Compare the best brokers to trade commodities with Apple Pay

Apple Pay is an increasingly popular way to pay for commodities trades. Find the right broker right here.
By: Jonah Keri
Jonah Keri
Jonah Keri is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He… read more.
Updated: Jul 15, 2021
Tip: our preferred broker is, eToro: visit & create account

Many online brokers now accept Apple Pay as a method of payment when trading commodities. Read on to find out the best platform and what to consider when buying and selling different commodities.

Here are the best commodities brokers that accept Apple Pay

We’ve compiled a list of the best Apple Pay commodity brokers and compared them to help you choose the right trading platform. Simply follow one of the links below if you’re ready to start trading, or scroll down for more information.

1
Min. Deposit
$50
Exclusive promotion
user-score
10
Trade/invest in stocks with just $50
Invest for dividends and get payout on stocks on Ex-Dividend day
Over 11 payment methods, including PayPal
Start Trading
Description:
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro users can connect with, learn from, and copy or get copied by other users. Buying stocks on eToro is free and you can invest with as little as $50.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
2
Min. Deposit
$1
Exclusive promotion
user-score
9.3
0 Commissions and no deposit minimums
Registered with and regulated by SEC and FINRA
Loss of cash protection
Start Trading
Description:
Financial company driven by technology and offering all-in-one self-directed investment platform that provides excellent user experience.
Payment Methods
Full regulations list:

What is an Apple Pay commodities broker?

A broker is a firm or person who executes orders to buy and sell commodities, getting paid a commission by the party that wants to make the trade. Apple Pay is a mobile payment service that’s accepted around the world for all kinds of purchases and is integrated into iPhones. We are concerned with trading platforms that offer both sets of features: commodities trading and deposits made with Apple Pay.

Pros and cons

There are a variety of pros and cons when it comes to trading commodities in this way. Here are the key benefits and drawbacks to bear in mind.

Pros

  • Fast Deposits. You can fund your brokerage account quickly using Apple Pay, allowing you to begin trading commodities whenever you’re ready. 
  • Convenient. If you already use Apple Pay for everyday purchases, then you’ll find it easy and convenient to use it to fund your trades.
  • Secure. Apple Pay offers robust security features, so you can feel confident that the service’s high level of security will carry over to your online trades.

Cons

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

The fees and commissions you’ll get charged when using Apple Pay to trade commodities may vary. The good news is that the most affordable brokers may charge little more than a few pounds per transaction, or a small percentage of each trade you make. Our broker guides help you find the best bang for your buck.

What to look for when trading with an Apple Pay broker

When looking for your ideal trading platform, make a checklist of top priorities that matter to you. Here are a few of the key traits to look for.

  • Low transaction charges. Choose a broker 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 trades.
  • Great customer service. The broker you choose should offer fast and helpful customer service, with some platforms even being contactable 24/7.
  • Easy to use. Look for a trading platform that’s as easy to use as possible, so you can spend more time focussing on your trades and less time working out how the interface works.
  • Secure. You don’t want to risk having your hard-earned money or your financial and personal information get hacked. Search for a broker that will keep your information and your trades secure.
  • Fast. Commodity prices tend to fluctuate, so you want to be able to execute your trades instantly. Find a broker that will execute your trades fast, so you can complete the trade as close as possible to your preferred execution price.

Is it safe to trade commodities with Apple Pay?

Yes, it is generally secure. Apple Pay offers built-in security features that make it a safe option for all kinds of purchases, including those made through online trading platforms. Still, security features and encryption vary from broker to broker, so look for a service that offers the highest levels of security. Our in-depth reviews can help you compare your options easily.

Do I need to provide ID when I trade commodities with Apple Pay?

Yes, you will likely need to provide some form of ID. Brokers usually follow KYC (Know Your Customer) guidelines, which means they will likely ask for identification when you sign up. The level of ID you’ll need to provide could range from simple personal information such as your email address to providing an actual copy of a photo ID card.

How to trade commodities with Apple Pay

Here are the steps you’ll need to take to buy and sell commodities using your Apple Pay account.

  1. Find the payments or deposits page on your commodities broker’s website or app.
  2. Select Apple Pay as your preferred payment option.
  3. Enter your Apple Pay account information (or simply follow the instructions on your phone to link your account and make the payment).
  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 Apple Pay?
Are there limits to how much of a commodity I can trade with Apple Pay?
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 Apple Pay?
What are futures contracts?
What are options contracts?
What is margin trading?
Is margin trading recommended for beginner commodities traders?

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

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 is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He now writes about stocks, cryptocurrencies, and other… read more.