Best Steel Brokers 2025
We test and list top brokers with Steel trading in 2025.
-
1Established in 1989, CMC Markets is a reputable brokerage firm authorized by various top regulators such as the FCA, ASIC and CIRO, and is listed on the London Stock Exchange. They boast a global client base of over 1 million traders and have received numerous awards.
-
2FP Markets, founded in 2005 in Australia, is a trading broker regulated by ASIC and CySEC, offering a wide variety of tradable assets. It provides Standard and Raw accounts suitable for all types of traders. It also offers comprehensive trading tools, including the MetaTrader suite and TradingView along with useful trading suggestions from Trading Central and AutoChartist.
Compare Brokers
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 |
✓ | ✓ | $0 | 0.01 Lots | 1:30 (Retail), 1:500 (Pro) | ✗ | FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting | Web, MT4, TradingView | USD, EUR, GBP, CAD, AUD, NZD, SEK, NOK, SGD, PLN | Expert Advisors (EAs) on MetaTrader | ✗ | ✓ | |
 |
✓ | ✓ | $40 | 0.01 Lots | 1:30 (UK), 1:500 (Global) | ✓ | ASIC, CySEC, FSA, CMA | CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto | Iress, MT4, MT5, cTrader, TradingView, AutoChartist, TradingCentral | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD | Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
Safety Comparison
Compare how safe the Best Steel Brokers 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
|
✓ | ✓ | ✓ | |
|
✗ | ✓ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Steel Brokers 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
|
iOS & Android | ✗ | ||
|
iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Steel Brokers 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
|
✓ | $0 | 0.01 Lots | ✗ | ✓ | ||
|
✓ | $40 | 0.01 Lots | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Steel Brokers 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
|
Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✓ | 1:30 (Retail), 1:500 (Pro) | ✓ | ✓ |
|
Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✗ | 1:30 (UK), 1:500 (Global) | ✓ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Steel Brokers 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
|
✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✓ |
|
✓ | ✗ | ✓ | ✗ | ✗ | ✓ | ✓ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Steel Brokers 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
|---|---|---|---|---|---|---|---|---|---|
|
|||||||||
|
|||||||||
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Steel Brokers 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
|
✗ | $10 | 0.02 | 0.7 | From 1.3 | |
|
✗ | $0 | Variable | 0.1 | 17.3 (Bitcoin) | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Steel Brokers 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| CMC Markets |
|
| FP Markets |
|
Why Trade With CMC Markets?
CMC Markets offers a great online platform for traders. It has advanced charting tools and a wide variety of CFDs to trade, including a large selection of currencies and customized indices. It caters to traders at all levels.
Pros
- CMC Markets is strictly overseen by respected finance entities, helping to ensure safe and reliable trading. Its excellent reputation ensures a secure trading environment.
- CMC provides great pricing, with narrow spreads and low fees for trading except for stock CFDs. The Alpha and Price+ programs also give benefits to active traders, including up to 40% spread discounts.
- We upgraded its 'Assets & Markets' rating due to frequent product additions in early 2025, including extended hours trading on US stocks and new share CFDs.
Cons
- While the web platform has improved, it still needs more enhancements to be as user-friendly for trading as competitor software such as IG.
- CMC provides a commendable range of assets, but lacks support for actual stock trading and UK customers are unable to trade cryptocurrencies.
- Trading stock CFDs carries a comparatively high commission charge, particularly when contrasted with more affordable brokers such as IC Markets.
Why Trade With FP Markets?
FP Markets offers a great combination of reasonable pricing and quality services for traders. They maintain affordable trading costs, along with growing their investment options, analytical tools, and research capabilities. Additionally, they provide top-notch support for urgent trading concerns.
Pros
- FP Markets provides reliable support 24/5, usually responding within one minute based on tests.
- FP Markets provides an excellent range of assets for trading, including a variety of commodities and more than 10,000 stocks.
- FP Markets uses advanced tools from Trading Central and Autochartist. These tools assist traders in spotting short-term trading possibilities using patterns, indicators, and other technical elements on charts.
Cons
- Traders Hub offers comprehensive research including Daily Report, Technical Report, Market Insights, and Fundamental Analysis. However, it needs to broaden its daily content and keep its forex news up to date to rival top platforms like IG.
- The pricing in the Raw account is great, but the Standard account isn't as competitive. It has a higher average spread of 1.1 pips on EUR/USD trading, whereas IC Markets averages at 0.8 pips.
- FP Markets, with 130 available trading options in their MT4 Trader's Toolbox, doesn't match the top MetaTrader brokers, particularly when compared to Pepperstone's 1,300 assets. This may limit opportunities for dedicated traders.
Filters
Steel Trading Simplified
What Is Steel?
Steel is a crucial metal used in many things we see and use every day, like cars, tools, buildings, and bridges. It’s a big market, valued at over 1.2 trillion USD in 2022. When trading steel, it’s important to know about the different types, like rebar (reinforcing bar), scrap, and HRC (hot-rolled coil), and where they are produced because prices vary based on these factors.
For example, in February 2023, the price of rebar steel in Turkey was significantly higher than that of scrap steel. Similarly, steel prices in China, Northwest Europe, and North America can differ greatly.
The History of Steel Trading
Though steel has been vital for building projects for thousands of years, large-scale production only began during the Industrial Revolution in the 1800s. The global steel industry really took off in the U.S. with the creation of U.S. Steel in 1901, becoming a major player worldwide. Other countries also have significant steel companies.
Steel futures, a way to trade based on future steel prices, first appeared on exchanges in the 21st century, starting with the Dubai Gold and Commodities Exchange in 2007, followed by others in Chicago and Shanghai.
Understanding Steel Trading Tools
- Steel Futures: These are agreements to buy or sell steel at a future date for a set price, popular among professionals.
- Steel Options: Similar to futures but offer flexibility; you don’t have to complete the purchase if it’s not profitable.
- Steel CFDs: Contracts for Difference let you trade based on price movements without owning the steel, allowing leverage.
- Spread Betting: This involves betting on steel’s price movements, potentially tax-free in some areas.
Investing in Steel Companies
You can also invest in companies that make or sell steel, like Rio Tinto and Vale. However, their stock prices can be affected by factors unrelated to steel, such as their business strategies or other metals they work with.
Steel ETFs
Exchange-Traded Funds (ETFs) are collections of stocks and commodities you can trade like shares. They can be less volatile, making them suitable for long-term investments. For example, the VanEck Steel ETF includes stocks from companies like Vale and Rio Tinto.
Factors Affecting Steel Prices
Key Raw Materials
The prices of iron ore and coking coal—the main materials used to produce steel—can affect steel prices significantly. Shortages can drive steel prices up due to less production.
Supply Chain
Disruptions in the steel supply chain can cause price hikes if the supply decreases and demand stays constant.
China’s Influence
China is a major player, using and producing a large portion of the world’s steel, which greatly influences global prices.
Energy Costs
Producing steel requires a lot of energy. If energy prices rise, as they did in 2022, steel production costs increase, impacting steel prices.
Pros and Cons of Trading Steel
- Pros:
- High volatility can mean significant profit potential.
- Leverage options available.
- Multiple strategies to choose from.
- Various types of steel and exchanges to trade on.
- Access to free industry resources and insights.
- Cons:
- Fewer brokers offer steel trading.
- Complexities due to unpredictable price influences.
- High volatility also means increased risk.
Strategies for Trading Steel
Trend Trading
This strategy involves following trends using technical indicators to decide when to buy or sell steel assets based on price movements.
Pivots
Involves identifying potential price change points using support and resistance levels to make trade decisions.
Fundamental Analysis
Tracking news and announcements that might affect steel prices, such as production forecasts and import/export changes, can inform trades.
Getting Started with Steel Trading
Choose Your Product
Decide which steel trading method suits your risk level and style. Consider CFDs if you prefer short-term trades or ETFs for lower-risk investments.
Select a Broker
Find brokers offering the steel instruments you want. Check their platform, fees, accounts, and regulations. Practice on a demo account if new.
Develop a Strategy
Explore different strategies to match your financial goals and risk tolerance.
Risk Management
Use stop-loss orders and hedge positions to manage risk. Learning about steel and trading dynamics is essential.
Resources and Tools
Improve your trading skills with online resources like guides, tutorials, and industry insights. Use expert advisors or copy trading for extra support.
Steel Trading Hours
Trading hours vary by instrument and exchange. For example, steel futures on the CME are open Sunday to Thursday, while LME trading hours differ. Global availability allows you to trade steel almost anytime.
Wrapping Up Steel Trading
Steel trading offers potential profits due to its price fluctuations. Whether opting for short-term trades or long-term investments, the steel sector provides diverse opportunities. For the best start, use our recommended steel brokers.
FAQs
What Impacts Steel Prices?
Steel prices are influenced by factors like supply chain issues, iron and coal availability, energy costs, and changes in global steel demand, especially from China.
How to Plan a Steel Trading Strategy?
Platforms like TradingView let you analyze steel company prices and explore strategies using various indicators.
Where to Find Current U.S. Steel Prices?
Sites like MarketWatch or WSJ Markets keep you updated on U.S. Steel’s price. Use alerts for real-time updates.
Which Steel Companies to Invest In?
Choose among many global steel companies based on personal trading preferences. Explore steel companies on exchanges worldwide.
How to Trade on Steel Prices?
Trade using instruments like futures, options, and CFDs, or invest in steel stocks and ETFs related to the steel market.