Compare the best brokers to trade commodities with Neteller

You can buy and sell a variety of commodities with your Neteller eWallet. Find the best brokers to use when making your trades.
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

Neteller is a widely accepted method of payment for online commodities trades, but still not yet universally accepted across the industry. This guide highlights some of the best places to use, and goes through some of the top features offered by each platform.

Here are the best commodities brokers that accept Neteller

We’ve compiled a list of the best trading platforms around. The table below compares them against each other on a range of key metrics. If you still need more information, simply scroll past the table and keep reading.

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 Neteller commodities broker?

A broker is a firm (or person) who executes trades on behalf of their users or clients in exchange for a small commission. Neteller is an e-wallet service that’s popular in Europe. Neteller commodity brokers allow you to use Neteller to fund your trades.

Pros and cons

Trading commodities in this way comes with its own unique set of positives and negatives. Here are the biggest pros and cons to know.

Pros

  • Easy to use. Neteller is a convenient and contactless way to make purchases, making it a good choice for buying commodities online.
  • Fast Deposits. You can fund your broker account quickly using Neteller, allowing you to begin trading commodities as soon as you’re ready.
  • Widely used. Neteller is used by a large number of users, especially in Europe. This means it is becoming accepted by more and more brokers on the continent.

Cons

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

The fees and commissions you’ll get charged will depend on the online broker you use. Still, most affordable commodities brokers may charge little more than a few pounds per transaction. Our in-depth guides and reviews will help you find the best value for making your trades.

What to look for when trading commodities with Neteller

When shopping for a broker, here are a few key traits to look for to make sure you’re using a great platform.

  • User-friendliness. Look for a broker with a trading platform that’s as easy to use as possible. That way you can spend more time focussing on your trades.
  • Speed. You need a trading platform that will execute your purchases quickly and efficiently. The commodity market moves fast and you want to make sure you can capitalise on fluctuations immediately.
  • 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.
  • Variety of commodities choices. Look for a commodity broker that lets you trade all kinds of different commodities with Neteller, assuming versatility is a priority for you. At the very least you should expect popular commodities such as oil.
  • A strong reputation. Strong user reviews and a solid track record can reassure you that the broker you’ve chosen is trustworthy and reliable.

Is it safe to trade commodities with Neteller?

Yes, it is generally safe to buy commodities with Neteller. That said, a top-tier broker can make the trading process even more secure. You can use our broker reviews to compare the different security features available with different brokers.

Do I need to provide ID when I trade commodities with a Neteller broker?

Yes, you will likely need to provide some form of ID when you sign up with a broker to buy commodities with Neteller. That could be something as simple as your email address, or possibly submitting a copy of a photo ID card.

How to trade commodities with Neteller

Different commodities brokers will have slightly different procedures for making trades. However, most platforms require just a few simple steps to fund your online broker account and the process tends to go as follows:

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