15 Best Water Commodity Forex Brokers

Best water commodity forex brokers reviewed in South Africa shows that without a doubt, Water is undeniably the most important commodity across the globe. Without Water, crops, metals and energy would not exist and both Human and Animal survival depend on it.  Water may not be a tradeable commodity such as oil or gold, but it is indeed vital and in limited supply. Even though 70% of the Earth’s surface is covered in water less than 1% is fit for consumption as drinking water.

Types of water

Tap water

Municipal water which is treated to kill bacteria and remove sediments and odours. Tap Water may contain other chemicals such as fluoride.

Hard water 

Hard water contains high amounts of calcium and magnesium salts. Permanent hard water will contain sulphates, chlorides, or nitrates of calcium and/or magnesium and is not impacted by heating. On the other hand, Temporary hard water contains bicarbonates of calcium and/ or magnesium.

Soft water 

Contains low amounts of calcium and magnesium salts.

Mineral water 

Mineral water contains large amounts of dissolved minerals. Mineral water can be divided into five categories: saline, alkaline, ferruginous, sulphurous, and potable.

Spring water (artesian)

Spring water flows from the ground naturally without the need or aid of drills and pumps. Aside from this fact, spring water is no different than other water sources.

Purified water 

As the name would suggest, Purified water contains the fewest impurities as it is purified by an evaporation-condensation process.

The Countries with the Biggest Renewable Water Sources include Brazil, Russia, The United Stated, Canada, China, Colombia, Indonesia, India, Peru and Venezuela.

Here is an overview of the 15 Best Forex Brokers and Trading Platforms for Water Investment.

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.

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.

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.

• Regulated by the Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)
• Used by over 10,000 traders

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.

SpreadEx

SpreadEx is a forex, CFD and spread betting broker which gives Forex traders access to major markets like currencies, indices, commodities and shares. SpreadEx is one of the few Forex Brokers which offers cryptocurrency CFDs, which makes it a smart choice for investors who are interested in cryptocurrencies like Bitcoin. SpreadEX also offers vanilla options to experienced traders.

Pros and Cons

In order to open a live trading account, traders will need a minimum deposit of at least $1.  SpreadEx is Regulated by the Financial Conduct Authority, and client funds are kept in segregated bank accounts.

Trading Benefits

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

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

To open a live trading account, traders will need a minimum deposit of at least $50.

Trading Benefits

Customer support is available by phone, live chat, or email 24 hours a day during market hours.

City Index

City Index is a Spread Betting, CFD and Forex trading broker which is regulated by the UK Financial Conduct Authority (FCA).  City Index offers traders the ability to trade on 12,000+ instruments covering Indices, Shares, Forex, Cryptos and Commodities, all on the MetaTrader 4 platform, the broker’s own proprietary, web-based HTML 5 trading platform or the AT Pro desktop download.

Pros and Cons

Trading Benefits 

Customer support is available 24/5 via Live Chat, Telephone, Email and an Online Contact Form.

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

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

Customer support is available in over 25 languages, 24/5 via email, telephone and live chat.

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

Trading Benefits

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

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.

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

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.

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 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.

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.

In Conclusion

Leading experts in the field believe that water-related trades could produce profits in years ahead and is an excellent choice for portfolio diversification.