Becoming a Commodity Broker

The fact is that many new commodity brokers struggle to make a living. Most new brokers work on a commission basis and some receive a token salary just to pay the basic bills. Getting through the first six months can be painful, but it will take some hard work and talent to make a career as a commodity broker.

The first thing to be done is to pass the Series 3 Exam if you are not a current broker and register as an Introducing Broker with the NFA. There must be at least one Associated Person (AP, commonly called a broker) listed with the firm. If you plan on being a one-man shop, that would be you. There are fees and paperwork associated with the...

Trading commodities is a major part of being a commodity broker. Online commodity trading has become increasingly popular with investors making their own decisions, but demand by new commodity investors to have someone manage their trades will never go away. Therefore, it is important to learn everything you can about the commodity markets and...

The Series 3 Exam for commodity futures broker is a 2 hour and 30 minute exam that covers knowledge on the futures markets and industry regulations. It is a test that you need to study for and we have included the key features of the series 3 exam and some helpful tips for passing the test.

There are good and bad types of commodity brokers to work for. We examine how you can determine whether you are looking at a good or bad brokerage firm.

Learn the steps that it takes to become a successful commodity broker. You have to open accounts, trade the commodities markets and service your clients.

Learn the process of what you need to do to become a licensed commodity broker. Areas covered include passing the series 3 test, choosing a brokerage firm and what the job involves.

This handbook walks you through the process of becoming a commodity broker and working as a commodity broker. Written by Melinda Schramm and presented by the CME.

These are the rules pertaining to registration with the National Futures Association to become a commodity broker.

This is an outline of the Series 3 Exam from the National Futures Association, which must be passed for you to become a licensed commodity broker.

The Institute for Financial Markets provides study courses and materials for the Series 3 exam.

There is no doubt that the term stockbroker is much more familiar to most people than the term commodity broker. There are also about ten times more licensed stockbrokers than there are commodity brokers. Both brokers do similar jobs, but the commodity broker has a much more specialized profession.

Commodity brokers are usually paid on a commission basis, which means they get paid a percentage of the commissions from the trades their clients place. Since some commodity brokers are very good and many brokers fail in the first six months, it is very difficult to give an accurate estimate of what a typical commodity broker gets paid.