Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This page is general information, not financial advice. Advertiser disclosure.
CMC Markets leads commodity CFD brokers for UK traders on instrument range across oil, silver and gas, with Pepperstone strongest on raw cost. Non-gold commodities carry a 10:1 FCA leverage cap, so a £1,000 deposit controls up to £10,000 of exposure on every broker below, each FCA-regulated with FSCS cover.
Which broker is best for commodity CFDs in the UK?
CMC Markets is the best commodity CFD broker in the UK, with the widest commodity menu of the seven FCA-regulated brokers here, spanning oil, silver, natural gas and soft commodities. IG Markets follows on spread-only depth across energy and metals, and Pepperstone leads on raw pricing. Retail leverage on non-gold commodities is fixed at 10:1.
Our seven picks for commodity CFDs, ranked:
- CMC Markets: widest commodity menu, oil to soft commodities.
- IG Markets: spread-only pricing across oil, silver, gas and metals.
- Pepperstone: raw commodity spreads on four platforms.
- Vantage: raw pricing on oil, silver and gas.
- Eightcap: silver from 0.1 pips advertised on MT5.
- XTB: oil advertised from 0.08 on xStation.
- Capital.com: zero-commission dynamic spreads, simple all-in quotes.
Gold is the exception at 20:1 and has its own guide.
Jump to Comparison table · Broker reviews · What you can trade · Leverage cap · FAQs
Comparison table: commodity CFD brokers
Commodity cost comes from the GBP-per-point spread on the instruments you trade, plus a commission on raw accounts. The table shows each broker’s advertised minimums in its own quoting convention (see how we rate brokers); oil and silver are the most traded, and natural gas carries a wider spread.
| Rank | Broker | Commodity range | Oil spread (WTI) | Silver (XAG/USD) | Natural gas | Commission basis |
|---|---|---|---|---|---|---|
| 1 |  CMC Markets | Oil, silver, gas, softs | From 2.5 | From 2.5 | From 0.3 | Zero commission, spread-only |
| 2 |  IG Markets | Oil, silver, gas, metals | From 2.8 points | From 2 points | Not published | Commission-free on commodity CFDs |
| 3 |  Pepperstone | Oil, silver, gas | Not published | Not published | From 0.3 points | Spread-only; commission only on Razor spot gold |
| 4 |  Vantage | Oil, silver, gas | Not published | Not published | Not published | Raw pricing, quoted live in platform |
| 5 |  Eightcap | Oil, silver, gas | Not published | From 0.1 pips | Not published | No commission on silver CFDs |
| 6 |  XTB | Energy and metal CFDs | From 0.08 | From 0.2 | Not published | Floating spread, no separate commission |
| 7 |  Capital.com | Oil, silver, gas | Dynamic | Dynamic | Dynamic | Zero commission, dynamic spreads |
Spread figures are advertised minimums from each broker’s UK site, captured 10 July 2026, each in the broker’s own quoting convention. These figures are a desk-based assessment of each broker’s advertised UK pricing rather than spreads captured on a live commodity account. “Not published” means the broker quotes that market live in the platform only. Re-verify on the broker’s current UK disclosure before relying on any figure.
All seven brokers are FCA-authorised, with FSCS cover up to £85,000 per eligible person and Financial Ombudsman Service access. All apply the FCA’s 10:1 retail leverage cap on non-gold commodity CFDs under PS19/18, with negative balance protection and the 50% margin close-out rule.
IG also advertises Brent crude from 2.8 points, and XTB’s advertised oil figure does not name the WTI or Brent benchmark on its instrument page, so confirm which grade it prices before relying on the number.
1. CMC Markets: widest commodity CFD range
Commodity range
Oil, silver, gas, soft commodities
Headline spread
Oil and silver from 2.5, gas from 0.3 (advertised)
Best for
Widest commodity menu
Why it ranks first: soft commodities alongside the core oil, silver and gas set, all spread-only on Next Generation.
Why we recommend CMC Markets
CMC Markets UK plc carries one of the broadest commodity menus of the FCA set, spanning oil, silver and natural gas plus soft commodities, all spread-only on its Next Generation platform. Advertised minimums of 2.5 on oil and silver and 0.3 on natural gas sit mid-pack, but no separate commission applies and the instrument list is the deciding factor here. The firm has traded since 1989, and our UK review scored it 82 out of 100.
The cost sits inside the market-maker spread, so raw-account traders chasing the tightest headline figure should compare Pepperstone and Eightcap below. Next Generation is proprietary, MetaTrader coverage is limited, and there is no raw commodity account. For traders who value range over the last fraction of a point, CMC is the stronger fit.
Pros & cons
- Widest commodity list in this set
- Spread-only pricing, no separate commission
- LSE-listed parent as a structural signal
- Spreads mid-pack against raw accounts
- Proprietary platform for the full range
- No raw commodity account
2. IG Markets: spread-only depth across energy and metals
Commodity range
Oil, silver, gas, metals
Headline spread
Oil from 2.8, silver from 2 points (advertised)
Best for
Spread-only depth
Why it ranks second: commission-free commodity CFDs across energy and metals, under the longest FCA record in this set.
Why we recommend IG Markets
IG Markets Limited offers spread-only commodity CFDs across oil, silver, natural gas and metals, commission-free on commodity markets. Advertised minimums start at 2.8 points on oil and 2 points on silver, and IG's FCA record runs back to 1974, the longest in this set. Our UK review scored it 80 out of 100.
Natural gas carries no published minimum and quotes live in the platform, and the headline oil spread is wider than XTB's advertised 0.08 figure. Traders who want the tightest advertised energy pricing should weigh XTB and Capital.com, but few match IG's breadth and track record.
Pros & cons
- Commission-free commodity CFDs
- Longest FCA record, trading since 1974
- Deep energy and metals range
- Natural gas minimum unpublished
- Headline oil spread wider than XTB's advertised figure
- No MT5 or cTrader
3. Pepperstone: raw pricing on four platforms
Commodity range
Oil, silver, gas
Headline spread
Gas from 0.3 points; oil and silver quoted live
Best for
Raw pricing on four platforms
Why it ranks third: the only broker here running commodities on MT4, MT5, cTrader and TradingView.
Why we recommend Pepperstone
Pepperstone Limited brings raw commodity spreads to the widest platform set of any FCA broker we rank, with MT4, MT5, cTrader and TradingView on one account. Natural gas is advertised from 0.3 points, and commission applies only on the Razor spot gold market. The firm has traded since 2010, and our UK review scored it 90 out of 100.
The trade-off is disclosure: oil and silver carry no static advertised minimums, so those figures must be read live in the platform rather than compared from a price page. Traders who want a published headline spread on every commodity may prefer CMC or IG.
Pros & cons
- Raw commodity pricing
- MT4, MT5, cTrader and TradingView on one account
- Natural gas advertised from 0.3 points
- No static advertised oil or silver minimum
- Figures must be read live in-platform
- Narrower commodity range than CMC or IG
4. Vantage: raw pricing, lean commodity set
Commodity range
Oil, silver, gas
Headline spread
Quoted live in platform
Best for
Raw pricing, lean set
Why it ranks fourth: raw-account pricing on the core oil, silver and gas trio, quoted live across MT4, MT5 and TradingView.
Why we recommend Vantage
Vantage Global Prime LLP runs raw-account pricing on the core oil, silver and natural gas set, quoted live in the platform across MT4, MT5 and TradingView. The firm has traded since 2009, and our UK review scored it 82 out of 100.
Vantage publishes no advertised commodity minimums at all, so any cost comparison requires opening the platform. Its commodity list is also leaner than CMC's or IG's, which makes it a better fit for raw-pricing traders who already know the markets they want.
Pros & cons
- Raw-account commodity pricing
- MT4, MT5 and TradingView
- Trading since 2009 under FCA authorisation
- No advertised commodity minimums
- Cost comparison needs the platform
- Leaner range than CMC or IG
5. Eightcap: silver from 0.1 pips advertised on MT5
Commodity range
Oil, silver, gas
Headline spread
Silver from 0.1 pips (advertised)
Best for
Silver traders on MT5
Why it ranks fifth: silver advertised from 0.1 pips on MT5, with no separate commission on silver CFDs.
Why we recommend Eightcap
Eightcap Group Ltd advertises silver from 0.1 pips on MT5 with no separate commission on silver CFDs, one of the tightest advertised silver figures in this set. The firm has traded since 2009, and our UK review scored it 72 out of 100.
Oil and natural gas carry no published minimum and quote live in the platform, and the commodity range is narrower than CMC's or IG's. Silver-focused traders get the most from Eightcap; those who want the full energy and softs menu should look higher up.
Pros & cons
- Silver advertised from 0.1 pips
- No separate commission on silver CFDs
- MT4, MT5 and TradingView
- Oil and gas minimums unpublished
- Narrower range than CMC or IG
- Commodity pricing centred on silver
6. XTB: tightest advertised oil figure on xStation
Commodity range
Energy and metal CFDs
Headline spread
Oil from 0.08, silver from 0.2 (advertised)
Best for
Tightest advertised oil figure
Why it ranks sixth: the tightest advertised oil figure in this set, from 0.08 on the xStation platform.
Why we recommend XTB
XTB Limited advertises oil from 0.08 and silver from 0.2 on its own xStation platform, floating spread with no separate commission. It is the tightest advertised oil figure on this page. The firm has traded since 2004, and our UK review scored it 77 out of 100.
The advertised oil figure does not name the WTI or Brent benchmark on XTB's instrument page, so confirm which grade it prices before relying on it. Natural gas carries no published minimum, and XTB runs xStation only, with no MetaTrader. Traders who need MT4 or MT5 should look elsewhere.
Pros & cons
- Tightest advertised oil figure, from 0.08
- Floating spread, no separate commission
- Well-built xStation platform
- Oil benchmark unnamed on the instrument page
- Natural gas minimum unpublished
- No MetaTrader, single platform
7. Capital.com: zero-commission dynamic pricing
Commodity range
Oil, silver, gas
Headline spread
Dynamic, no fixed minimum
Best for
Simple all-in quotes
Why it ranks seventh: zero-commission, all-in dynamic quotes across oil, silver and gas on one account.
Why we recommend Capital.com
Capital Com (UK) Limited prices commodities as zero-commission, all-in dynamic spreads across oil, silver and natural gas, on its own platform plus MT4 and TradingView. The firm has traded since 2016, and our UK review scored it 85 out of 100.
Dynamic pricing publishes no fixed minimum, so Capital.com cannot be cost-benchmarked from its disclosure alone, and our assessment of its pricing is desk-based rather than captured on a live commodity account. Traders who want a published headline spread should compare CMC, IG or XTB.
Pros & cons
- Zero-commission, all-in quotes
- Oil, silver and gas on one account
- MT4 and TradingView alongside its own platform
- Dynamic spreads publish no fixed minimum
- Cannot be benchmarked from disclosure alone
- Pricing assessment is desk-based
Which commodities you can trade as CFDs
Commodity CFDs cover energy, metals and soft commodities. The most liquid are crude oil, silver and natural gas, followed by platinum, copper and agricultural products like wheat and coffee. Each tracks the underlying commodity price without delivery of the physical good. Liquidity drives the spread, so oil and silver are usually the cheapest to trade and the soft commodities the widest. The same logic separates brokers across every asset class, and the lowest spread brokers guide ranks the FCA field on spread cost alone.
Silver CFDs (XAG/USD)
A silver CFD tracks XAG/USD, the dollar price of one troy ounce of silver. Silver is more volatile than gold, which widens its spread and its swings. Retail silver leverage is capped at 10:1 by the FCA, the non-gold commodity band, so margin of £1,000 controls up to £10,000 of silver exposure.
Oil CFDs (WTI and Brent)
Oil CFDs track two benchmarks: WTI, the US crude grade, and Brent, the North Sea grade that prices most global oil. The two move closely but carry a price spread between them. Oil CFDs come as spot or dated futures contracts, and the futures form expires on a set date. Retail oil leverage is capped at 10:1.
Natural gas and other commodity CFDs
Natural gas is among the most volatile commodity CFDs, with a wider spread to match. Other commodity CFDs include platinum, copper and soft commodities such as wheat, coffee and sugar. All non-gold commodities carry the 10:1 retail leverage cap. Confirm whether a broker offers a given commodity as a spot or futures CFD before relying on it.
FCA leverage cap on commodity CFDs
The FCA caps retail leverage on non-gold commodity CFDs at 10:1 under PS19/18. Gold is the exception at 20:1, covered on the gold page. Margin of £1,000 controls up to £10,000 of non-gold commodity exposure; how margin works covers the mechanics behind that figure. Negative balance protection and the 50% margin close-out rule apply to all retail commodity positions.
Compare brokers by the factor that decides it
Commodity CFDs are one way to trade the FCA field. Start from the factor that decides it for you.
Start with the overall ranking
Our main UK list scores every FCA-regulated broker on cost and execution.
What you trade decides it
Each market carries its own FCA leverage cap, so the by-asset pages rank brokers per instrument.
Cost decides it
The same trade costs different amounts on different account types. These lists rank on the all-in figure.
The platform decides it
Pick your trading software first, then compare the brokers that carry it.
FAQs
Is CMC Markets the best commodity CFD broker in the UK?
What leverage applies to commodity CFDs in the UK?
Can you trade oil and gas CFDs in the UK?
Are commodity CFD profits taxed in the UK?
What is the difference between spot and futures commodity CFDs?
Which commodity CFD is cheapest to trade?
Related pages
- Best CFD brokers UK
- Best brokers for trading gold UK
- Best index CFD brokers UK
- Best share CFD brokers UK
- Best treasury and bond CFD brokers UK
- What is a CFD?
About the author
Justin Grossbard is the co-founder and head of research at CompareForexBrokers. He has traded forex since 1998, leads UK broker research and has personally reviewed every FCA-regulated broker on this site. His work has appeared in Forbes, Kiplinger and Finance Magnates, and he holds a Bachelor of Commerce (Honours) and a Master's in Marketing.