Top 10 Best Brokers for Commodity Trading in 2022

logomark Filippo Ucchino calendar Last Updated: December 2021 timer 10 min read
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Every trader understands the importance of trading with the best broker. Commodity trading isn’t an exception.

To help you choose the best broker for commodity trading, go through our review of the Best Forex Brokers for a clue.

Table of contents

Best Brokers for Commodity Trading in 2022

Here’s a list of the best brokers for commodity trading in 2022:

eToro has developed a reputation as one of the leading names in the trading industry. Regulated by CySEC, ASIC, FCA, and SEC, it is one of the brokers that offer unlimited training time on its demo account.

With a minimum deposit of $200, you can trade your commodity on the platform, and take advantage of its spreads starting from 1 pips to trade any of the over 1,000 assets and 13 commodities with 31 total tradable assets supported by the broker.

All of the commodities are traded as CFDs. Silver, gold, oil, platinum, and natural gas are some of the eToro’s most popular commodities.

eToro is well known for social trading and users can trade any of the supported commodities on its proprietary trading platform.

 


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68% of retail investor accounts lose money

The Central Bank of Ireland (CBI), ASIC, FSA, FSCA, BVI, and FFAJ regulate this broker. You can enjoy 21 days of intensive training on its demo account and learn some hacks that will have a positive impact on your trading activities.

If you meet its $100 minimum deposit amount requirement, access its over 200 assets including 16 commodities, and enjoy its spreads that start from 0.9 pips. Its asset ranges from metal to energies and tons of other CFDs.

Fixed spread trading is the broker’s strength and users can trade these and others on its trading platforms that include MT4, MT5, AvaTradeGO, AvaOptions, and AvaSocial.


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79% of retail investor accounts lose money

Credible regulatory bodies such as CySEC, FCA, ASIC, FMA, MAS, FSCA, and SFSA regulate the broker’s operations to ensure it complies with international standards.

The demo account offers an unlimited training time, allowing you to hone your trading skills for as long as you desire before trading with your money on its Live account.

However, when you pay its minimum deposit of $100, you’ll gain access to over 2,000 assets including 22 commodities you can choose from and trade.

You can take advantage of its spreads starting from 0.6 pips on its proprietary trading platform to up your game and increase your profit-making chances.


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72% of retail investor accounts lose money

IG Markets is heavily regulated by the top regulatory agencies such as FCA, ASIC, FMA, FSCA, NFA, MAS, DFSA, FJSA, FINMA, and BMA. Meeting the requirements set by these regulators is proof of the broker’s credibility.

Enjoy the unlimited opportunity offered by its demo accounts and hone your trading skills for as long as you desire. The acquired knowledge will come in handy when you switch to real trading on its Live account and trade with your money.

Depending on your jurisdiction, you must meet its minimum deposit amount of $250 to qualify for access to its 17,000 assets and 47 commodities. The broker’s spreads start from 0.3 pips on commodities and 0.6 on Forex.

Assets are tradable as futures and CFDs without expiry points on the broker that has mini contracts on several assets for low-risk traders.

MT4, L2 Dealer, and ProRealTime are its trading platforms. IG Markets is one of the longest-running brokers with 19 offices across the globe.


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76% of retail CFD accounts lose money

FXTM is another commodity trading broker that offers unlimited trading time on its demo account. Fully regulated by CySEC, FCA, FSCA, and FSC, the broker ticks all the boxes and positions itself as one of the best brokers in the industry.

The minimum deposit amount required is $10 to enjoy the broker’s spreads that start from 1 pips. The affordable entry fee will open the door to several trading opportunities.

On the broker, you can access more than 250 assets and 5 commodities, gold, silver, and three other energies, giving you several trading opportunities on its MT4, MT5, and FXMT Trader trading platforms.


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81% of retail investor accounts lose money

FP Markets is duly regulated by CySEC, ASIC, and SV. You can take as much time as you want to learn trading skills through the unlimited time offer on its demo account before switching to its Live account to put your knowledge to use.

The spreads start from 0 pips and the minimum deposit amount of $100 opens the door to over 10,000 assets and 5 commodities, giving you an opportunity to invest in any commodity or asset you feel comfortable trading.

You can trade three different metals and two energies. It’s important to note that you can’t trade agricultural assets on its MT4, MT5, IRESS Trading trading platforms.


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74-89% of retail CFD accounts lose money

Pepperstone has been a major player in the trading industry for years and has positioned itself as a name to reckon with.

FCA, CySEC, DFSA, CMA, ASIC, and SCB regulate the leading broker’s operation. You can use its demo account for 30 days, although you can extend the duration on request if you see the need for more knowledge before moving to its Live account for real trading.

Spread starts from 0 pips and you need a minimum deposit of $0 to access its over 180 assets and 23 commodities.

Pepperstone is a great choice for scalpers with low spread and lightning-fast execution on its MT4, MT5, and cTrader trading platforms.


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74-89% of retail investor accounts lose money when trading CFDs

Some regulatory bodies such as FCA, ASIC, FMA, MAS, and IIROC are responsible for regulating the broker.

Its demo account doesn’t come with a time restriction so you can take full advantage of that opportunity to become a better trader.

The broker’s spreads start from 0.3 pips. You’re not required to pay a specific amount before gaining access to the broker’s over 1,000 assets including 110 commodities that include Brent and WTI Crude Oil, Silver, and Gold.

If your jurisdiction allows you to engage in spread betting under FCA rules, you can visit any of its trading platforms such as MT4, CFD Next Generation Platform, and Stockbroking platform to participate in it.


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80% of retail CFD accounts lose money

City Index’s regulators include FCA, ASIC, and MAS. Its demo account allows you to learn trading skills for 12 weeks with the option of applying for a new one if you desire.

The minimum deposit is $0, opening the door for all classes of prospective traders to put their trading skills to use, although your location determines whether you will pay more or not.

The spreads start from 0.5 pips while over 12,000 assets and over 25 commodities traded as CFDs await you on its MT4 and Proprietary Webtrader platform. Visit any of these trading platforms and trade any of the instruments you are most comfortable with.

If you’re a UK resident, you can access its spread betting as well.


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67% of retail CFD accounts lose money

Among Interactive Brokers’ regulators are CBI, FCA, ASIC, SEC, MAS, and IIROC. With its unlimited demo account where you can learn important trading hacks, you have a platform to become a better trader without being restricted by time limitations.

The minimum deposit amount is $0 and spreads start from 0.1 pips with more than 135 markets across 33 countries, giving you diverse trading opportunities.

Interactive Brokers supports energies, hard metals, and agricultural products, among other trading opportunities on its platforms. The choice is yours. Trade any of these commodities on its trading platforms such as Client Portal, Trader WorkStation (TWS), IBRK Mobile, and API IBKR.


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74-89% of retail CFD accounts lose money

Round-up of the bst broker for commodity trading

Below is a tabular representation of these brokers’ comparison so you can have a clear idea of their offers at a glance:

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Brokers Min. Deposit Total commodities Asset type
eToro $200 31 CFD
AvaTrade $100 16 CFD
Plus500 $100 22 CFD
IG Markets $250 47 CFD, Futures
FXTM $10 5 CFD
FP Markets $100 5 CFD
Pepperstone $0 23 CFD
CMC Markets $0 100 CFD
City Index $0 25+ CFD
Interactive Brokers $0 135+ CFD

Commodity Trading

These brokers offer a wide range of commodities for traders to choose from. Some of the tradable commodities you should check out are:

  • Hard metals: In this category are gold, silver, copper, platinum, palladium, and a host of other mined metals. They have proven to be a gold mine for interested investors for decades.
  • Energies: Tradable energies include crude oil, heating oil, and natural gas. With the increasing global needs for energies, you may consider investing in any of these commodities.
  • Agricultural products: The common agricultural products available for trading are wheat, corn, sugar, coffee, soybeans, and generally what grows. They are also known as soft commodities.

These are the top 10 brokers for commodity trading. If you have been having a hard time choosing a good broker for commodity trading, these are the best options you can choose from. They are fully regulated, credible, and offer an array of commodities, ranging from agriculture to energies, and so on.


About the Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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