15 Best Palm Oil Commodity Forex Brokers

When it comes to Palm Oil Commodity Forex Brokers, aside from Forex Trading, clients can invest in Palm Oil through the use of a stock broker.  Stock Brokers will give clients access to stock markets in London, Singapore, Malaysia and Indonesia.

Choose your quick section of our Palm Oil Commodity Forex Brokers below.

10 Best Handpicked Palm Oil Commodity Forex Brokers Revealed:

• ✔️Dukascopy
• ✔️eToro
• ✔️IC Markets
• XTB
• AvaTrade
• Roboforex
• FP Markets
• XM Group
• Pepperstone
• Trading 212

Palm oil is an edible vegetable oil which is derived from the  fruit of the oil palms, primarily the African oil palm Elaeis guineensis,  the American oil palm Elaeis oleifera and the maripa palm Attalea maripa.  Even though Palm Oil investment is not illegal, it does carry a risk as the use of palm oil in the production of food and beauty products have attracted interest and concern from environmental groups.

Dukascopy

Dukascopy is an online forex & CFD broker headquartered in Geneva, Switzerland with 2 subsidiaries operating in the online trading space: Dukascopy Europe IBS AS based in Latvia and Dukascopy Japan K.K. based out of Tokyo. The two subsidiaries are regulated by their respective countries.  Dukascopy Bank is a major Swiss financial institution, which as a whole is regulated by the Swiss Financial Market Supervisory Authority (FINMA), both as a bank and a securities dealer.

Pros and Cons

Trading instruments on offer include forex, CFDs based on cryptocurrencies, indices, bonds, stocks, and commodities, as well as binary options across the  MetaTrader 4 (MT4) and JForex trading platforms. Accounts on offer are live, demo and a gold account. The account minimum will depend on the account option chosen by the trader.

Trading Benefits

Customer service is available via social media, live chat and a  call-back request.

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 MetaTrader 4, MetaTrader 5 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. The account minimum will depend on the account option chosen by the trader.

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 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).

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. Note, The account minimum will depend on the account option chosen by the investor.

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.

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. The account minimum will depend on the account option chosen by the investor.

Trading Benefits

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

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 MetaTrader 4,  MetaTrader 5 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. The account minimum will depend on the account option chosen by the investor.

Trading Benefits

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

Trading 212

Trading 212 are an online broker which was founded in 2006 and offers Stocks trading, Forex trading, Commodities trading, and Indices trading.  Trading 212 are a global broker and has a head office situated in UK.  Trading 212 is Regulated by the Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) and is used by over 14,000,000 traders.

Pros and Cons

Trading 212 are the UK’s number one trading and investment app with over 14,000,000 downloads, thus a large userbase but is not available in the following countries: US

Trading Benefits

Trading 212 offers an outstanding, highly responsive customer service team available 24 hours a day across a variety of platforms and in 16 different languages.

EasyMarkets

EasyMarkets is one of the most popular choices for Beginners and is regulated by CSEC (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.

HYCM

HYCM is an online broker which was founded in 1977 and offers Forex and CFDs trading on the popular MT4 forex trading platform plus mobile apps for Android and iOS.

Pros and Cons

Traders starting off with HYCM will need to make a minimum deposit of at least $100 and have the choice to sign up for a demo account perfect for various levels of traders, experienced or novice. A wide variety of instruments and currency pairs are available for trade: Over 100 instruments, Over 40 currency pairs. The account minimum will depend on the account option chosen by the investor.

Trading Benefits

HYCM customer service is available through WhatsApp, Skype, Viber, Telegram Instant messaging services, Facebook Chat and Phone – 24/5.

TD Ameritrade

TD Ameritrade is one of the largest online brokers to date. TD Ameritrade is overseen by top-tier US regulators like the SEC and FINRA.

Pros and Cons

TD Ameritrade offers investors a large array of account offerings, an extensive range of investment choices, educational resources, and diverse trading platforms. TD Ameritrade also makes tradable Securities including Stocks, Bonds and Mutual Funds available to their clients.

Trading Benefits

TD Ameritrade Customer Service is available via Phone and Email.

Interactive Brokers

Interactive Brokers was founded in 1978 and is regulated by multiple financial authorities including the UK’s Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC).

Interactive Brokers offers many account types, which fall into two big groups:

• accounts for individual traders and investors
• accounts for institutions

Pros and Cons

Trading Benefits

Traders can choose between two different web trading platforms:  The Client Portal and WebTrader and IBKR Mobile, Interactive Broker’s mobile trading platform, is available both for iOS and Android.  Users can trade on Stock, Forex, Option and Futures – to name but a few. Customer Service is available 24/7 via Live Chat, Phone and Email.

Ally Invest

Ally Invest is part of a financial services company which includes banking, lending, and an online brokerage formerly known as Trade King.  Ally Invest is best suited to Ally Bank clients who are interested in investing, active traders and options traders.

Pros and Cons

Ally Invest offers commission-free trades for eligible U.S. stocks, options and exchange-traded funds (ETFs) and provides clients with a  Browser-based platform with free screening tools, customizable charting, research and real-time data.

Trading Benefits

Customer Service is made available via phone, email and chat.

Reasons to Trade Palm Oil

Popular reasons for trading Palm Oil includes Inflation Hedge, Bet on demand growth and Portfolio diversification. 

Main Uses of Palm Oil

Food / Edible Products

Palm oil is rich in carotenoids and vitamins D, E and K plus a high resistance to oxidization, giving edible products a long shelf life. In addition to its use as a frying oil, palm oil can be found in Margarine, Non-dairy creamers, Ice cream, Cookies and Cereals

Consumer Items

Multiple everyday consumables contain palm oil, including Soaps, Candles, Detergents and Cosmetics.

Animal Feed

Palm Kernel is used in some brands of animal feed.

Biofuels

Palm Oil is often used in the production of biodiesel.

Factors affecting crude palm oil (CPO) prices

While crude oil is a widely traded commodity around the world, market research indicates that the commodity has lost its popularity over recent years. A multitude of factors may affect the price of Palm oil,  including supply, demand, environmental impact and  substitution.  The main reason for its drop in popularity is deforestation.  Deforestation has a major environmental impact, which can tie in with all other factors mentioned.

Palm Oil Trading options – An overview

Palm Oil Futures

The Chicago Mercantile Exchange or CME has two contracts on offer which tracks the price of palm oil.  The two contracts are:

• The USD-denominated Malaysian Crude Palm Oil Calendar Futures (CPO)
• The USD-denominated Malaysian Palm olein Calendar Futures (OPF)

The crude palm oil future tracks the price of unrefined palm oil, whereas the palm olein tracks the price of refined oil. Futures refer to a derivative instrument through which investors will make leveraged bets on commodity prices. If the prices decline, traders will be required to deposit additional margin in order to maintain their positions. Both contracts are financially settled.

Palm Oil Options on Futures

The CME will offer an average price options contract on USD Malaysian Crude Palm Oil. Options are derivative instruments which employs leverage in order to trade commodities. As with futures, options will come with an expiration date. However, options also carry a strike price, which refers to the price above which the option finishes in the money. Options buyers will pay a price best known as a premium in order to purchase contracts and the options bet will only succeed if the price of the crude palm oil futures rises above the strike price by an amount which is larger than the premium paid for the contract.   Options traders must be 100% certain about the size and timing of the moves they make in crude palm oil futures.  This has to be done in order for clients to make profit from their trades.

Palm Oil ETF Trades

Palm Oil ETF trades as shares on exchanges much in the same way as stocks. There are no ETF trades which specifically covers palm oil but traders who are looking for exposure can buy country funds in Indonesia and Malaysia.

Contracts for Difference ( CFDs)

Another popular way of trading palm oil is through the use of a contract for difference (CFD) derivative instrument. CFDs will allow traders to speculate on the price of palm oil.

Regulated Brokers: Where Can I Trade Palm Oil?

Our overview of the Best Regulated Brokerage Firms available for Palm Oil trading will give you a valuable list regarding Forex Brokers who trade this valuable commodity

Conclusion

All brokers available for Palm Oil trading are trustworthy and well-regulated. Even though the selection may be large, Palm Oil has lost its level of popularity in a world which is choosing to “go green”.

FAQs

What is crude palm oil?

Crude palm oil or CPO, is a plant-based oil which is derived from the pulp of the fruit from oil palms.

Why is palm oil valuable?

The commodity has a higher-than-average output per hectare compared to other vegetable oils.

What is the top Palm Oil producing countries?

Indonesia, Malaysia and Thailand respectively.