Compare the best brokers to trade commodities with Paysafecard

Commodities are raw materials (such as iron ore) or agricultural products (such as wheat) that can be bought or sold in the form of futures or options. A broker will execute those trades for you, enabling you to trade all kinds of different assets.

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

Barring rare exceptions, using Paysafecard as a payment method will enable you to trade just as wide a range of both soft and hard commodities as you would with other payment methods. Still, if variety matters to you, seek out a broker that offers the widest array of assets to trade; the options available to you will depend on your broker.

Practically speaking, no. Regulatory bodies do 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. But these limits are absolutely huge and are only designed to stop monopolies from developing, so you don’t need to be concerned if you’re a regular investor.

Other payment methods that you can you to buy commodities online include:

• Apple Pay
• Google Pay
• Digital wallets
• Credit card
• Bank transfers

The process involves buying or selling various raw materials or agricultural products. Traders make trades via futures or options, with a broker executing the orders. To make a profit, commodities traders correctly predict the price movement of the commodity they’re trading, and buy and sell it accordingly.

Keep up with the commodities market right here on this site. Invezz publishes investment news on a regular basis. We also put out analysis pieces that look at emerging trends in the markets so you can make wiser investment decisions.

Brokers will take a commission every time you trade. The size of that commission can vary depending on the platform, so do your research to find the most competitive trading fees (the best place to look is in our reviews). Make sure that the size of your account balance is large enough to ensure that you’re not significantly eating into your budget by paying too much in the form of commissions, especially if you’re a frequent trader.

Start right here on this site. We’ve published a series of educational articles on commodity trading, designed to give you all the basics you’ll need to make your first trade, plus more involved lessons to help you s쳮d in your trades.

Paysafecards are a prepaid online payment method that are based on a 16-digit PIN code that doesn’t require you to link to a debit card or credit card.

A futures contract is an agreement in the present to make a trade in the future. Two parties agree a date on which the exchange will be made and the price that will be paid, and the trade is executed on these terms at the specified date.

Options contracts are agreements to exchange assets at a set price before a specific date, upon which they expire. Commodity trading is one of the most frequent uses of options contracts.

Margin trading – also known as leveraged trading – is when you make large trades by staking a small amount of your own capital and having your broker cover the rest.