Compare the best brokers to trade commodities with Payoneer

It’s easier than ever to use Payoneer to fund your trading account and invest in commodities. Read this guide to find out the best brokers to use.
Updated: Sep 6, 2022
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Trade global markets with our top-rated broker, Interactive Brokers.

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Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Register Entry Number 208159. Products are only covered by the UK FSCS in limited circumstances.
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If you’re looking for a convenient way to fund your commodities broker, Payoneer could be the way to go. This page takes you through the best brokers to use, and what to bear in mind when trading commodities.

Here are the best commodities brokers that accept Payoneer

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To help your selection process, we’ve compiled a list of the best brokers that accept Payoneer as a method of payment. Simply follow one of these links to go to one of our trusted partners, or keep reading below if you want to learn more first.

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1
Min. Deposit
$ 10
Best offer
User Score
10
Up to $240 bonus!
Deposit with ACA, Wire, Pay with my bank
Invest for dividends and get payout on stocks on Ex-Dividend day
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

2
Min. Deposit
$ 100
Best offer
User Score
9.9
Trade +2000 CFDs on Shares, Options, Commodities & more
Unlimited risk-free Demo Account
0 commissions & attractive spreads with up to 1:5 leverage
Start Trading
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

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.

3
Min. Deposit
$ 0
Best offer
User Score
9.7
Diverse stock selection providing investors with a diverse array of options for their portfolios.
Advanced trading tools aiding in executing trades with precision in the dynamic stock market.
Easy portfolio management.
Start Trading
Payment Methods:
ACH, Bank Wire, Check
Full Regulations:
CFTC, FCA, FINRA, IIROC, NFA, NYSE, SIPC
Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Register Entry Number 208159. Products are only covered by the UK FSCS in limited circumstances.

What is a Payoneer commodities broker?

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They are simply online brokers that allow you to trade commodities using your Payoneer account. A broker is a firm or person who executes orders, getting paid a commission for doing so, and Payoneer is an online money transfer service used all over the world to pay for a variety of goods and services.

Pros and cons

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There are benefits and drawbacks of trading in this way. Bear these in mind before signing up.

Pros

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  • Easy to use. Payoneer is a fast, easy, and convenient way to make purchases, meaning it’s a reliable choice for trading online.
  • Fast Deposits. You can fund your brokerage account within minutes, allowing you to begin trading immediately.
  • Widely used. Provides cross-border transactions in 200 countries and territories, with a total of 4 million current customers. 

Cons

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

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The fees charged for making trades will depend on what platform you sign up to. The best brokers around charge little more than a few pounds per transaction, but the level of commission applied can vary widely between brokers. We have compared the best brokers to help you find the best value services.

What to look for when trading with Payoneer

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When shopping for a broker, here are a few key traits to look for.

  • Low transaction charges. Choose a broker that charges the lowest fees possible, as this means you keep more of your money to trade. 
  • Variety of commodities choices. Look for a trading platform that lets you trade all kinds of different assets with Payoneer. Having access only to a limited selection can block you from making profitable trades, or restrict the diversity of your investments.
  • Easy to use. You want to be able to trade with ease, so make sure to use an app with a user-friendly interface.
  • Speed. Look for a broker that will execute your purchases quickly and efficiently so you can take advantage of market movements.
  • Great customer service. In case something goes wrong, you want to be able to talk to someone at your broker. Look for a platform with a solid reputation for customer service.
Find your broker

Is it safe to trade commodities with a Payoneer broker?

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Yes, as long as you’re using a reputable and regulated broker. Still, you should always seek out the highest levels of security possible, as different platforms have different security features. The best way to assess your options is to use our reviews to compare them.

Do I need to provide ID when I trade commodities with Payoneer?

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Yes, you need to provide ID when. This is because brokers follow KYC (Know Your Customer) guidelines, so you’ll likely be asked to provide personal information when you sign up. That could include anything from your email address to a copy of your passport or driver’s license.

How to trade commodities with Payoneer

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Most brokers require just a few simple steps to fund your online account. The steps vary from platform to platform, but usually go something like this.

  1. Find the payments or deposits page on your broker’s website or app.
  2. Select Payoneer as your preferred payment option.
  3. Enter your 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 Payoneer?
Are there limits to how much of a commodity I can trade with a Payoneer?
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 Payoneer?
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
Jonah Keri
Financial Writer
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