Compare the best brokers to trade commodities with debit card

Funding your commodities trades with a debit card is quick and easy. Find the best brokers accepting debit cards in 2022 on this page.
Updated: Sep 6, 2022
Tip: our preferred broker is, eToro: visit & create account

Debit cards are one of the most commonly used payment methods for online commodities trading brokers. Keep reading to see how to trade commodities using your debit card, and the pros and cons of doing so.

Here are the best commodities brokers that accept debit cards

We’ve compiled a list of the best debit card commodity brokers, all reviewed by our team of experts. You can compare them all in the table below, or keep reading if you want to know more.

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 debit card commodities broker?

A commodities broker is a firm (or person) who executes orders to trade commodities, getting paid commission for doing so. What we’re looking at are brokers that allow you to use your debit card to fund your trades.

Pros and cons

Here are the biggest benefits and drawbacks to be aware of.

Pros

  • Convenient. If you already use a debit card for everyday purchases, you can simply use that same card to trade commodities online. Just link your debit card to your brokerage account and you can start trading.
  • Fast Deposits. You can fund your broker account quickly using a debit card, allowing you to begin trading commodities as soon as you want.

Cons

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

The fees and commissions charged when using a debit card to trade commodities will vary depending on the broker that processes your trades. That said, most leading brokers charge little more than a few pounds per transaction. Our broker reviews help you find the best value around.

What to look when trading commodities with a debit card

These are the aspects of each broker you want to assess before choosing the service you want to use for commodity trading.

  • 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 carry out trades.
  • Variety of commodities choices. Look for a broker that lets you trade all kinds of different commodities with a debit card, as you don’t want to put all your money into just one or two investments. Depending on your area of expertise that might mean finding a platform that lets you trade a range of crop commodities like corn and barley.
  • Easy to use. The trading platform you choose should be as easy to use as possible, so you can spend all your time honing your trading strategy.
  • Speed. Don’t settle for a slow broker, as commodity markets move quickly and you need to be able to make trades fast and efficiently.
  • Great customer service. The broker you choose should offer fast and helpful customer service. If you find a broker that offers customer service on a 24/7 basis, that’s even better. 

Is it safe to trade commodities with debit card?

Yes, it is generally safe to buy commodities with a debit card. That said, the best brokers make the trading process even more secure with a range of different features – so look for an online trading platform that offers the highest levels of security. Using our broker reviews you can quickly see the relative security of each brokerage.

Do I need to provide ID when trading commodities with debit card?

Yes, you typically need to provide some form of ID when funding your trades with a debit card. Commodity brokers will ask for at least one piece of identification when you sign up. That could be something as simple as your email address, or a more involved process that may include submitting a copy of a photo ID card such as a driving license or passport.

How to trade commodities with debit card

Here are the steps you need to take when trading commodities with your debit card.

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