61% 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
Is eToro any good for commodities trading? Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated Is eToro any good for commodities trading? across five key areas of our review framework.
- Pricing4.0
- Market Access4.0
- App & Platform5.0
- Customer Service4.0
- Research & Analysis4.5
Pros
- Commission free trading
- Lots of markets
- Easy to use
Cons
- High overnight financing
- Now direct market access
- Basic order types
See full expert review
Our verdict
Wit eToro, trading commodities is very 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.
61% 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
Is eToro good for commodities trading?
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: 43
- Minimum deposit: $50
- Account types: CFDs & investing in USD
- Pricing: Gold 0.9, Oil 1.4
eToro is pretty good for investing in commodities as there is a wide range of USD denomiated ETFs and some good portfolios to copy. eToro has also recently improved it’s commodities trading by adding round-the-clock trading gold trading. After rolling out 24/5 trading on all S&P 500 and NASDAQ 100 stocks, the platform has now launched 24/7 trading for gold (listed as GOLD.24-7), with plans to add more assets over time.
61% 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 moneyCompare eToro with other commodities brokers.
| Commodity Broker | Commodities Available | CFDs | Spreads | Futures | Options | MT4/5 | Customer Rating | More Info |
|---|---|---|---|---|---|---|---|---|
| 20 | ✔️ | ✔️ | ❌ | ✔️ | ✔️ | (Based on 125 reviews) | See Platform 69% of retail investor accounts lose money |
| 20 | ✔️ | ✔️ | ❌ | ❌ | ✔️ | (Based on 21 reviews) | See Platform 74% of retail CFD accounts lose money. |
| 28 | ✔️ | ✔️ | ❌ | ❌ | ✔️ | (Based on 110 reviews) | See Platform 73% of retail investor accounts lose money |
| 22 | ✔️ | ❌ | ❌ | ❌ | ❌ | (Based on 146 reviews) | See Platform 76% of retail investor accounts lose money |
| 20 | ✔️ | ❌ | ✔️ | ✔️ | ❌ | (Based on 1,375 reviews) | See Platform 59.7% of retail investor accounts lose money |
| 20 | ✔️ | ✔️ | ❌ | ❌ | ❌ | (Based on 272 reviews) | See Platform 61% of retail investor accounts lose money |
| 35 | ✔️ | ✔️ | ✔️ | ✔️ | ✔️ | (Based on 746 reviews) | See Platform 70% of retail investor accounts lose money |
 | 100 | ✔️ | ✔️ | ❌ | ❌ | ✔️ | (Based on 237 reviews) | See Platform 69% of retail investor accounts lose money |
| 25 | ✔️ | ❌ | ✔️ | ✔️ | ✔️ | (Based on 137 reviews) | See Platform 62% of retail investor accounts lose money |
| 43 | ✔️ | ❌ | ❌ | ❌ | ❌ | (Based on 283 reviews) | See Platform 61% of retail investor accounts lose money |
| 22 | ✔️ | ✔️ | ❌ | ❌ | ❌ | (Based on 139 reviews) | See Platform74% 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.