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When you trade commodities with City Index you are either trading a CFD or financial spread bet as an OTC product. You are not trading on exchange futures with DMA access. However, you can trade spot commodities against the USD, or quarterly contracts with mirror the futures cost of carry.

City Index Commodity Trading Review
City Index

Name: City Index Commodity Trading

Description: Trade over 20+ different commodity markets with spread betting and CFD spreads from just 0.06pts. In business for 40 years, City Index is a trusted market leader that’s authorised and regulated by the Financial Conduct Authority (FCA). Exclusive to City Index, get trading ideas and post-trade analysis to improve your trading performance.
70% of retail investor accounts lose money when trading CFDs with this provider.

Summary

  • Commodity markets available: 20
  • Minimum deposit: £100
  • Account types: CFDs & spread betting
  • Pricing: Gold 0.8, Oil 0.3

City Index Trading Platform

Pros

  • Tax-free commodities spread betting
  • Trading signals and portfolio analysis
  • Wide range of commodities to trade

Cons

  • No DMA commodities trading
  • No physical commodity ETFs
  • Pricing
    (4)
  • Market Access
    (4.5)
  • Online Platform
    (4.5)
  • Customer Service
    (4)
  • Research & Analysis
    (4)
Overall
4.2

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About The Author

Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape. Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000. Richard's contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others. Under Richard's leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide's standing as a well-respected resource for both customers and industry colleagues.

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