Compare the best brokers to trade commodities with Skrill

You can use a range of brokers to buy and sell commodities with Skrill. Find the best platforms and their most notable features here.
Updated: Sep 6, 2022
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If you’re new to commodities trading brokers, Skrill can be a fast and easy payment method that you can use to trade online. Read on to learn more a where you can do this and what to consider when trading.

Here are the best commodities brokers that accept Skrill

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We’ve compiled a list of the best commodity brokers that accept Skrill as a method of payment so you can compare your options quickly and easily.

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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 Skrill commodities broker?

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A broker is a person or online platform that executes orders on behalf of clients, getting paid a commission for doing so. Skrill is an e-wallet platform that enables users to make payments and money transfers online for goods and services. In this case we’re talking about trading platforms that combine both features.

Pros and cons

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Using this payment method for trading with an online broker has its benefits and drawbacks. Here’s a summary of what to think about.

Pros

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Cons

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  • Not universally accepted. Skrill is not as widely accepted by commodity brokers as more conventional methods such as bank transfers and debit cards.

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

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Each broker’s commissions are different, but the best brokers will charge little more than a few pounds per transaction. Sometimes payment methods such as Skrill can come with higher fees than more traditional options, like using a credit card.

What to look for when using Skrill to buy commodities

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To make sure you’re choosing the right platform, look at the following factors when comparing online trading platforms.

  • Low transaction fees. Choose a broker that charges low fees and you’ll have more money available to make trades.
  • Variety of choices. If you value variety, you’ll want to find a platform that lets you trade all kinds of different commodities with Skrill.
  • Easy to use. Seek out a broker with a trading platform that’s as easy to use as possible, you don’t want to end up using an interface you find confusing and which can hamper your trades.
  • Speed. Look for an app that will execute your purchases quickly and efficiently so you can react to market movements.
  • Great customer service. In case something goes wrong, you want to ensure your chosen platform offers reliable customer service.
Find your broker

Is it safe to trade commodities with Skrill?

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Yes, it is generally safe to connect your Skrill wallet with your online broker. Make sure you choose a regulated platform, however, and consult our reviews to find the brokers that offer the best security features.

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

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Yes, you will likely need to provide some form of ID. Online brokers follow KYC (Know Your Customer) guidelines, so they will usually ask for identification when you sign up. You may be asked to provide personal information such as your email address, and possibly even a copy of your passport or driver’s license.

How to trade commodities with Skrill

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Most brokers require just a few simple steps to fund your account. In general these are the steps you need to follow.

  1. Find the payments or deposits page on your broker’s website or app.
  2. Select Skrill as your preferred payment option.
  3. Enter your account information.
  4. Enter the amount of money you wish to deposit into your 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 Skrill?
Are there limits to how much of a commodity I can trade with a Skrill?
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 Skrill?
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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