When it comes to Canola Commodity Forex Brokers, this commodity is without a doubt a very attractive option to multiple investors around the world and four specific trends can boost the commodities price in the future. These trends include emerging market demand, climate change, Biofuels and Health Issues respectively.
Choose your quick section of our Canola Commodity Forex Brokers below.
10 Best Handpicked Canola Commodity Forex Brokers Revealed:
Investors who are looking to start trading in this whole grain and other agricultural commodities, here is an overview of the 10 Best Globally Regulated Canola Commodity Forex Brokers and Trading Platforms to consider.
OvalX
OvalX offers investors access to over 5,000 global markets on its TraderPro trading platform, available for both smartphone and desktop device. OvalX is regulated by the FCA.
Pros and Cons
| Pros | Cons |
| Segregates client funds | Doesn’t allow scalping |
| Min. deposit from $100 | Inactivity Fee |
| Regulated by Financial Conduct Authority | Limited range of instruments |
OvalX offers over 5,137 different instruments to trade, including over 60 currency pairs all on MT4 or custom TraderPro platforms. Note: At the time of publication Futures Contracts and CFDs in the Commodities Market was made available by this Broker.
Trading Benefits
| Trading Features | Accounts offered | Funding methods |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Micro account | Bank Transfer |
| Offers STP | Mini account | Neteller |
| Standard account |
Information in regards to forex trading, the current exchange rate (USD/EUR etc), specified data on the Commodities markets, an overview of the commodities available for trade, retail investor accounts on offer, products available for trade and details on the selection of trading tools will generally be made available to all clients on the Brokerage firms official webpage. Customer Service is available via Phone, Email and Live Chat.
City Index
City Index is a world leader in spread betting, FX and CFD Trading, regulated by the FCA. The City Index trading platform offers customers a range of customisation options, which includes 16 chart types with 65+ indicators specifically designed for investors to perform technical analysis.
Pros and Cons
| Pros | Cons |
| Used by 140,000+ traders | Doesn’t allow scalping |
| Established in 1983 | Inactivity Fee |
| Regulated by Financial Conduct Authority, ASIC and MAS | Limited range of instruments |
| Min. deposit from $25 |
To open a live trading account, people who wish to invest will need a minimum deposit of at least $25. City Index offers over 12,500 different instruments to trade, including over 84 currency pairs on the ever-popular MetaTrader4 trading platform.
Trading Benefits
| Trading Features | Accounts offered | Funding methods |
| Allows hedging | Demo account | Credit cards |
| Offers STP | Micro account | Bank Transfer |
| Low min deposit | Mini account | Payoneer |
| Guaranteed stop loss | Standard account | |
| Managed account | ||
Multilingual Customer support is available by email, phone, or live chat.
Swissquote
Swissquote Bank offers traders the ability to trade in Forex, CFDs and Options on a variety of asset classes which includes Currency pairs, FX Options, Metals, Indices, Commodities and Bonds. Traders can choose to trade on a variety of trading platforms including the bank’s own Advanced Trader platform and MetaTrader 4 and 5. Swissquote Bank Ltd holds a banking licence issued by the Swiss Federal Financial Market Supervisory Authority (FINMA) and is a member of the Swiss Bankers Association.
Pros and Cons
| Pros | Cons |
| Multiple Trading Platforms | Spreads are slightly higher on average in Swiss accounts than in EU accounts
|
| Swiss accounts receive the benefit of funds held in Swiss Tier 1 bank accounts with an IBAN for seamless international trading | Confusing array of services |
| Zero-commission and from 0.0 spreads accounts | High minimum deposit amounts |
| Various plugins | |
| Great educational resources |
Trading Benefits
| Assets Offered: | Accounts offered | Funding Types: |
| Currencies | Demo | Credit |
| CFDs | Standard | Debit |
| Shares | Premium | Bank Wire Transfer |
| Stocks | Prime | Union Pay |
| Commodities | Professional | |
| Precious Metals | ||
| Bonds |
Customer support is offered in ten different languages via Live Chat, Telephone, Email and an Online Contact Form.
Forex.com
Forex.com is a platform which can be used for trading foreign currencies and precious metals. Traders can trade over 80 currency pairs as well as silver and gold.
Pros and Cons
| Pros | Cons |
| Segregates client funds | Doesn’t offer VPS |
| Established in 1999 | Not ASIC Regulated |
| Regulated by Financial Conduct Authority | |
| Min. deposit from $50 |
To open a live trading account with the company, market participants will need a minimum deposit of at least $50. Information in regards to forex trading, the current exchange rate (USD/EUR etc), specified data on the Commodities futures markets, an overview of the commodities available for trade, retail investor accounts on offer, products available for trade and device options will generally be made available to all clients on the Brokerage firms official webpage.
Trading Benefits
| Trading Features | Accounts offered | Funding methods |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Mini account | Bank Transfer |
| Offers STP | Standard account | |
| Low min deposit | ECN account | |
| Islamic account |
Customer support is available by phone, live chat, or email 24 hours a day during market hours.
FXCM
Forex Capital Markets Limited or FXCM is a Spread Betting, CFD and Forex trading broker available in the Forex Market, authorised and regulated by the UK’s FCA under the Forex Capital Markets Limited and is part of the Leucadia Company, which offers users the ability to trade on Forex, Forex Baskets, Indices, Commodities and Crypto on its own proprietary Trading Station platform for Desktop, Web and Mobile, as well as on MetaTrader 4, NinjaTrader and ZuluTrade.
Pros and Cons
| Pros | Cons |
| Segregates client funds | Limited range of instruments |
| Established in 1999 | |
| Regulated by Financial Conduct Authority | |
| Min. deposit from $1 |
FXCM offers traders 4 main types of trading accounts to choose from, including Spread Betting, CFD Trading, Active Trader and Professional Clients. A Free Demo account is also made available alongside multiple trading options. Note: At the time of publication, Commodity Futures, Futures Contracts and CFDs in the Commodity Market was made available by this Broker.
Trading Benefits
| Trading Features | Accounts offered | Funding methods |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Mini account | Bank Transfer |
| Offers STP | Standard account | Payoneer |
| Low min deposit | Islamic account |
Customer Support is available via Live Chat, Phone, Email and SMS.
OANDA
OANDA is a globally regulated Forex and CFD broker in the Foreign Exchange Market which provides forex traders with corporate Forex solutions and currency conversion. Users have the choice to trade on Forex, Indices, Metals, Commodities and Bond CFDs on the broker’s own proprietary trading platform for desktop, web and mobile, as well as on MetaTrader 4.
Pros and Cons
| Pros | Cons |
| Accepts U.S. clients | No account protection for U.S. clients |
| Regulated by FCA and NFA | No guaranteed stop losses for U.S. or U.K. clients |
| Well-designed platforms | Traders cannot access cryptocurrencies or single-stock CFDs |
| Superior research offerings | A lot of ancillary fees |
OANDA is the most Regulated Forex Broker and operate across six of the most credible authorities.
Trading Benefits
| Trading Features | Account Offered | Funding Methods |
| Mobile Trading | Standard | Wire Transfer |
| Excellent Charting Tools | Premium | Credit/Debit |
| Educational Materials | PayPal |
Customer support is available via a FAQ section, a OANDA Virtual Assistant and phone.
CMC Markets
CMC Markets is a multi-asset class spread betting and CFD broker which is regulated by the UK’s Financial Conduct Authority (FCA). Clients have the ability to trade on more than 9,000+ trading instruments covering Indices, Forex, Cryptocurrencies, Commodities, Shares and Treasuries, all on the MetaTrader 4 platform or the broker’s own proprietary, web-based Next Generation platform.
Pros and Cons
| Pros | Cons |
| Extensive range of offerings | Does not accept U.S. clients |
| Regulated by FCA (U.K.) | Differences between Next Generation and MT4 |
| Emphasis on education & customer service | High CFD spreads for certain indices |
| Research amenities are industry leading | No back-testing or automated trading capabilities |
CMC Markets offers a wide range of instruments to trade on covering all major asset classes such as 300+ Forex instruments, 60+ Indices, 15 Cryptocurrencies, 90+ Commodities, 30+ Treasuries and 9,000+ Shares and ETFs.
Trading Benefits
| Trading Features | Accounts Offered | Funding Methods |
| No Deposit Bonus | CMC Markets CFD Account | Wire Transfer |
| Stop Loss | CMC Corporate Account | Credit Card |
| CMC Stockbroking Account | e-Wallets | |
| CMC Spread Betting Account | ||
| CMC Markets Professional Account |
Customer support is available 24/5 via Live Chat, Telephone, and Email.
Saxo Bank
Saxo is a globally regulated, multi-asset class broker which offers traders the option to trade on more than 40,000 instruments covering Forex, CFDs, Stocks, Options, ETFs, Commodities, Bonds and Mutual Funds from a single account across multiple platforms including their own – SaxoTraderGO and professional-grade SaxoTraderPRO.
Pros and Cons
| Pros | Cons |
| Segregates client funds | Doesn’t allow hedging |
| Established in 2012 | Limited range of instruments |
| Regulated by Financial Conduct Authority | Not ASIC Regulated |
| Min. deposit from $6,500 |
The Saxo Group is regulated in 15 jurisdictions including authorisation from the UK Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Financial Services Agency of Japan (FSA) and many more.
Trading Benefits
| Trading Features | Accounts offered | Funding methods |
| Allows scalping | Demo account | Credit cards |
| Offers STP | Mini account | Bank Transfer |
| Low min deposit | Standard account | Payoneer |
| ECN account |
Customer support is available in nearly 30 different languages via phone, email and an FAQ section.
IG
IG Group was founded in 1974 and is regulated by the Financial Conduct Authority (FCA) in the U.K. and the Australian Securities and Investment Commission (ASIC) in Australia.
Pros and Cons
| Pros | Cons |
| Used by 178,000+ traders | Inactivity Fee |
| Established in 1974 | Limited range of instruments |
| Regulated by Financial Conduct Authority and ASIC | |
| Min. deposit from $250 |
The country of a traders residency will determine which account type they can open. In most countries, they will only be able to trade forex, CFDs and options. Traders can choose between two trading platforms, IG’s proprietary trading platform or MetaTrader 4. Note: At the time of publication, Commodity Futures and CFDs in the Commodities Market was made available by this Broker.
Trading Benefits
| Trading Features | Accounts offered | Funding methods |
| Allows scalping | Demo account | Credit cards |
| Allows hedging | Mini account | Bank Transfer |
| Offers STP | Standard account | PayPal |
| Low min deposit | Payoneer | |
| Guaranteed stop loss |
Information in regards to forex trading, the current exchange rate (USD/EUR etc), specified data on the Commodities futures markets, an overview of the commodities available for trade, retail investor accounts on offer, products available for trade, details on currency trading and the selection of trading tools will generally be made available to all clients on the Brokerage firms official webpage. Customer Service is available 24/7 via Phone, Live Chat and Email.
IQ Option
IQ Option is a broker developed under the IQ Option Europe company which was founded in 2013. IQ Option contains a CySEC license Cyprus Securities and Exchange Commission from Cyprus, with permission to provide its financial services within the European Economic Area zone, with several licenses from other EU local jurisdictions. IQ Option offers its clients services in binary options, stocks and shares, currencies, and ETF trading.
Pros and Cons
| Pros | Cons |
| Regulated by the Cyprus Securities and Exchange Commission (CySEC) | Does not provide MT4 and MT5 trading platforms |
| Easy and convenient method of opening an account | Not available for traders in the US, Canada, Australia, Japan, and other countries |
| Wide range of trading instruments on offer | |
| No deposit and withdrawal fees |
IQ Option provides clients with a proprietary platform which is also used for CFDs and for binary options trading. Traders can also install the mobile trading app which is provided free of charge. The mobile trading app has been designed specifically for use on smartphones and mobile devices and allows traders to check their account status, keep updated with all the developments in the market as well as to execute trades. Information in regards to forex trading, the current exchange rate (USD/EUR etc), specified data on the Commodities futures markets, an overview of the commodities available for trade, retail investor accounts on offer, products available for trade, details on currency trading and the selection of trading tools will generally be made available to all clients on the Brokerage firms official webpage.
Trading Benefits
| Trading Features | Accounts Offered | Funding Methods |
| Low min. deposit | Standard | Alipay |
| Low Spreads | VIP | Credit Card |
| Regulated by CySec | Demo | MoneyGram |
| Perfect Money | ||
| QIWI | ||
| Skrill | ||
| Wire Transfer |
Note: At the time of publication, Commodity Futures and CFDs in the Commodity Market was made available by this Broker. The IQ Options trading platform and website are available to traders in thirteen different languages and allows traders to choose the currency to trade with. The selections of currencies are: GBP, RUB, EUR, IDR, USD, MUR, and Yuan. Customer service is available via email, live chat or the telephone.
Conclusion
Canola is a very valuable commodity in which to invest. Investors, however, should keep a close eye on the Canadian Market as the largest share of the global supply comes from this country. Similar to other commodities, a wide range of factors can influence the commodities price, and clients must ensure they make an informed decision before signing on the proverbial dotted line.
Canola oil is a vegetable oil derived from a variety of rapeseed which is low in erucic acid. This commodity is classified as agricultural and can be speculated on via various trading instruments. According to geolocation data, the largest amount (total volume) of this commodity is produced in Canada at approximately than 25% of the global supply coming from this country.
FAQs
Are there risks associated to Canola trading?
Yes. Factors such as a strong U.S dollar, Overproduction and even Bad Health related News can have a negative on the commodity and its price.
In which ways can I Trade Canola?
The commodity can be traded via Futures, Options, Canola Company Stocks and CFDs.
In what Currency is Canola quoted?
Canola and other commodities are quoted in U.S dollars.
Top 4 Brokers
