Commodities Brokers

Commodities Brokers Discuss Purchases

Commodities brokers, also known as futures commission merchants and commodities sales agents, act as agents in carrying out purchases and sales of commodities for customers or traders. Commodities are primary goods that are either raw or partially refined. Such goods are produced by farmers, such as corn, wheat, or cattle, or mined from the earth, such as gold, copper, or silver. Brokers, who may work at a brokerage house, on the floor of a commodities exchange, or independently, are paid a fee or commission for acting as the middleman to conduct and complete the trade. Approximately 319,280 securities, commodities, and financial services sales agents (a group including commodities brokers) are employed in the United States.

Next Section: History

Quick Facts
Alternate Title(s) Commodities Sales Agents, Futures Commission Merchants
Duties Act as agents in carrying out purchases and sales of commodities for customers or traders
Salary Range $25,000 to $100,000+
Work Environment Primarily Indoors
Best Geographical Location(s) Opportunities are available throughout the country
Minimum Education Level
  • Bachelor's Degree
School Subjects
  • Business
  • Economics
  • Mathematics
Experience Experience as a runner or as a clerk
Personality Traits
  • Conventional
  • Enterprising
  • Realistic
  • Business Management
  • Financial
  • Sales
Certification or Licensing Required
Special Requirements None
Employment Prospects Good
Advancement Prospects Good
Outlook Faster than the Average
Career Ladder
  • Floor Manager, or Commodity Trading Adviser, or Money Manager
  • Commodities Broker
  • Associate, or Sales/Account Executive, or Runner