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9 Commodity Trading Platforms for 2026

From Webull's micro futures to Fidelity's physical metals, see which platforms fit how you want to trade commodities.

Lena Borrelli's headshot

By

Lena Borrelli

Edited by

Matt Miczulski

Updated

Fact checked

From Fidelity to Uphold, there is no shortage of online commodity trading platforms to choose from. Here, we look at nine platforms, whether you are looking for $0 commissions or an expansive selection of commodities.

9 commodity trading platforms

Webull

9.4 Excellent

Get 12 free shares by joining Webull. Select Go to site, then make a first deposit of $100 or more to get 10+2 free shares, each worth $3-$300, randomly drawn from the pool of NVDA, TSLA, SPCX and AAPL, minimum $36 in the pocket, plus 1-month complimentary Webull premium. T&Cs apply.
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Webull makes a splash with commission-free stocks, ETFs and equity options. It also offers crypto and futures contracts, including Micro Gold, Micro Silver, Micro WTI Crude Oil, Micro Natural Gas and Micro Copper. There are also a ton of tools to help with your investments, such as paper trading to practice investing and advanced charting and technical analysis tools.
$160
Finder Reward
Get up to $160 from Finder Become a Finder member, then open a new Webull account through Finder as a first-time customer and make an Eligible First Deposit of $100 to $999.99 for a $20 reward, or $1,000+ for a $160 reward. Keep your deposit in your account until February 1, 2027. Offer ends December 9, 2026 at 11:59 PM ET.
Separate T&Cs and limits apply.
Annual fee $0 per month
Minimum deposit $0
Signup bonus Get 12 free shares by joining Webull

Robinhood

9.4 Excellent

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Robinhood lets you trade futures contracts on indexes like the S&P 500 as well as metals like gold, silver and copper and energy contracts like crude oil, with trading available nearly 24 hours a day on weekdays. Futures commissions are $0.50 per contract, per side, with Robinhood Gold, a $5 per month membership program (the first 30 days are free), and $0.75 without it.
Annual fee $0 per year
Minimum deposit $0
Signup bonus N/A

Interactive Brokers

9.4 Excellent

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With access to 170 global markets, Interactive Brokers (IBKR) allows you to trade commodities through options, futures and precious metals. Futures commissions run from $0.85 to $0.25 per contract depending on monthly volume, with no account minimums or platform fees. There are no commissions on US-listed stocks and exchange-traded funds (ETFs) with IBKR Lite. If you need to brush up on your know-how, check out Traders' Academy, with free online courses.
Annual fee $0 per year
Minimum deposit $0
Signup bonus N/A

Plus500 US

9.2 Excellent

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Plus500 US specializes in futures trading, with a market access that spans metals, energy, crypto and agriculture. Commissions are $0.49 per side on Micro contracts and $0.89 per side on standard contracts. Practice trading futures with a Plus500 demo account, and get started trading futures live with a $10 minimum deposit.
Annual fee $0 per month
Minimum deposit $10
Signup bonus N/A

TradeStation

8.2 Great

Get a $150 bonus when you open an account with promo code TSTVAGLK, fund it and maintain a minimum balance of $5,000 for 60 days. T&Cs apply.
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Trade stocks, ETFs, options and futures with TradeStation on its robust platforms, with advanced charting, backtesting and real-time analytics. It offers more than 600 futures and futures options contracts, including metals, energy and agricultural markets, and futures trading in a self-directed IRA through an approved custodian.
Annual fee $0 per month
Minimum deposit $0
Signup bonus Get $150

NinjaTrader

8 Great

Get up to $250 in futures commission rebates* T&Cs apply.
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Trade futures on NinjaTrader with commissions starting at $0.09 per side on Micro contracts with the Lifetime plan, a one-time $1,499 purchase. Choose from three plans: Free, with no monthly fee and $0.39 per Micro contract; Monthly, at $99 per month with $0.29 per Micro contract; and Lifetime. Top-of-book market data unlocks once you fund your account, and a free 14-day trial of streaming live data is included. Before you get started, practice with free simulated trading that has no time limit.
Minimum deposit $0

Charles Schwab

9.4 Excellent

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Get access to commodities with Charles Schwab through options, stocks, ETFs, mutual funds and futures on the popular thinkorswim advanced trading platform, including 24/7 trading on select crypto futures. Futures commissions are $2.25 per contract, per side. Schwab also offers direct trading of bitcoin and ether for a fee of 75 basis points per trade, though not in New York or Louisiana.
Annual fee $0 per month
Minimum deposit $0
Signup bonus Get a $101 bonus

Fidelity Investments

9.2 Excellent

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Trade commodities on Fidelity Investments through commission-free stocks and ETFs, as well as options (a $0.65 per-contract fee applies) and precious metals. There is a $2,500 minimum investment for precious metals ($1,000 for IRAs), available in whole ounces or coins and bars of gold, silver, platinum and palladium. Metals orders are placed by phone, and buying fees are 2.90% on orders under $10,000. If you prefer crypto, that is an option, too, with a $1 minimum.
Annual fee $0 per year
Minimum deposit $0
Signup bonus N/A

Uphold

8.2 Great

Refer a friend to earn US$20 — $10 for you and $10 for the person you refer. T&Cs apply.
Uphold is a cloud-based crypto and precious metals investing platform that specializes in trading between assets. Trade over 300 digital assets and more than 4,000 stocks and ETFs, plus digital gold, silver, platinum and palladium that you can redeem for physical metal on request. Precious metals are available in select jurisdictions only.
Minimum deposit $0
Signup bonus Get $10

How we chose these platforms

We looked for platforms that give US investors a way to get commodity exposure, whether through futures, precious metals, options, ETFs or digital assets tied to metals. We then compared the commodity products each platform offers, its fees and account minimums, and the tools available to traders. This list does not cover the whole market.

What is a commodity?

A commodity is a product that comes from the earth and is used as a raw material for other manufacturing activities.(1) Most commodities are standardized and made by many producers. Examples include grains, cotton, oil or precious metals like gold, as well as industrial metals like copper. The US Commodity Futures Trading Commission (CFTC) has treated bitcoin as a commodity since 2015.(2)

Types of commodities

Commodities fall into three broad groups: metals, energy and agricultural products.(1) The most heavily traded contracts include crude oil, natural gas, gold, silver, copper, coffee, sugar, cocoa and cotton.(3)

Metals

Metals split into precious metals and industrial metals. Gold, silver, platinum and palladium are the precious metals you can buy as bullion or coins through some brokers.(4) Copper is an industrial metal, and platforms like Webull offer it through futures contracts.(5)

Energy

Energy commodities include crude oil and natural gas. Investors typically access them through futures contracts or through stocks and ETFs tied to the energy sector.

Agricultural

Agricultural commodities include grains, cotton, coffee, sugar and cocoa. Investors typically access them through futures contracts or through stocks and ETFs tied to agriculture.

How to trade commodities

There are several ways to get commodity exposure, and each comes with different costs and risks.

Futures contracts

A futures contract is an agreement to buy or sell a commodity at a set price on a future date. Most traders close or roll their position before the contract expires, so they never take physical delivery. Futures are traded on margin, which means your losses can exceed your initial deposit. Broker commissions typically exclude exchange, clearing and regulatory fees, which apply on top.

Physical metals and spot markets

Buying physical metals typically means paying the spot price plus broker or dealer fees, and arranging storage. Fidelity, for example, offers gold, silver, platinum and palladium in whole ounces or coins, with a $2,500 minimum. Trades go through a representative, and buying fees are 2.90% for orders under $10,000.(4)

Stocks and ETFs

Some investors skip futures and physical delivery and buy stocks or ETFs linked to a commodity or the companies that produce it. This approach typically requires a standard brokerage account and no margin.

Futures margin requirements

Futures margin is a deposit that lets you control a contract worth far more than the amount you put up. Brokers set margin for each contract, and it can change with market volatility. Some brokers charge lower intraday margin for positions you close the same day. Webull, for example, lists both initial and intraday margin for each of its futures contracts.(5)

Bottom line

Ultimately, the right commodity trading platform will depend on your specific needs and financial goals. While some focus on low or no fees, others put their energy into advanced tools and resources. To learn more about the approaches above, read our guides on how to trade futures and how to invest in commodities. If you want personalized guidance, consider working with a financial advisor.

Frequently asked questions

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To make sure you get accurate and helpful information, this guide has been edited by Matt Miczulski as part of our fact-checking process.
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Lena Borrelli is an experienced finance writer with a deep understanding of personal finance, investing and consumer banking. Her work has been featured in top-tier publications such as Forbes, TIME, Bankrate, Moneywise and Annuity.org, where she provides expert insights on financial trends, smart money management and emerging fintech solutions. With a background in personal finance and content strategy, Lena specializes in breaking down complex financial topics into clear, actionable advice for readers. When she is not writing or scanning the news for the latest headlines, she is happiest spending time in the Florida sunshine with her husband and two pups. See full bio

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