Compare the best brokers to trade commodities with Payoneer

It’s easier than ever to use Payoneer to fund your trading account and invest in commodities. Read this guide to find out the best brokers to use.
Updated: Sep 6, 2022
Tip: our preferred broker is, eToro: visit & create account

If you’re looking for a convenient way to fund your commodities broker, Payoneer could be the way to go. This page takes you through the best brokers to use, and what to bear in mind when trading commodities.

Here are the best commodities brokers that accept Payoneer

To help your selection process, we’ve compiled a list of the best brokers that accept Payoneer as a method of payment. Simply follow one of these links to go to one of our trusted partners, or keep reading below if you want to learn more first.

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 Payoneer commodities broker?

They are simply online brokers that allow you to trade commodities using your Payoneer account. A broker is a firm or person who executes orders, getting paid a commission for doing so, and Payoneer is an online money transfer service used all over the world to pay for a variety of goods and services.

Pros and cons

There are benefits and drawbacks of trading in this way. Bear these in mind before signing up.

Pros

  • Easy to use. Payoneer is a fast, easy, and convenient way to make purchases, meaning it’s a reliable choice for trading online.
  • Fast Deposits. You can fund your brokerage account within minutes, allowing you to begin trading immediately.
  • Widely used. Provides cross-border transactions in 200 countries and territories, with a total of 4 million current customers. 

Cons

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

The fees charged for making trades will depend on what platform you sign up to. The best brokers around charge little more than a few pounds per transaction, but the level of commission applied can vary widely between brokers. We have compared the best brokers to help you find the best value services.

What to look for when trading with Payoneer

When shopping for a broker, here are a few key traits to look for.

  • Low transaction charges. Choose a broker that charges the lowest fees possible, as this means you keep more of your money to trade. 
  • Variety of commodities choices. Look for a trading platform that lets you trade all kinds of different assets with Payoneer. Having access only to a limited selection can block you from making profitable trades, or restrict the diversity of your investments.
  • Easy to use. You want to be able to trade with ease, so make sure to use an app with a user-friendly interface.
  • Speed. Look for a broker that will execute your purchases quickly and efficiently so you can take advantage of market movements.
  • Great customer service. In case something goes wrong, you want to be able to talk to someone at your broker. Look for a platform with a solid reputation for customer service.

Is it safe to trade commodities with a Payoneer broker?

Yes, as long as you’re using a reputable and regulated broker. Still, you should always seek out the highest levels of security possible, as different platforms have different security features. The best way to assess your options is to use our reviews to compare them.

Do I need to provide ID when I trade commodities with Payoneer?

Yes, you need to provide ID when. This is because brokers follow KYC (Know Your Customer) guidelines, so you’ll likely be asked to provide personal information when you sign up. That could include anything from your email address to a copy of your passport or driver’s license.

How to trade commodities with Payoneer

Most brokers require just a few simple steps to fund your online account. The steps vary from platform to platform, but usually go something like this.

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