Best Commodity Brokers In The UK 2025

Author

Christian Harris

Christian is a UK-based investment writer who's been actively trading an array of financial instruments for over 5 years. Having used most of the major brokers in the UK, Christian provides valuable insights on all things investing for British traders.

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Editor

James Barra

James is a UK-based writer and investor with consultancy experience at some of Britain's largest financial organisations. James authors, edits and fact-checks content for a row of investing websites.

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Fact Checker

Tobias Robinson

Tobias is a UK director and partner at Investing.co.uk. He provides commentary on the financial markets in the UK and supports the testing team with first-hand observations from over two decades of active trading.

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Looking to trade gold, oil, wheat or other commodities from the comfort of your screen? In the UK’s crowded market, not all brokers are created equal—fees, platforms, and regulation can vary wildly.

We zero in on what matters most to help you find the best commodity broker that fits your investment goals, whether you’re hedging risk or speculating on global trends.

How Investing.co.uk Chose The Best Brokers For Trading Commodities

To identify the best brokers for commodity trading in the UK, we carried out in-depth testing across a range of platforms offering access to energy, metals, and agricultural markets.

Our evaluation focused on key factors including the range of tradable commodities, availability of spot and futures contracts, spreads and commissions, leverage options, and platform tools for technical analysis and risk management.

Only brokers offering competitive pricing, broad commodity market access, and a strong trading experience made our final list.

How To Pick A Commodity Broker

• The range of commodities offered determines the breadth of your trading opportunities and how well you can diversify across sectors with different risk profiles. A broker that provides access to metals, energy, and agricultural markets allows you to hedge or speculate based on global economic cycles—for example, trading oil during geopolitical tensions or gold during inflationary periods. It’s also important to understand whether you’re trading physical assets, futures contracts, or derivatives like CFDs, as each has different implications for leverage, pricing, rollover costs, and settlement. Beginners often start with CFDs due to lower capital requirements, but knowing the structure behind each instrument helps you manage exposure and strategy more effectively.
• Understanding a broker’s fees and costs directly impacts your net returns, especially in high-frequency or leveraged trading. Some brokers charge a commission per trade, while others build their profit into the bid-ask spread—tight spreads may seem cheaper but can widen during volatility. If you’re holding positions overnight, swap or rollover fees can quietly erode profits, particularly in markets like oil or gold where financing costs can be significant. Also watch for deposit, withdrawal, or inactivity fees, which may not be obvious upfront but can add up over time—especially with brokers that operate on low-margin business models.
• A reliable trading platform and tools directly affect your ability to analyse markets and execute trades efficiently. Platforms like MT4, MT5, and cTrader offer advanced charting, automated trading, and customisable indicators that help identify entry and exit points with precision. Access to both technical and fundamental analysis tools enables you to interpret market trends and economic data in real time. Additionally, a robust mobile app ensures you can monitor and manage positions on the go without sacrificing speed or functionality—critical in fast-moving commodity markets where prices can change within seconds.
• Leverage allows you to control larger commodity positions with a smaller amount of capital. Still, under FCA rules, retail clients face stricter limits compared to professional traders to protect against excessive risk. Understanding a broker’s margin requirements is crucial because falling below these thresholds can trigger margin calls or forced liquidations. UK-regulated brokers offer risk management tools like stop-loss orders and negative balance protection, which help limit potential losses and prevent your account from going into debt, especially in volatile commodity markets where prices can fluctuate.
• Fast and reliable order execution plays a key role in commodity trading because prices can shift quickly due to market news or events, and delays can result in slippage—where your trade is filled at a worse price than expected. Brokers offering market execution process orders at the current market price, while instant execution confirms the price before filling, each has different risks and benefits. A wide range of order types, including market, limit, stop, and trailing stops, provides flexibility to enter or exit trades strategically, helping manage risk and lock in profits even in volatile markets.
• Choosing the right account type is essential because different accounts offer varying levels of leverage, fees, and regulatory protections. The minimum deposit affects how much capital you need to start trading— brokers with lower minimums allow easier market access but might limit features. Additionally, having an account in GBP base currency reduces currency conversion costs and protects you from exchange rate fluctuations (I know I’ve got GBP trading accounts).
• Strong customer support and education are not to be overlooked because commodity trading can involve complex instruments and fast-moving markets where timely assistance can prevent costly mistakes. Quality brokers provide multi-channel support (phone, chat, email) with knowledgeable teams who understand technical issues and market nuances. Additionally, access to educational resources like webinars, tutorials, and market analysis empowers beginners to build skills and make informed decisions, reducing reliance on guesswork and improving trading outcomes over time.
• Choosing an FCA-regulated broker enforces strict rules on transparency, capital adequacy, and fair treatment of clients, reducing the risk of fraud or malpractice. Brokers must keep client funds in segregated accounts, ensuring your money is protected even if the broker faces financial trouble. Additionally, the Financial Services Compensation Scheme (FSCS) offers a safety net by compensating you up to £85,000 if a broker fails, providing peace of mind in an otherwise high-risk market.

In my experience, no broker is perfect, but choosing one that combines solid regulation, transparent costs, and user-friendly tools can significantly improve your commodity trading journey.

Christian Harris

Author

What Is A Commodity Broker?

A commodity broker is a financial intermediary that facilitates the buying and selling of commodity-based financial instruments—such as oil, gold, or agricultural products—often through derivatives like CFDs or futures.

They provide access to global commodity markets via trading platforms like MetaTrader 5, cTrader, TradingView, or proprietary systems, enabling you to speculate on price movements without owning the physical goods.

In the UK, trusted FCA-regulated brokers like IG, FXPro, and XTB offer robust commodity trading options, combining low-latency execution with risk management tools suited for beginners.

Spreadbetting natural gas with IG offers competitive spreads and commission-free trading

Pros Of Trading Commodities

Cons Of Trading Commodities

I’ve seen firsthand how rewarding yet challenging the commodity market can be. It requires more than just luck—success comes from careful research, disciplined risk management, and the patience to weather ups and downs.

Treating commodity trading as a long-term strategy rather than a quick gamble makes all the difference.

Christian Harris

Author

Bottom Line

Choosing the right commodity broker in the UK means balancing factors like regulation, fees, platform quality, and the range of available commodities.

A reliable brokerage should offer transparent pricing, strong risk management tools, and responsive customer support to help you navigate volatile markets confidently.

By carefully considering these aspects, you can find a broker that aligns with your trading goals and protects your capital.