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 Broker | Commodities Available | CFDs | Spreads | Futures | Options | MT4/5 | Customer Rating | More Info |
|---|---|---|---|---|---|---|---|---|
 | 20 | ✔️ | ✔️ | ❌ | ✔️ | ✔️ | (Based on 124 reviews) | See Platform 71% of retail investor accounts lose money |
 | 20 | ✔️ | ✔️ | ❌ | ❌ | ✔️ | (Based on 16 reviews) | See Platform 76% of retail investor accounts lose money |
 | 28 | ✔️ | ✔️ | ❌ | ❌ | ✔️ | (Based on 86 reviews) | See Platform 75.3% of retail investor accounts lose money |
 | 22 | ✔️ | ❌ | ❌ | ❌ | ❌ | (Based on 144 reviews) | See Platform 80% of retail investor accounts lose money |
 | 20 | ✔️ | ❌ | ✔️ | ✔️ | ❌ | (Based on 934 reviews) | See Platform 60% of retail investor accounts lose money |
 | 20 | ✔️ | ✔️ | ❌ | ❌ | ❌ | (Based on 257 reviews) | See Platform 64% of retail investor accounts lose money |
 | 35 | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | (Based on 678 reviews) | See Platform 69% of retail investor accounts lose money |
 | 100 | ✔️ | ✔️ | ❌ | ❌ | ✔️ | (Based on 148 reviews) | See Platform 70% of retail investor accounts lose money |
 | 25 | ✔️ | ❌ | ✔️ | ✔️ | ✔️ | (Based on 73 reviews) | See Platform 65% of retail investor accounts lose money |
 | 15 | ✔️ | ❌ | ❌ | ❌ | ❌ | (Based on 277 reviews) | See Platform 51% of retail investor accounts lose money |
 | 22 | ✔️ | ✔️ | ❌ | ❌ | ❌ | (Based on 136 reviews) | See Platform75% of retail investor accounts lose money |
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 The Sunday Times, 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.
You can contact Richard at richard@goodmoneyguide.com
