Compare the best brokers to trade commodities with PayPal

Many brokers let you buy and sell commodities using PayPal. In this guide, find the best brokers accepting PayPal in 2022
Updated: Sep 6, 2022

Online brokers are increasingly accepting PayPal as a method of payment for trades. This guide highlights the best commodities brokers, and gives you all the information you need to consider when using your broker in this way.

Here are the best commodities brokers that accept PayPal

We’ve compiled a list of the best brokers that accept PayPal as a method of payment, so you can quickly and easily compare your options.

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 PayPal commodities broker?

A commodity broker is a firm or person who executes orders to trade commodities, usually getting paid a commission to execute these orders. PayPal is one of the world’s largest online payment service providers. We’re looking at brokers that combine both features and allow you to fund your account with PayPal.

Pros and cons

There are various benefits and drawbacks when using a broker that accepts PayPal. Here are some big things to bear in mind.

Pros

  • Easy to use. Once you’ve linked your PayPal to your broker account, trading commodities becomes a quick and easy process.
  • Fast Deposits. You can fund your trades quickly using PayPal, allowing you to begin trading whenever you’re ready and allowing you to take advantage of fluctuations in the market.
  • Secure. Using PayPal means you benefit from the platform’s robust spending security features, helping to protect your money if your chosen broker turns out to be unreliable.

Cons

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

The fees and commissions you have to pay will vary from platform to platform. The good news is that there are brokers that charge little more than a few pounds per transaction. Our broker guides can help you find the platforms with the most competitive fee structures.

What to look for when trading commodities with PayPal brokers

Here are the key aspects to consider when deciding between different trading platforms. 

  • Variety of commodities on offer. Look for a broker that lets you trade all kinds of different commodities with PayPal, as the best defence against sudden price drops in one commodity is to have a diversified portfolio.
  • Easy to use. Your chosen platform should be as easy to use as possible, so you can focus on making trades.
  • Speed. You ideally want to be able to capitalise on short-term market fluctuations, so look for a broker that can execute trades quickly.
  • Low transaction charges. Finding the lowest fees possible should always be on your list of priorities. The less you pay in transaction fees and commissions, the more money you’ll be able to spend on your trades.
  • Great customer service. The trading platform you choose should offer fast, helpful, responsive customer service in case something were to go wrong or you were unsure about an aspect of the platform’s service.

Is it safe to trade commodities with PayPal?

Yes, it is generally safe to buy and sell commodities in this way. That said, different platforms have different security features and it’s important to compare your options. Using our reviews you can assess the security levels of each broker before you make your choice.

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

Yes, you typically need to provide ID. Online commodities brokers follow KYC (Know Your Customer) guidelines, so you may be asked to provide personal information when you sign up. That could include anything from your email address to a copy of a photo ID card or passport.

How to trade commodities with PayPal

Most brokers require just a few simple steps to fund your account. The exact steps vary from broker to broker, but the process tends to go as follows.

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