Spread betting on commodities like gold and oil can be an effective way to speculate on price movements without actually owning the underlying assets. Here are some of the best brokers for trading commodities through spread betting, focusing on features, costs, and overall offerings: For more information please visit UK trading platforms reviewed

1. IG Group

  • Overview: One of the largest and most reputable spread betting firms in the world.
  • Commodities Offered: Gold, silver, oil (Brent and WTI), natural gas, and various agricultural commodities.
  • Features:
    • Extensive educational resources and market analysis.
    • User-friendly trading platform with advanced charting tools.
    • Competitive spreads and leverage options.
  • Regulation: FCA (UK).

2. Saxo Markets

  • Overview: A leading investment bank offering a comprehensive range of trading options, including spread betting.
  • Commodities Offered: Gold, silver, oil, and more than 30 other commodities.
  • Features:
    • Professional-grade trading platform.
    • Access to in-depth market research and analysis.
    • Multiple account types to suit different trading styles.
  • Regulation: FCA (UK) and ASIC (Australia).

3. CMC Markets

  • Overview: A well-established broker with a strong reputation for low-cost trading.
  • Commodities Offered: Gold, silver, oil, and numerous agricultural commodities.
  • Features:
    • Highly rated trading platform with advanced features.
    • Competitive spreads and flexible leverage.
    • Excellent educational resources and customer support.
  • Regulation: FCA (UK).

4. eToro

  • Overview: Known for its social trading features, allowing traders to follow and copy successful investors.
  • Commodities Offered: Gold, silver, oil, and various agricultural products.
  • Features:
    • User-friendly platform suitable for beginners.
    • Access to a wide range of assets beyond commodities.
    • No commission on trades (spreads apply).
  • Regulation: FCA (UK), ASIC (Australia), CySEC (Cyprus).

5. Plus500

  • Overview: A straightforward platform focusing on ease of use, ideal for beginner traders.
  • Commodities Offered: Gold, silver, oil, and more.
  • Features:
    • Simple and intuitive trading interface.
    • No commissions; spreads are competitive.
    • Strong customer support and educational materials.
  • Regulation: FCA (UK), ASIC (Australia), and others.

6. Admiral Markets

  • Overview: A well-regarded broker that offers a range of trading instruments, including commodities.
  • Commodities Offered: Gold, silver, oil, and various agricultural products.
  • Features:
    • Access to the MetaTrader 4 and 5 platforms.
    • Good educational resources and market insights.
    • Flexible account types to cater to different trading preferences.
  • Regulation: FCA (UK), ASIC (Australia).

Considerations When Choosing a Broker

  • Regulation: Ensure the broker is regulated by a reputable authority to protect your funds.
  • Spreads and Fees: Compare spreads on commodities and any additional fees, such as overnight financing.
  • Trading Platform: Look for a user-friendly platform with the tools you need for analysis and trading.
  • Customer Support: Good customer support can be crucial, especially for beginners.
  • Educational Resources: Brokers offering educational materials can help you improve your trading skills.

Conclusion

When selecting a broker for spread betting on commodities, it’s essential to consider your trading style, the range of commodities offered, fees, and the platform’s usability. Each of the mentioned brokers has strengths that cater to different types of traders, so evaluate them based on your specific needs. Always practice risk management and consider demo trading before committing real funds.