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5 Best commodity brokers in SA

Investing in commodities is an important component of a well-balanced portfolio. You may take advantage of the numerous new industries springing up around the world by investing in commodities over the long run.

Here, we’ll take a look at 5 of South Africa’s best commodities Forex brokers, each of whom provides traders with outstanding trading conditions and a safe, well-regulated trading environment.

  1. IFX Brokers

Overview

South African-based IFX Brokers is a regulated retail broker that provides currency trading services. To facilitate transactions, the broker uses cutting-edge trading systems with great liquidity and low spreads. 

A comprehensive range of financial products, including forex, commodities, energy, metals, and futures can be traded and invested in utilizing the cutting-edge MetaTrader 4 trading platform provided by IFX Brokers to its customers.

Pros and Cons

Pros

High leverage available

MetaTrader 4 is supported.

Resources for learning are available

Cons

Lax regulation

Features

Feature Information
Regulation FSA
Minimum deposit from ZAR100
Average spread from 0,5 pips
Commissions from NA
Deposit/Withdrawal Fees NA
Maximum Leverage 1:500
Bonuses NA
Customer Support 24/5 

 

  1. XTB

Overview

CFD markets such as currency, stock indices, commodities, and more are all accessible through the XTB platform.

A lot of people are raving about this broker’s platform and services. XTB is now one of the largest FX and CFD brokers in the world, with more than 389,000 clients.

Pros and Cons

Pros

Low trading fees

Free deposit and withdrawal

Cons

High stock CFDs

Limited asset portfolio

Features

Feature Information
Regulation KNF, FCA, CySEC and IFSC
Minimum deposit from $250
Average spread from 1.02 pips  
Commissions from 0.08% of trade value with $8 minimum
Deposit/Withdrawal Fees $30 on withdrawals of less than $50
Maximum Leverage 1:500
Bonuses $40 No Deposit Bonus
Customer Support 24/5 

 

  1. AvaTrade

Overview

With AvaTrade, an established and FSCA-licensed CFD broker, traders of all experience levels may trade CFDs on a wide range of financial products, including commodities.

Pros and Cons

PROS CONS
Broad range of tradable instruments High EURUSD and inactivity fees
MetaTrader 4 and 5 available
Excellent educational resources

Features

Feature Information
Regulation Central Bank of Ireland, MiFID, ASiC, BVI
Minimum deposit from $100
Average spread from 0.9 pips
Commissions from No commission on Forex
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses First Deposit Bonus
Customer Support 24/5 – multilingual

 

  1. Pepperstone

Overview

Pepperstone, an ECN broker based in Australia, is known for its lightning-fast transaction processing and support for a wide range of trading platforms.

A single no-deposit account is provided by Pepperstone. The Standard Account’s trading fees are included in the spread, however the Razor Account’s spreads are smaller and trading fees are lower.

Pros and Cons

Pros

No minimum deposit

Low trading fees for forex

No added costs for withdrawals or deposits

Cons

Limited number of instruments

No additional research tools

Features

Feature Information
Regulation FCA, ASIC
Minimum deposit from AUD200
Average spread from 0.4 pips  
Commissions from ‎$3.76 commission per lot per trade
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5

 

  1. Plus500

Overview

Plus500 was established in 2008 and is a licensed market maker on the London Stock Exchange. This CFD provider has more possibilities than any other CFD provider. There are over 70 currency pairs, commodities, indices, equities, options, and exchange-traded funds (ETFs).

Pros and Cons

PROS CONS
Wide range of market instruments

Competitive pricing

Well regulated

Relatively limited research tools

Features

Feature Information
Regulation FCA, ASIC
Minimum deposit from $100
Average spread from 0.5 pips  
Commissions from ‎$3
Deposit/Withdrawal Fees None
Maximum Leverage 1:30
Bonuses Deposit Bonus
Customer Support 24/5

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