for Coal















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Established in:


Regulated by:

Financial Conduct Authority

CFDs are leveraged products and can result in the loss of your capital. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Coal

Not sure which broker is right for you?

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


Part 1

What is the Best Trading Platform
for Coal? scored best in our review of the top brokers for coal, which takes into account 120+ factors across eight categories. Here's the full list of all the brokers we considered.

The following brokers allow coal on their platform:


Here are some areas where scored highly in:

  • 19+ years in business
  • Offers + instruments
  • A range of platform inc. MT4, Web Trader, NinjaTrader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 1 pips
  • Used by + traders
  • Allows hedging
  • 1 languages
  • Leverage up to 200:1 offers one way to trade: Forex. If you wanted to trade COAL 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. have a AAA trust score, which is v. good. This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being established for over 19 years, and much more. For comparison:

Trust Score comparsion
Trust Score AAA
Year Established 1999
Regulated by Financial Conduct Authority
Uses tier 1 banks
Company Type Private 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 is (& Isn’t)
Suitable For

As mentioned, allows you to trade in one way: Forex.

Suitable for:

  • CFD Trading
  • Forex Trading

Not Suitable for:

To trade with, you'll need a minimum deposit of $250. offers a range of different account types for different traders including a mini account, . offer a wide range of instruments to trade including forex pairs, indices, and many other asset classes. In the following section we’ve listed’s spreads for a range of popular instruments. You can also see a more detailed breakdown of how’s spreads compare in this review is also suitable for traders looking to trade with an ECN broker. ECN trading allows the trader to get access to the actual pricing of instruments as set by the banks and liquidity providers, rather than relying on the broker to set the price. To open an ECN account with you will need a minimum deposit of $100000.

Finally, isn't available in the following countries: BE.

Part 3

A Comparison of vs. vs.

Want to see how stacks up against and ? 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.

Comparison of account & trading features
Accounts offered Mini account, ECN account, Islamic account, standard account
Platforms MT4, Web Trader, NinjaTrader, Tablet & Mobile apps
Risk management features Guaranteed limit order, limit order, one click trading, trailing stops and price alerts
Funding methods Bank transfer, Cheque, DebitCard,

Part 4

Trading Coal

Coal is among the leading forms of non-renewable energy resources in the world. It has had a remarkable effect on the world’s energy supply since the advent of industrialisation in 19th century. The most notable form of coal is anthracite, which is the highest ranked form of coal due to its high carbon content and therefore excellent burning properties. It is also known as hard coal or black coal.

Coal is a fossil fuel, along with petroleum and gas. It is composed mainly of carbon created from the remains of ancient plant and animal life forms dating back over 300 million years. As such it is a finite resource and once exhausted, alternative energy sources will be necessary. For now, however, it continues to be available in abundance, and is mined from pockets underground.

The largest coal producing country is China, and it has held this status for over three decades. Other major producers include the USA, Australia, India, and Indonesia. In terms of production, the largest company is Coal India Limited which in 2016/17 produced over 598.6 million metric tons of coal (statista). Of the countries with the leading coal reserves, Colombia ranked first in 2016, with 4.88 billion metric tons (statista).

Coal is mainly used for generating electricity and steel manufacturing. As around half of the US’s electricity is still produced from coal, for the time being, domestic power continues to be heavily reliant on this fossil fuel.

Fundamental Influences

There are several types of coal and a number of factors affect the price of each. The different types include Peat, Lignite, Bituminous and Anthracite, and they vary in their carbon content.

An important factor affecting all types of coal is environmental awareness, which influences the demand and supply of coal. When coal is mined, methane is released, having adverse environmental effects. Similarly, pollutants are released when coal is burned. There are therefore calls from Governments and citizens for industries to shift to a less polluting energy resource.

Coal does however produce other byproducts when it is burned, which can be useful, for example plastics, cement, and tar (used on roads). The demand for these products can increase the demand for coal.

The price of other fuels also has a major impact on the price and demand for coal. When the other fuels rise in price, coal seems an attractive option and the demand increases. Likewise, when the price of other fuels decreases, the demand of coal will consequently decrease.

As for the supply of coal, there are multiple factors in play including freighting costs (as large quantities of coal are traded internationally), technical issues in mining, weather conditions, and production costs.

How is coal traded?

Coal is traded on exchanges and on over-the-counter markets. It is not a commodity that is heavily traded though, as it’s difficult to transport and the transportation charges significantly increase the price.

Coal can be traded as futures, as standardised contracts where the seller agrees to provide delivery at a future date. The price and amount are finalised at the time of signing the contract. Coal futures and options are offered by the Chicago Mercantile Exchange Group (CME).

Another common method for acquiring positions in the coal industry is through the stocks of coal producers and related companies, and Exchange Traded Funds (ETFs).

The VanEck Market Vectors Coal ETF aims to track the performance of the Stowe Coal Index (which has the ticker COAL) by investing in global companies with a market cap of over $200 million whose revenues are based on the coal industry. The ETF can be traded as a contract for difference (CFD) through many regulated online platform providers, such as IG.

Advantages of Trading Coal with CFDs

Trading with CFDs means taking a position based on speculation that whether the price of the underlying commodity (or index tracking the commodity) will rise or fall. Leverage is offered by many brokers which can be used to gain a greater exposure to the price fluctuations.

However, this also exposes the trader to greater risks, so they should ensure they understand the risks before placing a trade. Registering with an authorised and regulated broker from a country with a strong regulatory reputation is recommended as this will minimise the chance of unfair treatment with regards to money held with the broker.

Spot Coal vs. Coal Futures

Spot Trading:

  • Based on the price at which coal is currently trading

  • Position usually predicts that the price will rise

  • Usually purchased with the intention of taking delivery

  • Volatility factors, such as weather changes, are more predictable

Futures Trading:

  • Price is based on projected price of future delivery

  • Trades are usually to take advantage of price movements, rather than for the purpose of taking delivery at the end of the contract

  • Volatility issues are less predictable and the price can be subject to sudden movements

Alternative Commodities to Coal

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