From Fidelity to Uphold, there is no shortage of online commodity trading platforms to choose from. Here, we look at the top commodity trading platforms, whether you are looking for $0 commissions or an expansive selection of commodities.
Robinhood makes it easy to trade commodities with one-tap trading through Robinhood Futures. Trade futures contracts on commodities like gold, bitcoin (BTC) and the S&P 500 with low commissions compared to other commodity brokers. Highlights also include a user-friendly app with beginner-friendly features and Robinhood Gold, a $5 per month membership-based program that provides access to real-time data, Morningstar research, discounted futures commissions and more.
Annual fee
$0 per year
Minimum deposit
$0
Signup bonus
Get a free stock
Robinhood makes it easy to trade commodities with one-tap trading through Robinhood Futures. Trade futures contracts on commodities like gold, bitcoin (BTC) and the S&P 500 with low commissions compared to other commodity brokers. Highlights also include a user-friendly app with beginner-friendly features and Robinhood Gold, a $5 per month membership-based program that provides access to real-time data, Morningstar research, discounted futures commissions and more.
Pros
Convenient 24/5 market hours
Straightforward interface
Low commission futures and options trading
Discounted futures commissions with Robinhood Gold
Cons
No mutual funds
Limited access to market data with the Standard plan
Goldco (Gold IRA) offers IRA accounts for gold and silver, as well as the opportunity to buy gold and silver directly. It has placed over $3 billion in gold and silver and features a Buy Back program that promises to buy your IRA-approved coins at the highest price.
Annual fee
$100 per year
Minimum deposit
$25,000
Signup bonus
N/A
Goldco (Gold IRA) offers IRA accounts for gold and silver, as well as the opportunity to buy gold and silver directly. It has placed over $3 billion in gold and silver and features a Buy Back program that promises to buy your IRA-approved coins at the highest price.
With access to 160 global markets, Interactive Brokers (IBKR) allows you to trade commodities through options, futures and precious metals with low commissions. There are no commissions on US-listed stocks and exchange-traded funds (ETFs), with no additional spread or account minimums. If you need to brush up on your know-how, check out Traders' Academy, with over 65 complimentary online courses available.
Annual fee
$0 per year
Minimum deposit
$0
Signup bonus
N/A
With access to 160 global markets, Interactive Brokers (IBKR) allows you to trade commodities through options, futures and precious metals with low commissions. There are no commissions on US-listed stocks and exchange-traded funds (ETFs), with no additional spread or account minimums. If you need to brush up on your know-how, check out Traders' Academy, with over 65 complimentary online courses available.
Deposit or transfer $100,000+ to earn a 4% Match Bonus, or $2,000+ to earn a 3% Match Bonus. Plus: Get a $100 transfer fee reimbursement on your first brokerage transfer of $2,000 or more. T&Cs apply.
Webull makes a splash with commission-free stocks, ETFs and equity options. It also offers crypto and futures contracts. 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.
Annual fee
$0 per month
Minimum deposit
$0
Signup bonus
Get up to 2% match bonus
Webull makes a splash with commission-free stocks, ETFs and equity options. It also offers crypto and futures contracts. 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.
Plus500 US specializes in low-cost, beginner-friendly futures trading, with a market access that spans metals, energy, crypto and agriculture. Practice trading futures with a Plus500 demo account, and get started trading futures live with a $100 minimum.
Annual fee
$0 per month
Minimum deposit
$100
Signup bonus
N/A
Plus500 US specializes in low-cost, beginner-friendly futures trading, with a market access that spans metals, energy, crypto and agriculture. Practice trading futures with a Plus500 demo account, and get started trading futures live with a $100 minimum.
Trade stocks, ETFs, options and futures with TradeStation on its robust platforms, with advanced charting, backtesting and real-time analytics. It offers access to nine futures markets, simulated trading for practice and IRA futures trading.
Annual fee
$0 per month
Minimum deposit
$0
Signup bonus
Get $150
Trade stocks, ETFs, options and futures with TradeStation on its robust platforms, with advanced charting, backtesting and real-time analytics. It offers access to nine futures markets, simulated trading for practice and IRA futures trading.
With both mobile and desktop trading, trade futures on NinjaTrader with competitive margins, no deposit minimums and low commissions, starting at $0.09 for Micro contracts. Choose from three plans, including a free option that lets you pay as you trade with no monthly fee. However, to access market data, you must pay a subscription fee. Before you get started, check out the NinjaTrader Live daily livestream and practice with unlimited simulated trading.
Minimum deposit
$0
With both mobile and desktop trading, trade futures on NinjaTrader with competitive margins, no deposit minimums and low commissions, starting at $0.09 for Micro contracts. Choose from three plans, including a free option that lets you pay as you trade with no monthly fee. However, to access market data, you must pay a subscription fee. Before you get started, check out the NinjaTrader Live daily livestream and practice with unlimited simulated trading.
Get access to commodities with Charles Schwab through options, stocks, ETFs, mutual funds and a wide range of futures markets. Leverage the popular thinkorswim advanced trading platform and get daily futures commentary to stay current.
Annual fee
$0 per month
Minimum deposit
$0
Signup bonus
Get a $101 bonus
Get access to commodities with Charles Schwab through options, stocks, ETFs, mutual funds and a wide range of futures markets. Leverage the popular thinkorswim advanced trading platform and get daily futures commentary to stay current.
Trade commodities on Fidelity Investments through commission-free stocks and ETFs, as well as options and precious metals. There is a $2,500 minimum investment for precious metals, available in ounces or gold, silver, platinum and palladium coins. 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
Trade commodities on Fidelity Investments through commission-free stocks and ETFs, as well as options and precious metals. There is a $2,500 minimum investment for precious metals, available in ounces or gold, silver, platinum and palladium coins. If you prefer crypto, that is an option, too, with a $1 minimum.
Pros
Few fees
Wide range of investment options, including precious metals
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, including cryptocurrencies and digital gold, silver, platinum and palladium, available with no custody costs to maximize potential earnings.
Minimum deposit
$0
Signup bonus
Get $10
Uphold is a cloud-based crypto and precious metals investing platform that specializes in trading between assets. Trade over 300 digital assets, including cryptocurrencies and digital gold, silver, platinum and palladium, available with no custody costs to maximize potential earnings.
Pros
Extensive crypto offerings
Staking rewards up to 11%
Up to 4.00% APY for Uphold savings account
Cons
Higher fees than competitors
Tools may be inadequate for advanced investors
Customers report poor customer service
Available asset types
Cryptocurrency
Account types
Alternative investing
Minimum deposit
$0
Signup bonus
Get $10
Cash sweep APY
4.00%
Terms apply. Cryptoassets are highly volatile. Your capital is at risk. Available in the US, CA, UK and AU
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Minimum deposit
$0
Signup bonus
Get $10
What is a commodity?
A commodity is a product that comes from the earth. They are raw materials that typically have uniform quality and can be mass-produced. Examples of commodities include grains, cotton, oil or precious metals like gold or copper. Financial products can also be commodities, like domestic and foreign currencies. The US Commodity Futures Trading Commission (CFTC) has even designated bitcoin a commodity.
Bottom line
Ultimately, the best 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. Consider working with a financial advisor who can help you determine a long-term financial strategy based on your personal goals.
Frequently asked questions
Each platform has its strengths and drawbacks. For example, when comparing Webull versus Robinhood, Robinhood is an extremely user-friendly pick that has low commissions, but Webull is the better pick if you are looking for more advanced trading tools.
Although you can buy physical commodities, most investors are best served through futures contracts that do not require the physical delivery and storage of large amounts of a certain product.
Brent Crude oil is the top traded commodity, according to FOREX.com. It accounts for two-thirds of global oil pricing and is a key material for diesel fuel and gasoline.
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.
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For daily returns, dividend stocks and ETFs, crypto staking, selling covered calls and these other strategies are your best bet.
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