Compare the best brokers to trade commodities with Google Pay

Linking your Google Pay account to a broker is a quick and easy way to fund your commodities trades. In this guide, find the best brokers accepting Google Pay in 2024
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Updated: Sep 6, 2022
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CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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An increasing number of online commodities brokers accept Google Pay as a method of payment. Keep reading to find out which of the best commodity brokers offer the best service and to learn more about the benefits and drawbacks of paying for your trades with Google Pay.

Here are the best commodities brokers that accept Google Pay

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If you’re ready to trade commodities right away, then follow any of the links below to our trusted partners. If you need more information, then keep reading below to find out more.

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1
Min. Deposit
100 €
Best offer
User Score
10
Handel in +2000 CFD's op aandelen, opties, grondstoffen en meer
Onbeperkte risicovrije demo-account
0 commissies & aantrekkelijke spreads
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2
Min. Deposit
100 €
Best offer
User Score
10
Start Trading
Payment Methods:
Apple Pay, Google Pay
Full Regulations:

71% of retail CFD accounts lose money.

3
Min. Deposit
85 €
Best offer
User Score
9.9
Open een MT5-account om lang of kort te gaan op 250 van de grootste Amerikaanse, Australische en Europese aandelen
Instrumenten in 21 tijdframes en 80 vooraf geïnstalleerde indicatoren
Verordening multi-jurisdictie door ASIC en VFSC
Start Trading
Payment Methods:
PayPal, neteller, Credit Card, Wire Transfer, Cryptocurrencies, skrill
Full Regulations:
ASIC, CySEC, FCA
74-89% of retail CFD accounts lose money

What is a Google Pay commodities broker?

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A commodity broker is a firm or person who makes trades on behalf of their users or clients, getting paid a commission in the process. Google Pay is a mobile payment service owned and operated by Google that’s accepted around the world for many different kinds of purchases.

Pros and cons

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There are specific pros and cons that come with trading with Google Pay. Before registering, consider these benefits and drawbacks.

Pros

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  • Convenient. If you already use it for everyday purchases, it’s easy to trade commodities with Google Pay. Just link your Google Pay account to your brokerage account and you can start trading.
  • Fast Deposits. Google Pay offers fast and easy transactions, so you can deposit money into your online trading account quickly and get trading right away.
  • Secure. Google Pay offers robust security features for all your transactions, and this is not different when it comes to using it to fund trades.

Cons

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What are the fees and commissions when using Google Pay to buy and sell commodities?

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It depends on the broker, and usually it’s similar to what you’ll see with other payment methods. The good news is that the most affordable trading platforms will charge little more than a few pounds per transaction, meaning you can preserve more of your funds to make trades.

What to look for when trading commodities with Google Pay

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When shopping for a broker, make a checklist of top priorities that matter to you. Here are a few key traits to look for and the reasons why they’re important.

  • Low transaction charges. Choose a trading platform that charges the lowest fees possible. Put simply, the less you pay in fees, the more you can use to trade.
  • Security. You don’t want to risk having your hard-earned money or your financial and personal information get hacked, so make sure you’re signing up to a secure service.
  • Great customer service. The broker you choose should offer fast and helpful customer service, ideally 24/7.
  • Easy to use. You don’t want to waste time figuring out your broker’s trading interface. Find a platform that is intuitive so you can focus on trading.
  • A strong reputation. Look for good reviews and a respected track record when selecting a broker to handle your trades.
Find your broker

Is it safe to trade commodities with Google Pay?

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Yes, it is generally secure, but this doesn’t mean you shouldn’t be careful. While Google Pay offers built-in security features that make it a safe option for all kinds of purchases, there are unregulated brokers around you need to be careful of. We have compared the best commodity trading platforms to help you find the most reputable brokers so you know you’re using a service you can trust.

Do I need to provide ID when trading commodities with Google Pay?

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Yes, when trading with Google Pay it is common to be required to provide ID documentation. This is because brokers usually comply with KYC (Know Your Customer) guidelines. Different platforms require different documents, but it is helpful to have a photo ID such as a driver’s license handy.

How to trade commodities with Google Pay

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Each platform works slightly differently, but in general these are the steps you have to follow:

  1. Find the payments or deposits page on your commodities broker’s website or app.
  2. Select Google Pay as your preferred payment option.
  3. Enter your Google Pay account information.
  4. Enter the amount of money you wish to deposit into your commodities trading account.
  5. Click confirm.
Sign up & fund account

FAQs

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What are commodities?
What are soft commodities?
What commodities can I trade with Google Pay?
Are there limits to how much of a commodity I can trade with Google Pay?
What other payment methods can I use when trading commodities?
What is commodities trading?
How can I keep up with the commodities market?
What charges are usually applied when buying and selling commodities?
What’s the best way for a beginner to learn about commodities trading?
What is Google Pay?
What are futures contracts?
What are options contracts?
What is margin trading?
Is margin trading recommended for beginner commodities traders?
OK, I’m ready to choose a broker


Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.