highly praised for its ease of use and customisability.

Spreadex is a highly recommended platform for commodity trading in the UK, particularly for those interested in CFDs and spread betting.

Its competitive pricing, efficient trade execution, and tax benefits, along with robust customer support, make it a compelling choice despite its focus on limited market types and the absence of some educational resources.

Read my Spreadex review.

Key rating criteria:

No. of commoditiesMinimum depositFeesAccount types
20+£0Gold 0.4, Oil 1CFDs, spread betting

Pros:

  • Competitive spreads, as low as 0.4 points on Gold
  • Award-winning efficiency in trade execution
  • Profits from spread betting tax-free

Cons:

  • Limited to forex/CFDs, less diverse asset options
  • No demo account available for practice

64% of retail investors lose money when trading spread bets and CFDs with this provider.

4. Trade Nation – Best for fixed spreads on commodity CFDs

Trade Nation

Trade Nation, founded in 2014 and regulated by top-tier authorities including the FCA in the UK and ASIC in Australia, has established itself as a standout commodity trading broker in the UK.

There’s no minimum deposit requirement and a fully digital account opening process streamlines entry for traders at all levels, making it notably accessible.

Trade Nation’s commitment to providing excellent research and educational tools enhances its appeal, particularly for those new to commodity trading or looking to deepen their market analysis skills.

While the platform’s product portfolio may be seen as slim, it excels in the areas it covers, offering competitive fees, especially for stock and index CFDs, and ensuring a cost-effective trading environment.

The absence of live chat is noted; however, the quality of customer support via phone and email compensates for this, with quick and relevant responses.

Trade Nation’s mobile and web platforms are designed for user-friendliness, featuring good search functions and order confirmation capabilities, though the lack of a two-step safer login is a minor downside.

For traders focused on commodities, Trade Nation provides a secure, regulated, and user-friendly platform with a clear fee structure and robust customer support.

Its educational resources and demo account offer valuable learning opportunities, making it an attractive option for both beginners and more experienced traders looking to engage with commodity markets in the UK.

Read my Trade Nation review.

Key rating criteria:

No. of commoditiesMinimum depositFeesAccount types
8+£0Gold 0.4, Oil 1CFDs, spread betting

Pros:

  • Excellent research and educational tools
  • Competitive fees for stock and index CFDs
  • Quality customer support

Cons:

  • Limited product portfolio
  • High forex fees compared to some competitors

75% of retail investor accounts lose money when trading CFDs with this provider.

5. IG – Publicly traded & trusted broker

IG - Best commodity trading company UK
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

IG offers access to a range of commodities with low fees, and no deposit or withdrawal fee, making it a great option for those looking to save on costs.

With access to over 35 commodities, IG has competitive spreads and charges a low commission on trades.

IG’s trading platform is user-friendly and intuitive and provides access to a full range of charting and trading tools.

The minimum deposit is low, and there is no inactivity fee if your account is inactive for two years.

Trading with IG is cost-effective and efficient, giving you the ability to take advantage of market opportunities quickly.

IG also has a comprehensive educational offering, with courses, webinars, and trading guides to help you become more knowledgeable.

With these features, IG is a great choice for those looking to invest in commodities.

Read my IG review.

Key rating criteria:

No. of commoditiesMinimum depositFeesAccount types
35£250Gold 0.3, Oil 0.28CFDs, spread betting,
DMA, investing

Pros:

  • Intuitive trading platform
  • Extensive research/education
  • 35+ commodity options

Cons:

  • High trading fees
  • $200 minimum deposit

6. AvaTrade – Best for low spreads

AvaTrade - Best commodity trading platform with low spreads.

AvaTrade provides you with access to 27 commodity CFDs and its educational offering is comprehensive.

You’ll have access to commodities such as gold, silver, oil, sugar, wheat, and more.

The platform also provides market analysis tools, trading alerts, and up-to-date market commentary.

The minimum deposit at AvaTrade is $100 and there’s no withdrawal fee. AvaTrade has a knowledgeable and helpful customer support team.

The platform is easy to use and navigate, providing a great experience for beginners and experienced traders alike.

Read my AvaTrade review.

Key rating criteria:

No. of commoditiesMinimum depositFeesAccount types
17£100Gold $0.34, Oil $0.03CFDs

Pros:

  • Diverse automated trading options suitable for both beginners and experts
  • Minimal initial deposit requirements
  • A broad spectrum of commodity trading including agriculture, energy, and metals
  • High leverage of up to 200:1 available for major soft commodities

Cons:

  • Commodity trading limited to CFDs
  • A high minimum deposit needed for social and copy trading platforms

7. Saxo Markets – Best for low fees

Saxo Markets - Best commodity trading broker UK with low fees.

Saxo Markets provides a wide range of futures across global exchanges with advanced trading tools, making it an ideal choice for experienced traders seeking to diversify their portfolios.

With access to over 300 futures, Saxo Markets offers low fees and a comprehensive offering for experienced traders.

The platform has many advanced features such as advanced charting tools and a range of risk management tools.

Saxo Markets also provides access to research materials and educational content to help traders become more informed.

With low trading fees and no deposit or withdrawal fee, Saxo Markets is a great choice for experienced traders looking for a reliable trading platform.

Read my Saxo Markets review.

Key rating criteria:

No. of commoditiesMinimum depositFeesAccount types
25£1Gold 0.5, Oil 0.28CFDs, futures & options,
DMA, investing

Pros:

  • Low commission rates
  • Zero hidden costs per trade
  • Fully adaptable trading interface
  • Extensive selection of investment products

Cons:

  • High initial deposit to open an account

8. Interactive Brokers – Best for active traders

Interactive Brokers - Best commodity broker for active traders

Interactive Brokers stand out as a competitive option for commodity trading in the UK, especially for individuals who are budget-conscious or frequent traders.

What sets it apart is the reportedly low trading fees across a variety of commodities.

This affordability, combined with a wide selection of commodities to trade with, has been successful in attracting thousands of traders.

In addition to its cost-effectiveness, Interactive Brokers also offers a robust collection of educational and research materials.

These high-quality resources make it a particularly appealing choice for beginners wishing to deepen their understanding of commodity trading and boost their profit potential.

One of the other highlights of Interactive Brokers is its range of trading platforms, catering to various levels of trading experience.

From beginners to advanced traders, Interactive Brokers offers a platform to match your proficiency level.

Interactive Brokers also maintains a favourable fee structure beyond trading, with no minimum deposit, no withdrawal fee, and no inactivity fee, further enhancing its appeal.

With its long track history and multiple awards, Interactive Brokers has built a solid reputation in the UK and globally.

If you’re planning on frequent trading in the commodity market and are looking for a low-cost option with ample educational resources, Interactive Brokers might be worth considering.

Read my Interactive Brokers review.

Key rating criteria:

No. of commoditiesMinimum depositFeesAccount types
20£2,000Gold 0.0007%, Oil 0.0007%CFDs, DMA, futures & options,
investing

Pros:

  • Low fees
  • Top research/education
  • Advanced trading platform

Cons:

  • Inactivity fees
  • Steep learning curve

9. Pepperstone – Best for beginners & low fees

Pepperstone commodity trading platform UK.

Pepperstone has distinguished itself as a leading commodity trading platform in the UK, particularly suited to beginners looking to develop their trading skills.

Notable for its user-friendly interface, Pepperstone offers access to over 800 tradable assets, which include an extensive range of commodities such as gold, silver, Spot Crude, Spot Brent, and natural gas.

All of these commodities can be traded as CFDs on their intuitive platform.

One of the key advantages of Pepperstone is its competitive fee structure.

With some of the lowest spreads in the market, Pepperstone offers an excellent starting point for beginners who aren’t ready to commit a large amount of capital.

Additionally, the absence of inactivity fees, account fees, commissions on the standard account, and minimum deposit requirements make it a highly cost-effective trading option.

Another standout feature of Pepperstone is its variety of trading platforms, including the popular MetaTrader platforms.

There are also several social trading platforms with a thriving community that beginners can learn from.

Fast execution and a 99.94% full rate ensure that trading opportunities are never missed.

Complementing its strong trading features, Pepperstone provides award-winning customer service that’s available 24/5, with additional support for 18 hours on weekends.

Anytime trading issues arise, a reliable and responsive customer support team is readily available.

Coupled with helpful account managers, traders are guaranteed a smooth trading experience.

Pepperstone offers an impressive blend of user-friendly design, a comprehensive range of commodities, low spreads, and excellent customer service, making it a highly recommendable option for commodity trading in the UK.

Read my Pepperstone review.

Key rating criteria:

No. of commoditiesMinimum depositFeesAccount types
28£1Gold 0.5, Oil 2.5CFDs, spread betting

Pros:

  • Competitive spreads
  • Hassle-free deposit and withdrawal process
  • Swift and simplified account opening

Cons:

  • Insufficient educational resource

10. XTB – Best for advanced trading tools & educational resources

XTB - Best for advanced trading tools & educational resources

XTB stands out as a top choice for commodity trading in the UK, blending innovation with reliability in the world of multi-asset brokerage.

Established in 2002 and publicly traded, XTB’s credibility is bolstered by regulation in several jurisdictions, including two Tier-1 and two Tier-2 areas.

It particularly shines with its proprietary xStation 5 platform, which combines sleek design and robust functionality, making it a user-friendly yet powerful tool for traders.

The platform offers an extensive range of CFDs, including over 1,800 stocks, 135 ETFs, and 57 forex pairs, alongside 22 commodities which are a highlight for traders focused on this sector.

Its recent introduction of zero-dollar commissions for share CFDs in the UK further enhances its appeal.

However, XTB’s focus on CFDs means traders don’t own the underlying asset, which could be a limitation for some.

XTB also prioritises education, providing a vast array of learning resources, including over 200 lessons through its Trading Academy.

This commitment to customer education, combined with excellent customer service, positions XTB as a top pick for both beginners and experienced traders.

The broker’s comprehensive research tools and materials further support informed trading decisions, although its daily English content is less extensive compared to its offerings in other languages.

On the downside, the absence of MetaTrader (MT4) in its UK, Poland, and Cyprus branches, and the discontinuation of its custom investment basket tool in xStation 5, may deter some users.

Additionally, the availability of cash equities is limited geographically.

It’s regulated by top-tier authorities like the FCA and is compliant with the MiFID passporting system in the EU.

The broker also offers investor protection, with coverage varying by region.

XTB’s strengths in commodity trading, robust platform features, extensive educational resources, and strong regulatory framework make it an excellent choice for traders in the UK.

Key rating criteria:

No. of commoditiesMinimum depositFeesAccount types
22£00.6 pointsCFDs, DMA, investing

Pros:

  • User-friendly xStation 5 platform
  • Extensive range of CFDs and forex options
  • Strong educational and research resources

Cons:

  • Limited daily English content updates
  • MetaTrader 4 not prominently featured
  • Geographic limitations on cash equities

11. Interactive Investor – Best for exchange-traded commodities (ETCs)

Interactive Investor - Best for exchange-traded commodities (ETCs)

Interactive Investor (ii) emerges as a compelling platform for investing in Exchange-Traded Commodities (ETCs), offering a robust and efficient pathway for diversification and potential wealth preservation.

ETCs, representing the “fifth” asset class, are particularly intriguing for investors looking to diversify beyond traditional asset classes like cash, equities, fixed-interest securities, and property.

They offer a unique characteristic – a low correlation with stock markets and currencies, as noted by Martin Bamford, managing director of IFA Informed Choice. This means that fluctuations in equity markets may not significantly impact commodity prices, presenting a stabilising factor in an investor’s portfolio.

Interactive Investor provides access to a broad range of ETCs, allowing investors to track the performance of commodities or a basket of commodities. These can be physically backed or use derivatives for exposure, catering to different investor preferences.

Notably, ETCs on ii’s platform enable strategies like ‘shorting’ or ‘leveraging’, adding flexibility but also risk, which should be approached with caution.

The low management charges of ETCs make them an attractive option for cost-conscious investors. Moreover, the absence of stamp duty on ETC purchases further enhances their appeal on the ii platform.

Investors interested in a more diversified commodity exposure can explore ETFs, which are also available on Interactive Investor.

ETFs like the L&G All Commodities ETF and the iShares Diversified Commodity Swap UCITS ETF offer exposure to broader commodity indices, adhering to European regulations requiring diversification.

Interactive Investor stands out as a prime choice for investing in ETCs, thanks to its diverse offerings, low costs, and the potential for portfolio diversification and inflation protection.

No. of commoditiesMinimum depositFeesAccount types
20+£0£7.99 per tradeISA, General Investment, SIPP

Pros:

  • Extensive global market access
  • Strong regulatory framework

Cons:

  • Potentially high fees for low-volume traders

12. Hargreaves Lansdown – Best for beginner investors & broad investment choices

Best for beginner investors & broad investment choices.

Hargreaves Lansdown, a renowned UK-based commodity trading platform, is known for its comprehensive services tailored to both novice and seasoned investors.

Regulated by the top-tier Financial Conduct Authority (FCA) and founded in 1981, it ensures a high level of investor protection, with protections up to £85k.

The platform stands out for its user-friendly web and mobile trading interfaces, coupled with high-quality educational tools, making it an ideal choice for beginners.

With a focus on a broad range of investment options including funds, stocks, and bonds, Hargreaves Lansdown offers extensive market access.

While it excels in providing diverse investment products, it does not offer forex, CFDs, options, or futures.

The platform is celebrated for its well-structured research section, featuring trading ideas, fundamental data, and quality news sources.

However, it falls short in offering sophisticated charting tools, which might be a limitation for advanced traders relying on technical analysis.

One of the key advantages of Hargreaves Lansdown is its low non-trading fees, including no inactivity or withdrawal fees.

It also pays interest on uninvested cash, a feature not commonly found in other platforms.

The account opening process is swift and straightforward for UK clients, though non-UK clients might face a more cumbersome offline procedure.

However, the platform’s fee structure for stocks and ETFs is on the higher side compared to other brokers.

This aspect could be a drawback for traders who frequently engage in stock and ETF trading.

Additionally, the platform only supports GBP accounts, which might limit its appeal to international traders.

In conclusion, Hargreaves Lansdown is a solid choice for investors looking for a reliable and user-friendly platform with a wide range of investment options.

Its educational resources and customer service make it particularly attractive to beginners.

However, the higher fees for certain trades and limited currency options might be a consideration for some traders.

No. of commoditiesMinimum depositFeesAccount types
25+£1£5.95 per trade

Pros:

  • User-friendly web and mobile platforms
  • Wide range of investment options
  • High-quality educational materials

Cons:

  • High fees
  • Limited advanced charting tools

13. CMC Markets – Best for diverse trading instruments

CMC Markets - Best for diverse trading instruments

CMC Markets, established in 1989 and listed on the London Stock Exchange, is a well-respected UK-based commodity trading platform.

It is regulated by five Tier-1 jurisdictions, ensuring a high level of trust and security for its users.

CMC Markets is particularly renowned for its low-cost forex trading and its expansive selection of over 12,000 tradeable instruments, making it a versatile choice for traders with diverse interests.

The platform’s proprietary Next Generation trading platform is a standout feature, offering quality research and innovative trading tools.

This platform, alongside the globally recognised MetaTrader 4, provides traders with a comprehensive and flexible trading environment.

CMC Markets’ mobile app also receives high praise for its user-friendly design and the integration of research and educational content, enhancing the trading experience on the go.

CMC Markets’ commitment to market research and education is evident.

The platform offers a wealth of educational resources, though there is room for improvement in terms of interactive learning tools like quizzes and progress tracking.

In terms of market research, CMC Markets excels with its in-house analysis and third-party content, providing traders with a broad spectrum of insights and analysis.

However, it is important to note that CMC Markets’ MetaTrader 4 offering has fewer tradeable symbols compared to its Next Generation platform.

Additionally, while the educational content is robust, it lacks certain interactive elements that could enhance the learning experience.

CMC Markets stands out for its competitive pricing, especially for active traders, and its broad range of trading instruments.

Its platforms are well-designed and cater to both new and experienced traders, offering an excellent user experience with a plethora of tools and resources.

The platform’s commitment to research and education further bolsters its appeal as a top commodity trading platform in the UK.

No. of commoditiesMinimum depositFeesAccount types
100+£0Gold 0.2, Oil 2.5CFDs, spread betting,
DMA, investing

Pros:

  • Extensive range of over 12,000 tradeable instruments
  • Competitive pricing
  • Advanced Next Generation platform with robust research tools

Cons:

  • Educational content lacks interactive learning tools

How to Choose? Factors to Consider

When deciding on the best commodity trading platform for your needs, there are several factors to consider.

Along with the key rating criteria I used to rank the platforms, here’s what to look for:

  • Consider your trading goals: Determine your specific trading goals and requirements. Are you interested in trading a specific commodity or a range of commodities? Do you prefer short-term or long-term trading? Consider whether the platform supports the commodities and trading strategies that align with your goals.
  • Platform usability & interface: Evaluate the platform’s usability and interface. Is the platform user-friendly and intuitive? Test out demo trading accounts or free trials to get a feel for the platform’s layout, order execution speed, and overall user experience. A well-designed and easy-to-navigate platform can enhance your trading efficiency.
  • Market access: Check which markets the platform provides access to. Ensure that it offers the commodities you wish to trade, and if you have a specific preference for trading on domestic or international markets, make sure the platform supports those markets.
  • Security & regulation: Security should be a top priority when choosing a trading platform. Verify that the platform is regulated by a reputable financial authority. Regulatory oversight helps ensure that the platform follows standard practices, provides customer protection, and maintains segregated client accounts.
  • Fees & costs: Understand the fee structure of the platform. Look for transparency in pricing and consider factors such as commission fees, spreads, funding fees, and any additional charges. Evaluate how the costs will impact your trading performance, especially if you plan to trade frequently or on a large scale.
  • Research & educational resources: Consider the availability of research tools, market analysis, and educational resources provided by the platform. Access to real-time data, charts, technical analysis tools, and educational materials can be valuable for making informed trading decisions.
  • Customer support: Good customer support is essential, especially if you encounter issues or have questions. Check the availability and responsiveness of customer support channels such as phone, email, or live chat. Prompt and helpful customer service can significantly impact your trading experience.
  • Mobile trading capabilities: If you prefer to trade on the go, check whether the platform offers mobile trading options. A reliable mobile app with essential features can allow you to monitor and manage your trades conveniently from anywhere.
  • User reviews & recommendations: Read user reviews and seek recommendations from other traders to gather insights into their experiences with different platforms. While individual experiences may vary, user feedback can provide valuable information and help you assess the platform’s strengths and weaknesses.

Remember that the best commodity trading platform for you ultimately depends on your specific needs, preferences, and trading style. Research these aspects well to pick a platform that fits your trading goals.

Final Thoughts

Commodity trading is an exciting and potentially lucrative way to invest.

With the right platform, you can make informed decisions and take advantage of price fluctuations.

I’ve outlined some of the best commodity trading platforms available in the UK, each with its distinct features and fees.

Ultimately, it’s up to you to decide which platform is the best fit for your trading needs.

But, for beginners, I’d recommend eToro as the best commodity trading platform in the UK.

FAQs

What is the best commodity trading app UK for beginners?

eToro is a popular commodity trading app in the UK that is well-suited for beginners. It offers a user-friendly interface, making it easy for beginners to navigate and execute trades. The app provides access to a wide range of commodities, allowing users to trade popular options such as gold, oil, and more. Additionally, eToro offers social trading features, enabling beginners to learn from and copy the trades of experienced traders. This can be beneficial for those starting in commodity trading, as they can gain insights and knowledge from successful traders.

You may also like:

Sources:

  1. https://www.mckinsey.com/industries/electric-power-and-natural-gas/our-insights/the-future-of-commodity-trading ↩︎

Will Fenton is the founder of Sterling Savvy. He is a personal finance expert and writes about trading, investing, budgeting, and other financial topics.

Along with his education in Economics & Finance, he has experience working in the financial services industry in London working for one of the UK’s leading financial companies, “a trustworthy and respected provider of news, education and market analysis for the everyday investor”.

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