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.
Updated: Sep 6, 2022
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 commodities brokers 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
$ 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 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 commodities 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?


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.