Compare the best brokers to trade commodities with Paysafecard

Buying and selling commodities with a Paysafecard is becoming increasingly popular. Find the best brokers to use.
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

Paysafecard is a fast, easy, and anonymous payment method that you can use to trade commodities online. On this page we take you through the best platforms to use to do this, and the factors to consider when using one.

Here are the best commodities brokers that accept Paysafecard

To help your selection process, we’ve compiled a list of the best brokers to buy commodities with Paysafecard. If you’re ready to trade, simply follow one of these links – or keep reading if you need more information first.

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 Paysafecard commodities broker?

A broker is a company or person who executes trades on behalf of their clients or users, getting paid a commission to place orders. Paysafecard is a prepaid online payment method based on a 16-digit PIN code that doesn’t require you to link to a debit card or credit card. A Paysafecard commodity broker is a trading platform that combines both of those features.

Pros and cons

Trading commodities in this way comes with both benefits and drawbacks, the most notable of which are outlined below.

Pros

  • Anonymous. Paysafecard does not require you to link to a bank account, credit card, or any other financial medium that leaves a digital trail. That’s a big plus for privacy-minded investors.
  • Easy to buy. You can buy and load a Paysafecard at hundreds of thousands of markets, bars, and shops around the world.
  • Fast. You can fund your account within minutes, allowing you to begin trading whenever you’re ready.

Cons

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

Commissions vary from platform to platform, but the most affordable commodities brokers will charge little more than a few pounds per transaction. Read our reviews to find the services that charge the lowest fees and commissions.

What to look for in Paysafecard commodity brokers

When choosing between brokers, consider the following factors to make sure you’re making the right choice.

  • Easy to use. You want to focus on trading, so make sure to select a trading platform that is as easy to use as possible.
  • Speed. Look for a broker that will execute your trades quickly and efficiently so you can react to events.
  • Low transaction charges. You want a platform that charges the lowest fees possible. The less you pay in transaction fees and commissions, the more money you have available to make commodity trades.
  • Great customer service. In case something goes wrong, you want access to high quality customer service – ideally 24/7.
  • Variety of commodities choices. The best strategy is always to diversify your investments, so look for a broker that offers a wide range of commodities to trade.

Is it safe to buy commodities with Paysafecard?

Yes, it is generally safe to trade using your Paysafecard. Still, you should always seek out the highest levels of security possible, and the security features of each platform will vary. We profile some of the most secure brokers on this page, and you can learn more in our in-depth reviews.

Do I need to provide ID when I buy commodities with Paysafecard?

Not necessarily. Paysafecard lets you make purchases using a 16-digit code, rather than linking to a debit or credit card. That said, many commodities brokers follow KYC (Know Your Customer) guidelines, which often require them to ask for identification when you sign up. So if privacy matters to you, look for a commodity broker that lets you take advantage of the anonymity that making purchases with Paysafecard can offer.

How to trade commodities with Paysafecard

Most platforms require just a few simple steps to fund your online account. The precise steps will vary, but in general the process looks like this.

  1. Find the payments or deposits page on your commodities broker’s website or app.
  2. Select Paysafecard as your preferred payment option.
  3. Enter your 16-digit code linked to your Paysafecard.
  4. Enter the amount of money you wish to deposit into your trading account.
  5. Click confirm.

FAQs

What are commodities?
What are soft commodities?
What commodities can I trade with Paysafecard?
Are there limits to how much of a commodity I can trade with a Paysafecard?
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 Paysafecard?
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.