Compare the best brokers to trade commodities with debit card

Funding your commodities trades with a debit card is quick, easy, and widely accepted among online brokers. Find the best commodity 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

Debit cards are one of the most commonly used payment methods for online commodities trades. 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
$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 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 guides 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?

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.