Company

Spread

for WHEAT

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details

Plus500

Offers two ways to trade: CFDs, Forex

 Listed on the LSE AIM market
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Your capital is at risk
£100Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
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  • Micro
  • Standard
  • VIP
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  • Fixed
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Trust Score:

B

Used by:

155,000

Established in:

2008

Regulated by:

Financial Conduct Authority (F...

AvaTrade

Offers four ways to trade: Forex, Spread betting, CFD trading, and options trading

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Your capital is at risk
€/£/$100Min. Deposit Learn More
  • MT4
  • WebTrader
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Trust Score:

AAA

Used by:

200,000

Established in:

2006

Regulated by:

Central Bank of Ireland, ASiC ...

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Your capital is at risk

eToro

Offers two ways to trade: CFD trading, and social trading

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Your capital is at risk
$50Min. Deposit Learn More
  • MT4
  • WebTrader
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  • Market Maker
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Trust Score:

AAA

Used by:

6,000,000

Established in:

2006

Regulated by:

Financial Conduct Authority, C...

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Your capital is at risk

ETX Capital

Offers three ways to trade: Forex, Spread betting, CFD and Binary options

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$100Min. Deposit Learn More
  • MT4
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  • Market Maker
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See Details
Your capital is at risk

IG

Offers four ways to trade: Forex, Spread Betting, CFD, Stock trading and Binary options

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Your capital is at risk
£200Min. Deposit Learn More
  • MT4
  • WebTrader
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See Details
Your capital is at risk

London Capital Group

Offers one way to trade: Forex

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$100Min. Deposit Learn More
  • MT4
  • WebTrader
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  • Micro
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  • Market Maker
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See Details
Your capital is at risk

City Index

Offers three ways to trade: Forex, CFDs, Spread Betting

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Your capital is at risk
£25Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
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  • Market Maker
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See Details
Your capital is at risk

XTB

Offers one way to trade: Forex

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Your capital is at risk
$1Min. Deposit Learn More
  • MT4
  • WebTrader
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  • Micro
  • Standard
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  • Market Maker
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See Details
Your capital is at risk

Oanda

Offers three ways to trade: Forex, CFDs, Spread Betting

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Your capital is at risk
$1Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
See Platforms
  • Micro
  • Standard
  • VIP
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  • Fixed
  • Variable

See Spreads
  • Bank transfer
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  • Live chat
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Contact Details
  • Market Maker
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See Details
Your capital is at risk

Saxo Capital Markets

Offers three ways to trade: Forex, CFDs, Spread Betting

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Your capital is at risk
£ 6,500Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
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  • Micro
  • Standard
  • VIP
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  • Fixed
  • Variable

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  • Bank transfer
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  • Live chat
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  • Email support
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  • Market Maker
  • DMA
  • ECN
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See Details
Your capital is at risk
CFDs are leveraged products and can result in the loss of your capital. All information collected on 1/11/2017.
Agricultural Commodities

The Ultimate Guide to

Choosing a Broker
For Agricultural Commodities

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose Plus500
For Agricultural Commodities?

Plus500 scored best in our review of the top brokers for agricultural commodities, which takes into account 120+ factors across eight categories. Here are some areas where Plus500 scored highly in:

  • 9+ years in business
  • Offers 2000+ instruments
  • A range of platform inc. Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.01% pips
  • Used by 155,000+ traders
  • Offers demo account
  • 3 languages
  • Leverage up to 1:300

Plus500 offers two ways to trade: CFDs, Forex. If you wanted to trade WHEAT through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

Plus500 have a B trust score, which is good. This is largely down to them being regulated by Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14), segregating client funds, being established for over 9 years, and much more. For comparison:

Trust Score comparsion

Plus500 AvaTrade eToro
Trust Score B AAA AAA
Year Established 2008 2006 2006
Regulated by Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14) Central Bank of Ireland, ASiC , FSA, FSB and BVI Financial Conduct Authority, CySEC
Uses tier 1 banks
Company Type Public Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who Plus500 is (& Isn’t)
Suitable For

As mentioned, Plus500 allows you to trade in two ways: CFDs, Forex.

Suitable for:

  • CFD Trading
  • Forex Trading

Not Suitable for:

To trade with Plus500, you'll need a minimum deposit of $1. Plus500 offers a range of different account types for different traders including a micro account, mini account, .

Finally, Plus500 isn't available in the following countries: Belgium, US, Canada some Arab and Middle eastern countries, China, Singapore, Indonesia, Philippines. They do not offer islamic accounts either.

Part 3

A Comparison of Plus500 vs. AvaTrade vs. eToro


Want to see how Plus500 stacks up against AvaTrade and eToro? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Plus500 AvaTrade eToro
Fixed Spreads
Variable Spreads
EUR/USD Spread 0.01% 1.0 3.0
GBP/USD Spread 0.01% 1.8 4.0
Crude Oil Spread 0.08% 0.03 5.0
Gold Spread 0.03% 0.60 45.0
DAX Spread 0.01% 1.5 100.0
FTSE 100 Spread 0.02% 1.0 100.0
S&P500 Spread 0.02% 0.25 100.0

Comparison of account & trading features

Plus500 AvaTrade eToro
Spread type Fixed AAA AAA
EUR/USD Spread 2008 2006 2006
EUR/GBP Spread Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14) Central Bank of Ireland, ASiC , FSA, FSB and BVI Financial Conduct Authority, CySEC
Crude Oil Spread
Gold Spread Public Private Private
DAX Spread

Part 4

Agricultural Commodities Trading

Popular Commodities Trading Broker

CMC Markets offers over 10,000 instruments for traders which include a wide selection agricultural commodities. Some of the agricultural products available to trade with CMC Markets include:

Commodity *Minimum Spread: Margin Rate From:
Cocoa Bulk Beam (UK) 3.5 3%
Cocoa (US) 4 2%
Coffee Arabica 3 2%
Corn 0.9 3%
Cotton 15 3%
Wheat 0.8 3%

*All information collected from https://www.cmcmarkets.com/, see website for full terms and conditions. Your capital is at risk. Last updated on January 26, 2017.

Agricultural commodities are classified as soft commodities. Precious metals such as gold, and natural resources such as oil and gas are classified as hard commodities. Some commonly traded agricultural commodities include livestock, meat, dairy, coffee, cocoa, sugar, cotton, and grains. Frozen meats such as frozen pork bellies, have become a popular agricultural commodity. Common livestock commodities include cattle and hogs and dairy commodities may include butter, eggs, milk and cheese. Popular grains are wheat, soybean, corn, oats, barley, and rice.

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 business 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 1800’s, 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.
Chicago Board of Trade (CBOT) – Oldest futures exchange and is a subsidiary of the CME group.
New York Mercantile Exchange (NYMEX) – Largest physical commodity exchange in the world.
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.