Best Commodity Brokers
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In terms of financial markets, commodities are physical goods that are bought, sold and traded in markets. Since there are so many commodities, they are grouped into three major categories: agriculture, energy, and metals. Commodity trading is where various commodities and their derivatives products are bought and sold.
When trading commodity CFDs, you can speculate on the price the price of a commodity falling or rising without needing to take physical ownership of the underlying asset. This makes trading commodities accessible to anyone with an internet connection. You just need an account with a commodity broker.
A commodity broker acts as a go-between for individual traders and exchanges, to facilitate trades of commodities, such as oil, gas and precious metals. The commodity broker executes orders to buy or sell commodity contracts on behalf of the clients and charges them a commission. Traders can benefit from commodity brokers, since they improve the trading process through technology, experience, and monitoring regulations.
However, it can seem like an uphill task to find a suitable broker with so many brokers offering commodities trading. That is why we have compiled this commodity trading broker guide, to help you discover some of the best brokers for trading commodities online. Having the best commodity brokers according to our findings listed in one place, can help you save time when looking for the best commodities broker for your own individual needs.
Top 10 Commodity Brokers
ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA
70% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
Trading in financial instruments is a risky activity and can bring not only profits, but also losses.
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
AvaTrade
At AvaTrade you can trade a wide range of commodity markets from metals to energies and more through CFDs. You can speculate on whether you think the price of the asset will move up or down. They provide hard and soft commodities and are one of the leading regulated brokers. You can enjoy all the benefits that go along with them including very competitive trading conditions, award winning platforms, powerful tools and excellent customer support.
Pros- Trade long and short on hard or soft commodities via the advanced MetaTrader platforms
- Trade on the go anytime, anywhere with the innovate AvaTradeGO trading app
- Manual and auto trading solutions available, including expert advisors
- Access leading copy trading platforms including ZuluTrade and DupliTrade
- Start with a small amount and trade with flexible leverage to choose from
- Get competitive spreads with zero commission fees
- 24/5 live client support in your language
- Free demo trading accounts
Cons- High inactivity fees
- CFD trading only
- Instruments vary between platforms
- Cannot accept traders in the USA
IG
With IG, you can trade commodities anywhere, anytime on their award-winning platforms. They have a good range of energy markets including popular oils such as Brent Crude and US Crude. You can speculate on the price of precious and base metals including gold and silver. There are over 20 types of soft commodities that you can take a position on. IG have a great selection of free resources including powerful tools for analysing commodity markets and expert analysis to help inspire trade ideas.
Pros- Choose from 35 commodities or a range of commodity stocks and ETFs
- Take a position on commodity spot prices with exclusive undated market offering
- Keep your costs down with spreads from just 2.8 points on Brent Crude and 0.3 on gold
- Go long or short on market prices with commodity CFDs
- Keep informed and see live market updates with an in-platform newsfeed
- Attach a guaranteed stop to cap your risk and protect your capital
- Accept USA traders
- Free demo trading accounts
Cons- Could offer some more deposit and withdrawal methods
- Minimum deposit of $250 is not the lowest
- Limited instruments on MetaTrader 4
- No MetaTrader 5 platforms
- Inactivity fee after 2 years
Pepperstone
Pepperstone are one of the most established brokers you will find. They have been in the industry since back in 2010 and are regulated in multiple jurisdictions. The broker has a good range of commodity trading products including Gold, Silver, Crude, Natural gas and more. You can trade commodities with razor sharp pricing, low spreads and fast execution speeds, without worrying about physical delivery, ownership and rollovers.
Pros- Razor sharp pricing from multiple Tier 1 banks with consistently competitive spreads as low as 0.05 points on Gold with no commissions
- Top tier liquidity. Get all of your Commodities trades filled in full, with no partial execution or requotes on market orders
- High fill rate, fast execution and no dealing desk intervention
- Award-winning customer support, available 24 hours 5 days per week, and even on weekends
- Seize all opportunities, all commodities are spot markets with leverage, no expiry and no rollovers
- Quick and easy account opening takes just a few minutes
- Free demo trading accounts are available
Cons- Primarily CFD trading instruments offered
- Do not have a proprietary trading platform
- Cannot accept traders in the USA
- Minimum deposit of $200 is not the lowest
- Limited non-FX instruments compared to some brokers
IC Markets
IC Markets are a leading provider of online trading products and services. They have excellent trading conditions all round with powerful platforms for all of your devices and high-quality trading tools to improve your trading strategies. You can trade the most popular commodities from around the world, including energies, agriculture and metals, within the industry standard MetaTrader 4, 5 and cTrader trading platforms. IC Markets combines tight pricing and flexible conditions to give you one powerful product. This is backed up by excellent 24/7 support.
Pros- Good selection of over 22 commodities to trade
- Energy, agriculture and metals
- You can trade spot and futures CFDs
- Flexible leverage is available
- Spreads start from as low as 0.0 pips
- Deep liquidity pools deliver rapid trade execution speeds
- Free demo trading accounts
- Excellent 24/7 customer support
Cons- Do not have a proprietary trading platform
- Available trading products can vary depending on your location
- Minimum $200 deposit is not the lowest
- Cannot accept traders in the USA
XM Group
XM Group is an industry leading broker that has excellent trading conditions including raw spreads from just 0.0 pips and rapid trade execution speeds. XM provides a fair and trustworthy trading experience by pioneering a strict no re-quotes and no rejections policy. The majority of all trading orders are executed in less than one second, with no re-quotes and no rejections. You can trade long or short on a generous selection of popular commodities via intuitive platforms for all of your devices with all of the tools you need at your disposal.
Pros- Trade commodities without actually owning the financial instrument on which the contract is based
- Speculate on future uptrend/downtrend market price movements
- Ideal also for beginner traders due to low deposit requirements
- Ability to go long and short to try and benefit from rising and falling prices
- No stock exchange fees or hidden costs
- Choose from a selection of advanced trading platforms for web, desktop and mobile
- Free demo trading accounts
Cons- Cannot accept traders in the USA
- Inactivity fees apply
- Only provide the MetaTrader platforms
- Standard accounts are more expensive
- Primarily CFD trading instruments offered
BlackBull Markets
Founded in 2014, BlackBull Markets are an award-winning online broker based in New Zealand who offer institutional grade trading conditions on user-friendly platforms, specialising in Forex and CFDs.
Pros- Trade across multiple devices on the popular MetaTrader 4 platforms
- 23,000+ tradeable instruments including forex, shares, crypto, indices, gold, silver and oil
- Various account types & funding options
- Commission free accounts
- Lightning-fast execution speeds
- Industry-leading low spreads from 0.0 pips
- FIX API trading
- Free demo accounts
- Swap-free Islamic accounts
- Managed accounts available
- Social trading signals
- Outstanding customer support 24 hours a day
Cons- Cannot accept traders in the USA
- Minimum deposit of $200 not the lowest
- Limited amount of stock indices
- No MetaTrader 5 platform
RoboMarkets
RoboMarkets is a multi-asset broker offering 8 asset types and more than 12,000 instruments for trading. Apart from this, clients get access to professional trading platforms and cutting-edge proprietary technologies. RoboMarkets multilingual customer support works 24/7 and is ready to serve you at any time.
Pros- Excellent choice of advanced trading platforms for all of your devices
- Large selection of over 12,000 financial instruments to trade
- Commission free stock trading
- Tight spreads from just 0.0 pips and rapid execution speeds
- Robust trading tools to help with your market analysis
- No restrictions on algorithmic trading
- Good variety of account types and funding options
- Free withdrawal of funds twice a month
- 0% commissions for all deposits
- Free demo accounts to practice trading online
- Very helpful 24/7 multilingual customer support on hand to assist
Cons- Cannot accept traders in the USA
- $100 minimum deposit is not the lowest
- Do not currently support crypto funding
- Could improve educational resources for beginners
Libertex
Libertex is a regulated commodity broker proving you with convenient market access to trade a good selection of financial instruments on user-friendly trading platforms for all of your devices. They have good trading conditions with plenty of handy tools for conducting market analysis to find trading signals and make informed decisions.
Pros- User-friendly MetaTrader platforms give easy market access
- Proprietary trading platform for all of your devices
- Good range of trading instruments to choose from
- Very competitive trading conditions
- Quick and easy account funding options
- Trading Central for automated market analysis
- Market sentiment indicators and other useful tools
- Free demo accounts to try them out
- Islamic accounts for Muslim traders
- Excellent customer support
Cons- Cannot accept traders in the USA
- Limited account types to choose from
- Limited educational materials for beginners
- Do not have the MetaTrader 5 platform
- No FIX API trading
- No managed accounts
Global Prime
Global Prime provide custom liquidity solutions for retail and institutional traders who are looking for transparent, flexible and cost-effective trading solutions. They use an ECN/NDD model with MT4 and FIX API trading platforms available.
Pros- Powerful trading platforms for traders of all expertise
- Tight spreads and low trading fees
- FIX API trading solutions
- Copy trading signals via third-party integration
- Professional trading tools
- Plenty of educational materials for beginners
- ECN / NDD for quick execution speeds
- Free VPS for eligible clients
- Decent variety of convenient account funding options
- Demo trading accounts
- Good customer support
Cons- Cannot accept traders in the USA
- Limited non-FX instruments
- No Islamic account options
- Minimum deposit is not the lowest
- Not a great variety of account types
Rockfort Markets
Rockfort Markets is a New Zealand based online trading broker that offers a good range of trading instruments across multiple asset classes on the powerful MT4 and TWS platforms for all of your web, desktop and mobile devices.
Pros- MT4 trading platform to trade CFDs on Forex, Indices, Commodities and Cryptos
- Tight spreads, fast execution and deep liquidity
- STP/ECN brokerage model
- Multiple trading account types for all strategies
- Fast deposits and withdrawals
- A range of useful trading tools
- Insightful weekly chart analysis
- Free trading signals from Trading Central
- Free demo trading accounts to practice trading
- Islamic swap-free accounts for Muslim traders
- Active customer service
- Dedicated account manager
Cons- Cannot accept traders in the USA
- Minimum $200 deposit not the lowest
- No direct crypto funding methods
- No managed accounts
- Inactivity fees
Conclusion
Here you will find our best commodity brokers, based on thousands of hours of extensive research, testing and analysis across hundreds of brokers. Upon conclusion of each of our broker reviews, we have assigned each broker with a rating.
Some of the most important factors that contribute towards a good broker for trading commodities online have been considered including things such as the available commodities, other financial instruments, platforms, apps, tools, spreads, execution, liquidity, fees, education, funding options, regulation, customer service and more.
Each of our best brokers for commodity trading have undergone and passed our stringent broker reviews with flying colours, based on what we consider to be amongst the most important considerations when choosing a commodity broker for trading online. These brokers are well-established within the online trading industry, providing top commodity trading conditions to traders and investors of all experience levels.
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