Best brokers for commodities in Mongolia
We checked which brokers let people living in Mongolia trade commodities: 4 of the 7 we follow do. XTB does not accept residents of Mongolia, so XM leads.
By Broksal Team, investing in forex and CFD markets since 2017. Updated . How we test
How we score
Each broker gets five sub-scores out of 5:
Regulation and safety (30%), trading costs (25%), platforms and tools (20%), range of markets (15%) and ease of use (10%). The overall score is the weighted average, rounded to one decimal.
Availability is checked against each broker's published country lists. The ranking order is editorial and reflects our commercial agreements, so it does not always follow the scores. Full methodology
Advertiser disclosure
Broksal is free to use because some brokers pay us a commission when you open an account through our links. This can influence which broker we feature and the order in which brokers appear.
Commissions never change the facts we publish about regulation, fees or country availability, and they cost you nothing.
Top 3 commodity brokers for Mongolia
- 1
Our top pick in Mongolia
XM
4.6MT4 and MT5 from a $5 deposit, with multiple account types
XTB is not available in Mongolia
Commodity CFDs Gold and commodity CFDs on MetaTrader, including GOLD24-7 for weekend gold trading since 2026.
- Minimum deposit
- $5
- Platforms
- MetaTrader 4, MetaTrader 5, XM app
- Entity for Mongolia
- XM Global Limited — FSC (Belize)
- CFDs
- Yes
Show pros, cons and feesHide details
XM's MetaTrader platform on desktop and mobile, with one-click trading on EUR/USD. XM's EU site states that 75.12% of retail investor accounts lose money when trading CFDs with this provider. What we like
- Very low minimum deposit outside the EU
- MT4 and MT5 plus its own mobile app
- Accepts residents of a very wide list of countries
- Standard, Ultra Low and Shares account types
Watch out for
- Not available in the US, Canada, Israel or the UK
- Most non-EU clients are onboarded by an offshore entity with lighter protection
- Dormant account fee after 90 days without activity
Fees
The Standard account is commission-free with costs built into the spread; the Ultra Low account offers tighter spreads. Swaps apply on positions held overnight. A monthly dormant fee is charged after 90 days of inactivity.
Best for
MetaTrader users with small starting balances.
- 2
IC Markets
4.6Raw spreads, MetaTrader, cTrader and TradingView in one account (now branded IC)
Commodity CFDs Commodity, futures and bond CFDs on raw-spread accounts.
- Minimum deposit
- From $0 (varies by entity)
- Platforms
- MetaTrader 4, MetaTrader 5, cTrader +1
- Entity for Mongolia
- Raw Trading Ltd (IC Markets Global) — FSA (Seychelles)
- CFDs
- Yes
Show pros, cons and feesHide details
IC EU homepage after the rebrand from IC Markets: raw spreads from 0.0 pips and leverage up to 1:30 for EU retail clients. What we like
- Raw Spread accounts with low commissions
- Four platforms, including cTrader and TradingView
- ASIC and CySEC regulated entities
- Popular with automated and high-volume traders
- Rebranded to IC in 2026; same regulated entities
Watch out for
- Not available in the US, Canada, Israel or New Zealand
- Minimum deposit depends on the entity you are assigned
- Thin education and research compared with XTB or IBKR
Fees
Raw Spread accounts charge a commission per lot on top of raw interbank spreads (on MetaTrader it is $3.50 per side per standard lot). The Standard account has no commission and wider spreads. Swaps apply overnight.
Best for
Cost-sensitive and algorithmic traders.
- 3
IQ Option
4.1A $10 minimum deposit and one of the simplest trading apps
Commodity CFDs Commodity CFDs on a very simple app from a $10 deposit.
- Minimum deposit
- $10
- Platforms
- IQ Option web platform, Desktop app, Mobile app
- Entity for Mongolia
- IQ Option international entity — Offshore entity
- CFDs
- Yes
Show pros, cons and feesHide details
IQ Option EU homepage (CySEC licence 247/14): CFDs on forex, stocks and crypto, with leverage up to 1:30 on forex for EU retail clients. What we like
- $10 minimum deposit and a reloadable demo account
- Very easy proprietary platform on web, desktop and mobile
- CySEC regulated entity for EEA clients
Watch out for
- No MetaTrader, limited research tools
- Not available in the US, UK, Canada, Australia and several EU countries
- Clients outside the EEA are served by a lightly regulated entity
Fees
CFD costs are built into the spread, with overnight funding on leveraged positions. An inactivity fee is charged after a period without trading.
Best for
Beginners who want a very simple app and a small first deposit.
Also available in Mongolia:
Interactive Brokers 4.7
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Each broker publishes its own current loss percentage on its website.
Commodities from Mongolia: the rules
Offshore entities serving Mongolia may allow higher leverage on commodities; oil and gold can move several percent in a day.
Best time to trade gold and oil from Ulan Bator
Gold and oil are usually most liquid while London and New York are both open: 21:30–23:30 local time (UTC+8, early October 2026). Commodity CFDs pause briefly each day and close at weekends.
All 7 brokers we review, checked for commodities in Mongolia
| Broker | Status | Access | Entity for Mongolia |
|---|---|---|---|
| XTB | Not available in Mongolia | — | — |
| XM | #1 in this ranking | Commodity CFDs | XM Global Limited — FSC (Belize) |
| IC Markets | #2 in this ranking | Commodity CFDs | Raw Trading Ltd (IC Markets Global) — FSA (Seychelles) |
| Interactive Brokers | Available | Futures and CFDs | Interactive Brokers LLC / regional affiliate — Top-tier regulators |
| Freedom24 | Not available in Mongolia | — | — |
| IQ Option | #3 in this ranking | Commodity CFDs | IQ Option international entity — Offshore entity |
| eToro | Not available in Mongolia | — | — |
Commodities rankings in countries bordering Mongolia
Frequently asked questions
What is the best commodity broker in Mongolia?
XM, in our ranking. Gold and commodity CFDs on MetaTrader, including GOLD24-7 for weekend gold trading since 2026. IC Markets and IQ Option complete the top 3.
Which brokers offer commodities to residents of Mongolia?
Of the brokers we review: XM (commodity cfds), IC Markets (commodity cfds), Interactive Brokers (futures and cfds) and IQ Option (commodity cfds).
What are the rules for commodities in Mongolia?
Offshore entities serving Mongolia may allow higher leverage on commodities; oil and gold can move several percent in a day.
When is commodities most liquid in Mongolia?
Usually 21:30–23:30 local time, while London and New York are both open (early October 2026 times).
What is the best broker for trading gold?
XTB leads our ranking where it is available. Use our gold calculator to see what each dollar of price movement is worth for your position.
Availability last checked 6 October 2026. Brokers change their country lists without notice; the broker's sign-up form is the final word.