-
BinariumBest Binary Options Broker!
Perfect Choice For Beginners and Middle-Level Traders!
Free Demo Account! Free Education! -
Exclusive: easyMarkets Closes Polish Branch ‘Easy Forex Trading Sp Zoo’
easyMarkets told traders in Poland that its headquarters in Limassol, Cyprus will handle their trading operations.
CySEC-regulated forex broker easyMarkets has announced that it will be exiting the Polish market effective June 30, 2020, and will be withdrawing registration of its Polish branch Easy Forex Trading Sp. Zoo., located at Warsaw Financial Center.
In an email sent to clients this morning, easyMarkets told traders in Poland that its headquarters in Limassol, Cyprus will handle their trading operations, including the reception and transmission of orders, as of 31st of May 2020.
Back in December, the Polish Ministry of Finance has submitted a draft of a new law that introduces sweeping changes to its FX regulations, including the imposition of maximum leverage on forex trading accounts to 1:50.
Suggested articles
FBS Launches Online Trading School – FBS Trading BootcampGo to article >>
The draft of new propositions, however, allows brokerage firms to raise the maximum permitted leverage to 100:1 only if the customer made at least 40 transactions during the last 24 months.
Earlier in July, Polish authorities announced plans to cut the maximum leverage from the current 1:100, with a margin of 1 percent, to 1:25 with a margin of 4 percent.
The efforts reflected Poland’s ongoing clampdown on the high-risk retail trading products. It also places the country’s regulations on par with other European nations, notably the UK’s FCA, which has proposed a maximum of 50:1, and Cyprus’ CySEC, which has made similar limitations but added a provision for experienced traders to access higher leverage levels.
Recently, reports provided to the Polish Financial Supervision Authority (KNF) by the nation’s regulated brokers showed that 36.1 percent of clients investing in currency derivatives made a profit, down from 39.5 percent in the previous quarter. Reports provided to the KNF last year showed that the percentage of investors making money from trading in the OTC market averaged 20.7 percent in the period from 1 January 2020 to 31 December 2020. But ultimately, 80 percent of the profitable traders made losses in the long run.
Polish authorities Allows Leverage As High As 1:100
UK’s Financial Conduct Authority (FCA) confirmed its decision to permanently restrict the sale of CFDs and CFD-like products on a national level earlier this week. While most of these restrictive rules mirror ESMA’s product intervention measures, there are some slight alterations, such as the higher leverage allowed for the sale of government bonds.
FCA’s rules are aimed at guaranteeing consumer protection and will come into effect from the 1st of August for CFDs and on the 1st of September for CFD-like options.
More specifically, these measures include a requirement for all brokerages to provide negative balance protection to all account holders, to close out a customer’s position when their funds fall to 50% of the margin needed, to place a standardized risk warning on their websites, to stop offering monetary and non-monetary inducements to encourage trading (such as bonuses), as well as to offer leverage of 1:2 to 1:30, depending on the asset class.
-
Binarium
Best Binary Options Broker!
Perfect Choice For Beginners and Middle-Level Traders!
Free Demo Account! Free Education! -
Re: FCA makes ESMA’s CFD restrictions permanent, but allows higher leverage on bonds
UK’s Financial Conduct Authority (FCA) confirmed its decision to permanently restrict the sale of CFDs and CFD-like products on a national level earlier this week. While most of these restrictive rules mirror ESMA’s product intervention measures, there are some slight alterations, such as the higher leverage allowed for the sale of government bonds.
FCA’s rules are aimed at guaranteeing consumer protection and will come into effect from the 1st of August for CFDs and on the 1st of September for CFD-like options.
More specifically, these measures include a requirement for all brokerages to provide negative balance protection to all account holders, to close out a customer’s position when their funds fall to 50% of the margin needed, to place a standardized risk warning on their websites, to stop offering monetary and non-monetary inducements to encourage trading (such as bonuses), as well as to offer leverage of 1:2 to 1:30, depending on the asset class.
Top Commodities Brokers for Commodity Trading for 2020
We found 24 online brokers that are appropriate for Trading Commodities.
Brokers for Trading Commodities Guide
Commodities Brokers
Commodity brokers or commodities brokers are individuals or firms that help traders in buying and selling commodity contracts for a certain pre-defined commission or fee.
They are registered with regulatory authorities of their respective countries for example in the United Kingdom the Financial Conduct Authority oversees commodity brokers. In South Africa commodities are regulated by The Financial Sector Conduct Authority (FSCA) of South Africa. In Germany The Federal Financial Supervisory Authority (BaFin) regulates commodity trading.
Commodity brokers or commodity brokers are not limited to trade on a single or specific commodity exchange, but they can do so on various related exchanges like the most popular New York Mercantile Exchange and Chicago Board of Trade in the USA.
The commodities which are traded on such exchanges include rice, wheat, soybeans, crude oil, natural gas, electricity, gold and silver.
Tips to Find Best Commodities Brokers
There are several ways to find one of the best commodities brokers or commodity brokers but here we will discuss a couple of proven ones.
Below are some of the commodities brokers or commodity brokers to take a note of before selecting one for your trades in the commodity markets:
Floor Broker
Floor Broker – Such commodities brokers or commodity brokers usually trades on the exchange floor on behalf of a trader or client and he or the firm is paid a commission against it.
Futures Commission Merchant
Futures Commission Merchant – In short, such commodities brokers or commodity brokers are called FCM. He / She or a firm holds the funds of a client to margin like what broker-dealer does.
Introducing Broker
Introducing Broker – He or a firm never hold the client’s fund directly but through an FCM as sometimes traders dislike working with an FCM.
Commodity Trading Advisor
Commodity Trading Advisor – He / She or a firm just advises traders on commodity trading and work as if to have power of attorney on behalf of clients.
Commodity Pool Operator
Commodity Pool Operator – Commodity that is equivalent to a mutual fund is termed as a commodity pool and CPO operates under the advice of CTA.
Registered Commodity Representative abbreviated to RCR or Associated Person which is abbreviated to AP. A RCR or AP can an officer, partner or employee of a CPO, CTA, IB or FCM and are licensed to practice with their firms.
How to Trade Commodities
Commodities can be traded directly through futures contracts or through equities market, exchange-traded funds, contract for difference or mutual funds.
Usually, traders opt for trading through CFD trading due to its leverage and smaller contract sizes. The initial capital is very low compared to other forms of commodity trading.
In commodity trade the traders don’t need the delivery of the actual commodity unlike manufacturers. Historically just livestock and grain were traded but now more commodities are bought and sold including bonds, currencies, metals and energy.
We’ve collected thousands of datapoints and written a guide to help you find the best Commodities Brokers for Commodity Trading for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best commodities brokers below. You can go straight to the broker list here.
Reputable Brokers for Trading Commodities Checklist
There are a number of important factors to consider when picking an online Commodities trading brokerage.
- Check your broker for Trading Commodities has a history of at least 2 years.
- Check your broker for Trading Commodities has a reasonable sized customer support of at least 15.
- Does the broker for Trading Commodities fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your broker for Trading Commodities has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your broker for Trading Commodities have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your broker for Trading Commodities can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering Commodities Brokers.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Commodities Brokers.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Commodities Brokers of 2020 compared
Here are the top Commodities Brokers.
Compare Commodities Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are commodities brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more commodities brokers that accept commodities clients
| Broker | eToro | XTB | IC Markets | Pepperstone | Plus500 | FXPrimus | EasyMarkets | Roboforex | FP Markets | XM | ThinkMarkets | HY Markets | City Index | AvaTrade | Forex.com | FXPro |
| Rating | ||||||||||||||||
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA), FCA FRN 509909, Cyprus Securities and Exchange Commission (CySEC), CySEC cLicense No. 250/14 | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048 | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of The Bahamas (SCB), Dubai Financial Services Authority (DFSA) |
| Min Deposit | 200 | No minimum deposit | 200 | 200 | 100 | 100 | 1 | 1 | 100 | 5 | 250 | 100 | 25 | 250 | 500 | 100 |
| Funding |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Used By | 12,000,000+ | 250,000+ | 60,000+ | 10,000+ | 15,500+ | 10,000+ | 10,000+ | 10,000+ | 10,000+ | 70,000+ | 10,000+ | 10,000+ | 14,000+ | 200,000+ | 40,000+ | 10,000+ |
| Benefits |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Accounts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Spreads |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Platforms | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Web Trader, Tablet & Mobile apps | MT4, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
| Support |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Learn More | Sign Up with eToro |
Sign Up with XTB |
Sign Up with IC Markets |
Sign Up with Pepperstone |
Sign Up with Plus500 |
Sign Up with FXPrimus |
Sign Up with EasyMarkets |
Sign Up with Roboforex |
Sign Up with FP Markets |
Sign Up with XM |
Sign Up with ThinkMarkets |
Sign Up with HYCM |
Sign Up with City Index |
Sign Up with AvaTrade |
Sign Up with Forex.com |
Sign Up with FXPro |
| Risk Warning | 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | Your capital is at risk | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | 76.4% of retail CFD accounts lose money | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | 69% of retail investor accounts lose money when trading CFDs with this provider | Your capital is at risk |
| Demo | eToro Demo |
XTB Demo |
IC Markets Demo |
Pepperstone Demo |
Plus500 Demo |
FXPrimus Demo |
EasyMarkets Demo |
Roboforex Demo |
FP Markets Demo |
XM Demo |
ThinkMarkets Demo |
HYCM Demo |
City Index Demo |
AvaTrade Demo |
Forex.com Demo |
FXPro Demo |
| Excluded Countries | US, IR, KP, BE, CA, JP, SY, TR, IL | US, IN, PK, BD, NG , ID, BE | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | KR, IR, IQ, SY, JP, US | BE, US, CA, CN, ID, PH | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US | US, JP | US, JP, NZ | US, CA, IL, BE, KR, IR, MM, CU, SD, SY | AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW | US | US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW | BE, BR, KP, NZ, TR, US, CA, SG | BE | US, IR, CA |
All Commodities brokers in more detail
We have listed 24 top Commodities brokers below.
You can compare Commodities Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Commodities Brokers for 2020 article further below. You can see it now by clicking here
-
Binarium
Best Binary Options Broker!
Perfect Choice For Beginners and Middle-Level Traders!
Free Demo Account! Free Education! -
