10 Best Orange Juice Commodity Forex Brokers

When it comes to Orange Juice Commodity Forex Brokers, trading Orange juice in the foreign exchange and futures markets has seen a massive increase in popularity and trading volume across the globe. OJ is one of the world’s most popular fruit juices and trading the commodity attracts a wide variety of market participants, including farmers, processors, storage-houses, market makers and arbitrageurs.

Choose your quick section of our Orange Juice Commodity Forex Brokers below.

Our 10 Best Handpicked Orange Juice Commodity Forex Brokers Revealed:

• ✔️eToro
• ✔️IC Markets
• ✔️XTB
• AvaTrade
• Roboforex
• FP Markets
• Pepperstone
• EasyMarkets
• XM Group
• FXPrimus

Multiple financial instruments, including futures and options, are available to investors who are interested in trading orange juice. This article discusses options for trading on orange juice contracts, trading scenarios, orange juice trading markets. Here is an overview of the 10 Best Globally Regulated Orange Juice Forex Brokers and Trading Platforms suited to Orange Juice Investment.

eToro

eToro is an online broker which was founded in 2006 and offers CFDs and Social Trading, with a head office based in Cyprus, UK.  eToro is supervised by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies and has been in operation for over 14 years.

Pros and Cons

eToro offers traders two ways to trade: CFDs, Social Trading and eToro traders will need to make a minimum deposit of $200 and the platform can accommodate various levels of traders from beginner to expert.  Traders can trade in a wide variety of over 100 instruments and over 50 currency pairs on eToro’s user-friendly custom trading platform which is available as a browser-based web application. eToro also offers traders mobile apps for Android and iOS, making it easier to keep an eye on and execute trades.

Trading Benefits

eToro supports a wide range of languages including English, German, Spanish, French, and Italian.  24/6 customer support is available via telephone and support ticket.

IC Markets

IC Markets is a regulated Forex ECN and CFD broker which offers more than 236+ financial instruments across Forex, Commodities, Indices, Bonds, Cryptocurrency, Stocks and Futures on the MetaTrader4, MetaTrader5 and cTrader platforms for desktop, web and mobile.  IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), as well as the Seychelles Financial Services Authority (FSA).

Pros and Cons

IC Markets offers traders three main types of live trading accounts to choose from, including  Raw Islamic swap-free accounts and the use of a free demo trading account.

Trading Benefits

Customer support is available 24/7 via Live Chat, Phone and Email.

XTB

XTB is a European broker which was founded in 2002, and has offices in 13 countries across the globe.  XTB is regulated by the UK Financial Conduct Authority (FRN 522157) and has been listed on the Warsaw Stock Exchange since 2016. XTB is a fintech company which combines financial services with innovative technology and it offers clients two platforms to choose from:

• xStation5
• MT4

Pros and Cons

Traders can choose from 25 crypto CFDs (9 individual coins or 16 crypto pairs) which are available 7 days a week (from 3am Saturday to 9pm Friday). Traders can buy or sell digital coins with 2:1 leverage and 365-day expiry.

Trading Benefits

XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

AvaTrade

AvaTrade is an online broker which was founded in 2006 and offers Forex, CFDs, Spread Betting and Social Trading and is a global broker with their head office situated in The British Virgin Islands. AvaTrade is regulated in Europe, the British Virgin Islands, Australia, Japan, and South Africa by ASIC, CySEC and FCA.

Pros and Cons

For those who are looking to start out with AvaTrade will need a minimum deposit of $250 and a demo account is available for those who want to get acquaint with the popular MT4 forex trading platform.  AvaTrade also offer mobile apps for Android and iOS.

Trading Benefits

Customer support is available by email, phone, or live chat.

Roboforex

Roboforex are an online, global broker which was founded in 2009 and offers traders Forex and CFDs trading.  Roboforex is authorized and regulated by the International Financial Services Commission (IFSC) with license number IFSC/60/271/TS.

Pros and Cons

When starting off with Roboforex traders will need to make a minimum deposit of $1 and there is an option available for a demo account for those who would like to get acquainted with the platform.  Roboforex can accommodate various levels of traders, from experienced to beginner, and they can trade a wide variety of instruments and currency pairs.  Roboforex offers over 100 instruments and over 35 currency pairs in total.   Roboforex offers traders both of the Metatrader platforms; MT4 and MT5 plus the cTrader platform developed for traders.   Roboforex also offer mobile apps for Android and iOS.

Trading Benefits

Customer support is available via phone, Webchat, WeChat, Skype, Viber, Telegram, Facebook chat, WhatsApp, email and a call-back request.

FP Markets

FP Markets is a global, online broker regulated by the Australian ASIC and the Cypriot CySEC which was founded in 2005 and offer Forex trading and has a head office situated in Australia. When starting off with FP Markets traders will need to make a minimum deposit of $100 and a demo account is on offer with a wide variety of instruments and currency pairs on offer. Over 100 instruments and over 60 currency pairs in total are on offer, on the popular MT4 forex trading platform.  FP Markets also offers traders mobile apps for Android and iOS.

Pros and Cons

Trading Benefits

All accounts support a wide range of languages including English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish, Indonesian, Thai, Malay, German, Vietnamese. Customer Service is available via email, phone and live chat.

Pepperstone

Pepperstone was founded in 2010 and is regulated by the Australian Securities and Investments Commission (ASIC), as well as the UK’s Financial Conduct Authority (FCA).

Pros and Cons

Trading platforms on offer include MetaTrader4,  MetaTrader5 and cTrader. All three FX trading platforms come with a free demo account which will allow traders to test out the forex broker and platform for 30 days.

Trading Benefits

Pepperstone offers 24/5 multiple language support via email, phone and live chat.

EasyMarkets

EasyMarkets is one of the most popular choices for Beginners and is regulated by CySEC (Cyprus) and ASIC (Australia) and offers beginner forex traders:

• Enhanced risk management tools as standard
• Fixed spreads on all forex pairings
• An easy-to-use forex trading platform

Pros and Cons

The available trading platforms offered are MT4 and the EasyMarkets web platform.

Trading Benefits

Customer Support is available 24/5 via  various chat channels, email, phone and web forms.

XM Group

XM Group (XM) is a group of regulated online brokers regulated by the Cyprus Securities and Exchange Commission.

Pros and Cons

XM offers traders more than 1000 financial instruments to trade on both the MT4 and MT5 platforms, including Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs and Energies CFDs.  Forex trading is available on over 55 pairs, including the major USD, GBP, EUR and JPY pairs.  Traders must take note that XM does not offer binary options or futures.

Trading Benefits

Customer Service is available via live chat, Phone and email support.

FXPrimus

FXPrimus is an online broker founded in 2009 offering Forex trading, and Social Trading, and is global broker with a head office in Cyprus. FXPrimus is Regulated by the Cyprus Securities and Exchange Commission (CySEC) and the markets in financial instruments directive (MiFID).

Pros and Cons

FXPrimus has won numerous industry awards over the 11 years a wide variety of instruments and trading currency pairs.  FXPrimus offers over 125 different instruments to trade, including over 43 currency pairs.

Trading Benefits

Customer Support is available via email, webform, phone and live chat.

Ways To Trade Orange Juice

Traders have a few choices when it comes to Orange Juice Trading. Here is a short overview of each option.

Orange Juice Futures

The Intercontinental Exchange or ICE will offer investors a contract on FCOJ which settles into 15,000 pounds of orange juice solids. The futures contract carries the following expiration months:  January, March, May, July, September, and November. Futures are derivative instruments through which traders can make leveraged bets on commodity prices. If the prices decline, traders will be required to deposit additional margin in order to maintain their positions. At expiration of the contract, the contract will be physically settled with delivery.

Orange Juice Options On Futures

The ICE will also offer investors an options contract on FCOJ. Options, similar to futures are derivative instruments which employs leverage to invest in commodities. As with futures, options will carry an expiration date. However, options also have a strike price.  The strike price refers to the price above which the option finishes in the money. Options buyers will pay a price known as a premium to purchase contracts.

Orange Juice ETFs

Orange Juice ETFs are financial instruments which trade as shares on exchanges in a similar way as stocks. Currently, there is no ETF which specifically invests in orange juice. However, the Elements Rogers International Commodity Agriculture Total Return ETN trades in a very broad basket of commodities available. Orange juice represents less than 2% of the holdings in this fund.

Orange Juice Company Shares

It is impossible to get pure-play exposure to orange juice prices through the equity market as most orange groves are privately owned.

Orange Juice CFDs

A very popular way for traders to invest in orange juice is through the use of a contract for difference  or CFDs. CFDs will allow investors to speculate on the price of FCOJ. The value of a CFD will refer to the difference between the price of FCOJ at the time of purchase and its current price. The advantage of CFDs is that investors will gain exposure to FCOJ prices without having to purchase an asset.

What moves the price of orange juice?

As with most commodities, the price of orange juice will be notably affected by supply and demand. Essentially, if more consumers are interested in buying orange juice than selling it, the price will rise as it is more sought-after and the demand will outweigh the supply. On the other hand, if the supply of Orange juice is greater than the demand, the price will fall.

Other factors which can move the price of orange juice include:

Weather

Weather conditions can greatly affect the supply of oranges by increasing or reducing the yield of a region’s orange crop. According to agricultural data, orange trees will grow best in areas which have 40-45 inches of rainfall annually, and will not flourish in regions with extended periods of cold weather.  Hurricanes and extended drought could greatly reduce the global supply of oranges in any given year, which would see the price of Orange Juice drastically rise.

Diseases in orange crops

Diseases like Citrus greening in orange crops can also noticeably affect the supply. Citrus greening is the most commonly found disease known to affect orange groves. This disease is caused by an insect called the Asian citrus psyllid and unfortunately there is no known cure once a tree has been infected. The psyllid infects the tree with a bacterium which obstructs the orange tree’s ability to take in nutrients.  This will ultimately lead to much smaller and less ripe oranges being produced.  This disease is currently rife in the U.S

The Consumer demand for orange juice

Data from the U.S Department of Agriculture shows that the global consumption of oranges has seen a global decline in the past and many commentators have attributed the drop in consumer demand for orange juice to health concerns.  The increased awareness about the sugar content of fresh fruit juices, as well as the fact that people have adapted their way of food consumption, has seen other commodities like “coffee on the go” taking the top spot at breakfast.  The drop in consumer demand, paired with the diseases like citrus greening and weather conditions, has caused American orange production to severely decrease.

The Economic performance of top orange producing countries

Brazil is the world’s leading producing country when it comes to oranges, with China and Europe ranking as the largest consumers. A fall in economic performance in either China or Europe may cause their level of consumption to decrease which, assuming that Brazilian supply remained constant, could cause a price fall in global orange prices. During periods of economic uncertainty consumers do tend to cut back on all non-essential purchases, which in some case may include orange juice. If this occurs in one of the big orange-importing economies, the effects would certainly be felt in the orange growing and orange juice manufacturing industries.

Strength of the US dollar

Commodity prices have a tendency to drop when the exchange rate of the U.S dollar strengthens against other major currencies in the world, and again increase when the U.S dollar weakens. This is largely due to the fact that most commodities are priced in U.S dollars. When the dollar increases or decreases in value, investors tend to have increased or decreased levels of purchasing power on the commodity markets.

Conclusion

Interest as well as diversification requirements have led to traders looking beyond the ordinary investment opportunities. Orange juice has been known to be a highly volatile soft commodity in recent years, which makes it a high-risk trading asset.

FAQs

Why do investors speculate on Orange Juice as a part of a diversified basket of commodities?

The two main goals which commodity traders want to accomplish by speculating on Orange Juice as part of a diversified basket of commodities  is the protection against inflation and the volatility of individual commodities.

What Is The Supply and Demand Outlook For Orange Juice?

Although the demand picture for orange juice has been weak in certain countries in the world, the supply outlook as a whole still looks very promising.

What is the risk of trading Orange Juice?

All commodities carry risk factors, and concerns such as health, disease and global warming may be seen as red flags.