Compare the best Venmo commodities brokers

Many online brokers now accept Venmo as a payment method for commodities trades. Find the best platforms right here for 2022.
Updated: Sep 6, 2022
Tip: our preferred broker is, eToro: visit & create account

Venmo can be a fast and easy payment method when funding brokers for trading commodities, particularly if you already use it as part of your day-to-day spending. Keep reading to learn more about the best brokers that accept Venmo payments.

Here are the best commodities brokers that accept Venmo

Click any of the links below to find some of the best trading platforms around. These are the best way to trade commodities with Venmo, and have been chosen by our team of financial experts. Otherwise, scroll down and keep reading if you need more information.

Min. Deposit
$ 10
User Score
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:
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.
Min. Deposit
$ 100
User Score
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.
Min. Deposit
$ 0
User Score
$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 Venmo commodities broker?

They’re simply online services that allow you to sell and buy commodities using Venmo as a payment method. Venmo is a US-based mobile payment service that handles billions of dollars in personal transactions each year.

Pros and cons

Using any broker comes with various benefits and drawbacks. Here are the pros and cons to bear in mind.


  • Easy to use. Once you’ve linked your Venmo to your online broker account, buying commodities is quick and easy.
  • Fast. You can fund your account in minutes allowing you to begin trading assets such as gold and oil as soon as you like.


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

The best brokers charge little more than a few pounds per transaction. Read our comprehensive reviews to find the best platforms that offer great value so you can save more of your money for trading.

What to look for when trading commodities with Venmo

When selecting a commodity broker, you need to consider more than just ensuring they accept Venmo payments. Here are the factors to look into to make sure the platform provides a good service.

  • Low transaction fees. Keeping fees low frees up more of your money to make trades, so make sure your chosen platform has a competitive fee structure.
  • Variety of commodities available to trade. You don’t want to put all your money into one commodity, so look for a broker that offers a wide range of different assets.
  • Easy to use. Seek out a trading platform that’s as easy to use as possible. You want your broker to aid you in placing trades, not get in the way.
  • A strong reputation. The best brokers earn strong reviews from individual users as well as independent websites. You can start your vetting process right here on this site.
  • Great customer service. If things go wrong you need to be sure you can easily contact your chosen broker. Make sure they offer responsive customer service before signing up.

Is it safe to trade commodities with Venmo?

Yes, in general Venmo is a safe and secure way to fund commodity purchases. Different brokers have different security protocols though, so use our in-depth reviews to find the platforms that can be best trusted with your money.

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

Yes, you will likely need to provide some form of ID. Online commodities brokers follow KYC (Know Your Customer) guidelines, which means brokers usually ask for identification when you sign up. The identification required can range from an email address to a photo ID such as a passport.

How to trade commodities with Venmo

Most Venmo brokers require just a few simple steps to fund your online account, and the steps usually go like this:

  1. Find the payments or deposits page on your commodity broker’s website or app.
  2. Select Venmo 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


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