You can trade commodities as a spread bet or CFD with Spreadex, but you cannot trade futures spreads. The difference between the spread in commodities trading for futures is that it’s the difference in price between the front and forward months. Whereas in spread bets and CFDs the spread refers to the difference between the buy and sell price of a commodity (which is often wider than the DMA on exchange price to incorporate commission).
Spreadex Commodity Trading Review
Name: Spreadex Commodity Trading
Description: Spreadex lets you trade over 20 commodities including Gold from only 0.4pts as a spread bet or CFD. They were also recently voted by traders for ‘Best for Efficiency of Taking Trades’ in the Investment Trends Awards.
72% of retail investor accounts lose money when trading CFDs with this provider.
Summary
- Commodities markets available: 20
- Minimum deposit: £1
- Account types: CFDs, spread betting
- Pricing: Gold 0.3, Oil 0.28
Pros
- Excellent customer service
- Tight commodity spreads
- Commodities spread betting
Cons
- No DMA commodities trading
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Pricing
(4)
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Market Access
(3.5)
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Online Platform
(4)
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Customer Service
(5)
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Research & Analysis
(4)
Overall
4.1- Expert opinion: Spreadex reviewed & rated
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.
