Compare the best brokers to trade commodities with debit card

Commodities are raw materials or agricultural products that can be bought or sold, usually in the form of futures or options. A broker will execute those trades for you, enabling you to trade assets such as gold, oil, silver, and wheat.

Soft commodities are agricultural products which are grown, as opposed to metals which are mined (which are known as hard commodities). Examples of soft commodities include wheat, corn, coffee, sugar, and livestock.

Pretty much any that you want to trade, as long as you find a broker that offers every commodity. Using your debit card as a payment method typically enables you to trade just as wide a range of both soft and hard commodities as you would with other payment methods.

Unless you’re ultra wealthy, no. Regulatory bodies (such as the Commodities Futures Trading Commission in the United States) enforce position limits for commodities trades, to ensure that large institutional investors don’t use their immense resources to try to corner the market on a specific commodity.

However, this isn’t relevant to regular traders as it is virtually impossible for an individual to be affected by these limits, as they are set so high as to be beyond the reach of all but the wealthiest few people in the world.

Other payment methods that allow you to buy commodities online include the following options:

Credit card
Bank transfers
Apple Pay
Google Pay
Digital wallets

Trading commodities involves buying or selling various raw materials or agricultural products. Traders typically trade using futures or options, and make a profit when they guess correctly on the price movement of the commodity they’re trading. When you place a buy or sell order with a broker, the platform will try to execute your trade as quickly as possible, as close to your desired transaction price as possible.

Keep up with the commodities market right here on this site. Invezz publishes investment news on a regular basis, as well as analysis pieces looking at emerging trends in the commodity markets.

A commodities broker typically takes a commission every time you buy or sell each asset. The size of that commission may vary depending on the broker, so do your research to find the most competitive trading fees. Also make sure that if you’re a frequent trader, the size of your account balance is large enough to ensure that you’re not significantly eating into your budget by paying too many commissions.

Start right here on this site. We publish educational articles and courses on commodities trading, designed to give you all the basics you’ll need to make your first trade. Additionally, we have more involved lessons to help you s쳮d in your trades.

A debit card is a payment card that can be used instead of cash to make purchases, with the money deducted out of your bank account. You may be required to provide your personal identification number (PIN) when making transactions with your debit card.

A futures contract is a method of trading using an agreement to buy or sell an asset at a preset price at a specific time in the future. Commodity trading involves huge volumes of futures contracts.

An options contract is an agreement between two parties to facilitate the trade of a specific asset at a preset price prior to a specific expiration date.

Margin trading involves borrowing a certain amount of money from your broker in order to make a trade for a specific commodity. Another term for margin trading is leveraged trading.