Best Commodity Brokers Review
Commodity trading, although less renowned than Forex or stock trading, garners interest due to its distinct asset-class properties. It's an effective hedge against inflation and a great diversification tool. Commodities, split into hard (extracted like oil, gas, and gold) and soft (cultivated like wheat, soy, and cattle), present unique investment opportunities.
Industrial demand majorly influences hard commodities, while financial sector relies on them as value stores and hedging instruments. Conversely, personal consumption drives soft commodities' demand. Access to these varying opportunities is through online commodity brokers. Let's explore the top brokers for commodity trading.
Minimum deposit: $1
Commission from: $0
Regulation: FSC, FSP, DMCC
Maximum leverage: 1:1000
Spread from: 0
Instruments: Forex, Stocks, Commodities, Indices, Energy...
Minimum deposit: $500
Commission from: $0
Regulation: SEC, CFTC, FCM
Maximum leverage: 1:500
Spread from: 0.73pips
Minimum deposit: $50
Commission from: $0
Regulation: SIPC, FDIC, NFA
Maximum leverage: 1:2000
Spread from: -
Instruments: Stocks, ETFs, Mutual Funds, Options, Bonds...
Minimum deposit: $10000
Commission from: $0.001
Regulation: FINRA. NFA, SIPC
Maximum leverage: 1:500
Spread from: 0.01pips
Instruments: Stocks, Options, Futures
Minimum deposit: $0
Commission from: $0.59
Regulation: CFTC, NFA
Maximum leverage: -
Spread from: -
Instruments: Futures, forex, Commodities, interest rate...
Recognized as a premier foreign exchange broker, JRFX has effectively championed the concept of high-quality service, leading-edge technical support, and enriching trading experiences, riding on the expertise of its seasoned financial team. Over 13 years, JRFX has earned the respect of numerous independent media awards, solidifying its standing as one of the world's most esteemed foreign exchange brokers.
JRFX sets a high benchmark in the industry with a commission-free model, a maximum leverage of 1:1000, and ultra-fast order execution in under 14 milliseconds. Traders can also enjoy micro lot transactions starting from 0.01, and choose from over 100 trading varieties.
Forex trading with JRFX guarantees high-quality order execution, replete with complete transparency. With a global node setting and an ultra-low latency data center, JRFX ensures ultra-fast execution and provides the best buying and selling price via deep liquidity.
JRFX further amplifies its value proposition with its self-developed trading client, facilitating anytime, anywhere trading. Key features include real-time synchronization with MT4 data, integrated deposit and withdrawal functionality, online customer service for quick problem resolution, and user-friendly design, making it the first choice for entry-level users.
JRFX also stands out for its global reach, providing services in multiple languages to over 100 countries and being supervised by esteemed financial institutions like BVIFSC and DMCC. The brokerage's product suite is expansive, encompassing foreign exchange, stocks, precious metals, indices, commodities, and more.
JRFX offers a low investment threshold, with a minimum investment of $1, zero commission, and support for transactions through self-developed clients and MT4.
JRFX's account options are tailored to cater to all trading requirements. The EasyPro account, Standard account, and ECN account each offer distinct features and services, including massive free analysis and education materials, one-to-one service, and free signal indices. The diverse account options and tailored services truly affirm JRFX’s commitment to satisfying every trader's needs.
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TradeStation is a leading US brokerage company providing advanced online financial trading services globally. Catering to both individual and institutional active traders, the firm delivers cutting-edge trading technology and electronic brokerage services, with direct links to commodity futures and options markets. Its pioneering platform facilitates easy access to prominent commodity exchanges and market centers across the globe.
TradeStation is regulated by several key entities, including the Securities and Exchange Commission, Commodity Futures Trading Commission, National Futures Association in the US, the Financial Conduct Authority in the UK, and Japan's Financial Services Agency. It is also a member of the NYSE, FINRA, CME, SIPC, among others.
The company offers three distinct platforms: TradeStation Desktop, Web Trading, and TS Crypto. The desktop platform offers sophisticated trading tools, while the Web Trading platform is crafted for simplicity. Additionally, a well-designed mobile app provides robust features such as comprehensive charting and watch list. While brokerage customers can use the platform without charge, non-customers must pay a subscription fee.
TradeStation provides direct access to various commodity futures contracts, including precious metals, crude oil, agricultural commodities, and the increasingly popular cryptocurrencies. The company's commission structures vary, but its primary plans, TS Select and TS Go, include free market data and no monthly platform charges.
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E*TRADE, established in 1982, was the front-runner in online trading for retail investors in the United States. This preeminent online financial firm provides an unmatched experience for digital commodity investors and traders, along with expert personal advice. It offers a sophisticated trading platform giving retail investors the ability to trade commodity futures listed on the CME and ICE US.
This US-based broker is regulated by the Securities and Exchange Commission and the Commodity Futures Trading Commission, also being a member of the FINRA, NFA, and SIPC. E*TRADE furnishes two free-to-use trading platforms, E*TRADE Web and Power E*TRADE, with no obligations related to trading activity or balance minimums. The E*TRADE Web provides numerous features including free real-time quotes, extensive technical studies, versatile drawing tools, customizable trade tickets and options chain views, and live market commentary. Power E*TRADE is designed specifically for frequent traders.
E*TRADE allows retail investors to directly access commodities like metals, energies, and Bitcoin futures on the CME and ICE US, including E-mini contracts. These contracts enable better capital management for retail investors who could lose money when trading standard contracts.
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Based in New York, Lightspeed is a futures broker primarily serving professional or highly active day traders, providing them entry to the commodity futures market across platforms like CME, NYMEX, and ICE Europe, among others. It is regulated by the Commodity Futures Trading Commission and is a FINRA (Financial Industry Regulatory Authority) member.
Lightspeed offers two platforms: the Web/Mobile Trader platform, designed for non-professional individual investors, and the Lightspeed Trader platform, intended for more active traders. A monthly platform fee of $130 is charged, however, this can be offset by trading commissions.
In terms of commodities, Lightspeed grants direct access to commodity futures contracts and commodity futures options listed on multiple exchanges including the CME, NYMEX, Eurex, ICE Europe, ICE US, and COMEX.
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Equities commission rate of $.002 per share
Options contract rate of $0.35 per contract
Generic Trade, a U.S. financial services provider, has been supplying retail traders with financial stability, advanced trading technology, and highly competitive commission rates for over a decade, enabling them to challenge professional and institutional traders. The firm is regulated by the Commodity Futures Trading Commission and holds membership with the National Futures Association.
Generic Trade supports three trading platforms for commodities. The Generic Trader Online is a web-based service, while the Generic Trader Professional provides a robust desktop environment. Additionally, they provide Generic Trader Mobile, a platform tailored for Android and iOS users.
The brokerage offers access to commodity futures from the CME, which include energy, agriculture, and metal sectors. As a genuine deep-discount futures firm, Generic Trade imposes a mere 59¢ commission per side for all trades, whether futures or options on futures, across any platform.