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Commodity broker vs forex trader

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 broker vs forex trader overview

Commodity BrokerForex Trader
Yearly salary$63,317$115,092
Hourly rate$30.44$55.33
Growth rate10%10%
Number of jobs1,93717,582
Job satisfaction--
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 61%
Average age4343
Years of experience--

Commodity broker vs forex trader salary

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

Commodity BrokerForex Trader
Average salary$63,317$115,092
Salary rangeBetween $39,000 And $102,000Between $67,000 And $197,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyICAP-
Best paying industryFinance-

Differences between commodity broker and forex trader education

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

Commodity BrokerForex Trader
Most common degreeBachelor's Degree, 77%Bachelor's Degree, 61%
Most common majorBusinessFinance
Most common collegeUniversity of Pennsylvania-

Commodity broker vs forex trader demographics

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

Commodity BrokerForex Trader
Average age4343
Gender ratioMale, 82.6% Female, 17.4%Male, 91.5% Female, 8.5%
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, 5.4% Unknown, 4.1% Hispanic or Latino, 11.1% Asian, 12.1% White, 67.1% American Indian and Alaska Native, 0.2%
LGBT Percentage6%6%

Differences between commodity broker and forex 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.
  • Show more

Forex trader example responsibilities.

  • Communicate with brokers to ensure accurate allocations for futures, foreign exchange, and equities between separately manage accounts.
  • Execute institutional equity orders on both an agency and proprietary basis in strict accordance to FINRA regulations and establish company guidelines.
  • Execute institutional equity orders on both an agency and proprietary basis in strict accordance to FINRA regulations and establish company guidelines.

Commodity broker vs forex trader skills

Common commodity broker skills
  • Commodities, 17%
  • Market Analysis, 8%
  • Risk Management, 5%
  • Technical Analysis, 4%
  • Client Accounts, 4%
  • NFA, 4%
Common forex trader skills
  • Technical Analysis, 25%
  • Foreign Exchange Market, 17%
  • Technical Indicators, 11%
  • Fundamental Analysis, 11%
  • Manage Risk, 9%
  • Market Trends, 5%