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Commodity broker vs commodity trader

The differences between commodity brokers and commodity traders can be seen in a few details. Each job has different responsibilities and duties. Additionally, a commodity trader has an average salary of $93,220, which is higher than the $63,317 average annual salary of a commodity broker.

The top three skills for a commodity broker include commodities, market analysis and risk management. The most important skills for a commodity trader are commodities, commodity trading, and logistics.

Commodity broker vs commodity trader overview

Commodity BrokerCommodity Trader
Yearly salary$63,317$93,220
Hourly rate$30.44$44.82
Growth rate10%10%
Number of jobs1,93710,906
Job satisfaction--
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 77%
Average age4343
Years of experience--

Commodity broker vs commodity trader salary

Commodity brokers and commodity traders have different pay scales, as shown below.

Commodity BrokerCommodity Trader
Average salary$63,317$93,220
Salary rangeBetween $39,000 And $102,000Between $55,000 And $156,000
Highest paying CityNew York, NYStamford, CT
Highest paying stateNew YorkNew Hampshire
Best paying companyICAPThe Citadel
Best paying industryFinanceFinance

Differences between commodity broker and commodity trader education

There are a few differences between a commodity broker and a commodity trader in terms of educational background:

Commodity BrokerCommodity Trader
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 77%
Most common majorBusinessFinance
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Commodity broker vs commodity trader demographics

Here are the differences between commodity brokers' and commodity traders' demographics:

Commodity BrokerCommodity Trader
Average age4343
Gender ratioMale, 82.6% Female, 17.4%Male, 87.3% Female, 12.7%
Race ratioBlack or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 12.0% Asian, 9.8% White, 68.2% American Indian and Alaska Native, 0.2%Black or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.3% Asian, 12.2% White, 66.7% American Indian and Alaska Native, 0.2%
LGBT Percentage6%6%

Differences between commodity broker and commodity trader duties and responsibilities

Commodity broker example responsibilities.

  • Manage and execute physical/financial grains book as well as base metal arbitrage portfolio.
  • Trade on the NYFE, CME, and CBOT exchanges.
  • Provide research and analysis of prospective exchange trade funds for listing on the AMEX.
  • Support the firm's compliance director with records verification pertaining to audits, inquiries, and questions concerning NYSE floor operations.
  • Reorganize the UBS NYSE floor structure utilizing state-of-the-art technology and consolidating booth spaces.
  • Solicit profitable freight brokerage business by marketing transportation capability via direct sales calls, telephone and direct mail marketing activity.
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Commodity trader example responsibilities.

  • Trade, build, manage, and modele interest rate derivative positions via exchange floor
  • Manage and execute physical/financial grains book as well as base metal arbitrage portfolio.
  • Manage procurement and sales of bulk grains and agricultural commodities for redistribution into local dairy operations in Idaho.
  • Trade a variety of investment vehicles including commodity futures, FOREX and equities.
  • Develop automated and discretionary trading systems for currency, commodity futures, and equities markets.
  • Assist in audits from FINRA at corporate and branch levels.
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Commodity broker vs commodity trader skills

Common commodity broker skills
  • Commodities, 17%
  • Market Analysis, 8%
  • Risk Management, 5%
  • Technical Analysis, 4%
  • Client Accounts, 4%
  • NFA, 4%
Common commodity trader skills
  • Commodities, 14%
  • Commodity Trading, 11%
  • Logistics, 11%
  • Market Trends, 9%
  • Derivative, 6%
  • Financial Markets, 5%