Compare the best Venmo commodities brokers

Many online brokers now accept Venmo as a payment method for commodities trades. Find the best platforms right here for 2024.
Updated: Sep 6, 2022
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Venmo can be a fast and easy payment method when funding brokers for trading commodities, particularly if you already use it as part of your day-to-day spending. Keep reading to learn more about the best brokers that accept Venmo payments.

Here are the best commodities brokers that accept Venmo

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Click any of the links below to find some of the best trading platforms around. These are the best way to trade commodities with Venmo, and have been chosen by our team of financial experts. Otherwise, scroll down and keep reading if you need more information.

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1
Min. Deposit
$ 100
Best offer
User Score
9.9
Offre spéciale limitée - 0% de commission et 0% de droits de timbre sur TOUS les stocks!
Plateforme primée - achetez des actifs physiques ou négociez avec effet de levier
Plus de 11 méthodes de paiement, dont PayPal
Start Trading
Payment Methods:
American Express, Apple Pay, Carte de crédit, Carte de débit, Discover, Google Pay, Ideal, Klarna, Maestro Master, Mastercard, POLi, Przelewy24, Rapid Transfer, SEPA, Sofort, Trustly, Virement, Virement bancaire, Visa, Visa Electron, , , , , , , ,
Full Regulations:
ASIC, 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
$ 0
Best offer
User Score
9.7
Start Trading
Payment Methods:
Carte de crédit, PayPal, Virement,
Full Regulations:
CNVM Romania, CySEC, FCA, IFSC
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3
Min. Deposit
$ 100
Best offer
User Score
9.9
Ouvrez un compte MT5 pour être long ou court sur 250 des plus grandes actions américaines, australiennes et européennes
Instruments dans 21 délais et 80 indicateurs pré-installés
Réglementation multijuridictionnelle par ASIC et VFSC
Start Trading
Payment Methods:
Carte de crédit, Crypto-monnaies, PayPal, Virement bancaire, ,
Full Regulations:
ASIC, CySEC, FCA
74-89% of retail CFD accounts lose money

What is a Venmo commodities broker?

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They’re simply online services that allow you to sell and buy commodities using Venmo as a payment method. Venmo is a US-based mobile payment service that handles billions of dollars in personal transactions each year.

Pros and cons

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Using any broker comes with various benefits and drawbacks. Here are the pros and cons to bear in mind.

Pros

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  • Easy to use. Once you’ve linked your Venmo to your online broker account, buying commodities is quick and easy.
  • Fast. You can fund your account in minutes allowing you to begin trading assets such as gold and oil as soon as you like.

Cons

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

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The best brokers charge little more than a few pounds per transaction. Read our comprehensive reviews to find the best platforms that offer great value so you can save more of your money for trading.

What to look for when trading commodities with Venmo

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When selecting a commodity broker, you need to consider more than just ensuring they accept Venmo payments. Here are the factors to look into to make sure the platform provides a good service.

  • Low transaction fees. Keeping fees low frees up more of your money to make trades, so make sure your chosen platform has a competitive fee structure.
  • Variety of commodities available to trade. You don’t want to put all your money into one commodity, so look for a broker that offers a wide range of different assets.
  • Easy to use. Seek out a trading platform that’s as easy to use as possible. You want your broker to aid you in placing trades, not get in the way.
  • A strong reputation. The best brokers earn strong reviews from individual users as well as independent websites. You can start your vetting process right here on this site.
  • Great customer service. If things go wrong you need to be sure you can easily contact your chosen broker. Make sure they offer responsive customer service before signing up.
Find your broker

Is it safe to trade commodities with Venmo?

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Yes, in general Venmo is a safe and secure way to fund commodity purchases. Different brokers have different security protocols though, so use our in-depth reviews to find the platforms that can be best trusted with your money.

Do I need to provide ID when I trade commodities with a Venmo broker?

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Yes, you will likely need to provide some form of ID. Online commodities brokers follow KYC (Know Your Customer) guidelines, which means brokers usually ask for identification when you sign up. The identification required can range from an email address to a photo ID such as a passport.

How to trade commodities with Venmo

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Most Venmo brokers require just a few simple steps to fund your online account, and the steps usually go like this:

  1. Find the payments or deposits page on your commodity broker’s website or app.
  2. Select Venmo 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 Venmo?
Are there limits to how much of a commodity I can trade with a Venmo?
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 Venmo?
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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