Copper is a metal that is considered to be the first metal ever used by humans. It has played a key role in technology for thousands of years, and today, it has a number of essential uses throughout the industry because of its strong electrical properties and heat conductivity. Copper has also been used to print coins, and for many of its applications, it is utilized in its pure form.
Copper is also known as an economic bellwether, and it is a metal with a diverse utility. Because of its wide range of use, the soft malleable metal is often seen as an indicator of global economic health. For the most part, the demand for copper is derived from electronic products, transportation equipment, and building constructions.
It finds applications in multiple industries like agriculture and construction, and today, it is one of the most commonly traded commodities. The metal is highly correlated to economic growth, and traders prefer to go for it when hedgers and speculators are looking to protect themselves from future price movements or when they want to get the most out of them.
How Copper Trading Works for Traders and Brokers
Just like silver and gold, copper is also highly ductile and conducts electricity, but unlike them, it is not that rare. Because of the metal’s wide range of global uses, copper is traded in big volumes, which might work to the advantage of traders since the chart patterns will be cleaner, while spreads will be reduced.
One of the main reasons why traders prefer to hone in on trading copper is that it is widely accessible. Copper is traded with various intents, and portfolio diversification is among the main reasons why traders settle on it. The metal can be traded on multiple platforms, and speculators are offered a choice of options, futures, and spreads. Gaining exposure to copper is also possible through EFTs and CFDs.
Depending on their preferences, traders can invest in copper directly and indirectly, and if the first route is what they prefer, they should decide between coins, bullion bars, and futures.
While picking the copper trading platform they will use, traders should check if the broker charges a commission and whether there are inactivity, deposit, and withdrawal fees. The margin on each trade is yet another thing to consider when being on the lookout for a copper trading platform.
- Bullion bars – as is the case with gold and silver, investing in copper is also possible by purchasing bullion bars. Yet, while investing in copper in this way, traders should not forget about the additional costs they will face
- Copper coins – purchasing copper coins is far more convenient than buying bullion bars, and not to mention that if they prefer, traders can get smaller sizes
- Copper futures – another way to get exposure to copper is to go for futures. When they go for copper futures, traders will be required to buy or sell a preset amount of copper at a specific future date. Traders will be offered the chance to roll out the position longer than the predetermined date or terminate it prior to it
- Copper stocks – buying stocks of copper mining companies is one of the options traders have when they want to get exposure to the metal as an equity investment. Naturally, the returns will vary greatly depending on the mines the company owns and the quality of the company itself
- Copper ETFs – another option traders have is to buy ETFs that might hold stocks of copper mining companies, copper futures, bullion, or a combination of these
- Copper options – just like futures, copper options also have an expiration date, but the difference lies in the fact that options are successful, provided that the asset’s price reaches a preset value prior to that future date
- Copper CFDs – CFDs are the way to go when traders do not want to own billions, coins, shares, options, or futures but want to speculate on the price of copper. The value of the contracts for difference or CFDs will decrease when the copper price decreases and will increase when the copper price increases
Why the Price of Copper Changes
In order to better prepare your trades and increase your chances of predicting the direction in which prices might move, you should also invest some time into learning the factors that might move the price of copper.
To a large extent, the direction in which the copper price will move is determined by the demand from markets like India and China. In simple terms, the price of copper will increase during periods of economic growth because of the greater demand, and vice versa, it will decrease during economic downturns.
Supply problems might be yet another reason for changes in the direction in which copper prices move. For example, the prices might increase as a result of trade wars that lead to a decrease in the mining output and disruption of the supply chains.
The price of copper can also be influenced by alternative metals. When the copper price goes too high, some industries start looking for cheaper alternatives like aluminum, for example. Thus, the copper price drops as a result of the shrunk demand.
Copper Trading Brokers
Making sure that your broker of choice offers copper trading should not be the only indicator that it is a worthwhile option. Traders should also make sure that the platform offers innovative trading solutions, reliable trade execution, and competitive pricing, among others.
- 1. AvaTradeMin Deposit$100Fees
CommissionsDoes not charge a commissionSpread$0.005 over marketLeverage EU10:1Leverage non-EU50:1CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.
- $50 inactivity fee
- $100 administration fee
AvaTrade was established in 2006, thus becoming one of the very first Forex trading platforms that cater to retail customers. Since that time, the broker has build a solid reputation, and it is one of the most highly regulated brokers that has the approval of the South African Financial Sector Conduct Authority, Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority, Israel Securities Authority, the Australian Securities and Investments Commission, and the Polish Financial Supervision Authority, among others.
The broker has already established itself as a major player in the online financial world, and the variety of instruments AvaTrade users can pick from is undoubtedly above the average. The number of available instruments has already gone above 1,000, and the available options include indices, stocks, Forex, cryptocurrencies, and commodities, including copper.
As AvaTrade users, traders will be given a choice of several trading platforms and ways to execute their trades. AvaTradeGo, WebTrader, MetaTrader4, and MetaTrader5 all offer mobile trading support, which will undoubtedly appeal to traders who are constantly on the go. Trading copper is also possible through the automated trading platforms like DupliTrade and ZuluTrade.
AvaTrade is undoubtedly a broker that caters to an international user base as the website is available in more than 20 different languages. The deposit and withdrawal methods are selected to ensure that they will measure up to the requirements of traders from different countries as they can handle their payments through Neteller, Skrill, wire transfer, or using their credit or debit card, among others.
- 2. AxiMin DepositNo minimum deposit amount requirementFeesNo fees for standard accountsCommissions
Spread25 pipsLeverage EU10:1Leverage non-EU100:1CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.1% 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.
- No commission for standard accounts
- $3.50 per lot ($7 round trip) for pro accounts
Founded in 2007, Axi is now a broker that gets recognition for its premium-quality trading services again and again. The broker is trusted by traders from 100 countries around the globe and counting, and its reliability are what makes Axi a top choice security-conscious traders.
The security of its users and fraud prevention are top priorities for the broker, and to protect the accounts of traders, Axi has implemented high industry standards of encryption for payments to and from the trading platform. Additionally, Axi offers an automatic client money insurance that should give traders extra peace of mind.
The markets Axi users are allowed to trade on include precious metals, indices, shares, Forex, cryptocurrencies, oil trading, and commodities, among others. Axi is undoubtedly the place to go if traders want to trade commodities, and copper, in particular, because of the simple and intuitive platform they will be allowed to use and the advanced trading tools, thanks to which they can make smarter decisions. Trading copper is possible on MetaTrader4 and PsyQuation, while Autochartist will provide traders with information about customized trade opportunities.
If you want to start trading without the risk, you will have this opportunity after you create a demo account and thus get virtual funds to practice with.
- 3. AdmiralsMin Deposit$100Fees
- €2 Monthly maintenance fee
- €1 and 1% of the transaction value for debit card payments in another currency for Visa Europe and €1 and 2% for Visa non-Europe
Leverage EU10:1Leverage non-EU
- 0.28 min spread
- 0.34 typical spread
Risk warning: Trading Forex (foreign exchange) or CFDs (contracts for difference) on margin carries a high level of risk and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. Before using Admiral Markets UK Ltd, Admiral Markets Cyprus Ltd, Admiral Markets AS Jordan Ltd, Admiral Markets Pty Ltd and Admirals SA (PTY) Ltd services, please acknowledge all of the risks associated with trading.
Since its foundation in 2001, Admiral Markets has considerably expanded its footprint, and today, it is a truly global organization that provides its services worldwide. It is among the most frequented brokers, to a large degree because of the wide variety of products. Traders can pick and choose from bonds, stocks, indices, cryptocurrencies, ETFs, and commodities like copper, silver, gold, palladium, and platinum. Another reason why traders might want to give the broker’s services a try is that they will benefit from ultra-fast order execution, no re-quotes, and stop distances.
The broker gives its users a choice from several flexible account types that have their own specifications and features. Depending on the trading platform they will settle on, Admiral Markets users will be allowed to go for Trade.MT5, Invest.MT5, and ZeroMT5 accounts. Traders should examine carefully the features of all these account types because the instruments they will be able to access, the currencies in which they can set up their accounts, the minimum amount they can deposit, and the leverage, spread, and commission, among others, will also vary.
As it seems, the broker wants to ensure that its users will be able to make better-informed decisions, and to achieve this, Admiral Markets has dedicated a separate section for education, where traders will find tutorials, articles, videos, webinars, and videos.
- 4. easyMarketsMin Deposit$25 or $10,000FeesNo account feesCommissionsNo commissionSpread55Leverage EU10:1Leverage non-EU200:1Trade Responsibly: CFDs and Options are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Options work and whether you can afford to take the high risk of losing your money. Please refer to our full Risk Disclaimer. Easy Forex Trading Ltd (CySEC – License Number 079/07).
Serving customers since 2001, easyMarkets is now a broker traders settle upon because of the wide market variety, innovative tools, reliability, and the freedom to execute their trades no matter the time or the place.
The broker has covered some of the most chosen markets like shares, cryptocurrencies, Forex, commodities, indices, and metals. Precious metals such as gold, silver, platinum, and palladium, along with commodity metals like copper, are all among the trading opportunities easyMarkets offers.
While being at easyMarkets, traders can make use of several trading tools, including dealCancellation, freeze rate, and free guaranteed stop loss. The negative balance protection feature is one more risk management tool traders can take advantage of.
The broker gives its users a high level of choice also in terms of the platforms they can trade on, and trading copper is possible using easyMarkets MT4, easyMarkets MT5, easyMarkets TradingView, or the easyMarkets web platform. Depending on their pick, they will be offered fixed or variable spreads, integrated news and charts, vanilla options, micro lots, no slippage, and others.
If traders think that they need more time to wrap their head around copper trading or want to put the strategy they have developed through its paces, they should consider using the easyMarkets demo account. Once they gain more experience, traders might want to upgrade their accounts and become easyMarkets VIPs. Thus, they will gain access to real-time market updates, the tightest fixed spreads, lower deposit minimums, and will be offered the opportunity to trade over the phone.
- 5. XTBMin Deposit
- $/€/£100 minimum first deposit
- After their first deposit, traders will be allowed to transfer more or less than that amount
- Inactivity fee €10 or the currency equivalent
- 2% fee for deposits via Skrill for UK residents
- 2% fee for deposits via Skrill and 1% for Neteller for UK and European residents
Spread21 minimum spreadLeverage EU10:1Leverage non-EU67:1Contracts for Difference ("CFDs") are leveraged products and carry a significant risk of loss to your capital, as prices may move rapidly against you and you may be required to make further payments to keep any trades open. These products are not suitable for all clients, therefore please ensure you fully understand the risks and seek independent advice.
- No commission for a standard account. The only exceptions are ETFs and equity CFDs
- The commission for pro accounts varies between the accepted countries
XTB is celebrated as one of the largest CFD and Forex brokers on a global scale that gives its users instantaneous and easy access to hundreds of markets. The broker is dedicated to providing its users with a best-in-market trading platform and spares no effort to constantly improve the used technology. XTB claims that the offered trading solutions are cutting edge, and the available platforms prove this.
Traders who join the community of XTB will execute their trades using xStation 5 or xStation 5 mobile that stand out from the crowd with their intuitive and simple design and wide instrument variety.
No matter what their trading goals are, XTB users are bound to find the instrument they are keen on, as the options they can decide between include cryptocurrencies, stocks, indices, Forex, EFTs, and commodities. The broker allows its users to trade popular commodities like copper, silver, gold, and oil, among others, around the clock and on all devices. Additionally, they will benefit from competitive spreads and transparent rollover that is visible directly on the chart.
Traders will be fully set up to start trading copper in next to no time after they top up their accounts using one of the quick and convenient funding options like Skrill, Neteller, bank transfer, or their debit/credit card. Yet, what traders should consider is that they will only be allowed to withdraw their funds back to their bank accounts.
With almost 20 years of experience, the broker is perfectly aware that variety is key to the satisfaction of its users. XTB is a trusted and regulated broker that operates under stamps of approval issued by the FSC, FCA, KNF, and CySec.
- 6. HYCMMin Deposit$100FeesNo deposit and withdrawal feesCommissionsNo commission for fixed and classic accountsSpread
Leverage EU10:1Leverage non-EU100:1High Risk Investment Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% 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. For more information please refer to HYCM’s Risk Disclosure.
- 1.8 pips for fixed accounts
- 1.2 pips for classic accounts
- 0.2 pip for raw accounts
HYCM is one of the best-known brokers in the online trading world, as it has been providing trading services since 1998. The broker has a solid background as it is part of the HYCM Capital Markets Group, a company, which has businesses in multiple areas.
It is regulated by the CySEC and the FCA, which speaks volumes in terms of the broker’s trustworthiness. Traders should not worry about the safety of their funds either as they are protected by the IFC and the FSCS.
The broker is dedicated to offering trading services that are up to the standard, and this is why HYCM offers its users tight spreads, lightning-fast execution times, a variety of account types, and a wide assortment of instruments. Forex trading, stocks, indices, and commodities, including copper, are all on the list of options account holders can go for.
HYCM users are offered the opportunity to pick from three account types, including fixed, classic, and raw. Depending on the account type they will pick, traders will benefit from commission-free trades, a minimum deposit of $100 or $200, and variable or fixed spreads, which promises that they will find an account type that will fit their individual requirements. VIP accounts are also available, and traders who go for such will benefit from a personal account manager, better spreads, and comprehensive market analytics.
The broker has a number of global awards for excellence, and obviously, NYCM delivers when it comes to mobile and Forex trading. Yet, the broker’s name has become synonymous with excellence also when CFDs are concerned.
- 7. LCGMin Deposit$100Fees2% fee for deposits via credit cardsCommissionsNo commissionSpread40 minimum spreadLeverage EU10:1Leverage non-EU100:1CFDs and spread bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.
With more than two decades on the online trading scene, LCG is a worthwhile broker to consider, especially if traders are looking for a globally recognized and experienced broker. LCG is a broker that traders can trust because it is regulated by the Financial Conduct Authority. Besides, they can use its services with the full peace of mind that their funds are heavily protected as they will be securely kept in Tier 1 banks.
LCG is a Forex and CFDs broker of choice for many traders because of the tight spreads and low margin requirements it offers. The wide instrument variety is yet another reason why more and more traders are enthusiastic about giving LCG a try. The variety of markets is, indeed, impressive as their number exceeds 7,000. The asset classes are nine in total and include bonds, ETFs, interest rates, Forex, shares, indices, and commodities. As for the featured commodities, traders can go for a number of softs, energies, and metals, including copper.
In order to access one of the thousands of instruments the broker offers, traders should first decide if they want to sign up for an Islamic account, ECN, or would rather go for CFD trading.
LCG does not underperform also when it comes to the accepted payment methods and the processing times. Bank transfers, Mastercard, Visa, Neteller, and Skrill are among the funding options traders can decide between when they are fully prepared to start trading copper. What traders should remember, however, is that if they want to top up their account through their credit card, they will face a fee of 2%.
- 8. Capital.comMin Deposit$20FeesNo deposit and withdrawal feesCommissionsNo commissionSpread0.00600Leverage EU10:1Leverage non-EU10:1CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.45% 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.
Capital.com is one more broker traders might wish to add to their list of go-to copper trading platforms. The platform the broker offers is sure to grab the attention of traders because it is easy to use and guarantees that trading copper will be simple and far more intuitive than with some of the other such platforms.
As account holders at Capital.com, traders will enjoy seamless access to more than 6,000 of the world’s biggest markets like commodities, cryptocurrencies, indices, shares, and currency pairs. Not only are traders offered the opportunity to trade copper, but they will also be presented with live forecasts about its price and in-depth explanation of how to speculate on its price.
Traders will be offered the ultimate freedom to enter and exit positions whenever and wherever they prefer as they can access the markets on their desktop and portable device. Trading copper is one click away, and so are the industry-leading features the broker has introduced. Price alerts, client sentiment, charts, and dozens of technical indicators are only some of the features traders can make use of in order to work through the goals they have set.
Capital.com puts a heavy focus on the protection of its users and relies on Transport Layer Security to encrypt all information traders will expose. The trustworthiness of the broker is not something traders should worry about as Capital.com has stamps of approval issued by the FCA, ASIC, CySEC, and FSA.
- 9. Trading 212Min Deposit€10Fees
CommissionsNo commissionSpread0.09Leverage EU10:1Leverage non-EU10:1Your capital is at risk. Investments can fall and rise and you may get back less than you invested. Tax treatment depends on your individual circumstances and may be subject to change. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client 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.
- No deposit fees until the cumulative deposit amount reaches €2,000. After this, a fee of 0.7% will apply
- Withdrawals are fee-free
With a customer base of more than 1.5 million users, Trading 212 is undoubtedly one of the most chosen brokers available these days. The broker strives to think outside the box, and Trading 212 became the first platform to offer commission-free stock trading in Europe and the UK.
It is hardly a coincidence that Trading 212’s services continue to cause a stir as the broker provides its users with quick and stress-free access to a number of major markets, including Forex, indices, stocks, and commodities. If you are interested in trading commodities, and copper, in particular, you will have that opportunity to do so whenever and wherever you feel like it. The mobile app Trading 212 offers is undoubtedly an attention-grabber as it became UK and Germany’s number one trading platform.
Trading 2012’s Hotlist is a section traders might frequent when they want to check how many trades are made on each instrument. The Risers and Fallers, on the other hand, will help them keep abreast of the user changes of ownership numbers for each stock over a specific period of time.
Traders can rest assured that their sensitive information and funds are heavily protected with Trading 212 as the broker is authorized and regulated by the Financial Conduct Authority and Cyprus Securities and Exchange Commission. Trader’s protection is also guaranteed through an around-the-clock operations center, the representatives of which monitor the traffic in order to alert traders if this is needed. Additionally, the US-based Security Metrics carries out regular scans and penetration tests to ensure that the safety measures are up to the minute.
- 10. TickmillMin Deposit$100FeesN/ACommissions
- 0.0020% for pro accounts
- No commission on stocks
Leverage EU10:1Leverage non-EU50:1Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd. You should consider whether you understand how CFDs or our other products work and whether you can afford to take the high risk of losing your money.
- Minimum spread 0.0016
- Typical spread 0.0021
Tickmill is a broker with a proven track record that is known for its premium trading products and services. The broker is so preferred by traders because of the premium trading conditions they will benefit from, the variety of more than 180 instruments, low commission, and spreads that start from as low as 0.00 pips.
Tickmill provides its users with quick and easy access to a number of popular instruments, including Forex, stock indices and oil, bonds, cryptocurrencies, and metals. Traders will have the chance to speculate on the price of copper after they complete the registration and make a deposit that is all done in the blink of an eye, no matter if they want to use the MetaTrader4, MetaTrader5, MetaTrader WebTrader Platform, or MetaTrader for Mac.
In order to cater to the constantly evolving needs of its users, the broker relies on trading platforms that are powered by innovative technology and offer some advanced features. Tickmill is undoubtedly looking to offer services that measure up to the requirements of all traders, and the available account types prove this. Depending on their trading experience and style, Tickmill’s users can go for a classic, pro, VIP, or futures account.
The dedicated customer support remains by traders’ side when they need assistance, and getting in touch with the support hosts is possible in a number of languages and through the live chat, over the phone, or via email.