The 10 Best Brokers for Commodity Trading revealed.
We have listed, rated, and reviewed the Best Brokers for Commodity Trading. We showcase which commodities brokers are currently the most popular in the marketplace.
This is a complete listing of The 10 Best Brokers for Commodity Trading.
In this in-depth write-up, you will learn:
- A Top 10 Commodity Brokers List
- Who is the Best Broker for Commodity Trading?
- Best Commodity Broker in South Africa
- Best Commodity Broker in the World
And much, much more!
10 Best Brokers for Commodity Trading in 2025 – A Comparison
🔎 Broker | 🚀 Open an Account | 🛢 Commodities | 💰 Minimum Deposit |
🥇 AvaTrade | 👉 Open Account | Metals, Energies | $100 / R1806 ZAR |
🥈 eToro | 👉 Open Account | Energies, Metals | $50 USD / R889 ZAR |
🥉 XTB | 👉 Open Account | Gold, Silver, Oil | $0 USD / R0 ZAR |
🏅 Axi | 👉 Open Account | Gold, Silver, Metals | $0 USD / R0 ZAR |
📌 Pepperstone | 👉 Open Account | Metals, Energies | $200 USD / R3557 ZAR |
📍 IG | 👉 Open Account | Metals, Natural Gas | $0 USD / R0 ZAR |
🏅 CMC Markets | 👉 Open Account | Agriculture, Metals | $100 / R1806 ZAR |
📌 Plus500 | 👉 Open Account (CFD Service. Your capital is at risk) | Oil, Natural Gas, Gold | $100 / R1806 ZAR |
📍 XM | 👉 Open Account | Agriculture, Metals | $5 USD / R88 ZAR |
🏅 IC Markets | 👉 Open Account | Energies, Precious Metals | $200 USD / R3557 ZAR |
Commodities – A Definition
The term commodity refers to a basic good used in commerce that is interchangeable with other goods of the same type. Commodities can be divided into two types of commodities: Hard and Soft. Hard commodities are commodities that require mining or drilling to find whereas Soft commodities are grown or ranched. In total, there are four main types of commodities:
- Agricultural products: Soft commodities.
- Livestock and meat: Soft commodities.
- Energy products: Hard commodities.
- Metals: Hard commodities.
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
10 Best Brokers for Commodity Trading (2025)
- AvaTrade – Overall, the Most Popular Commodity Broker
- eToro – Popular Commodities Broker With Competitive Fees
- XTB – Award-Winning Commodity Broker
- Axi – Best Online Trading Experience
- Pepperstone – High User Trust Score
- IG – Popular Commodities Broker With Competitive Fees
- CMC Markets – Best Range of Commodity Markets
- Plus500 – 20+ commodities available
- XM – High-Leverage Commodity Trading Platform
- IC Markets – Low Commission Broker
1. AvaTrade
AvaTrade allows investors to trade CFDs on FX, Stocks, Commodities, Crypto, Indices & Options. AvaTrade offers tight spreads, no commissions, leverage of up to 400:1, and instant execution.
AvaTrade Overview
🔎 Broker | 🥇 AvaTrade |
📜 Regulation | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA |
💳 Minimum deposit | $100 USD / R1816 ZAR |
🚀Bonus | ✅ Yes |
🔥Trust Score | 94% |
🔥Live support | 24/5 |
📱 MetaTrader 4 (MT4) | ✅ Yes |
📱 MetaTrader 5 (MT5) | ✅ Yes |
📊Trading Islamic Account | ✅ Yes |
📊CFDs - Total Offered | 1,200 CFDs |
💰 Spreads | 0,9 pips |
💰 Withdrawal fee amount | Zero |
💰 Trading fees class | Very Low |
✔️ Scalping Allowed | ✅ Yes |
📈Products Offered | Forex, Stocks (CFDs), Commodities (CFDs), Indices (CFDs), Cryptocurrencies (CFDs) |
👥Account Types | Various, including standard accounts, demo accounts, Islamic accounts, and professional accounts (depending on regulation) |
📚Educational Resources | Webinars, articles, tutorials |
📍 Focus | User-friendly platform for beginners and experienced traders |
☎️Customer Support | Multiple languages offered |
📌Important Note | AvaTrade does not offer direct trading on the Volatility 75 Index (VIX). |
🚀 Open a account | 👉 Click Here |
AvaTrade Commodities Trading
AvaTrade allows traders to trade hard or soft commodities on both the MetaTrader4 and MetaTrader5 trading Platforms. Additionally, solutions are made available, including Expert Advisors and copy trading platforms like Zulutrade and Duplitrade.
AvaTrade Pros and Cons
✅ Pros | ❌ Cons |
Easy Account opening | Limited product portfolio |
No withdrawal fee | Administration fee |
Low trading fees | Inactivity fee |
Negative balance protection | Not listed on stock exchange |
2. eToro
eToro is one of the world’s leading social investment networks. eToro is fully regulated by several authorities, including FCA (UK), ASIC (Australia), CySec (Cyprus), GFSC (Gibraltar), FinCen, and FINRA (United States).
eToro Overview
🔎 Broker | 🥇 eToro |
📌 Regulation | FCA, ASIC, CySEC |
☪️ Islamic account | ☑️ Yes |
👍 Demo Account | ✅ Yes |
📊 Institutional Accounts | No |
📊 Managed Accounts | ☑️ Yes |
📈 Maximum Leverage | 20:1 |
💰 Minimum Deposit | $50 USD |
🚀 Open an Account | 👉Click Here |
eToro Commodities Trading
eToro offers its customers access to trade commodities such as gold, oil, copper, and silver on eToro’s easy-to-use web platform and intuitive mobile app.
eToro Pros and Cons
✅ Pros | ❌ Cons |
Well-regulated by top market regulators | US clients not accepted |
Client funds kept in segregated accounts | MetaTrader not provided |
Commission-free trading | Scalping and hedging are not allowed |
Traders can buy fractional shares | Inactivity fee charged after a year |
Min Deposit
USD 50 in *certain countries
Regulators
FCA, ASIC, CySEC
Trading Platform
Proprietary WebTrader
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
3. XTB
XTB is a leading stock exchange-listed FX & CFD broker with offices situated in 13+ countries across the globe. XTB offers access to a proprietary trading platform plus dedicated customer support.
XTB Overview
🔎 Broker | 🥇 XTB |
💰 Min. Deposit Required | None |
🛑 Inactivity Fee | $10 USD / R160 ZAR |
🆓 Demo Account | ✅ Yes |
🔁 Spreads from | 0.1 |
📌 Commissions | Pro Account |
🎉 Sign Up Bonus | ✅ Yes |
🔘Products Offered | Forex, CFDs on indices, shares, commodities, cryptocurrencies |
👨💼Account Types | Standard, Pro, and XTB Zero accounts |
💻Trading Platforms | XTB Trader, MetaTrader 4, MetaTrader 5 |
⚖️Regulation | Regulated by multiple authorities including the UK's FCA, Cyprus' CySEC, and Poland's KNF |
📚Educational Resources | Webinars, market analysis, educational materials |
📞Customer Support | 24/7 |
📍Focus | User-friendly platform, competitive spreads, range of trading instruments |
📌Important Note | CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. |
🎉 Sign Up Bonus | Yes |
📈 CFD Markets | 1500+ |
💰 Cash Back | Yes |
🚀 Open an Account | 👉 Click Here |
XTB Commodities Trading
XTB offers access to trade a wide range of commodities, including Gold, Silver, and Oil, with competitive spreads and leverage of up to 500:1.
XTB Pros and Cons
✅ Pros | ❌ Cons |
Used by 230,000+ traders | Doesn’t offer VPS |
Established in 2002 | Limited range of instruments |
Regulated by Financial Conduct Authority | Not ASIC Regulated |
Min Deposit
USD 0
Regulators
FCA, CySEC, IFSC, KNF
Trading Platform
MT4, xStation
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
4. Axi
Axi is a trusted brokerage firm that caters to 60’000+ traders across 100+ countries. Axi offers Ultra-competitive pricing, unbeatable value, free education, and award-winning 24/5 customer service.
Axi Overview
🔎 Broker | 🥇 Axi |
📝 Regulation | ASIC, FCA, DFSA |
💰 Min Deposit | $0 USD |
🆓 Demo Account | ✅ Yes |
☪️ Islamic Account | ☑️ Yes |
🔁 Spreads from | 0.0 Pips |
📌 Commission | ✅ Yes |
💳 Deposit Fee | No |
💵 Inactivity Fee | No |
⚡ Withdrawal Fee | Third-Party |
🚀 Open an Account | 👉 Click Here |
Axi Commodities Trading
Axi allows investors to trade popular commodities such as gold, silver, copper, and oil. Traders are free to deposit and withdraw with zero commission and with leverage of up to 100:1.
Axi Pros and Cons
✅ Pros | ❌ Cons |
No Deposit and withdrawal fees | Only offers Forex and CFDs |
Fully digital account opening | Limited research tools |
No inactivity fees | Slow email support |
Min Deposit
USD 0
Regulators
ASIC, FCA, DFSA
Trading Platform
MT4
Crypto
Yes
Total Pairs
140+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
5. Pepperstone
Pepperstone is a well-established Australian brokerage firm that is fully regulated by ASIC, FCA, and CMA. Pepperstone client funds are kept in segregated accounts with tier 1 banks.
Pepperstone Overview
🔎 Broker | 🥇 Pepperstone |
📍 Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB |
📌AFSL No | 414530 |
📌FCA no | 684312 |
👍 Demo Account | ☑️ Yes |
💰 Minimum Deposit | $0 USD |
📎 Bonus | No |
☪️ Islamic account | ✅ Yes |
📊 Institutional Accounts | ☑️ Yes |
📊 Managed Accounts | ✅ Yes |
📈 Maximum Leverage | 1:200 |
⚙️Products Offered | Stock, Indices, Commodities, Shares, Cryptocurrencies |
👨💼Account Types | Razor account Standard account Demo account Islamic account |
🖥️Trading Platforms | TradingView MetaTrader 4 MetaTrader 5 cTrader Capitalise.ai |
💳 Deposit and Withdrawal Options | Visa Mastercard Bank transfer MPESA PayPal Bpay Neteller POLi Skrill China UnionPay |
☎️Customer Support | 24/7 multilingual support |
📍Focus | Razor-sharp spreads, deep liquidity, caters to various experience levels |
📌Important Note | CFDs are complex instruments and carry the risk of losing more than your initial deposit due to leverage. It's crucial to understand the risks involved before trading CFDs. |
🚀 Open an Account | 👉 Open Account |
Pepperstone Commodities Trading
Pepperstone allows traders to trade commodity CFDs on gold, silver, crude oil, natural gas, and have lower spreads and faster execution.
Pepperstone Pros and Cons
✅ Pros | ❌ Cons |
Fast Account Opening | Mostly CFDs Offered |
Excellent Customer Support | Basic MetaTrader Platform |
Negative Balance Protection | No Managed Accounts |
Min Deposit
USD 0
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Platform
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
6.IG
IG is a trusted online forex trading provider that offers access to opportunities across thousands of financial markets through intuitive trading platforms.
IG Overview
🔎 Broker | ✅ IG Group |
💰 Trading Fee Class | Average |
💵 Inactivity Fee | Yes |
💳 Minimum Deposit | $0 USD |
💡 Base currencies | 6 |
✅ Demo Accounts | Yes |
📌 Products Offered | Forex, CFDs on shares, indices, commodities, cryptocurrencies, options |
⛔ Inactivity fee | Yes |
💻Trading Platforms | IG Trading platform, MetaTrader 4 |
⚖️Regulation | Regulated by multiple financial authorities including FCA (UK), ASIC (Australia), and others |
📚Educational Resources | Trading Academy, webinars, market analysis |
📧Email address | first.last@iggroup.com |
📞Customer Support | Multilingual customer support available |
📍Focus | Wide range of financial instruments, emphasis on user-friendly platform and educational resources |
📌Important Note | CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. |
💷 Account closure | No fee |
📊 Margin/leverage | From 0.5% for forex, 5% for shares and margin factor for indices |
💵 Setup charge | No fee |
🔎 Open an Account | 👉 Open Account |
IG Commodities Trading
IG makes the following markets available for trade, Spot prices, futures, options contracts, shares, and ETFs. Traders can choose from 35 commodities or a range of commodity stocks and ETFs.
IG Pros and Cons
✅ Pros | ❌ Cons |
Great Web Platform | Few Products Offered |
Vast Educational Tools | Phone Support is sub-par |
Min Deposit
USD 0
Regulators
FCA, BaFin, FINMA, DFSA, MAS, ASIC, FSCA
Trading Platform
MT4
Crypto
Yes
Total Pairs
80
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
7. CMC Markets
CMC Markets is a popular CFD and forex service provider with offices across the world’s leading financial centers. CMC Markets is regulated by several global authorities, including the FCA.
CMC Markets Overview
🔎 Broker | 🥇 CMC Markets |
💰 Min. Deposit (Rec.) | $10 USD |
🛑 Inactivity Fee | ☑️ Yes |
💻 Demo Account | ☑️ Yes |
💵 Base Currency | 10 |
🚀 Open an Account | 👉 Click Here |
CMC Markets Commodities Trading
CMC Markets allows users to Spread bets and trade CFDs with leverage on Gold, Silver, Brent, and West Texas Crude Oil plus commodity indices on an award-winning platform.
CMC Markets Pros and Cons
✅ Pros | ❌ Cons |
Highly regulated by FCA, ASIC, and other top-tier regulators | Charges an inactivity fee after 12 months of no trading activity |
Offers over 10,000 tradable instruments, including Forex, indices, commodities, and stocks | Only offers MetaTrader 4 (MT4) and proprietary platform Next Generation |
Tight spreads, especially on major Forex pairs | Spreads can widen during high market volatility |
Proprietary platform (Next Generation) is feature-rich with advanced charting tools | The feature-rich platform can be overwhelming for novice traders |
Makes it accessible for all traders, especially beginners | No deposit bonuses or promotional offers |
Available to protect against extreme market volatility | Fewer cryptocurrency offerings compared to other brokers |
High-quality execution with no dealing desk intervention | Withdrawal fees may apply for non-bank transfer methods like PayPal |
Extensive educational materials, webinars, and market analysis | Research features, though solid, could be enhanced for deeper market analysis |
Ensures clients cannot lose more than their balance | Leverage is capped in regions like Europe due to regulations |
Generally fee-free for most deposits and withdrawals | Does not offer built-in copy trading functionality |
Min Deposit
USD 0
Regulators
FCA, IIROC, ASIC, FMA, MAS
Trading Platform
MT4
Crypto
Yes
Total Pairs
158
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
8. Plus500
Plus500 is a well-regulated, highly-rated, and trusted provider of Contracts for Difference (CFDs). Plus500 offers access to trade on shares, forex, commodities, cryptocurrencies, ETFs, options, and indices.
Overview
🔎 CFD Provider | 🥇 Plus500 |
💴 Minimum Deposit | $100 USD / R1816 ZAR |
💳 Demo Account | ✅Yes |
💶 Spreads from | 0.8 Pips |
📊 Leverage | 1:30 |
💱 Currency Pairs | 60+ |
📈 Scalping | None |
📉 Hedging | None |
🔘Products Offered | Stock Indices, Forex Currency Pairs, Commodities, Cryptocurrencies, Volatility 75 Index (VIX) CFD |
👥Account Types | Live Trading Account |
💻Trading Platforms | Plus500 platform |
⚖️Regulation | CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA |
📙Educational Resources | Webinars, articles, tutorials |
☎️Customer Support | Multiple languages offered |
📍Focus | User-friendly platform for CFD trading. |
📌Important Note | CFDs are complex instruments and carry the risk of losing more than your initial deposit due to leverage. It's crucial to understand the risks involved before trading CFDs. |
🚀 Open an Account | 👉 Open Account (CFD Service. Your capital is at risk) |
Plus500 Commodities Trading
With Plus500 users can trade a variety of commodity CFDs including Gold, Oil, and Silver. Commodities CFDs are available for trading with up to 1:20 leverage.
Plus500 Pros and Cons
✅ Pros | ❌ Cons |
Used by 300,000+ traders | Doesn’t allow scalping |
Established in 2008 | Inactivity Fee |
Minimum deposit from $100 | Limited range of instruments |
Min Deposit
USD 100
Regulators
CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA
Trading Platform
WebTrader
Crypto
Yes (Availability subject to regulations)
Total Pairs
70+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
9. XM
XM is a fair, trustworthy, and dependable Forex Service Provider that offers access to a wide range of markets, including Forex Trading, Cryptocurrencies Trading, Commodity Trading, Stocks, Metals, and Energies Trading.
XM Overview
🔎 Broker | 🥇 XM |
💰 Min. Deposit | $5 USD |
✒️ Regulation | FSC / CySEC |
💸 Trading Fee Class | Low |
❌ Inactivity Fee | ☑️ Yes |
💳 Withdrawal Fee | No |
🆓 Demo Account | ✅ Yes |
🚀 Open an Account | 👉 Click Here |
XM Commodities Trading
XM allows investors to Trade Forex, Cryptocurrencies, Individual Stocks, Commodities, Precious Metals, Energies, and Equity Indices.
XM Pros and Cons
✅ Pros | ❌ Cons |
Fast digital account opening | Account types vary according to jurisdiction |
Min Deposit
USD 5
Regulators
FSC, CySEC, ASIC,
Trading Platform
MT4, MT5
10. IC MARKETS
IC Markets is a leading Forex service provider that offers trading solutions for active day traders and scalpers. IC Markets offers access to market-leading trading platforms, low latency connectivity, and superior liquidity.
IC Markets Overview
🔎 Broker | 🥇 IC Markets |
📌 Regulation | Regulated by ASIC (Australia), CySEC (Cyprus) |
☪️ Islamic account (swap-free) | ✔️ Yes |
📒 Demo Account | ✔️ Yes |
💰 Bonus | No Sign-up Bonus |
✴️ Institutional Accounts | ❌ No |
👨🏼💼 Managed Accounts | ❌ No |
📈 Maximum Leverage | 1:500 |
💰 Minimum Deposit | $200 USD |
📌 PAMM Accounts | Yes |
💹 Margin Call | 100% |
⛔ Stop-Out | 50% |
💷 Minimum Commission per Trade | From $3 to $3.5 |
🪙 Crypto trading offered | Yes |
🔒 Segregated Accounts | Yes |
👥Account Types | Standard, Raw Spread, True ECN |
🖥️Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader, IC Markets Raw Spread Platform |
📙Educational Resources | Webinars, market analysis, educational materials |
☎️Customer Service Hours | 24/5 multilingual customer support |
🔘 Tradeable Instruments | Forex, CFDs on indices, shares, commodities, cryptocurrencies |
📍Focus | Raw spreads, deep liquidity, advanced trading tools |
📌Important Note | CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. |
🚀 Open an Account | 👉 Click Here |
IC Markets Commodities Trading
IC Markets offers access to over 22 CFDs on Commodities to trade across the MetaTrader4, MetaTrader5, and cTrader platforms.
IC Markets Pros and Cons
✅ Pros | ❌ Cons |
Low Forex Fees | Limited Product Selection |
Easy Account Opening | Slow Chat Response |
Min Deposit
USD 200
Regulators
ASIC, CySEC, FSA, SCB
Trading Platform
MT4, MT5, WebTrader
Crypto
Yes
Total Pairs
61
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Conclusion
👉 Now it is your turn to participate:
➡️ Which Commodities Forex Broker from this list do you intend to test out?
➡️ What was the determining factor in your decision to engage with a certain broker?
➡️ Was it because of the access to trade Commodities or the Pros and Cons?
👉 Regardless, please share your thoughts in the comments below.
You might also like: AvaTrade Review
You might also like: Plus500 Review
You might also like: Pepperstone Review
You might also like: Tickmill Review
You might also like: Axi Review
Frequently Asked Questions
Can I trade commodities on margin with a commodity broker in South Africa?
Yes, many commodity brokers offer the ability to trade on margin, which allows traders to trade larger positions than they would be able to with their own capital. However, it’s important to be aware that trading on margin can increase the risk of losses as well as the potential returns.
How do commodity broker’s fees work?
Brokers for commodity trading in South Africa may charge fees for their services in a variety of ways, including commissions on trades, account maintenance fees, and platform fees. It’s important to check with the specific broker you’re interested in to find out their fee structure, and also consider if the broker’s fee structure aligns with your trading strategy and goals.
What types of commodity markets can I trade through a commodity broker in South Africa?
Commodity markets that can be traded through a commodity broker include energy markets such as crude oil and natural gas, precious metals such as gold and silver, agricultural markets such as wheat and corn, and industrial metals such as copper and aluminum.
What are the advantages of using a commodity broker?
Advantages of using a commodity broker include access to a wide range of commodity markets, professional trading tools and research, and the ability to trade with leverage, which can increase potential returns.
How do I choose a commodity broker?
When choosing a commodity broker, it’s important to consider factors such as the broker’s reputation, the trading platform they offer, the available commodity markets, the amount of leverage offered, the customer service and support, and the fees and commissions. It’s also important to read reviews and compare the offerings of multiple brokers before making a decision.
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