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The differences between commodity brokers and forex traders can be seen in a few details. Each job has different responsibilities and duties. Additionally, a forex trader has an average salary of $115,092, 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 forex trader are technical analysis, foreign exchange market, and technical indicators.
Commodity brokers and forex traders have different pay scales, as shown below.
| Commodity Broker | Forex Trader | |
| Average salary | $63,317 | $115,092 |
| Salary range | Between $39,000 And $102,000 | Between $67,000 And $197,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | ICAP | - |
| Best paying industry | Finance | - |
There are a few differences between a commodity broker and a forex trader in terms of educational background:
| Commodity Broker | Forex Trader | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 61% |
| Most common major | Business | Finance |
| Most common college | University of Pennsylvania | - |
Here are the differences between commodity brokers' and forex traders' demographics:
| Commodity Broker | Forex Trader | |
| Average age | 43 | 43 |
| Gender ratio | Male, 82.6% Female, 17.4% | Male, 91.5% Female, 8.5% |
| Race ratio | Black 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, 5.4% Unknown, 4.1% Hispanic or Latino, 11.1% Asian, 12.1% White, 67.1% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |