14 Best Zinc Commodity Forex Brokers

When it comes to Zinc Commodity Forex Brokers, Metallic zinc deposit or pure zinc which forms during smelting is melted down, cast and sold as ingots to customers. The Forex and Currency Markets make up the largest market in the world and trading forex, plus commodity investment has seen a notable rise in popularity over the years.

Choose your quick section of our Zinc Commodity Forex Brokers below.

10 Best Handpicked Zinc Commodity Forex Brokers Revealed:

• ✔️IC Markets
• ✔️eToro
• ✔️XTB
• AvaTrade
• Roboforex
• Pepperstone
• EasyMarkets
• OctaFX
• XM Group
• Forex.com

Zinc is a naturally occurring element which is found in the earth’s crust.  Zinc is normally found in association with lead and other metals which includes copper, gold and silver. Roughly 70% of the world’s zinc is produced via mining whilst the rest comes from recycling secondary zinc. Here is an overview of the 14 Best Zinc Commodity Forex Brokers and Trading Platforms.

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.

Trading Benefits

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

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.

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 supports 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.

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.

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 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.

OctaFX

OctaFX is an online broker which was founded in 2011, offering Forex trading.  As OctaFX is regulated by the Financial Conduct Authority (FCA), each new client must pass a few basic compliance checks when signing up for an account.  OctaFX has won numerous industry awards over the course of 9 years and is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5.

Pros and Cons

OctaFX provides an array of educational tools to assist beginner traders to become more experienced and even professionals in trading.

Trading Benefits

Customer Support is available 24/5 via Live Chat, Email, Phone, WhatsApp and an Enquiry Form across multiple languages including English, Indonesian, Hindi, Chinese and more.

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.

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 world leader in spread betting, FX and CFD Trading, regulated by the Financial Conduct Authority (FCA).  The City Index trading platform offers traders a range of customisation options, which includes 16 chart types with 65+ indicators specifically designed for investors to perform technical analysis.

Pros and Cons

To open a live trading account, traders 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

Multilingual Customer support is available by email, phone, or 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 Features

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

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.

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

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.

Trading Benefits

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

Main Uses of Zinc

Galvanizing Material

Galvanization of steel and iron prevents the process of corrosion and rust. The Most common method used to galvanize steel is called Electroplating. Items which are galvanized includes car bodies, street lamp posts, safety barriers and suspension bridges.

Alloys

Zinc combined with other metals form strong alloys. Brass, nickel, silver, and aluminium solder are all examples of zinc alloy.

Die-Castings

Die-casting is the production of metal parts using moulds. Zinc is used in the automobile, electrical and hardware industries.

Zinc Oxide

Zinc oxide is used in the production of multiple products. This includes paint, rubber, cosmetics, plastics, inks, soaps, batteries, and more.

Zinc Sulphide

Zinc sulphide is an significant component in a large selection of products, including luminous paints, fluorescent lights, and x-ray screens. Zinc is also an essential nutrient for humans as a typical human body contains about 2.5 grams of zinc and consumes 15 milligrams daily. Foods containing a high zinc content include herring, beef, lamb, cheese, and sunflower seeds.

Need to know Terms in Forex Trading

Traders should educate themselves on the most used terms in forex trading and investment in order to fully understand all information made available be it by Brokers or other online resources.

Forex Trading

Forex Trading is the process of changing one currency into another.  This is done for a number of reasons including commerce, trading and tourism.

Foreign Exchange Market

The Foreign Exchange Market (also known as FX or Forex) is the market in which Forex Trading or Foreign Exchange, takes place.

Base Currency

In the forex market, currency unit prices will be quoted as currency pairs. The base currency or  the transaction currency will be the first currency in a currency pair quotation. The base currency will be followed by the second part of the quotation, which is referred to as the quote or counter currency.

Exchange Rate

The term Exchange rate refers to the price of one currency in terms of another currency. Exchange rates can be either floating or fixed. A Fixed exchange rates will be decided by the central bank of a country whereas a floating exchange rate will be decided by the mechanism of market demand and supply.

Interbank Market

The term interbank market refers to a top-level foreign exchange market where banks exchange different currencies. These banks can either deal directly with one another or through electronic brokering platforms.

World Currencies

The most popular traded currencies include the U.S Dollar, The Euro, The Japanese Yen and The Great British Pound.

Trading Volume

In Forex trading, Trading Volume refers to the number of lots traded in a currency pair or in the entire market within a specific time period.

EUR USD

The Currency Pair EUR USD is the shortened term used for the euro against U.S dollar or cross for the currencies of the European Union (EU) and the United States (USD).

Trading Tools

Forex trading tools can either be paid for by service subscription, or will be on offer for free by a forex broker or trading platform provider.

Stock Markets

The stock market refers to a collection of markets and exchanges where the  buying off, selling off, and issuance of shares of publicly-held companies take place.

Currency Market

The foreign exchange or currencies market is an over-the-counter (OTC) global marketplace.

How is Zinc Traded?

Zinc mines can be found across the globe,  with China, Peru and Australia being the leading producers of this metal.  China is the largest producing country closely followed by the US, Canada, India, Kazakhstan, Bolivia, Mexico and Ireland. China also plays an important role when it comes to demand, followed by the USA and Japan as the top consumers of zinc.  On the financial markets, zinc is traded in terms of futures and options contracts on the London Metal Exchange (LME) and Chicago Mercantile Exchange (CME).

Traders have several ways to gain exposure to zinc prices:

Zinc Bullion

Physical zinc bullion is the most direct way of trading in zinc. However, trading in Zinc bullion may require a secure storage facility to be available. The cost of secure storage and the low value-to-weight ratio can make holding physical zinc an unreasonable proposition.

Zinc Futures

The Chicago Mercantile Exchange or CME offers a contract on zinc which settles into 25 metric tons. The contracts are available to trade globally on the CME Globex electronic trading platform and has a variety of expiration months assigned. Futures are derivative instruments through which traders can make leveraged bets on commodity prices.  If the price declines, traders will be required to deposit an additional margin in order to maintain their positions. At their expiration, these contracts are physically settled by the delivery of zinc. Trading in futures will require a high level of sophistication and factors such as storage costs and interest rates will affect the pricing.

Zinc ETFs

These financial instruments trade as shares on exchanges in the same way that stocks do. ETFS Zinc is an exchange-traded commodity which tracks the Bloomberg Zinc Total Return Index.

Shares of Zinc Companies

Many publicly traded companies will offer some exposure to zinc prices. Trading in these companies can be a leveraged way to gain exposure to zinc prices, and a selection of these companies will also offer significant exposure to other metals and commodities prices.

Contracts for Difference (CFDs)

Contracts for Difference or CFDs will allow traders to speculate on the price of zinc. The value of a CFD refers to the difference between the price of zinc at the time of purchase and its current price. A wide selection of globally regulated brokers will offer CFDs on zinc. The  advantage of CFDs is that investors will gain exposure to zinc prices without having to buy or invest in shares, ETFs, futures or options.

In Conclusion

Zinc prices have shown recent increase in strength, but some analysts are sceptical about the sustainability of these higher prices. They believe the increases in supply and the probability of buyers substituting other commodities for zinc could cause the rise to stall. Sphalerite  or zinc sulphide is the most commonly found zinc mineral and Sphalerite is the most important ore of zinc. Zinc concentrate is produced through a procedure of concentrating the sphalerite by making use of the froth flotation method, which considered to be the most widely used method for ore separation.  Through the froth flotation method, minerals are separated from the gangue  by grinding the ore down into grains which are then in turn mixed with water to form a slurry.   Zinc concentrate is converted into pure zinc through smelting.

FAQs

What are the specific trends that could potentially raise zinc prices in the future?

Specific trends which could potentially raise the price of Zinc in the future includes Chinese demand, infrastructure demand and Mining challenge.

What are the risks of trading Zinc?

Occurrences such as a global recession can affect both supply and demand.