Pepperstone is our pick for trading gold in the UK: spot gold spread bets start from 0.1 points with no commission, Razor CFDs from 0.08 plus a fixed commission, and gold forwards avoid daily funding. Capital.com is the alternative for commodity traders who want guaranteed stops and a longer list of 65+ commodity markets.
Your questions, answered
Which broker is best for trading oil?
Pepperstone is our oil pick: its minimum spreads are 2.2 on spot Brent and 2 on US crude on Razor, with no commission on oil on any account, and it offers Brent and WTI forwards. Capital.com sources its crude prices from NYMEX and Brent from ICE Futures Europe and lists both spot and dated oil contracts. Oil is capped at 10:1 for UK retail clients.
Which platform offers the best prices for gold trading?
On published minimums, Pepperstone: spot gold from 0.08 on its Razor account and 0.1 as a commission-free spread bet, against Capital.com's spread betting example of 0.30. The Razor quote carries commission from £2.25 per lot per side, so compare it with the 0.19 Standard spread for your trade size.
Which broker is best for trading silver?
Pepperstone lists spot silver from 0.018 on Razor, 0.023 on Standard and 0.028 as a spread bet, with silver forwards too. Silver is not gold under FCA rules, so retail leverage is 10:1 rather than 20:1. Its percentage moves are usually larger than gold's, so smaller stakes are sensible.
Which broker offers the widest range of commodity markets?
Capital.com lists 65+ commodity markets, including dated futures such as Brent and WTI contracts by month. Pepperstone offers 40 spot markets across precious metals, industrial metals (copper, aluminium, nickel, lead, zinc), energies and softs, plus forwards on oil, gold and silver. For gold, oil and silver both are complete; for softs, check each list.
Can you compare the top brokers for gold and oil CFDs?
Pepperstone: gold from 0.08 (Razor, plus commission) or 0.19 (Standard), Brent from 2.2 and US crude from 2, no commission on oil, no guaranteed stops. Capital.com: commission-free spreads shown live on the platform, guaranteed stops for a premium if triggered, and spot commodity funding made up of a 0.01096% daily admin fee plus a premium adjustment between futures months. Both cap gold at 20:1 and oil at 10:1 for retail.
Which broker is best for trading precious metals?
Pepperstone covers spot gold and silver in several currencies plus platinum and palladium, and its Razor account charges raw spreads with commission only on XAU/USD. Its gold quotes in other currencies let you take a view on gold without a pure US dollar exposure. Capital.com covers gold, silver, platinum and palladium as well.
Which platform is best for commodity CFD trading in the UK?
For commodity forwards at Pepperstone, MT5 and cTrader are where the CFD forwards are listed; for spot commodities, any of its five platforms work. Capital.com's own platform shows trader sentiment and an economic calendar, which helps around inventory and OPEC news. TradingView suits chart-led traders at both firms.
Which broker is best for day trading gold?
For gold day trading we pick Pepperstone's Razor account: raw spot gold from 0.08 plus a fixed commission, and no overnight cost if you close the same day. Gold's busiest hours for UK traders are the London morning and the US data releases at 1.30pm UK time. Its spread can widen sharply around US jobs and inflation figures.
Which brokers let you trade commodities on MetaTrader?
Pepperstone offers its commodities on MT4 and MT5, on CFD and spread betting accounts, and lists its commodity forwards on MT5. Capital.com offers commodities on MT4. Check the contract size in MetaTrader's symbol specification, because a gold lot and an oil lot are not the same quantity.
What is the spread on spot gold at UK brokers?
Pepperstone's published minimums for spot gold are 0.08 on Razor, 0.19 on Standard and 0.1 on spread bets. Capital.com's UK spread betting page gives an indicative gold spread from 0.30 points. Minimum spreads apply in liquid hours; at the daily rollover around 10pm UK time they are often much wider.
What does it cost to open and close a gold CFD position?
On Pepperstone Standard you pay only the spread, from 0.19, so 10 ounces at the minimum cost $1.90 round trip. On Razor the spread starts at 0.08 ($0.80 on 10 ounces) plus commission from £2.25 per lot per side. Hold past 5pm New York time and an overnight adjustment is added, which you can estimate with Pepperstone's swap calculator.
What is the spread on Brent crude at UK brokers?
Pepperstone lists spot Brent from 2.2 on Razor, 4.2 on Standard and 2.8 as a spread bet. Spot Brent trades from 01:00 on Monday and 03:00 Tuesday to Friday, server time, closing at 23:59. Capital.com shows Brent's spread live on its platform and prices it from ICE Futures Europe.
What is the spread on WTI crude oil at UK brokers?
Pepperstone's spot US crude (WTI) minimums are 2 on Razor, 3 on Standard and 2.4 on spread bets. Capital.com prices US crude from NYMEX futures. WTI is most liquid during US hours, and the weekly US inventory report on Wednesdays at 3.30pm UK time is a frequent spike.
Which broker is best for natural gas trading?
Pepperstone lists natural gas from 0.3 on Razor and spread bets and 0.4 on Standard. Natural gas has steep seasonal price differences between futures months, which is why Capital.com charges a daily premium adjustment on its spot gas as the price rolls from one contract to the next, and notes that overnight funding applies to natural gas even unleveraged. It is one of the most volatile commodities, so start small.
Which brokers offer agricultural commodity CFDs?
Pepperstone offers agricultural CFDs on cocoa, corn, wheat, soybeans, soy meal and oil, sugar, cotton, orange juice, rice, oats, lumber, cattle and lean hogs, each trading only in its exchange hours. Capital.com lists US cocoa and coffee arabica among its commodity markets. Softs have short sessions and wider spreads than metals.
What are the overnight financing costs on gold CFDs?
Gold is a spot market with no dividend, so its overnight charge follows US dollar interest rates plus the broker's fee, and long positions usually pay. Pepperstone applies it after 5pm New York time and shows the current rate on its platform; its gold forwards avoid the daily charge. Capital.com publishes its daily long and short gold funding rates in its UK fees table.
What leverage can UK retail traders get on gold?
Gold is capped at 20:1 for UK retail clients, which means a 5% margin. Pepperstone's UK fees page shows gold at 1:20, separately from other commodities at 1:10. Professional clients at Pepperstone can access up to 1:500 on gold, but lose negative balance protection.
Which broker is cheapest for trading copper?
Neither pick publishes a fixed minimum copper spread on its UK pages, so compare the live quotes on each platform. Pepperstone trades spot copper with no commission from 01:01 to 23:59 server time; Capital.com lists copper among its commodity markets. Industrial metals have 10:1 retail leverage.
What are the trading hours for gold at UK brokers?
At Pepperstone, spot gold trades from 01:01 to 23:59 server time Monday to Thursday and closes at 23:55 on Friday. Server time is two hours ahead of UK time for most of the year, so gold is open almost 23 hours a day from Sunday night. Gold against Asian currencies, such as XAUSGD, has shorter hours.
Which broker offers the tightest oil spreads?
Among our picks, Pepperstone's Razor minimums are the tightest published: 2 on US crude and 2.2 on Brent. Its spread bet minimums are slightly wider, 2.4 and 2.8. Note that oil has no Razor commission, so on oil the Razor and Standard accounts differ only by spread.
What margin is required to trade oil CFDs in the UK?
UK retail leverage on oil is 10:1, so margin is 10% of the position value: £1,000 of exposure needs £100. Professional clients at Pepperstone can trade energies at up to 1:200. Hold a buffer above the minimum, because oil can gap sharply on supply news.
Published 2026-10-21. Informational only, not investment advice. CFDs are leveraged products and most retail accounts lose money.
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