Brokers that offer a good selection of commodity CFDs? | Metals Mine

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Brokers that offer a good selection of commodity CFDs?

  • #1
  • First Post: May 14, 2017 5:56pm May 14, 2017 5:56pm
FXChoice just suddenly removed all their commodity CFDs available for trade. Up til today they had some of the best selection for instruments to trade, not just commodities, but financial as well, including BTC.

So, are there any brokers that will take Canadians who have a good selection of commodity futures - like cocoa, sugar, natural gas, etc?

Is there a trend towards eliminating commodity futures in brokerages or is it just a sign of trouble at FXChoice?
  • #2
  • May 14, 2017 11:28pm May 14, 2017 11:28pm
Answering my own question - XM, although their spreads are ...not too generous.

Their selection is very good. Cocoa, coffee, sugar, copper, corn, wheat, soybeans, oil (x3), ngas, cotton, and the usual metals.
  • #3
  • May 16, 2017 5:51pm May 16, 2017 5:51pm
Quoting clemmo17
Answering my own question - XM, although their spreads are ...not too generous. Their selection is very good. Cocoa, coffee, sugar, copper, corn, wheat, soybeans, oil (x3), ngas, cotton, and the usual metals.
Might worth checking CMC Markets ( my preference ) or IG ! Do your own due diligence before following anyone's advice ? The ones i suggested are publicly listed , well capitalized and regulated in most countries. Hope it helps.
  • #4
  • May 17, 2017 8:58am May 17, 2017 8:58am
I will check out IG. CMC has such a poor reputation on FPA and elsewhere, I wouldn't risk it. Also it's not an MT4/5 broker but uses some kind of proprietary system, which is always a cause for concern.
  • #5
  • May 17, 2017 9:18am May 17, 2017 9:18am
IG Markets does not take Canadians.
  • #6
  • May 17, 2017 7:14pm May 17, 2017 7:14pm
Try Instaforex but their spread is quite high.
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  • #7
  • May 17, 2017 7:32pm May 17, 2017 7:32pm
http://www.forexpeacearmy.com/forex-...instaforex.com

Do you trade with them?
  • #8
  • May 17, 2017 10:28pm May 17, 2017 10:28pm
XM has also a "great" reputation. Be cautios. I am at FXPro, I do not know if they are any better, but as far as I know that they just ned hedge all their clients and do not anything besides that to increase their revenue on us poor retailers.
Pat
  • #9
  • May 17, 2017 10:43pm May 17, 2017 10:43pm
Quoting DerPat
XM has also a "great" reputation. Be cautios. I am at FXPro, I do not know if they are any better, but as far as I know that they just ned hedge all their clients and do not anything besides that to increase their revenue on us poor retailers.

Yes, I have heard good things about them, sadly they don't take Canadians.
  • #10
  • May 17, 2017 10:47pm May 17, 2017 10:47pm
I know XM are somewhat predatory but they're at least fairly big, and regulated in Australia, so I would hope if the worst comes to worse, one could complain and get satisfaction.
  • #11
  • May 19, 2017 11:55pm May 19, 2017 11:55pm
Quoting clemmo17
FXChoice just suddenly removed all their commodity CFDs available for trade. Up til today they had some of the best selection for instruments to trade, not just commodities, but financial as well, including BTC. So, are there any brokers that will take Canadians who have a good selection of commodity futures - like cocoa, sugar, natural gas, etc? Is there a trend towards eliminating commodity futures in brokerages or is it just a sign of trouble at FXChoice?
Here you go. Just keep me posted, how your testing/results are going.
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  • #12
  • Last Post: May 21, 2017 7:22pm May 21, 2017 7:22pm
I tried signing up with XM and couldn't enter 'Canada' in the country of residence list (it's been removed) so it looks like they just suddenly stopped accepting Canadians. This is becoming a plague. My quest continues.
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