Compare the best brokers to trade commodities with Skrill

You can use a range of brokers to buy and sell commodities with Skrill. Find the best platforms and their most notable features here.
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

If you’re new to commodities trading, Skrill can be a fast and easy payment method that you can use to trade online. Read on to learn more a where you can do this and what to consider when trading.

Here are the best commodities brokers that accept Skrill

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

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 Skrill commodities broker?

A broker is a person or online platform that executes orders on behalf of clients, getting paid a commission for doing so. Skrill is an e-wallet platform that enables users to make payments and money transfers online for goods and services. In this case we’re talking about trading platforms that combine both features.

Pros and cons

Using this payment method for trading with an online broker has its benefits and drawbacks. Here’s a summary of what to think about.

Pros

Cons

  • Not universally accepted. Skrill is not as widely accepted by commodity brokers as more conventional methods such as bank transfers and debit cards.

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

Each broker’s commissions are different, but the best brokers will charge little more than a few pounds per transaction. Sometimes payment methods such as Skrill can come with higher fees than more traditional options, like using a credit card.

What to look for when using Skrill to buy commodities

To make sure you’re choosing the right platform, look at the following factors when comparing online trading platforms.

  • Low transaction fees. Choose a broker that charges low fees and you’ll have more money available to make trades.
  • Variety of choices. If you value variety, you’ll want to find a platform that lets you trade all kinds of different commodities with Skrill.
  • Easy to use. Seek out a broker with a trading platform that’s as easy to use as possible, you don’t want to end up using an interface you find confusing and which can hamper your trades.
  • Speed. Look for an app that will execute your purchases quickly and efficiently so you can react to market movements.
  • Great customer service. In case something goes wrong, you want to ensure your chosen platform offers reliable customer service.

Is it safe to trade commodities with Skrill?

Yes, it is generally safe to connect your Skrill wallet with your online broker. Make sure you choose a regulated platform, however, and consult our reviews to find the brokers that offer the best security features.

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

Yes, you will likely need to provide some form of ID. Online brokers follow KYC (Know Your Customer) guidelines, so they will usually ask for identification when you sign up. You may be asked to provide personal information such as your email address, and possibly even a copy of your passport or driver’s license.

How to trade commodities with Skrill

Most brokers require just a few simple steps to fund your account. In general these are the steps you need to follow.

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