Prop Firms for Commodity Trading

Trading commodities — gold, silver, crude oil, natural gas and more — gives prop firm traders a unique window into natural resource markets. Unlike forex, commodities have a direct connection to the real economy: copper demand reflects construction, gold responds to uncertainty, and oil moves with geopolitics. It's a market where fundamental and technical analysis converge like nowhere else.

But trading commodities at a prop firm has particularities that many traders underestimate. Leverage varies dramatically between metals and energies, commissions can be much higher than in forex, and news trading rules are especially restrictive for instruments like gold and oil. In this guide we analyze which firms offer commodity trading, which have the best conditions, and how to choose the right firm when your focus is on raw materials. For the always-updated list, check our list of prop firms for commodity trading.

How Many Prop Firms Offer Commodity Trading?

Out of the 49 firms on our platform, 40 offer commodities as a trading instrument — the second most widespread category after forex. Commodities mainly include metals (gold, silver, platinum, palladium) and energies (WTI crude oil, Brent, natural gas). Some firms also offer agricultural commodities like corn or wheat, but they're in the minority.

Conditions vary enormously: leverage on metals ranges from 1:5 to 1:100, and commissions range from $0 to $7 per lot. It's a market where choosing the right firm can make a significant difference in your profitability.

Metals vs. Energies: Two Different Markets

The first thing you need to understand is that prop firms treat metals and energies differently. Metals (gold, silver, platinum, palladium) generally have higher leverage and more liquidity — gold is the second most traded instrument after EUR/USD at many firms. Energies (oil, natural gas) typically have lower leverage, higher volatility per barrel, and different commissions.

This distinction is crucial. One firm may offer 1:100 on metals but only 1:5 on energies. Another may charge $0 on natural gas but $7 on gold. If your strategy focuses on a specific type of commodity, check the conditions for that particular instrument, not just the general ones.

Firms with the Highest Leverage on Commodities

Leverage on commodities is generally lower than on forex — regulators impose it this way for commodity CFDs. But some firms offer competitive multipliers:

MyCryptoFunding offers 1:100 on metals and energies — the highest leverage available for commodities at any prop firm. With 700+ trading pairs, proprietary platform and MT5, and progressive profit splits from 80% to 100%, it's the most aggressive option for commodity traders seeking maximum buying power.

Audacity offers 1:100 on metals during its Ability Challenge, dropping to 1:30 on funded accounts. On energies it offers 1:25 on challenge and 1:60 on funded — one of the few firms where energy leverage can exceed metals. But at $6/lot commission, the per-trade cost is significant.

CryptoFundTrader offers 1:100 on metals and energies for its Advance plan, and 1:30 for the Student plan. With 80% profit splits and MT5, MatchTrader and ByBit platforms, it's competitive for traders combining commodities with crypto.

BrightFunded offers 1:40 on metals and energies — high leverage for a firm with its own platform. With 80% profit splits (90% with add-on) and a Trade2Earn program that generates tokens for volume traded on commodities, BrightFunded is an interesting option for active traders.

The Most Established Firms for Commodities

You don't always need the highest leverage. Experienced commodity traders prioritize reliability, low commissions, and overall conditions:

FTMO offers 1:30 on metals for its Standard account and 1:9 for Swing, with a commission of 0.0014% — one of the lowest in the industry. With TrustPilot 4.8, all 5 asset classes and MT4/MT5/cTrader/DXTrade platforms, FTMO is the most solid option for commodity trading. And its Swing account has no news restrictions — crucial for trading NFP on gold. You can compare FTMO with other firms to see its advantages.

The5ers offers 1:25 on metals for its High Stakes plan and 1:5 on energies, with profit splits scaling up to 100% and a Bootcamp plan that takes allocation up to $4 million. With TrustPilot 4.8 and consistently ranked among the best prop firms by profit split, The5ers is ideal for gold traders with a long-term perspective.

Hantec Trader is the surprise in commodities: it offers $1/lot commission on metals and energies — the lowest commission in the industry. With 1:20 leverage on metals and 1:15 on energies, and 80% profit splits (90% with add-on), Hantec offers the best per-trade cost for frequent commodity traders.

FundingPips offers 1:20 on metals for its 2-phase plan and 1:10 on 1-phase, with $0 commission on energies. With profit splits ranging from 60% to 100% depending on payment frequency and a TrustPilot of 4.5 with 44,000 reviews, it's one of the most popular firms for commodity trading.

Commissions on Commodities: What You Really Pay

Commissions on commodities are more varied than in forex, and the impact on your profitability can be dramatic:

Firms with zero commission on energies include FundingPips, Lark, Ment Funding, ThinkCapital, Blueberry Funded, and Goat Funded Trader (energies). This makes a huge difference for oil and natural gas traders.

FundedElite offers $0/lot on metals — one of the few firms with zero commission on gold and silver. With 1:10 leverage and profit splits of 60% to 95%, it's ideal for frequent gold traders.

At the other end, BrightFunded charges 0.001% (percentage of volume), Darwinex Zero charges 0.005%, and firms like Finotive ($6/lot on challenge, $5/lot on Pro), E8 ($6/lot), Fxify ($6/lot) and Maven ($6/lot) have high commissions for commodities.

For gold trading with small positions, the difference between $0/lot and $7/lot can represent 10-15% of your per-trade profits. If you scalp commodities, commission is a decisive factor.

News Trading on Commodities: The Strictest Rules

If there's one market where news causes the most impact, it's commodities — especially gold and oil. Inflation data, Fed decisions and geopolitical conflicts move prices like no other asset. And prop firms know it:

Firms that prohibit news trading on commodities: Ment Funding, Blue Guardian, Maven, SuperTrade, TradeXProp, Wall Street Funded and DNA Funded don't allow trading during high-impact news events. If your gold strategy depends on NFP or Fed decisions, these firms are not for you.

FTMO restricts new trades on metals within 2 minutes before/after high-impact news on Standard accounts, but Swing accounts have no such restriction. If you trade news on gold, FTMO's Swing account is your best option.

Firms that allow news trading without restrictions: City Traders Imperium, Finotive, The5ers, The Trading Pit, ThinkCapital, Hantec Trader, Upcomers, FundedElite and Funded Trading Plus all allow news trading on commodities without limitations. Check our guide to prop firms for news trading for more details.

FundedNext applies a 40% reduction on profits generated during high-impact news windows. It's an intermediate approach that doesn't prohibit but significantly penalizes.

Energies: Oil and Natural Gas at Prop Firms

Energies are a specific category within commodities with their own characteristics. WTI crude oil and Brent are the most traded, followed by natural gas:

MyCryptoFunding offers 1:100 on energies — the highest leverage available. For oil traders seeking maximum exposure, it's the leading option.

Hantec Trader offers 1:15 on energies with $1/lot commission — the most efficient combination for frequent oil traders.

FundingPips and Lark offer $0 commission on energies, but with moderate leverage (1:10 and 1:5-1:3 respectively). For swing trading oil with large positions, zero commission compensates for lower leverage.

Audacity is peculiar: it offers 1:60 on energies for funded accounts — one of the few cases where energy leverage exceeds metals. At $6/lot commission, it works best for large positions.

Firms Without Crypto But With Commodities

Several firms offer commodities without the distraction of the crypto market:

Alpha Capital Group offers forex, indices and commodities with 1:30 on metals (Alpha Pro) and 1:10 on energies, $5/lot commission and 80% profit split. Without crypto, Alpha is ideal for pure commodity traders. They also offer PayPal for deposits — an advantage covered in our PayPal guide.

AquaFunded offers the same three assets with 1:10 on metals and energies, $5/lot commission and 90% profit splits (100% with add-on). With four platforms and multiple challenge types, AquaFunded is flexible.

Hantec Trader offers forex, commodities, indices and crypto, but stands out for its $1/lot on commodities — the lowest commission. With 1:20 on metals and 1:15 on energies, it's the most cost-effective option per trade.

The Special Case: ForTraders and the Risk Management Group

ForTraders has a particularity that every commodity trader should know about: they can place your account in a Risk Management Group with leverage reduced to 1:1 for commodities. This means that, in the worst case, your buying power on raw materials can go from 1:40 to 1:1 without prior notice. If the firm detects risky behavior, conditions change dramatically.

This isn't a problem exclusive to ForTraders — several firms reserve the right to adjust leverage on accounts with significant drawdown. But ForTraders is the most explicit about the possibility of reducing commodities to 1:1. Before choosing a firm, verify whether they have leverage adjustment clauses.

How to Choose the Right Prop Firm for Commodities

1. If you trade gold and need high leverage: MyCryptoFunding (1:100), Audacity (1:100 on challenge) and CryptoFundTrader (1:100 Advance) offer the highest multipliers on metals.
2. If you prioritize low commissions on metals: FundedElite ($0/lot), Hantec Trader ($1/lot) and SuperTrade ($2/lot) have the most competitive commissions.
3. If you prioritize low commissions on energies: FundingPips ($0/lot), Lark ($0/lot), Ment Funding ($0/lot) and ThinkCapital ($0/lot) don't charge commission on oil and gas.
4. If you trade news on gold: FTMO Swing (no restrictions), The5ers, Finotive and Hantec Trader allow news trading on commodities without limitations.
5. If you want the best profit split: Upcomers (99%), The5ers (scales to 100%), AquaFunded (90%, 100% with add-on) and FundingPips (up to 100%) offer the best splits.
6. If you want the most established firm: FTMO (4.8 TrustPilot), The5ers (4.8) and Finotive offer the longest track records.

Tips for Commodity Trading at Prop Firms

• Differentiate metals and energies. Don't assume conditions are the same. Check leverage and commission for the specific instrument you'll trade — gold and oil can have very different conditions at the same firm.
• Be careful with leverage on energies. Natural gas has extreme volatility — 1:20 leverage on gas can be as risky as 1:100 on EUR/USD. Adjust your position size to the instrument.
• Verify news rules BEFORE buying. If you trade gold during NFP or oil during crude inventory reports, confirm the firm allows it. More firms prohibit news trading on commodities than on forex.
• Calculate total cost. A firm with $1/lot commission but wider spreads may be more expensive than one with $5/lot but tight spreads. For gold, where spreads are generally tight, commission has more relative impact.
• Look for promo codes on our promotions page. Alpha Capital Group offers 10% with THEGODFUNDED, The5ers 5%, and Bulenox up to 50%.
• Consider drawdown. Commodities are volatile by nature — oil can move 5% in a single day. Make sure the firm's drawdown rules are compatible with the volatility of your instrument.
• Evaluate trading hours. Gold trades almost 24 hours, but oil has more limited hours. If your strategy depends on liquidity at specific times, verify the firm's trading hours.

Conclusion

Commodity trading at prop firms offers exposure to natural resources with less competition than forex — fewer traders operate gold and oil than EUR/USD, which can mean clearer opportunities for those who master these markets.

The most established firms like FTMO and The5ers offer the reliability and competitive conditions that commodity traders seek. MyCryptoFunding and CryptoFundTrader offer the highest leverage. Hantec Trader has the lowest commissions. And firms like FundingPips and Lark offer zero commission on energies for oil traders.

Choose the firm that aligns with your specific commodity — high leverage for gold, zero commission for oil, or news freedom for trading NFP. Use our comparison tool to evaluate firms on the criteria that matter most to you, and check the list of prop firms for commodity trading for the most up-to-date data.

Commodities move the world. Make sure your prop firm is up to the task.