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Best Agricultural Commodity Brokers of 2024

Written by BrokerNotes.co

March 14, 2024

Agricultural Commodities Trading

Here are the best brokers for trading agricultural commodities.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

IG

- 9.9/10 Overall
Interactive Brokers

- 9.9/10 Overall
Saxo - 9.7/10 Overall
CMC Markets - 9.6/10 Overall
FOREX.com

- 9.4/10 Overall
City Index - 9.3/10 Overall
XTB - 9.1/10 Overall
eToro - 8.8/10 Overall
Capital.com - 8.7/10 Overall

star 9.9/10 Overall

Summary Review Trading Platforms

Minimum Deposit	£250.00
Tier-1 Licenses	8
Tradeable Symbols (Total)	19537

Year after year, IG has shown itself to be the best broker in the forex industry and a fantastic choice for forex traders. Highly trusted and regulated across the globe, IG delivers a wide variety of rich features, market research, and powerful trading tools. Fans of copy trading will appreciate IG’s seamless integration of trading signals into its web platform. Read full review

Apple iOS App	Yes
Android App	No
Proprietary Platform	Yes
Desktop Platform (Windows)	Yes
Web Platform	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	No

star 9.9/10 Overall

Summary Review Trading Platforms

Minimum Deposit	$0
Tier-1 Licenses	9
Tradeable Symbols (Total)	8500

Interactive Brokers is a highly trusted broker regulated across the globe that delivers access to over 100 markets, including forex and CFDs. Its Trader Workstation (TWS) platform offers a variety of advanced trading tools for experienced traders, and IBKR's web-based platform is great for beginner forex traders. Read full review

Apple iOS App	Yes
Android App	No
Proprietary Platform	Yes
Desktop Platform (Windows)	Yes
Web Platform	Yes
MetaTrader 4 (MT4)	No
MetaTrader 5 (MT5)	No

star 9.7/10 Overall

Summary Review Trading Platforms

Minimum Deposit	$0
Tier-1 Licenses	7
Tradeable Symbols (Total)	70000

Saxo is a highly trusted broker that operates multiple banks and is regulated across the globe. Saxo delivers an incredible cross-platform experience alongside powerful research and a vast selection of more than 60,000 symbols across multiple asset classes. It’s worth noting that minimum deposits at Saxo are steep. Read full review

Apple iOS App	Yes
Android App	No
Proprietary Platform	Yes
Desktop Platform (Windows)	Yes
Web Platform	Yes
MetaTrader 4 (MT4)	No
MetaTrader 5 (MT5)	No

Read Review

star 9.6/10 Overall

Summary Review Trading Platforms

Minimum Deposit	$0
Tier-1 Licenses	5
Tradeable Symbols (Total)	11925

CMC Markets is a highly trusted multi-asset broker regulated in multiple Tier-1 jurisdictions. CMC's powerful Next Generation trading platform for web and mobile delivers a huge selection of markets and a fantastic user experience. CMC Markets also ranks highly for its high-quality research and educational content. Read full review

Apple iOS App	Yes
Android App	No
Proprietary Platform	Yes
Desktop Platform (Windows)	Yes
Web Platform	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	No

Read Review

star 9.4/10 Overall

Summary Review Trading Platforms

Minimum Deposit	$100
Tier-1 Licenses	7
Tradeable Symbols (Total)	5500

FOREX.com is a highly trusted brand with a long history of offering forex in the U.S. and across the globe. FOREX.com offers its own flagship trading platforms for web and desktop, as well as the full MetaTrader suite. Though its pricing is higher than average, FOREX.com is a balanced choice for traders of all experience levels. Read full review

Apple iOS App	Yes
Android App	No
Proprietary Platform	Yes
Desktop Platform (Windows)	Yes
Web Platform	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	Yes

star 9.3/10 Overall

Summary Review Trading Platforms

Minimum Deposit	£100.00
Tier-1 Licenses	7
Tradeable Symbols (Total)	13500

City Index, part of StoneX Group, is an award-winning, highly trusted broker with a long history of offering forex and CFDs across its global offices. City Index delivers a well-designed mobile trading app and a powerful web platform, as well as a large range of tradeable markets (though pricing is just average). Read full review

Apple iOS App	Yes
Android App	No
Proprietary Platform	Yes
Desktop Platform (Windows)	Yes
Web Platform	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	No

Read Review

star 9.1/10 Overall

Summary Review Trading Platforms

Minimum Deposit	$0 info
Tier-1 Licenses	2
Tradeable Symbols (Total)	6200

XTB is a highly trusted brand with a proprietary platform (xStation 5) that delivers a rich selection of trading tools. XTB also offers CFDs for a wide range of asset classes, including multiple cryptocurrencies. Beginners will appreciate XTB's excellent educational content and the hundreds of lessons that are available via its Trading Academy. Read full review

Apple iOS App	Yes
Android App	No
Proprietary Platform	Yes
Desktop Platform (Windows)	Yes
Web Platform	Yes
MetaTrader 4 (MT4)	No
MetaTrader 5 (MT5)	No

Read Review

star 8.8/10 Overall

Summary Review Trading Platforms

Minimum Deposit	$50-$10,000
Tier-1 Licenses	3
Tradeable Symbols (Total)	3479

Best known for its copy trading platform suite, eToro is a highly trusted broker offering a large selection of cryptocurrency products, CFDs, shares, forex pairs, and a wide range of powerful trading tools. It’s worth noting that eToro is not a discount broker (though it offers zero-dollar commissions for U.S. stocks). Read full review

Apple iOS App	Yes
Android App	No
Proprietary Platform	Yes
Desktop Platform (Windows)	No
Web Platform	Yes
MetaTrader 4 (MT4)	No
MetaTrader 5 (MT5)	No

Read Review

star 8.7/10 Overall

Summary Review Trading Platforms

Minimum Deposit	$20 info
Tier-1 Licenses	3
Tradeable Symbols (Total)	3007

Capital.com delivers an innovative trading platform, powerful market research, and an impressive range of educational content. Capital.com also offers a growing number of tradeable markets, and the broker's competitive pricing puts it in the same category as the best low-cost forex brokers. Read full review

Apple iOS App	Yes
Android App	No
Proprietary Platform	Yes
Desktop Platform (Windows)	Yes
Web Platform	Yes
MetaTrader 4 (MT4)	Yes
MetaTrader 5 (MT5)	No

Read Review

History of Agricultural Commodities

The trading of agricultural commodities dates back to 8,500 BC when an agricultural revolution led to the trading of agricultural products between different settlements. The futures market for agricultural products developed during this period due to the fact that price changes were affecting the profitability of businesses and sellers searched for ways to earn while they waited for a suitable buyer. In addition, traders had to find suitable storage solutions for their stock, which could be costly.

The very first agricultural futures traded was rice as far back as the 17th century in Japan.

However, there are some conflicting views on whether that was actually the first time that futures trading occurred. In the 1800s, farmers found that their perishable items would rot or lose quality the longer they had to be stored. At the same time, price changes would eat into any expected profitability. This led to the creation of the first forward contract whereby the price was determined beforehand and the buyer was allowed to make payment before receiving the goods.

The proliferation of forward contracts led to the first American Exchange, called the Chicago Board of Trade (CBOT) which was established in Chicago in the year 1848. This body standardised the entire process and gave rise to standard futures contracts. The trading of agricultural commodities eventually gave rise to the trading of precious metals and financial futures. The S&P 500 and other indices were included among tradable futures in the 1980s and 1990s. Some of the top commodity exchanges in the world are as follows:

Top Agricultural commodity exchanges in the world are as follows:

The Chicago Mercantile Exchange (CME) Headquartered in Chicago and offers a range of contracts apart from commodity contracts.
Intercontinental Exchange Inc. (ICE) USA based exchange.
Multi Commodity Exchange (MCX) Based in Mumbai, India.
Dalian Commodity Exchange (DCE - based in China and founded in 1993.
Shanghai Futures Exchange (SFE) based in Shanghai, China. The only agricultural commodity currently traded on this exchange is natural rubber.
Nasdaq Commodities OMX - based in New York. Seafood is the only agricultural commodity traded on this exchange.
BMF Bovespa - based in Sao Paulo, Brazil. This exchange trades a wide range of agricultural commodities.

BrokerNotes.co 2024 Overall Rankings

To recap, here are our top forex brokers for 2024, sorted by Overall ranking.

Company	Overall Rating	Minimum Deposit	Average Spread EUR/USD - Standard	Trust Score	Tradeable Symbols (Total)	Read Review	Visit Site
IG	9.9	£250.00	0.98 info	99	19537	IG Review
Interactive Brokers	9.9	$0	0.63 info	99	8500	Interactive Brokers Review
Saxo	9.7	$0	1.1 info	99	70000	Saxo Review	Read Review
CMC Markets	9.6	$0	0.61 info	99	11925	CMC Markets Review	Read Review
FOREX.com	9.4	$100	1.4 info	99	5500	FOREX.com Review
Charles Schwab	9.3	$0	1.25 info	99	40000	Charles Schwab Review	Read Review
City Index	9.3	£100.00	1.4 info	99	13500	City Index Review	Read Review
XTB	9.1	$0 info	1.00 info	96	6200	XTB Group Review	Read Review
eToro	8.8	$50-$10,000	1 info	90	3479	eToro Review	Read Review
Capital.com	8.7	$20 info	0.67 info	87	3007	Capital.com Review	Read Review
Swissquote	8.8	$1000	N/A info	99	472	Swissquote Review	Read Review
AvaTrade	8.7	$100	0.93 info	94	1260	AvaTrade Review	Read Review
Plus500	8.6	€100	1.5 info	99	5500 info	Plus500 Review	Read Review
FXCM	8.5	Starts from $50	0.78 info	95	440	FXCM Review	Read Review
OANDA	8.5	$0	1.61 info	93	3928 info	OANDA Review	Read Review
Pepperstone	8.4	$0	1.10 info	95	1726	Pepperstone Review	Read Review
XM Group	8.4	$5	1.6 info	88	1394	XM Group Review	Read Review
Admirals	8.5	$100	0.8 info	93	8702	Admiral Markets Review	Read Review
FP Markets	8.3	$100 AUD	1.1 info	87	10000	FP Markets Review	Read Review
Tickmill	8.1	$100	0.51 info	86	725	Tickmill Review	Read Review
IC Markets	8.1	$200	0.62 info	84	3583	IC Markets Review	Read Review
FxPro	8.1	$100	1.51 info	90	2249	FxPro Review	Read Review
Markets.com	8.1	$100	1.9 info	93	2179	Markets.com Review	Read Review
FinecoBank	8.0	$0	N/A info	94	9770	Fineco Bank Review	Read Review
BlackBull Markets	8.0	$0	0.76 info	78	26000	BlackBull Markets Review	Read Review
Vantage	8.0	$50	1.30 info	90	1000	Vantage Review	Read Review
ThinkMarkets	7.8	$0 info	1.1 info	92	4000	ThinkMarkets Review	Read Review
HYCM (Henyep Capital Markets)	7.9	$20	1.2 info	86	1199	HYCM Review	Read Review
HFM	7.9	$0	1.2 info	86	500	HFM Review	Read Review
DooPrime	7.8	$100	N/A info	83	10000	DooPrime Review	Read Review
Questrade		$1000	N/A	86	641
ActivTrades	7.7	0	0.98 info	81	1267
Trading 212	7.7	€10	1.9 info	79	8025	Trading 212 Review	Read Review
BDSwiss	7.7	$10-$5000 info	1.6 info	76	1081	BDSwiss Review	Read Review
Trade Nation	7.6	$0	0.6	85	1000	Trade Nation Review	Read Review
TMGM	7.6	$100	N/A info	83	12000	TMGM Review	Read Review
Eightcap	7.5	$100	1.0 info	85	736	Eightcap Review	Read Review
Moneta Markets	7.5	$50	1.38 info	72	1016	Moneta Markets Review	Read Review
Spreadex	7.2	$0	0.81 info	71	10000	Spreadex Review	Read Review
Exness	7.0	$10 info	N/A	81	227	Exness Review	Read Review
ACY Securities	7.4	$50	1.2 info	75	2200	ACY Securities Review	Read Review
easyMarkets	7.3	$50	0.8 info	80	230	easyMarkets Review	Read Review
RoboForex	7.3	$100	1.3 info	73	8400	Roboforex (RoboMarkets) Review	Read Review
VT Markets	7.3	$100	1.2 info	70	1000	VT Markets Review	Read Review
Octa	7.2	$25	0.9 info	70	277	OctaFX Review	Read Review
IronFX	7.2	$50	1.2	83	340	IronFX Review	Read Review
IFC Markets	7.2	$1	1.44 info	67	630	IFC Markets Review	Read Review
Trade360	7.2	$250	N/A info	76	1062	Trade360 Review	Read Review
Axi	7.1	$0	N/A info	81	175	Axitrader Review	Read Review
TeleTrade	7.1	$100	N/A	71	500	Teletrade Review	Read Review
iFOREX	7.0	$100	N/A	75	750	iFOREX Review	Read Review
FXOpen	7	$100	N/A info	76	87	FXOpen Review	Read Review
Xtrade	6.5	$250	N/A info	74	482	Xtrade Review	Read Review
FXPrimus	7.0	$100	N/A info	71	140	FXPrimus Review	Read Review
Forex4you	6.9	$0	N/A info	61	150	Forex4you Review	Read Review
GBE brokers	6.8	$500	N/A info	71	500	GBE Brokers Review	Read Review
Alpari	6.8	$20	N/A info	68	105	Alpari Review	Read Review
MultiBank	7.5	$50	N/A	84	1042	MultiBank Review	Read Review
TopFX	6.7	Depends on payment method	1.03 info	67	655	TopFX Review	Read Review
Libertex (Forex Club)	6.7	$10	N/A info	73	300	Libertex Review	Read Review
LegacyFX	6.7	$500	N/A	67	425	LegacyFX Review	Read Review
FXGT.com	6.6	$5	N/A	69	117	FXGT Review	Read Review
ATFX	6.5	$500	N/A info	85	150	ATFX Review	Read Review

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