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27 Best Commodities Forex Brokers

Best Commodities Brokers

 

 

There are several ways to consider investing in commodities. One is to purchase varying amounts of physical raw commodities, such as precious metal bullion.

 

 

Investors can also invest through the use of futures contracts or exchange-traded products (ETPs) that directly track a specific commodity index.

These are highly volatile and complex investments that are generally recommended for sophisticated investors only.

Another way to gain exposure to commodities is through mutual funds that invest in commodity-related businesses. For instance, an oil and gas fund would own stocks issued by companies involved in energy exploration, refining, storage, and distribution.

Finding the right commodities broker can be difficult when there are so many to choose from, which is why we have compiled this comprehensive list of the 27 best commodities brokers in the industry today.

 

Here are the 10 Best Commodities Forex Brokers:

 

Below you will find 27 Best Commodities Forex Brokers

Watch Top 5 Best Commodities Forex Brokers

 

 

Let’s get started…

 

FP Markets

 

Overall Rating

4.7/5

Rated #23 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, CySEC

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

60

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

FP Markets allows you to trade CFDs on a wide variety of global commodities, including gold, silver and oil with an Australian-regulated broker provider.

The broker gives you access to different asset classes on the same platform or a range of platforms as well as sophisticated risk management tools and trading tools.

 

 

 

Pros and Cons

✔️ PROS ❌CONS
   Competitive trading fees    High stock CFD Fees
  Easy account opening

Fast processing for deposits and withdrawals

   Limited range of asset classes

 

 

Features

Feature Information
Regulation Australian ASIC, Cypriot CySEC, SCB
Minimum deposit from $100
Average spread from 0.5 pips
Commissions from  $55 monthly commission for IRESS Trader users only
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses $30 Welcome Bonus
Customer Support 24/5

 

AvaTrade

 

Overall Rating

4.8/5

Rated #1 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

ASIC, FSA, CBI, BVI,FSCA,FRSA,CYCES, ISA, JFSA

📱 Trading Desk

MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central

Crypto

Yes

📈 Total Pairs

55+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Traders of AvaTrade enjoy the highest of leverage along with very competitive and low spreads for trading on Indices, Bonds, Stocks, ETFs & Commodities.

AvaTrade is among the best online brokerages in the industry in terms of reputation and reliability, and you can trade with confidence.

The company has won numerous awards for “Best Customer Support”, “Best Alert System”, “Best Financial Derivative Trading Provider”, and “Best Forex Broker YEAR”.

 

Pros and Cons

✔️ PROS ❌CONS
 A broad range of tradable instruments    High EURUSD and inactivity fees
 MetaTrader 4 and 5 are available
 Excellent educational resources

 

Features

Feature Information
Regulation Central Bank of Ireland, MiFID, ASIC, BVI
Minimum deposit from $100
Average spread from 0.9 pips
Commissions from No commission on Forex
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses First Deposit Bonus
Customer Support 24/5 – multilingual

 

FXTM

 

Overall Rating

4.6/5

Rated #32 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

CySec, FSCA 

📱 Trading Desk

MetaTrader4, Metatrader 5

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

With FXTM, you can trade CFDs on UK Brent oil with leverage of 1:52, US crude oil with leverage of 1:49, and US natural gas with leverage of 1:19.

Traders can enjoy competitive spreads ranging from 4 to 11 pips on our standard, ECN, and ECN Zero for MT4 accounts.

For US natural gas and US crude oil, the market opens at 01:00 and closes at 23:45. For UK Brent oil, the market opens at 03:00 and closes at 23:45.

 

Pros and Cons

✔️ PROS ❌CONS
Superb customer service Inactivity and withdrawal fees
High maximum leverage Limited product portfolio
Great educational tools

 

Features

Feature Information
Regulation CySEC, FCA, FSCA
Minimum deposit from $100
Average spread from 0.9 pips
Commissions from No commission
Deposit/Withdrawal Fees $3
Maximum Leverage 1:500 on average
Bonuses $300 Trading Bonus
Customer Support 24/5

 

XM

 

Overall Rating

4.5/5

Rated #68 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

IFSC, CySec, ASIC

📱 Trading Desk

MT4

Crypto

Yes

📈 Total Pairs

55

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

XM

 

Overview

Commodity trading with XM comes with no commissions and no hidden costs. Trade commodities on MT4 with access to 8 platforms from 1 trading account.

XM offers a range of over 55 currency pairs and CFDs on precious metals, energies, and equity indices with the most competitive spreads and with no rejection of orders and re-quotes execution.

 

Pros and Cons

✔️ Pros

Low minimum deposit

Comprehensive educational offering

Streamlined account opening process

 

❌Cons

Inactivity fee charged after 90 days on live accounts

Limited product portfolio

 

 

Features

Feature Information
Regulation IFSC, ASIC, CySEC, FCA and DFSA
Minimum deposit from $5
Average spread from 0.1 pips
Commissions from $3.5 commission per $100 000 traded
Deposit/Withdrawal Fees None
Maximum Leverage 1:30
Bonuses $30 Trading Bonus
Customer Support 24/5

 

Alpari

 

Overall Rating

4.7/5

Rated #70 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSC 

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

48

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Alpari delivers CFD and forex trading across a range of markets. Alpari International’s leverage of 1:1000 gives traders a strong competitive edge.

The company may switch the leverage to a maximum of up to 1:100 for all forex currency pairs and spot metals within the hour before the trading session ends every Friday.

If you are a professional trader looking to trade individual stocks, you will need to open the ECN Pro account. There is no commission charged on this account, compared to the ECN account which charges $3 per lot round trip.

 

Pros and Cons

✔️ Pros

 

Advanced copy trading software available

Wide selection of tradable assets

Low minimum deposit

Excellent multilingual customer support

 

❌Cons

 

High trading fees

Limited educational resources and research tools

 

Features

Feature Information
Regulation Financial Services Commission (FSC)
Minimum deposit from $100
Average spread from 1.2 pips on majors
Commissions from charged at 4 units of the Base currency
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000
Bonuses Cashback Promotion
Customer Support 24/5

 

Go Markets

 

Overall Rating

4.9/5

Rated #34 of
Recommended FX Brokers

💰Minimum Deposit

$200

🌐 Regulators

ASIC, CySec, FSC, FSA and SCA

📱 Trading Desk

Hybrid

Crypto

Yes

📈 Total Pairs

600

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

With Go Markets, commodities are traded on margin, so you can choose the leverage that suits you up to a maximum of 500:1

The broker has tight spreads on its full range of commodities and provides low latency and efficient price feeds to ensure fast trade execution

Commodities attract a much lower cost compared to other instruments, keeping your commodity trading costs down

 

Pros and Cons

✔️ Pros

 

Low trading fees

Ultra-fast execution

Advanced analytical tools

Low minimum deposit

❌Cons

 

Limited account options

 

Features

Feature Information
Regulation ASIC
Minimum deposit from $1
Average spread from 1.5 pips
Commissions from None
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses 30% Deposit Bonus
Customer support 24/5

 

IG

 

Overall Rating

4.8/5

Rated #38 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF.

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

IG’s new commodity product enables you to take a cost-effective short-term view on 26 key commodity markets.

The new offering works in the same way as an index CFD or daily funded bet. And just like an index position, you’ll pay a funding charge for holding your commodity position overnight.

 

Pros and Cons

✔️ PROS ❌CONS
No deposit or withdrawal fees

Low index CFD trading fees

Inactivity fee charges

High stock CFD fees

 

Features

Feature Information
Regulation FCA, FSCA
Minimum deposit from No minimum deposit
Average spread from Variable
Commissions from £3.00 – £8.00 per trade for all types of assets
Deposit/Withdrawal Fees None
Maximum Leverage 1:200
Bonuses None offered
Customer Support 24/6

 

Plus500

 

Overall Rating

4.9/5

Rated #55 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA

Crypto

Yes (Availability subject to regulations)

📱 Trading Platform

WebTrader

📈 Total Pairs

70

📊 Trading Fees

Low

🕒 Account Activation Time

Varies

🏛️ Visit Broker

77% 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.

 

Overview

On the Plus500 trading platform, you can easily define Stops and Limits to request positions’ closure at a specific rate. To completely avoid slippage, you can also set a Guaranteed Stop.

• CFD commodities – up to 1:20

• CFD Cryptocurrencies – up to 1:2

• CFD Shares/Stocks for non-EU traders – up to 1:5

• CFD Forex for non-EU traders – up to 1:30

• CFD Indices for non-EU traders – up to 1:20

• CFD Cryptocurrencies for non-EU traders – up to 1:2

 

Pros and Cons

✔️ PROS ❌CONS
Wide range of market instruments

Competitive pricing

Well regulated

Relatively limited research tools

 

 

Features

Feature Information
Regulation FCA, ASIC
Minimum deposit from $100
Customer Support 24/5
Commissions from ‎$3
Deposit/Withdrawal Fees None
Maximum Leverage 1:30
Bonuses Deposit Bonus

 

Saxo Bank

 

Best UK Forex Brokers Saxo Bank

Overall Rating

4.7/5

Rated #60 of 
Recommended FX Brokers

💰Minimum Deposit

USD 10 000

🌐 Regulators

MiFID

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

170

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

At Saxo Bank, you get tight spreads and low commissions across the entire commodity range.

You can trade commodities within a wide range of asset classes and benefit from integrated Trade Signals, news feeds, and innovative risk-management features. With 800,000+ satisfied customers, Saxo Bank offers world-class service around the clock.

 

Pros and Cons

✔️ PROS ❌CONS
Low trading fees

Transparent fee structure

 

Relatively slow account opening

Very high minimum deposit

 

Features

Feature Information
Regulation FCA, ASIC, FINMA
Minimum deposit from $10 000
Average spread from 0.3 pips
Commissions from ‎$3
Deposit/Withdrawal Fees None
Maximum Leverage 1:200
Bonuses None
Customer Support 24/5

 

Easy Markets

 

Overall Rating

4.9/5

Rated #18 of
Recommended FX Brokers

💰Minimum Deposit

$100

🌐 Regulators

CySEC, ASIC, BVI, FSA

📱 Trading Desk

MetaTrader 4, TradingView

Crypto

Yes

📈 Total Pairs

275+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

With Easy Markets, you have access to agricultural wheat, soybeans, sugar, coffee, cocoa, corn, and cotton and industrial products such as oil, natural gas, heating oil, gas oil, and crude.

Traders can use the broker’s most innovative tool – dealCancellation. This allows you to cancel a deal if your trade is losing for a small fee. You can trade during market volatility, while other traders wait for markets to stabilize or other brokers suspend trading altogether.

 

Pros and Cons

✔️ Pros

 

Highly simulated demo environment

Responsive and professional customer support

 

❌Cons

 

The Proprietary Deal Cancellation feature is not available on the MetaTrader 4 platform

 

Features

Feature Information
Regulation CySEC
Minimum deposit from $100
Average spread from 0.9 pips
Commissions from None
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses $25 Sign Up Bonus
Customer Support 24/5

 

eToro

 

Overall Rating

4.8/5

Rated #20 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

CySec, FCA 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

47

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.

 

Overview

There are hundreds of different financial assets to trade on eToro, across several categories: commodities, crypto assets, currencies, indices, and ETFs.

Each asset class has its own characteristics and can be traded using a variety of investment strategies. Some positions on eToro involve ownership of underlying assets, such as long (BUY), non-leveraged positions on stocks and cryptos.

Other employ CFDs, which enable a variety of options, such as leveraged trades, short (SELL) positions, fractional ownership, and more.

 

Pros and Cons

✔️ PROS ❌CONS
Well-regulated Limited account base currencies
Advanced trading platforms Withdrawals can be slow
Low minimum deposit

 

Features

Feature Information
Regulation CySEC, FCA, ASIC
Minimum deposit from $50
Average spread from 0.75 pips
Commissions from No commission on stocks and ETFs
Deposit/Withdrawal Fees $5
Maximum Leverage 1:30
Bonuses $50 Welcome Offer And $50 Per Referral
Customer Support 24/5 – multilingual

 

CMC Markets

 

Overall Rating

4.7/5

Rated #227 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, ASIC

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

300

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

CMC Markets offers CFDs on a wide range of cash and forward commodities instruments, including Brent and WTI Crude Oil, Gold, and Silver. The broker’s spreads on Gold and Natural Gas start from 0.3 points and from 3 points on crude oils.

The broker’s CFD trading platform combines innovative trading tools with an intuitive interface.

The native mobile apps for iPad, iPhone, and Android give you access to your account wherever you are, enabling you to speculate on fast-moving CFD trading commodities markets even when you’re on the move.

 

Pros and Cons

✔️ PROS ❌CONS
Low forex fees Limited product portfolio
Advanced trading platforms.
Great research and educational tools

Features

Feature Information
Regulation FCA
Minimum deposit from None
Average spread from 0.7 pips
Commissions from $10
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses $250 Referral Bonus
Customer Support 24/5

 

Oanda

 

Overall Rating

4.9/5

Rated #194 of
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, CFTC, ASIC, FSC, BVI and IIROC

📱 Trading Desk

MetaTrader 4 (MT4)

MetaTrader 5 (MT5)

Crypto

Yes

📈 Total Pairs

45 

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

At OANDA you can trade the world’s most popular commodities such as Brent crude oil, west texas oil, corn, natural gas, soybeans, sugar, and wheat.

You can trade CFDs on all OANDA platforms including the Desktop trading platform, Mobile trading apps for iOS and Android, and OANDA MT4 provided your regulatory body allows CFD trades.

CFDs have no fixed lot requirements. Flexible order sizes give traders greater control in sizing their trade positions and allocating their portfolios.

 

Pros and Cons

✔️ PROS ❌CONS
Relatively low trading fees Limited product portfolio
No minimum deposit is required
Easy account opening process

 

Features

Feature Information
Regulation FCA, RFED
Minimum deposit from None
Average spread from 1.6 pips
Commissions from $0.01 USD per trade
Deposit/Withdrawal Fees None
Maximum Leverage 1:100
Bonuses None
Customer Support 24/5

Pepperstone

 

Overall Rating

4.9/5

Rated #10 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

📱 Trading Desk

MetaTrader 4, MetaTrader 5 and cTrader, TradingView

Crypto

Yes

📈 Total Pairs

1000+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Trading precious metals with Pepperstone means receiving access to a range of six metal pairs traded against either the US dollar, the Australian dollar, or the Euro.

The broker offers four precious silver and gold crosses on its platforms. Gold and silver are traded against both the US dollar and euro in a similar way to other currency pairs on the platform.

The broker offers platinum and palladium on our MetaTrader4, MetaTrader 5, and cTrader platforms. Platinum and palladium are both traded against the US dollar, much like other currency pairs on the platform.

 

Pros and Cons

✔️ PROS ❌CONS
Low forex and equity index CFDs

No deposit fee

Negative balance protection

Only forex, CFDs, and cryptos are available

 

 

Features

Feature Information
Regulation FCA, ASIC
Minimum deposit from AUD200
Average spread from 0.4 pips
Commissions from ‎$3.76 commission per lot per trade
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5

 

FXCM

 

Overall Rating

4.3/5

Rated #406 of
Recommended FX Brokers

💰Minimum Deposit

USD 50

🌐 Regulators

FCA

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

With FXCM, you can bet on the price movement of metals, oil, and gas, similar to forex. All you need to know is the symbol for the product you want to trade and the contract size.

With all FXCM accounts, you pay only the spread to trade commodities. Plus, with the broker’s decimalized pricing, you see smaller price movements, giving you more accuracy on USOil, UKOil, and NGAS.

 

Pros and Cons

✔️ PROS ❌CONS
Excellent trading platforms Limited product portfolio in terms of asset classes
Low minimum deposit

High maximum leverage

 

Features

Feature Information
Regulation FCA, ASIC, ACPR, FSP
Minimum deposit from $50
Average spread from 1.3 pips
Commissions from £4 per standard round-turn lot (£2 per side)
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses $20 Welcome Bonus
Customer Support 24/5

 

XTB

 

Overall Rating

4.6/5

Rated #69 of
Recommended FX Brokers

💰Minimum Deposit

USD 250

🌐 Regulators

FCA, CySEC, IFSC, KNF

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

48

☪️ Islamic Account

Yes

📊 Trading Fees

Low