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.
- Commodities markets available: 15
- Minimum deposit: $50
- Account types: CFDs & investing in USD
- Pricing: Gold 0.9, Oil 1.4
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.
Compare eToro versus other commodities brokers
| Commodity Trading Platform | Commodities Available | Minimum Deposit | GMG Rating | More Info | Risk Warning |
|---|---|---|---|---|---|
 | 20 | £100 | See Platform | 69% of retail investor accounts lose money when trading CFDs with this provider | |
 | 20 | £1 | See Platform | 74% of retail investor accounts lose money when trading CFDs with this provider. | |
 | 28 | £1 | See Platform | 75.3% of retail investor accounts lose money when trading CFDs with this provider | |
 | 20 | £1 | See Platform | 64% of retail investor accounts lose money when trading CFDs with this provider | |
 | 22 | £100 | See Platform | 80% of retail investor accounts lose money when trading CFDs with this provider. | |
 | 35 | £250 | See Platform | 69% of retail investor accounts lose money when trading CFDs and spread bets with this provider. | |
 | 100+ | £1 | See Platform | 68% of retail investor accounts lose money when trading CFDs with this provider | |
 | 25 | £1 | See Platform | 65% of retail investor accounts lose money when trading CFDs with this provider | |
 | 15 | $10 | See Platform | 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 | |
 | 20 | £1 | See Platform | 60% of retail investor accounts lose money when trading CFDs with this provider | |
 | 22 | £1 | See Platform | 75% of retail investor accounts lose money when trading CFDs with this provider | |
 | 25 | £10 | See Platform | 66.95% of retail investor accounts lose money when trading CFDs with this provider |
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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.
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