Commodity category

Energy markets: WTI, Brent and natural gas

Energy prices are regional even when the headline says oil or gas. WTI and Brent are different crude benchmarks. Natural gas clears through pipelines, storage and, for seaborne trade, liquefied cargoes. A US hub price is not a European hub price.

Written by WiT Markets EditorialReview Editorially reviewedLast reviewed 19 October 2026

Stan Shebs, CC BY-SA 3.0, via Wikimedia Commons. File page.

Market overview

Crude is not one barrel. WTI is a US inland benchmark with a delivery framework at Cushing. Brent is a seaborne benchmark used widely in international cargo pricing. The two prices can diverge when pipelines, storage or freight get in the way.

Natural gas is more local still. Weather moves heating and power demand. Storage fills in mild seasons and draws in cold ones. LNG links some regions, slowly, and does not make every hub the same market.

Markets in this group

WTI crude oil

US crude benchmark shaped by storage, inland delivery and futures expiry.

Futures, funds, producer shares, CFDs

Explore market

Brent crude oil

International crude benchmark for waterborne markets, not a synonym for WTI.

Futures, funds, CFDs

Explore market

Natural gas

Regional energy markets shaped by storage, weather and pipeline capacity.

Futures, some funds, CFDs

Explore market

What tends to move it

Inventories

Visible stocks are part of supply. A low stock is not, by itself, a trade.

Refining and freight

A crude price and a fuel price are separated by refinery runs and shipping.

Weather

Gas demand and, at times, production both depend on it.

Policy and conflict

Sanctions and export routes change who can deliver.

Ways to take the exposure

These are different legal positions. A platform may offer one and not the others. Nothing here is available in every country.

Exchange futures

A named contract month, margin and an expiry. Delivery rules matter if you hold into the notice period.

Funds

Often a rolling futures position. The curve can dominate the spot story.

Producer equities

An energy company, not a barrel.

CFDs

A contract with a firm, where the rules allow it. No barrel and no warehouse.

Contract specifications

CME Group

The exchange publishes the contract unit, tick, currency and settlement rule. This page does not copy a size, a tick or a margin, because those figures were not read from the specification table. A broker margin is a separate, variable number.

Read the exchange page

ICE

ICE lists Brent and other energy contracts. This page does not reprint ICE’s contract tables.

Read the exchange page

Illustrative contract value

What the costs usually are

Futures add commission and exchange fees. Funds add the roll and an ongoing charge. CFDs add spread and financing. Currency conversion sits on top when the quote currency is not yours.

What a headline commission leaves out of the bill separates the commission from the spread, financing and other charges.

Risks that belong to this market

Expiry and delivery

A crude future can have delivery rules you did not intend to meet.

Curve

Contango means a later contract is priced above the nearer one. Rolling can be a cost.

Regional basis

The hub in the news may not be the hub in the contract.

Compare energy providers

The list is the commodities research workbook’s assignment for this group. A firm appears here only when that workbook places it in energy. A group assignment is not proof that every market in the group is offered. Firms with no group in the workbook are left out. The order is alphabetical. It is not a ranking, and no commercial relationship is recorded on these rows.

15 of 15 providers assigned to Energy in the research workbook. Order is alphabetical. A region filter means the research note mentions that region. It does not confirm you can open an account there.

CFD broker

AvaTrade

Global forex/CFD broker

Best aligned withRetail CFD traders wanting broad platform choice and global regional entities

Metals, energy and agricultural commodity CFDs depending entity

Instruments: CFDs
Costs: Spread-based; product/entity-specific fees
Minimum: Entity/funding-specific
Noted reach: A wide country statement appears in partner material. Client eligibility is not confirmed from that statement.

Advantages

Multiple platforms.
Broad regulatory footprint.
Metals/energy/agricultural CFDs.

Limitations

No direct commodity ownership.
Country/product differences.
Spread-based pricing may be less transparent than exchange commissions.

Visit AvaTrade

CFD broker

Capital.com

Global CFD broker

Best aligned withCFD traders wanting a modern interface and broad commodity range

65+ commodity CFDs provider-stated across metals, energy and soft/agricultural markets

Instruments: CFDs
Costs: Spread-based, no commission on cited CFD proposition; other costs apply
Minimum: Funding/entity-specific
Noted reach: Available broadly outside an explicit restricted-country list

Advantages

65+ commodity CFDs.
TradingView/MT integrations.
Modern platform.

Limitations

CFD-only commodity exposure.
Many restricted jurisdictions.
No listed commodity futures.

Visit Capital.com

CFD broker

City Index

StoneX forex/CFD / spread-betting broker

Best aligned withExperienced commodity-CFD/spread-betting users in supported StoneX markets

Gold, oil and other commodity CFDs/spread bets by region

Instruments: CFDs
Costs: Spread-based; region/product-specific
Minimum: Entity-specific
Noted reach: Regional City Index / StoneX footprint; no full global country list captured

Advantages

StoneX-backed.
Strong trading platforms.
Gold/oil commodity access.
Established UK/Singapore presence.

Limitations

No broad passive investment route.
No complete global availability list.

Visit City Index

CFD broker

CMC Markets

Global broker / CFD and investment platform

Best aligned withActive commodity-CFD traders wanting proprietary charting and established global support

Commodity CFDs across metals, energy and soft commodities; investing offering differs by region

Instruments: ETFs/ETCs, CFDs
Costs: Spread-based CFD pricing; investing fees region-specific
Minimum: No general minimum highlighted on global trading site
Noted reach: Significant UK, Australia, Europe, Singapore, Middle East and North America footprint

Advantages

Strong proprietary platform.
Broad global regulatory footprint.
Competitive commodity-CFD access.
Institutional infrastructure.

Limitations

Primarily derivative exposure for commodities.
Exact country/product coverage requires local confirmation.

Visit CMC Markets

Multi-asset

DEGIRO

Pan-European broker

Best aligned withEuropean long-term investors seeking low-cost commodity ETF/ETC exposure

Commodity ETFs/ETCs such as oil and precious-metals products; exchange products vary by market

Instruments: ETFs/ETCs, Listed futures, Options, Commodity equities
Costs: Low-cost transaction model; product/exchange-specific fees
Minimum: No large general minimum
Noted reach: Services in 15 European countries provider-stated

Advantages

Strong European brokerage footprint.
Commodity ETFs/ETCs.
Low-cost investing orientation.

Limitations

Not global.
Fewer leveraged/speculative commodity tools.
No direct spot metals.

Visit DEGIRO

Multi-asset

eToro

Global multi-asset investing platform

Best aligned withMulti-asset investors wanting simple commodity exposure alongside stocks, ETFs and crypto

Gold, oil, copper and other commodities primarily via CFDs; commodity ETFs can offer non-CFD exposure

Instruments: ETFs/ETCs, CFDs
Costs: Spread/overnight/product-specific fees
Minimum: Country-specific
Noted reach: Broad multi-country availability; local restrictions differ

Advantages

Simple multi-asset interface.
Commodity CFDs plus ETF routes.
Broad international brand.
Easy portfolio integration.

Limitations

Less suitable for specialist futures traders.
CFD/ETF treatment varies.
Automation is limited.

Visit eToro

CFD broker

FOREX.com

Global specialist forex/CFD broker

Best aligned withActive CFD traders wanting commodity markets alongside forex and strong market analysis

A published range includes crude oil, natural gas, corn and metals.

Instruments: CFDs
Costs: Spread-based commodity CFDs; financing can apply
Minimum: Entity/payment-specific
Noted reach: Broad international reach. A full positive country list was not captured.

Advantages

StoneX backing.
A published range includes crude oil, natural gas, corn and metals.
Strong platforms and research.

Limitations

Not a passive commodity-investing platform.
Leverage/overnight costs.
Country coverage requires local verification.

Visit FOREX.com

CFD broker

FP Markets

Global forex/CFD broker

Best aligned withActive CFD traders wanting multiple professional platforms and commodity/metal access

Oil, gas, corn, sugar and precious metals among broader commodity CFDs

Instruments: ETFs/ETCs, CFDs
Costs: Spread/commission account structures
Minimum: Entity/account-specific
Noted reach: Global with explicit ineligible partner-country list; retail eligibility still entity-specific

Advantages

MT4/MT5/cTrader/TradingView.
Commodities and metals.
Wide CFD range.

Limitations

No direct listed commodity futures.
Region-specific entity rules.

Visit FP Markets

CFD broker

IG

Global broker / derivatives and investing provider

Best aligned withActive commodity-CFD traders wanting an established global broker and strong platform tooling

Commodities including metals, energy and other markets mainly through CFDs/spread betting, plus region-specific investing products

Instruments: ETFs/ETCs, Listed futures, Options, CFDs, Commodity equities
Costs: Spread/commission by product/entity
Minimum: Entity/payment-specific
Noted reach: Broad global entity footprint; product access differs by country

Advantages

Long-established brand.
Broad commodity-CFD access.
Strong charting/platform ecosystem.
Many regulated entities.

Limitations

Derivative exposure is not ownership.
Pricing and availability vary by jurisdiction.

Visit IG

Multi-asset

Interactive Brokers

Global multi-asset broker

Best aligned withSophisticated global investors/traders wanting listed commodity futures, ETFs/ETPs and professional tools

Energy, metals, agriculture and related commodity products via futures, ETFs/ETPs and metals

Instruments: ETFs/ETCs, Listed futures, Options, Commodity equities, Spot metals
Costs: Product/exchange commissions + market-data fees; fund/ETF pricing varies
Minimum: No general standard brokerage minimum
Noted reach: Official available-country list covers most major global markets and territories

Advantages

Very broad global market access.
Listed futures and options.
ETFs/ETPs.
Professional execution.
Extensive APIs.

Limitations

More complex than simplified retail platforms.
Market-data/exchange fees may apply.
Not a commodity-CFD specialist.

Visit Interactive Brokers

CFD broker

OANDA

Global forex/CFD broker

Best aligned withActive CFD traders wanting commodities, metals and strong TradingView/MetaTrader support

Hard and soft commodity CFDs including oil, copper, natural gas, corn plus precious metals

Instruments: CFDs
Costs: Spread-based commodity/metal CFDs
Minimum: Entity/payment-specific
Noted reach: Broad global reach; partner programme accepts traffic globally with exceptions

Advantages

Established global broker.
Strong charting/platform support.
Commodity and metals CFDs.

Limitations

No direct commodity ownership.
Country/entity differences.
Financing/spread costs matter.

Visit OANDA

CFD broker

Pepperstone

Global forex/CFD broker

Best aligned withActive CFD traders wanting multiple professional platforms for metals, energy and soft commodities

40 spot commodity markets across metals, energies and softs on cited UK page

Instruments: CFDs
Costs: Spread-based; Razor pricing applies to some products
Minimum: No universal minimum highlighted
Noted reach: Licensed in multiple regions. Product access still depends on the legal entity.

Advantages

MT4/MT5/cTrader/TradingView.
40 commodity markets.
Strong active-trader infrastructure.

Limitations

No passive commodity ownership route.
Leverage risk.

Visit Pepperstone

CFD broker

Plus500

Global derivatives broker

Best aligned withUsers seeking a simple proprietary interface for commodity CFDs

Gold, silver, oil, Brent, heating oil, copper, aluminium and other commodity CFDs

Instruments: CFDs, Listed futures
Costs: Spread/financing-based CFD pricing; regional products differ
Minimum: Entity/product-specific
Noted reach: Provider has stated broad multi-country coverage; complete current country list not captured

Advantages

Simple platform.
Broad commodity-CFD range.
Global brand and multi-jurisdiction presence.

Limitations

No direct commodity ownership.
Limited specialist futures tooling.
Regional terms vary.

Visit Plus500

Multi-asset

Saxo

Global bank/broker

Best aligned withExperienced investors wanting multiple ways to access commodities in one institutional-style platform

Commodity CFDs, futures, options, spot metals and ETCs across energy, metals and agriculture

Instruments: ETFs/ETCs, Listed futures, Options, CFDs, Commodity equities, Spot metals
Costs: Tiered commissions/spreads by product and account tier
Minimum: Country/entity/account-tier specific
Noted reach: 1m+ clients across 26 countries provider-stated

Advantages

Unusually broad commodity toolkit: futures, options, CFDs, spot metals and ETCs.
Strong research.
Multi-currency accounts.

Limitations

Pricing and minimums vary by country/account tier.
Can be more complex than app-first brokers.

Visit Saxo

Multi-asset

Trading 212

Investment platform / CFD broker

Best aligned withRetail users wanting simple ETF/ETC commodity exposure plus CFDs in supported countries

Crude oil, Brent, gold, silver and other commodity/futures CFD instruments plus listed ETFs/ETCs

Instruments: ETFs/ETCs, CFDs
Costs: Commission-free Invest on supported securities; CFD spreads/overnight financing; FX charges can apply
Minimum: Low/product-specific
Noted reach: Explicit supported-country list published by entity

Advantages

Clear supported-country list.
Simple app.
Both listed-product and CFD routes.
Broad European availability.

Limitations

No direct listed commodity futures.
Advanced professional commodity tools are limited.
CFD financing can matter.

Visit Trading 212

Commodities providers — detailed comparison

Compare commodities access, investment products, trading tools, costs, and platform capabilities in one structured view. Fee models are not collapsed into one number. A spread, a futures commission and an ETF charge are different costs.

Alphabetical comparison of commodities platforms reviewed for this page. Swipe sideways for more columns.
Provider	Platform type	Commodity coverage	Instruments	Costs	Minimum	Regulation	Noted reach	Tools	Visit
AvaTrade Global forex/CFD broker	CFD broker	Metals, energy and agricultural commodity CFDs depending entity	ETFs/ETCs: ETF CFDs / selected multi-asset products. Futures: CFD/futures-derived commodity exposure. Options: No core listed commodity options. CFDs: Yes. Metals: Yes / derivative.	Spread-based; product/entity-specific fees	Entity/funding-specific	Regulated across Ireland/EU, BVI, Australia, South Africa, Japan, Abu Dhabi, Kenya and other group structures	A wide country statement appears in partner material. Client eligibility is not confirmed from that statement.	WebTrader; AvaTrade app; MT4; MT5; AvaOptions	Visit AvaTrade
Capital.com Global CFD broker	CFD broker	65+ commodity CFDs provider-stated across metals, energy and soft/agricultural markets	ETFs/ETCs: ETF CFDs / region-specific. Futures: No core listed futures. Options: No core. CFDs: Yes. Metals: Yes / CFD.	Spread-based, no commission on cited CFD proposition; other costs apply	Funding/entity-specific	Regulated across multiple jurisdictions	Available broadly outside an explicit restricted-country list	Capital.com web/mobile; TradingView; MT4/MT5 on current international page	Visit Capital.com
City Index StoneX forex/CFD / spread-betting broker	CFD broker	Gold, oil and other commodity CFDs/spread bets by region	ETFs/ETCs: No core. Futures: Futures-derived/expiry CFD markets depending region. Options: No core. CFDs: Yes. Metals: Yes / CFD.	Spread-based; region/product-specific	Entity-specific	StoneX Financial entities including FCA UK and MAS Singapore	Regional City Index / StoneX footprint; no full global country list captured	City Index Web Trader; mobile; MT4; TradingView in selected regions	Visit City Index
CMC Markets Global broker / CFD and investment platform	CFD broker	Commodity CFDs across metals, energy and soft commodities; investing offering differs by region	ETFs/ETCs: Selected jurisdictions. Futures: Indirect / CFD-style access rather than core listed-futures retail account. Options: Not core. CFDs: Yes. Metals: Yes / CFD.	Spread-based CFD pricing; investing fees region-specific	No general minimum highlighted on global trading site	15 global offices including UK, Australia, Germany/EU, Canada, NZ, Singapore, Bermuda and UAE	Significant UK, Australia, Europe, Singapore, Middle East and North America footprint	Next Generation; MT4/MT5 in selected regions; mobile/web	Visit CMC Markets
DEGIRO Pan-European broker	Multi-asset	Commodity ETFs/ETCs such as oil and precious-metals products; exchange products vary by market	ETFs/ETCs: Yes. Futures: Selected exchange-listed derivatives subject to account/country. Options: Selected. CFDs: No core CFD proposition. Metals: No direct spot metals.	Low-cost transaction model; product/exchange-specific fees	No large general minimum	flatexDEGIRO group; European brokerage structure	Services in 15 European countries provider-stated	Web; mobile	Visit DEGIRO
eToro Global multi-asset investing platform	Multi-asset	Gold, oil, copper and other commodities primarily via CFDs; commodity ETFs can offer non-CFD exposure	ETFs/ETCs: Yes, jurisdiction-specific. Futures: Expiring-future commodity CFDs on some instruments. Options: No core listed-options proposition. CFDs: Yes. Metals: Via CFD / derivative.	Spread/overnight/product-specific fees	Country-specific	Multiple regulated entities globally	Broad multi-country availability; local restrictions differ	Web; mobile	Visit eToro
FOREX.com Global specialist forex/CFD broker	CFD broker	A published range includes crude oil, natural gas, corn and metals.	ETFs/ETCs: No core passive commodity route. Futures: Commodity CFD futures/spot-style products; US futures offered through StoneX ecosystem separately. Options: Not core retail CFD account. CFDs: Yes. Metals: Yes / leveraged product.	Spread-based commodity CFDs; financing can apply	Entity/payment-specific	StoneX-backed, with affiliates regulated in multiple jurisdictions	Broad international reach. A full positive country list was not captured.	FOREX.com proprietary; TradingView; MT5/MT4 depending region	Visit FOREX.com
FP Markets Global forex/CFD broker	CFD broker	Oil, gas, corn, sugar and precious metals among broader commodity CFDs	ETFs/ETCs: Selected. Futures: No core direct listed commodity futures. Options: No. CFDs: Yes. Metals: Yes / CFD.	Spread/commission account structures	Entity/account-specific	Multiple entities including Australia/UK/global structures	Global with explicit ineligible partner-country list; retail eligibility still entity-specific	MT4; MT5; cTrader; TradingView; IRESS in selected regions	Visit FP Markets
IG Global broker / derivatives and investing provider	CFD broker	Commodities including metals, energy and other markets mainly through CFDs/spread betting, plus region-specific investing products	ETFs/ETCs: Selected jurisdictions. Futures: Futures-style/expiry contracts and listed futures in some regions. Options: Options in selected markets. CFDs: Yes. Metals: Yes / derivative.	Spread/commission by product/entity	Entity/payment-specific	UK, Europe, Australia, Switzerland, South Africa, Singapore, NZ, Dubai, Japan, US and International entities	Broad global entity footprint; product access differs by country	IG web/mobile; MT4 in selected regions; ProRealTime integrations	Visit IG
Interactive Brokers Global multi-asset broker	Multi-asset	Energy, metals, agriculture and related commodity products via futures, ETFs/ETPs and metals	ETFs/ETCs: Yes. Futures: Yes. Options: Yes. CFDs: No core retail CFD proposition. Metals: Global metals permission.	Product/exchange commissions + market-data fees; fund/ETF pricing varies	No general standard brokerage minimum	Multiple regulated affiliates globally; contracting entity depends on residence	Official available-country list covers most major global markets and territories	Trader Workstation; IBKR Desktop; Client Portal; GlobalTrader; mobile	Visit Interactive Brokers
OANDA Global forex/CFD broker	CFD broker	Hard and soft commodity CFDs including oil, copper, natural gas, corn plus precious metals	ETFs/ETCs: No core. Futures: No core listed commodity futures in standard CFD proposition. Options: No core. CFDs: Yes. Metals: Yes / CFD or spread bet in selected regions.	Spread-based commodity/metal CFDs	Entity/payment-specific	Multiple regulated divisions including UK, Europe, Canada, Singapore, US, Australia and others	Broad global reach; partner programme accepts traffic globally with exceptions	OANDA web/mobile; MT4; MT5; TradingView	Visit OANDA
Pepperstone Global forex/CFD broker	CFD broker	40 spot commodity markets across metals, energies and softs on cited UK page	ETFs/ETCs: No core. Futures: Perpetual/CFD-style products, not core listed futures. Options: No. CFDs: Yes. Metals: Yes / CFD.	Spread-based; Razor pricing applies to some products	No universal minimum highlighted	Licensed in multiple regions globally	Licensed in multiple regions. Product access still depends on the legal entity.	Pepperstone platform; MT4; MT5; cTrader; TradingView	Visit Pepperstone
Plus500 Global derivatives broker	CFD broker	Gold, silver, oil, Brent, heating oil, copper, aluminium and other commodity CFDs	ETFs/ETCs: CFDs on ETFs in relevant entities. Futures: US futures business / futures-style products in selected regions. Options: Selected regional offerings. CFDs: Yes. Metals: Commodity CFDs.	Spread/financing-based CFD pricing; regional products differ	Entity/product-specific	Multiple regulated entities globally	Provider has stated broad multi-country coverage; complete current country list not captured	Proprietary web/mobile	Visit Plus500
Saxo Global bank/broker	Multi-asset	Commodity CFDs, futures, options, spot metals and ETCs across energy, metals and agriculture	ETFs/ETCs: Yes. Futures: Yes. Options: Yes. CFDs: Yes. Metals: Yes.	Tiered commissions/spreads by product and account tier	Country/entity/account-tier specific	Saxo Bank group; client agreement depends on country of residence	1m+ clients across 26 countries provider-stated	SaxoInvestor; SaxoTrader; web/mobile	Visit Saxo
Trading 212 Investment platform / CFD broker	Multi-asset	Crude oil, Brent, gold, silver and other commodity/futures CFD instruments plus listed ETFs/ETCs	ETFs/ETCs: Yes. Futures: Commodity futures-style CFDs listed in CFD instrument set. Options: No. CFDs: Yes. Metals: Commodity CFDs.	Commission-free Invest on supported securities; CFD spreads/overnight financing; FX charges can apply	Low/product-specific	UK, Cyprus, Germany and Australia entities	Explicit supported-country list published by entity	Web; mobile	Visit Trading 212

AvaTrade

CFD broker

Coverage: Metals, energy and agricultural commodity CFDs depending entity
Costs: Spread-based; product/entity-specific fees
Minimum: Entity/funding-specific
Reach: A wide country statement appears in partner material. Client eligibility is not confirmed from that statement.

Visit AvaTrade

Capital.com

CFD broker

Coverage: 65+ commodity CFDs provider-stated across metals, energy and soft/agricultural markets
Costs: Spread-based, no commission on cited CFD proposition; other costs apply
Minimum: Funding/entity-specific
Reach: Available broadly outside an explicit restricted-country list

Visit Capital.com

City Index

CFD broker

Coverage: Gold, oil and other commodity CFDs/spread bets by region
Costs: Spread-based; region/product-specific
Minimum: Entity-specific
Reach: Regional City Index / StoneX footprint; no full global country list captured

Visit City Index

CMC Markets

CFD broker

Coverage: Commodity CFDs across metals, energy and soft commodities; investing offering differs by region
Costs: Spread-based CFD pricing; investing fees region-specific
Minimum: No general minimum highlighted on global trading site
Reach: Significant UK, Australia, Europe, Singapore, Middle East and North America footprint

Visit CMC Markets

DEGIRO

Multi-asset

Coverage: Commodity ETFs/ETCs such as oil and precious-metals products; exchange products vary by market
Costs: Low-cost transaction model; product/exchange-specific fees
Minimum: No large general minimum
Reach: Services in 15 European countries provider-stated

Visit DEGIRO

eToro

Multi-asset

Coverage: Gold, oil, copper and other commodities primarily via CFDs; commodity ETFs can offer non-CFD exposure
Costs: Spread/overnight/product-specific fees
Minimum: Country-specific
Reach: Broad multi-country availability; local restrictions differ

Visit eToro

FOREX.com

CFD broker

Coverage: A published range includes crude oil, natural gas, corn and metals.
Costs: Spread-based commodity CFDs; financing can apply
Minimum: Entity/payment-specific
Reach: Broad international reach. A full positive country list was not captured.

Visit FOREX.com

FP Markets

CFD broker

Coverage: Oil, gas, corn, sugar and precious metals among broader commodity CFDs
Costs: Spread/commission account structures
Minimum: Entity/account-specific
Reach: Global with explicit ineligible partner-country list; retail eligibility still entity-specific

Visit FP Markets

CFD broker

Coverage: Commodities including metals, energy and other markets mainly through CFDs/spread betting, plus region-specific investing products
Costs: Spread/commission by product/entity
Minimum: Entity/payment-specific
Reach: Broad global entity footprint; product access differs by country

Visit IG

Interactive Brokers

Multi-asset

Coverage: Energy, metals, agriculture and related commodity products via futures, ETFs/ETPs and metals
Costs: Product/exchange commissions + market-data fees; fund/ETF pricing varies
Minimum: No general standard brokerage minimum
Reach: Official available-country list covers most major global markets and territories

Visit Interactive Brokers

OANDA

CFD broker

Coverage: Hard and soft commodity CFDs including oil, copper, natural gas, corn plus precious metals
Costs: Spread-based commodity/metal CFDs
Minimum: Entity/payment-specific
Reach: Broad global reach; partner programme accepts traffic globally with exceptions

Visit OANDA

Pepperstone

CFD broker

Coverage: 40 spot commodity markets across metals, energies and softs on cited UK page
Costs: Spread-based; Razor pricing applies to some products
Minimum: No universal minimum highlighted
Reach: Licensed in multiple regions. Product access still depends on the legal entity.

Visit Pepperstone

Plus500

CFD broker

Coverage: Gold, silver, oil, Brent, heating oil, copper, aluminium and other commodity CFDs
Costs: Spread/financing-based CFD pricing; regional products differ
Minimum: Entity/product-specific
Reach: Provider has stated broad multi-country coverage; complete current country list not captured

Visit Plus500

Saxo

Multi-asset

Coverage: Commodity CFDs, futures, options, spot metals and ETCs across energy, metals and agriculture
Costs: Tiered commissions/spreads by product and account tier
Minimum: Country/entity/account-tier specific
Reach: 1m+ clients across 26 countries provider-stated

Visit Saxo

Trading 212

Multi-asset

Coverage: Crude oil, Brent, gold, silver and other commodity/futures CFD instruments plus listed ETFs/ETCs
Costs: Commission-free Invest on supported securities; CFD spreads/overnight financing; FX charges can apply
Minimum: Low/product-specific
Reach: Explicit supported-country list published by entity

Visit Trading 212

Calculators

Each tool starts from numbers you type. This page does not send a contract size or a live price into them.

Position size

You type the contract multiplier. This page does not insert one.

Open

Futures margin

Tick value and margin come from the specification you enter.

Open

Risk and reward

A planned payoff. It does not grade the trade.

Open

Profit and loss

A result from prices you type.

Open

Stop and target

Distances you choose, not a market order.

Open

Trading journal

A record of trades you enter.

Open

Trading performance

Figures from the journal, not from a feed.

Open

What a commission leaves out

How spread, fees and financing sit beside a headline commission.

Open

A benchmark is a location

WTI, Brent and Henry Hub natural gas answer different questions. One is an inland US crude. One is a waterborne crude reference. One is a US gas hub. Using any of them as the world’s energy price skips the pipe, the ship or the cavern that makes the price local.

The product pages keep those delivery stories separate and do not publish a live quote.

Questions

Does Brent equal the oil price?

Brent is one benchmark. Other crudes trade at premia or discounts to it. A product that says only oil has not named the benchmark.

Why can a gas fund differ from the price in the news?

The fund may hold a different hub, a different month, or a strip of months that it rolls.

Sources and review

Written by: WiT Markets Editorial. Writes and structures WiT Markets pages. Separates a sourced fact from a cell that is Not confirmed.

Review: Editorially reviewed. This is not a qualified specialist review and it is not a legal sign-off.

Last reviewed: 19 October 2026. Next review due 13 April 2027. The date is an editorial pass. It is not a live check of every third-party fee.

Other sources

CME Group — checked 13 October 2026
Intercontinental Exchange — checked 16 October 2026
WiT Markets methodology — checked 13 October 2026

Methodology. Editorial policy. Corrections. Report an error.

Market overview

Markets in this group

WTI crude oil

Brent crude oil

Natural gas

What tends to move it

Inventories

Refining and freight

Weather

Policy and conflict

Ways to take the exposure

Exchange futures

Funds

Producer equities

CFDs

Contract specifications

CME Group

ICE

Illustrative contract value

What the costs usually are

Risks that belong to this market

Expiry and delivery

Curve

Regional basis

Compare energy providers

AvaTrade

Capital.com

City Index

CMC Markets

DEGIRO

eToro

FOREX.com

FP Markets

IG

Interactive Brokers

OANDA

Pepperstone

Plus500

Saxo

Trading 212

Commodities providers — detailed comparison

Calculators

Position size

Futures margin

Risk and reward

Profit and loss

Stop and target

Trading journal

Trading performance

What a commission leaves out

A benchmark is a location

Questions

Related markets

Sources and review

Other sources