We found 11 online brokers that are appropriate for Trading Commodity Currencies Investment Platforms.
Trading in the Forex markets requires more than just following a suitable strategy and being observant in order to benefit from profitable opportunities. Professionals in the business often go the extra mile by staying updated on the several factors that might affect currency values. Changes in government, interest rates, and a country's economic growth all have an impact on a currency's value. Moreover, a strong correlation is typically seen between a country's currency value and the demand for its domestic products.
Several traders within the Forex market are unaware of these factors, but for the few that do know about them, they act as external indicators. For example, when the price for a country's export commodity goes up, the value of that country's currency is likely to improve, and vice versa when the price falls. Knowing the relationship between certain commodities and currencies will give a professional Forex trader additional insight into important market trends.
Don't worry if you aren't aware of these influences; it's not too late to learn. Below are some of the most traded currencies in FX, and the commodities that determine their value.
The Canadian Dollar is one of the most traded currencies in the Forex market and is usually combined with the American Dollar or Japanese Yen to form strict pairs. Meanwhile, oil is one of the most consumed commodities in the world. It's a product that is used by every developing country.
According to records and statistics, there is a correlation between CAD and oil due to Canada's strong oil exportation and being the fifth largest oil producer in the world. Therefore when there is a decrease in oil price, the value of the currency suffers, and rises when oil prices increase. Due to the closeness of the two countries, the United States of America imports oil from Canada. For this reason, there is always exchanges being made with oil between CAD and USD.
Because of this it can be deduced that the USD/CAD pair will fall in price when oil prices increase, and it will rise when there's a decline in oil price. Similarly, oil price has a huge impact on the movement of the CAD/JPY pair. This is because Japan depends on other countries for its oil. Therefore, the Japanese Yen is greatly affected by the increase or decrease in oil price. When oil price goes up, it favours the CAD/JPY pair, but its value decreases when prices fall.
Because it is the largest producer and exporter of iron ore globally, Australia sees a strong correlation between the price of iron ore and the Australian Dollar. In 2018, the country exported about $38.8 million worth of iron ore to foreign nations, mostly China and Japan. Therefore, traders can expect a change in the movement of the AUD/JPY in tandem with the rise/fall in the price of iron Ore.
The value of the Australian Dollar is affected by several commodities. Apart from iron ore, the country also ranks high in the production and exportation of precious metals and Petroleum. Australia is the second-largest gold producer in the world too. As a result, a positive correlation is seen between the Australian Dollar and gold, or precious metals in general.
When the price of gold increases, the value of AUD strengthens against all other currencies, signalling an opportunistic moment to trade pairs such as AUD/USD and AUD/NZD (New Zealand Dollar). The Australian Dollar also falls with a decline in the price of precious metals.
The Russian Ruble is also affected by oil prices. Being the third highest producer of oil and the first highest exporter of gas globally, Russia's economy and currency greatly depend on the price of this commodity. For instance, it was seen in 2014 that the Russian Ruble decreased in value when oil prices fell. Likewise, the value of the currency was also affected when the U.S government imposed a sanction on Russia for interfering in the 2016 U.S presidential election.
For every possible Ruble pair in the Forex market, the Ruble will rise against the quoted currency when oil prices increase, and goes the opposite way when oil prices decrease.
Forex is a market where investors trade commodity currencies, and as mentioned above, the currencies are controlled by several different factors. Therefore, Forex traders are advised to monitor these factors in order to make correct and accurate speculations. It is also wise to stay updated with the price of specific commodities, such as Crude oil, copper, iron ore, and gold.
We have conducted extensive research and analysis on over multiple data points on Trading Commodity Currencies to present you with a comprehensive guide that can help you find the most suitable Trading Commodity Currencies. Below we shortlist what we think are the best Trading Commodity Currencies Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Trading Commodity Currencies.
Selecting a reliable and reputable online Trading Commodity Currencies Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Trading Commodity Currencies Investment Platforms more confidently.
Selecting the right online Trading Commodity Currencies Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Trading Commodity Currencies Investment Platforms trading, it's essential to compare the different options available to you. Our Trading Commodity Currencies Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Trading Commodity Currencies Investment Platforms broker that best suits your needs and preferences for Trading Commodity Currencies Investment Platforms. Our Trading Commodity Currencies Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Trading Commodity Currencies Investment Platforms.
Compare Trading Commodity Currencies Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Trading Commodity Currencies Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Trading Commodity Currencies Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Trading Commodity Currencies Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Trading Commodity Currencies Investment Platforms that accept Trading Commodity Currencies Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), 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 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. 72.89% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, 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, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Trading Commodity Currencies Investment Platforms 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 Trading Commodity Currencies Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Trading Commodity Currencies Investment Platforms below.
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