List of Brokers for Commodities Trading
| Broker | Features |
|---|---|
  FeaturedGo to XTB | Excellent 24-hour customer service. More than 3000 instruments to trade. Regulated broker.(*) Warning: Your capital is at risk. 80% of retail CFD accounts lose money. With XTB you can invest in more than 20 commodities with low spreads (gold, silver, oil, natural gas, coffee and more).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 |
 FeaturedGo to Pepperstone | Very low spreads on over 1,200 instruments. 24/7 support, fast execution and no requotes.(*) Warning: Between 74-89 % of retail investor accounts lose money when trading CFDs. Pepperstone allows you to trade agricultural commodities (cocoa, cotton, sugar,...), metals (gold, silver, platinum, palladium,...) and energies such as WTI and Brent oil.Demo Account: Yes Minimum Deposit: 200 €/$ Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader, TradingView. Execution: STP / NDD Regulation: FCA, ASIC, CySEC, BaFin, DFSA, CMA and SCBWeb Page: https://www.pepperstone.com |
 FeaturedGo to eToro | Buy stocks without commission. Automatically copy the best investors with the eToro CopyTrader tool.(*) Warning: 78% of retail CFD accounts lose money.
With eToro you can trade 32 commodities either manually or by automatically copying the best strategies of other traders.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 |
 Go to XM Group | Bonus of $30 without deposit and bonuses of up to $5,000 per deposit. Trade Forex with ultra-low spreads.(*) Clients registered with XM Group's EU-regulated entity do not have access to the bonds. With the XM broker you can trade 8 major commodities (coffee, corn, cotton, sugar, gold, silver, oil and gas).Demo Account: Yes, unlimited Minimum Deposit: 5 $ Trading Platforms: MetaTrader 4, MetaTrader 5. Execution: Market Maker Regulation: CySEC, FSC and ASICWeb Page: https://www.xm.com |
 Go to IC Markets | True ECN account with ultra-low spreads and ultra-fast execution designed for scalping and automated trading systems. With IC Markets you can invest in more than 22 different commodities (energy, agriculture and metals) in spot or futures.Demo Account: Yes Minimum Deposit: 200 $ Trading Platforms: MetaTrader 4, MetaTrader 5, cTrader. Execution: ECN Regulation: ASIC, CySEC and FSAWeb Page: https://www.icmarkets.com |
 Go to AvaTrade | One of the most regulated brokers worldwide (in 9 different jurisdictions). With AvaTrade you can buy or sell more than 25 commodities (gold, silver, oil, gas, agricultural products, metals,...).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 |
CFD Service  Go to Plus500 | Broker with more than 23 million registered customers since its inception and a Trust Pilot Score of 4.2 out of 5.(*) Warning: 86% of retail CFD accounts lose money. Plus500 allows you to trade over 22 different commodities through its CFD platform.Demo Account: Yes, unlimited Minimum Deposit: 100 €/$ Trading Platforms: WebTrader, iOS App, Android App. Execution: Market Maker Regulation: FCA, CySEC, ASIC, FSCA, DFSA and FSAWeb Page: https://www.plus500.com |
 Go to IQ Option | $1 minimum investment. Powerful and intuitive trading platform. Fast withdrawals.(*) Warning: Your capital might be at risk. With IQ Option you can trade 4 commodities: gold, silver and Brent or WTI oil.Demo Account: Yes, unlimited Minimum Deposit: 50 €/$ Trading Platforms: Proprietary Platform, iOS App, Android App. Execution: Market Maker Regulation: CySECWeb Page: https://www.iqoption.com |
 Go to Exness | Low spreads as low as 0.0 pips. No swaps on most instruments. Instant withdrawals. Exness allows you to trade in various commodities such as oil, gold, silver, palladium, platinum,...Demo Account: Yes Minimum Deposit: 10 $ Trading Platforms: MetaTrader 4, MetaTrader 5. Execution: Market Maker / ECN Regulation: FCA, CySEC, FSCA, FSC, CBCS, FSA and SDLWeb Page: https://www.exness.com |
 Go to Eightcap | With Eightcap you can trade commodities (Brent and WTI crude oil, gold and silver).Demo Account: Yes Minimum Deposit: 100 $ Trading Platforms: MetaTrader 4, MetaTrader 5, TradingView. Execution: STP / ECN Regulation: ASIC and SCBWeb Page: https://www.eightcap.com |
 Go to Axi | The Axi broker allows you to trade in the most popular commodities such as gold, silver and copper or coffee, oil, natural gas,...Demo Account: Yes Minimum Deposit: 0 €/$ Trading Platforms: MetaTrader 4. Execution: STP / ECN Regulation: FCA, ASIC, FSA and DFSAWeb Page: https://www.axi.com |
 Go to RoboForex | $30 welcome bonus with a minimum deposit of $10 and bonuses up to $50,000 per deposit. RoboForex allows its clients to trade commodities such as crude oil, natural gas and ethanol, precious metals and soft commodities (corn, wheat, soybeans,...).Demo Account: Yes, unlimited Minimum Deposit: 0 €/$ Trading Platforms: WebTrader, MetaTrader 4, MetaTrader 5, cTrader, iOS App, Android App. Execution: STP / ECN Regulation: IFSCWeb Page: https://www.roboforex.com |
 Go to FP Markets | With FP Markets you can trade commodities (gold, silver, oil and natural gas).Demo Account: Yes Minimum Deposit: 100 €/$ Trading Platforms: MetaTrader 4, MetaTrader 5, IRESS. Execution: ECN Regulation: ASIC, CySEC and FSPWeb Page: https://www.fpmarkets.com |
 Go to OANDA | Deposit bonus up to $5,000. Oanda allows online trading in the main commodities (oil, gas, copper, gold, silver, soybeans, wheat, corn, sugar,...).Demo Account: Yes, unlimited Minimum Deposit: 0 $ Trading Platforms: MetaTrader 4, MetaTrader 5. Execution: Market Maker Regulation: FCA, ASIC, NFA, IIROC, MFSA, BVI FSCWeb Page: https://www.oanda.com |
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 commodities 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 brokers, in the comparative 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:
- Commodity Definition
- Commodity Market
- Commodities Trading: An Overview
- How to Start Trading Commodities Online
