Best Corn Commodity Brokers

Corn is one of the main food ingredients of meals, which has been traded since the beginning of agriculture. Corn, which started to be cultivated in the lands of Central and South America, reached Europe in the 15th century. Currently, billions of dollars of corn trade are carried out in the world every year. Many brokers provide their clients with the ability to trade corn commodities. Like other assets, corn has volatile price movements and seasonal changes are highly influential on corn prices.

Corn has the ability to hedge against inflation, just like various other commodities. But because most traders who want to trade commodities such as corn do not have sufficient warehouses to store them, most of them opt for speculating on their prices instead. One of the most convenient ways to do that is by trading CFDs on corn which many big brokers in the industry support. And this article will talk about the 17 popular corn commodity CFD brokers that allow you to speculate on the price movement of corn.

List of CFD Corn Brokers featured in the post

#1 FP Markets

#2 Exness

#3 Forex.com

#4 XTB

#5 IQ Option

#6 XM

#7 AvaTrade

#8 Markets.com

#9 BlackBull Markets

#10 ActivTrades

#11 Skilling

#12 OvalX

#13 Saxo Bank

#14 Swissquote

#15 FXTM

*The order of the companies is random

FP Markets

Founded in 2005, FP Markets is one of the world's top brokers for forex, commodities and CFD traders. Listing more than 60 currency pairs, FP Markets has increased trading efficiency with MetaTrader 4 and 5 platforms. There are 4 different account types on the platform: Raw ECN Account, Standard Account, Iress Investor Account, Iress ViewPoint Account. A minimum deposit of $100 is required to start trading on FP Markets.

FP Markets has a 24/7 customer support team available via email and live chat. Customer support is also available by phone during business days. Available in 18 languages, FP Markets provides excellent customer support. The Traders Hub tab is where users can access their research content. Information on technical and fundamental analysis and the latest news in the market can be accessed from this tab.

Pros

• Instant withdrawal and deposit (for certain payment methods)
• Low fees

Cons

• Limited asset portfolios
• High fees on stock CFDs
• High minimum deposit requirement on advanced accounts

71.23% of retail CFD accounts lose money

Exness

Founded in 2008, Exness has since been among the most preferred leading forex brokers. The platform has millions of users worldwide and has 3 different trading accounts: mini trading account, classic account and demo account. The mini-account has been developed for traders or novice traders who want to trade on a small scale. For professionals with high experience in trading, the classic account has been developed. A demo account has been developed for new users who have little or no knowledge of trading Forex, CFDs on commodities, stocks, indices and cryptocurrencies.

Serving in 13 languages, Exness is licensed by 7 different regulatory authorities, including FCA and CySEC. Collaborating with Baltikums Bank, Barclays and OCBC Bank to keep client funds safe, Exness has provided appropriate risk management strategies. By making a minimum deposit of $1 in Exness, you can start trading commission-free and enjoy tight spreads starting from 0.1 pips.

Pros

• Wide range of assets
• Well regulated
• Tight spreads
• 24/7 customer service

Cons

• Not available in Europe

Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.

Forex.com

Forex.com is a broker that offers a diverse range of CFDs, including cryptocurrencies, stocks, currency pairs, commodities, bonds, and ETFs. According to CTFC data, Forex.com is the forex broker with the highest trading volume in the US. Offering competitive fees, the broker has offered its users four different account types. You can trade extensively with advanced technical indicators and charting features on the platform.

Forex.com offers users the opportunity to trade with NinjaTrader, MetaTrader 4, MetaTrader 5 and TradingView platforms. The broker also allows you to test your trading strategies with a demo account. The minimum deposit is $100, if you are a high-volume trader, you can save 15% on trading fees on the platform with the Active Trader Program.

Pros

• Accepts US traders
• Advanced charts and trading tools
• Free educational tools

Cons

• No social trading features

77.7% of retail investor accounts lose money when trading CFDs with this provider.

XTB

Founded in 2002, XTB is a global forex and CFD broker. Offering users, the opportunity to trade on stocks, metals, cryptocurrencies, commodities, forex and ETFs, XTB has a wide range of assets. Offering traders low spreads, the broker supports ideal trading platforms for beginners. The xStation 5 platform is intuitive and easy to use.

XTB is regulated by authorities in 11 countries, including the FCA. Offering three account types, Standard, Pro and Islamic, the broker charges no commissions on commodities, indices and forex trades made with the standard account, but charges 0.08% on ETFs (but there are still of course spreads).

Pros

• Well regulated
• Trading with over 1500 assets
• Most deposits and withdrawals methods are free of charge
• Good educational materials

Cons

• No guaranteed stop loss
• Non-Forex spreads are high
• Inactivity fee

78% of retail investor accounts lose money when trading CFDs with this provider.

IQ Option

Founded in 2013, IQ Option is a CFD broker with a low minimum deposit, a good social trading platform and low trading costs. With a $10 minimum deposit requirement, the broker has competitive spreads starting from 0.70 pips. After 90 days of inactivity, the broker charges an inactivity fee of €10 per month. IQ Option's educational materials and market research content are very limited.

Offering very low transaction costs and spreads compared to its competitors in the industry, IQ Option charges the user between 0.01% and 0.5% interest for each night a position is held. IQ Option charges a flat fee of €31 (or equivalent) when you wish to withdraw funds via wire transfer.

Pros

• Tight spreads from 0.7 pips
• Low minimum deposit

Cons

• Expensive bank withdrawals
• Limited educational resources

XM

Founded in 2009, XM is an established broker providing CFD and forex trading services to global clients. The company is regulated by 8 authorities including ASIC, CySEC and FCA. There are 4 account types in XM: Micro, Standard, Islamic and XM Ultra Low. The minimum deposit is $5.

XM has different and transparent transaction fees based on different account types. After 90 days of inactivity, the broker charges an inactivity fee of $5 per month. Listing more than 1200 different stocks from 6 different countries, 5 energies including natural gas, 18 major stock indices and agricultural commodities, XM offered 14 different methods for depositing and withdrawing money. MetaTrader 4 and 5 are the trading platforms offered by XM.

Pros

• Comprehensive educational and research materials
• Low minimum deposit
• Well regulated
• Fast customer support in over 25 languages

Cons

• No fixed spreads
• Inactivity fee

AvaTrade

Founded in 2006, AvaTrade is a forex and CFD broker with low transaction fees and a wide range of trading assets. Offering advanced market analysis materials and educational tools, AvaTrade gives users the option to trade with four different trading platforms. The social trading platform called AvaSocial and the award-winning mobile application called AvatradeGO are some of the nice features that AvaTrade offers to its users.

Regulated by many regulatory authorities including ASIC and CySEC, AvaTrade lists many trading instruments. AvaTrade's AvaOptions platform includes nearly 60 vanilla options and more than 60 ETFs in addition to all trading assets. This provides investors with a great portfolio diversity.

Pros

• Well regulated
• Suitable for beginners
• Low minimum deposit

Cons

• $25 monthly inactivity fee (applied after a certain time of inactivity)

76% of retail CFD accounts lose money

Markets.com

Founded in 2008, Markets.com is a broker that offers its users a wide range of trading tools, tight spreads, and a fast support team. Licensed by the ASIC, FCA, CySEC and FSCA, the broker has many advanced trading tools. Users can access many informative things such as hedge fund investment trends, Thomson-Reuters stock reports, advanced charts, news alerts, trade analyst advice, Trader Trends, financial comments and bloggers' opinions.

Markets.com offers users MetaTrader 4, MetaTrader 5 and its proprietary platform MarketsX. You can reach the company via live chat, phone and e-mail and get customer support 24/5. Deposits and withdrawals on Markets.com are free, but if you do not trade for 3 months, you will have to pay a $10 inactivity fee per month. Transaction fees and spreads on the platform are about the industry average.

Pros

• Wide range of assets
• Well regulated
• Fast and free deposit & withdrawal

Cons

• Below-average fees

BlackBull Markets

BlackBull Markets is an FMA-regulated CFD broker. Offering users 3 different account types, ECN Standard, ECN Prime and ECN Institutional, the broker offers tight spreads starting from 0.16 pips. BlackBull offers users the ability to trade with MetaTrader 4 and 5 platforms. In addition to these platforms, two social trading platforms named ZuluTrade and MyFxBook are integrated with BlackBull. A minimum deposit of $50 is required to open a trading account with BlackBull. Deposits are free, while withdrawals cost between $5 and $20. BlackBull offers 24/7 customer support via email, live chat and phone.

Pros

• Customer support is very good
• Wide range of assets
• Good educational and research materials

Cons

• Withdrawal fees

ActivTrades

Established in 2001, ActivTrades is a broker specializing in CFDs and forex trading. Regulated by the FCA, the broker offers a relatively wide range of products for both institutional and individual investors. Those who want to trade CFDs on stocks, indices, currency pairs, commodities and metals can trade without commissions. At ActivTrades you can trade over 50 currencies with competitive spreads starting from 0.8 pips.

ActivTrades takes a commission of $1 on stock trading. Apart from that, CFDs are not subject to commissions or overnight fees. The customer support desk, available in 14 languages, works 24 hours a day, 5 days a week. The minimum deposit is $500 and withdrawals by wire transfer cost are $12.50, while withdrawals using other methods are free. On ActivTrades you can trade MT4, MT5 and through the broker's proprietary platform ActivTrader.

Pros

• 24-hour customer support in 14 languages
• Fast deposits and withdrawals
• User-friendly platform
• Competitive spreads

Cons

• Tradable instrument range is not very wide
• High minimum deposit ($500)
• Inactivity fee

Skilling

Established in 2015, Skilling is a broker offering trading in CFDs such as commodities, forex, stocks, and indices. Regulated by many authorities including FCA and CySEC, the broker offers users average transaction fees compared to other similar brokers. Publishing its average spreads alongside each financial instrument for all account types, Skilling is very transparent about spreads, transaction fees and transaction costs.

There are three account types in Skilling, Standard, MT4 and Premium. Transaction costs in the Premium account are lower than in other accounts. Skilling does not charge for deposits and withdrawals and does not charge for inactivity from inactive accounts. The minimum deposit is $100 for Standard and MT4 accounts, and $5000 for Premium accounts. You can also use a demo account to test your trading strategies before you start trading.

Pros

• Wide range of assets
• Commission-free transactions
• Well regulated

Cons

• No 24/7 support
• Educational resources are limited

OvalX

OvalX is an online trading services broker headquartered in London. Regulated by FCA, CySEC and FSCA, the broker provides access to over 6000 different instruments through four different trading platforms. OvalX's minimum deposit requirement is $200. Users can test the platform and investment strategies by opening a demo account. Support can be requested by contacting the broker, which offers customer support in 14 main languages, via e-mail or phone number. The platform has variable spreads starting from 0.7 pips. The platform offers users up to a 60% deposit bonus. OvalX has a full-fledged trading academy, various asset-specific trading guides, ebooks, broker platform guides, and webinars.

Pros

• Wide range of assets
• Good educational and research materials

Cons

• No MetaTrader 5 support
• Minimum deposit starts at $200

Saxo Bank

Founded in 1992, Saxo Bank is a leading forex broker providing a wide range of assets and online trading platforms. The broker offers users to trade bonds, ETFs, stocks and CFDs on forex, indices, commodities and cryptocurrencies. Saxo Bank has three proprietary trading platforms that work on the web, mobile and desktop. This reliable broker has competitive spreads and trading fees.

Saxo Bank's minimum deposit requirement is quite high at $2 000. The fact that Saxo Bank is a well-established global financial company makes it one of the most reliable forex brokers. Beginners can use the free demo trading account at Saxo Bank in a risk-free environment. There are no deposit or withdrawal fees for any of the Classic, Platinum and VIP account types offered by the broker.

Pros

• No deposit and withdrawal fees
• Wide range of assets
• Well regulated
• Wide choice of deposit currencies

Cons

• High commissions
• High minimum deposit of $2 000

Swissquote

Founded in 1996, Swissquote is a leading broker with a wide range of trading instruments. Offering users advanced trading tools, user-friendly trading platforms, flexible account types and educational materials, Swissquote makes use of state-of-the-art solutions. Offering a wide range of asset trading including CFDs on ETFs, options, metals, stocks, cryptocurrencies, forex, commodities, indices, energies and bonds, the broker has transparent pricing.

There are no hidden costs and commissions. The broker provides users with competitive spreads, low margin rates and flexible transaction sizes. Swissquote is also one of the best-regulated brokers. Besides MetaTrader 4 and MetaTrader 5, users can also trade with the broker's proprietary platform, Advanced Trader. Each trading platform comes with free analytics plugins and tools.

Pros

• Autochartist
• Commission-free trading
• Wide range of assets

Cons

• Limited number of deposit methods
• High minimum deposit ($1000)
• Spreads are variable

FXTM

Founded in 2011, FXTM is one of the most popular online forex brokers. The broker offers users a variety of investment instruments, including forex, CFDs on indices, commodities, and spot metals. Users can start trading through MetaTrader 4 and 5 platforms with a minimum deposit of $50. Regulated by many authorities, including CySEC and FCA, FXTM has a large client base, especially in the Asian and African markets.

There are three different account types in FXTM: micro, advantage and advantage plus. Account types differ based on the trading platform available, the countries they are offered in, the pricing, the minimum deposit amount and the assets you can trade. Spreads are variable but start at 1.5 pips on EUR/USD. FXTM also offers users a demo account that allows them to hone their trading skills.

Pros

• Very good customer support
• Well regulated
• Several different accounts types

Cons

• High spreads
• Small variety of assets

Bottom Line

The list above will give you a good idea about popular CFD brokers that feature trading on corn on their platforms. We recommend trading only with a well-regulated broker, especially strong regulators are the CySEC, FCA and ASIC. Before you start trading, you need to know enough about the corn trading industry and have a good strategy. There are seasonal markets and the prices of agricultural products can swiftly change so you should be prepared for price changes before you start trading.