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There are a variety of different options for those looking to invest in commodities and financial instruments that give access to commodity markets. If you’re looking for the best commodity trading platform Malaysia, you’ll need to take into consideration a couple of things. Among them are the trading tools, features, regulations, and more.

In this article, we explore the best online commodity trading platforms that can eventually help you figure out which platform is right for you.

Contents

Best Commodity Trading Platforms Malaysia List

  1. eToro: Overall Best Online Commodity Trading Platform Malaysia
  2. Libertex: Best Low Fee Online Commodity Trading Malaysia 
  3. Plus500: Best CFD provider Malaysia Commodity Platform Malaysia
  4. Skilling: Best Beginner Commodity Trading Platform Malaysia

Best Commodity Trading Platforms Malaysia Reviewed

1. eToro – Overall Best Online Commodity Trading Platform Malaysia

commodity trading platform malaysia

eToro is an all-in-one online trading platform that’s famous for its social and copy trading systems. Having focused greatly on their social trading systems, eToro was able to create a budding community of investors of all types where anyone can benefit. The popular broker has amassed tens of millions of users from all over the world and is properly licensed and regulated. 

Equipped with its own proprietary trading platform, eToro boasts a plethora of payment options, dozens of educational resources, and a sleek mobile app. What’s more, is that users even have access to a demo account where they can practice various trading strategies or learn new techniques as beginners.

The broker also makes sure that anyone with an interest and intent to trade or invest in gold or any financial instrument will be able to do so. Trading with their platform is almost seamless and even using different trade orders is intuitive as well. It’s a great place to start if you’re looking to get into investing commodities because of the option of learning and using the exact executions of other traders.

commodity trading platform

It’s our overall best commodity trading platform Malaysia because of its reliability, strong features, and ease-of-use. 

In terms of commodity assets, eToro sports a commendable 32 tradable commodities including commodity futures. at up to a 10:1 leverage option. The platform also includes over 2,600 stocks, 32 commodities, 41 cryptos, 13 indices, and 263 ETFs.

eToro fees

Fee Amount
Stock trading fee Free
Commodity trading fee Spread, 0.07%
Crypto trading fee Spread, 0.75% for Bitcoin
Inactivity fee $10 a month after one year
Withdrawal fee $5

Pros:

  • Trade commodity, stocks, indices, ETFs, cryptocurrencies, and more
  • Zero commission
  • Debit/credit card, PayPal, and other payment methods available
  • Commodity social trading platform with copy trading other equities
  • Easy-to-use mobile app
  • Regulated by the FCA, ASIC, and CySEC

Cons:

  • Missing the smaller cryptos, stocks, and other equities
  • Lacks advanced technical trading tools and indicators

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Libertex - Best Low Fee Online Commodity Trading Malaysia

commodity trading platform malaysia

Traders looking for low-cost or low-fee commodity investing should look no further than the Libertex commodity trading platform Malaysia. With integrations with MetaTrader 4 and MetaTrader 5, Libertex offers tons of financial instruments available for trading using advanced trading tools.

Users will also be pleased to know about the educational content that Libertex offers. New and seasoned traders alike can highly appreciate their demo platform available that starts with $50,000 virtual equity.

Libertex fees

Fee Amount
Stock trading fee Commission. 0.034% for Amazon.
Commodity trading fee Commission. 0.03% for Crude Oil
Crypto trading fee Commission. 1.23% for Bitcoin.
Inactivity fee $5 a month after 180 days
Withdrawal fee Free

Pros:

  • One of the lowest costs with fixed commissions instead of spreads
  • MetaTrader 4 & 5 available
  • No deposit fees
  • Multiple payment methods
  • Accepts PayPal
  • Trade anywhere with the mobile app
  • Demo account with virtual equity of 50,000 Euros
  • Great educational resources for beginners
  • Investment account available for purchase of real shares

Cons:

  • Limited customer support available
  • Trading is limited to CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

3. Plus500 - Best CFD provider Malaysia Commodity Platform Malaysia

commodity trading platform

For the daring or more advanced traders who want to make the most bang for their buck, Plus500 and its high-leverage commodity trading platform Malaysia is a good pick.  They offer more than 20 commodity assets with up to 150:1 leverage, meaning $100 dollars of equity can amount to a $15,000 position. With no commissions and 24/7 customer support, Plus500 is a decent option for commodities trading.

Plus500 fees

Fee Amount
Stock trading fee Spread. 23.51 pips for Amazon.
Commodity trading fee Variable spreads
Crypto trading fee Spread. 4.11% for Bitcoin.
Inactivity fee £10 per month after three months
Withdrawal fee Free

Pros:

  • Tight spreads
  • Up to 1:300 leverage
  • Advanced trading tools with stop loss and guaranteed stop to limit losses
  • Easy account opening
  • Demo account available
  • Zero deposit and withdrawal fees
  • Authorized and regulated by the Financial Conduct Authority (FCA)

Cons:

  • Not available in many countries
  • Requires inactivity fee

71% of retail investor accounts lose money when trading CFDs with this provider. 

4. Skilling - Best Beginner Commodity Trading Platform Malaysia

bursa suq al-sila’ commodity trading platform

In this review, the newest commodity trading platform Malaysia is Skilling, a transparent and adaptive broker that’s suitable for different types of traders. With beginner courses available and other educational resources, the site could be the best commodity trading platform for beginners.

For commodity trading, Skilling has 6 commodity assets and offers up to 100:1 leverage for commodity assets at a 1% margin requirement. The broker also has reasonable spread prices for commodities like oil, starting from 0.03%.

Skilling fees

Fee Amount
Stock trading fee o% Commission on Skilling's Trader Account
Commodity trading fee Spread. 0.04% for Oil
Crypto trading fee Spread. 0.20% for Bitcoin.
Inactivity fee €10 per month after one year
Withdrawal fee Free

Pros:

  • Zero commissions
  • Competitive spreads vs rival platforms
  • Copy trading feature available
  • Trading courses available for beginners
  • Licensed and regulated by the FCA
  • Free demo account
  • Highly transparent platform
  • Up to 10:1 leverage on stocks
  • Different account types available for experience levels
  • Low spreads on Crypto CFDs

Cons:

  • Lacks certain stocks and crypto
  • No support for MetaTrader platforms

Your capital is at risk.

Best Commodity Trading Platform Malaysia Comparison

Trading Platform Fees Stock trading fees Commodity trading fees Overnight fees
eToro Free Spread Overnight fees for CFDs. No overnight fees for non-leveraged stocks, ETFs, and crypto.
Libertex 0%-0.46% commission Commission Yes. Taken at end of each trading day at 9 pm GMT as interest, which may be positive or negative. For CFDs, the overnight fee is triple when holding from Friday to Monday.
Plus500 Variable spread Variable spread Yes. Applies to all instruments.
Skilling 0% Commission Variable spread  Yes. Applies to all instruments.

How to Choose the Best Commodity Trading Platform Malaysia for You

When it comes to finding the best commodity trading platform, there are plenty of different features and tools that you’ll need to take into consideration. For example, religion may play a role in what platform you’ll use. Islamic Malaysian traders might opt for the Bursa Suq Al-sila’ commodity trading platform in support of Islamic finance.

In this section of the article, we’ll go over the different aspects of commodity trading platforms and their importance in commodity trading.

Regulation

commodity trading platform malaysia

The first thing that users should always look for in any broker that offers trading in markets is regulation. Regulations by accredited financial organizations mean that the brokers and their corresponding platforms reach a standard of safety, security, and the region’s policies.

All of the brokers that we mention in this article are regulated by their respective bodies. 

Commodities

As commodity traders, there are mainly two accepted categories of commodities: soft commodities and hard commodities. Hard commodities are those that need to be mined or extracted. For example, oil, natural gas, and precious metals are all hard commodities as they need to be pulled from the earth.

commodity trading platform

On the other hand, soft commodities are agricultural products or livestock. For example, cattle, orange juice, and wheat are all soft commodities as they are usually produced on farms.

Some commodities traders only need certain assets to profit from their trading strategies like using only Gold, Oil, and Silver only. However, having more options to trade different commodity assets means that when different market conditions arise, there are more opportunities to hedge or seek better growth with more options.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Fees

The most common way that commodity trading platforms earn is through the spread. This is how many brokers have the ability to allow trading commission-free. There are however certain fees that might come along with certain trading platforms. For example, there are withdrawal fees for some platforms while others do use commission still.

Commodity Trading Commission

In this review, we’ve only mentioned one platform so far that requires commodity trading commission and this platform is Libertex. Their advantage is that because their commissions are low, traders can benefit from the extremely tight bid to ask prices that allow them to better profit in their strategies.

Commodity Trading Spreads

Commodity trading spreads are the most common way that brokers earn, which is how most of the previously mentioned brokers make their money. Commodity trading spreads are essentially the difference between buy and sell or bid and ask prices. 

This difference can also change depending on the time and asset that is being bought or sold. This is why some brokers offer varying spreads which makes sense with a market that has multiple commodity assets.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Leverage Fees

Because leveraged positions essentially have borrowed money, a certain interest fee must be charged for users who trade with margin. The longer a user holds the leveraged position, the more their leverage fees buildup as the money is still being held in the account. Some brokers have lower leverage fees than others, but the difference or discrepancy might not be too significant.

Other Fees

Aside from spread, commission, withdrawal fees, and leverage fees, some brokers might charge miscellaneous fees that go with their policies. An example of another fee is the Inactivity Fee which some brokers have to stave off traders who stop using a certain platform. Some brokers do require an inactivity fee, so make sure that if you’re still testing the waters in commodities trading, check if your broker has inactivity fees.

Trading Tools and Features

bursa suq al-sila’ commodity trading platform

There are a plethora of commodity trading strategies out there and they are also ever-changing. One of the best ways to follow certain strategies is via trading tools and indicators. For example, the simple range-trading technique requires users to identify the support and resistance levels of a certain commodity in a specific time frame.

This means that certain platforms with trading tools and features that help the user find these support and resistance levels better will indeed help them in their trading. However, this does not mean that trading tools and features are the only things that users should be looking for when finding the best commodity trading platform for them. It all matters on their strategy as some platforms offer different tools and even features like educational content that might better the trading experience for others.

Leverage

Leverage is a big part of commodities trading as, unlike the stock market, commodity markets don’t move as fast or are not as volatile. This means that movements are not significant enough to profit well without leverage. Positions that use leverage are indeed riskier in terms of price swings, but if used in the right strategies, leverage can be a powerful tool for traders.

Some platforms offer low leverage like 10:1 while others can offer up to 150:1 for commodities. Generally, higher leverage is for more advanced traders, so make sure to take into account the other features before assessing the leverage values of the platforms.

Order Types

As commodities run virtually 24 hours a day - five days a week, there are inevitably times in the market where no trading occurs. This is when certain order types matter, even in live trading. Essentially there are two different types of orders, live and pending.

Live orders happen at the time of execution and occur when markets are live while pending orders are usually those that only execute either at a specific time or at a specific price in the asset. Either way, trading platforms must know how to incorporate the order types well into their system so that trading for users is seamless for them.

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Automated Trading

Automated trading is popular especially for traders who have used the MT4 and MT5 platforms. This essentially means that you’ll be leaving a program or algorithm to read certain patterns and execute certain trades when they detect the patterns. Automated trading is definitely a feature that only more advanced traders would want to see in a commodity trading platform.

Alerts

Trading has become more and more mobile nowadays. As users always have access to their smartphones and devices, alerts have become a great way to keep track of your portfolio and positions. It is recommended to get a broker that has good and consistent alerts to help keep your positions in check.

Education, Research, and Analysis

commodity trading platform malaysia

For many beginner traders, digestible educational courses and research analyses are very important as trading is normally an overwhelming matter to teach. Some trading platforms have a copy and social trading to allow newbie traders to learn from more experienced traders. Other platforms use actual educational resources and offer trading courses to help newbies ease into the world of trading and investing better.

User Experience

Perhaps user experience, in the end, is one of the most important factors when it comes to choosing the right broker for you. User experience can make or break a product and commodity trading platforms have to know that an intuitive platform and a user-friendly site is a must at the very least.

Demo Account

One of the best ways for new traders to learn and for advanced traders to try out new trading strategies is through a demo account. Most brokers these days offer demo accounts for any user, so it's often good practice to try out the demo accounts of different brokers and choose which one you think will be the best suit for your needs.

Payment Methods

In real-life experience, payment methods really do matter, especially when you’re looking to keep using a certain broker for the long run. It is important that trading platforms have a variety of payment methods but it’s equally as important that they keep and are consistent with their payment options. If your main source of funding is available for the broker, then consider it.

Customer Service

Last but not least, customer service is also perhaps a make-or-break factor for many brokers. One dissatisfaction for a user can cause a lot of distress, especially in trading where the environment already isn’t so easy-going to begin with. The current standard for customer service in the industry is 24/5 but there are some brokers that go the extra mile and offer 24/7 customer service.

How to Start Commodity Trading in Malaysia

In this last part, we’ll show you a step-by-step guide to help you start commodity trading in Malaysia. Using eToro as the sample commodity trading platform Malaysia, learn how to start investing below.

1. Open an Account and Upload ID

commodity trading platform

Head on over to the eToro site and press the Join Now button. You have the option of creating an account with your email address or through a Facebook or Google account. 

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Step 2: Confirm Identity

bursa suq al-sila’ commodity trading platform

In this step, you’ll need to verify your identity in order to deposit and start trading. Upload a clear picture of a valid ID like a passport or driver’s license as instructed by the eToro guidelines in the platform.

Step 3: Deposit Funds

commodity trading platform malaysia

Once eToro has verified your account completely, you may now deposit funds. Choose from a wide variety of payment methods and make sure to meet the minimum deposit value when adding equity to your account.

Step 4: Search for Commodities

commodity trading platform

In this step, simply go to the search bar and type the commodity asset you’re looking to trade. Let’s say you want to start trading Crude Oil, simply type “Oil” and click the ‘Trade’ button when it pops up. It should lead you to the order form where you can finally place your trade.

Step 5: Place a Trade

bursa suq al-sila’ commodity trading platform

In the order form, enter how many shares you want to purchase as well as the amount that you want to trade. You also have the option of choosing your leverage value, and stop loss and take profit prices. Take note of overnight and over-weekend leveraged position fees at the bottom of the modal.

67% of retail investor accounts lose money when trading CFDs with this provider

Best Commodity Trading Platform Malaysia - Conclusion

As mentioned previously, many investors start placing positions in commodities as a hedge against the volatility of the stock market and other financial markets. However, there are some traders that do profit from strategies that involve only trading commodities at leverage. In any case, our recommendation for the overall best commodity trading platform Malaysia remains to be eToro as users of any experience level can benefit from its many features.

If you want to start commodities trading with eToro, invest and buy financial instruments using the eToro platform. Click on the link below to start trading!

eToro - Overall Best Commodity Trading Platform Malaysia

commodity trading platform malaysia

67% of retail investor accounts lose money when trading CFDs with this provider. Your capital is at risk.

FAQ

Which commodity platform Malaysia charges the lowest fees?

When it comes to trading fees, Libertex will be the lowest Malaysia commodity trading platform.

Which commodity platform Malaysia offers the most commodities assets?

eToro offers the most commodities assets if you include futures at 32 assets. Libertex comes in second.

What is the best commodity trading platform Malaysia for beginners?

We recommend eToro or Skilling as the best Malaysia trading platforms for beginners.

Are commodity trading platform Malaysia safe?

The Malaysia commodity trading platforms we reviewed in this article are safe as they are licensed by the appropriate regulatory bodies.

How do commodity platform Malaysia make money?

There are many different ways that Malaysia trading platforms earn. They usually do this through the spread, but other platforms earn through different fees like commission or deposit fees.

Which commodity trading platform Malaysia accepts Paypal?

eToro, Libertex and Plus500 are all Malaysia commodity trading platforms that accept PayPal.

What is the best commodity trading platform for the Malaysian?

Overall, the best commodity platform in Malaysia is eToro as it is a well-balanced and all-around great platform.

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About Jose Rafael Aquino
About Jose Rafael Aquino

Jose Rafael Aquino is a Filipino writer and entrepreneur that specializes in finance, technology, cryptocurrency, and sports. Versed in the startup tech space, he has written for websites such as The GUIDON, StockApps, and BuyShares.