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.
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 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
$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 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 buy 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?

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.