A good online best commodity trading platforms UK will make your trading experience as smooth as possible. This is because it will have a user-friendly design, intuitive tools, and top-notch research in the form of articles, news headlines, videos and webinars. It will also be regulated by a reputable body, like the Financial Conduct Authority (FCA), so you can rest assured that your money is in safe hands.
The best commodity trading platforms UK offer a variety of instruments to choose from, including hard and soft commodities. Some also allow you to trade CFDs on shares and indices. This will give you the opportunity to diversify your portfolio and capitalise on price movements in a range of markets, including precious metals such as gold and silver, oil and gas, and more.
Best UK Stock Trading Platforms for Shorting in 2024
Many platforms in the UK also offer a wide variety of other assets, including foreign exchange (FX) pairs, stocks, ETFs, and bonds. In addition, some have a mobile trading app that offers live market updates and price data in real-time. They will also provide a range of education materials and support.
In terms of fees, some platforms will charge stamp duty, a tax on shares bought from the London Stock Exchange. Others will have additional FX charges on foreign shares, and some will charge inactivity fees if an account is dormant for several months. Other fees to be aware of include slippage, which is the difference between your entry and exit prices.
