Offers two ways to trade: Forex, CFDs
CySEC, Financial Services Boar...
Popular for Corn!
566 traders clicked on Markets.com this month.
The Ultimate Guide to
Choosing a Broker
Not sure which broker is right for you?
Don’t worry - we’ve got you covered. In this guide, you’ll learn:
- Why Markets.com scored high for corn (Jump to section)
- Who Markets.com is (and isn’t) suitable for (Jump to section)
- An in-depth feature comparison of the top #3 brokers (Jump to section)
- An overview on corn (Jump to section)
What is the Best Trading Platform
Markets.com scored best in our review of the top brokers for corn, which takes into account 120+ factors across eight categories. Here's the full list of all the brokers we considered.
The following brokers allow corn on their platform:
Here are some areas where Markets.com scored highly in:
- 10+ years in business
- Offers + instruments
- A range of platform inc. MT4, MT5, Web Trader, Tablet & Mobile apps
- 24/7 customer service
- Tight spreads from pips
- Used by + traders
- Allows hedging
- 2 languages
- Leverage up to 100:1
Markets.com offers two ways to trade: Forex, CFDs. If you wanted to trade CORN 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.
Markets.com have a B trust score, which is good. This is largely down to them being regulated by CySEC, Financial Services Board, segregating client funds, being established for over 10 years, and much more. For comparison:
Trust Score comparsion
|Regulated by||CySEC, Financial Services Board|
|Uses tier 1 banks|
|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.
Who Markets.com is (& Isn’t)
As mentioned, Markets.com allows you to trade in two ways: Forex, CFDs.
- CFD Trading
- Forex Trading
Markets.com offer a wide range of instruments to trade including forex pairs, stocks, indices, and cryptocurrencies . In fact, they’re one of the few brokers to offer not only Bitcoin trading but also Ripple, and many more. In the following section we’ve listed Markets.com’s spreads for a range of popular instruments. You can also see a more detailed breakdown of how Markets.com’s spreads compare in this Markets.com review
Finally, Markets.com isn't available in the following countries: AF, DZ, AS, AO, AU, BE, BA, BR, KH, CA, CN, CU, KR, GU, GY, HK, ID, IR, IQ, IL, JP, LA, MO, MY, MM, NZ, MP, PA, PG, PH, PR, RU, SG, KR, SD, SY, TW, TH, TR, UG, VI, VU, USA, VN, YE.
A Comparison of Markets.com vs. vs.
Want to see how Markets.com stacks up against and ? We've compared their spreads, features, and key information below.
Spread & fee comparsionThe 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.
|FTSE 100 Spread||2|
Comparison of account & trading features
|Accounts offered||Mini account, Islamic account, standard account, VIP account|
|Platforms||MT4, MT5, Web Trader, Tablet & Mobile apps|
|Risk management features||Limit order, one click trading, trailing stops, price alerts and negative balance protection|
|Funding methods||Payoneer, Credit cards, Bank transfer, PayPal, WebMoney, DebitCard,|
What is Corn?
Corn is one of the most important crops throughout the world, and one of the most highly traded commodities in the market. It is cultivated across the globe and is produced in much higher weights than any other grain.
The world’s total corn production in 2016 was 1.05 billion metric tons. The United States were the leading producers, accounting for 37% of the world’s total corn production. Their corn belt, which has been producing corn since the 1850s, is mainly responsible for the US’s predominance in corn production. China followed with a 21% share of the global total, and other major corn producing countries included Brazil, the EU, Argentina, Ukraine, and India.
Fundamental Influences on Corn Prices
Corn has been primarily used as a source of food for thousands of years; however, it has also become an important source of fuel in the past few decades. Almost 40% of corn is used for producing Ethanol, an alcohol that has become a primary component of gasoline.
This has led to a direct relationship between the demand for corn and ethanol. If the demand for ethanol rises, the demand for corn will ultimately rise.
Climate can also affect the short and long term prices of corn. Corn has very low resistance against unstable and severe climate changes, and such changes in climate can lead to a decrease in production and thus, an increase in price.
Another considerable factor is demand from the Chinese market. China is the world’s largest producer and consumer of energy and has been since 2010. China’s inclination towards producing clean energy can lead to an increased demand for biofuels like ethanol, and consequently, an increased demand for corn.
How is Corn Traded?
Corn can be traded through contracts for difference (CFDs) and futures contracts. Traders usually do not want to take delivery of the actual commodity, and so these products enable a trader to speculate on the price of corn without having to physically own the commodity.
Corn futures contracts are offered by the Chicago Mercantile Exchange (CME) and these are one of the most highly traded agricultural contracts, with an average volume of several billion dollars each day.
In the case of CFDs, if a trader believes the price will rise, they can go long, or buy contracts, and if they believe the price will go down, they can sell or short contracts. Regulated brokers such as AvaTrade and Plus500 offer corn as a CFD, and the CFD is actually based on the price of the CME futures contract.
Corn futures are traded under the ticker symbol ‘C’ on the Open Outcry market and under ‘ZC’ on electronic markets. Like any other commodity, corn futures contracts have their own margin requirements and contract value.
Advantages of Trading Corn as a CFD
CFDs are a convenient way of trading corn as minimum positions can be quite low. CFDs involve speculation from a trader on whether the price of the underlying commodity (corn) will rise or fall. Plus500 offers a leverage of 1:152, with a minimum trade of 10,000 bushels and spread of 0.50. So a margin of just £175 is required to expose a trader to £26,451 worth of value.
Spot Corn vs. Corn Futures
Priced on the basis of immediate delivery
Trades are settled instantly
Delivery issues are mostly unpredictable and can suddenly arise
Priced on the basis of a forecast of future pricing
Position can be kept open but is subject to time
Volatility factors are comparatively more predictable
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