We found 11 online brokers that are appropriate for Trading Commodity.
Commodity markets is one of the top asset classes which make interests for most of the traders. The marketplace focuses on the raw and primary products trading. Up until now, there are fifty major commodities which have been traded around the world.
If you are interested in this niche, you will want to cover all the basics first before proceeding. Obviously, it is an excellent idea to comprehend the types of the commodities first.
There are mainly two types of commodities to trade: hard and soft commodities. The hard commodities revolve around the raw materials which are mined or extracted from the mother earth such as gold, oil, and rubber etc.
Meanwhile, the soft commodities revolve around the agricultural items and livestock including corn, wheat, pork, beef, coffee, and soybean etc.
What takes place in the commodity market includes the purchases, sales, as well as trading. Both hard and soft commodities are generally natural resources.
The commodities are interesting for the investors who want to get the exposure or invest in the commodities through the futures contracts.
When it comes to the commodities market in the US, there are popular commodity exchanges such as Chicago Board of Trade, Chicago Mercantile Exchange, New York Mercantile Exchange, as well as New York Board of Trade.
Understanding how the commodity market works is an important step to take to get involved with the commodities trading.
As an individual investor, futures contracts might not be your thing due to the nature of bulk orders of commodities. Instead, you can get the exposure of the commodities by getting the stock in the companies or corporations who use commodities prices.
Or, you could look at the index funds, ETFs, or mutual funds. Make sure to focus on the ETFs which are focusing on the commodities related companies.
For some older people, it is a great idea to buy the futures contract. Obviously, it is not a child’s game.
If you’ve just started your journey in the world of trading, make sure you avoid spending on unnecessary things. The futures contract enforces the doers to buy and sell the specific commodity at the predetermined price.
The commodities are prevalent assets in the US market. In the country, Chicago and New York are the places for the exchanges.
These have been long established exchanges of commodities in these places.
The first one is the CBOT - Chicago Board of Trade which has been around since 1848.
CBOT focuses on several commodities like corn, gold, soybeans, wheat, oats, rice, as well as ethanol.
Meanwhile, the other exchange is called Chicago Mercantile Exchange or CME which focuses on commodities trades such as butter, milk, pork bellies, feeder cattle, lean hogs, as well as lumber.
Traders also need to know about the CFTC - Commodity Futures Trading Commission, which is the main regulatory entity who handles the commodity markets in the US soil.
In New York, the exchange is different. It is handled by NYBOT or New York Board of Trade which focuses on certain commodities such as cocoa, coffee, sugar, orange juice, as well as ethanol.
If you are guessing that this party is only focusing on soft commodities, then you are correct. The exchange that handles the hard commodities is NYMEX or New York Mercantile Exchange.
This exchange trades the hard commodities such as copper, silver, aluminum, gold, heating oil, palladium, platinum, electricity, as well as propane gas.
KCBT - Kansas City Board of Trade and MGE - Minneapolis Grain Exchange have the responsibility of trading agriculture commodities such as wheat, corn, and rice, etc.
When it comes to the international commodity exchanges, there are two popular entities which handle the stuff: The London Metal Exchange and Tokyo Commodity Exchange.
In this modern world, most of the commodities practice focuses on online trading, although some exchanges are still open for the over-the-counter market.
One of the reasons why trading commodities can be a prevalent option for this generation is that it is a long-established method of making money.
There have been decades of experiences gathered amongst the professional traders in terms of commodities trading. Not to mention that the commodities are often stable in many countries.
This niche always has pools of participants. In the US, for instance, there is an entity which regulates the commodity futures: Commodity Futures Trading Commission or CFTC.
Their official practices can help to protect the investors and suppliers from fraud and malpractices.
The CFTC roles in regulating the commodities trades have been very important. In 2014, we saw what CFTC did to save the investors after four leading investment banks were caught for manipulation.
We've collected thousands of datapoints and written a guide to help you find the best Commodity Market 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 Commodity brokers below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Commodity 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 Commodity Brokers.
Compare Commodity Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Commodity brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Commodity brokers that accept Commodity clients
Broker |
eToro
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XTB
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Trading212
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Plus500
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XM
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SpreadEx
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Forex.com
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City Index
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Markets.com
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IG
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AvaTrade
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | 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) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | 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 | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Monetary Authority of Singapore (MAS) | Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) |
Min Deposit | 200 | No minimum deposit | 1 | 100 | 5 | 1 | 100 | 25 | 250 | No minimum deposit | 250 |
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Used By | 17,000,000+ | 250,000+ | 14,000,000+ | 15,500+ | 70,000+ | 10,000+ | 150,000+ | 14,000+ | 10,000+ | 239,000+ | 200,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with etoro |
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Up with xtb |
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Up with trading212 |
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Up with plus500 |
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Up with xm |
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Up with spreadex |
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Up with forexcom |
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Up with cityindex |
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Up with marketscom |
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Up with ig |
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Up with avatrade |
Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | 82% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. | 76.4% 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. | Your capital is at risk | Losses can exceed deposits | 74% of retail investor accounts lose money when trading CFDs with this provider | 75% of retail investor accounts lose money when trading CFDs with this provider | 84% 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. | Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. | 79% of retail investor accounts lose money when trading CFDs with this provider |
Demo |
eToro Demo |
XTB Demo |
Trading 212 Demo |
Plus500 Demo |
XM Demo |
SpreadEx Demo |
Forex.com Demo |
City Index Demo |
Markets.com Demo |
IG Demo |
AvaTrade 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, | US, IN, PK, BD, NG , ID, BE | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | US, CA, IL, KR, IR, MM, CU, SD, SY | US, TR | BE | US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW | RU, BR, CH, ZA, SG, JP, US, CA, BE, IL, TR, NZ, MY, SY, TH, ID, IR, IQ, HK, PH, PR | US, BE, FR, IN, IL, PL, ZW | BE, BR, KP, NZ, TR, US, CA, SG |
You can compare Commodity Brokers 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 Commodity Brokers for 2021 article further below. You can see it now by clicking here
We have listed top Commodity brokers below.