Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
- Experts highlight that while IG Commodities Trading does not offer direct market access to commodity futures, it provides a robust platform for trading over 35 commodities through OTC CFDs and financial spread bets. The platform is praised for its excellent liquidity and competitive spreads, with a total rating of 5.0/5 across various criteria including pricing, market access, and customer service.
- Across 746 user reviews on Good Money Guide, averaging 4/5, customers frequently commend IG for its user-friendly platform, extensive range of products, and reliable customer service. Many users appreciate the seamless integration of trading and investment options, while some express concerns about occasional technical issues affecting trade execution.
Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated IG Commodities Trading across five key areas of our review framework.
- Pricing5.0
- Market Access5.0
- Online Platform5.0
- Customer Service5.0
- Research & Analysis5.0
Pros
- Trading commodities on 25 markets
- Commodities spread betting
- Excellent OTC commodities liquidity
Cons
- No DMA commodities trading
See full expert review
Our verdict
Trade over 35 commodities or a range of commodity stocks and ETFs as a CFD or spread bet on spot prices or with (exclusive to IG) an undated contract. Commodity trading spreads are from just 2.8 points on Brent Crude and 0.3 on gold and you can also attach a guaranteed stop to limit your risk, even in the most volatile market conditions.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Can you trade DMA commodities with IG?
No, IG do not offer direct market access to commodity futures. When you trade commodities with IG you are trading OTC CFDs or financial spread bets. If you want to trade DMA commodities you need a futures broker like Saxo Markets or Interactive Brokers.
But with IG you can trade over 35 commodities or a range of commodity stocks and ETFs as a CFD or spread bet on spot prices or with (exclusive to IG) an undated contract. Commodity trading spreads are from just 2.8 points on Brent Crude and 0.3 on gold and you can also attach a guaranteed stop to limit your risk, even in the most volatile market conditions.
Customer reviews for IG
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 746 reviews
- Excellent38%
- Very good36%
- Basic18%
- Poor5%
- Bad3%
Read customer reviews
5/5
3/5
4/5
4/5
Pros:
I like the app.
Cons:
I don't like the no trade commissions. They could get rid of them, or change the model. After I go for a month without trading, I don't feel like going back.
4/5
4/5
Pros:
Data
Cons:
Closer spreads v other platforms
4/5
Pros:
Charting
Cons:
Tighten spreads
3/5
Pros:
Na
Cons:
Na
2/5
Pros:
Chart tools
Cons:
Offer AIM shares
5/5
Pros:
Like the charts and the amount of markets you can trade
Cons:
Slightly better charting. If you split the charts and have say a weekly and a daily chart then once you enter a long term trend line on the Weekly chart it doesn't match fully the daily chart, so when you make amendments it alters both split pains.
3/5
Pros:
breadth of options
2/5
Pros:
Nothing
Cons:
Charge less
3/5
Pros:
Good for investing using leveraged instruments
Cons:
Provide more tax efficient instruments
4/5
Pros:
Functionality
5/5
Pros:
Ease and reliability of use
Cons:
Not much :)
2/5
3/5
Pros:
diversity
Cons:
no thoughts
3/5
Pros:
easy to use
Cons:
happy with it
5/5
Pros:
Individual share information
5/5
Pros:
Graphical interface
Cons:
None
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 The Sunday Times, 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.
