Are you looking for the best brokers for trading commodities? If Yes, then you’re in the right place because we have compiled a list of the best brokers for trading commodities.
We have successfully ranked these brokers using our testing methodology to pick the best commodity brokers for you.
Ranking Methodology – While testing and ranking the best brokers for trading commodities, some of the critical factors which influenced our judgments include; regulatory compliance & safety, product offering, execution model, execution speed, assets offered, trading cost (trading and non-trading fees), trading platforms provided, research offering, education offered, and customer support service.
Table of Contents
5 Best Brokers For Trading Commodities
- IC Markets
- Pepperstone
- IG
- CMC Markets
- FXPro
1. IC Markets
IC Markets is a leading global online broker and one of the world’s largest forex providers by trade volume, with over 29 Billion USD in FX trades processed daily. It offers CFDs on various global markets, including forex, stocks, commodities, indices, cryptocurrencies, bonds, and futures, with over 2037+ instruments to trade.
With IC Markets, you can enjoy a plethora of top-notch trading services, including transparent pricing, low trading & non-trading fees, consistent ultra-low spreads from 0.0 pips, fast trade executions, low slippage, deep liquidity, advanced trading platforms & tools, and an experienced customer support team available 24/7.
IC Market’s ease of use, and excellent trading conditions, make it a suitable broker for beginners and professional traders. It also supports various trading strategies such as hedging, scalping, and algorithmic trading. Likewise, Its unique trading conditions, such as ultra-low trading fees, fast execution, and deep liquidity, make it an excellent choice for active and high-volume traders.
IC Markets Overview
| Broker | IC Markets |
|---|---|
| Regulation | ASIC, FSA, and CySEC. |
| Forex Pairs | 61 Currency Pairs |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| Minimum Deposit | $200 or currency equivalent. |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | AUD, USD, EUR, CAD, GBP, SGD, NZD, JPY, HKD, CHF. |
| Payment Methods | Credit and debit cards, Paypal, Neteller, Neteller VIP, Skrill, UnionPay, Wire Transfer, Bpay, FasaPay, Broker to Broker, POLI, Rapidpay, Thai internet banking, Vietnamese internet banking |
| Trading Tools | Virtual Private Server (VPS), Trading Servers, MT4 Advanced Trading Tools |
Gallery
Pros
- Quick account setup.
- Strong regulatory framework.
- Over 180,000+ clients across 190 countries worldwide.
- Multiple industry standard trading platforms in web, mobile and desktop versions.
- Deep liquidity and no requotes.
- Negative balance protection.
- Clients’ funds are segregated.
- Over 61 currency pairs to trade, including major, minor and exotic currency pairs.
- Flexible leverage from 1:1 to 1:500.
- Ultra-fast trade execution.
- Supports all trading styles and strategies.
- Offers swap-free account.
- Low trading fees across all account types.
- Low spreads (starting from 0.6 pips).
- Ultra-low spreads from 0.0 pips on IC Markets’ Raw Spread accounts.
- Multiple secure payment methods, with fast deposit & withdrawal processing times.
- Demo account with unlimited duration.
- No inactivity fee is charged.
- Dedicated and friendly multi-lingual customer support service available 24 hours a day, seven days a week.
Cons
- Its product offering is limited to forex and CFDs.
- No proprietary trading platform.
2. Pepperstone
Pepperstone is a global award-winning online broker established in 2010 by Pepperstone Group. It offers spread betting and CFDs across various global markets, including forex, indices, commodities, shares, and cryptocurrencies, with over 1200+ instruments to trade.
With Pepperstone, you can enjoy cutting-edge brokerage solutions such as low trading fees, deep liquidity, spreads from 0.0 pips, industry trading platforms, social trading, copy trading, ultra-fast execution, an Active Trader program, research, education, and an awarding-winning customer support team.
Pepperstone’s outstanding and flexible trading solutions make it a good fit for all levels of traders, including novice, intermediate and professional traders. It also provides adequate support with multiple industry-standard terminals, tools, and excellent trading conditions, ideally suited for scalping, algorithmic trading, copy trading, and social trading.
Clients also have the option to choose from two account types, which are the Standard and Razor account. The critical difference between these account types is how fees are charged.
The Standard account has a one pip mark on the raw spread (from 0.0pips) with no commissions charged. The simplicity of this account type makes it a good fit for beginners and casual traders.
The Razor account, on the other hand, offers access to consistent raw spreads from 0.0 pips with a small commission charge applied. The lower cost setup traditionally seen in this account type makes it ideally suited for traders with particular trading styles, like algorithmic trading and scalping.
Pepperstone Overview
| Broker | Pepperstone |
|---|---|
| Regulation | ASIC, FCA, and DFSA. |
| Forex Pairs | 61 |
| Trading Platforms | MetaTrader4, Metatrader5 and cTrader and Duplitrade. |
| Minimum Deposit | $0 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | AUS, USD, SGD, HKD, JPY, NZD, EUR, CHF, GBP |
| Payment Methods | Bank Wire Transfer, Credit/ Debit Cards, Neteller, Skrill, PayPal, and Poli. |
| Trading Tools | Smart Trader Tools, cTrade Automate, Autochartist, API, Virtual Private Server (VPS), DupliTrade. |
Gallery
Pros
- Strong regulatory framework.
- Great for beginners.
- Easy account registration process.
- Deep liquidity and no requotes.
- Low latency and fast order execution.
- Supports all trading styles and strategies.
- Multiple account base currencies.
- Negative balance protection.
- Over 61 currency pairs, including major, minor and exotic pairs.
- Tailored account types with excellent trading conditions, competitive pricing, and advanced tools.
- Fast and secure payment methods.
- Multiple industry standard trading platforms in web, mobile and desktop versions.
- Support for expert advisors.
- The standard account has zero commissions and consistently low spreads (from 0.6 pips).
- Ultra-low spreads on major currency pairs from 0.0 pips on the Razor account.
- Its Active Trader Program rewards high-volume trading with cash rebates that are paid daily.
- No inactivity fee is charged.
Cons
- Demo account duration is limited to only 30 days.
- Only CFDs are offered.
3. IG
IG is a highly reputable global online broker and one of the largest CFD providers in the world in terms of revenue and trade volume. It was established in 1974 by IG Group plc, a publicly-traded company on the London Stock Exchange and a constituent of the FTSE 250 Index.
IG offers spread betting, stockbroking, and CFD trading across a wide variety of global markets, including forex, shares, indices, commodities, cryptocurrencies, options, bonds, interest rates, sectors, and ETFs with over 18,000+ instruments to trade.
Along with access to a wide array of global markets, you can also enjoy exceptional brokerage services such as deep liquidity, superior trade execution, volume-based rebates, sophisticated trading platforms, expert customer support service, and much more.
IG’s ease of use, advanced trading tools, range of markets, research, and rich education offering, make it an excellent broker for both beginner and professional traders. Also, active and high-volume traders are welcomed with exceptional trading conditions and volume-based rebates, which can help keep trading costs down.
IG Overview
| Broker | IG |
|---|---|
| Regulation | CFTC, FCA, ASIC, FCA, FINMA, FMA, MAS, FSA, FSCA, DFSA, and BMA. |
| Forex Pairs | 81 Currency Pairs |
| Trading Platforms | ProRealTime, L2 Dealer, MetaTrader 4 |
| Minimum Deposit | $300 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:222 1:30 (for ESMA clients) |
| Account Currencies | USD, GBP, AUD, EUR, SGD, HKD. |
| Payment Methods | Bank Wire Transfer, Credit/Debit Cards, Paypal |
| Trading Tools | APIs, Virtual Private Server (VPS) |
Gallery
Pros
- Strong regulatory framework.
- It is listed on the stock exchange.
- 45 years of industry experience.
- Accepts US clients.
- Established in 15 Countries worldwide.
- 313,000+ clients worldwide.
- Deep liquidity.
- Negative balance protection.
- Volume-based rebates.
- No minimum deposit for bank transfer
- Industry-standard trading platforms.
- Forex spreads from 0.6 pips on major currency pairs.
- Excellent educational offering for beginner, intermediate and advanced traders.
- Outstanding research offering.
- Excellent customer support service.
Cons
- Inactivity fee charged (after two years of inactivity).
- Offers only forex trading in the United States.
- No copy/ social trading platform.
- High financing rate.
- Limited product portfolio in some countries.
4. CMC Markets
CMC Markets is a global Forex and CFD provider established in 1989 by CMC Group, a publicly-traded company listed on the London Stock Exchange and a constituent of the FTSE 250 Index.
CMC Markets offers forex, CFDs, and spread betting across a wide variety of global markets, including forex, indices, commodities, shares, ETFs, cryptocurrencies, and treasuries, with access to over 11,000+ instruments.
With more than 30 years of industry experience, CMC continues to offer its rapidly growing client base various unique trading solutions, such as advanced trading platforms, competitive pricing, superior order execution, and excellent customer support service.
CMC Markets offers a unique brokerage solution for beginner and professional traders. You would benefit from CMCs’ emphasis on ease of use, education, and excellent customer support service as a beginner. Experienced traders can also take advantage of its competitive pricing, higher leverage option, advanced trading platforms, and cash rebates.
CMC Markets Overview
| Broker | CMC Markets |
|---|---|
| Regulation | ASIC, IIROC, BaFin, MAS, FCA, FMA, DFSA |
| Forex Pairs | 300+ |
| Trading Platforms | Next Generation platform, MetaTrader 4 |
| Minimum Deposit | $0 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | GBP, EUR, USD, AUS, CAD, NOK, NZD, PLN, SEK, SGD |
| Payment Methods | Wire Transfer, Credit / Debit Cards, Electronic Payments. |
| Trading Tools | FIX API, Virtual Private Server (VPS) |
Gallery
Pros
- Strong regulatory framework.
- Over 30+ years of industry experience
- Great for beginners.
- Trusted by over 300,000+ global clients.
- Its client’s funds are segregated.
- Deep liquidity.
- Over 330+ currency pairs.
- No minimum deposit.
- Industry-standard trading platforms in web mobile and desktop versions.
- Ultra-fast order execution with unmatched liquidity.
- Flexible and high leverage, from 1:1 to 1:500.
- Ultra-low spreads from 0.0 pips on major currency pairs.
- Secure payment methods with fast payment processing times.
- Excellent customer support service.
Cons
- Its product offering is limited to only CFDs.
- Withdrawal fee charged for international bank transfer.
5. FXPro
FXPro is a leading global online broker established in 2006 by FXPro Limited. It offers CFD across various global markets, including forex, shares, indices, futures, metals, and energies, with over 1800+ instruments to trade.
Some outstanding advantages of trading with FXPro include its superior order execution, deep liquidity, competitive pricing, industry-standard trading platforms, multiple tailored account types, and 24/7 customer support service.
FXPro is ideal for traders who want a flexible range of low-cost offerings, multiple choices of trading platforms and account types, and a very reliable customer support service.
High volume traders are also welcomed with VIP Premium accounts which are offered to select clients with high deposits of over $50k (or currency equivalent) and those with actively large trading volumes. Clients who qualify for these account types can enjoy free VPS service and reduced spreads/commissions.
FXPro Overview
| Broker | FXPro |
|---|---|
| Regulation | FCA, CySEC, SFCA and SCB. |
| Forex Pairs | 70 |
| Trading Platforms | FXPro Edge, MetaTrader4, MetaTrader5 and cTrader |
| Minimum Deposit | $100 |
| Demo Account | Available |
| Maximum Leverage | 1:200 |
| Account Currencies | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR. |
| Payment Methods | Bank Transfer, Broker To Broker Transfer, Credit/ Debit Cards, Paypal, Skrill, and Neteller. |
| Trading Tools | FxPro Direct App, Trader’s Dashboard, Virtual Private Server (VPS), FX Calculator |
Gallery
Pros
- Strong regulatory framework.
- Official partner of the McLaren Formula 1 team.
- The official main sponsor of Yacht Club de Monaco.
- Easy account registration process.
- Multiple tailored account types.
- Supports all trading styles and strategies.
- Multiple industry standard trading platforms in web, mobile and desktop versions.
- 8 account base currencies.
- Deep liquidity with no requotes.
- Offers both fixed and floating spreads.
- Competitive spreads and low commissions.
- Low minimum deposit.
- Superior order execution.
- Essential online trading tools.
- Dedicated customer support team available 24/7.
- A variety of top-grade trading platforms.
- Suitable for both beginner and professional traders.
Cons
- Inactivity fee charged after 12 months of account inactivity.
- The demo account duration is limited to 120 days.