
When it comes to
Tin Commodity Forex Brokers,
Tin is a
metal commodity which is used in a variety of industries and when the element is refined, creates a soft, pliable, silvery-white metal. The element is known for resisting corrosion and is often used as a protective coating for other metals
Choose your quick section of our
Tin Commodity Forex Brokers below.
10 Best Handpicked Tin Commodity Forex Brokers Revealed:
Tin also forms useful alloys when used in combination with many other common metals such as copper.
Commodity trading as a whole has seen a notable rise in popularity in the
foreign exchange market.
🏆10 Best Forex Brokers in South Africa
| Rank | Broker | Broker Review | Regulators | Minimum Deposit | Visit Broker |
|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | $100 | |
| 🥈 |  | Read Review | FSCA, FCA, DFSA, FSA, CMA | $0 | |
| 🥉 |  | Read Review | CySEC, IFSC, DFSA, FCA | $5 | |
| 4 |  | Read Review | ASIC, CySEC, FSA, SCB | $200 | |
| 5 |  | Read Review | FSA, FSCA | $250 | |
| 6 |  | Read Review | FSA, FSC, FSCA, ASIC, CMA | $20 | |
| 7 |  | Read Review | FSC, FSCA | $50 | |
| 8 |  | Read Review | ASIC, CySEC, FSCA, FSA, FSC, CMA | $100 | |
| 9 |  | Read Review | CySEC, MWALI, FSCA | $25 | |
| 10 |  | Read Review | FSA, CySEC, FSCA, FSC | $10 | |
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
| Pros |
Cons |
| Used by 6,000,000+ traders |
Doesn’t allow scalping |
| Established in 2006 |
Inactivity Fee |
| Regulated by Financial Conduct Authority, CySEC, ASIC |
Limited range of instruments |
| Min. deposit from $200 |
|
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
| Trading Features |
Accounts offered |
Funding methods |
| Offers STP |
Demo account |
Credit cards |
| Low min deposit |
Micro account |
Bank Transfer |
|
Mini account |
PayPal |
|
Standard account |
Skrill |
|
Islamic account |
Payoneer |
|
|
Neteller |
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.
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 is on offer, on the popular MT4
forex trading platform.
FP Markets also offers traders mobile apps for Android and iOS.
Pros and Cons
| Pros |
Cons |
| Low Forex Fees |
High Stock CFD fees |
| Easy Account Opening |
Limited Product Portfolio |
| Quick Deposit and Withdrawal |
Outdated Platform |
Trading Benefits
| Trading Benefits |
Accounts Offered |
Funding Methods |
| Allows scalping |
Mini |
Bank Transfer |
| Allows hedging |
Standard |
Credit/Debit |
| Offers STP |
ECN |
Electronic Wallets |
| Low min deposit |
STP |
|
| Offers Negative Balance Protection |
Managed |
|
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
| Pros |
Cons |
| Low stock CFD and withdrawal fees |
Limited product portfolio |
| Easy and fast account opening |
Average forex and stock index CFD fees |
| Great educational tools |
No investor protection for non-EU clients |
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
| Trading Features |
Accounts Offered |
Funding Methods |
| Negative Balance Protection |
Micro |
Wire Transfer |
| Low Spreads |
Standard |
Credit/Debit |
| Low Commission |
XM Zero |
Neteller |
| Hedging Allowed |
|
UnionPay |
| Scalping Allowed |
|
WebMoney |
|
|
Qiwi |
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
| Pros |
Cons |
| Segregates client funds |
Limited range of instruments |
| Established in 2010 |
|
| Min. deposit from $200 |
|
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
| 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 |
MAM/PAMM account |
Skrill |
| Offers Negative Balance Protection |
Islamic account |
Payoneer |
|
|
Neteller |
Pepperstone offers 24/5 multiple language support via email, phone and live chat.
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
| Pros |
Cons |
| Segregates client funds |
Limited range of instruments |
| Established in 2007 |
Not FCA Regulated |
| Regulated by ASIC |
|
| Min. deposit from $200 |
|
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
| 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 |
Zero spread account |
Skrill |
|
ECN account |
Neteller |
|
Islamic account |
|
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:
Pros and Cons
| Pros |
Cons |
| Lowest FX spreads |
Does not accept U.S. clients |
| Regulated by FCA (U.K.) |
Non-FX spread costs are high |
| Offers protection for client accounts |
No guaranteed stop loss |
| Emphasis on customer service |
No back-testing or automated trading capabilities |
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
| Trading Features |
Accounts offered |
Funding methods |
| Allows scalping |
Demo account |
Credit cards |
| Allows hedging |
Micro account |
Bank Transfer |
| Offers STP |
Mini account |
PayPal |
| Low min deposit |
Standard account |
Skrill |
| Guaranteed stop loss |
Islamic account |
Payoneer |
| Offers Negative Balance Protection |
|
Neteller |
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
| Pros |
Cons |
| Used by 200,000+ traders |
Doesn’t offer VPS |
| Established in 2006 |
Not FCA Regulated |
| Regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI |
|
| Min. deposit from $100 |
|
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
| Trading Features |
Accounts offered |
Funding methods |
| Allows scalping |
Demo account |
Credit cards |
| Allows hedging |
Micro account |
Bank Transfer |
| Low min deposit |
Mini account |
PayPal |
|
Standard account |
Skrill |
|
Islamic account |
Payoneer |
|
|
Neteller |
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
| Pros |
Cons |
| Segregates client funds |
Limited range of instruments |
| Established in 2009 |
Not FCA Regulated |
| Regulated by IFSC Belize |
|
| Min. deposit from $10 |
|
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
| Trading Benefits |
Accounts Offered |
Funding Methods |
| Allows scalping |
Micro |
Credit cards |
| Allows hedging |
Mini |
Bank Transfer |
| Offers STP |
Standard |
Payoneer |
| Low min deposit |
Zero |
Neteller |
|
ECN |
|
|
STP |
|
|
Islamic |
|
Customer support is available via phone, Webchat, WeChat, Skype, Viber, Telegram, Facebook chat, WhatsApp, email and a call-back request.
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
| Pros |
Cons |
| Segregates client funds |
Doesn’t offer VPS |
| Established in 2003 |
Limited range of instruments |
| Regulated by CySEC and ASIC |
Not FCA Regulated |
| Min. deposit from $1 |
|
The available trading platforms offered are
MT4 and the
EasyMarkets web platform.
Trading Benefits
| Trading Features |
Accounts offered |
Funding methods |
| Allows scalping |
Demo account |
Credit cards |
| Allows hedging |
Micro account |
Bank Transfer |
| Low min deposit |
Mini account |
Payoneer |
| Guaranteed stop loss |
Standard account |
Neteller |
| Offers Negative Balance Protection |
Islamic account |
|
Customer Support is available 24/5 via various chat channels, email, phone and web forms.
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.
Pros and Cons
| Pros |
Cons |
| Segregates client funds |
Limited range of instruments |
| Established in 2009 |
Not FCA Regulated |
| Regulated by CySEC, MiFID |
|
| Min. deposit from $100 |
|
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
| Trading Features |
Accounts offered |
Funding methods |
| Allows scalping |
Demo account |
Credit cards |
| Allows hedging |
Micro account |
Bank Transfer |
| Offers STP |
Mini account |
Payoneer |
| Low min deposit |
Standard account |
Neteller |
|
ECN account |
|
|
Managed account |
|
|
Islamic account |
|
Customer Support is available via email, webform, phone and live chat.
Forex Time (FXTM)
FXTM or
ForexTime was founded in 2011 and is a registered brand name of Exinity Limited, regulated by the
Financial Services Commission of Mauritius with license number C113012295.
FXTM offers users seven different accounts types where the execution method, range of markets, available platform, and commissions and fees may vary. Three accounts are offered under the Standard category.
Forex Time (FXTM) is a Metatrader broker which offers forex and CFD traders multiple account options for both MT4 and MT5 platforms.
Pros and Cons
| Pros |
Cons |
| Segregates client funds |
Limited range of instruments |
| Established in 2011 |
Not ASIC Regulated |
| Regulated by CySEC |
|
| Min. deposit from $10 |
|
FXTM provides research in the form of daily technical and fundamental news analysis provided by an in-house team of analysts.
Trading Benefits
| Trading Features |
Accounts offered |
Funding methods |
| Allows scalping |
Demo account |
Credit cards |
| Allows hedging |
Micro account |
Bank Transfer |
| Offers STP |
Mini account |
Payoneer |
| Low min deposit |
Standard account |
Neteller |
| Offers Negative Balance Protection |
Zero spread account |
|
|
ECN account |
|
|
Islamic account |
|
Customer Service is available via phone, email, online chat options – WhatsApp, live chat, Viber, Telegram or Messenger.
Markets.com
Markets.com offers traders access to the world’s most traded CFDs using instruments such as shares, currencies, indices, bonds, ETFs and commodities. Markets.com is regulated by the Cyprus Securities and Exchange Commission (
CySEC).
Pros and Cons
| Pros |
Cons |
| Segregates client funds |
Doesn’t offer VPS |
| Established in 2008 |
Inactivity Fee |
| Regulated by CySEC, Financial Services Board |
Limited range of instruments |
| Min. deposit from $100 |
Not FCA Regulated |
To open a live account, traders will need to make a minimum deposit of at least $100.
Markets.com offers over 2,146 different instruments to trade, including over 56 currency pairs on MT4 and
MT5 forex trading platforms.
Trading Benefits
| Trading Features |
Accounts offered |
Funding methods |
| Allows scalping |
Demo account |
Credit cards |
| Allows hedging |
Mini account |
Bank Transfer |
| Low min deposit |
Standard account |
PayPal |
| Guaranteed stop loss |
Islamic account |
Payoneer |
| Offers Negative Balance Protection |
|
|
Customer support is available in over 25 languages, 24/5 via email, telephone and live chat.
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.
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 |
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.
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 MetaTrader4.
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 |
|
|
Customer Service is available 24/7 via Phone, Live Chat 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, Futures, 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.
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
MetaTrader4 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.
OANDA
OANDA is a globally
regulated Forex and CFD broker which also provides 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
Metatrader4.
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.
FXCM
Forex Capital Markets Limited or
FXCM is a
Spread Betting, CFD and
Forex trading broker, authorised and regulated by the UK Financial Conduct Authority 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
MetaTrader4, 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.
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.
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,
traders will need a minimum deposit of at least $50.
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.
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
MetaTrader4 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.
Main uses of Tin
The element occurs in two main forms
White Tin: A malleable silvery-white metal that occurs at room temperature.
Grey Tin: A powdery, brittle substance that occurs at low temperatures.
White tin has a number of industrial applications, while grey tin has no known uses. Here is an overview of the Main uses of White tin.
- Coating Metal
- Alloys
- Window Glass
- Tin Chloride
Where can Tin be traded?
Tin can be traded by using Globally Regulated Forex Brokers and Trading Platforms best suited to Tin trading.
How is Tin traded?
Traders will have several ways available to choose from to trade
tin instruments, whether it is via live shares in a tin company, buying physical bullion, or speculating with a derivative instrument like
CFDs or options.
Tin Bullion
Physical
tin bullion such as ingots (“blocks of”) is the most direct way to trade in this
commodity. However,
trading bullion may require investors to seek a secure storage facility if safe storage isn’t available at home and ultimately the cost of secure storage and the low value-to-weight ratio might make holding physical tin an impractical proposition.
Tin Futures
The London Metal Exchange or
LME will offer investors a contract on tin which is a minimum of 99.85% pure. Each contract will represent 5 metric tons of tin and is quoted in
U.S dollars. Futures are derivative instruments through which traders will be able to make leveraged bets on commodity prices. If the futures price declines, traders will be required to deposit additional margin in order to maintain their positions. At expiration, the contracts will be physically settled by delivery of the metal.
Tin Options on Futures
The
LME offers an American style options contract on tin futures. Options, similar to futures, are also a derivative instrument which employs leverage to trade commodities. As with futures, options will have a set expiration date. However, options also come with a strike price, which refers to the price above which the option finishes in the money. Options buyers will be required to pay a price known as a premium to purchase contracts.
Tin ETFs
Tin ETFs trade as shares on exchanges in the same way that stocks do. Traders can purchase iPath Dow Jones-UBS Tin ETN (NYSEARCA: JJT), which is an ETF that trades tin futures.
Shares of Tin Companies
Investors who are interested in gaining exposure to tin prices through the purchase of stocks can consider companies like
Yunnan Tin Co.
Yunnan Tin is the largest tin producer and exporter in China and the world.
Tin CFDs
Investors can also trade tin through the use of contracts-for-difference (
CFDs) derivative instruments. CFDs will allow customers to speculate on the price of tin without the need of owning the metal. The value of a CFD refers to the difference between the price of tin at the time of purchase and its current price.
Conclusion
Tin Commodity trading may not be the most popular choice amongst the commodities available, but there is some reason why traders may choose to invest. This includes Betting on the Surging Global Economy, Inflation and Weak US Dollar Hedge and Portfolio Diversification.
FAQs
Are there risks to Tin Commodity Trading?
Yes. As with all commodities, there is a level of risk involved. This may include factors such as supply and demand or overproduction.
What drives the Price of Tin?
Factors such as Global Stocks, Input Prices and Government Policies can drive the price of tin.
Where are the Biggest Tin Reserves by Country?
The Biggest Tin reserves are in China, Indonesia and Brazil respectively.