There are several legitimate commodities online brokerages. To make the process easier, we have listed the most popular ones below. These brokers provide a wide variety of services, including long and short positions, leverage, and super-high liquidity levels. They also offer a comprehensive range of commodities, including gold, oil, silver, and oil. To begin trading, you’ll need to open an account with a brokerage and deposit funds. From there, you can place multiple orders on each trading position, and profit when the direction of the future price is correct.

These brokers are licensed to trade commodities on the major exchanges. There are different types of these exchanges, and you can use a broker to trade different types of commodities. The New York Mercantile Exchange and Chicago Board of Trade are two of the most popular. Both of these exchanges specialize in different commodity categories. The New York Mercantile Exchange trades in crude oil, while the Chicago Board of Traders trades in soybeans, corn, and wheat. The Intercontinental and Kansas City Board of Trade are the largest, and each trades in a wide range of commodities and exchanges.

TD Ameritrade is one of the most popular and well-known online brokerages, and their proprietary platform, Thinkorswim, is aimed at experienced traders. The platform includes real-time data feeds and advanced charts. It is also available for iOS and Android mobile devices. Another popular online broker is Interactive Brokers, which supports options, futures, and financial derivatives in various regional markets. The largest broker is also highly regarded, and their services are widely used.