We found 11 online brokers that are appropriate for Trading Commodities.
Are you interested in trading the commodities? Just like other financial assets, commodities have different categories which you will probably want to focus on. There are mainly four categories of commodities: agricultural, energy, metals, and cryptocurrencies.
In about the past one decade or more commodities trading has been on the rise across the world and in most of the financial markets.
The primary reason behind such a peak is trading commodies has become more accessible with online trading platforms.
In commerce, the commodities refer to raw materials or basic goods that are bought and sold in the real market.
These have interchangeable and standardized features. Moreover, commodities are traded in high volume and supports liquidity.
Commodities trading is categorized in four main areas
As the name suggests, the commodities revolve around the crops that are traded internationally. Corn, for instance, is the top commodity in the agriculture category. The world needs corn in massive amounts of stock as it is one of the most essential food sources on earth.
Besides being used as the feedstock for humans, it is also an important source for livestock as well. The other commodity in the Agricultural category is Coffee. Who does not know about coffee? The Global coffee industry is a massive one. More and more countries are supplying coffees . The demand continues to grow along with its popularity in many countries.
Sugar is also in the top list. We use it every day to sweeten our favorite drinks and foods. Besides as a food ingredient, it is also the primary ingredient for ethanol manufacturing.
Sugar producers mostly come from Asia such as India, China, Thailand, Pakistan. But some big portion is coming from the US and Russia. When it comes to the global food demand and supply, soybeans also hold an important role. Soybeans are basic ingredients for many commercial food products. Soybean oil is highly demanded as it comes as the best alternative for palm oil.
Soybeans are also the basic ingredients of the bio fuels and livestock food source. Around 80% of global production is handled by three countries: the US, Argentina, and Brazil.
The agricultural category includes food crops like corn, soybeans and cotton, livestock like cattle, pork bellies and lean hogs, and industrial crops like wool, rubber and lumber.
The energy commodities are profitable yet tricky financial products to handle. One will need to have different strategies if they want to achieve success. The current market prices can change without any sign. Crude oil is the top commodity in the Energy category.
It has a tremendous influence across the globe as a global marketed product. Crude oil is basically used for transportation and industries of plastics, textile, computers, as well as cosmetics. The crude oil prices may be different subject to the market you follow. It can be the Brent Crude, or another one is WTI.
Gasoline is also the top product in this category as the source of vehicle fuels. Gasoline is what we usually use in our motorcycles, trucks, and cars. The need for this oil remains the same although the prices could change significantly.
Crude oil is mostly traded in the energy category.
The other commodities include natural gas, coal, uranium, heating oil and RBOB gasoline.
The metal sector has sub categories, precious metals and basic metals.
Gold, silver, palladium and platinum are traded as precious metals while metals like iron ore, zinc, tin, steel and nickel are considered base metals.
Cryptocurrencies are the most popular trade for current generations, due to the quick liquidity it offers. If you are fond of fast paced and short-term investments, adding cryptocurrency trading in your investment strategy will be a great idea. Cryptocurrencies have their own perks aside from their decentralized characteristics. Top cryptos to trade are Bitcoin, Litecoin, Ether, Ripple, Monero, etc.
Cryptocurrency is a new concept and has a virtual identity.
Cryptocurrency refers to digital currency and is becoming more widespread in most countries where the government has not declared it illegal.
Some debate cryptocurrency should not be considered a commodity. Few examples of cryptocurrency include Bitcoin, Litecoin and Ethereum.
If you are interested in gold, then you are digging into the metal commodities. Gold has long been considered as the haven for many investors and traders. Many people stick to it because the price tends to go up.
Gold prices can be great when paper money users are struggling with inflation. Meanwhile, silver is also a great product to consider. Silver is the base of many jewelry products, just like gold.
Besides gold and silver, you might want to check on Copper. Copper is a versatile metal which is highly demanded in many kinds of industries. Copper is wanted because of its natural conductive traits that are prevalent for the electric niche.
Manufacturers use copper for wiring, roofing, plumbing, and so on. Copper is one of the most widespread things mined in many countries around the world.
When it comes to commodities trading, you do not directly purchase the commodities. The physical delivery might happen in the conventional market but not in the online community.
Shares is one of the indirect ways of trading the commodities. Meanwhile, CFD or Contracts for Difference is also a great way to make a trade. This allows you to speculate on the price movements from time to time. The commodity futures are the contracts which come with a preset amount of the commodity in the future.
The most recommended way to trade the commodities is through the ETFs. ETF or Exchange-Traded Funds provide the commodities exposure through the futures or shares. But if you have just started, and it is only a new thing for you, trading commodities through CFDs is a great idea.
Commodities trading in futures means not possessing the goods in physical form. These are just contracts with promises to buy or sell in the future.
However, it is not restricted to a single format. Below are a brief of commodities trading:
In most cases, commodities are delivered to customers who have brought it are now the owners. However, precious metals like gold and silver are not delivered to owners.
These products are held via an agreement for a certain period for investment purposes, there is no actual receiving of physical goods.
Futures are basically contracts between the buyer and seller with promises to exchange the commodity at a future date at a specific price.
Traders can expose less money when speculating on commodities futures. However research and accuracy is required to make money.
Traders just own shares of the companies dealing in commodities. Hence, this is an indirect way of trading commodities.
Commodities are also be traded as ETFs to grant exposure. It is done through investment in futures shares, commodity futures, etc.
Traders can speculate the price movements of commodities with CFDs.
CFDs offer traders increased leverage, allowing traders to trade more of a commodity than their deposited amount.
Be aware that with CFD trading you may lose more than you deposited amount if the trade does not go in your favour.
Prices of commodities are usually based on supply and demand, but there are other drivers too. Below we discuss a few :
The standard of living has been on the high side for the past decade or more in developing countries. This has impacted heavily on the prices of commodities.
USD plays an important role in fluctuating the prices of commodities as it is a default currency in commodities trading.
Alternate product to a commodity also plays a role in price movements in the financial markets.
Agricultural produce relies on the weather. Unfavourable weather tends to increase prices.
We've collected thousands of datapoints and written a guide to help you find the best Commodities Brokers for Commodity Trading for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best Commodities below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Commodities trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
Here are the top Commodities.
Compare Commodities min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Commodities. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Commodities that accept Commodities clients
Broker |
eToro
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IC Markets
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XTB
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AvaTrade
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Roboforex
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FP Markets
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) |
Min Deposit | 200 | 200 | No minimum deposit | 250 | 1 | 100 | 100 | 200 | 100 | 5 | 100 |
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Used By | 20,000,000+ | 180,000+ | 250,000+ | 200,000+ | 10,000+ | 10,000+ | 15,500+ | 10,000+ | 142,500+ | 3,500,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with etoro |
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Up with icmarkets |
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Up with xtb |
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Up with avatrade |
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Up with roboforex |
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Up with fpmarkets |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
Risk Warning | 67% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Your capital is at risk | Your capital is at risk | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
AvaTrade Demo |
Roboforex Demo |
FP Markets Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | US, IN, PK, BD, NG , ID, BE | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | US, JP, NZ | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
You can compare Commodities ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Commodities for 2021 article further below. You can see it now by clicking here
We have listed top Commodities below.