Best Commodity Trading Forex Brokers for 2024

Below you will find a list of Forex Brokers that offer different types of commodities for trading. In essence, a commodity is an economic good or crude used in the manufacture of a certain product or service. In the market, the asset is usually traded as a futures contract or CFD. The latter is better, since it has no expiration date and requires lower amount of investments. Most liquid and frequently traded commodities are metals, energies and softs. Most tradable precious metals are considered to be gold and silver. Most valuable energies – oil and gas. As for softs, this group usually includes a variety of agricultural goods (coffee, corn, soybean, wheat, sugar etc.) and livestock.

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CityIndex CityIndex (1983) Leverage: up to 1:30 Deposit: from 10 USD Spreads:  low  low Location: Australia UK UAE Singapore Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds Interest Rates Platforms: Web MetaTrader 4 TradingView Specific Wire Transfer Credit Cards PayPal Bpay AvaTrade AvaTrade (2007) Leverage: up to 1:400 * Deposit: from 100 USD Spreads:  low  low Location: Australia Ireland Poland South Africa UAE Japan British Virgin Islands Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Platforms: Web MetaTrader 4 MetaTrader 5 Specific Social Platform Wire Transfer Credit Cards PayPal Skrill Neteller FasaPay UnionPay Perfect Money iDeal Giropay AstroPay SafetyPay Klarna Przelewy24 ZotaPay Grand Capital Grand Capital (2006) Leverage: up to 1:1000 Deposit: from 10 USD Spreads:  mid  mid Location: Saint Vincent and the Grenadines Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds Platforms: Web MetaTrader 4 MetaTrader 5 Specific Wire Transfer Credit Cards Skrill Neteller PayRedeem FasaPay WebMoney Perfect Money Payza AdvCash Bitcoin Ethereum Tether RegularPay Payeer PayTrust88 FxPro FxPro (2006) Leverage: up to 1:500 * Deposit: from 100 USD Spreads:  mid  mid Location: UK Cyprus Bahamas Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 cTrader Wire Transfer Credit Cards PayPal Skrill Neteller UnionPay IC Markets IC Markets (2007) Leverage: up to 1:500 * Deposit: from 200 USD Spreads:  low  low Location: Australia Cyprus Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds Platforms: Web MetaTrader 4 MetaTrader 5 cTrader TradingView Social Platform FIX API (protocol) Wire Transfer Credit Cards PayPal Skrill Neteller FasaPay UnionPay BitPay Bpay POLi Klarna IG Markets IG Markets (1974) Leverage: up to 1:200 * Deposit: from 300 USD Spreads:  low  low Location: Australia UK Switzerland UAE Singapore Japan Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Interest Rates Platforms: Web MetaTrader 4 Specific FIX API (protocol) Wire Transfer Credit Cards PayPal Bpay Forex.com Forex.com (2001) Leverage: up to 1:50 * Deposit: from 100 USD Spreads:  mid  mid Location: US UK Japan Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 TradingView NinjaTrader Specific FIX API (protocol) Wire Transfer Credit Cards Dukascopy Dukascopy (1998) Leverage: up to 1:200 Deposit: from 100 USD Spreads:  low  low Location: Switzerland Latvia Japan Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Platforms: Web MetaTrader 4 Specific Binary Platform FIX API (protocol) Wire Transfer Credit Cards XM Group XM Group (2009) Leverage: up to 1:888 Deposit: from 5 USD Spreads:  low  low Location: Australia UK Cyprus UAE Belize Instruments: Currencies Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller WebMoney Yandex Money Qiwi XTB Group XTB Group (2004) Leverage: up to 1:200 Deposit: from 250 USD Spreads:  mid  mid Location: UK Germany France Spain Poland Belize Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Platforms: MetaTrader 4 xStation Wire Transfer Credit Cards PayPal Skrill Sofort PaySafeCard SafetyPay Global Prime Global Prime (2010) Leverage: up to 1:100 Deposit: from 200 AUD Spreads:  low  low Location: Australia Seychelles Vanuatu Instruments: Currencies Crypto Indices Metals Energies Softs Platforms: Web MetaTrader 4 TradingView Specific FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller FasaPay Bpay POLi ZotaPay HQ Broker HQ Broker (2017) Leverage: up to 1:400 Deposit: from 250 USD Spreads:  mid  mid Location: Marshall Islands Instruments: Currencies Indices Metals Energies Softs Stocks Bonds Platforms: Web MetaTrader 4 Wire Transfer Credit Cards FP Markets FP Markets (2005) Leverage: up to 1:500 Deposit: from 100 AUD Spreads:  low  low Location: Australia Cyprus Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Platforms: Web MetaTrader 4 MetaTrader 5 cTrader TradingView Specific Wire Transfer Credit Cards PayPal Skrill Neteller FasaPay Perfect Money Bitcoin Bitсoin Cash Ethereum Liteсoin Dash Ripple Tether Google Pay Apple Pay SticPay CMC Markets CMC Markets (1989) Leverage: up to 1:500 * Deposit: from 200 USD Spreads:  low  low Location: Australia New Zealand Canada UK Germany Singapore Instruments: Currencies Indices Metals Energies Softs Stocks Bonds ETFs Interest Rates Platforms: Web MetaTrader 4 Specific FIX API (protocol) Wire Transfer Credit Cards POLi InstaForex InstaForex (2007) Leverage: up to 1:1000 Deposit: from 10 USD Spreads:  high  high Location: Cyprus Saint Vincent and the Grenadines British Virgin Islands Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Specific Binary Platform Wire Transfer Credit Cards Skrill Neteller UnionPay Trustly Qiwi ePayments iDeal Sofort Bitcoin Liteсoin Tether POLi Giropay Przelewy24 AAFX AAFX (2015) Leverage: up to 1:2000 Deposit: from 100 USD Spreads:  low  low Location: Mwali Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay WebMoney Perfect Money Bitcoin Plus500 Plus500 (2008) Leverage: up to 1:300 Deposit: from 100 USD Spreads:  low  low Location: Australia New Zealand UK Estonia Cyprus Singapore Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Platforms: Web Specific Wire Transfer Credit Cards PayPal Skrill Windsor Brokers Windsor Brokers (1988) Leverage: up to 1:500 * Deposit: from 100 USD Spreads:  mid  mid Location: Cyprus Belize Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller UnionPay WebMoney INGOT Brokers INGOT Brokers (2006) Leverage: up to 1:500 Deposit: from 100 USD Spreads:  low  low Location: Australia Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks ETFs Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards PayPal Bitcoin Ethereum Tether POLi AMarkets AMarkets (2007) Leverage: up to 1:3000 Deposit: from 100 USD Spreads:  low  low Location: New Zealand Saint Vincent and the Grenadines Mwali Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Neteller FasaPay Perfect Money AdvCash Bitcoin Ethereum Liteсoin Tether Amana Capital Amana Capital (2010) Leverage: up to 1:500 * Deposit: from 50 USD Spreads:  mid  mid Location: UK Cyprus UAE Lebanon Malaysia Mauritius Instruments: Currencies Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay WebMoney Perfect Money Qiwi AdvCash Apple Pay Epay Moneta Ru Payeer Pepperstone Pepperstone (2010) Leverage: up to 1:200 Deposit: from 200 AUD Spreads:  low  low Location: Australia UK Germany Cyprus UAE Bahamas Instruments: Currencies Crypto Indices Metals Energies Softs Platforms: Web MetaTrader 4 MetaTrader 5 cTrader Wire Transfer Credit Cards PayPal Skrill Neteller FasaPay UnionPay Qiwi Bpay POLi Markets.com Markets.com (2008) Leverage: up to 1:300 * Deposit: from 100 USD Spreads:  mid  mid Location: Australia UK Cyprus South Africa British Virgin Islands Instruments: Currencies Indices Metals Energies Softs Stocks Bonds ETFs Platforms: Web MetaTrader 4 MetaTrader 5 Specific Social Platform Wire Transfer Credit Cards PayPal Skrill Neteller iDeal Sofort Giropay Friedberg Direct Friedberg Direct (2007) Leverage: up to 1:50 Deposit: from 100 CAD Spreads:  mid  mid Location: Canada Instruments: Currencies Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 Specific Wire Transfer Credit Cards JustForex JustForex (2012) Leverage: up to 1:3000 Deposit: from 1 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Skrill Neteller FasaPay Perfect Money Qiwi BitWallet SticPay SuperForex SuperForex (2013) Leverage: up to 1:2000 Deposit: from 1 USD Spreads:  mid  mid Location: Belize Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay Perfect Money Bitcoin Liteсoin Dash Ripple Tether BitWallet SticPay AstroPay ActivTrades ActivTrades (2001) Leverage: up to 1:400 * Deposit: from 500 GBP Spreads:  mid  mid Location: UK Italy Bahamas Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Platforms: Web MetaTrader 4 MetaTrader 5 TradingView Specific Wire Transfer Credit Cards PayPal Skrill Neteller Sofort Infinox Infinox (2009) Leverage: up to 1:1000 Deposit: from 50 USD Spreads:  low  low Location: UK Bahamas Mauritius Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 CQG Specific Social Platform FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller Perfect Money EcoPayz SticPay AstroPay ZotaPay Capex Capex (2016) Leverage: up to 1:300 * Deposit: from 1000 USD Spreads:  mid  mid Location: Cyprus South Africa Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Platforms: Web MetaTrader 5 Specific Social Platform Wire Transfer Credit Cards Skrill Neteller Trustly SafeCharge VantageFX VantageFX (2009) Leverage: up to 1:500 Deposit: from 200 USD Spreads:  low  low Location: Australia UK Cayman Islands Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards PayPal Skrill Neteller FasaPay UnionPay Bpay POLi AstroPay Oinvest Oinvest (2018) Leverage: up to 1:400 Deposit: from 250 USD Spreads:  mid  mid Location: South Africa Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller HFTrading HFTrading (2018) Leverage: up to 1:30 Deposit: from 250 USD Spreads:  mid  mid Location: Australia New Zealand Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller IronFX IronFX (2010) Leverage: up to 1:1000 Deposit: from 100 USD Spreads:  mid  mid Location: Australia UK South Africa Bermuda Instruments: Currencies Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay DotPay Just2Trade Just2Trade (2015) Leverage: up to 1:30 Deposit: from 100 USD Spreads:  low  low Location: Cyprus Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Platforms: Web MetaTrader 4 MetaTrader 5 CQG Specific FIX API (protocol) Wire Transfer Credit Cards Skrill Neteller UnionPay WebMoney Yandex Money Trustly Qiwi iDeal Bitcoin Ethereum Tether POLi Giropay Moneta Ru Klarna Przelewy24 Alipay IFC Markets IFC Markets (2006) Leverage: up to 1:400 Deposit: from 1 USD Spreads:  mid  mid Location: Malaysia British Virgin Islands Instruments: Currencies Crypto Indices Metals Energies Softs Stocks ETFs Platforms: Web MetaTrader 4 MetaTrader 5 Specific Wire Transfer Credit Cards Skrill Neteller WebMoney Perfect Money Bitcoin BitWallet iForex iForex (2012) Leverage: up to 1:400 * Deposit: from 100 USD Spreads:  low  low Location: UK Cyprus British Virgin Islands Instruments: Currencies Crypto Indices Metals Energies Softs Stocks ETFs Platforms: Web Specific Social Platform Wire Transfer Credit Cards Skrill Neteller TMGM TMGM (2013) Leverage: up to 1:500 Deposit: from 100 USD Spreads:  low  low Location: Australia New Zealand Mauritius Vanuatu Instruments: Currencies Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Specific Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay POLi SticPay Alipay ETX Capital ETX Capital (1965) Leverage: up to 1:30 Deposit: from 100 USD Spreads:  low  low Location: UK Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Interest Rates Platforms: MetaTrader 4 Specific Social Platform Wire Transfer Credit Cards Skrill Neteller UnionPay GBE Brokers GBE Brokers (2015) Leverage: up to 1:30 Deposit: from 500 USD Spreads:  mid  mid Location: Germany Cyprus Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards PayPal Skrill Neteller VT Markets VT Markets (2016) Leverage: up to 1:500 Deposit: from 200 USD Spreads:  low  low Location: Australia UK Cayman Islands Instruments: Currencies Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay Tether Bpay POLi ALB ALB (2017) Leverage: up to 1:30 Deposit: from 200 USD Spreads:  mid  mid Location: Malta Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 cTrader Wire Transfer Credit Cards Pacific Union Pacific Union (2015) Leverage: up to 1:500 Deposit: from 20 USD Spreads:  low  low Location: Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay Bitcoin Tether Alipay EuropeFX EuropeFX (2017) Leverage: up to 1:30 Deposit: from 1000 EUR Spreads:  mid  mid Location: Germany Cyprus Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 Specific Wire Transfer Credit Cards PayPal Skrill Neteller iDeal Sofort Giropay SafeCharge EasyMarkets EasyMarkets (2001) Leverage: up to 1:400 Deposit: from 25 USD Spreads:  mid  mid Location: Cyprus British Virgin Islands Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 TradingView Specific Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay WebMoney Perfect Money iDeal Sofort BitWallet Giropay SticPay AstroPay Libertex Libertex (1997) Leverage: up to 1:1000 * Deposit: from 10 USD Spreads:  mid  mid Location: Cyprus South Africa Saint Vincent and the Grenadines Mauritius Instruments: Currencies Crypto Indices Metals Energies Softs Stocks ETFs Platforms: Web MetaTrader 4 MetaTrader 5 Specific Wire Transfer Credit Cards PayPal Skrill Neteller Trustly iDeal Sofort Giropay PaySafeCard Przelewy24 GANNMarkets GANNMarkets (2010) Leverage: up to 1:400 Deposit: from 100 USD Spreads:  mid  mid Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds Platforms: MetaTrader 4 MetaTrader 5 Credit Cards PayPal FasaPay UnionPay Perfect Money AdvCash Bitcoin Ethereum Tether PU Prime PU Prime (2015) Leverage: up to 1:1000 Deposit: from 50 USD Spreads:  low  low Location: Seychelles Instruments: Currencies Indices Metals Energies Softs Stocks Bonds ETFs Platforms: Web MetaTrader 4 MetaTrader 5 Social Platform Wire Transfer Credit Cards Skrill Neteller FasaPay Fusion Markets Fusion Markets (2010) Leverage: up to 1:500 Deposit: from 20 AUD Spreads:  low  low Location: Australia Seychelles Vanuatu Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 cTrader Wire Transfer Credit Cards PayPal Skrill Neteller FasaPay Perfect Money SticPay AstroPay LCG LCG (1996) Leverage: up to 1:200 Deposit: from 100 USD Spreads:  mid  mid Location: UK Bahamas Instruments: Currencies Indices Metals Energies Softs Stocks Bonds ETFs Interest Rates Platforms: Web MetaTrader 4 Specific Wire Transfer Credit Cards Skrill Neteller UnionPay One Financial Markets One Financial Markets (2007) Leverage: up to 1:30 Deposit: from 250 USD Spreads:  low  low Location: UK Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay UnionPay SafeCharge Capital.com Capital.com (2016) Leverage: up to 1:200 * Deposit: from 20 USD Spreads:  low  low Location: Australia UK Cyprus Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 TradingView Specific FIX API (protocol) Wire Transfer Credit Cards PayPal Skrill Neteller Trustly Qiwi iDeal Sofort POLi Giropay LegacyFx LegacyFx (2017) Leverage: up to 1:200 Deposit: from 500 USD Spreads:  mid  mid Location: Cyprus Vanuatu Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller PayRedeem Perfect Money iDeal Bitcoin Bitсoin Cash Liteсoin Ripple Giropay Klarna Blaze Markets Blaze Markets (2022) Leverage: up to 1:200 Deposit: from 100 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds Platforms: MetaTrader 4 Wire Transfer Credit Cards Bitcoin Esperio Esperio (2021) Leverage: up to 1:1000 Deposit: from 10 USD Spreads:  mid  mid Location: Saint Vincent and the Grenadines Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs Platforms: MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards FasaPay Bitcoin Tether ZForex ZForex (2022) Leverage: up to 1:1000 Deposit: from 10 USD Spreads:  low  low Location: Saint Vincent and the Grenadines Mwali Instruments: Currencies Crypto Indices Metals Energies Softs Platforms: Web MetaTrader 5 Credit Cards WebMoney Bitcoin Ethereum Liteсoin Tether FXGiants FXGiants (2020) Leverage: up to 1:1000 Deposit: from 10 USD Spreads:  mid  mid Location: Bermuda Instruments: Currencies Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 Specific Wire Transfer Credit Cards UnionPay Bitcoin BitWallet HeroFX HeroFX (2022) Leverage: up to 1:500 Deposit: from 20 USD Spreads:  mid  mid Location: British Virgin Islands Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Bitcoin Tether Thunder Markets Thunder Markets (2022) Leverage: up to 1:400 Deposit: from 500 USD Spreads:  mid  mid Location: Seychelles Instruments: Currencies Indices Metals Energies Softs Stocks Bonds Platforms: MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller Perfect Money DBinvesting DBinvesting (2018) Leverage: up to 1:1000 Deposit: from 100 USD Spreads:  high  high Location: Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 5 Specific Wire Transfer Credit Cards FasaPay Perfect Money Bitcoin Tether Fxoro Fxoro (2012) Leverage: up to 1:400 * Deposit: from 200 USD Spreads:  mid  mid Location: Cyprus Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 Wire Transfer Credit Cards Skrill Neteller FXTrading.com FXTrading.com (2014) Leverage: up to 1:500 Deposit: From 50 USD Spreads:  low  low Location: Australia Vanuatu Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards PayPal Neteller UnionPay POLi XS XS (2010) Leverage: up to 1:500 Deposit: from 20 USD Spreads:  low  low Location: Australia Cyprus Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds Platforms: Web MetaTrader 4 MetaTrader 5 Specific Wire Transfer Credit Cards Skrill Neteller Giropay Klarna Taurex Taurex (2017) Leverage: up to 1:1000 * Deposit: from 100 USD Spreads:  low  low Location: UK UAE Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 4 MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller BelleoFX BelleoFX (2020) Leverage: up to 1:500 Deposit: from 50 USD Spreads:  mid  mid Location: Saint Vincent and the Grenadines Mauritius Instruments: Currencies Indices Metals Energies Softs Stocks Platforms: Web MetaTrader 5 Wire Transfer Credit Cards Skrill Neteller FasaPay Perfect Money Bitcoin Ethereum Tether FXCentrum FXCentrum (2019) Leverage: up to 1:1000 Deposit: from 10 USD Spreads:  low  low Location: Seychelles Instruments: Currencies Indices Metals Energies Softs Stocks Bonds Platforms: Web Specific Wire Transfer Credit Cards Perfect Money Bitcoin Tether AstroPay ZotaPay TenTrade TenTrade (2020) Leverage: up to 1:500 Deposit: from 50 USD Spreads:  low  low Location: Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks ETFs Platforms: Web MetaTrader 5 Social Platform Wire Transfer Credit Cards Skrill Neteller Perfect Money Bitcoin Tether Exclusive Markets Exclusive Markets (2018) Leverage: up to 1:2000 Deposit: from 200 USD Spreads:  low  low Location: Seychelles Instruments: Currencies Crypto Indices Metals Energies Softs Stocks ETFs Platforms: Web MetaTrader 4 MetaTrader 5 Skrill Neteller FasaPay Perfect Money BitWallet SticPay PayTrust88 Ultima Markets Ultima Markets (2016) Leverage: up to 1:2000 * Deposit: from 50 USD Spreads:  low  low Location: Cyprus Mauritius Instruments: Currencies Crypto Indices Metals Energies Softs Stocks Bonds Platforms: Web MetaTrader 4 Specific Wire Transfer Credit Cards UnionPay Bitcoin Tether Alipay
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Who are Commodity Forex Brokers?

These are forex brokers that offer Contracts for Difference (CFDs) on the various commodities that are either grown (agricultural commodities) or extracted from the ground (metals and energy commodities). Commodities serve as raw materials in many industries and that is what makes them highly valuable. Imagine a world without crude oil, staple crops like corn, cocoa or coffee, or even a world where there is no single piece of gold jewelry: that would be hard to imagine.

Unlike stock CFDs which feature assets that are listed across national exchanges and therefore differ from one country to another, commodity assets are the same everywhere. So whether they are listed in exchanges in London, Hong Kong or New York, the commodity assets are the same and will bear nearly similar pricing across exchanges. Once more, a question that may arise is whether there is any difference between the commodities listed on the platforms of commodity forex brokers and the commodities which are listed on their parent exchanges? Yes, differences do exist and some of them are presented below:

Contract Specifications for Trading Commodities on Forex Broker Platforms

Commodity CFDs are unique in the sense that the assets being tracked by the CFD contracts are traded on various commodity exchanges around the world. Commodities have unique contract specifications which are discussed below.

Infographics: Contract specifications for trading commodities on forex broker platforms

A) Leverage

In 2018, the European Securities and Markets Authority (ESMA) reduced the leverage limit for trading of all assets on UK and EU forex brokerages. This effectively reduced the leverage cap for trading commodities on EU and UK platforms to 1:10. This leverage provision translates into a margin requirement of 10%. What this means is that if a trader buys 100 units of a commodity CFD on a forex platform located in the UK or EU, and this trade costs $10,000 to execute, the trader is expected to come up with a margin of $1,000 as collateral for the trade.

However, offshore brokers continue to offer high leverage for trading. The offshore commodity forex brokers listed on our website offer various leverage amounts and it is still possible to see commodities traded with leverage as high as 1:500. If the trader intends to purchase a commodity CFD contract that costs $10,000 to execute on an offshore platform using a leverage of 1:500 (i.e. 0.2% margin), then the trader would only need $20 to execute the trade.

B) Spreads

Commodity CFDs tend to have varying spreads for each asset, and the spreads change as you move from one broker to the other. Therefore, traders need to be aware of the cost implications of trading certain CFDs on commodities. Your trading style will also dictate whether you should aim to cut your spreads to a barest minimum. For instance, high volume traders or scalpers will benefit hugely from reduction in spreads in the long run. There is already an article on this site which explained how much a trader can save over a year by using progressive brokers that can offer reduced spreads.

C) Exchanges Covered

Unlike stock CFDs where each national exchange carries stocks that are unique to the country where such an exchange is found, commodities are the same all over the world. Therefore, the exchange that a commodity is listed really does not make much of a difference in pricing or timing.

D) Trading Hours

Commodities are typically traded round-the-clock, except for specific break periods which occur within the trading hours from Monday to Friday. These break periods coincide with when the open outcry pits are shutting down and when the electronic platforms on the futures exchanges kick in. Furthermore, the break periods will differ as you move from one commodity class to another.

E) Commodity CFD Expiration Dates

Another unique feature of commodities is that the futures contracts have expiration dates. Expirations could be weekly, monthly or quarterly. When these contracts expire, they are settled and rolled over to the next contract. When the settlement occurs, the differences in price between the expiring commodity futures contract (which is featured as CFD on a commodity broker platform), and the new/rolled over commodity futures contract, will either be credited to the trader's account as profit, or debited from the account as a loss. Therefore, the trader has the option of closing active positions on commodity CFDs before the rollover date, or allowing the platform to do this automatically. Traders will therefore be required to know when the commodity CFD they are trading is going to expire. This information is usually provided on the contract specifications page of each commodity forex broker.

F) Minimum Tick Size and Lot Size

The minimum tick size indicates the size in points of a single tick move in the price of the commodity CFD. Commodities have varying units of measurement and the size of 1 lot will differ as you move from one commodity to another. For instance, Markets.com features a Brent Oil Standard Lot as equivalent to 1,000 units, while a Standard Lot for cocoa is equivalent to 100 units. For natural gas, silver and sugar, the Standard Lot is 10,000 units. Again, your broker will provide you with these measurements in the contract specification table.

G) Rollover Fee

Rollover fees apply if a position on a commodity CFD is held open beyond the trading day in which the position became active. Traders who hold Islamic-compliant accounts are exempted from paying this fee.

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