Yes, you can trade commodities with eToro as a CFD or by buying a commodity-based ETF like GLD if you want to invest in gold. eToro is a long way from being the best commodities broker as they only offer a limited range of the most popular commodities like oil (15) compared to CMC Markets (100+) and they do not offer on-exchange futures contracts like Interactive Brokers or Saxo Markets. However, if you are happy to only trade in USD and commodities trading forms only a small part of your portfolio or universe eToro is suitable for most beginner commodity speculators.
eToro Commodity Trading Review
Name: eToro Commodity Trading
Description: At eToro, trading commodities is straightforward. eToro’s platform is easy to use and enables traders and investors to trade a wide range of commodities. You also get the benefit of being able to set your own leverage when trading commodity CFDs, so you can reduce your risk by increasing your margin rates.
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Summary
- Commodities markets available: 15
- Minimum deposit: $50
- Account types: CFDs & investing in USD
- Pricing: Gold 0.9, Oil 1.4
Pros
- Social and copy commodities trading
- Set you own commodities leverage
- Easy to use
Cons
- Accounts must be in USD
- High FX conversion charges
- No commodities spread betting or DMA trading
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Pricing
(3.5)
-
Market Access
(4)
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Online Platform
(4)
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Customer Service
(3.5)
-
Research & Analysis
(4)
Overall
3.8
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
