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December 21, 2023
Agricultural Commodities Trading
Here are the best brokers for trading agricultural commodities.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- IG- 9.9/10 Overall
- Interactive Brokers- 9.9/10 Overall
- Saxo Bank- 9.7/10 Overall
- CMC Markets- 9.6/10 Overall
- FOREX.com- 9.4/10 Overall
- City Index- 9.3/10 Overall
- XTB- 9.1/10 Overall
- eToro- 8.8/10 Overall
- Swissquote- 8.8/10 Overall
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 businesses 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 1800s, 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.
- 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.
BrokerNotes.co 2023 Overall Rankings
To recap, here are our top forex brokers for 2023, sorted by Overall ranking.
| Company | Overall Rating | Minimum Deposit | Average Spread EUR/USD - Standard | Trust Score | Tradeable Symbols (Total) | Read Review | Visit Site |
 | 9.9 | £250.00 | 0.98info | 99 | 19537 | IG Review | Visit Site |
 | 9.9 | $0 | 0.63info | 99 | 8500 | Interactive Brokers Review | |
 | 9.7 | $0 | 1.1info | 99 | 70000 | Saxo Bank Review | |
 | 9.6 | $0 | 0.61info | 99 | 12074 | CMC Markets Review | |
 | 9.4 | $100 | 1.4info | 99 | 5500 | FOREX.com Review | Visit Site |
 | 9.3 | $0 | 1.25info | 99 | 0 | TD Ameritrade Review | |
 | 9.3 | £100.00 | 1.4info | 99 | 13500 | City Index Review | Visit Site |
 | 9.1 | $0 | 1.07 info | 96 | 6010 | XTB Group Review | Visit Site |
 | 8.8 | $10-$10,000 | 1info | 90 | 3479 | eToro Review | |
 | 8.8 | $1000 | N/Ainfo | 99 | 472 | Swissquote Review | Visit Site |
 | 8.7 | $20info | 0.67info | 87 | 3021 | Capital.com Review | |
 | 8.7 | $100 | 0.92info | 94 | 1260 | AvaTrade Review | Visit Site |
 | 8.6 | €100 | 0.8 (August 2021)info | 99 | 5500info | Plus500 Review | Visit Site |
 | 8.5 | $0 | 1.57info | 93 | 1744info | OANDA Review | |
 | 8.5 | Starts from $50 | 0.74info | 95 | 440 | FXCM Review | Visit Site |
 | 8.5 | $100 | 0.8info | 93 | 8702 | Admiral Markets Review | Visit Site |
 | 8.4 | $200 | 0.77info | 95 | 2342 | Pepperstone Review | |
 | 8.4 | $5 | 1.6info | 88 | 1429 | XM Group Review | |
 | 8.3 | $100 AUD | 1.1info | 87 | 10000 | FP Markets Review | |
 | 8.1 | $100 | 1.51info | 90 | 2249 | FxPro Review | |
 | 8.1 | $200 | 0.62info | 84 | 3583 | IC Markets Review | Visit Site |
 | 8.1 | $100 | 1.9info | 96 | 2179 | Markets.com Review | |
 | 8.1 | $100 | 0.51info | 83 | 725 | Tickmill Review | Visit Site |
 | 8.0 | $0 | N/Ainfo | 94 | 9770 | Fineco Bank Review | |
 | 8.0 | $0 | 0.827info | 77 | 26000 | BlackBull Markets Review | |
 | 8.0 | $50 | 1.30info | 90 | 1000 | Vantage Review | |
 | 7.9 | $20 | 0.6info | 88 | 1199 | HYCM Review | Visit Site |
 | 7.9 | $0 | 1.2info | 86 | 3500 | HFM Review | |
 | 7.8 | $0info | 1.1info | 92 | 4000 | ThinkMarkets Review | |
 | 7.7 | $0 | N/Ainfo | 80 | 408600 | FlowBank Review | |
 | 7.8 | $100 | N/Ainfo | 83 | 10000 | DooPrime Review | |
 | 7.7 | €10 | 1.9info | 79 | 8025 | Trading 212 Review | |
 | 7.7 | $10-$5000info | 1.6info | 76 | 1081 | BDSwiss Review | |
 | 7.6 | $0 | 0.6 | 85 | 601 | Trade Nation Review | |
 | 7.6 | $100 | 0.96info | 83 | 12000 | TMGM Review | |
 | 7.5 | $50 | 1.27info | 72 | 1016 | Moneta Markets Review | |
 | 7.5 | $100 | 1.0info | 85 | 736 | Eightcap Review | Visit Site |
 | 7.5 | $50 | N/A | 84 | 1042 | ||
 | 7.4 | $50 | 1.2info | 75 | 2200 | ACY Securities Review | |
 | 7.3 | $100 | 1.4info | 71 | 12000 | Roboforex (RoboMarkets) Review | |
 | 7.3 | $100 | 1.2info | 70 | 1000 | VT Markets Review | |
 | 7.3 | $50 | 0.9info | 80 | 199 | easyMarkets Review | Visit Site |
 | 7.2 | $50 | 1.2 | 83 | 340 | IronFX Review | |
 | 7.2 | $0 | 0.78info | 71 | 2000 | Spreadex Review | |
 | 7.2 | $1 | 1.44info | 67 | 630 | ATFX Review | |
 | 7.2 | $250 | N/Ainfo | 76 | 1062 | Trade360 Review | |
 | 7.2 | $25 | 0.9info | 70 | 230 | OctaFX Review | |
 | 7.1 | $0 | N/Ainfo | 81 | 175 | Axitrader Review | |
 | 7.1 | $100 | N/A | 71 | 500 | Teletrade Review | |
 | 7.0 | $0 | N/Ainfo | 65 | 354 | GKFX Review | |
 | 7.0 | $1 | 0.9 info | 71 | 112 | Exness Review | |
 | 7.0 | -1 | N/A | 78 | 750 | Vestle Review | |
 | 7 | $100 | N/Ainfo | 80 | 87 | FXOpen Review | |
 | 7.0 | $100 | N/Ainfo | 71 | 140 | FXPrimus Review | Visit Site |
 | 6.9 | $0 | N/Ainfo | 61 | 150 | Forex4you Review | |
 | 6.8 | $500 | N/Ainfo | 71 | 500 | GBE Brokers Review | |
 | 6.8 | $20 | N/Ainfo | 68 | 105 | Alpari Review | |
 | 6.7 | Depends on payment method | N/Ainfo | 67 | 655 | TopFX Review | |
 | 6.7 | $10 | N/Ainfo | 73 | 300 | Libertex Review | |
 | 6.7 | $500 | N/A | 67 | 425 | LegacyFX Review | |
 | 6.6 | $5 | N/A | 69 | 117 | FXGT Review | |
 | 6.5 | $500 | N/Ainfo | 73 | 150 | ATFX Review | |
 | 6.5 | $250 | N/Ainfo | 80 | 142 | Xtrade Review |
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