Compare the best brokers to trade commodities with credit card

You can use your credit card to trade commodities with a large number of brokers. Find the best platforms available for 2022 in this guide.
Updated: Sep 6, 2022
Tip: our preferred broker is, eToro: visit & create account

Many online commodities brokers accept credit cards as a method for funding your account, but it can come with high fees. Keep reading to find out your best options and what you should consider when picking one.

Here are the best commodities brokers that accept credit cards

We’ve compiled a list of the best commodity brokers and compared them in the table below. Scroll down and keep reading if you need to know more, but if you’re ready to go then simply follow one of the links below.

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 a credit card commodities broker?

Brokers that allow you to fund your account with a credit card. They are online platforms that enact trades for you, taking a small commission in exchange for their services.

Pros and cons

There are unique pros and cons that come with using a credit card. Here are the main things to bear in mind when considering using this payment method with a broker.

Pros

  • Convenient. If you already use a credit card for everyday purchases, it’s easy to start using that same card for online commodity trading. Just link your credit card to your brokerage account and you can get started right away.
  • Security. Most major credit cards offer built-in security and encryption capabilities to ensure that all your transactions are well protected.
  • Fast Deposits. You can fund your broker account quickly using a credit card, allowing you to begin trading whenever you’re ready. 

Cons

What are the fees and commissions when using a credit card to buy and sell commodities?

The fees and commissions you’ll get charged will vary based on both the bank that issues the card and the brokerage that processes your trades. The good news is that the most affordable commodities brokers may charge little more than a few pounds per transaction, but bank charges can vary considerably. Our broker guides help you find the best value in a commodity broker.

What to look for when trading commodities with credit card

When shopping for a broker, make a checklist of top priorities that matter to you. Here are a few 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 and make future trades.
  • Variety of commodities choices. Look for a trading platform that lets you trade all kinds of different commodities with a credit card. This is because you’ll want to diversify your investment strategy to protect against sudden drops in the value of any one commodity, like oil or gold. You don’t want all your eggs in one basket.
  • Secure. You don’t want to risk having your hard-earned money or your financial and personal information hacked. Demand a broker that will keep your information and your trades secure.
  • Great customer service. The commodities brokerage you choose should offer fast and helpful customer service in case something goes wrong.
  • Easy to use. Look for a trading platform that’s as easy to use as possible so all your focus can be put into making your trades.

Is it safe to trade commodities with a credit card?

Yes, it is generally secure to trade commodities with a credit card, so long as you place trades with a regulated broker. Major credit cards offer built-in security features that make them a safe option for all kinds of purchases, including online trades. Still, security features may vary from broker to broker, so use our reviews to find a trading platform that offers the highest levels of security.

Do I need to provide ID when using a credit card to trade commodities?

Yes, you will likely need to provide some form of ID when signing up to an online broker. Brokers usually ask for identification when you sign up from simple personal information to an actual copy of a photo ID card.

How to trade commodities with a credit card

Here are the steps you’ll need to take if you choose to fund your account with a credit card.

  1. Find the payments or deposits page on your commodities broker’s website or app.
  2. Select a credit card as your preferred payment option.
  3. Enter your 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 a credit card?
Are there limits to how much of a commodity I can trade with a credit card?
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 a credit card?
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.