I didn’t use the paper trading account, just the live trading platform with real market orders. IG is not the cheapest place for investing in ETFs, (that is probably Interactive Brokers) but it does have very good customer service and is a really easy-to-use ETF platform. IG’s trading platform is DIY online, but still with phone support if you need it. Stuart Wheeler, IG’s founder, basically invented financial spread betting in the attic of a Chelsea townhouse in 1974. It was first called Investors Gold Index, then IG Index and then just IG.
Which is the best platform for trading commodities as a spread bet?
The platform offers real-time data, advanced charting tools and risk management features, but lacks MT4/MT5 integration and automated trading tools that more seasoned traders may find useful. AvaTrade, trusted by more than 300,000 traders since 2006, provides clients with 24 commodities, making it one of the leading commodity trading brokers via CFDs. The commission-free trading environment meets slightly above average but acceptable spreads.
- Overall, XTB is a preferred choice for commodity traders seeking a reliable and feature-rich platform with a wide range of commodity assets, advanced trading tools, and excellent customer support.
- Commodity trading involves market risks, including the risk of capital loss, and may not be suitable for all investors.
- Data is gathered through live testing, research, detailed questionnaires, and in-person broker demonstrations.
- Additionally, Moneta Markets integrates high-quality market research from Trading Central, helping clients stay informed about market trends and emerging trading opportunities in the commodities sector.
- Commodity brokers place trades on global exchanges on behalf of their clients.
- Previously known as RKSV securities, the Mumbai based broker is one of the fastest growing broker of India.
Moneta Markets has developed its own copy trading app, enabling signal providers and followers to connect and share trading signals and ideas seamlessly. We carefully considered the needs of commodities traders and focused on the points that benefit this group the most. Want to know how much you need to save and invest in order to achieve your financial goal, than do check moneycontain financial goal calculator.
Best Paper Trading Apps: Train Yourself With NO Risk
- With this feature, you can remain active even outside conventional market hours.
- Supply and demand plays a vital role in how this asset class is traded, and prices are further influenced by factors such as political events and the weather.
- IG US offers low-cost trading with spreads from just 2.8 points on Brent Crude and 0.3 on gold, making it an attractive option for traders who want to keep their costs down.
- With Pepperstone you can trade commodity CFDs or spread bet on Gold, Silver, Crude, Natural gas with razor sharp pricing, low spreads and fast execution without worrying about physical delivery, ownership and rollovers.
- It’s a good choice for those who want to trade on tight spreads, with a platform built on exceptional tech.
Therefore, we have compiled a list of the features traders should pay attention to when picking a commodity trading platform. IG’s customer support is available 24/5, offering personalized assistance to traders worldwide. They offer multiple trading platforms, including the user-friendly IG Trading platform and the powerful MetaTrader 4 platform.
Top 10 Commodity Trading Platforms – Comparison Table
Pepperstone are regulated by the FCA, so if you are a UK client a certain amount of your funds are protected by the FSCS if Pepperstone was to go bust. You are not protected if you are using MT4 or 5 through an offshore broker, and to be honest, if you are based in the UK you should always be trading with an FCA regulated broker, or the FCA regulated entity of a broker. As I said Pepperstone offers CFD trading for international clients and spread betting for UK customers. Spread betting of course unique to the UK as trades are structured as bets so if you make money trading you don’t have to pay capital gains tax on your profits.
It also charges margin interest on best commodity brokers borrowed funds (usually 2.5% per annum) and overnight financing interest (about 3% per annum). There is also an additional fee ($10 per month) if your account remains inactive for 12 months. The platform is regulated in several jurisdictions, providing a level of security and oversight for all users. So, if you are thinking about entering the commodity market, then you need to first find a stockbroker who meets your requirements.
Alice Blue: Top Commodity Broker in India
Using his experience, he helps traders find the best broker in his reviews. Working with a broker that keeps spreads and commissions to a minimum can make the difference between profit and loss at the end of the day. In our broker review methodology, we consider spreads of less than 35 pips as competitive in gold and less than 3 pips as competitive in WTI crude oil. Also, don’t be caught off guard by miscellaneous account-related fees, such as inactivity and withdrawal fees.
The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio.
The web-friendly Kotak Stock Trader or the desktop-centric KEAT Pro X, for example, both cater to active traders with live data from the markets. The company was incorporated in 1996, offering a wide range of services, ranging from stock to commodity trading. However, if you’re a UK trader they do not offer financial spread betting on commodities.
Although margin trading amplifies potential profits, it also raises the risk of losses. Plus500 is a multi-asset fintech group offering a range of trading products, including CFDs and Share dealing. It gives you access to all popular commodities like gold, copper, silver, platinum, gasoline, wheat, sugar, soybeans, cotton, coffee, and cocoa. Its online trading platform gives you a feature-rich experience across multiple devices.
Currently, the CRB index is comprised of 19 commodities (factsheet here). The largest weighting comes from energy contracts (39%) followed by agriculture (34%). The Index’s historical price movements is highly interesting as bear and bull markets interchanged regularly. A few commodities are so desired by people, now and then, that they are used as currencies.
Best Broker For Commodity Trading In India In 2025 – Reviews & Comparison
CMC Markets had tighter pricing and because the platform had a dark background, and more flashing lights you felt like a real pro. Despite the fact that CMC’s heritage is in the FX markets, I could never really get the hang of those so I’d trade indices, and FTSE 100 shares (also, CMC only really did the main market stuff back then). Spreadex lets you trade over 20 commodities including Gold from only 0.4pts as a spread bet or CFD. They were also recently voted by traders for ‘Best for Efficiency of Taking Trades’ in the Investment Trends Awards. You also get things like a Pivot Points plugin where you can trade off previous highs and lows. Some other main features of MT4 are one-click trading, and the ability to trade off the charts.
Know about Top 10 Commodity Trading Brokers in India
The intuitive app offers a wide range of futures markets with competitive fees. In my assessment, I recorded spreads of 3 pips for WTI crude oil and 29 pips in gold. Spreads in other assets are also competitive; for example, I experienced spreads of 0.9 pips in EUR/USD. I found that Moneta Markets charges an average gold spread of 18 pips and a crude oil spread of 0.03 pips on its Direct STP account. Based on these findings, I concluded that Moneta Markets’ trading fees are better than the industry average.
Best Commodity Trading Platforms/Brokers Compared & Reviewed
AvaTrade has a wide variety of commodity-related CFD instruments, including ETFs such as Market Vectors TR Gold Miners. Advanced MetaTrader 4&5 platforms provide access to robust charting, advanced order types, and automated trading. The proprietary WebTrader platform offers an intuitive and user-friendly alternative.
