Best Agricultural Forex Brokers
Written by Marcus Taylor
December 27, 2022
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 65% and 82% 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
- Saxo Bank - 9.7/10 Overall
- Interactive Brokers - 9.7/10 Overall
- CMC Markets - 9.6/10 Overall
-
FOREX.com
- 9.3/10 Overall
- City Index - 9.2/10 Overall
- XTB - 9/10 Overall
- eToro - 8.8/10 Overall
- Swissquote - 8.7/10 Overall
Overall Rating
9.9
/ 10
Minimum Initial Deposit
£250.00
Trust Score
Highly Trusted
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Cost & Funding
| Average Spread EUR/USD - Standard | 0.86 (September 2022) |
| All-in Cost EUR/USD - Active | 0.5957 (September 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 1974 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Tier-1 Licenses | 7 |
| Tier-2 Licenses | 2 |
Investment Options
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 19537 |
| Forex Pairs (Total) | 100 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 33 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
9.7
/ 10
Minimum Initial Deposit
€2,000
Trust Score
Highly Trusted
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Cost & Funding
| Average Spread EUR/USD - Standard | 0.9 (September 2022) |
| All-in Cost EUR/USD - Active | 0.7 (September 2022) |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 1992 |
| Publicly Traded (Listed) | No |
| Bank | Yes |
| Tier-1 Licenses | 6 |
| Tier-2 Licenses | 1 |
Investment Options
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 60000 |
| Forex Pairs (Total) | 190 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 62 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
9.7
/ 10
Minimum Initial Deposit
$0
Trust Score
Highly Trusted
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Cost & Funding
| Average Spread EUR/USD - Standard | 0.6 (Aug 2022) |
| All-in Cost EUR/USD - Active | 0.6 (Aug 2022) |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | No |
Regulation
| Year Founded | 1977 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 8 |
| Tier-2 Licenses | 1 |
Investment Options
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 8500 |
| Forex Pairs (Total) | 90 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 128 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
9.6
/ 10
Minimum Initial Deposit
$0
Trust Score
Highly Trusted
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Cost & Funding
| Average Spread EUR/USD - Standard | 0.51 (August 2022) |
| All-in Cost EUR/USD - Active | 0.51 (August 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 1989 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 5 |
| Tier-2 Licenses | 1 |
Investment Options
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 12377 |
| Forex Pairs (Total) | 158 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 84 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
9.3
/ 10
Minimum Initial Deposit
$100
Trust Score
Highly Trusted
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Cost & Funding
| Average Spread EUR/USD - Standard | 1.0 (July 2022) |
| All-in Cost EUR/USD - Active | 1.0 (July 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 1999 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 2 |
Investment Options
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 5500 |
| Forex Pairs (Total) | 91 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | No |
| Charting - Indicators / Studies (Total) | 203 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
9.2
/ 10
Minimum Initial Deposit
£100.00
Trust Score
Highly Trusted
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Cost & Funding
| Average Spread EUR/USD - Standard | 1.0 (July 2022) |
| All-in Cost EUR/USD - Active | 1.0 (July 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 1983 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 3 |
| Tier-2 Licenses | 2 |
Investment Options
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 13500 |
| Forex Pairs (Total) | 84 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 88 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
9
/ 10
Minimum Initial Deposit
$0
Trust Score
Highly Trusted
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Cost & Funding
| Average Spread EUR/USD - Standard | 1.07 (Q3 2022) |
| All-in Cost EUR/USD - Active | 1.04 (Q3 2022) |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 2002 |
| Publicly Traded (Listed) | Yes |
| Bank | No |
| Tier-1 Licenses | 1 |
| Tier-2 Licenses | 3 |
Investment Options
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 12000 |
| Forex Pairs (Total) | 49 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 39 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
Overall Rating
8.8
/ 10
Minimum Initial Deposit
$10-$10,000
Trust Score
Highly Trusted
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Cost & Funding
| Average Spread EUR/USD - Standard | 1 (August 2021) |
| All-in Cost EUR/USD - Active | N/A |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 2007 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 2 |
| Tier-2 Licenses | 1 |
Investment Options
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 3458 |
| Forex Pairs (Total) | 49 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 66 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | No |
| Economic Calendar | Yes |
Overall Rating
8.7
/ 10
Minimum Initial Deposit
$1000
Trust Score
Highly Trusted
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Cost & Funding
| Average Spread EUR/USD - Standard | N/A |
| All-in Cost EUR/USD - Active | N/A |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
Regulation
| Year Founded | 1996 |
| Publicly Traded (Listed) | Yes |
| Bank | Yes |
| Tier-1 Licenses | 4 |
| Tier-2 Licenses | 1 |
Investment Options
| Forex Trading | No |
| Mobile Trading - Forex or CFDs | Yes |
| Tradeable Symbols (Total) | 466 |
| Forex Pairs (Total) | 78 |
| Bitcoin | Yes |
Trading Platforms
| Virtual Trading (Demo) | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Proprietary Platform | Yes |
| Social Trading / Copy Trading | Yes |
| Charting - Indicators / Studies (Total) | 49 |
Apps & Tools
| Android App | Yes |
| Apple iOS App | Yes |
| Has Education - Forex or CFDs | Yes |
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Economic Calendar | Yes |
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 2023 Overall Rankings
To recap, here are our top forex brokers for 2023, sorted by Overall ranking.
| Company | Overall Rating | Minimum Initial Deposit | Average Spread EUR/USD - Standard | Trust Score | Trust Score | Tradeable Symbols (Total) | Visit Site |
 IG
|
9.9 | £250.00 | 0.86 (September 2022) | 99 | Highly Trusted | 19537 |
Visit Site
|
|
Saxo Bank
|
9.7 | €2,000 | 0.9 (September 2022) | 99 | Highly Trusted | 60000 | |
|
Interactive Brokers
|
9.7 | $0 | 0.6 (Aug 2022) | 99 | Highly Trusted | 8500 | |
|
CMC Markets
|
9.6 | $0 | 0.51 (August 2022) | 99 | Highly Trusted | 12377 | |
 TD Ameritrade
|
9.5 | $0 | 1.25 pips (September 2022) | 99 | Highly Trusted | 0 | |
 FOREX.com
|
9.3 | $100 | 1.0 (July 2022) | 99 | Highly Trusted | 5500 |
Visit Site
|
|
City Index
|
9.2 | £100.00 | 1.0 (July 2022) | 99 | Highly Trusted | 13500 | |
|
XTB
|
9 | $0 | 1.07 (Q3 2022) | 95 | Highly Trusted | 12000 | |
|
eToro
|
8.8 | $10-$10,000 | 1 (August 2021) | 93 | Highly Trusted | 3458 | |
|
Swissquote
|
8.7 | $1000 | N/A | 99 | Highly Trusted | 466 | |
 AvaTrade
|
8.6 | $100 | 0.91 (Aug 2020) | 93 | Highly Trusted | 1260 | |
 FXCM
|
8.5 | Starts from $50 | 1.38 (Q2 2022) | 96 | Highly Trusted | 441 | |
 Plus500
|
8.5 | €100 | 0.6 (as of Aug 2018) | 98 | Highly Trusted | 2800 | |
 Capital.com
|
8.4 | $20 | 0.6 (July 2021) | 77 | Average Risk | 6000 | |
 XM Group
|
8.4 | $5 | 1.6 (Aug 2020) | 90 | Trusted | 1372 | |
 Pepperstone
|
8.4 | $200 | 0.77 (September 2022) | 93 | Highly Trusted | 1200 | |
 OANDA
|
8.4 | $0 | 1.26 (5/22-5/27/22) | 92 | Highly Trusted | 124 | |
 Admiral Markets
|
8.3 | $100 | 0.8 (July 2021) | 87 | Trusted | 8425 | |
 FP Markets
|
8.3 | $100 AUD | 1.2 (August 2022) | 86 | Trusted | 10000 | |
 IC Markets
|
8.2 | $200 | 0.62 (August 2022) | 86 | Trusted | 3583 | |
 Markets.com
|
8.2 | $100 | 1.9 (as of Oct 2019) | 98 | Highly Trusted | 2179 | |
 FxPro
|
8.1 | $100 | 1.51 (August 2020) | 90 | Highly Trusted | 2249 | |
 Fineco Bank
|
7.9 | $0 | N/A | 92 | Highly Trusted | 126 | |
 Tickmill
|
7.9 | $100 | 0.51 (August 2022) | 82 | Trusted | 295 | |
 BlackBull Markets
|
7.9 | $0 | 0.827 (August 2022) | 74 | Average Risk | 26000 | |
 DooPrime
|
7.8 | $100 | -1 | 84 | Trusted | 10000 | |
 BDSwiss
|
7.8 | $100-$5000 (depending on account type) | 1.6 (08/10/22) | 83 | Trusted | 1081 | |
 TMGM
|
7.8 | $100 | 0.96 (July 2021) | 79 | Average Risk | 12000 | |
 HFM
|
7.7 | $5 | 1.2 (August 2021) | 85 | Trusted | 3500 | |
 FlowBank
|
7.7 | $0.00 | N/A | 77 | Average Risk | 408600 | |
 HYCM (Henyep)
|
7.7 | $100 | 0.6 (Sept 2021) | 86 | Trusted | 245 | |
 Vantage
|
7.7 | $50 | 1.22 (August 2021) | 83 | Trusted | 1000 | |
 Trading 212
|
7.6 | EUR 10 | N/A | 77 | Average Risk | 1785 | |
 Eightcap
|
7.6 | $100 | 1.0 (Aug 2022) | 87 | Trusted | 326 | |
 Trade Nation
|
7.5 | $0 | 0.6 | 83 | Trusted | 601 | |
 Moneta Markets
|
7.5 | $50 | 1.27 (September 2022) | 71 | Average Risk | 965 | |
 ThinkMarkets
|
7.4 | $250.00 | N/A | 86 | Trusted | 1674 | |
 VT Markets
|
7.4 | $200 | 1.2 (September 2021) | 71 | Average Risk | 168 | |
 ACY Securities
|
7.4 | $50 | 1.2 (Sept 2021) | 75 | Average Risk | 1600 | |
 easyMarkets
|
7.3 | $100 | 0.9 (as of Mar 2020) | 84 | Trusted | 199 | |
 RoboForex (RoboMarkets)
|
7.3 | $100 | 1.4 (Jan 2022) | 69 | High Risk | 12000 | |
 IronFX
|
7.2 | $50 | 1.2 | 84 | Trusted | 340 | |
 Exness
|
7.2 | $1 | 0.9 (as of May 19) | 74 | Average Risk | 112 | |
 Spreadex
|
7.2 | $0 | -1 | 70 | Average Risk | 2000 | |
 Trade360
|
7.1 | $250 | N/A | 75 | Average Risk | 1062 | |
 AxiTrader
|
7.1 | 0 | N/A | 83 | Trusted | 175 |
Visit Site
|
 GKFX
|
7.1 | $0 | N/A | 66 | High Risk | 354 | |
 Vestle
|
7.1 | -1 | -1 | 79 | Average Risk | 750 | |
 OctaFX
|
7 | $25 | 0.6 (August 2021) | 67 | High Risk | 80 | |
 FXOpen
|
7 | $100 | N/A | 80 | Trusted | 87 | |
 TeleTrade
|
7 | $100 | -1 | 67 | High Risk | 500 | |
 FXPrimus
|
6.9 | $100 | N/A | 69 | High Risk | 140 |
Visit Site
|
 Forex4you
|
6.9 | $0 | -1 | 62 | High Risk | 150 | |
 LegacyFX
|
6.9 | $500 | 0 | 75 | Average Risk | 425 | |
 GBE brokers
|
6.8 | $500 | -1 | 69 | High Risk | 500 | |
 Alpari
|
6.8 | $20 | N/A | 67 | High Risk | 105 | |
 TopFX
|
6.7 | Depends on payment method | N/A | 67 | High Risk | 655 | |
 Libertex (Forex Club)
|
6.7 | $10 | -1 | 72 | Average Risk | 300 | |
 ATFX
|
6.6 | $500 | -1 | 70 | Average Risk | 150 | |
 UFX
|
6.6 | $100 | 3 (Jan 2021) | 67 | High Risk | 619 | |
 Xtrade
|
6.5 | $250 | -1 | 80 | Trusted | 142 | |
 Tradeo
|
6.4 | $200 | -1 | 67 | High Risk | 256 |
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Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
Marcus Taylor
BrokerNotes was founded in 2014 by Marcus Taylor, founder and CEO of Venture Harbor, a venture studio in Oxford that develops innovative online tools & technology across a range of sectors.