This post is also available in Spanish: brokers para materias primas, Italian, Italy: broker di materie prime, German: besten rohstoff broker
What are the best brokers for Commodities trading?
| Broker | Features | More Details |
|---|---|---|
  FeaturedGo to XTB | Excellent 24-hour customer service. More than 3000 instruments to trade. Free webinars.(*) Warning: Your capital is at risk. 77% of retail CFD accounts lose money. Demo Account: Yes Minimum Deposit: 0 €/$ Trading Platforms: xStation5, iOS App, Android App. Execution: Market Maker / STP Regulation:  FCA, CNMV and IFSCWeb Page: https:/www.xtb.com | Broker: XTB Headquarters: London, United Kingdom Broker Type: Forex and CFDs Broker Trading Instruments: More than 3000 instruments such as CFDs on Forex, crypto-currencies, commodities, indices and stocks. In Europe spot stocks and ETFs. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Paypal, Skrill (MoneyBookers), Neteller |
 FeaturedGo to Pepperstone | Spreads from 0 pips. Ultra fast execution (less than 30 milliseconds). Perfect for scalping and automatic trading. Demo Account: Yes Minimum Deposit: 100 €/$ Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader. Execution: STP / ECN Regulation: FCA, ASIC, CySEC, DFSA, CMA and SCBWeb Page: https://www.pepperstone.com | Broker: Pepperstone Headquarters: London, United Kingdom Broker Type: Forex and CFDs Broker Trading Instruments: Wide range of Forex currencies with more than 180 pairs, crypto currencies, commodities, gold, silver, oil, a selection of American stocks, indices,... Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller |
 FeaturedGo to eToro | World leader in social trading. You can copy the best investors automatically.(*) Warning: 67% of retail CFD accounts lose money. Demo Account: Yes, unlimited Minimum Deposit: 200 $ Trading Platforms: WebTrader, iOS App, Android App. Execution: Market Maker Regulation: FCA, CySEC and ASICWeb Page: https://www.etoro.com | Broker: eToro Headquarters: Limassol, Cyprus Broker Type: Forex Broker, CFDs Broker and Social Trading Trading Instruments: Wide range of crypto currencies (more than 90 available), ETFs, shares of companies from different sectors and countries, raw materials (such as Gold, Silver, Oil), main stock exchange indexes (Spain, United States, Germany, France, United Kingdom, Switzerland,...) and more than 45 currency pairs in the Forex market. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Paypal, Neteller, Klarna |
 Go to XM Group | Bonus of $30 without deposit and bonuses of up to $5,000 per deposit.(*) Clients registered with XM Group's EU-regulated entity do not have access to the bonds. Demo Account: Yes, unlimited Minimum Deposit: 5 $ Trading Platforms: MetaTrader 4, MetaTrader 5. Execution: Market Maker Regulation: CySEC, IFSC and ASICWeb Page: https://www.xm.com | Broker: XM Headquarters: Limassol (Cyprus), Sydney (Australia) and Belize. Broker Type: Forex and CFDs Broker Trading Instruments: Over 1000 financial instruments such as major currency pairs in the Forex market (over 55 pairs available) and CFDs on a wide range of stocks, commodities, indices, precious metals and energies such as oil (Brent and WTI). Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller |
 Go to Plus500 | More than 2,000 CFD instruments to trade.(*) Warning: 72% of retail CFD accounts lose money. Demo Account: Yes, unlimited Minimum Deposit: 100 €/$ Trading Platforms: WebTrader, iOS App, Android App. Execution: Market Maker Regulation: FCA, CySEC, ASIC, FSCA and FSAWeb Page: https://www.plus500.com | Broker: Plus500 Headquarters: Israel Broker Type: CFDs Broker Trading Instruments: More than 2,000 instruments: CFDs on shares (wide catalogue of shares from the USA, Spain, Germany, the United Kingdom, France,...), stock market indices, currencies (more than 60 currency pairs on the Forex market), commodities (gold, silver, oil,...), the most popular cryptocurrencies, options and listed investment funds (ETFs). Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Paypal |
 Go to AvaTrade | 5 international regulations. 4 trading platforms to choose. Demo Account: Yes Minimum Deposit: 100 €/$ Trading Platforms: WebTrader, MetaTrader 4, MetaTrader 5, iOS App, Android App. Execution: Market Maker Regulation: Central Bank of Ireland, ASIC, BVI, FSCA and FSAWeb Page: www.avatrade.com | Broker: AvaTrade Headquarters: Dublin, Ireland Broker Type: Forex and CFDs Broker Trading Instruments: Forex market with more than 50 currency pairs Crypto-currencies such as Bitcoin, Ethereum,... CFDs on indices from more than 20 countries. Commodities. More than 100 popular shares of companies listed on the NYSE, NASDAQ, DAX, IBEX and many more. ETFs. Government bonds from the US, Japan and European countries. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller, Klarna |
 Go to RoboForex | Demo Account: Yes, unlimited Minimum Deposit: 0 €/$ Trading Platforms: WebTrader, MetaTrader 4, MetaTrader 5, cTrader, iOS App, Android App. Execution: STP / ECN Regulation: IFSCWeb Page: https://www.roboforex.com | Broker: RoboForex Headquarters: Belize Broker Type: Forex Broker Trading Instruments: 36 Forex currency pairs, crypto-currencies, CFDs on US stocks, indices, metals, oil. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller, WebMoney, Perfect Money, Bitcoin, Ethereum |
 Go to FP Markets | Demo Account: Yes Minimum Deposit: 100 €/$ Trading Platforms: MetaTrader 4, MetaTrader 5, IRESS. Execution: ECN Regulation: ASIC and CySECWeb Page: https://www.fpmarkets.com | Broker: FP Markets Headquarters: Sidney, Australia Broker Type: Forex and CFDs Broker Trading Instruments: Over 50 most popular Forex currency pairs and CFD on shares, stock indices, metals, commodities, energies and crypto-currencies. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Paypal, Skrill (MoneyBookers), Neteller, FasaPay |
 Go to OANDA | Demo Account: Yes, unlimited Minimum Deposit: 0 $ Trading Platforms: MetaTrader 4. Execution: Market Maker Regulation: FSCWeb Page: https://www.oanda.com | Broker: OANDA Headquarters: Toronto, Canada Broker Type: Forex and CFDs Broker Trading Instruments: More than 120 instruments: Major Forex currency pairs, indices, gold, silver and commodities. Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller |
 Go to Libertex | (*) Warning: 83% of retail CFD accounts lose money. Demo Account: Yes, unlimited Minimum Deposit: 100 €/$ Trading Platforms: MetaTrader 4, WebTrader, iOS App, Android App. Execution: Market Maker Regulation: CySECWeb Page: https://www.libertex.com | Broker: Libertex Headquarters: Limassol, Cyprus Broker Type: Forex and CFDs Broker Trading Instruments: More than 50 currency pairs in the Forex market, main world stock exchange indexes (from the United States, Europe, Asia, the Middle East and Latin America), more than 100 shares of large companies worldwide and other instruments such as crypto currencies, oil, gas, gold, silver, copper, platinum, agricultural commodities,... Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller |
 Go to Axi | Demo Account: Yes Minimum Deposit: 0 €/$ Trading Platforms: MetaTrader 4. Execution: Market Maker Regulation: FCA, ASIC, FSA and DFSAWeb Page: https://www.axi.com | Broker: Axi Headquarters: Sydney, Australia Broker Type: Forex and CFDs Broker Trading Instruments: More than 140 instruments: Forex currency pairs, crypto currencies, CFDs on commodities, gold and silver, oil, indices,... Payment Methods for Deposits and Withdrawals: Credit and Debit Cards, Bank Transfer, Skrill (MoneyBookers), Neteller |
 Go to OctaFX | Demo Account: Yes, unlimited Minimum Deposit: 5 €/$ Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader. Execution: STP / ECN Regulation: FSAWeb Page: https://www.octafx.com | Broker: OctaFX Headquarters: Saint Vincent and the Grenadines Broker Type: Forex Broker Trading Instruments: 28 Forex currency pairs, crypto currencies, gold and silver, CFDs on stock indices and shares. Payment Methods for Deposits and Withdrawals: Perfect Money, Bitcoin |
Nowadays there is the possibility to invest in a wide range of commodities such as coffee, cocoa, sugar, palladium, soybeans, oats, copper, cotton, corn, wheat, platinum, rice, etc.
It is possible to trade commodities in a variety of ways: using financial derivatives, assets with a strong direct correlation, proprietary certificates, etc. However, one of the best ways to trade commod ities is through a CFD broker (contracts for difference). These financial products allow us to open buy or sell positions on the financial asset we are interested in, without the need to physically own the underlying instrument and being able to profit from the real fluctuations of market prices.
CFDs also allow us to sell the financial asset (without having bought it previously), with the intention of buying it back when its price has fallen (opening a short position or “going short”). In this way it is possible to profit from both market rises and falls.
Some of the main advantages of investing in commodities through CFDs are:
- Commodities are a highly liquid and volatile market where large price swings are frequent and can allow investors with shorter-term trading strategies to make a quick profit.
- Commodities are often correlated with some currencies, whose economies are closely linked to the export of agricultural products. This is why many traders resort to trading certain commodities on the basis of the performance of certain currencies; or even shares in companies related to certain sectors.
- They provide the possibility of diversification and by trading CFDs we can obtain short-term profits, taking advantage of any slightest movement in the market (whether the price of the chosen instrument rises or falls, as mentioned above).
- Some commodities, such as platinum (one of the most expensive metals in the world, widely used in jewellery, medicine and dentistry), are considered as“safe havens” in certain periods of economic instability. It is possible to achieve returns even when the financial markets are in the doldrums thanks to safe haven assets.
- When investing in commodities with an online CFD broker, we can do so with low capital requirements as we have a characteristic and fundamental tool of these products: leverage, which will allow us to deposit only a small amount as a guarantee while we are trading and we can obtain profits of a much higher amount.
Within the entire universe of commodities, the trader has the possibility of choosing those that best suit his strategy, depending on their volatility and characteristics. The trader has at his disposal from agricultural products to metals, including energies. Depending on market timing, economic conditions, the value of the US dollar, etc., some commodities are more likely than others to start an upward (or downward) trend.
Having tested and analysed numerous online brokers, in the table above you can see what we consider to be the best brokers for investing in commodities. Depending on the broker you can find those that within this classification of commodities also include precious metals such as gold or silver or energy products such as oil.
In order to help differentiate between them, in the table above we have compiled online brokers that offer the possibility of investing in commodities such as agricultural products or materials such as platinum, copper, palladium, etc… To see those brokers suitable for investing in gold you can visit our section”Brokers to invest in gold” and in the case of oil we have the section “Brokers to invest in oil”.
References and sources:
This post is also available in Spanish: brokers para materias primas, Italian, Italy: broker di materie prime, German: besten rohstoff broker
