Compare the best brokers to trade commodities with American Express

An increasing number of brokers support commodities trading with American Express. This guide shows you the best places to trade with your Amex card in 2022
Updated: Sep 6, 2022
Tip: our preferred broker is, eToro: visit & create account

If you use an American Express card as part of your day-to-day life, you might want to link your card to an online commodity broker account and use it to trade commodities. Read on to learn how your Amex card can enable you to buy, sell, and trade all kinds of different commodities.

Here are the best commodities brokers that accept American Express

We’ve compiled a list of the best American Express commodity brokers that accept Amex as a method of payment. Simply follow any of the links below, or scroll down and keep reading for more information.

1
Min. Deposit
$ 10
Promotion
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, Wire Transfer
Full Regulations:
CySEC, FCA
Investoo Ltd is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc., as applicable. This compensation incentivizes Investoo Ltd to describe those products and services in favorable terms. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.
2
Min. Deposit
$ 100
Promotion
User Score
10
Trade out-of-hours on over 70+ US stocks
Get exposure to a wide range of popular UK, US and international stocks
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Start Trading
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal
Full Regulations:
ASIC, FCA, FINMA, is a licensed bank (IG Bank in Switzerland)
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
3
Min. Deposit
$ 0
Promotion
User Score
9.5
$0 commission and $0 Options contract fees
Upgraded research with advanced charts
Smart Menus for faster trades
Start Trading
Payment Methods:
Full Regulations:

What is an American Express commodities broker?

A commodities broker is a firm or person who executes orders to buy and sell commodities in exchange for a small commission. American Express (or Amex) is one of the most widely used credit cards in the world. In this case we’re looking at trading platforms that offer both features: commodities trading and an account you can fund with Amex.

Pros and cons

Trading commodities with your Amex card brings with it unique benefits and drawbacks when compared with using other payment methods. Here are the main things to consider.

Pros

  • Convenient. If you already use American Express for everyday purchases, trading commodities with your card will be an easy and logical next step. 
  • Secure. American Express offers both Know Your Customer protocols and chargeback protections that gives users peace of mind when performing transactions with the card.

Cons

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

This doesn’t have a one-size-fits-all answer because the fees and commissions you’ll get charged when using Amex to trade commodities may vary. For instance, the size of fees could vary based on which bank issued your credit card, as well as which broker you use. 

Our in-depth broker guides will help you find the best values when it comes to low fees and commissions on commodities trades with American Express.

What to look for when trading commodities with American Express

When looking for a broker with which you can use your Amex, it’s a good idea to make a checklist of top priorities that matter to you. Here are a few of the key traits to look for: 

  • Low transaction charges. With numerous brokers to choose from, you want to choose one that charges the lowest fees possible. The less you pay in transaction fees and commissions, the more money you’ll have available to profit from your commodities trades.
  • Variety of different commodities available. If variety matters to you, you’ll want to select a broker that lets you trade a wide range of different commodities. Our guides will show you which brokers offer the most variety when it comes to commodities trading.
  • Easy to use. You want to spend your time researching the specific commodities you want to trade, rather than figuring out how to use a broker. Look for an American Express broker with a trading platform that’s as easy to use as possible.
  • Secure. You don’t want to risk having your hard-earned money or your financial and personal information get hacked. Demand a commodities broker that will keep both your information and your trades as secure as possible.
  • Fast. Commodities prices can and will fluctuate. If you want to execute a trade as close as possible to your preferred price, having a broker that will execute your trades fast will help towards that goal.

Is it safe to trade commodities with American Express?

Few payment methods come with more intricate security measures than American Express. Amex’s encryption process and Know Your Customer protocols protect its customers’ data and help protect against fraud. 

To make sure your trades are as secure as possible, sign up with a regulated broker and use our reviews to ensure your chosen platform offers good security features.

Do I need to provide ID trading commodities with an American Express broker?

Yes, you will need to provide some form of identification when using commodities brokers. Most brokers will insist on some form of ID specifically for your protection, to protect against fraud or identity theft. The ID you’ll be asked to provide could range from simple biographical information to a copy of a photo ID card such as your driver’s license.

How to trade commodities with American Express

After your Amex card and personal information have been verified, here are the steps you’ll need to take:

  1. Find the payments or deposits page on your commodities broker’s website or app.
  2. Select American Express as your preferred payment option.
  3. Enter your Amex card information.
  4. Enter the amount of money you wish to deposit into your commodities trading account.
  5. Click confirm.

FAQs

What are commodities?
What are soft commodities?
What commodities can I trade with American Express?
Are there limits to how much of a commodity I can trade with American Express?
Can I use chargebacks if something goes wrong?
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 American Express?
What are futures contracts?
What are options contracts?
What is margin trading?
Is margin trading recommended for beginner commodities traders?

Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Jonah Keri
Financial Writer
Jonah Keri was a reporter for Invezz, wrote about stocks, cryptocurrencies, and other investments. He also covered emerging technologies for private clients. He is a trader… read more.